JKH ranked Sri Lanka’s most respected entity
Oct 08, 2019 (LBO) - John Keells Holdings PLC (JKH) was ranked as the most respected entity in Sri Lanka, for a record 14th year by LMD magazine. In terms of …
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John Keells Holdings ranked as Sri Lanka’s Most Respected Entity for 14th year
John Keells Holdings PLC (JKH) was ranked as the Most Respected entity in Sri Lanka for a record 14th year, in the recently released edition of LMD’s Most …
Altair infuses USD 25 mn via syndicated loan
Oct 08, 2019 (LBO) – A consortium of leading local banks, comprising of the Bank of Ceylon, NDB Bank and National Savings Bank has raised a syndicated loan …
SL’s can create efficient energy sector through stakeholder dialogue
Oct 08, 2019 (LBO) - Sri Lanka should have a dialogue among all the stakeholders as to how to move forward and create an efficient energy sector that ensures …
Softlogic Capital to raise Rs1.5Bn
Oct 08, 2019 (LBO) - Softlogic Capital PLC has decided to raise Rs 1,500 million through a debenture issue, a statement said. Soflogic Capital said in a …
Sri Lanka appointed to key posts in World Tourism Organization
Oct 07, 2019 (LBO) – Sri Lanka has been appointed as one of the two Vice-Chairpersons for the South Asia Commission of United Nations World Tourism …
Sri Lankan bank lending rate cap may not support loan growth : Fitch
Oct 07, 2019 (LBO) - The lending rate cap recently imposed by the Central Bank of Sri Lanka (CBSL) on rupee-denominated loans extended by Sri Lankan banks may …
Sri Lanka tourist arrivals down 27-pct in Sep 2019
Oct 07, 2019 (LBO) - The total number of tourist arrivals to Sri Lanka during September 2019 was 108,575, down from 149,087 visitors or 27.2 percent from the …
Cinnamon’s 15th property, Velifushi Maldives opens
Oct 07, 2019 (LBO) - Cinnamon Hotels and Resorts, the leisure arm of John Keells Holdings continues expansion with the opening of its newest hotel, Cinnamon …
Price of Litro brand domestic gas cylinders down
The price of Litro brand gas cylinders has been reduced from midnight today. The prices of 5 Kg and 2.3 Kg LPG gas cylinders too have been reduced accordingly. …
LankaPropertyWeb partners with HNB for Home Loan Products
LankaPropertyweb.com (LPW), Sri Lanka’s premier property site, recently tied up with Hatton National Bank (HNB) to offer its customers a range of home loan …
MODSIT to fast track German investments in Sri Lanka
Oct 04, 2019 (LBO) – The Ministry of Development Strategies and International Trade (MODSIT) and the Board of Investment of Sri Lanka held an interactive …
Mahindra bets big on Sri Lanka
Mahindra & Mahindra Ltd., a part of the US $20.7 billion Mahindra Group, emphasized the importance of Srilanka as a key strategic growth market in the …
Cinnamon Life’s office tower to open in Q1 2020
Oct 03, 2019 (LBO) - John Keells Properties announced that Cinnamon Life projects office tower complex will officially open for business in early 2020. In May …
HNB recognised as Sri Lanka’s strongest bank by Asian Banker
Oct 03, 2019 (LBO) - Hatto National Bank was recognized as Sri Lanka’s strongest bank by balance sheet evaluation by the Asian Banker Magazine. “There are …
Access Engineering buys warehouse -logistics firm for Rs.925Mn
Oct 03, 2019 (LBO) - Access Engineering PLC has bought 100 percent stake of WUS Logistics Ltd. The shares were bought at for 925 million rupees, the company …
Sri Lanka tea prices down in first nine months of 2019
Oct 03, 2019 (LBO) - All elevations show a negative variance January-September 2019 compared with January-September 2018 and high growns show the …
Sri Lanka Govt allows internal flight operation for foreign airlines
Oct 02, 2019 (LBO) - The Sri Lanka govenments cabinet of ministers has given the nod for foreign airlines to operate domestic flights, a statement said. Sri …
MTD Walkers (KAPI) loses another billion, equity wiped out
October 2, 2019 (LBO) - Embattled construction firm MTD Walkers (KAPI) has reported a loss for the June quarter of approximately Rs1bn, and its equity base has …
Imposition of lending rate caps, a credit positive: Central Bank replies to Moody’s
Oct 01, 2019 (LBO) – Sri Lanka's Central Bank says that the imposition of caps on lending rates of licensed banks would, in fact, be credit positive, …