Teejay extends partnership with University of Moratuwa
Teejay Lanka PLC, one of the largest knit fabric providers in South Asia, has announced an extension of its support to the University of Moratuwa for another …
Industry
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CIM appoints Onalie Dissanayake as new head for Sri Lanka & Maldives
The Chartered Institute of Marketing (CIM), the world’s leading professional body for marketing, has appointed Onalie Dissanayake to head up CIM in Sri Lanka …
Sri Lanka’s Hayleys to issue listed debt
Aug 13, 2019 (LBO) – Colombo Stock Exchange has approved in principle an application for listing the debt securities of Hayleys PLC. Hayleys said in a stock …
Arpico Finance partners with mCash to offer digitalized payments
The revolutionary mobile money platform, mCash, which is transforming the country’s electronic payments landscape, has partnered with Arpico Finance PLC to …
Sri Lanka industrial production up by 2.2-pct in Jun 2019
Aug 09, 2019 (LBO) - Sri Lanka's industrial production has increased by 2.2 percent in the month of June compared to the same month in 2018, new data show. …
Sri Lanka looking at establishing direct flights to Cambodia
Aug 09, 2019 (LBO) – Sri Lanka is looking at the possibility of establishing direct flights to Cambodia and to enhance tourism and trade between the two …
Singer revenue in Q1, 2019 marginally down for previous year
Aug 09, 2019 (LBO) - Singer (Sri Lanka) PLC results for Q1 ended June 30, 2019 indicated a Group revenue at 13.9 billion rupees, when compared to 15.1 billion …
SriLankan Airlines suspends operations to Cochin due to floods
Aug 09, 2019 (LBO) – SrLankan Airlines has suspended operations to Cochin, India till Sunday August 11, 2019 following the closure of the airport due to …
Hayleys records Rs.52.6Bn turnover in first quarter 2019/20
Aug 09, 2019 (LBO) - Hayleys PLC, demonstrated resilience in challenging conditions to record an improvement in turnover and operating performance during the …
Tea: July 2019 national average shows gains month on month
Aug 08, 2019 (LBO) - The national average for the month of July 2019 totalled 497.35 rupees against 494.48 rupees of June 2019, showing a marginal increase of …
Applications accepted for CA Sri Lanka’s 55th annual report awards
Aug 07, 2019 (LBO) - To honor the best Annual Report masterpiece produced in the country, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is …
Piramal Glass Ceylon reports Rs.1,585Mn in revenue for FY Q1 2019/20
Aug 07, 2019 (LBO) - Piramal Glass Ceylon PLC has reported 1,585 million rupees revenue and 21 million rupees, profit after tax for the 1st quarter of FY …
ICTA launches national IT-BPM workforce survey 2019
Aug 07, 2019 (LBO) - A new IT-BPM survey reveals the overall strength of the sector's workforce has grown from 82,854 in 2014 to 124,873 in 2018, up 50.7 …
Overseas Realty revenue up 43-pct for six months ended Jun 30 2019
Aug 06, 2019 (LBO) - Overseas Realty (Ceylon) PLC recorded a group revenue of 3,726 million rupees for six months ended June 30, 2019, an increase of 43 …
Ceylon Chamber announces Sri Lanka investment and business conclave 2019
The Ceylon Chamber of Commerce in association with the Ministry of Development Strategies and International Trade, Ministry of Foreign Affairs, Ministry of …
Sri Lanka’s insurance industry records 5.7-pct growth in Q1 of 2019
Aug 06, 2019 (LBO) - The insurance industry reported a growth of 5.70 percent in terms of overall gross written premium (GWP), during the first quarter of …
SriLankan welcomes free visa on arrival facility to 48 countries
Aug 05, 2019 (LBO) – SriLankan Airlines welcomes the launch of the free visa on arrival facility that the Government of Sri Lanka is providing to citizens of …
Market Research Society of Sri Lanka to introduce new socio-economic measure
Aug 05, 2019 (LBO) - The Market Research Society of Sri Lanka will be introducing its new SEC (socio-economic) measure, which takes into account a 3rd …
Sri Lanka targets Rs.130Bn excise revenue in 2019; So far 24,150 raids conducted
Aug 05, 2019 (LBO) - The Excise Department has conducted 24,150 raids throughout the country during the first six months of this year under its program to …
Interblocks acquired by Hitachi-Omron
Aug 05, 2019 (LBO) - Interblocks, a local fintech that specializes in payment-related software for the financial and retail sectors, has been acquired by …