Sri Lanka BoI ink four investment deals
Nov 23, 2018 (LBO) - The Board of Investment of Sri Lanka recently signed four agreements for projects in apparel, logistics, plant tissue and packaging, a …
Industry
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CSE to conduct a full day of trading from the Disaster Recovery site tomorrow
The Colombo Stock Exchange (CSE) is to conduct a planned full day of trading from the Disaster Recovery Site using ATS Version 7 Disaster Recovery Solution on …
Janashakthi Insurance appoints Prakash Schaffter as its Executive Chairman
Janashakthi Insurance PLC announced the appointment of renowned business leader Prakash Schaffter as its Executive Chairman. Mr. Schaffter, who has three …
Moody’s downgrades ratings of BOC, HNB, Sampath Bank; changes outlooks to stable
Nov 21, 2018 (LBO) – Moody's Investors Service has downgraded the long-term local currency deposit and foreign currency issuer ratings of Bank of Ceylon …
Sri Lanka’s political crisis puts IMF loan negotiations on hold
Nov 21, 2018 (LBO) - The International Monetary Fund (IMF) loan facility to Sri Lanka, approved in mid-2016, has been put on hold due to the islands …
Sri Lanka lubricant market share shifting: Report
Nov 21, 2018 (LBO) - Sri Lanka's lubricant market dynamics are shifting with market share of Chevron and Indian Oil dipping, a new report shows. According to …
Neil Umagiliya assumes duties as Bank of Ceylon’s new Chairman
Nov 20, 2018 (LBO) - N.A. Umagiliya was appointed as the Chairman, Bank of Ceylon and assumed office on Monday 19th November 2018 as the 25th Chairman of the …
H One launches machine management solution for apparel industry
Nov 19, 2018 (LBO) - H One, a IT solutions provider, launched Res.Q| MI; an all-encompassing machine management solution designed with both large and …
ComBank allows credit cardholders to settle balances with any debit/credit card
The Commercial Bank of Ceylon has introduced another first in online banking in Sri Lanka, making it possible for the Bank’s Credit Card holders to settle …
Fitch Affirms Sunshine Holdings at ‘A-(lka)’; Outlook Stable
Nov 16, 2018 (LBO) - Sri Lanka-based Sunshine Holdings PLC's National Long-Term Rating has been affirmed at 'A-(lka)' with a stable outlook, Fitch Ratings …
Ceylinco Life appoints new Chairman and MD
Nov 16, 2018 (LBO) - Ceylinco Life Insurance Limited (Ceylinco Life) has announced the appointment of R. Renganathan, the Company’s managing director/CEO, …
Sri Lanka’s Altair adjudged best condo in Asia for architectural design
Nov 16, 2018 (LBO) - Sri Lanka’s Altair has beaten condominium developments in 15 countries in Asia including Singapore, Hong Kong, Japan, China and …
Sri Lanka business chambers call for urgent action to resolve political situation
Nov 15, 2018 (LBO) – Sri Lanka business chambers have called upon all those responsible to accord the highest priority to national interest and refrain from …
Finance Ministry says Asite Talwatte appointed as a Director of NSB
Asite Talwatte, a top professional and a veteran in the Corporate world has been appointed to the Board of National Savings Bank by the Minister of Finance and …
Mahinda Rajapaksa says fuel price to be further reduced tonight
Nov 15, 2018 (LBO) - In a special statement in Parliament Mahinda Rajapaksa said fuel price will be further revised tonight. "It is only in Sri Lanka the fuel …
Sri Lanka’s Hattion National Bank 9 month Group PAT at Rs14.5Bn
Nov 15, 2018 (LBO) - Hatton National Bank PLC (HNB) reported a Profit After Tax (PAT) of 14.5 billion rupees at Group level for the nine months to September …
Ceylinco Life’s 9-month net profit up 62-pct to Rs3.28Bn
Nov. 15, 2018 (LBO) - Sri Lanka's Ceylinco Life has reported profit before tax of 3.734 billion rupees for the period nine months ending 30th September 2018. …
Vallibel Finance pre-tax profits grow by 28.2-pct to Rs.1.03Bn
Vallibel Finance PLC returned yet another impressive report card with profits before tax (PBT) for the six months ending September, 2018 reaching a record high …
Sri Lanka CB Chief confident of meeting debt repayment targets in 2019
Nov 14, 2018 (LBO) - Political uncertainty will not have an impact on Sri Lanka's debt repayment preparations for 2019, the Central Bank Governor said. …
Central Bank warns public to be attentive to financial scams/ phishing emails
Nov 14, 2018 (LBO) - The attention of the Central Bank of Sri Lanka (CBSL) has been drawn to recent grievances received from the general public regarding …