Commercial Bank weathers external challenges to post strong 9-month results
Sri Lanka’s benchmark private bank, Commercial Bank of Ceylon PLC has demonstrated its resilience in adverse conditions, weathering the twin challenges of …
Industry
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Hayleys records turnover of Rs.103Bn for six months ending September
Nov 13, 2018 (LBO) - Hayleys PLC, a diversified conglomerate posted a 65 percent Year-on-Year (YoY) increase in turnover up to 103 billion rupees for the six …
SAARC energy regulators meet in a bid to initiate regional power trade
Nov 13, 2018 (LBO) - Sri Lanka hosted the third meeting of South Asian Association for Regional Cooperation (SAARC) council of experts of energy regulators …
Kapila Chandrasena takes Ranjith Fernando’s seat at Sri Lankan Airlines
Nov 13, 2018 (LBO) – Former Chief Executive officer of Sri Lankan Airlines and Mihin Lanka Kapila Chandrasena has been appointed as the Chairman of Sri …
Sampath Bank surpasses Rs.14 Bn mark in pre-tax profit
Sampath Bank achieved Rs.14.2 billion in Profit Before Tax (PBT) within the first 3 quarters of 2018, 20.3% higher than the PBT of Rs.11.8 billion recorded in …
Sri Lanka port volumes up
Nov 13, 2018 (LBO) - State owned Jaya Container Terminal (JCT) of Sri Lanka Ports Authority (SLPA), witnessed the highest growth of 23.3 percent in …
Dipped Products posts PBT of Rs.553Mn in 1H 2018/19
Nov 13, 2018 (LBO) - Dipped Products Group, a subsidiary of the Hayleys Group reported a profit before tax of 553 million rupees for the 1H of 2018/19, a …
Lamudi Sri Lanka launches online property guide
Lamudi Lanka Private Ltd, the premier online real estate marketplace in Sri Lanka, has recently launched a Property Guide page, as a part of the company’s …
LVL Energy Fund 6-month profit exceeds previous full year profit
LVL Energy Fund PLC with an operational footprint covering Sri Lanka, Bangladesh and Nepal, recorded a strong financial performance in the first half of the …
Pathway to membership of CA ANZ available for members of CA Sri Lanka
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the Chartered Accountants Australia & New Zealand (CA ANZ) signed a landmark …
Sri Lanka Tourism launches its new brand identity ‘So Sri Lanka’
Nov 09, 2018 (LBO) – Sri Lanka Tourism launched its new destination brand identity entitled ‘So Sri Lanka,’ at an event at the Grosvenor House London …
Sri Lanka’s Watawala Plantations records PAT of Rs.554Mn
Nov 09, 2018 (LBO) - Watawala Plantations PLC reported a profit after tax (PAT) of 554 million rupees for the six months ended 30 September 2018. The Company …
Sri Lanka tourist arrivals up only 0.5-pct in Oct 2018
Nov 08, 2018 (LBO) - Sri Lanka's tourist arrivals during October 2018 was 153,123 in comparison to October last year, there is a growth of 0.5 percent when the …
The 6 biggest trends for tech startups to look forward to, this 2019
At the rate of which technology has been advancing, it’s no surprise that various trends come and go. As a result, the subsequent rise (and fall) of numerous …
Allianz tops Dow Jones Sustainability Index 2018
Sector leader in prestigious sustainability rating with 85 out of 100 points, second time in a row Best in sector in climate strategy, human capital …
Emirates takes Sri Lanka’s popular culture to the skies
There’s nothing quite like watching a movie in one’s own language, or listening to the music of a favourite local artist to feel at home even at 35,000 …
AIA Insurance partners with Sampath Bank to facilitate premium payments
AIA Insurance Lanka has entered into a strategic partnership with Sampath Bank on insurance premium payments to enhance customer convenience. Appointing …
Sri Lanka explores tourism market potential in Switzerland
Nov 06, 2018 (LBO) - The Sri Lanka Mission in Geneva in collaboration with Sri Lanka Tourism Promotion Bureau organized the islands participation at a tourism …
Asiri buys Hemas Southern Hospital for Rs.450Mn
Nov 06, 2018 (LBO) - Asiri Hospital Holdings Plc, a subsidiary of Softlogic Group acquired Hemas Southern Hospitals for 450 million rupees, a statement said. …
Nations Trust Bank records post-tax profit of Rs.2, 918Mn
Nov 02, 2018 (LBO) - The Bank closed the nine months ending 30th September 2018 with a post-tax profit of Rs.2, 918Mn with standing multiple challenges as …