Sri Lanka’s Teejay Lanka doubles capacity of India plant with USD15Mn expansion
May 21, 2018 (LBO) - Teejay Lanka, a textile manufacturer said they will be doubling of capacity of its Indian mill, following the completion of an expansion …
Industry
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Fitch says Sunshine Holdings new equity issue not enough for ratings upgrade
May 21, 2018 (LBO) – Fitch Ratings says current ratings of Sunshine Holdings will remain unchanged as the projected fall in net leverage from the proposed …
Interactive workshop with Cultural Triangle Hoteliers’ Association
SKAL club of Sri Lanka conducted a Hotel Management Workshop at Amaara Forest Hotel, Sigiriya on 11 th of May, 2018. It was conducted by Mr. Nirmala Nagendra, …
Janashakthi life business reports Gross Written Premium of Rs.764Mn , YoY growth 8-pct
Janashakthi Insurance PLC (Janashakthi) reported its financial results for the three month period ended 31st March 2018. Janashakthi had divested its …
Samsung launches Galaxy J7 Duo in Sri Lanka
Samsung Sri Lanka expanded its best-selling range of Galaxy smartphones by introducing Galaxy J7 Duo. Galaxy J is Sri Lanka’s most popular smartphone series, …
Nations Trust Bank – Realizing Dreams
The Nations Trust story began more than 18 years ago when a small new bank full of determination,entered a field dominated by titans with a dream to carve out …
Laugfs Gas urges Govt to introduce transparent mechanism for LPG pricing
May 18, 2018 (LBO) - Sri Lanka's liquid petroleum gas (LPG) prices should be adjusted using a pricing mechanism that is transparent, impartial and …
Virtusa Corp reported a Q4 2018 revenue of 281.3 million, Up 6.6-pct
(PRESS RELEASE) Fourth quarter fiscal 2018 revenue of $281.3 million, increased 6.6% sequentially and 24.5% year-over-year, inclusive of $5.7 million from …
Distributors smuggle Rs10mn worth fuel on the day prices hiked
May 17, 2018 (LBO) – Ceylon Petroleum Storage Terminal (CPSTL) has incurred a loss of around 10 million rupees on the day fuel prices hiked. online pharmacy …
Sri Lanka’s Telecommunication Ministry signs MoU with Microsoft
May 17, 2018 (LBO) - The Telecommunication, Digital Infrastructure and Foreign Employment Ministry signed a Memorandum of Understanding (MoU) with Microsoft …
LKR depreciation unwarranted; Reserves to reach US$ 11Bn by June 2018 :CB
May 17, 2018 (LBO) - The Central Bank of Sri Lanka says the underlying fundamentals do not warrant the current pressure on the Sri Lanka rupee. The rupee …
Simplicity in Business Management is here with the lightest Business App
(PRESS RELEASE) - thinkCube Systems (Pvt) Ltd, the pioneering cloud application builder, has yet again introduced an innovative product to serve the Start-up, …
Simplicity in Business Management is here with the lightest Business App
(PRESS RELEASE) - thinkCube Systems (Pvt) Ltd, the pioneering cloud application builder, has yet again introduced an innovative product to serve the Start-up, …
Cabinet nod for new committee to prevent money laundering and terrorism financing
May 16, 2018 (LBO) - Sri Lanka's cabinet of Ministers has approved to widen the composition of National Coordinating Committee for preventing money laundering …
Sri Lanka Pvt bus Associations to strike, says can’t accept 6.5-pct fare hike
May 16, 2018 (LBO) - The Lanka Private Bus Owners' Association (LPBOA) and Inter-Provincial Private Bus Association (IPPBA) said it cannot accept the Cabinet …
Sri Lanka’s Comm Bank reports PBT of Rs.6.3Bn, up 21-pct
May 15, 2018 (LBO) - Commercial Bank of Ceylon PLC has reported profit before VAT and NBT of 7.677 billion rupees and profit before tax of 6.337 billion …
Facebook to empower youth & entrepreneurs in Sri Lanka
May 15, 2018 (LBO) – Facebook’s global ‘Boost Your Business’ program is now available for the youth and entrepreneurs of Sri Lanka. Facebook has …
HNB Group records Rs7.2Bn PBT in Q1
May 15, 2018 (LBO) - Sri Lanka's Hatton National Bank reported a first quarter profit after tax growth of 22.5 percent to 4.5 billion rupees, while the Group …
China approves USD1bn for 1st phase of Central Expressway construction
May 15, 2018 (LBO) – Chinese Government has approved 1 billion US dollars for the phase I of the Central Expressway construction and instructions have also …
Iranian companies to provide tech and engineering services to Sri Lanka
May 14, 2018 (LBO) - Iranian President Hassan Rouhani said that relations between Iran and Sri Lanka will be developed in all fields, stressing that the two …