Sri Lanka’s RIL Property goes for Rs.1.6Bn Rights Issue
Feb 14, 2018 (LBO) - RIL Property Plc said they will be raising 1.6 billion rupees through one for three Rights Issues to settle part of the long-term loan …
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SriLankan explores opportunities for new direct flights to Australia
Feb 13, 2018 (LBO) – SriLankan Airlines CEO, Suren Ratwatte says the national carrier will explore more opportunities in Australia with new direct flights to …
Sri Lanka – Iran sign mutual cooperation deal
Feb 13, 2018 (LBO) - Iran and Sri Lanka have inked a deal for further cooperation between the two nation in the areas of trade and economy. The agreements …
Hayleys sees strong 9-month top line growth, Turnover up to Rs.112.3Bn
Strong top line performances across the Hayleys Group and the addition of recent strategic acquisitions resulted in a 37% YoY increase in turnover up to Rs. …
Dialog Axiata FY 2017 NPAT Rs10.8Bn, Rs27.3Bn Invested in Infrastructure
• Net Profit After Tax Rs10.8Bn • Recommended Dividend: 35% of Earnings, 46 Cents per Share • Direct and Indirect Contribution in Taxes, Fees and Levies …
Consumer goods & agri sectors boost Sunshine group profits by 23-pct
9MFY18 Highlights • Consolidated revenue of Rs.15.6 billion, an increase of 12.4% YoY • PAT amounted to Rs. 1.6 billion, up 23.0% YoY, due to strong Agri …
Sri Lanka Central Bank issues clarification on media reports over Government debt
Feb 09, 2018 (LBO) - The Central Bank of Sri Lanka (CBSL) in reply to media reports on debt says it compiles and publishes central Government debt based on its …
PDO seeks feedback of beauty culture entrepreneurs to develop sector
Feb 08, 2018 (LBO) – Policy Development Office of the Prime Minister’s Office is currently seeking feedback from beauty culture entrepreneurs to identify …
Lanka Property Web to hold second successive show
Feb 08, 2018 (LBO) - Lanka Property Web. online pharmacy buy spiriva inhaler with best prices today in the USA online pharmacy buy clomiphene with best prices …
AmCham hosts Stephen Renna from U.S. Department of Commerce
(PRESS RELEASE) - Stephen Renna, Director, Advocacy Center, U.S. Department of Commerce, International Trade Administration will meet with members of the …
Japan confident of Sri Lanka’s Biz climate
Feb 08, 2018 (LBO) - A Japanese business delegation, including chief executive officers and leading officials of some of the largest companies is visiting Sri …
Sri Lanka Tourist arrivals up 12.6-pct in Jan 2018
Feb 07, 2018 (LBO) - Tourist arrivals to Sri Lanka rose 12.6 percent from a year earlier to 246,972 in January 2018 with Indian visitors taking the lead, …
Sri Lanka Malabe – Fort LRT project to commence by Dec 2018
Feb 06, 2018 (LBO) - Sri Lanka’s Ministry of Megapolis and Western Province Development says that preliminary work on the Light Rail Transport (LRT) project …
Fitch assigns Lankaputhra first-time BBB-(lka) rating; outlook positive
Fitch Ratings has assigned Lankaputhra Development Bank Limited (LDB) a National Long-Term Rating of 'BBB-(lka)'. The Outlook is Positive. KEY RATING DRIVERS …
Germany’s Allianz SE to buy Janashakthi General Insurance for Rs16.4bn
Feb 02, 2018 (LBO) – Janashakthi Insurance is selling its general insurance business to Allianz SE in Germany for 16.4 billion rupees subject to adjustments, …
Sri Lanka signs the Framework Agreement on International Solar Alliance
Feb 02, 2018(LBO) - The High Commissioner for Sri Lanka in India, Chitranganee Wagiswara signed the Framework Agreement of the International Solar Alliance …
Sri Lanka’s LOFC acquired a 100 percent shares of LOLC Micro Credit
Feb 01, 2018 (LBO) - LOLC Finance PLC (LOFC) said the company has acquired a 100 percent shares of LOLC Micro Credit for 12.3 billion rupees. The shares …
NDB closes 2017 with 41-pct growth in PBT to Rs7.5bn
National Development Bank PLC (NDB) completed the financial year 31 December 2017 with impressive performance across all fronts. Commenting on this …
Jack Ma’s Alibaba partners with Sri Lanka’s Supreme Global Holdings
Feb 02, 2018 (LBO) - Supreme Global Holdings, and Alibaba Group owned "Alitrip" which is now called "Fliggy", launched the "Sri Lanka Pavilion" in "Fliggy's …
Walkers Colombo Shipyard completes construction of its fourth vessel
Walkers Colombo Shipyard (Private) Limited, a subsidiary of MTD Walkers PLC, has successfully completed the construction of its fourth vessel, a 10 ton bollard …