CSE approves Sampath Bank’s Rs6bn Basel III compliant debt issue
Dec 11, 2017 (LBO) – Colombo Stock Exchange has approved in principle an application for listing the Basel III compliant debt securities of Sampath Bank. …
Industry
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Seylan Bank conducts Internet Banking Draw
In order to promote the use of Internet Banking at all islandwide branches, Seylan bank organized a special draw ‘Prizes and surprises with Seylan Internet …
Colombo sees no slowdown of Apartments coming up: Report
Dec 11, 2017 (LBO) - There has been an increase in the number of apartment projects in Colombo and Greater Colombo areas, according to data compiled by leading …
First EU GSP+ guide for Lankan exporters published
The first comprehensive and almost step by step guide for Lankan exporters to export under EU GSP Plus scheme has been released. Titled the “EU GSP+ Business …
Sri Lanka to build 400MW power plant in Hambantota
Dec 07, 2017 (LBO) - Sri Lanka's government has given the cabinet nod for the establishment of a 400 MW natural gas power plant in Hambantota, a statement …
Sri Lanka tourist arrivals edges up in November
Dec 06, 2017 (LBO) – Sri Lanka tourist arrivals rose 0.2 percent to 167,511 in November from a year earlier amid subdued growth in the main Indian and …
Sri Lanka’s Jetwing Symphony announces Rs.900Mn IPO
Dec 06, 2017 (LBO) - Jetwing Symphony Limited (JSL), the investment arm of the group announced the opening of its Initial Public Offering (IPO) on December …
Any revival plan for CIFL needs at least Rs3bn investment: CB
Dec 05, 2017 (LBO) – Sri Lanka’s Central Bank on Tuesday said that any revival plan for troubled Central Investments and Finance (CIFL) needs at least 3 …
SL, US to amend open skies deal facilitating efficient cargo movement
Dec 05, 2017 (LBO) – United States and Sri Lanka on Monday signed an agreement to amend the bilateral Open Skies Agreement of 2002 to facilitate the movement …
People’s Leasing completes acquiring 51-pct of Bangladeshi finance firm
Dec 05, 2017 (LBO) – People’s Leasing & Finance has completed the acquisition of 51 percent stake of the Bangladeshi finance firm, Alliance Leasing and …
Ceylinco Life’s 9-month PBT up 53-pct to Rs. 2.5Bn
Dec 05, 2017 (LBO) - Ceylinco Life has reported exceptionally strong profit growth for the nine months ending 30th September 2017, with pre-tax profit up 53 …
Google launches new app to understand and control mobile data
Dec 05, 2017 (LBO) - Google announced Datally, a smart and simple Android app that helps smartphone users understand, control, and save mobile data. Datally …
Sri Lanka’s LB Finance debenture issue oversubscribed
Dec 05, 2017 (LBO) - Sri Lanka's LB Finance 3 billion rupee debenture issue was oversubscribed, Monday. The subscription list of the issue was opened on 4 …
Walkers Colombo Shipyard secures USD4Mn for Shiplift & Transfer System
Walkers Colombo Shipyard (Private) Limited, a subsidiary of MTD Walkers PLC secured a US$ 4 Million loan from the Asian Development Bank to be utilized for the …
LVL Energy Fund to announce Rs1.2bn IPO; largest since 2015
Dec 04, 2017 (LBO) – A leading energy company and a subsidiary of Lanka Ventures, the LVL Energy Fund is set to announce a 1.2 billion rupees initial public …
Sri Lanka’s mobile telecommunication industry calls for fee reversal
Dec 04, 2017 (LBO) - The mobile telecommunications industry says the new 200,000 rupee levy per month on cellular towers, in the budget 2018 could make …
Aitken Spence bags Best Corporate Citizen Sustainability Award 2017
Nov 29, 2017 (LBO) – Aitken Spence won the coveted ‘Best Corporate Citizen Sustainability Award 2017’ an annual event organized by the Ceylon Chamber of …
Austria gives Euro19Mn loan to upgrade technical education
Nov 29, 2017 (LBO) - The Austrian Government will provide a 19.35 million Euro (Rs 3546 million) interest free soft loans to upgrade the Katunayaka …
Sri Lanka’s suburban land market promising, Kotte fetches high prices: RIU
Nov 28, 2017 (LBO) - The overall prospects for the suburban land market beyond prime Colombo looks very promising as capital Colombo's land prices leave the …
Sri Lanka’s Orion City Towers declared open for bookings
(PRESS RELEASE) - The Orion City Towers complex is now open for bookings. Custom designed to suit the dreams and needs of a modern business and the first of …