Industry

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HNB pre-tax profit up by 4-pct to Rs. 16.8Bn upto Sept

(PRESS RELEASE) - Hatton National Bank Plc (HNB) continued its growth momentum to post a Group Profit before VAT and NBT of Rs. 20.7 billion while PBT to Rs. …

Sri Lanka to give Rs.15Bn as concessionary loans to target sectors: Finance minister

Nov 15, 2017 (LBO) - The Ministry of Finance says that it will create a credit scheme with the allocation of 15 billion rupees in target sectors for low …

Sri Lanka to gazette guidelines on adventure tourism by March 2018

Nov 14, 2017 (LBO) – Sri Lanka’s Policy Development Office said steps are being taken to promulgate regulations related to all adventure tourism activities …

Sri Lanka Budget Keeps to IMF Plan But Fiscals Still Weak: Fitch

Nov 14, 2017 (LBO) - Fitch Ratings says Sri Lanka's budget for 2018 sticks broadly to the targets for fiscal deficit reduction under its three-year IMF …

Sri Lanka’s Commercial Bank reports PBT of Rs 19.7Bn in first nine months

Nov 14, 2017 (LBO) - Sri Lanka's Commercial Bank of Ceylon PLC has reported profit of 19.718 billion rupees before VAT and NBT on financial services for the …

Blue Ocean Group crowned Lanka’s Best Developer at Asia Property Awards 2017

(PRESS RELEASE) - Sri Lankan real-estate and construction giant, the Blue Ocean Group was aptly recognized as the country's finest at the Asia Property Awards …

Hayleys Advantis trains future Logisticians

Nov 13, 2017 (LBO) - Hayleys Advantis Limited with the aim of bridging the gap between academic qualifications and corporate requirements recently completed …

Colombo district land price index up 12.6-pct in 1H 2017: CBSL

Nov 10, 2017 (LBO) – Sri Lanka's Central Bank says that on yearly basis Land Price Index for the period ending June 2017 has increased 12.6 percent, …

Debt Repayment Levy for banks will be tax deductible: Finance Minister

Nov 10, 2017 (LBO) – Sri Lanka’s Finance Minister Mangala Samaraweera told Parliament Friday that the planned bank levy will be a tax deductible business …

DFCC Bank launches “Premier Go”- first ever premier banking interactive app

DFCC Bank PLC launched “DFCC Premier Go”, the first ever premier banking app in the industry, exclusively for its Premier customers, at a special launch …

Sri Lanka tourist arrivals up 1.3-pct in Oct, Chinese visitors drop

Nov 09, 2017 (LBO) – Sri Lanka tourist arrivals rose 1.3 percent to 152,429 in October 2017 from a year earlier amid subdued growth in the main Indian and …

Piramal Glass Ceylon announces financial results for Q2 , F18

1st Half FY-2017-18: Piramal Glass Ceylon PLC has reported its results for the 1st Half of the year FY 2017-18 with Rs. 3,082 million of Revenue & Rs. 154 …

Norochcholai power plant to purchase coal under spot tender

Nov 08, 2017 (LBO) – Sri Lanka’s cabinet has granted approval to purchase 300,000 metric tons of coal for the Norochcholai power plant under a spot tender …

Railway development, viable alternative to costly Central Expressway

Nov 08, 2017 (LBO) – Sri Lanka’s transport sector experts questioned the need for an expensive four lane expressway with interchanges which will create its …

Biomass Energy Terminal to be inaugurated in Homagama

Nov 08, 2017 (LBO) – Sri Lanka’s Power Ministry in collaboration with Ecotherm Energy Solutions Private Limited will be establishing a Biomass Energy …

I will never allow substandard oil to unload: Petroleum Minister

Nov 07, 2017 (LBO) – Petroleum Minister Arjuna Ranatunga told Parliament Tuesday that he will never allow substandard oil tanker to unload in Sri Lanka. …

DFCC Bank reports strong 3Q amidst successful expansion drive

DFCC Bank continued to demonstrate positive momentum across business in the 3rd quarter of 2017 as a rapidly emerging full service commercial bank. Financial …

Sri Lanka’s Aitken Spence second quarter profits up by 15-pct

Aitken Spence PLC posted Rs. 1.12 bn as profits before tax in the three months ended 30th September, an increase of 15.4% year-on-year. Profits attributable to …