Ceylinco Life’s 6-month PBT up 64-pct to Rs1.6Bnl
(PRESS RELEASE) - Ceylinco Life has posted profit before tax of Rs 1.628 billion for the six months ending 30th June 2017, recording noteworthy growth of 64 …
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Five trends that will shape commercial real estate in future
The first half of 2017 has already held some surprises that will impact commercial real estate. buy phenergan online …
Hambantota Port PPP, important step towards maritime hub: CCC
Aug 15, 2017 (LBO) – Ceylon Chamber of Commerce says it appreciates the steps taken to develop the Hambantota Port as a Public Private Partnership (PPP) as …
Sri Lanka’s HNB offers 4.4 mnl shares to investors
Aug 15, 2017 (LBO) - Sri Lanka's Hatton National Bank said it was offering 4. buy tamiflu online …
ADB, Korean consultants study Trinco economic corridor
Aug 15, 2017 (LBO) - The Export-Import Bank of Korea together with the Asian Development Bank held a seminar on the Colombo-Trincomalee Economic Corridor …
Sri Lanka’s BIA sees landing of maiden Emirates A380
Aug 15, 2017 (LBO) - Sri Lanka's Bandaranaike International Airport (BIA) Katunayake saw an Emirates A380 aircraft make a one off landing, helping Sri Lanka …
Sri Lanka industrialists call for China transparency
Aug 15, 2017 (LBO) - Sri Lanka has assured its industrialists that the forthcoming China FTA is designed keeping the local industry concerns in mind. …
Amãna Takaful Group bounces back from losses to Rs93mn profit
93 Million at the half year ending June 2017. This compares to a loss of Rs. 42 Million over the same period in 2016. The Group’s Gross Written Premium (GWP) …
Sri Lanka’s Commercial Bank net up 18-pct in June quarter
Aug 14, 2017 (LBO) – Sri Lanka’s Commercial Bank group net profit increased 17.86 percent to 3.8 billion rupees in the June quarter from a year ago, the …
Central Bank & ICTA have no legal deal with Total Pay: Harsha
Aug 11, 2017 (LBO) – Sri Lanka’s National Policies and Economic Affairs Deputy Minister Harsha De Silva told Parliament Friday that neither the Central …
Proparco (AFD) grants €20mn loan to DFCC to promote alternate energy, SME
Aug 11, 2017 (LBO) - DFCC Bank has been granted a long term loan of €20 million by Proparco, a subsidiary of Agence Française de Développement (AFD), to …
Aitken Spence records 42-pct profit growth in first quarter
Blue chip conglomerate Aitken Spence PLC reported a pre-tax profit of Rs 678 mn for the first quarter, while the Group’s profit attributable to shareholders …
Fitch places Sri Lanka’s HDFC Bank on rating watch Negative
Fitch Ratings has placed Housing Development Finance Corporation Bank of Sri Lanka's (HDFC Bank) National Long-Term Rating of 'BBB(lka)'on Rating Watch …
Sri Lanka’s Melstacorp June quarter net down 41-pct
Aug 10, 2017 (LBO) – Profits at Melstacorp, the holding company of Sri Lanka's largest hard alcohol maker Distilleries Corporation, fell 41 percent to 1.1 …
Sri Lanka to kick off solid waste plants with USD193 mln investment
Aug 10, 2017 (LBO) - Sri Lanka will see two solid waste-to-energy power plants starting construction as two public-private partnership (PPP) projects in …
Sri Lanka’s public institutions to go solar: Minister
Aug 09, 2017 (LBO) - Sri Lanka's cabinet has given the go ahead to budget and establish panels to generate solar power on the roofs of all public …
Sri Lanka’s Dialog Axiata profit edges up to Rs2.3 bln in June quarter
Aug 09, 2017 (LBO) – Profits at Sri Lanka’s Dialog Axiata group, increased by 2.6 percent to 2.3 billion rupees in the June quarter, interim accounts …
Virtusa announce Q1 fiscal 2018 revenue of USD227.3Mnl, up 0.6-pct
(PRESS RELEASE) - First Quarter Fiscal 2018 Consolidated Financial Results Revenue for the first quarter of fiscal 2018 was $227.3 million, an increase …
Nasdaq quoted Synopsys to invest in R&D capabilities in Sri Lanka
Aug 09, 2017 (LBO) - Synopsys, Inc., a Nasdaq quoted leader in the electronic design automation industry (EDA), says it will invest futher in R&D capabilities …
Perkins and Sterling & Wilson Group strengthen partnership in Sri Lanka
Aug, 08 2017 (LBO) - The industrial policies in Sri Lanka have always encouraged investment in industries, making the country an important market for Perkins, …