First Capital Holdings PLC’s LKR 2 Bn debenture issue snapped up on opening day
The Listed, Rated, Unsecured, Senior, Redeemable Debenture Issue of First Capital Holdings PLC with a tenure of 5 years was successfully oversubscribed on the …
Industry
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Sri Lanka national tea sales average up in Jan 2021
All elevations show an increase YOY in LKR and USD terms Feb 03, 2021 (LBO) - The National average for the month of January 2021 of Rs. 645.02 (USD 3.40) has …
APHNH calls for prioritization of private healthcare workers in National vaccine drive
In an appeal to the Government, The Association of Private Hospitals and Nursing Homes (APHNH) requested that private healthcare workers receive priority, …
Piramal Glass Ceylon reports 110-pct growth in PAT for nine months
Piramal Glass Ceylon reported its nine-month results as at 31st December 2020, with a turnover of Rs. 5,961 Million & PAT of 694 Million as against Rs. …
Sampath Bank to raise Rs. 6Bn in listed debentures
Sri Lanka’s Sampath Bank plans to raise as much as 6 billion rupees from a sale of Basel III compliant debentures which will be quoted on the Colombo Stock …
Sri Lanka inflation at 3-pct for Jan 2021
Feb 02, 2021 (LBO) - The overall rate of inflation as measured by CCPI on Y on Y basis is 3.0 percent in January 2021 and Y on Y inflation calculate for the …
Cabinet approves developing West Terminal as public-private partnership with India, Japan
The Cabinet of Ministers has approved a proposal to develop the West Container Terminal of the Port of Colombo on the basis of operating and developing as a …
BOI, CSE & CCC to organize first-ever virtual investor forum to attract foreign investment
The Board of Investment of Sri Lanka (BOI), Colombo Stock Exchange (CSE) and Ceylon Chamber of Commerce (CCC) are set to organize a first-of-its-kind virtual …
Union Assurance awarded for excellence in integrated reporting for 2020
Reaffirming its commitment to the value of transparency, accountability and integrity while maintaining an exceptional financial track record, Union Assurance …
Cinnamon Life secures Certificate of Conformity for project’s office and ‘The Suites’ residential towers
Cinnamon Life, Sri Lanka’s largest mixed development, announced another major milestone in its journey to completion with the securing of a Certificate of …
Minister green lights productivity-linked wage proposal for RPCs: Unions are still to agree
Feb 01, 2021 (LBO) - On the request of Labour Minister, Nimal Siripala de Silva, Regional Plantation Companies (RPCs) submitted a revised wage proposal to …
Services of Sri Lanka Ports Authority gazetted as an essential public service
Secretary to the President P B Jayasundera, by order of the President, has issued an extraordinary gazette declaring the services done by or in connection with …
People’s Insurance signs deal with SL Tourism as sole insurance provider for inbound tourists
As Sri Lanka opens its doors to the world once more, Sri Lanka Tourism has implemented several measures to ensure that the island getaway is as safe as …
JKH Group revenue and EBITDA, excluding leisure, increases by 5-pct
Jan 27, 2021 (LBO) - Despite the isolation measures adopted by the authorities due to the second wave of the COVID-19 outbreak in early October 2020, which …
What Investors Want To Know: Impact Of Sri Lanka National Scale Recalibration On Bank Ratings
Following Fitch Ratings' downgrade of Sri Lanka's sovereign rating to 'CCC' from 'B-' on 27 November 2020, the Sri Lankan National Rating scale was …
Sri Lanka can achieve a greener and more prosperous future
By Andrew Zakharenka, Natural Resources Management Specialist Farmers, hoteliers and homestay owners, fishers, producers of the famous Kanthale milk curd, …
Lina Spiro launches Sri Lanka’s first metered-dose inhaler manufacturing plant
Sunshine Healthcare Lanka (SHL), the healthcare arm of the diversified conglomerate Sunshine Holdings PLC (CSE: SUN), officially commenced the operations of …
Global equity interest in emerging markets expected to trickle down to CSE: Ceylon Asset Management
Jan 26, 2021 (LBO) - Local investors should exploit attractive valuations of the CSE before a Sri Lanka country rating revision and foreign investor confidence …
Fitch revises 9 Sri Lankan financial institutions’ ratings on recalibration; 2 downgrades
Fitch Ratings has revised the National Long-Term Ratings of Sri Lankan financial institutions following the recalibration of the agency's Sri Lankan national …
Sunshine Holdings selects IFS ERP platforms for subsidiary companies
IFS, the global enterprise applications company, announces that Sunshine Holdings PLC, a leading conglomerate will roll out a comprehensive enterprise resource …