Who will be Sri Lanka’s next Foreign Minister?
Aug 11, 2017 (LBO) - Sri Lanka's Foreign Minister Ravi Karunanayake's resignation over corruption allegations regarding the 2015 bond scam is keeping …
Hayleys records 61-pct dip in PBT to Rs.408Mln, Turnover up 21-pct to Rs.29Bln in Q1
(PRESS RELEASE) - Hayleys Group said that despite improved revenue, it was a challenging quarter for the group, during which Profits Before Tax (PBT) …
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 Haycarb PLC record revenue of Rs.3.3Bln,PBT Rs.151Mln for Q1 2017/18
(PRESS RELEASE) - The Sri Lankan multinational Haycarb PLC reported revenue of Rs. 3.3 billion and profit before tax of Rs 151 million for the first quarter of …
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 …
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 …
Sri Lanka’s Lakshman Athukorala appointed to UN Audit Committee
(PRESS RELEASE) - Chartered Accountant Lakshman Athukorala was recently appointed to the Independent Audit Advisory Committee of the United Nations Industrial …
Sunshine group profits up by 32.5-pct to Rs540 mln in 1Q
(PRESS RELEASE) - Sri Lankan conglomerate Sunshine Holdings reported impressive growth in top and bottom line performances during the first quarter of the …
Sri Lanka will not tolerate corruption and thieves : PM
Aug 08, 2017 (LBO) - Sri Lanka's Prime Minister who vowed to eliminate corruption in government has said that they would remove those involved in corruption if …
Sri Lanka’s Sampath Bank surpasses Rs5 bln in post-tax profit
(PRESS RELEASE) -Sampath Bank further extended its growth momentum in the 2nd quarter of the year and recorded a post-tax profit of Rs 5.7 Bn for the six …
Supreme court says “No” to new income tax act
Aug 04, 2017 (LBO) - Sri Lanka's parliament was told that parts of the proposed new Inland Revenue bill is not consistent with the islands constitution. The …
Medical faculties to be set up at Wayamba, Sabaragamuwa and Moratuwa unis
Aug 03, 2017 (LBO) - Sri Lanka plans to establish medical faculties at the state universities of Wayamba, Sabaragamuwa and Moratuwa, a senior official said. …
Sri Lanka govt to rehabilitate 3,400 km of rural access roads
Aug 03, 2017 (LBO) - Sri Lanka's Cabinet has given the go ahead to rehabilitate 3,400 km of rural access roads and 340 km of national roads in four provinces. …
Sri Lanka’s Opex Holdings invests Rs550 mln in liquid fertilizer plant
Aug 03, 2017 (LBO) - Opex Holdings, an agriculture company, said that they have invested 550 million rupees in a liquid fertilizer manufacturing plant in …
Sri Lanka’s accountants should adapt with changing times: Harsha
Aug 02, 2017 (LBO) - Sri Lanka's chartered accountants should adapt and face head on the drastic changes the business world is witnessing, Harsha de Silva, …
Cargills inks agreement with Bank of China to promote co-operation
Aug 02, 2017 (LBO) - Sri Lanka's Cargills (Ceylon) PLC said it has entered into an agreement with Bank of China to promote co-operation between Cargills group …
Sri Lankan companies eye Africa as next investment destination: Stax
Aug 01, 2017 (LBO) - STAX Inc, a strategy consultancy, says as African economies continue to grow, more opportunities will open up for Sri Lankan firms in …
Sri Lanka’s Standard Chartered introduces Mobile Wallet Payments
Aug 01, 2017 (LBO) – Standard Chartered Bank has introduced Straight2Bank Wallet, a mobile payments system in partnership with Dialog Axiata’s eZ Cash …
Comparative experiences: Operationalizing the 25% quota for women in Local Government
(PRESS RELEASE) - 31 July 2017, Colombo: A discussion forum on operationalizing the 25% quota for women in Local Government, and comparative experiences on …
Sri Lanka July inflation down to 4.8-pct
Aug 01, 2017 (LBO) - Sri Lanka's inflation as measured by Colombo Consumer Price Index dipped to 4.8 percent in July 2017 from 6.1 percent in June. …