Ceylinco Life’s income tops Rs 17 billion in nine months
Dec 06, 2016 (LBO) - Ceylinco Life has reported total income of 17.165 billion rupees for the nine months ending 30th September 2016, reflecting growth of 15.3 …
Lanka Sugar posts Rs.1 bn profit
(PRESS RELEASE) - The state owned entity Lanka Sugar, which previously reported heavy losses, has reported a profit of one billion rupees by third quarter of …
Asia stocks bounce as risk appetite returns after Italy vote
HONG KONG, Dec 6 (Reuters) - Asian stocks posted their biggest rise in two weeks on Tuesday and the euro steadied as investors judged the selloff after …
Sri Lanka tile importers commend support from budget
Dec 05, 2016 (LBO) - Sri Lanka's Tiles and Sanitary Ware Importers Association (TSIA) have welcomed the support of Budget 2017 for maintaining the reduction on …
Vista Rooms simplifies corporate travel bookings, Cuts travel costs by 20-pct
(PRESS RELEASE) - Corporates in Sri Lanka can now sit back and relax when it comes to business travel while Vista Rooms minimizes hassle and streamlines the …
Asia stock funds see pockets of value after Trump sell-off
SINGAPORE, Dec 2 (Reuters) - Donald Trump's shock election victory last month triggered a sell-off in Asian shares on heightened fears of protectionism …
Sri Lanka’s Cargills Bank gets Theagarajah as Joint Deputy Chairman
Dec 05, 2016 (LBO) - Sri Lanka's Cargills Bank has appointed sector veteran Rajendra Theagarajah as the Joint Deputy Chairman. He will be joined by Ranjit …
Huawei initiates ‘Red Revolution’ with launch of GR5 2017
(PRESS RELEASE) - Huawei, the fastest growing smartphone brand in Sri Lanka, recently unveiled their latest device into their smartphone portfolio through an …
Sri Lankan rupee gains on exporter dlr sales, subdued importer demand
COLOMBO, Dec 2 (Reuters) - The Sri Lankan rupee was trading marginally higher on Friday as exporters sold dollars while the demand for the greenback …
SriLankan airlines to fly to Gan Island
(PRESS RELEASE) - SriLankan Airlines will consolidate its traditional positioning as the largest airline operation in the Maldives, by commencingservices to …
Emirates offers up to 50-pct off on travel from Colombo
(PRESS RELEASE) -As festive cheer and the attendant frenzy of shopping begin to manifest, Emirates has unveiled an incredible pre-season sale in Sri Lanka, …
Brandix, IUCN collaborate to monitor Kelani River water
Dec 01, 2016 (LBO) - Sri Lankan apparel exporter Brandix will fund a project by the International Union for Conservation of Nature (IUCN) to monitor the water …
Moody’s maintains stable outlook on Sri Lankan banking sector
Dec 01, 2016 (LBO) - Moody's Investors Service has maintained its stable outlook on Sri Lanka's banking system, as moderate economic growth and reduced …
Comm Bank, Dunamis Capital and Aitken Spence win at CSE Masterminds 2016
(PRESS RELEASE) - Commercial Bank of Ceylon PLC won the inaugural capital market quiz organized by the Colombo Stock Exchange (CSE) recently. Dunamis Capital …
Sri Lanka approves two wind power plants in Chunnakam
Dec 01, 2016 (LBO) - Sri Lanka's cabinet has given the approval to award tenders establish two wind power plants of 10 megawatts each in Chunnakam. "The …
Oil, dollar and bond yields sharply higher after OPEC deal
TOKYO, Dec 1 (Reuters) - Crude prices, the dollar and bond yields were sharply elevated early on Thursday after OPEC agreed to a deal to reduce output …
Asia flat following a weaker Wall Street as Treasury yields hit 16-mth high
lbo.lk,lboSINGAPORE, Dec 2 (Reuters) - Asian shares were flat in early trade on Friday following mostly sluggish sessions on Wall Street and Europe, as …
New legal framework for solar in Sri Lanka, no more licences
Nov 30, 2016 (LBO) - Sri Lanka's power regulator, Public Utilities Commission of Sri Lanka (PUCSL), has decided to remove the legal barriers for consumers who …
Licencing , regulation and supervision of companies carrying on Micro finance Business
(PRESS RELEASE) - The Microfinance Act, No. 6 of 2016 was enacted with the objective of providing a regulatory framework to cover microfinance institutions …
Asia stocks edge up on U.S. growth data cues; dollar steady
HONG KONG, Nov 30 (Reuters) - Asian stocks edged higher on Wednesday reflecting upbeat U.S. growth news while oil steadied after a sharp drop overnight as OPEC …