Fitch affirms rating of some Sri Lanka banks
Sep 03, 2019 (LBO) - Fitch Ratings has affirmed the long-term issuer default ratings (IDR) of the following Sri Lanka-based banks: National Savings Bank (NSB) …
Capitol TwinPeaks, calls for grading system to safeguard condominium buyers and lenders
Sep 02, 2019 (LBO) - Capitol TwinPeaks, the flagship residential venture of the Sanken Group, addressed a panel of industry peers at the ‘Future of …
Kia Motors revs up for growth with Rs.800Mn Malabe complex
Sep 02, 2019 (LBO) - Korean automaker KIA is to strengthen its presence in Sri Lanka with a distributor dealership model following the recent corporate …
Sri Lanka vehicle registrations rebound in July 2019
Aug 26, 2019 (LBO) - Sri Lanka's vehicle registrations saw a rebound across the board in July from the lows of June since, limping back to normalcy post Easter …
Fitch revises outlook on Singer Sri Lanka to negative; affirms at ‘A-(lka)’
Aug 21, 2019 (LBO) - Consumer-durables retailer Singer (Sri Lanka) PLC's National Long-Term Rating has been revised to negative from stable, a statement said. …
SLASSCOM and Norway sign collaboration agreement on ICT and entrepreneurship
Aug 20, 2019 (LBO) - The Sri Lanka Association of Software and Services Companies (SLASSCOM) and the Norwegian Ministry of Foreign Affairs entered into a …
Pigeon Island partners Blue Resources Trust to create conservation programs
Aug 20, 2019 (LBO) - Sri Lankan tropical wear brand Pigeon Island, based on marine conservation and plastic recycling, recently partnered with Blue Resources …
Softlogic Holdings report 7-pct growth in first six months 2019
Softlogic Holdings top line witnessed a 7% growth to Rs. 17.1 billion during the quarter ended JUNE 30, 2019 following the decline in consumer demand and …
Sri Lanka commence construction of USD2.2Bn LRT project
Aug 16, 2019 (LBO) - The Ministry of Megapolis and Western Development has commenced phase one of the construction work of the Malabe and Colombo Fort Light …
Melstacorp records Rs. 8.9 bn PAT for 2018-19
Aug 16, 2019 (LBO) - The Melstacorp group’s profit after tax for the financial year 2018-19 was 8.9 billion rupees compared to the previous year’s figure …
Sri Lanka industrial production up by 2.2-pct in Jun 2019
Aug 09, 2019 (LBO) - Sri Lanka's industrial production has increased by 2.2 percent in the month of June compared to the same month in 2018, new data show. …
Singer revenue in Q1, 2019 marginally down for previous year
Aug 09, 2019 (LBO) - Singer (Sri Lanka) PLC results for Q1 ended June 30, 2019 indicated a Group revenue at 13.9 billion rupees, when compared to 15.1 billion …
Hayleys records Rs.52.6Bn turnover in first quarter 2019/20
Aug 09, 2019 (LBO) - Hayleys PLC, demonstrated resilience in challenging conditions to record an improvement in turnover and operating performance during the …
Applications accepted for CA Sri Lanka’s 55th annual report awards
Aug 07, 2019 (LBO) - To honor the best Annual Report masterpiece produced in the country, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is …
Piramal Glass Ceylon reports Rs.1,585Mn in revenue for FY Q1 2019/20
Aug 07, 2019 (LBO) - Piramal Glass Ceylon PLC has reported 1,585 million rupees revenue and 21 million rupees, profit after tax for the 1st quarter of FY …
ICTA launches national IT-BPM workforce survey 2019
Aug 07, 2019 (LBO) - A new IT-BPM survey reveals the overall strength of the sector's workforce has grown from 82,854 in 2014 to 124,873 in 2018, up 50.7 …
Ceylon Chamber announces Sri Lanka investment and business conclave 2019
The Ceylon Chamber of Commerce in association with the Ministry of Development Strategies and International Trade, Ministry of Foreign Affairs, Ministry of …
UNP coalition announcement delayed till end August : Ranil
Aug 06, 2019 (LBO) - Prime Minister Ranil Wickremesinghe said the postponement of the formation of the Democratic National Front (DNF) was temporary and that …
Sri Lanka’s insurance industry records 5.7-pct growth in Q1 of 2019
Aug 06, 2019 (LBO) - The insurance industry reported a growth of 5.70 percent in terms of overall gross written premium (GWP), during the first quarter of …
DIMO’s new identity and way forward
(Press Release) - Reposition DIMO inside-out, to grow competitively and profitably considering the challenges of the future. Brand DIMO crosses the big 80-year …