Sri Lanka targets Rs.130Bn excise revenue in 2019; So far 24,150 raids conducted
Aug 05, 2019 (LBO) - The Excise Department has conducted 24,150 raids throughout the country during the first six months of this year under its program to …
Interblocks acquired by Hitachi-Omron
Aug 05, 2019 (LBO) - Interblocks, a local fintech that specializes in payment-related software for the financial and retail sectors, has been acquired by …
Dipped Products records turnover of Rs.7.8Bn
Aug 05, 2019 (LBO) - The Dipped Products Group posted 7.8 billion rupees turnover and 221 million rupees profit before tax (PBT) for the first quarter ended …
Sri Lankan financial services company implements cloud-based digital strategy
Aug 05, 2019 (LBO) - With operations supported by a range of Microsoft solutions, Capital Alliance Group (CAL) recently featured in a Microsoft client case …
Swim Week Colombo to showcase Sri Lanka as an international hub
Aug 02, 2019 (LBO) - The fifth edition of OLU Swim Week Colombo will unveil the latest trends in swim and luxury resort wear presented by 9 Sri Lankan …
CA Sri Lanka forum highlights need for accountants to lead in eradicating corruption
Aug 02, 2019 (LBO) - The increasingly important role professional accountants including Chartered Accountants can play in eradicating corruption and the …
Teejay reports Q1 net profit growth of 62-pct
Aug 02, 2019 (LBO) - Teejay Lanka PLC has made a strong start to 2019-20, reporting excellent top and bottom line growth at group and company level through …
NDBIB advisor to Rs.2.8 Bn IPO in Maldives
Aug 02, 2019 (LBO) - NDB Investment Bank (NDBIB), acting as the sole financial advisor and manager is executing its 2nd initial public offering (“IPO”) in …
PA warns of damage to local oil palm industry if seedling crisis not resolved soon
Jul 30, 2019 (LBO) - The Planters’ Association of Ceylon (PA) sounded the alarm on the escalating 500 million rupees oil palm seedling crisis, warning of …
Cabinet, State and Deputy Ministers who resigned sworn into office again
Jul 30, 2019 (LBO) - Cabinet, state and deputy Ministers who had resigned from their respective ministerial portfolios were sworn in before President …
Dentsu Grant Group launches Amnet operations in Sri Lanka
Jul 29, 2019 (LBO) - Dentsu Grant Group has announced the launch of Amnet, the programmatic expert from Dentsu Aegis Network, in Sri Lanka. Amnet is a …
Sri Lanka Real Estate regains momentum with international and expat markets
Jul 29, 2019 (LBO) - Following recent marketing efforts by industry leaders as well as by the Sri Lanka Tourism Board Authority (SLTBA), Sri Lanka’s many …
Japan’s SBI group invests USD2Mn in Sunshine Energy
Jul 29, 2019 (LBO) - Japan’s SBI Group will be investing US 2 million dollars in Sunshine Energy to further expand on renewable energy production, a …
Sri Lanka’s 1st dollar sovereign bond fund poised for global investors
Jul 26, 2019 (LBO) - Strong demand on the recent issuance of Sri Lankan International Sovereign Bonds (ISB) signals potential for a strong economic recovery …
JKH transportation, consumer foods and retail witness strong growth in Q1
Jul 25, 2019 (LBO) - John Keells Holdings PLC reported a 5 percent growth in Group revenue during the first quarter of the year of Rs.31.74 billion compared to …
Knit fabric maker Teejay announces plans to diversify in to lace
Jul 25, 2019 (LBO) - Teejay Lanka PLC, Sri Lanka’s only multinational textile mill, has announced plans to partner with a leading Chinese company to venture …
ETL Colombo denies claims as the importer of waste cargo
Jul 25, 2019 (LBO) - ETL Colombo (Pvt) Ltd. outrightly denied any claims that they are the ultimate importer of the 130 containers of "Used Mattresses" …
CA SL to host regional forum on finance professionals combating corruption
Jul 25, 2019 (LBO) - The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will host a regional forum in Colombo next week on the role of finance …
IMF downgrades global growth to 3.2-pct in 2019
Jul 25, 2019 (LBO) - The International Monetary Fund (IMF) has cut its growth forecasts for the global economy for this year and next, a statement said. It …
Sri Lanka officially adds “Port City” reclaimed land to Colombo map
Jul 24, 2019 (LBO) - Sri Lanka's Minister for Megapolis and Western Province Development said the Ministry of Local Government will be tabling an act in …