Sri Lanka lubricant market share shifting: Report
Nov 21, 2018 (LBO) - Sri Lanka's lubricant market dynamics are shifting with market share of Chevron and Indian Oil dipping, a new report shows. According to …
Neil Umagiliya assumes duties as Bank of Ceylon’s new Chairman
Nov 20, 2018 (LBO) - N.A. Umagiliya was appointed as the Chairman, Bank of Ceylon and assumed office on Monday 19th November 2018 as the 25th Chairman of the …
Prosperity Index show gains in North Western, Sabaragamuwa, Southern and Western provinces
Nov 19, 2018 (LBO) - Sri Lanka Prosperity Index (SLPI), increased to 0.771 in 2017 from 0.661 recorded in 2016, mainly due to improvements in ‘Economy and …
H One launches machine management solution for apparel industry
Nov 19, 2018 (LBO) - H One, a IT solutions provider, launched Res.Q| MI; an all-encompassing machine management solution designed with both large and …
Fitch Affirms Sunshine Holdings at ‘A-(lka)’; Outlook Stable
Nov 16, 2018 (LBO) - Sri Lanka-based Sunshine Holdings PLC's National Long-Term Rating has been affirmed at 'A-(lka)' with a stable outlook, Fitch Ratings …
Ceylinco Life appoints new Chairman and MD
Nov 16, 2018 (LBO) - Ceylinco Life Insurance Limited (Ceylinco Life) has announced the appointment of R. Renganathan, the Company’s managing director/CEO, …
Sri Lanka’s Altair adjudged best condo in Asia for architectural design
Nov 16, 2018 (LBO) - Sri Lanka’s Altair has beaten condominium developments in 15 countries in Asia including Singapore, Hong Kong, Japan, China and …
Mahinda Rajapaksa says fuel price to be further reduced tonight
Nov 15, 2018 (LBO) - In a special statement in Parliament Mahinda Rajapaksa said fuel price will be further revised tonight. "It is only in Sri Lanka the fuel …
Sri Lanka’s Hattion National Bank 9 month Group PAT at Rs14.5Bn
Nov 15, 2018 (LBO) - Hatton National Bank PLC (HNB) reported a Profit After Tax (PAT) of 14.5 billion rupees at Group level for the nine months to September …
Sri Lanka growth expected to recover to 4 – 4.5-pct in 2019: CB Gov
Nov 15, 2018 (LBO) - There are some positive signs with FDI and exports probably going to be record numbers this year and we envisage Sri Lanka's growth to be …
Ceylinco Life’s 9-month net profit up 62-pct to Rs3.28Bn
Nov. 15, 2018 (LBO) - Sri Lanka's Ceylinco Life has reported profit before tax of 3.734 billion rupees for the period nine months ending 30th September 2018. …
Vallibel Finance pre-tax profits grow by 28.2-pct to Rs.1.03Bn
Vallibel Finance PLC returned yet another impressive report card with profits before tax (PBT) for the six months ending September, 2018 reaching a record high …
Sri Lanka CB Chief confident of meeting debt repayment targets in 2019
Nov 14, 2018 (LBO) - Political uncertainty will not have an impact on Sri Lanka's debt repayment preparations for 2019, the Central Bank Governor said. …
Central Bank warns public to be attentive to financial scams/ phishing emails
Nov 14, 2018 (LBO) - The attention of the Central Bank of Sri Lanka (CBSL) has been drawn to recent grievances received from the general public regarding …
Hayleys records turnover of Rs.103Bn for six months ending September
Nov 13, 2018 (LBO) - Hayleys PLC, a diversified conglomerate posted a 65 percent Year-on-Year (YoY) increase in turnover up to 103 billion rupees for the six …
SAARC energy regulators meet in a bid to initiate regional power trade
Nov 13, 2018 (LBO) - Sri Lanka hosted the third meeting of South Asian Association for Regional Cooperation (SAARC) council of experts of energy regulators …
Sri Lanka port volumes up
Nov 13, 2018 (LBO) - State owned Jaya Container Terminal (JCT) of Sri Lanka Ports Authority (SLPA), witnessed the highest growth of 23.3 percent in …
Dipped Products posts PBT of Rs.553Mn in 1H 2018/19
Nov 13, 2018 (LBO) - Dipped Products Group, a subsidiary of the Hayleys Group reported a profit before tax of 553 million rupees for the 1H of 2018/19, a …
IFS celebrates 21 years of operations in Sri Lanka
IFS, the global enterprise applications company, is proud to be celebrating 21 years of operations in Sri Lanka. Having initially established its presence in …
Sri Lanka Presidents explains reasons for dissolving parliament
Nov 12, 2018 (LBO) - Sri Lanka's president Maithripala Sirisena said the main reason to dissolve Parliament last Friday night was claims of parliamentarians …