Sri Lanka’s high-end condos under pressure, no bubble yet
Sept 06, 2017 (LBO) - Sri Lanka’s luxury residential condominium prices would stagnate or come down in 2018-2020 due to large levels of unabsorbed supply, …
Sri Lanka’s PABC’s Outstanding Debentures gets ‘BB+(lka)’ rating: Fitch
(PRESS RELEASE) - Fitch Ratings-Colombo-04 September 2017: Fitch Ratings has assigned Pan Asia Banking Corporation PLC's (PABC, BBB-(lka)/Stable) outstanding …
ADB earmarks USD5bln for Sri Lanka from 2018-2022
Aug 25, 2017 (LBO) - The Asian Development Bank said they have endorsed a country partnership strategy (CPS) for 2018-2022, amounting to up to US 1 billion …
Sri Lanka to provide health insurance for school children
Aug 24, 2017 (LB0) - Sri Lanka's cabinet of ministers has approved health insurance cover for school children, a statement said. Budget 2017 proposed to …
Sri Lanka telcos agree to grant more data after levy removal
Aug 23, 2017 (LBO) - Sri Lanka's licensed telecommunications operators said that all mobile and fixed line subscribers would be granted a 10 percent bonus …
Sri Lanka to invest Rs3.5bnl in Kalutara for industrial park
Aug 22, 2017 (LBO) - Sri Lanka will set up a 150-acre industrial park in Millaniya, Kalutara at a cost of 3. buy nolvadex online …
Panasian Power plans two mini hydro plants in Nuwara Eliya
Aug 21, 2017 (LBO) - Panasian Power has announced the acquisition of Lower Kotmale-Oya Power Two (Pvt) Ltd to construct two mini hydro-power plants (MHP) in …
New Sony digital imaging showroom opens in Sri Lanka
(Press Release) Sony International (Singapore) Ltd. today announced the opening of a new digital imaging showroom in collaboration with Sri Lanka distributor …
Sri Lanka Inland Revenue bill to be passed by Aug 25th, all concerns addressed: Fin Min
Aug 18, 2017 (LBO) - Sri Lanka's Inland Revenue bill will presented in Parliament next week and passed by August 25th, with most of the concerns raised …
Softlogic Holdings records Rs15.2 bln revenue in 1Q, +6.2 pct
Aug 17, 2017 (LBO) - Softlogic Holdings recorded a revenue growth of 6.2% posting Rs15.2 bn in the first quarter this year, from Rs14.3 bn in the same period …
Janashakthi records 11-pct GWP growth in first six months
Aug 17, 2017 (LBO) - Janashakthi Insurance PLC (Janashakthi) registered consolidated Gross Written Premium (GWP) of Rs. 7.22 billion for the six months period …
Govt approves further amendments to plantation estate act
Aug 16, 2017 (LBO) - Sri Lanka's cabinet of ministers has approved to further amend the tea, rubber and coconut estates (Control of fragmentation) Act No.2 of …
Opinion: Engage, Not Sell – Embracing the Millennial Consumer
By Madu Ratnayake ‘Millennials’,the generation born from the early 1980s to the early 2000s, are driving a major paradigm shift in the business-consumer …
Central Bank seeks clarity on National Payment Platform
Aug 16, 2017 (LBO) - Sri Lanka's Central Bank says they are still awaiting a response regarding concerns raised regarding the National Payment Platform (NPP) …
Fitch Upgrades Sri Lanka Insurance Corp’s National Ratings
(PRESS RELEASE) - Fitch Ratings has upgraded Sri Lanka Insurance Corporation Limited's (SLIC) National Insurer Financial Strength (IFS) rating and National …
Ceylinco Life’s 6-month PBT up 64-pct to Rs1.6Bnl
(PRESS RELEASE) - Ceylinco Life has posted profit before tax of Rs 1.628 billion for the six months ending 30th June 2017, recording noteworthy growth of 64 …
Sri Lanka’s HNB offers 4.4 mnl shares to investors
Aug 15, 2017 (LBO) - Sri Lanka's Hatton National Bank said it was offering 4. buy tamiflu online …
Sri Lanka’s BIA sees landing of maiden Emirates A380
Aug 15, 2017 (LBO) - Sri Lanka's Bandaranaike International Airport (BIA) Katunayake saw an Emirates A380 aircraft make a one off landing, helping Sri Lanka …
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) …