Sri Lanka’s telco merger to relieve competitive pressure: Fitch
May 01, 2018 (LBO) - The merger between Hutchison Telecommunications Lanka (Private) Ltd and Etisalat Lanka (Private) Ltd is likely to relieve some competitive …
Jude Fernando to head Janashakthi
May 01, 2018 (LBO) - Sri Lanka's Janashakthi Insurance PLC announced the appointment of Jude Fernando as the company’s Director / Chief Executive Officer …
DFCC group profits drop in Q1 2018
May 01, 2018 (LBO) - Sri Lanka's DFCC Group recorded a profit before tax of 1,545 million rupees and profit after tax of 1,110 million rupees as compared to …
Pan Asia Bank posts Rs 498 mn PBT in 1Q
(PRESS RELEASE) - Pan Asia Banking Corporation PLC reported Rs 498 million in profit before tax for the quarter ended in March 31, 2018 (1Q’18) powered by a …
Softlogic introduces the next generation data centre
Educates on upcoming new technologies of world’s largest data center infrastructure supplier Softlogic Information Technologies Pvt Ltd, one of the …
CK Hutchison and Etisalat Group to merge Sri Lanka operations
Apr 26, 2018 (LBO) - CK Hutchison Group and Emirates Telecommunications Group Company PJSC (“Etisalat Group”) have entered into a definitive agreement to …
OPPO unleashes F7, the selfie expert phone
(PRESS RELEASE) OPPO, the Selfie Expert and Leader, today launched the F7. The latest Selfie Expert, powered by Artificial Intelligence (AI), takes smartphone …
Sri Lanka political unrest tests reform momentum: Fitch
Apr 26, 2018 (LBO) - Recent political developments in Sri Lanka have created some uncertainty over reform momentum and fiscal consolidation, and prolonged …
Union Bank records 37-pct growth in PAT in 1Q18
Union Bank recorded an impressive Profit Before Tax and VAT of Rs.246 million, reporting a 47 percent growth YoY, thus setting the pace for its next growth …
Essential fuel saving tips you should know
The price of petrol and diesel are at a constant rise and it’s more important than ever to start saving fuel. Here are some essential ways you can save fuel …
PUCSL hold public consultation on draft regulatory tools of lubricants
Apr 26, 2018 (LBO) - The Public Utilities Commission of Sri Lanka (PUCSL), shadow regulator of the lubricant industry held a public consultation session on the …
Presidential Commission on SriLankan to commence recording of evidence
Apr 26, 2018 (LBO) - President Maithripala Sirisena said that the Presidential Commission appointed to look into the alleged frauds and malpractices in …
Galle Face Properties commence construction of Renuka Tower
Apr 25, 2018 (LBO) - Sri Lanka’s Renuka Holdings Group said its subsidiary, Galle Face Properties Limited had started construction work on the 32-storey …
Sri Lanka Foreign Minister attends Berlin Energy Transition Dialogue
Minister of Foreign Affairs Tilak Marapana, attended the Berlin Energy Transition Dialogue (BETD), which commenced under the patronage of Federal Foreign …
China’s massive OBOR hub for Asia bullish on Sri Lanka FTA
Apr 25, 2018 (LBO) - The South East Asian Gateway Province to mainland China's ambitious One Belt-One Road (OBOR) initiative voiced its impatience to witness …
NTB launch Open API Banking
Apr 25, 2018 (LBO) - Sri Lanka's Nations Trust Bank has launched a API Banking Platform enabling clients to integrate the bank’s services directly into …
LAUGFS excel at CMI management excellence awards
Reinforcing the leadership force that drives LAUGFS, Lfinity - Chief Operating Officer (COO), Muditha Thebuwana and LAUGFS Gas - Deputy General Manager, …
Capacity building to manage public debt and liability is need of the hour: Eran
Apr 23, 2018 (LBO) - Sri Lanka as a developing nation needs to focus on building capacity for public debt and liability management as matter of …
Resus Energy to add more hydro power to national grid
Hydro electricity is the oldest and the principal source of electricity generation in Sri Lanka. Its unique geography renders the country perfectly suited for …
Richard Pieris Finance to merge with Chilaw Finance
Apr 20, 2018 (LBO) - Sri Lanka's Richard Pieris Finance Ltd, will merge with Chilaw Finance PLC. buy rybelsus online …