Fitch Affirms Richard Pieris & Company at ‘A(lka)’; Outlook Stable
(PRESS RELEASE) Fitch Ratings-Colombo-26 February 2018: Fitch Ratings has affirmed Sri Lanka-based conglomerate Richard Pieris & Company PLC's (RICH) …
Allianz completes acquisition of Janashakthi General Insurance
Feb 26, 2018 (LBO) – Allianz announced the company has completed its acquisition of Janashakthi General Insurance Limited, after receiving all the necessary …
Benefits of global oil price reduction should be passed on to people: Fin Min
Dec 24, 2018 (LBO) - As a result of the price formula introduced by the Government, the price of petrol and diesel has been reduced by Rs.30 and Rs.20 per …
Sri Lanka’s external sector improve, BOP record surplus : CB
Feb 23, 2018 (LBO) - Sri Lanka’s external sector performance continued to improve in the month of December 2017, mainly with higher inflows to the Financial …
Ceylinco Life’s net profit surges 95-pct to Rs.6Bn
(PRESS RELEASE) - Ceylinco Life has posted net profit of Rs 6 billion for the year ending 31st December 2017 while reaffirming its market leadership in Sri …
Sri Lanka up 4 notches to 91 on Corruption index
Feb 23, 2018 (LBO) - Sri Lanka has moved up four places to 91st from 95th, in the Corruption Perceptions Index (CPI) 2017 released by Transparency …
Buoyant property market witnessed at the Lanka Property Show 2018
Colombo : The 2018 edition of the Lanka Property Show was concluded successfully, drawing praise from both exhibitors and visitors. The event, which was …
Japanese company wins contract for Central expressway’s 3rd phase
Feb 21, 2018 (LBO) - The Government has given the go ahead to award the contract for construction of 3rd phase of Central Expressway to M/S Taisei Corporation …
Ariyana Resort Apartments launched by Home Lands Skyline
Going somewhere else to relax your mind & body will soon to be outdated, with the initiation of Home Lands Skyline’s - ARIYANA Resort Apartments - one of …
Sri Lanka President promises new Economic programme
Feb 21, 2018 (LBO) - Sri Lanka's President Maithripala Sirisena said a new economic programme of the government will be finalized by the National Economic …
Sri Lanka’s Liability Management Bill presented to Parliament
Feb 20, 2018 (LBO) - The new Active Liability Management Bill, to improve public debt management, was presented to Parliament for the first reading, Monday.buy …
Seylan Group’s PAT tops Rs.5Bn
(PRESS RELEASE) - Seylan group reported a resilient performance by recording a Profit after tax of Rs.5,004 Million for the year ended 31st December 2017, …
Comm Bank’s CBC Myanmar Microfinance gets license to operate in Myanmar
Feb 20, 2018 (LBO) - Sri Lanka's Commercial Bank subsidiary CBC Myanmar Microfinance Co. buy metformin online metformin online no prescription , Ltd, has …
Sampath Bank reports PAT of Rs12Bn
(PRESS RELEASE) - Sampath Bank posted a Profit After Tax (PAT) of Rs 12.1 Bn for the year ended 31st December 2017, an impressive 32.7% YoY growth compared to …
Sri Lanka’s Bank of Ceylon appoints new GM/CEO
Feb 20, 2018 (LBO) - Sri Lankan state bank, Bank of Ceylon has appointed K. B. Senarath Bandara as its new General Manager and CEO with effect from 22 …
Hayleys Advantis Does the Heavy Lifting for IRONMAN 70.3 Colombo
(PRESS RELEASE) - Lending its expertise in end to end logistics management to ‘Sri Lanka Wonder of Asia IRONMAN 70.3 Colombo’, Hayleys Advantisannounced …
ADB gives USD 75mn for lending to Sri Lanka’s small businesses
Feb 16, 2018 (LBO) - Sri Lanka has decided to obtain an additional financing through a loan of US 75 million dollars from the Asian Development Bank to scale …
DIMO launches German-certified Automobile Mechatronics course
(PRESS RELEASE) Diesel & Motor Engineering PLC (DIMO), one of the leading automobile companies in Sri Lanka, will beoffering a three-year course paving …
JLL Sri Lanka sponsors first PropertyGuru Asia Property Awards in Colombo
(PRESS RELEASE) The PropertyGuru Asia Property Awards (Sri Lanka), the premier industry awards ceremony that will be held for the first time in Colombo in …
Insurance Industry records 15.5-pct growth in 3Q of 2017
Feb 16, 2018 (LBO) - Sri Lanka's insurance industry was able to report a growth of 15.53 percent (3Q, 2016: 16.97 percent ) in terms of overall Gross Written …