Category: Industry
PropertyGuru doubles down on Southeast Asia with funding round
(PRESS RELEASE) Group bolsters its regional leadership with the new funding and full consolidation of Vietnam’s No. 1 property portal, Batdongsan.com.vn SINGAPORE, 31 October 2018 – PropertyGuru Group (‘PropertyGuru’ or ‘the Group’), Asia’s leading property technology group, today announced that it has secured S$200 million (approx.) [US$145 million] in a Series D round of funding […]
Foreign Minister meets Heads of Mission of SAARC countries
(PRESS RELEASE) – Foreign Minister Dr. Sarath Amunugama met the Ambassadors and High Commissioners of SAARC countries and their representatives at his office today (31). Heads of Mission and their representatives of Afghanistan, Bangladesh, Nepal, India, Maldives and Pakistan were present on this occasion to discuss matters of mutual interest. The Secretary to the Ministry […]
LVL Energy Fund set to expand portfolio with 7 new solar power plants
Leading energy company and a subsidiary of Lanka Ventures, the LVL Energy Fund PLC is set to expand its alternative energy footprint with the development of seven new solar power projects. The plants will be set up in partnership with First Energy SL (Pvt) Ltd, in strategic locations across the island and will have a […]
Seylan Bank records profit-after-tax of Rs. 3.1 Bn in 3Q 2018
The Bank closed the 9 months ending 30th September 2018 with a post-tax profit of Rs.3,138 Million, a moderate growth of 4.5 % over the corresponding period last year in the backdrop of challenging market conditions. The Bank increased its Net Interest Income and recorded a commendable growth of 14.4% to reach Rs. 13,013 Million […]
Virtusa Sri Lanka’s Madu Ratnayake appointed an Independent Director of HNB
Oct 26, 2018 (LBO) – Group CIO and the Center Head for Virtusa Sri Lanka Madura Duminda Ratnayake has been appointed as an Independent Non-Executive Director of Hatton National Bank.He is responsible for Virtusa’s global digital strategy and Virtusa’s Sri Lankan Operations.He is also responsible for enterprise digital business strategy and the core service delivery […]
Colombo District Land Price Index shows 16-pct increase despite rebasing
Oct 26, 2018 (LBO) – Land prices in the Colombo District during the first half of this year has recorded an increase of 16.3 percent compared to the first half of last year, despite the Central Bank rebased its index.Central Bank said they revised the base period of the index from 1998 to the first […]
Sri Lanka reiterates that Colombo East Terminal will not be given to any country
Oct 25, 2018 (LBO) – East terminal of Sri Lanka’s busiest Colombo port will not be given to any other country as it is being developed by the Sri Lanka Ports Authority, Port Minister Mahinda Samarasinghe reiterated today. In the master plan of Colombo port expansion project, the East Container Terminal (ECT) has a 1200m […]
Colombo Stock Exchange withdraws trading suspension on Adam Investments
Oct 25, 2018 (LBO) – Colombo Stock Exchange says the proposed trading suspension of the securities of Adam Investments will not be effective from 29 October 2018.The exchange further said the company has resolved the matters giving rise to the qualified opinion in the independent auditors report on the financial statements for the year ended […]
Blue Ocean Group lays foundation stone for yet another luxury condominium
Blue Ocean Group is pleased to announce yet another iconic luxury condominium project at No.35, Ramakrishna Road, Wellawatte, and the foundation stone laying ceremony took place at the site on the 11th of October 2018, headed by Sivarajah Thumilan, Blue Ocean Group Chairman in the presence of a large number of guests. The special event […]
Musical Chairs – Hemasiri Fernando to Chair the BOI
October 24, 2018 (LBO) – Presidents Chief of Staff and former People’s Bank Chairman Hemasiri Fernando will become the Chairman of Sri Lanka’s Board of Investment. Excerpts from his Bloomberg Executive Profile posted below: “Possessing diverse experience in varied genres, Mr. Fernando’s debut into the public sector was as Secretary to the Prime Minister.He later […]
Let us make this a starting point to double our revenue from tourism: PM
Oct 24, 2018 (LBO) – Sri Lanka should make Lonely Planet’s appreciation as a starting point to double the revenue from tourism, Prime Minister Ranil Wickremesinghe said. Delivering a special statement to the media on Wednesday, the premier said tourism has received a principal place in the country’s export economy since it can be one […]
‘s top 10 countries to visit in 2019
October 23, 2018 (LBO) – Sri Lanka has placed number one among the Lonely Planet’s top 10 countries to visit in 2019. According to Wikipedia, Lonely Planet is among the largest travel guide book publishers in the world. They have sold over 120 million books since inception (1972) and over 11 million of its travel […]