LOLC Group Launches Rs. 3 Billion Takeover Bid for Sierra Cables After Acquiring 30% Stake
LOLC Group is set to make a Rs. 3 billion takeover bid for Sierra Cables following the acquisition of a 30% stake in.
Investments
Business
Commercial Bank of Sri Lanka Completes Liquidation of Money Transfer Unit in Italy
Sri Lanka’s Commercial Bank of Ceylon PLC has officially completed the liquidation of its subsidiary, Commex Sri Lanka S.R.L., located in Rome, Italy..
- September 6, 2024
Finance
Multi Finance Delists Following Merger with L B Finance
Multi Finance PLC has been officially delisted from the Colombo Stock Exchange (CSE) as of September 4, 2024, following its merger with L.
- September 5, 2024
Business
Deadline Approaches for Phasing Out Temporary VAT Registration in Sri Lanka
Sri Lanka is set to amend its Value Added Tax (VAT) Act to phase out temporary VAT registrations by the end of 2024,.
- September 4, 2024
Business
Port City Colombo Onboards 100+ Companies as Authorised Persons, Boosting Sri Lanka’s FDI Prospects
Port City Colombo has reached a key milestone, successfully onboarding over 100 companies as Authorised Persons (APs) by 24 August 2024. These companies.
- August 29, 2024
Business
Sri Lanka’s Airports Authority Soars to New Heights with Record Revenue
Airport and Aviation Services (Sri Lanka) (Private) Limited (AASL), a state-owned company, has achieved remarkable success in 2023. Their annual report, released on.
- June 13, 2024
Business
LOLC Finance Soars to New Heights: Records Highest Ever Profits
LOLC Finance PLC, Sri Lanka’s leading non-banking financial institution, has concluded the year with a bang! The company reported an exceptional performance, achieving.
- May 31, 2024
Business
Economics
Pakistani Businesses Eye Sri Lanka’s Recovering Economy for Investments
Colombo, Sri Lanka – A 14-member Pakistani business delegation is visiting Sri Lanka to explore investment opportunities in various manufacturing sectors, signaling confidence.
- May 31, 2024
Business
Sri Lanka and Singapore Collaborate to Upgrade Immigration System
Sri Lanka and Singapore are joining forces to enhance Sri Lanka’s immigration system. A team of officials from Singapore’s Immigration Checkpoint Authority (ICA).
- May 29, 2024
Business
Industry Analysis
Commercial Bank Announces Rs. 22.5 Billion Rights Issue to Fuel Growth
Sri Lanka’s Commercial Bank is set to raise Rs. 22.5 billion through a Rights Issue, aiming to strengthen its Tier I capital and.
- May 29, 2024