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Lanka Business Online
EDITION: 02/14/2018




** Sri Lanka needs to create an environment that rewards investment: Harvard economist (https://lankabusinessonline.us12.list-manage.com/track/click?u=7b87b2b95c64fd0f524736408&id=9ee222e506&e=6a6b321b41)
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By LBO on Feb 14, 2018 10:58 am


Robert Lawrence Feb 14, 2018 (LBO) – Sri Lanka should move towards a simpler tariff structure, and implement direct taxes on things like income and property to maintain revenue, Harvard economist Robert Lawrence says. “90 percent of your tariffs should be in the simple schedule, and then there may be some exceptions,” Lawrence, faculty chair of the Practice of […]
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** Sri Lanka’s Industrial production up 4.3-pct in Dec 2017 (https://lankabusinessonline.us12.list-manage.com/track/click?u=7b87b2b95c64fd0f524736408&id=d210ecfeb9&e=6a6b321b41)
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By LBO on Feb 14, 2018 10:18 am


industrial production welding economy Feb 14, 2018 (LBO) – Sri Lanka’s industrial production has increased by 4.3 percent in the month of December, 2017 compared to the same month in 2016, latest official data shows. The Index of Industrial Production (IIP) is a key indicator of economic performance in most countries. Index numbers summarize past developments, facilitate forecasting of future […]
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** Sri Lanka’s RIL Property goes for Rs.1.6Bn Rights Issue (https://lankabusinessonline.us12.list-manage.com/track/click?u=7b87b2b95c64fd0f524736408&id=bba021e43a&e=6a6b321b41)
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By LBO on Feb 14, 2018 09:41 am


Colombo-Stock-Exchange Feb 14, 2018 (LBO) – RIL Property Plc said they will be raising 1.6 billion rupees through one for three Rights Issues to settle part of the long-term loan facilities obtained by the company. Issuing a statement the company said that the it will issue 200 million shares in the proportion of one new ordinary voting […]
Read More ... (https://lankabusinessonline.us12.list-manage.com/track/click?u=7b87b2b95c64fd0f524736408&id=bc629c4f1d&e=6a6b321b41)

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** SriLankan explores opportunities for new direct flights to Australia (https://lankabusinessonline.us12.list-manage.com/track/click?u=7b87b2b95c64fd0f524736408&id=e5350b0bfb&e=6a6b321b41)
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By LBO on Feb 13, 2018 03:50 pm


srilankan-airlines Feb 13, 2018 (LBO) – SriLankan Airlines CEO, Suren Ratwatte says the national carrier will explore more opportunities in Australia with new direct flights to destinations like Sydney. Ratwatte said daily nonstop flights between Colombo and Melbourne are witnessing high traffic with customers reporting satisfaction at being able to undertake the flight without long layovers. […]
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** Sri Lanka – Iran sign mutual cooperation deal (https://lankabusinessonline.us12.list-manage.com/track/click?u=7b87b2b95c64fd0f524736408&id=f7100cde11&e=6a6b321b41)
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By LBO on Feb 13, 2018 09:17 am


Feb 13, 2018 (LBO) – Iran and Sri Lanka have inked a deal for further cooperation between the two nation in the areas of trade and economy. The agreements were signed following a two-day visit by an Iranian delegation to Colombo, over the last week-end, media reports said. Iran and Sri Lanka also agreed to finalise […]
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** Hayleys sees strong 9-month top line growth, Turnover up to Rs.112.3Bn (https://lankabusinessonline.us12.list-manage.com/track/click?u=7b87b2b95c64fd0f524736408&id=becdaf71ff&e=6a6b321b41)
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By LBO on Feb 13, 2018 08:55 am


hayleys Strong top line performances across the Hayleys Group and the addition of recent strategic acquisitions resulted in a 37% YoY increase in turnover up to Rs. 112.3 billion during the nine months to 31 December 2017 while gross profits expanded by 29% YoY up to Rs. 24 billion. Increases in raw material prices and adverse […]
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** Hemas Holdings posts consolidated revenue of Rs.35.6Bn (https://lankabusinessonline.us12.list-manage.com/track/click?u=7b87b2b95c64fd0f524736408&id=caad29ed43&e=6a6b321b41)
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By LBO on Feb 13, 2018 08:37 am


Hemas-Holdings-PLC Hemas Holdings PLC and its subsidiaries reported consolidated revenue of Rs.35.6 billion; a year-on-year (YoY) growth of 11.4% and profit attributable to equity holders of Rs.2.1billion, a decline of 12.7% for the nine months ending December 31, 2017. Cumulative operating profit for the first nine months of the FY18 stood at Rs.2.9 billion; a YoY […]
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** Message from Sri Lankan people has sunk deep into UNP: Mangala (https://lankabusinessonline.us12.list-manage.com/track/click?u=7b87b2b95c64fd0f524736408&id=a9444d6fa7&e=6a6b321b41)
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By LBO on Feb 12, 2018 06:00 pm


Mangala-Samaraweera Feb 12, 2018 (LBO) – Finance Minister Mangala Samaraweera says they will join hands with all democratic political forces to ensure that Sri Lanka never again returns to rule by the sword. Releasing a statement, Minister Samaraweera said the message from the people has sunk deep into the UNP, and they are committed to taking […]
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** Mahinda’s Pohottuwa begins it’s journey with a bang (https://lankabusinessonline.us12.list-manage.com/track/click?u=7b87b2b95c64fd0f524736408&id=59f2818989&e=6a6b321b41)
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By LBO on Feb 12, 2018 09:15 am


MR Feb 12, 2018 (LBO) – Sri Lanka’s former President, Mahinda Rajapakse led Sri Lanka Podujana Peramuna (SLPP) contesting under the Pohottuwa symbol has claimed victory in over 230 local government bodies at the recently held polls. Voter turnout was unusually high officials said with the final figure expected to be higher than 70 percent. The […]
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** Celebrate the victory peacefully and with restraint: Mahinda Rajapaksa (https://lankabusinessonline.us12.list-manage.com/track/click?u=7b87b2b95c64fd0f524736408&id=44f68b567a&e=6a6b321b41)
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By LBO on Feb 11, 2018 07:30 pm


President-Mahinda-Rajapakse MEDIA RELEASE Celebrate the victory peacefully and with restraint Reports coming in from all corners of the island, indicate that the Sri Lanka PodujanaPeramuna is heading for a historic victory at the local government elections. I wish to express my heartfelt thanks to the voting public of Sri Lanka who have reposed their trust in […]
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