Company Overview and News

Japan’s ORIX divests LOLC stake to Ishara for Rs.12.8bn

By Indika Sakalasooriya Japanese financial services major, ORIX Corporation, yesterday exited the Sri Lankan market with the sale of its 30 percent stake in Lanka ORIX Leasing Company PLC (LOLC) to the leasing company’s local promoter and its Deputy Chairman Ishara Nanayakkara, in a whopping Rs.12.8 billion deal.

LOLC to introduce microfinance model to Pakistan

LOLC Group Deputy Chairman Ishara Nanayakkara and Pak Oman Investment Company and Pak Oman Microfinance Bank Chairman Yahya Al Jabri signing the joint venture agreement. Also in the picture are Pak Oman Investment Company Managing Director/CEO and Pak Oman Microfinance Bank Director, Bahauddin Khan and LOLC Group Managing Director Kapila  Jayawardena

Sri Lankan shares hit more than 2-wk closing low led by banks

2016-12-16 lankabusinessonline
Dec 16, 2016 (Reuters) – Sri Lankan shares fell for a third straight session on Friday to close at their lowest in more than two weeks, as a dollar rally to a 14-year peak after an interest rate increase by the U.S. Federal Reserve earlier this week kept investors subdued.

Sri Lankan shares end at near one-month closing high

Reuters – Sri Lankan stocks on Thursday posted a third straight session of gains to end at a near one-month closing high, led by gains in financial stocks, a day after yields in T-bills dropped.

Sri Lankan shares end higher; blue-chips lead

Reuters – Sri Lanka’s benchmark index edged up on Tuesday to recover from a seven-week closing low hit in the previous session, led by blue-chips, but investors stayed on the sidelines amid confusion over falling bond yields.

Sri Lankan stocks close steady ahead of cenbank policy meeting

Reuters – Aug 30 Sri Lankan shares ended steady on Tuesday as investors awaited directions from a key central bank policy meeting later in the day.

Sri Lankan shares end lower; slip from more than 7-wk closing high

Reuters – Aug 8 Sri Lankan shares ended slightly weaker in dull trade on Monday, slipping from their more than seven-week closing high hit in the previous session, as investors waited for firm direction on the government’s economic policies.

Sri Lankan shares up; rate hike boosts sentiment on economy

Reuters – Aug 3 Sri Lankan shares notched up a fifth session of gains to close at their highest in more than seven weeks on Wednesday, on hopes that economic fundamentals would improve after the central bank’s rate hike last week, analysts said.

Sri Lankan shares end down ahead of govt policy statement

Reuters – Sri Lankan shares ended weaker on Monday, from their more than three-week closing high hit in the previous session, as investors turned cautious ahead of the government’s policy statement next month.

Sri Lankan shares fall after Moody’s outlook revision; rates, outflows weigh

Reuters – Sri Lankan shares fell on Tuesday for a second straight session, a day after Moody’s revised down its outlook on the country’s sovereign rating and as continued foreign outflows and rising interest rates weighed on investor sentiment.

LOLC opens trading at the CSE

2016-03-01 lankabusinessonline
Lanka ORIX Leasing Company PLC (LOLC) rang the opening bell to commence trading at the Colombo Stock Exchange (CSE) today. Mr. Vajira Kulatilaka, Chairman of CSE speaking at the event stated “We th...

Sri Lanka mulls meeting country’s fabric need

​In a step towards import substitution, Sri Lanka is now looking at the possibility of producing the country’s total fabric requirement domestically doing away with the imports which drains much needed foreign currency from the country. 

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