Company Overview and News

What About Nepotism & Cronyism?

2018-05-06 colombotelegraph
In the wake of President’s Chief of Staff and Chairman State Timber Corporation being nabbed by Commission to Investigate Allegations of Bribery or Corruption (CIABOC)in a five-star hotel car park accepting a bribe of Rs 20 million as part of a bribe from an Indian businessman, local media had published a statement by Secretary to President.

Sri Lanka’s telco merger to relieve competitive pressure: Fitch

2018-05-01 lankabusinessonline
May 01, 2018 (LBO) – The merger between Hutchison Telecommunications Lanka (Private) Ltd and Etisalat Lanka (Private) Ltd is likely to relieve some competitive pressures that have undermined Sri Lankan telecom companies’ revenue and EBITDA growth in recent years, Fitch Ratings said..

Fitch affirms Sri Lanka’s Dialog Axiata at AAA(lka); outlook stable

2018-04-05 lankabusinessonline
Fitch Ratings-Singapore/Colombo- 4 April 2018: Fitch Ratings has affirmed Sri Lanka-based telecom company Dialog Axiata PLC’s National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable.

Daily income of state telcos surged after social media blocked: President

2018-03-14 lankabusinessonline
Mar 14, 2018 (LBO) – Sri Lanka’s President Maithripala Sirisena says daily income of state-owned telecommunication sector players have jumped significantly after restricting access to several social media sites.

SLT group EBITDA improved by 5.4-pct, increasing depreciation affected bottom line

2018-03-02 lankabusinessonline
Sri Lanka Telecom (PLC) released its Group and Company financial performance 2017 today. The group comprised of 8 subsidiaries including Mobitel (Pvt) Ltd.

Paradigm shift required to attract more women for unconventional jobs: Rosy

There should be a paradigm shift to attract more women for unconventional jobs, but for that proper legislations and policies should be introduced to keep them secure in their respective professions, the first female mayor elect for Colombo, Rosy Senanayake, told at an event in Colombo this week.

SLT launched country’s first, purpose built tier 3, National Data Centre

2018-01-19 lankabusinessonline
SLT announces grand opening of the state-of-the-art Tier 3 “National Data Center” in Sri Lanka  Sri Lanka’s First “Purpose built Tier 3 Data Centre”  First “Green Gold Certified Data Centre” in Sri Lanka  First Network Function Virtualization ready Data Centre in South Asia

FTA with Malaysia: Will it Lead to an Expansion in Flow of Trade and Investment with Sri Lanka?

2018-01-05 lankabusinessonline
Prime Minister of Malaysia, Najib Razak, who was on an official visit to Sri Lanka in December 2017 to mark the 60th anniversary of diplomatic relations between the two countries, has agreed with his counterparts, to expand cooperation in fields such as trade and investment. He said a Free Trade Agreement (FTA) would be useful to expand bilateral trade and steps would be taken to explore its feasibility during his meetings with President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe.

Grand finale of CA Sri Lanka 53rd Annual Report Awards Competition

2017-12-06 lankabusinessonline
Commercial Bank of Ceylon PLC won the coveted ‘Cyril Gardiner Memorial Trophy’ Gold Award for Overall Excellence in Annual Financial Reporting at the grand finale of the 53rd Annual Report Awards Competition organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka).

Tower tax could result in exit of major foreign investors: operators

The implementation of the budget proposal to slap every cellular tower in the country with a levy of Rs.200,000 per month—payable by mobile operators—could result in the possible exit of the major foreign investors from the local telecommunication market, the industry warns. 

Aitken Spence bags Best Corporate Citizen Sustainability Award 2017

2017-11-29 lankabusinessonline
Nov 29, 2017 (LBO) – Aitken Spence won the coveted ‘Best Corporate Citizen Sustainability Award 2017’ an annual event organized by the Ceylon Chamber of Commerce, the country’s premier business chamber to recognize sustainable champions of the local corporate world.

‘Social War’ Budget: Sri Lanka’s Social Contract Under Siege

2017-11-14 colombotelegraph
Earlier this year, the country’s top economists and policy planners, current and previous, were gathered together to honor the country’s top development thinker and perhaps the finest Sri Lankan intellect alive, Dr. Godfrey Gunatilleke. The specific occasion was to launch a volume of his writings covering forty years. Described as ‘A Collection of Writings 1975-2015’ it is with excellent reason that the main title of the volume was ‘Towards a Sri Lankan Model of Development’.

Maithripala Declares War On Ravi K Using Lankaenews As Proxy

2017-11-08 colombotelegraph
President Maithripala Sirisena has taken steps to block the news website Another news website,, has claimed that the Telecommunications Regulatory Commission (TRC) has issued a directive to all internet service providers operating in Sri Lanka to block lankaenews following a court order.

SLT to make CCC a fully fibre optics enabled high rise building

2017-11-07 lankabusinessonline
Sri Lanka Telecom (SLT), Sri Lanka’s leading digital service provider recently signed an agreement to provide Fiber to the home (FTTH) infrastructure network facility, which is the world’s most reliable connectivity option for the Colombo City Centre (CCC) Property.

The Bond Robbery & Loss Of CB Reputation: Yahapālana Govt. Should Stop Playing Hide & Seek

2017-10-15 colombotelegraph
Immediately after the Treasury bond auction on 27 February 2015, the news of a massive impropriety that had taken place in the auction spread across the market like a wildfire. The news said that the Central Bank had offered to borrow Rs. 1 billion through a 30-year Treasury bond, but ended up in borrowing 10 times of that, amounting to Rs. 10 billion.

Related Articles

SGMO: Sangamo BioSciences and Research Report

2018-05-19 - Asif

OVERVIEW Sangamo BioSciences is a clinical stage biotechnology company focused on translating ground-breaking science into genomic therapies that transform patients’ lives using its industry-leading platform technologies in genome editing, gene therapy, gene regulation and cell therapy. Sangamo BioSciences is a leader in the research and development of zinc finger proteins, or ZFPs, a naturally occurring class of proteins found in humans. Sangamo BioSciences has used its knowledge and expertise to develop a proprietary technology platform in both genome editing and gene regulation. ZFPs can be engineered to make zinc finger nucleases, or ZFNs, proteins that can be used to specifically modify DNA sequences by adding or knocking out specific genes, or genome editing, and ZFP transcription factors or ZFP TFs, proteins that can be used to increase or decrease gene expression, or gene regulation. In the process of developing this platform, Sangamo BioSciences has accrued signific...

HMNY: Helios and Matheson Analytics and Research Report

2018-05-19 - Asif

Business Overview The company provide high quality information technology, or IT, services and solutions including a range of technology platforms focusing on big data, business intelligence, and consumer-centric technology. More recently, to provide greater value to stockholders, the Company has sought to expand its business primarily through acquisitions that leverage its capabilities and expertise. As of March 31, 2018, the Company owned 81.2%, and as of the date of this report the Company owns 91.8%, of the outstanding shares of MoviePass (excluding outstanding MoviePass options and warrants). MoviePass is the premiere movie theater subscription service in the United States which provides its subscribers the ability to view up to one new movie title per day for one monthly subscription price. The company's more than 2 million subscribers have access to see films in over 91% of U.S movie theaters. By the end of April 2018, the company implemented certain measures ...

BSTG: Biostage Analysis and Research Report

2018-05-17 - Asif

Overview Biostage is a biotechnology company developing bioengineered organ implants based on its novel CellframeTM technology. The company's Cellframe technology is comprised of a biocompatible scaffold that is seeded with the recipient’s own stem cells. This technology is being developed to treat life-threatening conditions of the esophagus, trachea or bronchus with the objective of dramatically improving the treatment paradigm for those patients. The company believe that its Cellframe technology will provide surgeons with new ways to address damage to the esophagus, bronchus, and trachea due to congenital abnormalities, cancer, infection or trauma. Products being developed based on its Cellframe technology for those indications are called CellspanTM products. The company announced favorable preliminary pre-clinical results of large-animal studies for the esophagus, trachea and bronchus in November 2015. Since then, the Cellspan esophageal implant product candidates hav...