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Softlogic Life Insurance was added to the S&P Sri Lanka 20 Index when an ad hoc index rebalancing occurred due to Commercial Leasing and Finance merging with LOLC Finance in March 2022. [11] Softlogic Life is one of the LMD 100 companies in Sri Lanka. The company was ranked 60th in the 2021/22 edition of the list.
Softlogic began as a software development company in 1991 by Ashok Pathirage and twelve employees. [4] The company later successfully obtained the Dell authorised distributorship in Sri Lanka. Softlogic ventured into the telecommunications sector with a partnership with Dialog Axiata offering corporate and individual Dialog GSM packages ...
On 16 September 2021, Lankem Ceylon submitted an application to the Securities and Exchange Commission of Sri Lanka with an offer price of LKR12.00 per share. [12] Lankem Ceylon was able to increase its stake in ACME Printing & Packaging to 88.27 per cent thus becoming the controlling shareholder of the company.
Inland Revenue Department imposed an LKR1.5 billion tax bill on Asiri Surgical Hospital, a subsidiary of Asiri Hospitals in 2016. Inland Revenue Department alleged that Asiri Surgical failed its agreement with the Board of Investment of Sri Lanka by not maintaining one ward with at least 10 beds and an outpatient unit for non-paying patients. [13]
Location of Sri Lanka. Sri Lanka is an island country located southeast of the Republic of India and northeast of the Maldives.According to the International Monetary Fund, Sri Lanka's GDP in terms of purchasing power parity is second only to the Maldives in the South Asian region in terms of per capita income.
It is based on market capitalisation. Weighting of shares is conducted in proportion to the issued ordinary capital of the listed companies, valued at current market price (i.e. market capitalisation). The base year is 1985, and the base value of the index is 100. This is the longest and the broadest measure of the Sri Lankan Stock market.
NH Collection Colombo, formerly known as Mövenpick Hotel Colombo, is a five-star luxury hotel in Colombo, Sri Lanka. The hotel is part of the hotel chain brand NH Collection from 2024 and is owned by the Sri Lankan conglomerate, Softlogic Holdings. The hotel was previously managed by Mövenpick Hotels & Resorts. It is the first hotel to be ...
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