SLPA posts Rs 13.2bn profit in 2017, becomes 13th best port
Sri Lanka Ports Authority (SLPA) during the corresponding period of 2017 had earned a record net profit of Rs. 13.2 billion and became the 13th best c...
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CPC re-enters local bitumen market
Recognising the rapid growth in the local construction industry and increased demand for bitumen, the Ceylon Petroleum Corporation (CPC) yesterday re-...
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Trump threatens tariffs on additional $200bn in Chinese imports
US President Donald Trump has threatened to levy a 10% tariff on $200bn (£151bn) of Chinese goods in a tit-for-tat trade row with Beijing. “China ...
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Big gains for Sri Lanka from faster trade transport times: ADB
South Asian countries like Sri Lanka could make significant economic gains by improving international transport times, according to a new study by the...
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Tourism targets US$ 4 bn revenue
Sri Lanka to attract 2.5 mn arrivals for 2018 Sri Lanka Tourism is aiming for all time record revenue of US$ 4 billion from the industry for 201...
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CB Chief cracks whip to discipline forex market
Central Bank Governor Dr. Indrajit Coomaraswamy yesterday gave assurances of a well-managed rupee, insisting the monetary authority would block unwarr...
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SL's non-financial assets at Rs.814B
The Ministry of Finance says the total worth of nonmonetary assets in the government amounts to 814 billion rupees. Issuing a statement the Finance...
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New regulations for microfinance: Mangala
New regulations to be published on 22 June Govt. to absorb interest of microfinance loans below Rs. 150, 000 as relief measure Minister slam...
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‘More Qatar investors eye Sri Lanka’
Doha Bank Group opens Colombo office. Sri Lanka’s economy is stable and many investor’s are keen on starting businesses in Sri Lanka, Doha Bank ...
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Monetary Law to be amended to suit inflation targeting
Amendments to the Monetary Law Act (MLA) is to be present to Parliament next year to suit the Flexible Inflation Targeting (FIT) frame-work with the a...
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SL seeks $500 mn apparel trade deal with India
Sri Lanka is hoping to convince India to remove the existing quota system for the apparel industry and instead requesting a US$500 million worth trade...
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Lankan banks sit on Rs.19bn capital hole as sector braces for BASEL III
The Sri Lankan banks satisfy many of the key matrices such as growth, profits, efficiency and asset quality against most regional peers but the sect...
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HNB Assurance Group delivers notable financial results for Q1 2018; PAT up
HNB Assurance Group delivered a notable financial performance, reporting a Profit After Tax (PAT) of LKR 699 MN for Q1 2018 reflecting a steady growth...
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INSURANCE INDUSTRY ACTS FAST; DEPLOYS LOSS ADJUSTERS
National Insurance Trust Fund provides Rs 40m for flood relief The National Insurance Trust Fund Board (NITF) has released Rs. 40 million to provide ...
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Ceylinco Insurance announces ‘record’ 315 percent dividend
Ceylinco Insurance PLC, announced an incomparable dividend of Rs.31/50 per share to its shareholders for the year 2017, which constitutes aÂ...
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Aitken Spence ups FY18 pre-tax profit by 22% to record Rs. 6.4 b
Aitken Spence Plc recorded a steady financial performance for the 12 months ending 31 March 2018 with a 22% year-on-year growth in profit-before-tax f...
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Hayleys first listed firm to cross $1b turnover
Building on a strong momentum gathered over the final quarter of FY 2017/18, Sri Lanka’s leading diversified conglomerate Hayleys PLC announced a re...
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National Export Strategy for Cabinet nod soon - Malwatte
Export target for 2018 scaled up to US$ 17.8 bn Measures to increase exports by 15% annually Sri Lanka’s exports in 2017 has grown by 15% to U...
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Hackers transfer US$13 mn from businessmen via emails: CERT
The Computer Emergency Readiness Team | Co-ordination Centre (CERT|CC) said yesterday they had received complaints about fraudsters hacking into email...
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Business confidence falls to a 70-month low
The latest edition of business magazine LMD reports a decline of 19 basis points in the LMD-Nielsen Business Confidence Index (BCI). It fell to 98 in ...
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Scam causes Rs. 10 m loss at CPSTL, Arjuna to probe
An alleged scam has caused a loss of Rs. 10 million at the Ceylon Petroleum Storage Terminal (CPSTL) on the day fuel prices were hiked, prompting Mini...
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Singer revenue in 1Q up 13% to Rs. 13.6 b despite challenging environment
Singer (Sri Lanka) Plc yesterday announced a 13% increase in revenue to Rs. 13.6 billion in the first quarter of 2018 in spite of challenging business...
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Facebook to empower entrepreneurs in SL
Facebook’s global ‘Boost Your Business’ program is now available for the youth and entrepreneurs of Sri Lanka. Recognizing the potential of the ...
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