NTB records 31% growth in pre-tax profits
Nations Trust Bank closed the financial year 31st December 2017 with a post-tax profit of Rs. 3,371Mn, up by 18% over the previous year with pre-tax p...
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Sri Lanka, emerging nations faces higher interest rates, tighter global credit: Mangala
Sri Lanka and emerging nations faces tighter credit conditions and higher interest rates, with policy rates in developed nations set to rise faster th...
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Private sector borrowed less in 2017
Private sector credit expands by Rs. 617 b in 2017 but lower than Rs. 756 b in 2016 CB expects status quo to pick up with private sector borrow...
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Ceylinco Life posts net profit of Rs. 6 bn
Sells 126,838 new life policies in the year reviewed Pays out Rs. 6.7 billion in net claims and benefits to policyholders Ceylinco Life has posted net...
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Remove apparel quota to India - Exporters
Sri Lanka Apparel Exporters Association Chairman Felix Fernando requested the Indian government to either improve the existing apparel quota system to...
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Sri Lanka national inflation slows to 5.4-pct in January
Inflation in Sri Lanka, as measured by the National Consumer Price Index (NCPI) slowed to 5.4 per cent in January 2018 from 7.3 per cent in December 2...
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CBSL opposes govt. move to set up hybrid company
Controversial National Payment Platform revived: Many an eyebrow has been raised by a government move to set up a hybrid company as part of the contro...
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Seylan Group ups after tax profit by 24% to Rs. 5 b
In the backdrop of challenging external environment, Seylan Group has reported a resilient performance by recording a profit after tax of Rs. 5.004 bi...
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Sri Lanka, UAE sign MoU on cooperation in labour sector facilitating recruitment of domestic workers
The United Arab Emirates (UAE) and Sri Lanka have signed a Memorandum of Understanding (MoU) to foster cooperation in the labour and manpower fields f...
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COMBANK sets new digital banking record with Rs. 663 b in transactions
A whopping Rs. 662.95 billion was transacted through digital banking channels alone, by customers of the Commercial Bank of Ceylon in 2017. This is t...
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‘Inflation at moderate level, foreign reserve to be above US$ 7 bn’
First Capital Research (FCR) believes inflation rate to moderate, foreign reserve position to be maintained above US$ 7 billion levels. FCR also expe...
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EPF, NSB, SLIC losses due to bond scams exceed Rs. 31 billion
The manipulation of the secondary bond market by Perpetual Treasuries caused three state institutions, Employees’ provident Fund (EPF,) Sri Lanka In...
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EPF gets zero returns from majority of private equity investments
EPF has invested Rs.10.8bn in 7 private equity investments up to 2014 Of that, Rs.9.3bn has not generated any returns to this date Only 2 inves...
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World’s top investment bank Lazard explores SL, works with MTI
Recognised as one of the world’s preeminent financial advisory and asset management firms, 170-year-old Lazard has shown interest in Sri Lanka, with...
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Singer revenue tops Rs. 51.5 billion despite tough business conditions
Singer (Sri Lanka) PLC announced its Group results for the year ended December 31, 2017. The results showed an increase in Group revenue of 9.8 % comp...
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IPS Highlights the Importance of Developing Skills in Sri Lankan Graduates
While Sri Lanka has been performing well at the primary education level, significant policy gaps exist when it comes to secondary and tertiary educati...
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Sri Lanka records highest-ever apparel exports
Sri Lanka recorded its highest-ever level of apparel exports during the year ended 31 December 2017, courtesy of the restoration of the Generalized Sy...
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Sri Lanka banking on 'wily old fox' Herath, says Chandimal
Chittagong (Bangladesh) (AFP) - Sri Lanka will bank on the guile of record-breaking left-arm spinner Rangana Herath as they try to extend their recent...
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Lanka Bell connects 50,000+ homes, businesses
Lanka Bell, Sri Lanka’s iconic telecom operator has achieved a significant milestone of reaching 50,000+ households and businesses with its fou...
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Sunshine Holdings invests Rs.9mn to partner with investment firm
Jan 25, 2018 (LBO) – Sunshine Holdings has invested 9 million rupees to partner with Strategic Business Innovator (Pvt) Ltd, an investment firm to b...
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Softlogic to raise Rs. 7 b including foreign equity investments up to $ 35 m
Softlogic Holdings PLC has come to an agreement with Samena Ceylon Holdings Ltd. to raise private equity in order to restructure the diversified blue ...
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PM asks Bohras to help hold investment conference in Mumbai
Colombo, Jan. 23 - Sri Lankan Prime Minister, Ranil Wickremesinghe has asked His Holiness, Syedna Aaliqadr Mufaddal Saifuddin, the 53rd Dai-Al-Mutlaq...
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Singapore and Sri Lanka sign free trade agreement
Singapore and Sri Lanka signed a free trade agreement on Tuesday (Jan 23) which will deepen economic ties and facilitates greater trade flows between ...
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