• Group PAT Rs 5 Bn • Bank Cost to Income 36.3% • CASA Growth of 10% in 3 months HNB posted a strong start to 2018 with first quarter PAT growing by 22.5% to Rs 4.5 Bn, while the Group reported a PAT of Rs 5 Bn which is a 24% growth from last…
The Port City Colombo is the largest single foreign direct investment in Sri Lanka. The extent of the public parks at Port City Colombo is 9 times the size of Galle Face Green while the project will develop 45 Hectares of parks and 13 Hectares of beaches accessible to the public. Watch the video…
Sri Lankan government’s expenditure on refined petroleum imports had increased in recent months whilst fuel imports had been on a declining trend. The recent External Sector performance data from the Central Bank of Sri Lanka (CBSL) showed that the non-importation of crude oil due to the closure of the refinery for maintenance purposes and lower…
Sri Lanka’s trade deficit had exceeded to US $ 1 billion in February 2018 for the 3rd consecutive month, the recent Central Bank’s (CBSL) report on External sector performance said. The report notes that a surge in gold imports was the primary driver behind the fastest increase in overall merchandise imports in nearly 3 1/2 years,…
Reuters – Sri Lankan shares ended at a near five-week low on Monday, led by industrial shares such as John Keells Holdings, while foreign outflows and the recent fuel price hike weighed on sentiment, stockbrokers said. State-run fuel retailer Ceylon Petroleum Corp (CPC) raised retail prices for gasoline and diesel on Thursday midnight in response…
The Sri Lankan rupee had depreciated by 3.2% against the US Dollar during the year 2018 so far up to 11th May 2018, the latest update on External Sector by Central Bank of Sri Lanka (CBSL) showed. Furthermore, reflecting cross currency movements, the rupee had also depreciated against other major currencies except for the Australian…
Innovation has become the buzzword of the decade across the world. Understanding truly what it stands for and putting a metric behind it may seem an arduous task. But, the Global Innovation Index (GII) does just that.It produces a comprehensive broad-based model of measuring innovation that captures its complex nature in both developed and emerging…
Dialog Axiata PLC announced, Friday 11th May 2018, its consolidated financial results for the three months ended 31st March 2018. Financial results included those of Dialog Axiata PLC (the “Company”) and of the Dialog Axiata Group (the “Group”). Dialog Group continued its growth momentum across all key business segments including Mobile, Tele- infrastructure, Digital Pay…
Discounts on Flights, Hotel Stays and Shopping set to give Indians more reasons to visit Sri Lanka Mastercard and the Sri Lanka Tourism Promotions Bureau (SLTPB) are offering exciting opportunities for Indian travellers to avail the convenience of cashless payments and attractive discounts on dining, shopping and staying in Sri Lanka. This is part of…
~ Free Entrance for Amana Bank customers Amãna Bank has once again joined hands with EXPO 2018 – Trade Fair and Exhibition as its Lead Banking Partner. Held for the 9th consecutive year, EXPO 2018 will take place on the 12 and 13 May 2018 at the Sri Lanka Exhibition and Conventional Centre (SLECC). Amãna…
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