The Sri Lanka Retailers’ Association (SLRA) recently signed a memorandum of understanding with the Ceylon Chamber of Commerce, for support in organizing and coordinating the Sri Lanka Retail Forum for the 2nd consecutive year. With last year’s Retail Forum seeing success in creating a platform for the Retail Industry to discuss challenges and explore new…
Reuters – Sri Lankan shares ended firmer on Tuesday, recovering from their lowest close in over five months hit in the previous session, led by diversified and financial stocks while foreign investor purchases boosted sentiment. Foreign investors bought net 182.9 million rupees ($1.16 million) worth of equities on Tuesday, but the market has witnessed a…
Ranked Most Loved Insurance Brand by Brand Finance Sri Lanka Insurance has declared a Life Insurance Bonus of Rs 6.8 billion for this year, recording the largest Life Insurance Bonus ever to be declared in the insurance industry. The company achieved this historic milestone by surpassing its own record of Rs 6.2 billion declared as…
Lanka Credit and Business Ltd (LCBL) a leading institution in down South of Sri Lanka acquired City Finance Corporation Ltd on 19th April 2018, after discussions and negotiations with Central Bank of Sri Lanka (CBSL). LCBL was gone through an in-depth evaluation by CBSL and made a correct assessment of the future Business plan of…
IFC, a member of the World Bank Group, today announced its foray into venture capital in Sri Lanka with a $2.5 million equity investment in PickMe, the local technology company that introduced ride-hailing services to the country. The investment will help the company expand across the island and increase access to affordable, safe, and efficient…
Sri Lanka’s most innovative bank, HNB announced a breakthrough partnership with popular retail department store, ODEL to lead the syndication of a Rs. 5.4 billion loan to fuel the expansion of its flagship store at Alexandra Place, Colombo 7. The syndicated loan, which will cover majority of the total cost of construction of the New…
Reuters – Sri Lankan shares ended weaker on Monday to hit their lowest close in more than five months as investors sold telecom and banking shares, while foreign buying curbed further decline. Foreign investors bought net 318.2 million rupees ($2.01 million) worth of equities on Monday, but the market has witnessed a year-to-date net foreign…
A recent study done by LankaPropertyWeb.com reveals the average residential land prices around Colombo and which areas the prices have gone up. In one of the most comprehensive studies done on land for sale asking prices (for-sale prices) around Colombo listed on their website, the suburbs of Nawala, Dehiwala and Rajagiriya have topped the list…
ATrad, the Sri Lanka-developed online stock broking platform, recently celebrated the milestone achievement of 85 per cent deployment among stock broking firms operating at the Colombo Stock Exchange (CSE). The celebratory event organised for the management of leading stock broking firms was graced by the Prime Minister Hon. Ranil Wickramasinghe and was attended by stock…
Building on strong momentum in Q3, Expolanka posted a 23.7% Year-on-Year (YoY) expansion in Company revenue up to Rs. 18.7 billion in Q4, enabling substantial improvements in group turnover for the financial year, which increased by 22% YoY up to Rs. 77.5 billion. As in previous quarters, Expolanka’s topline growth in Q4 was primarily driven…
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