Regular trading at the Colombo Stock Exchange (CSE) was temporarily halted for 30 minutes from 1.28 p.m 1.58 p.m today (23) as S&P SL20 index dropped by 5% during the trading session. S&P SL20 index fell by 147.53 points to 2,882.26 and the All Share Price Index (ASPI) also fell by 307.37 points to 7,290.14.
The All Share Price Index (ASPI), the primary index of the Colombo Stock Exchange (CSE) tracking the price movements of all shares listed on the exchange has remained in double digit year-to-date (YTD) returns territory for 25 consecutive market days, over a period of 5 weeks since the 15th of January 2021. YTD return indicates…
Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 decreased to 3.7 per cent in January 2021 from 4.6 per cent in December 2020. This was due to the statistical effect of the high base prevailed in January 2020. Meanwhile, Food inflation (Y-o-Y) decreased to 5.9 per…
Group PAT Rs 13.7Bn Total deposits grow by Rs 158 Bn CASA grows by Rs 99Bn recording a 35% increase NPA ratio improves to 4.3% Among the most liquid and best capitalized banks Supports economic revival through extensive financial support Hatton National Bank PLC (HNB) demonstrated resilience and an unwavering focus on sustainable business performance…
Premium income grows by 17.9% to Rs 22.1 billion Investment & other income up 11.3% to Rs 14.9 billion Total assets surpass Rs 150 billion milestone Retains market leadership in life insurance sector for 17th consecutive year Ceylinco Life has achieved consolidated income of Rs 36.98 billion for FY 2020, demonstrating the Company’s…
Sampath Bank PLC announced the appointment of veteran industrialist Vinod Kishore Hirdaramani as Non-Executive, Independent Director to its Board of Directors, with effect from 16th February 2021. Vinod Hirdaramani brings with him extensive management experience in the apparel and energy sectors. A member of the Hirdaramani Group’s Board of Directors since 1993, he oversees the functions…
The Embassy of Sri Lanka organized a webinar on Business and Investment Opportunities in Sri Lanka on 16 February 2021 in collaboration with the Israel — Sri Lanka Chamber of Commerce, the Israel – Asia Chamber of Commerce and the Board of Investment (BOI) of Sri Lanka. The aim of the webinar was to share…
The Monetary Board has issued Rules as published in the Gazette Extraordinary No. 2215/39 dated 18.02.2021 in respect of receipt of export proceeds into Sri Lanka and conversion of such export proceeds into Sri Lanka Rupees. Accordingly, following Rules are imposed with effect from 18 February 2021 until further notice. 1. Every exporter of goods…
Cashflows Support Rs28.8Bn in Investments and Rs18.8Bn towards GoSL Revenues • YTD Revenue Growth at +3%, EBITDA Growth at +9% and NPAT at +12% • Recommended Dividend: 50% of Earnings, 74 Cents per Share • Rs 6.0Bn in Direct Taxes, Fees and Levies to GoSL: (Further Rs 12.8Bn in Indirect Taxes Rs12.8Bn) • Rs 28.8…
Net Interest Income up by 11% despite absorbing loan modification losses in full Operating Profits up by 4% owing to excellence in core banking performance and improved operational efficiencies Profit before Tax reaches Rs. 2.84 billion, up by 23%, despite making prudential provision buffers to cope up with the Impact of COVID-19 All Key Profitability…
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