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‘Airtel’s Fastest’ looking for speeds over 150 Kmph

The Buffer Free Data Network; Bharti Airtel Lanka (“Airtel”), is looking to ignite the cricketing landscape with an island wide hunt for Sri Lanka’s fastest bowler. ‘Airtel’s Fastest’ will commence on the 23rd of Feb and will be holding fast bowling auditions across the country; looking to finally unearth Sri Lanka’s fastest Amateur, School Boy…

(0)Comments | February 26, 2019 12:04 pm

Motor Car registrations up 17.9% in January 2019 against December 2018

Sri Lanka’s registration of vehicles in January 2019 in most categories had a rebound by witnessing a sharp decline in December 2018. Accordingly Motor car registrations alone had increased by 17.9% recording 3,147 units in January 2019 against 2,669 units in December 2018. However total units for the last 12 months had decreased from 5,318…

(0)Comments | February 26, 2019 11:09 am

LOLC Group’s assets cross Rs. 1 Trillion mark

Sustaining its unblemished track record in performance, the LOLC Group has crossed the trillion mark, with total assets reaching Rs. 1.008 trillion as at December 2018. This significant achievement is on account of the Group’s consistently resilient financial sector – both local and international – coupled with its strategic investments in non-financial sectors – Leisure,…

(0)Comments | February 26, 2019 10:41 am

HNB Group PAT Rs 19.1 Bn

PBT Rs 26.5 Bn Operating Profit Rs 33 Bn Tax charge Rs 14.2 Bn Cost to Income ratio improves by 400 bps     HNB Group recorded a Profit Before Tax of Rs 26.5 Bn and a Profit After Tax of Rs 19.1 Bn, posting a YoY growth of 14.6% and 14.4% respectively for the…

(0)Comments | February 26, 2019 10:32 am

Resus Energy to invest Rs.1.3 Bn in hydro and solar power projects

Establishing itself in 2003, Resus Energy PLC a forerunner in the renewable energy industry, has since been taking giant leaps with its investments and development in many projects across the island. While increasingly supporting the national effort to develop renewable energy resources in Sri Lanka, Resus Energy PLC is currently investing a staggering Rs. 1.3 Bn in a couple of hydropower…

(0)Comments | February 26, 2019 10:12 am

Frontier Capital launches Sri Lanka’s first AI ChatBot to cater US $ 8 Bn worth Tuk Tuk industry

Investment Banker turned Attorney and Double Qualified Accountant Nishan Sumanadeera pioneered first local investment bank to venture into AI products Mulls further investment to release more AI products to various industries including Banking, Finance, Insurance, Telecom, Tourism, Economic Analysis, Education Industry and Healthcare Sectors Willing to attract Seed Investors from Global AI (Artificial intelligence) based…

(0)Comments | February 26, 2019 10:10 am

CIC group sells stationary business under CIAL brand to Packsco

Sri Lanka’s one of the leading agriculture sector focused conglomerate, CIC Holdings PLC, has recently sold company’s stationary business, that operates under the ‘CIAL’ brand, to Packsco, an importer and distributor of pens, JK Copier photocopy paper and Nataraj products to Sri Lanka.   In a statement CIC Holdings Managing Director Samantha Ranatunga has said…

(0)Comments | February 26, 2019 10:06 am

Sri Lanka stocks, rupee fall; budget, IMF talks outcome awaited

Reuters – ** Sri Lankan shares and the rupee closed weaker on Monday, with investors awaiting cues from next week’s budget and the outcome of talks between government authorities and the IMF, market source said. ** The rupee ended at 179.70/80 per dollar, compared with Friday’s close of 179.40/80. ** Finance Minister Mangala Samaraweera will…

(0)Comments | February 26, 2019 10:03 am

JW Marriott Hotel & Residences Tower officially launched

Signals the beginning of Phase 2 of The One – Sri Lanka project Will house 256 contemporary hotel rooms, 206 residences and 200,150 sq.ft of banquet space   22nd February 2019 Colombo Sri Lanka:  The One Transworks Square officially launched Phase Two of its high end luxury development project with the launch of its second…

(0)Comments | February 25, 2019 6:13 pm

The Financial Action Task Force Endorsed the Progress Made by Sri Lanka

The Financial Action Task Force (FATF), the global policy setter on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT),   has made the initial determination that Sri Lanka has completed its action plan and warrants an on-site assessment to verify that the implementation of Sri Lanka’s AML/CFT reforms has begun and is being sustained, and…

(0)Comments | February 25, 2019 6:02 pm