The Securities and Exchange Commission (SEC), the regulator of the Colombo Stock Exchange (CSE) has invited the heads of stockbroking firms for a meeting on February 25. The gathering scheduled to be held tomorrow (20), has been postponed until February 25. The meeting will be with the newly appointed SEC Chairman Viraj Dayaratne PC and…
Retains leadership of life insurance sector for 16th consecutive year with premium income of Rs 18.7 billion Ceylinco Life has ended 2019 on a characteristically strong note, with consolidated income of Rs 32.1 billion for the 12 months ending 31st December 2019, reflecting top line growth of 9.9 per cent. The life insurance frontrunner has…
As a leading player in the consumer goods industry, Cargills (Ceylon) PLC is hopeful that the state, under new political direction, will invest in more agricultural import substitution strategies in order to further support domestic production. Nonetheless, the Group will continue to focus on building brands, growing markets and market share as the company strive…
Deutsche Bank on Tuesday (18) announced it is investing in Sri Lanka and launching a major push into the corporate client market, with the rollout of a new digitally-enhanced foreign exchange (FX) platform. The rollout marks the bank’s first step in introducing a comprehensive suite of digital FX solutions for our corporate clients in Sri…
Pan Asia Banking Corporation PLC, “the Truly Sri Lankan Bank” ended 2019 Q4 with its best financial results ever, to report a Post Tax Profit of Rs.726.84 million during the final quarter, recording an impressive growth of 58% demonstrating its resilience amidst challenging conditions. Meanwhile, the Bank‟s operating profit before all taxes for the quarter…
• Net interest income up by 20% YoY • Net fee and commission income up by 25% YoY • Total assets crossed LKR 500 Bn mark to reach LKR 530 Bn -up by 12% YoY • Gross Loans and advances up by 16% to LKR 409 Bn • Customer Deposits up by 17% to LKR…
Sri Lankans can now open a securities account instantly with their Stock broker under a new decentralization program by the Central Depository Systems (CDS) eliminating the need to forward application forms and connected documents to CDS and wait for the CDS to open the account and confirm to the stock Broker and for the stock…
Sri Lanka’s tourism sector earnings were provisionally estimated at US dollars 3,592 million during 2019, compared to US dollars 4,381 million during the corresponding period of 2018, latest External Sector Performance report of the Central Bank of Sri Lanka outlines. Earnings from tourism were provisionally estimated at US dollars 454 million in December 2019, in…
– Kickstarts its journey with final roll out of the locally assembled KUV100 NXT K6+ from its MILPL plant in Welipenna. – Cements its commitment to strengthen its brand presence in Sri Lanka expanding its offering in passenger vehicle segment. – Open Doors for sale island wide with the opening of the 1st exclusive showroom…
According to J. B. Securities monthly review, Sri Lanka vehicle registrations picked up in January 2020, in comparison to December 2019 in most categories. Total car registrations recorded 2,536 units (N 349, P 2,187) in Jan up from 2,057 units in Dec but down from 3,147 units 12 months ago. New car registrations recorded 349…
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