PBT up 54.8% to Rs 5.8 billion on net income of Rs 22.8 billion Net premium income grows 5.5% to Rs 13.3 billion Life Fund increases by 4.8% to Rs 92.3 billion Ceylinco Life has posted robust income and profit growth for the nine months ending 30th September 2019, continuing the Company’s sector-leading performance into…
Standard Chartered Bank (SCB), in a note to investors, said that the new government will have 4-5 years to tackle the twin challenges of boosting growth and improving debt sustainability. “We expect GDP growth of 2.6% in 2019, and a wide fiscal deficit of 5.9% of GDP, with risks of slippage. Government debt will remain…
(Reuters) – Sri Lankan shares jumped to their highest in more than a year in heavy volume, while the rupee rose to a two-and-half month high on Monday, after former wartime defence chief Gotabaya Rajapaksa won the presidency by a big margin. ** Rajapaksa made national security his top priority after being sworn in on…
The Monetary Policy Review: No.7 -2019 will be announced on Friday, 29 November 2017 at 7.30 a.m. Issuing a statement last Friday (15), the Central Bank of Sri Lanka noted that The Monetary Policy Review: No. 7 – 2019, which was previously scheduled to be announced on 15 November 2019, has been rescheduled to Friday,…
The Colombo Stock Exchange today (18) recorded its highest All Share Price Index (ASPI) for this year, following the election victory of Gotabaya Rajapaksa as the new President. The All Share Price Index rose 106.54 points (1.77%) to 6,129.56 and the S&P SL20 of more liquid stocks closed 2.30% or 68.56 points at 3,055.08. The daily…
On 26th September 2019, the Ministry of Sports declared eSports as a national sport, making Sri Lanka the first South Asian country to officially recognise competitive playing of video games as a sport. Competitive video gaming has been steadily gaining popularity in Sri Lanka with gamers from around the country participating in different competitions held…
Speaking at the AEC Business Forum 2019 recently in Bangkok, James Wu, Huawei Southeast Asia President, called for joint efforts across countries and industries to speed up digitalization in ASEAN, and seize the opportunities offered by 5G, Cloud and AI. “2020 of ASEAN will mark an important milestone in the ICT history, as it will…
Total Operating Income grows by 5% to LKR 16.5 billion Taxes and levies to government, accounts for LKR 3.5 billion which is 58% of operating profit Economic conditions, migration to SLFRS 9 push up impairment charges by 11% Subdued economic conditions which prevailed in the country affected many key economic sectors impacting the financial performance…
The Colombo All Share Index rose 104 points (1.74%) to 6.127.98 in the first 15 minutes of the day of trading in a broad base rally while Sri Lanka rupee opened stronger at 179.60/75. The All Share Price Index closed at 6,023.02 points on Friday (15). Meanwhile, daily turnover crossed Rs. 500 million mark in the first 15…
According to the latest external trade data released by the Central Bank, country’s trade deficit had widened in September 2019 (year-on-year), with the decline in earnings from exports exceeding the decline in expenditure on imports. Nevertheless, the trade deficit remained significantly low in the first nine months of 2019 over the same period of last…
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