Costa Victoria, the Victoria class cruise ship operated by Italian Cruise company Costa Criciere, Europes, which is a leading cruise company in Venice, Italy, called at Colombo Port on 5th November 2019. It was given a warm welcome by the Tourist Information Centre officers of the Sri Lanka Tourism Promotion Bureau(SLTPB), where the visitors were…
The joint proposal made by the Prime Minister and the Minister of Finance to amend Direction No.01 of 2007 issued under the Banking Act, No.30 of 1988 in order to promote local shareholding in the field of banking and as well as to strengthen the capital adequacy requirement of the licensed Commercial Banks in Sri…
LSEG Technology, London Stock Exchange Group’s technology solutions provider, on Thursday (9) announced that Millennium Exchange has successfully been deployed as part of the go-live of the AAX digital asset exchange. Millennium Exchange’s low latency, resilient, and scalable matching engine provides market-leading performance and reliability. The deployment marks the first time Millennium Exchange has been…
Seamless connectivity between Canada and Sri Lanka SriLankan Airlines is taking a firm step towards further increasing travel connectivity between Sri Lanka and Canada. SriLankan Airlines commences codeshared non-stop services between Toronto and New Delhi with long standing partner Air India, providing seamless connections to Colombo, from 7th November 2019 onwards. Vipula Gunatilleka, Chief Executive…
The Bank’s Net Interest Income recorded an encouraging growth of 13.4% for the nine months ended 30th September 2019 over the figure reported for the corresponding period in 2018. Commendably, these results are despite slower growth in the loan book, increasing nonperforming loans and other external environmental factors that affected the business throughout the review…
Swiss Singapore Overseas Enterprises Private Limited has won a contract to supply coal to Lakvijaya power plant in Norocholai, Puttalam at 60.71 US dollars a ton. The Cabinet of Ministers approved the proposal presented by Minister of Power Energy to award Swiss Singapore Overseas Enterprises the contract to supply 50% of the power plant’s 2.25…
(Reuters) – Sri Lankan shares ended weaker on Thursday, falling for a fourth straight session to their two-week low, as investors booked profits ahead of the presidential vote on Nov. 16. ** The country’s main Tamil party on Thursday announced their support for Sajith Premadasa, the housing minister and one of the two presidential front-runners,…
The Sri Lankan multinational Haycarb PLC reported revenue of Rs. 11.3 billion and profit before tax of Rs. 844.9 million for the for the six months ending 30th September 2019. The profit after tax stood at Rs. 656.7 million. Haycarb PLC Managing Director Mr. Rajitha Kariyawasan said, “The growth in turnover and profitability is attributable…
MUFG Bank, the commercial banking entity of Mitsubishi UFJ Financial Group, has awarded scholarships to 17 undergraduates from the University of Colombo. The scholarships, worth US$5,100 each, were awarded to students by Masaru Enomoto, Resident Representative of MUFG’s Colombo Representative Office on behalf of the Mitsubishi UFJ Foundation. These scholarships will cover their school fees…
Group: Revenue down 2% to AED 53.3 billion (US$ 14.5 billion), and profit of AED 1.2 billion (US$ 320 million), up 8%. Results impacted by Dubai International Airport (DXB) runway closure, decline in fuel cost, unfavourable currency movements, and bankruptcy of Thomas Cook. Emirates: Revenue down 3% to AED 47.3 billion (US$ 12.9 billion), and profit increase…
Video Story
