The fitness tracking company will join Google Google has just announced that it’s buying wearable company Fitbit for $2.1 billion. In a blog post announcing the news, Google SVP of devices and services Rick Osterloh said that the Fitbit purchase is “an opportunity to invest even more in Wear OS as well as introduce Made by Google…
Marking its milestone 25th year, Janashakthi Insurance PLC rang the ceremonial bell to commence trading at the Colombo Stock Exchange, Friday (01) in the presence of the Janashakthi Insurance Chairman, Prakash Schaffter, the Director / Chief Executive Officer, Jude Fernando, the Board of Directors and leadership team of Janashakthi Insurance PLC, as well as dignitaries…
Sri Lanka successfully completed the sixth review, enabling the next disbursement of supporting funds. Sustaining policy discipline remains critical to strengthen resilience and support strong and inclusive growth. Mobilizing revenue will be central to place public debt on a downward path while preserving space for social and investment spending. On November 1, 2019, the Executive…
Sri Lanka’s diversified conglomerate John Keells Holdings (JKH) said the underlying performance of the Consumer Foods, Retail, Leisure and Property industry groups continued its growth momentum from the first quarter despite the disruptions post the Easter Sunday terror attacks which occurred in April 2019. However, JKH said the group’s year-on-year performance for the quarter was impacted by the…
According to the latest monthly LMD-Nielsen Business Confidence index (BCI) survey a third of those consulted by Nielsen, for LMD’s publisher Media Services anticipates that the economy will improve over the next 12 months whereas 38% expect economic condition to worsen. “Due to the upcoming elections, we believe that the economy will continue to remain…
Moody’s Investors Service has affirmed the long-term/short-term local currency deposit ratings of Bank of Ceylon (BOC), Hatton National Bank Ltd. (HNB) and Sampath Bank PLC at B2/NP. At the same time, Moody’s has affirmed the long-term foreign currency issuer ratings and long-term/short-term foreign currency deposit ratings of these three banks at B2 and B3/NP respectively….
Improving export performance would help Sri Lanka to meet its heavy external debt service commitments, Fitch Ratings said on Thursday (31). Fitch says although Sri Lanka’s policy environment has improved after the resolution of last year’s political crisis and the recovery in tourism has been faster than expected following April’s bombings, country’s external debt service…
The Bank closed the nine months ending 30th September 2019 with a post-tax profit of Rs. 2,554 Mn, a marginal increase of 1% over the corresponding period last year. Growth in advances coupled with the rise in interest rates enabled interest income to grow by 16.77% and interest expenses increased by 22.28%. As a result,…
Sajith Premadasa, the housing minister and one of the presidential front-runners, announced his election manifesto on Thursday (31), promising new tax incentives in order to put the economy on a sound footing. “Today 83 cents out of every rupee of tax collected by the government comes from taxes on goods and services. This indirect taxation…
(Reuters) – Sri Lankan shares rose on Thursday to close at their highest in more than 13 weeks as investors took positions two weeks ahead of presidential polls, analysts said. ** Sajith Premadasa, the housing minister and one of the two presidential front-runners, announced his election manifesto, which is seen by analysts as a “broader…
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