Still no word on who bought the $18.7 million hypercar, but you can see it up close in Pebble Beach next week. Serious car collectors know that Pebble Beach Concours d’Elegance, the industry’s most prestigious show, is where you go if you want to see the world’s rarest automobiles. And because of that, there…
Central Bank Governor Dr. Indrajit Coomaraswamy noted that the government will soon issue Request for Proposals to raise $500 million via Samurai bonds, which will be used to boost reserves and finance debt repayment. “We are about to call for RFPs for the $ 500 million Samurai bond. For that, the tender board has to…
Sri Lanka’s High Commissioner to India Austin Fernando requested the Andhra Pradesh State Government to support and facilitate the expansion of Sri Lanka’s investment “Brandix Apparel City” located in Vishakhapatnam, and liaise with Sri Lanka to develop tourism both ways. The High Commissioner made these requests when he called on the Governor of Andhra Pradesh…
The Asian Development Bank (ADB) has approved a $160 million loan to modernize the operations and improve the efficiency of Sri Lanka Railways, the country’s railway operator, by upgrading its infrastructure and technical capacity. This is ADB’s first loan in Sri Lanka’s railway sector. “There is a need to improve public transportation in Sri Lanka…
(Reuters) – Sri Lankan shares closed weaker on Thursday as investors locked in profits after the recent rally in financial and industrial stocks, while the rupee edged down on importer dollar demand. ** The benchmark stock index ended down 0.54% at 5,917.15, from its highest close since July 30. The index posted gains of 0.82%…
The Monetary Board of the Central Bank of Sri Lanka, acting in terms of the Regulations made under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance, has decided to extend the suspension of business and activities of the Primary Dealer Unit of Pan Asia Banking Corporation PLC (PABC) for a period…
The first Sri Lankan hospital chain to offer laboratory services overseas The facility offers a test menu of over 3,000 investigations for Seychelles nationals Mobile app to access and maintain patient records Hemas Hospitals, the first and only hospital chain in Sri Lanka to have been accredited by the Australian Council on Healthcare Standards…
6-month gross income grows by 13.31% to Rs 73.587 billion Pays Rs 7.282 billion as taxes for 1H 2019; effective tax rate of over 52% Q2 earnings per share increase by 10.1% over Q1 The Commercial Bank Group has reported operating profit before impairment charges and taxes of Rs 19.476 billion for the first…
Obtaining the ownership of the domain name www.ceylontea.com is an important milestone that the Sri Lanka Tea Board achieved recently prior to this domain name www.ceylontea.com was fully owned by the multinational giant Lotte Group of Companies from South Korea. The financial value of an important domain such as www.ceylontea.com is immeasurable in today’s business environment and also for Sri…
· Pre-tax profitability boosted by sound net interest income a growth of 27% · Contributes LKR 2.8 Bn in taxes, driving post tax profitability to LKR 2.2 Bn – down by 15% · Loans and advances to customers grew by 5% to LKR 372 Bn, whilst total assets crossed LKR 490 Bn National Development Bank…
Video Story
