Hatton National Bank PLC (HNB) continued to demonstrate resilience, reporting a profit before tax of Rs 8.3 Bn and a profit after tax (PAT) of Rs 4.8 Bn for the first half of 2019. The group PAT for the period was Rs 5.1 Bn. The Bank’s robust business model coupled with prudent asset and…
The proposal made by the Minister of Agriculture, Rural Economic Affairs, Irrigation and Fisheries & Aquatic Resources Development, to obtain covering approval to procure 30,000 Urea (Granular) at US$ 315.80 per MT from M/s Agrifert Liven International Pte. Ltd., and 20,000 MTs of Muriate of Potash at US$ 343.10 per MT from M/s Swiss Singapore…
It has been identified that there exists the need for the import of 80,000 MT of maize for animal food production as a result of the production in 2019 being insufficient. As such, the proposal made by the Minister of Agriculture, Rural Economic Affairs, Irrigation and Fisheries & Aquatic Resources Development firstly, for the National…
As a presidential election is to be held towards the end of the year 2019, the proposal made by the Minister of Finance to prepare a Vote on Account incorporating the expenditure of the Government needed by the Government for the first 04 months of the year 2020 and to present it in Parliament for…
The proposal made by the Minister of Finance to present the Finance (Draft) Bill in Parliament to amend the Finance Act, No.35 of 2018 to give effect to the amendments including the revenue proposals in the Budget for the amendment of the definition of ‘Specified Motor Vehicle’ for applicability of the luxury tax on motor…
(Reuters) – Sri Lankan shares closed marginally higher on Tuesday, easing from early gains of 1.2%, after the main opposition party named a hardline former defence chief as presidential candidate, seeking to capitalise on public clamour for a decisive leader. ** The rupee ended slightly weaker on importer greenback demand. ** The benchmark stock index…
Harry Jayawardena, Chairman of Browns Beach hotel PLC Urges policy makers to ensure a healthy balance of payments scenario through careful fiscal measurement, fiscal planning and policy making, and the management of interest rates and Rupee devaluation. “The year ahead is likely to be an extremely challenging one for the industry, we will continue apace…
Positions itself as 11th Best Listed Company in Sri Lanka LMD’s ‘The 100 Club’ honoured Singer Sri Lanka PLC by ranking the retail giant as the sector leader in trading segment recently. Celebrating a legacy built on consistent vision, quality product and brand promise delivery and enhancing overall customer experience, Singer also managed to secure…
SLT Group announced its financial results for the first half of the year 2019 with a remarkable growth of 42% YoY in Operating Profit to reach Rs. 4.5 Bn. The growth momentum was driven by better management of costs and increase of revenue by 7.9% YoY to Rs. 42.6 Bn with significant contributions from its…
Leading Sri Lankan Life Insurer, Janashakthi Insurance PLC (Janashakthi), recorded impressive year on year growth of 20%in Gross Written Premium (GWP) for the six months ended 30th June 2019, ending the period with a GWP of Rs. 1.74 billion. The Company illustrated its commitment to policyholders, paying out Rs. 899.35 million in Net Benefits and…
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