Posts Group PAT of Rs 15 Bn Total taxes of Rs8 Bn including DRL Rs 2.8 Bn Best capitalized among peers Steady progress in Transformation HNB PLC weathered external headwinds in 2019 to post Rs 15 Bn in Group Profit After Taxes (PAT) and Rs 14 Bn in Bank PAT and remains the best capitalized…
Sri Lanka stock saw declines on Tuesday (25) following an overnight plunge on Wall Street as fears of the economic impact from the coronavirus outbreak spread. In equities, Colombo’s All Share Price Index (ASPI) fell 66.37 points to close at 5,730.93 and S&P SL20 index of more liquid stocks fell 1.44% or 39.91 points to…
The Embassy of Sri Lanka in coordination with the Sri Lanka Tourism Promotion Bureau (SLTPB) organized Sri Lanka’s participation at the 26th International Mediterranean Tourism Market (IMTM) 2020 which was held at the Expo Tel Aviv International Convention Centre in Tel Aviv, Israel from 11th -12th February 2020. The IMTM is the largest professional tourism…
BBC – Global financial markets saw some of the sharpest falls in years on Monday after a rise in coronavirus cases renewed fears about economic slowdown. In the US, the Dow Jones and S&P 500 posted their sharpest daily declines since 2018, with the Dow falling 3.5% or more than 1,000 points. The S&P 500…
The Lankan Angel Network (LAN) today announced that it has signed a landmark grant agreement with the Ford Foundation to catalyze the growth of Sri Lanka’s startup ecosystem. The grant of USD 300,000 is the first of its kind for the Ford Foundation in Sri Lanka and will be utilized to reach entrepreneurs across multiple…
Headline inflation as measured by the year on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 increased to 7.6% in January 2020 from 6.2% in December 2019. This was driven by monthly increase of prices of items in both Food and Non-food categories. Food inflation (Y-o-Y) increased substantially from 8.6% in December 2019…
The Monetary Board of the Central Bank of Sri Lanka decided to discontinue the compilation and publication of SLIBOR with effect from 01 July 2020. This decision was taken in consideration of the lack of usage of SLIBOR in benchmarking loan products in the domestic financial market, the global trend of phasing out the compilation and publication of…
Despite receiving threats from Corona Virus to the globally travel community, Sri Lanka Tourism’s Visiting Blogger Program kicked off promotions aggressively for the year 2020, by welcoming 27 high profile International Travel Bloggers, Travel Influencers together with their content supporters to experience “What is So Sri Lanka “and to endorse the island as one of…
In the backdrop of challenging external environment, Seylan Bank recorded a profit after tax of Rs.3.68 Bn for the year ended 31st December 2019. Successful and oversubscribed Rights Issue made during the last quarter for LKR 4.30 Bn which followed a similarly successful debenture issue earlier in the year endorsed and demonstrated the confidence placed…
Ellipse Projects SAS France has been entrusted with the installation of 23 priority bridges in various parts of the island. This company will be supplying and fixing 23 priority bridges in selected areas with the objective of minimizing traffic congestion, highway accidents, as well as escalating vehicle monitoring costs. M/s Ellipse Projects SAS establishment in…
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