~ Financing Income up by 21% Amãna Bank recorded a successful first quarter as it posted a Profit Before Tax of LKR 180.8 million and a Profit After Tax of LKR 126.6 million, despite challenging conditions that prevailed in the market. The Bank continued its growth momentum in core banking operations during the quarter, leveraging…
A well-known leading corporate personality in Sri Lanka Kishu Gomes has stepped down from his position as the chairman of the Sri Lanka Tourism Development Authority (SLTDA). Kishu who headed both, the Sri Lanka Tourism Promotion Bureau (SLTPB) and the Sri Lanka Tourism Development Authority (SLTDA) since February this year , has decided to resign from his position…
The Monetary Board of the Central Bank of Sri Lanka (CBSL) initiated a number of regulatory actions, as temporary measures, under the provisions of FBA, on The Finance Company PLC (TFC) with effect from 15th February 2019, with a view to safeguard the interests of the depositors and other stakeholders of the company. Regulatory measures…
Gross income grows by 12.86% to Rs 35.501 billion Pays Rs 3.615 billion or 53.13% of operating profit as taxes Economic slowdown, migration to SLFRS 9 push up impairment charges by 68.37% The Commercial Bank Group comprising of the Commercial Bank of Ceylon PLC, its subsidiaries and associates, has reported gross income of Rs…
Sri Lanka’s President Maithripala Sirisena as the Defence Minister had issued a Gazette Extraordinary to prohibit the navigation of any unmanned aircraft (UAV) or any drone over Sri Lanka from 13th May 2019, government’s extraordinary gazette highlights. The Gazette has been issued under the provisions of Civil Aviation Act No. 14 of 2010. The Civil Aviation…
LONDON, (Reuters) – Sri Lanka’s dollar bonds fell on Tuesday in the wake of the worst outbreak of sectarian violence since the Easter bombings by Islamist militants. The government’s 2025 bond shed 1 cents to reach its lowest since late January, while the 2027 issue lost 0.6 cents, according to Refinitiv data. Sri Lankan shares…
Nearly US $ 4 Mn amounting to Rs. 750 Mn of the investment from DFCC and HNB as a two loans LVL Energy Fund PLC in a disclosure to Colombo Stock Exchange (CSE) recently said that on 8th May 2019 the company remitted to Bangladesh US $ 8 million in respect of its investments…
The Bank’s performance during the quarter ending 31st March 2019 reflected a continuation of the issues witnessed in the previous few quarters with increasing non-performing loans and moderation of credit growth. The increased credit cost arising from both higher NPLs and policy changes relating to SLFRS 9 impairment provisioning added further pressure to the results…
Reuters – Sri Lankan shares slumped 1.6% on Tuesday, extending their falls into a ninth session and closing at their lowest in more than six-and-a-half years, while the rupee slipped for a fourth day in dull trade, as sectarian violence drove off investors. ** One person was killed in Sri Lanka on Monday as police…
Dialog Axiata PLC announced, Tuesday 14th May 2019, its consolidated financial results for the three months ended 31st March 2019. Financial results included those of Dialog Axiata PLC (the “Company”) and of the Dialog Axiata Group (the “Group”). The Group continued its growth momentum across all key business segments, namely, Mobile, International, Tele-infrastructure, Digital Pay…
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