By Natalie Soysa Large enterprises engaging in CSR activities may be commonplace, but its ability to empower lives is incomparable. Some of the biggest brands in the world have opted to re-visit what CSR means, changing the corporate responsibility game altogether. In America, Google CEO Sundar Pichai opted to stand up for “what’s right” through…
Financial stability is a necessary condition for achieving prosperity and sustainable growth in the country the Governor of the Central bank of Sri Lanka Dr. Indrajit Coomaraswamy said yesterday. He also pointed out that constructive and effective relationships between the prudent supervisors and audit regulators can enhance financial sector supervisions Speaking at the 12th International…
Reuters – Sri Lankan shares ended higher for a third straight day on Tuesday on hopes of political stability after the prime minister decided to stay in office and reshuffle his cabinet in the wake of a stinging loss in local elections for both parties in the ruling coalition. The coalition parties held a cabinet…
~ Operating Profit crosses Rs 1 billion Amãna Bank completed a successful 2017 by achieving a Profit After Tax of Rs 502.8 million, reflecting a remarkable YoY growth from Rs 40.6 million in 2016. Profit Before Tax for the same period showcased a 619% growth to read at Rs 739.3 million. The Bank’s Financing Income…
Becoming probably the only bank in Sri Lanka to reach this milestone within 30 years Sampath Bank posted a Profit After Tax (PAT) of Rs 12.1 Bn for the year ended 31st December 2017, an impressive 32.7% YoY growth compared to Rs 9.1 Bn recorded in the previous year. Similarly, Profit Before Tax (PBT)…
Reuters – Sri Lankan shares ended steady on Monday in thin trade amid political uncertainty after both parties in the ruling coalition suffered defeats in a local election earlier this month. Turnover stood at 288.4 million rupees ($1.9 million), well below the daily average of 849.7 million rupees. The Colombo stock index ended 0.03 percent…
In the backdrop of challenging external environment, Seylan group reported a resilient performance by recording a Profit after Tax of Rs. 5,004 Million for the year ended 31st December 2017, which is the highest profit reported in its history. Seylan Bank also continued its growth momentum by achieving a profit after tax of Rs. 4,430…
Throughout the centuries, a plethora of cultural and social taboos have been associated with menstruating girls and women, as well as menstrual health. In many parts of the world, women are still not allowed to leave the confines of their homes while menstruating. While menstrual hygiene and menstruation related concerns are relevant to more than…
The Government of Sri Lanka had obtained ADB Financial assistance of USD 100 million in 2016 to finance the Small and Medium-Sized Enterprises (SME) Line of Credit Project. The objective of the project was to strengthen the SME sector in Sri Lanka by facilitating access to finance and expand the employment opportunities in the sector….
Connecting the dots between peace of mind, life in the city and liveable space, John Keells Properties announced the launch of ‘TRI-ZEN’, a new residential property on Union Place. These smart living spaces in the heart of Colombo are for women and men on the go in the city; a stone’s throw from its many…
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