PBT grows to Rs.400Mn from R.211Mn Having recently declared its inaugural dividend of seven cents per share, Amãna Bank continued to showcase strong performance in terms of profitability, as it closed the first six months of 2018 by recording a Profit Before Tax of over Rs 400 million, which almost doubled from Rs 210.8 million…
Sri Lankan entrepreneurs have expressed their interest to invest more in different sectors of Bangladesh since there is an investment-friendly environment. They came up with their interest while a business delegation of the Sri Lanka Bangladesh Chamber of Commerce and Industry, led by Sri Lankan high commissioner in Dhaka Crisanthe De Silva, met Bangladesh Investment…
The session titled “Turnaround; Shifting Gear from Slow to Fast Track” which is to be held at Cinnamon Grand on 13th September from 11.30am to 1pm, at the Economic Summit 2018, will focus on game-changers for Sri Lanka. The session will explore the ways in which Sri Lanka’s future is shaping, and what institutional reforms…
Chandrin Fernando, former CIMA Sri Lanka Board Member received the prestigious Chairmanship appointment for CIMA’s Middle East, South Asia and North Africa (MESANA) Regional Board recently. Fernando will oversee the MESANA Regional Board comprising 28 countries. Previously, he held the post of Vice Chairman of MESANA. Fernando’s service history within CIMA is an illustrious one…
Reuters – Sri Lankan shares closed flat on Monday after gaining for two straight sessions on mild profit-booking as investors awaited fresh triggers amid thin trading, brokers said. Sri Lanka’s central bank left its key policy rates unchanged as expected on Friday and said the decision backed its goals for stabilising inflation and fostering sustainable…
Fitch Ratings-Colombo-06 August 2018: Fitch Ratings has affirmed Sri Lanka-based retailer Abans PLC’s (Abans) National Long-Term Rating at ‘BBB+(lka)’ with a Stable Outlook. A full list of rating action is at the end of this commentary. The affirmation reflects Fitch’s view that Abans will continue to make meaningful progress towards improving its net leverage, defined…
Individuals from USA, Netherlands, UK, Singapore, Bangladesh, Philippines and India will share their start-up experiences and insights Disrupt Asia 2018, Sri Lanka’s Premier Start-up Conference and Innovation Festival, is set to feature several top international and local experts in entrepreneurship, policy, innovation and startups during the Conference to be held from 3.30pm to midnight on…
With the recent announcement that the much-anticipated Colombo Light Rail Transit (LRT) project is all set to proceed with Phase 1 following the green light from government ministries, there has been widespread speculation on its effect on the price of property within close proximity to the line. Taking into consideration various factors and an accumulation…
The corporate community is less than impressed by prospects for the national economy The number of tourist arrivals to Sri Lanka reached almost 1.2 million in the first half of 2018, which corresponds to a healthy growth of 15.3 percent year on year. The largest source markets for travellers to Sri Lanka were India, China…
Sampath Bank’s Group pretax profit for the first half of the year exceeded Rs 10.3 Bn (28.2% growth) while Sampath Bank recorded a pre-tax profit of Rs 9.9 Bn for the same period. This registered a YoY growth of 28.1% in comparison to the first half of 2017. Profit after tax of the Bank too…
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