Partners with the Information and Communication Technology Agency (ICTA) of Sri Lanka to empower 10,000 SMBs by the close of 2018 Facebook’s global ‘Boost Your Business’ program is now available for the youth and entrepreneurs of Sri Lanka. Recognizing the potential of the country’s small business owners, Facebook has partnered with the Information and Communication…
Commercial Bank of Ceylon PLC has reported profit before VAT and NBT of Rs 7.677 billion and profit before tax of Rs 6.337 billion for the first quarter of 2018, with growth of 21.07% and 21.36% respectively signalling an exceptionally strong start to the financial year 2018. Gross income for the three months ending 31st…
The Sri Lankan multinational Haycarb PLC reported revenue of Rs. 15.5 billion, profit before tax of Rs. 926 million and profit after tax of Rs. 774 million for financial year 2017/18. The earnings per share of equity holders of the company was Rs. 22.63 for the year. The Chairman of Haycarb PLC and its parent…
• Group PAT Rs 5 Bn • Bank Cost to Income 36.3% • CASA Growth of 10% in 3 months HNB posted a strong start to 2018 with first quarter PAT growing by 22.5% to Rs 4.5 Bn, while the Group reported a PAT of Rs 5 Bn which is a 24% growth from last…
The Port City Colombo is the largest single foreign direct investment in Sri Lanka. The extent of the public parks at Port City Colombo is 9 times the size of Galle Face Green while the project will develop 45 Hectares of parks and 13 Hectares of beaches accessible to the public. Watch the video…
Sri Lankan government’s expenditure on refined petroleum imports had increased in recent months whilst fuel imports had been on a declining trend. The recent External Sector performance data from the Central Bank of Sri Lanka (CBSL) showed that the non-importation of crude oil due to the closure of the refinery for maintenance purposes and lower…
Sri Lanka’s trade deficit had exceeded to US $ 1 billion in February 2018 for the 3rd consecutive month, the recent Central Bank’s (CBSL) report on External sector performance said. The report notes that a surge in gold imports was the primary driver behind the fastest increase in overall merchandise imports in nearly 3 1/2 years,…
Reuters – Sri Lankan shares ended at a near five-week low on Monday, led by industrial shares such as John Keells Holdings, while foreign outflows and the recent fuel price hike weighed on sentiment, stockbrokers said. State-run fuel retailer Ceylon Petroleum Corp (CPC) raised retail prices for gasoline and diesel on Thursday midnight in response…
The Sri Lankan rupee had depreciated by 3.2% against the US Dollar during the year 2018 so far up to 11th May 2018, the latest update on External Sector by Central Bank of Sri Lanka (CBSL) showed. Furthermore, reflecting cross currency movements, the rupee had also depreciated against other major currencies except for the Australian…
Innovation has become the buzzword of the decade across the world. Understanding truly what it stands for and putting a metric behind it may seem an arduous task. But, the Global Innovation Index (GII) does just that.It produces a comprehensive broad-based model of measuring innovation that captures its complex nature in both developed and emerging…
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