Dialog Axiata PLC announced, Friday 11th May 2018, its consolidated financial results for the three months ended 31st March 2018. Financial results included those of Dialog Axiata PLC (the “Company”) and of the Dialog Axiata Group (the “Group”). Dialog Group continued its growth momentum across all key business segments including Mobile, Tele- infrastructure, Digital Pay…
Discounts on Flights, Hotel Stays and Shopping set to give Indians more reasons to visit Sri Lanka Mastercard and the Sri Lanka Tourism Promotions Bureau (SLTPB) are offering exciting opportunities for Indian travellers to avail the convenience of cashless payments and attractive discounts on dining, shopping and staying in Sri Lanka. This is part of…
~ Free Entrance for Amana Bank customers Amãna Bank has once again joined hands with EXPO 2018 – Trade Fair and Exhibition as its Lead Banking Partner. Held for the 9th consecutive year, EXPO 2018 will take place on the 12 and 13 May 2018 at the Sri Lanka Exhibition and Conventional Centre (SLECC). Amãna…
~ Records Operating Profit of Rs 323 million Amãna Bank continued its positive growth trajectory into 2018 with a strong Q1 performance of 144% YoY growth in Profit After Tax, recording Rs 162.8 million against Rs 66.6 million posted in Q1 2017. The successful quarter saw the Bank’s Profit Before Tax increase to Rs 226.1…
Reuters – Sri Lankan shares closed little changed on Friday as most investors stayed on the sidelines to see the real impact of a hike in fuel prices, brokers said. State-run fuel retailer Ceylon Petroleum Corp (CPC) raised retail prices for gasoline and diesel from Thursday midnight in response to rising oil prices. The Colombo…
Hambantota could be an important ‘pit stop’ in the Indian Ocean for ships plying the east-west route, a senior business leader told an influential global port industry forum recently. Invited to make a presentation at the 2018 TOC Asia (Terminal Operator Conference) in Singapore, the Chief Operating Officer of Hambantota International Port Group (HIPG) Mr…
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 10 May 2018, decided to maintain policy interest rates at their current levels. Accordingly, the Standing Deposit Facility Rate (SDFR) and Standing Lending Facility Rate (SLFR) remain at 7.25 per cent and 8.50 per cent, respectively. The Board’s decision aims…
Minister of Finance and Mass Media Mangala Samaraweera today confirmed and said at that “Securities and Exchange Commission Chairman – Thilak Karunaratne is no more at SEC”. Minister made this statement in response to a question raised by Ada Derana at a media briefing held today (10) and further confirmed that it has been proposed…
Reuters – The Sri Lankan rupee closed marginally weaker on Thursday and ended at a record closing low, prompting the central bank to sell dollars to support the domestic currency, dealers said. The rupee ended at its record closing low of 157.90/158.10 per dollar, compared with Wednesday’s close of 157.80/95. The currency hit an all-time…
Reuters – Sri Lankan shares ended marginally lower on Thursday, near a four-week low, weighed down by losses in shares of diversified companies such as Distillers Sri Lanka Plc. The market was also looking for the central bank decision on key monetary policy rates scheduled on Friday. The Colombo stock index ended 0.06 percent weaker…
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