~ Group PAT Rs 7.5 Bn ~ Bank PBT exceeds Rs 10 Bn HNB Group recorded a profit before VAT and Tax of Rs 13.4 Bn for the first six months of 2017 posting a year on year (yoy) growth of 13.8% while the Group PAT increased by 7.5% to Rs 7.5 Bn. The Bank…
Reuters – Sri Lankan shares fell to a near four-month low on Monday, sliding further from the 6,500 point level, as disappointing June-quarter corporate results dented sentiment. The stock market posted losses in 11 out of the last 12 sessions, while yields on short-term government securities also fell over the past two weeks. The Colombo…
An Emirates A380 aircraft landed at Bandaranaike International Airport (BIA) Katunayake today, helping Sri Lanka and the airport achieve an aviation milestone. Sri Lanka’s Minister of Transport & Aviation Hon. Nimal Siripala de Silva M.P. was at the airport to greet H.E. Abdul Hameed Abdul Fattah Kazhim Al-Mulla, UAE Ambassador to Sri Lanka and Emirates’…
Amãna Bank’s recently concluded 1 for 1 Rights Issue brought in Foreign Direct Investments valued at over USD 22 million to the country. The Rights Issue which was oversubscribed increased the Bank’s capital by Rs. 4.75 billion of which Rs.3.37 billion was from overseas shareholders. IB Growth Fund (Labuan) LLP an investment firm under the…
Loan book grows to Rs 686 billion; deposits to Rs 800 billion Gross income improves by 28.84% to Rs 55.319 billion VAT & NBT up 51.21% over 1H 2016 Accelerated growth in the second quarter has enabled the Commercial Bank of Ceylon to build on its strong start to the year and post characteristically vigorous…
The all new BMW 5 series plug-in hybrid was unveiled to the Lankan market by Prestige Automobile Pvt. Ltd., the sole authorised importer and distributor of BMW, MINI and Hyundai vehicles in Sri Lanka, at an event held at Park Street Mews on 10th August 2017. The new iconic plug-in hybrid is the latest addition…
As the Budget 2018 will be prepared on the Performance basis, all the proposals by the line ministries, provincial ministries and the heads of departments should clearly indicate the details of the output of such projects accompanied with the Key Performance Indicators (KPI), informs the Secretary to Treasury and Ministry of Finance and Mass Media…
The Colombo Stock Exchange (CSE) in association with the Colombo Stock Brokers Association (CSBA) recently launched a series of events presenting investment research on companies featured on the S&P SL 20 Index, to an exclusive audience of Local Institutional Investors. The first event of the series, featured presentations and discussions on John Keells Holdings PLC…
A whopping 40000 local arts and crafts are now networked with Sri Lanka’s apex market facilitator that promotes the country’s historic arts and crafts legacy. This facilitator brand has also returned to profits in 2016 -after four years of continued losses. “Laksala is gradually becoming a recognized Lankan brand among tourists visiting Sri Lanka. I…
NEW DELHI: An international study, testing on-road emissions of passenger cars in India, says a diesel SUV may be emitting 25 to 65 times more oxides of nitrogen (NOx) than a small petrol car. On-road emissions of diesel cars may also be far higher than their emissions under lab certification conditions, it adds. The study,…
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