Ecological aspects such as climate change and sustainability are some factors that have managed to garner a growing sense of concern in the past number of years. Considering the impact mankind has made to our immediate environment, the concept of sustainable carbon neutral activities has come as a timely source of nullifying the side effects…
Human Smuggling, the illegal transfer of people over national boundaries, is a huge problem worldwide. A considerable portion of this illicit traffic takes place through international airports, despite the many stringent measures in place to prevent these activities. Colombo’s Bandaranaike International Airport (BIA) is no exception, with criminal elements in the region making many attempts…
We have been advised by the Central Bank of Sri Lanka that Pan Asia Banking Corporation’s Primary Dealer license has been suspended for six month under the provisions of Registered Securities Ordinance with effect from 15th August 2017. Pan Asia Bank wishes to clarify to the general public that this action restricts only the bank’s access…
The Monetary Board of the Central Bank of Sri Lanka on 14th August 2017, acting in terms of the Regulations made under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance, has decided to suspend business activities of a Primary Dealer of Pan Asia Banking Corporation PLC (PABC) for a period of…
~ 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…
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