CCM program, is the only pathway to obtain the Registered Investment Advisor Qualification Currently there are approx. 500 active Investment advisors in the Capital Market There is a pressing need to increase the number of Investment Advisors In a move aimed at enhancing professional standards and increasing accessibility in the capital market industry, the Securities…
SriLankan Airlines, aiming to capture travellers’ attention with its safety protocols, has launched a brand-new onboard safety video featuring a range of Sri Lanka’s most mesmerizing scenic locations. In the air travel industry, disseminating safety information is a regulatory pre-requisite, as well as a precaution to ensure that every passenger is aware of safety provisions…
Reuters – Family-owned candy giant Mars is buying Cheez-It maker Kellanova (K.N) in a nearly $36 billion deal, bringing together brands from M&M’s and Snickers to Pringles and Pop-Tarts in the year’s biggest deal to date. Mars said on Wednesday it will pay $83.50 per share for Kellanova (K.N) representing about a 33% premium to its closing price…
Plug-in Hybrid BYD SEALION 6 DM – i launched in Sri Lanka Iterates commitment to develop EV infrastructure and sustainable transportation John Keells CG Auto, the authourised distributor for BYD passenger vehicles in Sri Lanka, proudly opened the doors of the BYD showroom and the service center in Colombo with the launch of the Plug-in…
The winner takes home 1 million rupees and many other prizes All proceeds from the marathon will be used for the ICA’s CSR initiatives including organ donation awareness, supporting orphanages and tree planting. August 13, 2024, Colombo, Sri Lanka – The Indian Cultural Association (ICA) is excited to announce the launch of its first International…
Operating Income of LKR 24 Bn. up 8% YoY Profit After Taxes of LKR 8 Bn. up 31% YoY Total Capital Adequacy Ratio of 17.83%, Return on Equity 24.7% Nations Trust Bank PLC reported a strong performance in the first half of 2024, achieving a Profit After Tax (PAT) of LKR 8 Bn, up 31%…
National Development Bank PLC continued to demonstrate strategic agility and resilience amidst less than conducive operating conditions, as was reflected in financial performance for the six months ended 30 June 2024, released to the Colombo Stock Exchange recently. The Bank posted a pre-tax profit of Rs. 6.5 Bn for the period under review, an impressive…
Agreements with International Community for the Economic Recovery Cannot Be Violated. Education Sector Must Be Transformed to Align with National Economic Goals. Sri Lanka to Become a Regional Academic Hub. In a landmark keynote address at the University Lecturers’ Conference held at the Water’s Edge Hotel yesterday evening (13), President Ranil Wickremesinghe revealed plans to…
Continues to push lending, growing loan book by Rs 67.55 bn. in six months Strong CASA ratio of 39.95% lessens interest expense growth Net interest income up 56.53% to Rs 58.62 bn. Total taxes increase by 92% to Rs 14.88bn. Characteristically agile and proactive responses to market-specific dynamics have enabled the Commercial Bank of Ceylon…
Bank PAT of Rs 15.4 Bn Loans grow by Rs 28 Bn in Q2 Rs 58 Bn growth in rupee CASA in 1H Maintains strong capital and liquidity levels Hatton National Bank PLC posted a profit before tax of Rs 25.8 Bn and a profit after tax of Rs 15.4 Bn during the six months…
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