The National Savings Bank recorded a Profit before Tax (PBT) Rs. 15.0 billion for the first six months of 2024 with an impressive growth rate. National Savings Bank had already surpassed the previous year’s profit after Tax (PAT) by the second quarter of this year. The Bank registered a PBT of Rs. 15.0 billion for…
Inland Revenue, Customs, and Excise Tax Arrears below Rs. 90 Billion. 2023 Sets Record with Rs. 3 Trillion in Revenue- Commissioner General of Excise. Country’s Recovery Drives Tax Revenue Targets beyond Expectations – Deputy Commissioner General of Inland Revenue. Efficient Tax Collection Maintained Despite Employee Shortages – Sri Lanka Customs Finance Officer. Commissioner General of…
National Development Bank PLC recently conducted its Investor and Analysts Earnings Call on August 20, 2024, following the release of its financial results for the first half of the financial year ended 30 June 2024. Led by Mr. Kelum Edirisinghe, the Director and Chief Executive Officer of NDB Bank, along with the bank’s senior management…
Sri Lanka’s Hatton National Bank PLC (HNB) has submitted a non-binding offer to acquire the Bangladesh operations of Bank Alfalah Limited (PSX: BAFL). This move places HNB in direct competition with Bangladesh’s own Bank Asia Ltd., which has also submitted a non-binding offer for the same assets. The Board of Directors of Bank Alfalah has…
Business Sentiment Index Dips As Election Looms Sri Lanka stands at a pivotal juncture with the 21 September presidential election on the horizon: the future direction of the country is undoubtedly at stake. And as the nation anticipates the potential impact of the election outcome, the path to recovery is laden with obstacles. The next…
Extends ‘Max -Rewards’ scheme to more than 1.4 million users of ‘ComBank Digital’ Digital banking has just become financially rewarding, with the Commercial Bank of Ceylon launching a ground-breaking industry-first initiative to award -reward points for transactions on ComBank Digital. The Bank has announced that even a simple utility bill payment via ‘ComBank Digital’ can…
Sri Lanka Tourism Promotion Bureau, (SLTPB) in collaboration with the Sri Lankan Embassy in Seoul, South Korea, arranged a warm welcome for the JTBC Media Group, which is a popular Media group in South Korea, which caters to all Audiences and has a wide media coverage across the world. The group consisting of 8 members,…
The Securities and Exchange Commission of Sri Lanka (SEC) successfully conducted an Industry Awareness Session dedicated to Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT). The program which was conducted by the Finance Intelligence Unit (FIU) of the Central Bank of Sri Lanka (CBSL) was attended by over 80 industry professionals including compliance…
A collective of trade associations including the Joint Apparel Association Forum (JAAF), the Federation of Chambers of Commerce and Industry in Sri Lanka (FCCISL), the European Chamber of Commerce in Sri Lanka (ECCSL), the Exporters Association of Sri Lanka (EASL), the International Chamber of Commerce Sri Lanka (ICCSL), and the National Chamber of Exporters (NCE),…
The Colombo Stock Exchange (CSE) and the South Eastern University of Sri Lanka (SEUSL) signed a Memorandum of Understanding (MoU) recently at the SEUSL in Oluvil to enhance financial literacy among undergraduates. The collaboration aims to equip students with knowledge and skills essential to navigate in the financial world. Through this partnership, the CSE and…
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