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…
Softlogic Life recorded another quarter of solid financial performance with a Gross Written Premium (GWP) of Rs. 14.5 billion for the first six months ending 30 June (2QFY24), with an increase in top-line growth of 17% compared to the corresponding period last year. Profit after tax (PAT) for the period in review rose to Rs….
The Courier and Express Parcel Association of Sri Lanka (CEPAC) is the leading industry body representing the interests of the courier and express parcel sector in Sri Lanka. CEPAC is dedicated to promoting excellence, fostering innovation, and advocating for policies that improve the industry’s growth and sustainability. On 25th of July 2024, Courier and Express…
The latest edition provides statistical information related to Sri Lanka’s external trade and its contribution to major economic indicators such as trade balance. GDP and individual sectoral involvement for the year 2023 and five preceding years. This volume is the 37th volume of this publication, and its previous editions have been constantly used as a…
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