EXPO 2020 DUBAI, one of the largest and most prestigious global events of its kind originally set to take place last year, is now rescheduled to be held for a period of six months starting the 1st of October until the 31st of March 2022. The Expo, spanning over a 438-hectare area (1083 acres) is…
Total Assets – exceeding Rs. 3.0 trillion a milestone reached (during 1Q -2021) Over Rs. 2.0 trillion Deposit and Loan base Leaving behind an exceptional year, the Bank stepped into this year with a strategic move to leverage all unprecedent challenges. Preserving its market leadership Bank of Ceylon has delivered unrivaled performance during first half…
COVID – 19 has had an unprecedented impact on both the local and global economy. After recovering during the 1st quarter of 2021, the Sri Lankan economy experienced renewed disruptions following the emergence of the third wave of the COVID – 19 pandemic which prompted the government to reimpose strict lockdowns in most parts of…
Loan book surpasses Rs 1Tn., joining Assets & Deposits; first private bank to achieve feat 6-month net interest income up 36.86% to Rs 31.2 billion CASA ratio continues to improve, among best in industry at 45.37% Impairment charges rise by 47.44% to Rs 13.654 billion Provision cover solid at 60.37%; net NPL ratio improves to…
Reuters – Sri Lankan shares ended more than 1% lower on Thursday, weighed down by losess in industrial and financial stocks, and as the island nation suffered its highest single-day death toll due to COVID-19. * The CSE All-Share index ended 1.42% lower at 7,980.91. * Conglomerates LOLC Holdings and Expolanka Holdings Plc were the…
Members and Employers of Employees’ Provident Fund (EPF) are hereby informed that the Public Relation and Inquiry Counters at the Lloyd’s Building, Sir Baron Jayathilake Mawatha, Colombo 01 will be closed until 20.08.2021 as several staff members of this unit have been tested positive for COVID-19. All other services of EPF Department will be continued…
PAT amounted to Rs. 920 million, an increase of 73% PBT stands at Rs. 1,454 million Ranked as the third-largest in the life insurance market Company paid COVID claims of Rs. 247 million Softlogic Life recorded a superior first half performance in a pandemic-affected business landscape, posting Gross Written Premium (GWP) of Rs. 9,183 million…
JAT Holdings Limited (JAT-N-0000) commenced trading on the Main Board of the Colombo Stock Exchange (CSE) today (August 12 2021). The company listed 510,407,773 Ordinary Voting Shares and has been classified under the Industry Group “Materials (1510)”. The company closed trading today at LKR 24.20. JAT Holdings Limited Initial Public Offering (IPO) of 82,904,846 Ordinary…
High Commissioner of Sri Lanka to South Africa Sirisena Amarasekara met the Convener of the Progressive Business Forum of the African National Congress Sipho Mbele on 28 July, 2021 at the official residence. The prime objective of this meeting was to refresh the longstanding relationship with the business arm of the African National Congress and enhance the existing bi-lateral trade relations with…
By Dr. Roshan Rajadurai The recent move by the government to ensure the availability of fertiliser critical for the country’s agriculture sector is welcomed by all industry stakeholders – including the Regional Plantation Companies (RPCs), which cultivate tea, rubber and other plantation crops. This is a crucial source of support at a time the tea…
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