Leading insurer Janashakthi Insurance PLC, announced the appointment of Anil Tittawella as the company’s Chairman with effect from 11th August 2021. Anil Tittawella succeeds Prakash Schaffter, as he steps down from his role as the Executive Chairman. Prakash Schaffter will continue to function as the Executive Deputy Chairman of Janashakthi Insurance PLC. “It is my…
CSE says the commencement of the preopen session today (16th August 2021) is delayed due to one Broker system vendor having technical difficulties in connecting to the exchange. Meanwhile the go live date of the implementation of the Delivery Versus Payment (DVP) Settlement mechanism has been scheduled for today as well.
In support of the ongoing vigorous vaccination campaign against COVID-19 undertaken in Sri Lanka under the leadership of President Gotabaya Rajapaksa, the Sri Lanka High Commission in Kenya arranged a consignment of an initial order of 2 million syringes from a WHO prequalified company namely, Revital Healthcare(EPZ) Ltd in Kenya to be sent to Sri…
Two weekly flights between Colombo and Zurich / From Zurich excellent flight connections to many other European destinations / United Ventures new GSA for Lufthansa Group Airlines as of September Good news for all Sri Lankans longing to visit Europe again: Fully vaccinated third country nationals from outside the European Union can now visit Switzerland…
Best capitalized among peers Asset quality remains best among industry; Net NPA 0.64% Deposits surpass Rs 1 Trillion Group PBT Rs 12 Bn; Bank Rs 10.9 Bn Group PAT Rs 9.8 Bn; Bank Rs 9.1 Bn Ranked among Top 1000 World Banks Hatton National Bank (HNB PLC) continued to demonstrate resilience amidst volatile conditions, posting…
Fitch Ratings: The National Ratings on Sri Lankan banks remain constrained by the sovereign credit profile (CCC), Fitch Ratings says. The highest National Rating for domestic banks with ratings driven by their intrinsic credit profiles is ‘AA-(lka)’. This is the highest point on the national scale that corresponds to an international scale rating of ‘CCC’…
CEO Review – Hemas Holdings PLC Financial Year 2021/22 – First Three Months Performance Hemas Holdings PLC (HHL) delivered yet another strong quarter amidst challenging operating environment conditions with key businesses gaining momentum in all areas. The Group’s continued focus on growing the Consumer and Healthcare businesses along with operational excellence, contributed to the resilient…
Aitken Spence PLC made an impressive comeback in the first quarter ending 30th June 2021 by recording a 145% increase in Profit Before Tax (PBT) of Rs. 1.2 billion compared to Rs. 513 million in the previous year from the non-tourism sectors. The Group’s non-tourism sectors recorded a 96% increase in EBITDA (Earnings-inclusive of equity accounted investees,…
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…
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