Gross Income grows 54.20% to Rs 84.149 Bn. Impairment provisioning up 14% to Rs 6.797 billion Appreciation of Rupee impacts loan book, deposits and assets The Commercial Bank of Ceylon Group’s deposit base has surpassed Rs 2 trillion, a milestone it achieved in the first quarter of 2023 despite the continuing impacts of mercurial exchange…
Sampath Bank continued to reinforce its commitment to all stakeholders notwithstanding the ongoing economic challenges. Stepping in to support the customers affected by the prolonged economic downturn, the Bank continued to offer tailormade options and alternative repayment plans to help its customers sustain their businesses while staying true to its ethos of customer value creation….
The world’s number one in Entrepreneurship, Germany celebrates its 70years of diplomatic relationship with Sri Lanka and with BOI almost four decades of doing business have seen confirmed strength of relations. The longstanding business relationship recently continued with another fruitful annual BOI- AHK (Delegation of German Industry and Commerce in Sri Lanka) business forum. Led…
Hayleys Solar, the renewable energy arm of Hayleys Fentons, in partnership with Lumala, a pioneering bicycle brand in Sri Lanka with a market presence of 4 decades, is looking to revolutionize the country’s e-mobility sector. This expedition, named the “Eco Ride”, took place covering a route of over 800 km extended from Point Pedro to…
Sri Lanka Telecom Group (SLT Group), the National ICT Solutions Provider, recorded positive consolidated revenues of Rs. 26.6 Bn for Q1 2023, an increase of 2.1%, compared to the same period last year, led by robust growth at company level from SLT, demonstrating resilience and optimism in the future undeterred by the challenging environment. The…
TOKYO, May 15 (Reuters) – The weekend gathering of finance chiefs from the Group of Seven (G7) advanced economies did not single out China as a threat in their communique, but left signs the world’s second-largest economy will loom large at this week’s summit in Hiroshima. Efforts to grapple with China’s growing global presence were…
Minister of Ports, Shipping and Aviation Nimal Siripala De Silva together with State Minister of Foreign Affairs Tharaka Balasuriya held discussions on 12 May with State Minister of Shipping in Bangladesh holding Cabinet rank, Khalid Mahmud Chowdhury focusing new initiatives to further enhance collaboration in the shipping sector. Minister De Silva appreciated the long standing friendship between…
Foreign Minister Ali Sabry during his visit to Stockholm to participate in the 2nd EU – Indo Pacific Forum, had cordial bilateral discussions with his Swedish counterpart Tobias Billström, committing to strengthen engagement in all spheres of the bilateral relationship. While recalling the decades-old, multi-faceted, partnership between the two countries and peoples, the two ministers agreed…
Sri Lanka Tourism hosted popular Polish celebrity, Dorota Aqualiteja Rabczewska’’ better known as ‘’Doda Queen ‘’ for a few days’ visit in Sri Lanka, in order to promote the destination and create awareness about Sri Lanka and it’s many travel and holiday opportunities to suit everyone’s need. She was accompanied by her fiancé Pachut Dariusz…
Post-tax profitability of LKR 805 Mn, impressively up by 33% Net operating income of LKR 4.5 Bn, up by 24% post absorbing impairment of LKR 4.8 Bn Balance sheet re-sizing and exchange rate appreciation leading to total assets of LKR 781 Bn Sound capital and liquidity positions maintained National Development Bank PLC posted satisfactory results…
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