Top News

HNB reiterates its commitment to support grassroot led economic revival

Bank’s PBT Rs 14.7Bn; PAT Rs 12.2Bn Group’s PBT Rs 16.4Bn; PAT Rs 13.4Bn Gross loans cross Rs 900Bn Gross NPA improves to 3.92% Maintains strong Capital Adequacy and Liquidity ratios Continues supporting business revival through debt moratoria and disbursements A resilient business model and continued focus on sustainable growth was reaffirmed as Hatton National…

(0)Comments | November 15, 2021 8:35 am

Dialog Continues Consistent Performance with a Stable Q3

Stable Quarter with Revenue growth of +5% QoQ; EBITDA and PAT Out Pace Revenue at +10% QoQ and +17% QoQ respectively Direct and Indirect Taxes, Fees and Levies Paid to GoSL tops Rs17.6Bn Ramp up in Network investments translating to a Capital Investment of Rs24.7Bn; Dialog Axiata PLC announced, Thursday 11th November 2021, its consolidated…

(0)Comments | November 15, 2021 7:29 am

Ceylon Chamber Notes Policy Continuity in National Budget 2022

Budget 2022 has signalled policy continuity in terms of maintaining mainstream corporate tax rates and investment incentives continuing from end 2019. The Chamber welcomes the focus on digitization, development of the hub concept, infrastructure development in investment promotion zones/SME development zones, removal of registration fees for Start-ups, green economy and targeted relief for vulnerable sections…

(0)Comments | November 15, 2021 6:48 am

Hambantota International Port Group signs MoU with Board of Investment

Joint Shared Services for Industries in the Southern Province Hambantota International Port Group (HIPG) and the Board of Investment of Sri Lanka (BOI) signed a cooperative “Shared User Services” Memorandum of Understanding (MoU) on the 26th of October 2021. Johnson Liu, Chief Representative of China Merchants Port Holdings in Sri Lanka and CEO of HIPG,…

(0)Comments | November 15, 2021 6:24 am

United States Delivers $150 Million in Financing to Support Community-Based Women Entrepreneurs

The United States government disbursed $150 million in financing to DFCC Bank on November 12 to support sustainable development of Sri Lankan community-based businesses.  This is the largest loan disbursement by the U.S. Development Finance Corporation (DFC) for Sri Lanka, and it is part of a $265 million commitment designed to support the local Micro, Small, and Medium Enterprise (MSME) sector,…

(0)Comments | November 15, 2021 6:12 am

BRI Regatta in Beihai

The Silk Road Journal by Mahika Ming The 2021 Belt and Road International Regatta was held in The 2021 Belt and Road International Regatta was held in Beihai, China from the 4th till 12th of November.  Beihai is in the Guangxi Zhuang Autonomous Region in the south of the Peoples Republic of China (PRC). The Belt…

(0)Comments | November 15, 2021 5:42 am

Tokyo Cement lays foundation for additional 1Mn MT Manufacturing Expansion

The Management of Tokyo Cement Company (Lanka) PLC recently laid foundation for a factory expansion project in Trincomalee, to increase its manufacturing capacity by a further 1 million Metric Tons. The project scheduled to be completed by early 2023 will bring Tokyo Cement Group’s total installed capacity to 4 million MT, firmly establishing the Company’s…

(0)Comments | November 12, 2021 5:33 pm

Capital Alliance Limited kicks off Virtual Investor Forum

Capital Alliance Limited (CALT), one of Sri Lanka’s non-bank primary dealers is pleased to announce the successful conclusion of its Virtual Investor Forum. The event was held to bring together investors from across a wide spectrum of disciplines, both foreign and local, to discuss CALT’s upcoming Initial Public Offering (IPO) scheduled for the 25th of…

(0)Comments | November 12, 2021 5:29 pm

Sampath Bank Maintains its Sustainable Growth Trajectory

Sampath Bank produced strong results for the nine months ended 30th September 2021, despite the challenges caused by prolonged impact of the COVID -19 pandemic. Due to the strategic initiatives and target orienting business plans, the Bank was able to steer through volatile economic conditions created by the pandemic to record a sizable 76.4% improvement…

(0)Comments | November 12, 2021 11:40 am

Reliance Retail Acquires ‘Amanté’ From Sri Lanka-Based MAS Holdings

Reliance Retail Ventures Limited (RRVL) has acquired retail lingerie businesses under the ‘amante’ umbrella brand from MAS Brands, a wholly-owned subsidiary of Sri Lanka-based MAS Holdings, for an undisclosed amount. The ‘amanté business’, which was established by MAS in 2007, is engaged in retail and wholesale distribution of premium lingerie under brands ‘amanté’, ‘Ultimo’ and…

(0)Comments | November 12, 2021 10:19 am

Video Story

Stock Market

Exchange Rates