Seylan Bank recorded a steady performance with Profits before Taxes reaching Rs. 3,476 Million for the 6 months ended 30th June 2019 against the Rs. 2,996 Million reported in the corresponding period of 2018 despite challenging market conditions and recent unexpected events that impacted the Sri Lanka economy. However, the Bank’s Profit after tax increased…
(Reuters) – Sri Lankan shares snapped their five-session gaining streak on Tuesday as investors booked profits, while the rupee ended weaker due to importer dollar demand. ** The country’s benchmark stock index ended 0.72% weaker at 5,951.75, slipping from the highest close since Jan. 29 it hit on Monday. ** The bourse is down about…
Huawei announced its business results for the first half (H1) of 2019: CNY401.3 billion in revenue, a 23.2% increase over the same period last year. The company’s net profit margin for H1 2019 was 8.7%. According to Huawei’s Chairman, Liang Hua, operations are smooth and the organization is as sound as ever. With effective management…
Excise Department has banned the sale of all brands of imported liquor without the new foolproof sticker introduced recently by the Department. Accordingly, the possession, transportation, storing and the sale of imported liquor is illegal unless this new sticker is affixed on containers of foreign liquor. The Excise Notice No: 4/2019 which was published under…
Reiterates that industry was managed sustainably and profitably for over 50 years Stalled seed importation approvals and replanting of seedlings will bring industry to grinding halt Authorities turn blind eye to mobs incited by pressure groups to uproot and burn oil palm plants Calls for immediate and definitive green light on oil palm from…
The latest data from the Central Bank of Sri Lanka points out that Foreigners had gradually exited from Sri Lanka’s Government Securities (Treasury Bills and Treasury Bonds) and pulled out over Rs. 3,742 million in a week, during the period from 17 July to 24 July 2019. The value of Government Securities held by foreigners…
The Exporters’ Association of Sri Lanka (EASL) urged all government institutions to execute and fulfill all possible trade facilitation initiatives paving way to create ease of doing business and moving forward towards a national single window. Addressing the 22nd annual meeting of the Exporters’ Association of Sri Lanka, Chrisso De Mel, the newly elected chairman…
A first in the retail industry, Keells makes a commitment to embark on a journey to reduce single use plastics in-store. Keells plans to reduce by 50% single use plastic bags and store single use packaging for fresh food by 2025. Measures already rolled out include paper straws at juice bars, compostable bags at the…
(Reuters) – Sri Lankan shares hit their highest close in six months on Monday, led by a rally in banks and diversified stocks along with healthy purchases by domestic investors. The rupee ended weaker due to importer dollar demand. ** The country’s benchmark stock index jumped for a fifth straight session to end 2.08% up…
The two main indices of the Colombo Stock Exchange (CSE) rose sharply today (29). The All Share Price Index (ASPI) closed at 5,995.20 showing a 2.08% or 122.31 points increase and the S&P SL20 index gained 4.28% or 125.34 points to 3,050.82. Meanwhile, The Market turnover was Rs. 1.81 billion.
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