Sri Lanka’s Ceylon Tobacco Company PLC (CTC) in their latest quarterly financials outline that the Government increasing the Excise duty on cigarettes in August 2018 and March 2019 lead to a price increase of legal cigarettes. As a result, the Ceylon Tobacco Company’s sales volume for the fourth quarter ended 31st December 2019 had reduced…
Sri Lanka is the twenty-fifth most polluted country in the world according to the IQAir AirVisual’s 2019 World Air Quality Report. However, the country has been tagged as having the best air quality in South Asia according to the report in the region with pollution regarded as “moderate.” The rest of the region is listed…
Commercial Bank of Ceylon PLC (Commercial Bank) rang the Opening Bell to commence trading at the Colombo Stock Exchange (CSE) today to celebrate its 100-year anniversary. The event was a part of a series of initiatives conducted by the bank to celebrate this significant milestone. Special market opening ceremonies are organized by the CSE as…
Land Valuations Indicator (LVI) for Colombo District compiled by the Central Bank of Sri Lanka (CBSL), reached 138.9 during the 2nd half of 2019, recording an increase of 10.4 per cent compared to the 2nd half of 2018. All three sub-indicators of LVI, namely Residential, Commercial and Industrial have contributed to this increase. Residential LVI…
A steady and a positive stock market performance will draw good quality investors, which is a key requirement for the development of a country, Commercial Bank Chairman Dharma Dheerasinghe said. “The stock exchange place allows businesses to access capital and provide opportunities for companies to enhance their visibility and public image. The country becomes visible…
Sri Lanka Tourism Promotion Bureau, in collaboration with the Sri Lanka Embassy in Sweden, shared the Sri Lanka pavilion which was spread over an area of 49 sqm , at the Danish Travel Fair which was held from 21st to 23rd February 2020, at the MCH Exhibition centre in Herning, Denmark. For 2020 holiday fair…
Posts Group PAT of Rs 15 Bn Total taxes of Rs8 Bn including DRL Rs 2.8 Bn Best capitalized among peers Steady progress in Transformation HNB PLC weathered external headwinds in 2019 to post Rs 15 Bn in Group Profit After Taxes (PAT) and Rs 14 Bn in Bank PAT and remains the best capitalized…
Sri Lanka stock saw declines on Tuesday (25) following an overnight plunge on Wall Street as fears of the economic impact from the coronavirus outbreak spread. In equities, Colombo’s All Share Price Index (ASPI) fell 66.37 points to close at 5,730.93 and S&P SL20 index of more liquid stocks fell 1.44% or 39.91 points to…
The Embassy of Sri Lanka in coordination with the Sri Lanka Tourism Promotion Bureau (SLTPB) organized Sri Lanka’s participation at the 26th International Mediterranean Tourism Market (IMTM) 2020 which was held at the Expo Tel Aviv International Convention Centre in Tel Aviv, Israel from 11th -12th February 2020. The IMTM is the largest professional tourism…
BBC – Global financial markets saw some of the sharpest falls in years on Monday after a rise in coronavirus cases renewed fears about economic slowdown. In the US, the Dow Jones and S&P 500 posted their sharpest daily declines since 2018, with the Dow falling 3.5% or more than 1,000 points. The S&P 500…
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