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…
Nations Trust Bank ended the third quarter with a strong performance, continuing the trend demonstrated in the first half of the year. The loan book recorded an 18% growth during the nine months ended 30th September 2021 against the private sector credit growth of 10.6% during the same period of the year, amidst the challenging…
The Budget Speech of the 76th Budget of an Independent Sri Lanka at 2.00 p.m Budget Debate in Sign Language for the Hearing-Impaired Community Hon. Basil Rajapaksa, Minister of Finance will present the Second Reading of the Appropriation Bill for the financial year 2022 in Parliament tomorrow (12). The budget speech will begin at 02.00…
Capital Alliance Limited (CALT) announced its intentions to list on the Colombo Stock Exchange, by way of an equity Initial Public Offering (IPO). It will be the first standalone non-bank Primary Dealer to debut on the CSE. This issue will open on the 25th of November 2021. The highly anticipated virtual Investor Forum will commence…
The upcoming Sri Lanka Economic Summit 2021, the foremost and most anticipated economic event of Sri Lanka, will host a lineup of contemporary dialogues under this year’s theme ‘Springboard for revival: Opportunity to reset’. Day two of the event will feature a session dedicated to ‘Resetting the Export Portfolio’ on 7th December, 2021. This session…
The Central Bank of Sri Lanka today published “Recent Economic Developments: Highlights of 2021 and Prospects for 2022” online. The publication can be downloaded via the Central Bank Website in Sinhala, Tamil and English languages. An overview of the performance of the Sri Lankan economy in 2021, as reflected in “Recent Economic Developments”, the box…
Following a highly sought-after IPO, which witnessed an 11X oversubscription, Ex-Pack Corrugated Cartons Limited’s shares enjoyed solid gains on their first day of trading on the Colombo Stock Exchange. Opening trading at LKR 16/- per share, PACK recorded an intraday low of LKR 15.10/- before soaring to an intraday high of LKR 25/- per share…
As the city’s tempo is buzzing back to life, Colombo’s Crescat Boulevard is nearing the completion of its transformation. The mall will reopen on 19 November with an exciting line-up of tenants and a fresh look inspired by the neighbourhood’s changing skyline. Managed by John Keells Properties, Crescat Boulevard’s refurbishment has transformed Colombo’s favourite neighbourhood…
Topline grows 71% on higher demand for fabric Net profit improves by 59% to Rs 954.1 million for 1H Teejay Lanka PLC has built on its robust first quarter performance in Q2 of 2021-22, helped by strong demand for fabric from strategic customers due to the changing dynamics of the global market, increased capacities and…
Chief Executive Officer’s Review Financial Year 2021/22 – First Half Performance Hemas Holdings PLC (HHL) delivered a strong first half amidst a challenging operating environment with half of the second quarter being under island wide lockdown. The cumulative Group revenue stood at Rs.36.2 billion, an increase of 19.8 per cent over last year. During the…
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