SINGAPORE (Economic Times): Oil prices rose on Tuesday, with Brent topping $70 and trading at its highest since March, as optimism grew over the fuel demand outlook during the summer driving season of the United States, the world’s top oil consumer. Prices were also boosted after data from China showed that factory activity expanded at its fastest…
True to its vision of Enriching and Empowering Sri Lankan Lives and Enterprises, Dialog Axiata PLC launched Diriya.lk, a free, trilingual online knowledge portal. This homegrown website features a comprehensive knowledge base sourced from reputable contributors including the International Finance Corporation (a member of the World Bank Group) and local collaborations with renowned government and private…
Considering the difficulties faced by the borrowers of licensed banks due to the third wave of COVID- 19 pandemic, the Central Bank of Sri Lanka (CBSL) has requested licensed commercial banks and licensed specialised banks (licensed banks) to provide concessions to affected borrowers as follows:
S&P Global Ratings on Monday affirmed its long-term foreign and local currency sovereign credit ratings on Sri Lanka at CCC-plus. It also affirmed short-term foreign and local currency credit ratings at C. The transfer and convertibility assessment is CCC-plus. The outlook remains stable, said S&P, reflecting that risks to Sri Lanka are relatively balanced over…
Surpasses industry averages in all key parameters of Life Insurance business Maintaining its upward growth trajectory of 46%, leading insurer Janashakthi Insurance PLC, outperformed the industry averages by surpassing all key performance indicators of life insurance business namely number of policies, new business / first year premium, renewal premium and total premiums as at 31st…
The Board of Investment, The Ceylon Chamber of Commerce and the Colombo Stock Exchange is all set to unveil the first ever virtual platform in Sri Lanka to attract foreign investments and Asia’s first and largest Virtual Investor Forum from 7th to 9th June 2021. The event will provide an overall experience and comprehensive understanding…
Sri Lanka’s most valuable and globally diversified financial conglomerate, the LOLC Group, posted a record-breaking performance for the financial year ending 31st March 2021, achieving unprecedented bottom line results of Rs. 57Bn in Profit Before Tax (PBT), and a Profit After Tax (PAT) of Rs. 53Bn – a first for any corporate in the country….
The Colombo Stock Exchange (CSE) has recorded 9.3% growth in Year-to-Date (YTD) All Share Price Index (ASPI) within the first 05 months of 2021. The S & P SL 20 Index fared even better with YTD growth of 13% The market also saw record breaking YTD Market Turnover volume of Rs.414.5 Bn for the first…
First Capital Holdings PLC recorded a Consolidated Profit after Tax of LKR 2.09Bn for the financial year 2020/21. The results show a significant growth compared to Consolidated Profit after Tax of LKR 1.07Bn recorded in the previous year. The Total Comprehensive Income recorded for year 2020/21 is LKR 2.01Bn compared to LKR 1.04Bn reported in…
Headline inflation, as measured by the year-on- year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100)1, increased to 4.5 per cent in May 2021 from 3.9 per cent in April 2021. This was driven by monthly increases of prices of items in both Food and Non-food categories. Accordingly, Food inflation (Y-o-Y) increased to…
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