Last Updated : 2021-05-14 21:17:00
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Fri, 14 May 2021 Today's Paper
14 May 2021 - 0 - 56
Board of Investment (BOI) Chairman Sanjaya Mohottala yesterday stressed the need for continuing the manufacturing process as a national responsibility, despite the current COVID-19 pandemic situation in the country.
14 May 2021 - 0 - 69
Hayleys Fabric PLC, the knit fabric maker of the Hayleys group, turned a profit for the three months ended in March 2021 (4Q21) but the performance was a moderation from the previous two quarters.
14 May 2021 - 0 - 82
Driven by record high sales volumes and the low tax regime, Nestlé Lanka PLC, the local unit of the Swiss food giant, reported the highest earnings in the firm’s recent history for the March quarter (1Q21), despite the higher sales costs and marketing expenses.
14 May 2021 - 0 - 50
Hatton National Bank (HNB) recorded a profit after tax (PAT) of Rs.4.7 billion during the first quarter of 2021, while the profit before income tax (PBT) amounted to Rs.5.5 billion. At group level, PBT and PAT were at Rs.5.9 billion and Rs.4.8 billion, respectively.
14 May 2021 - 0 - 169
National Development Bank PLC (NDB) achieved sustained results for the first quarter ended on March 31, 2021, amidst challenging conditions.
13 May 2021 - 1 - 119
President Gotabaya Rajapaksa has said his government stands ready to purchase paddy for higher prices than the guaranteed prices if there is any reduction in the yield due to use of organic fertilizer.
13 May 2021 - 0 - 252
The Hambantota International Port has seen a significant increase in their RORO figures during the first four months of 2021, compared to the corresponding period last year.
13 May 2021 - 0 - 152
Relatively low global oil prices and the resurgence seen in economic activities in the first three months of 2021 helped Lanka IOC PLC to deliver a profit in the period ended in March
13 May 2021 - 0 - 83
Commercial Bank of Ceylon PLC reported sound performance for the three months ended in March 2021 (1Q21) as demand for loans gained pace while the company improved its margin amid the fast descent in interest rates.
13 May 2021 - 0 - 117
Sampath Bank PLC delivered some robust profits for the three months ended in March 2021 (1Q21) as the bank saw its credit quality improving, resulting in much lower impairments than what it provided a year ago and opened its lending spigots generating more revenues.
13 May 2021 - 0 - 78
The Cabinet of Ministers has decided to exempt the cess tax charged on imports for projects or companies with an investment value of US$ 50 million or above as part of the government’s myriad measures to incentivise investments into the country.
13 May 2021 - 0 - 44
The local tourism sector will have to grapple with stronger health guidelines with immediate effect with the Ministry of Health (MoH) imposing tightened quarantine measures for all international travellers entering Sri Lanka.
12 May 2021 - 0 - 117
Dialog Axiata PLC reported a surge in both bottom and top lines during the quarter ended March 31, 2021 (1Q21) as many took to digitally powered devices ranging from smartphones and laptops as the pandemic upended how people work, study, shop, conduct meetings and interact with each other.
12 May 2021 - 0 - 415
Hayleys Group’s city hotel, The Kingsbury PLC, saw its losses widening during the period ended in March 2021 (4Q21), demonstrating the severe impact of COVID-19 virus on the leisure and hospitality sector.
12 May 2021 - 0 - 79
NDB’s recently concluded rights issue to raise Rs.8 billion in Tier I capital saw keen demand from investors with over 61 million rights changing hands prior to the last rights acceptance date.
12 May 2021 - 0 - 55
The Cabinet of Ministers has approved a proposal to prepare a new masterplan for the Muthurajawela wetland area and to consequently declare it as a Ramsar wetland of international importance.
12 May 2021 - 0 - 119
Following the debut of Prime Lands Residencies’ Initial Public Offering (IPO) yesterday (11), the company’s oversubscription forecasts proved to be true as the initial 100 million shares were purchased in record time.
12 May 2021 - 0 - 56
The Cabinet of Ministers granted approval for the Finance Ministry to enter into an agreement with the Asian Development Bank (ADB) to borrow US$200 million under the third tranche of the second consolidated highways investment programme.
11 May 2021 - 0 - 301
Business tycoon Harry Jayawardena was recently hosted at the Port City Colombo project development site by Executive Project Management Director Raja Edirisuriya.
11 May 2021 - 0 - 226
First Capital Research (FCR) said the new capital injections will give National Development Bank PLC (NDB) the much sought-after heft to expand its loan book by as much as 14 percent in the fiscal 2021 and 2022, nearly doubling the rate the bank expanded its loans in the pandemic-stricken year in 2020.
11 May 2021 - 0 - 89
While the country’s health sector is pushing for more restrictions on the daily lives of people, citing the rising COVID cases, there is a widespread pushback building up from multiple sectors of society as small businesses are being pushed to the verge of collapse while people are losing daily income from their livelihoods.
11 May 2021 - 0 - 140
Prime Lands Residencies, the condominium property arm of Prime Group, opens its initial public offering (IPO) today, May 11, 2021.
11 May 2021 - 0 - 364
Although trade relations between Sri Lanka and Germany have grown deeper over the years, there still prevail untapped markets, specially in the organic products segment, senior representatives of the Delegation German Industry and Commerce in Sri Lanka (AHK Sri Lanka) said.
11 May 2021 - 0 - 141
In order to further strengthen the economic cooperation between the two countries,
11 May 2021 - 0 - 75
Sri Lanka’s tax income during the first fiscal quarter has only narrowly missed the target set for the period, in a clear sign of robust economic recovery staged in the first three months of the year, which came with the return of normalcy.
10 May 2021 - 0 - 151
The Finance Ministry has issued a gazette notification allowing the importation of certain agrochemicals including a range of herbicides under special import license regulations after 6th of this month.
10 May 2021 - 0 - 188
The stubbornly high rice prices notwithstanding maximum retail prices set by the government and the record paddy harvest reflect the higher market power exerted by a few rice millers, said the Central Bank.
10 May 2021 - 0 - 1207
Global business consulting and IT outsourcing company, Virtusa Corporation, which was founded in Sri Lanka, will see its chief Kris Canekeratne pass on the leadership baton, ending a 25-year run with the company.
10 May 2021 - 0 - 772
Sanasa Development Bank PLC (SDB bank) nearly tripled its profits in the three months ended in March 2021 (1Q21) on robust growth in loans,
10 May 2021 - 0 - 95
The World Bank has launched public consultations to update its Systematic Country Diagnostic (SCD) in Sri Lanka.
14 May 2021
