Amãna Bank’s Q3 2017 Pbt Triples

Having recently doubled its capital to over Rs 10 billion,Amãna Bank reinforced the confidence of its shareholders by tripling its Q3 2017 Profit Before Tax to reach Rs 186.1 million as against 

Virtusa Partners with SAP to Build Industry-Focused Solutions for SAP S/4 HANA Cloud

Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerates business outcomes for its clients, today announced that it is adding

Sampath Bank Unveils Drive-through ATM at Colombo Super Branch

In line with its commitment to providing the highest levels of service to its customers, Sampath Bank commissioned a drive-through automated teller machine (ATM) at its Colombo Super Branch 

A guidance for your foreign education from Coss Lanka

Heshan Rubera, COSS Lanka Managing Director states that on an average there is a 30% drop out after Ordinary Level (O/L) exams and mostly these students are left with limited number of options to

Ministry of Crab takes Black Crab to Courts over Trademark Infringement

World renowned sea food restaurant “Ministry of Crab” filed action against a restaurant opened under the name “Black Crab” in the Commercial High Court of the Western Province, over infringement

Unilever Launches 4th Edition of SPARKS Student Ambassador Program

Reaffirming its commitment to empowering the country’s future business leaders,Unilever Sri Lanka, the No. 1 employer in the nation ,welcomed 21 undergraduate

DFCC Bank reports strong 3Q amidst successful expansion drive

DFCC Bank continued to demonstrate positive momentum across business in the 3rd quarter of 2017 as a rapidly emerging full service commercial bank.

Sampath Bank 3Q profit up 12% on new lending, stable margins

Sampath Bank PLC reported strong financial performance for its most recent September quarter (3Q17) backed by an exponential growth in new loans for the period. Despite the tighter money conditions by way of higher interest rates and loan-to-value ratios on certain assets, the private lender gave out a thumping Rs.25 billion in new 

Stocks fall to 2-wk closing low; cbank rate move, budget awaited

REUTERS: Sri Lankan shares fell yesterday to a two-week closing low as investors awaited the Central Bank’s monetary policy decision and the national budget presentation scheduled this week.

Rupee edges up on remittances; CB policy review in focus

REUTERS: The Sri Lankan rupee ended slightly firmer yesterday as dollar inflows from remittances provided support, but trade was dull ahead of the Central Bank’s monetary policy review and the national budget presentation, dealers said.

Credence Genomics creates history in Sri Lankan biotechnology industry

Credence Genomics (Pvt.) Ltd, Sri Lanka’s premier specialized DNA diagnostics services provider has achieved yet another first by being published in the acclaimed BioMed Central (BMC) Infectious Diseases publication.

Deen Brothers Imports celebrate Oregon Golden Night 2017

Deen Brothers Imports (Pvt.) Ltd, having an illustrious history of business established over the last 17 years in Sri Lanka, recently celebrated Oregon Golden Night 2017, which was held in grand style at the Hilton Hotel Colombo.

Singer hosts ‘Life Style Exhibition and Fun Fair 2017’

Best brand of the country for the 11th consecutive year, Singer Sri Lanka presents the Life Style Exhibition and Fun Fair 2017, a most prominent event of Sri Lanka to be held for the seventh consecutive year at the BMICH from 24th to 26th November from 10:00a.m. to 9:00p.m.

‘Celebrating Partnerships’ exhibition inaugurates with GOSL, EU, UN and IFC

The roaming exhibition which was showcased in the Northern Province has now reached the districts of Ampara, where it inaugurated on 17th October,  and Batticaloa on 19th October

Fitch expects SL’s modern grocery retail sector to expand in mid-teen digits

Sri Lanka’s modern grocery retail industry is expected to grow in the mid-teen digits over the medium term due to urbanization and increasing per capita income, according to a report by Fitch Ratings.  

Teejay Lanka 2Q profits down 37% amidst tough market conditions

Teejay Lanka PLC (TJL) underwent a challenging second quarter (2Q18) with both the top and bottom lines coming under pressure, but the knit fabric maker continues to pin its hopes on the growing order books under GSP Plus and the second phase of 

Dr. Hiran Hettiarachchi invited to speak at the Asia Real Estate Summit in Singapore

Blue Mountain Group Chairman Dr. Hiran Hettiarachchi will represent Sri Lanka’s property sector at the prestigious ‘PropertyGuru Asia Real Estate Summit’ on 8th November 2017 at Sands Expo

Allianz Lanka Alerts Road Users at Unprotected Railway Crossings

Sri Lanka is witnessing a steady rise in the number of accidents at unprotected railway crossings, with 256 casualties and 180 deaths related to accidents associated with railroads during this year alone.

Australia Future Unlimited 2017

For the 7th consecutive year, The Australia Future Unlimited – the Education Seminar (AFUES) an Austrade initiative was successfully held on 8th September 2017 with a distinguish Delegation 

Hilton Colombo celebrates the 25th Year of the Original Oktoberfest

Oktoberfest may have its roots in Munich but you don’t have to go to Germany to enjoy this annual celebration. Hilton Colombo will once again be organizing the Oktoberfest from the 9th to 18th 

CPC seeks investment and supply linkages for US$ 2 bn refinery expansion

The state-run Ceylon Petroleum Corporation (CPC) will be seeking foreign investment linked to long-term crude supply contracts to construct the US$ 2 billion expansion at the Sapugaskanda Oil Refinery, according to the organization’s head.

CB sets record straight on employment statistics

The Central Bank of Sri Lanka last week noted that the employment statistics compiled by the Census and Statistics Department (DCS) had undergone a revision in 2016, in the process reminding policy commentators not to compare the old statistics with the re-weighed figures.

External factors, higher interest rates hamper Singer September profit

Consumer durables retail giant Singer Sri Lanka PLC reported subdued performance for the July-September quarter (3Q17), aptly demonstrating how difficult economic conditions have become and the decisive role of the weather gods  

NTB September profit up 33% on strong loan growth

Nations Trust Bank PLC (NTB) reported Rs. 1.01 billion in net profits for the quarter ended this September, which was a 33 percent increase compared the corresponding quarter last year, with growth being driven by new loans. Earnings per share increased to Rs.4.39 during the quarter under review up from Rs.3.29 year-on-year (YoY). 

CB seen holding key rates steady ahead of budget: poll

REUTERS: The Central Bank is expected to keep its key interest rates steady tomorrow to support the sluggish economy despite a pick-up in inflation amid strong credit growth, a Reuters poll showed. All 11 economists in the survey predicted the Central Bank would keep its standing deposit facility rate (SDFR) and standing lending facility rate (SLFR) unchanged at 7.25 percent and 8.75 percent, respectively.

Rainco pays tribute to Teachers

A heart touching video titled Guru Panduru was shared extensively on social media recently. Inspired by a true story, the video was conceptualized by Rainco as a tribute to Teachers to coincide 

Hatch - Transforming Sri Lanka’s collaborative work space

Sri Lankan start-up incubation and acceleration platform, Hatch, announced plans for the launch of the island’s single largest co-working office space designed exclusively for start-ups to collaborate,

Joint effort to promote sports tourism in Sri Lanka

The Tourism Development & Christian Religious Affairs Ministry and the Sports Ministry recently announced their plans to promote ‘sports tourism’ in Sri Lanka through a series of sports events which will kick off early November anchoring Sri Lanka as the hub for international sporting events and luring tourists. 

Dialog joins Eureka to offer world-class information security and IT audits

In an increasingly technology driven and futuristic world, there is a growing need for businesses to invest in seamless and secure  IT services. 

SLPA to host 19th Conference on International Network of Affiliated Ports

The 19th conference on International Network of Affiliated Ports (INAP) will be held on 07th and 08th November at the Kingsbury Hotel Colombo.