Lanka Property Web says SL real estate market stable despite pandemic
“Since the turn of the year there has been an increase in real estate activity by property buyers and sellers”, said Sri Lanka’s leading property portal …
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Hayleys delivers its best ever PAT of Rs. 8.20bn; Foreign currency earnings exceed USD 443mn
The Hayleys Group maintained its growth momentum in the first nine months of FY 2020/21, delivering its highest ever pre-tax profit of Rs.11.51 billion which …
John Keells IT earns highly acclaimed SAP on Azure Advanced Certification
John Keells IT, a leading boutique consulting and professional services company and one of the pioneers in driving cloud adoption in the region, has achieved …
Resus Energy connects first of its ground-mounted Solar PV power plants to national grid
Diversifying its portfolio, Resus Energy PLC, a forerunner in renewable energy, operating a number of mini-hydropower stations in Sri Lanka, recently connected …
Hemas reasserts its agility with a strong quarter performance
Hemas Holdings PLC (HHL) delivered another strong quarter of results driven by its commitment to serve its customers in the core segments, Home and Personal …
Eco-Spindles breaks ground on new polyester yarn facility
Aims to double polyester yarn production by 20222,300 tonnes of waste plastic bottles recycled in 2019/20Targeting export demand for recycled polyester fabrics …
SLT Group’s operating profit for 4Q 2020 grew by 27-pct, revenue recorded at Rs. 24Bn
Sri Lanka Telecom PLC (SLT) Group concluded financial year 2020 on a high note, with a significant 25% YoY growth in profit after tax to Rs. 7.9 Bn, despite …
People trust robots more than themselves with money
Research shows growing confidence among consumers and business leaders that robots handle finance tasks better than people 2020 has changed our relationship …
Fitch rates Hatton National Bank’s Basel III Sub-Debt ‘A(EXP)(lka)’
Fitch Ratings has assigned Hatton National Bank PLC's (HNB, AA-(lka)/Stable) proposed Sri Lanka rupee-denominated Basel III-compliant subordinated debentures …
Sampath Bank partners with John Keells Properties’ TRI-ZEN on Home Financing Solutions
Sampath Bank entered into a strategic alliance with TRI-ZEN, a premium smart living project being developed in Union Place, Colombo by John Keells Properties …
Driving growth-bridging deficits – outlook 2021 report of Ceylon Chamber
The Ceylon Chamber of Commerce launched its annual Outlook Report for 2021, at the Economy and Sector Review and Outlook 2021 webinar recently. The Outlook …
CMTA warns, beware of surging frauds in used-vehicle market
The Ceylon Motor Traders Association (CMTA), Sri Lanka’s automotive association has raised concerns over the heavily persistent fraudulent acts associated …
JKH and HEMAS consumer collaborate to battle plastic pollution
Plasticcycle, the Social Entrepreneurship Project of the John Keells Group is pleased to onboard Hemas Consumer, in its bin placement initiative targeted …
First Capital Holdings PLC’s LKR 2 Bn debenture issue snapped up on opening day
The Listed, Rated, Unsecured, Senior, Redeemable Debenture Issue of First Capital Holdings PLC with a tenure of 5 years was successfully oversubscribed on the …
Sri Lanka national tea sales average up in Jan 2021
All elevations show an increase YOY in LKR and USD terms Feb 03, 2021 (LBO) - The National average for the month of January 2021 of Rs. 645.02 (USD 3.40) has …
APHNH calls for prioritization of private healthcare workers in National vaccine drive
In an appeal to the Government, The Association of Private Hospitals and Nursing Homes (APHNH) requested that private healthcare workers receive priority, …
Piramal Glass Ceylon reports 110-pct growth in PAT for nine months
Piramal Glass Ceylon reported its nine-month results as at 31st December 2020, with a turnover of Rs. 5,961 Million & PAT of 694 Million as against Rs. …
Sri Lanka inflation at 3-pct for Jan 2021
Feb 02, 2021 (LBO) - The overall rate of inflation as measured by CCPI on Y on Y basis is 3.0 percent in January 2021 and Y on Y inflation calculate for the …
Union Assurance awarded for excellence in integrated reporting for 2020
Reaffirming its commitment to the value of transparency, accountability and integrity while maintaining an exceptional financial track record, Union Assurance …
Minister green lights productivity-linked wage proposal for RPCs: Unions are still to agree
Feb 01, 2021 (LBO) - On the request of Labour Minister, Nimal Siripala de Silva, Regional Plantation Companies (RPCs) submitted a revised wage proposal to …