Sri Lanka January inflation at 3.7-pct
The overall rate of inflation as measured by NCPI on Year-on-Year basis is 3.7 percent in January 2021 and inflation calculated for December 2020 was 4.6 …
Industry
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ASUS launches its first-ever exclusive store in Sri Lanka
ASUS Sri Lanka – the renowned multinational technology enterprise – has launched its maiden exclusive store in the heart of Colombo; the very first in the …
HNB Group posts PAT of Rs 13.7Bn during 2020; total deposits grow by Rs 158Bn
Hatton National Bank PLC (HNB) demonstrated resilience and an unwavering focus on sustainable business performance as it posted Rs 13.7 Bn in Group Profit …
Cyber Care App launched to combat cyber violence in Sri Lanka
The COVID-19 outbreak with the resultant lockdown and stay-at-home measures have led to a surge in online activity by young people. This increased online …
Sokin announces partnership with Mastercard in South Asia to expand fixed-price payments
Sokin, the new generation fintech payment firm, has signed a partnership agreement with Mastercard in South Asia to provide its fixed-price payment services in …
Economy at a glance for 2020:Double whammy blow
Highlights ICRA Lanka estimates Sri Lanka’s GDP growth rate in 2020 to be -4%. In addition, our estimates indicate industry, services, and agricultural …
Ceylinco Life records income of Rs 36.98 billion in 2020
Ceylinco Life has achieved consolidated income of Rs 36.98 billion for FY 2020, demonstrating the Company’s ability to grow business volumes and investment …
Trade Finance and Investments amalgamates into Commercial Credit and Finance PLC
Trade Finance and Investments PLC (TFI), a financial service providerhas been amalgamated into one of Sri Lanka’s pioneering finance companies, Commercial …
Responsive web and app design: new trends on the horizon, in 2021.
Although software development in Sri Lanka started out as an offshoring destination for IT services, this has long since moved from being just a niche …
Commercial Bank’s ePassbook surpasses 1 million customer registrations
New app downloads of Commercial Bank of Ceylon’s ePassbook has increased by 150,000 in just six months after self-registration was permitted via a recent …
We maintained stabilized prices for over a year despite global price increase: Litro Gas Lanka
With the COVID-19 pandemic impacting markets across the world and the currency fluctuations taking place, the global prices of LPG as one of the world’s most …
Sri Lanka lifts UK travel restriction
The temporary travel restriction introduced by the Government on travels originating from the United Kingdom to Sri Lanka on account of the new Covid -19 …
Softlogic Life grew 25-pct in 2020 to Rs.15.6Bn; PAT Rs.1.5Bn
Softlogic Life announced that despite all the difficulties associated with a thoroughly disrupted COVID year 2020, the Company grew revenues to record Gross …
Rated Sri Lankan corporates less exposed to sovereign than banks: Fitch Ratings
Fitch Ratings views most rated Sri Lankan corporates as less vulnerable than local financial institutions to the sovereign's financial distress. This is …
Kantar to offer media monitoring service in SL
Kantar recently announced that it would start providing Media Monitoring service in Sri Lanka. The announcement comes as Kantar has agreed to acquire …
Investment risks rise for Sri Lankan insurers; limited impact on regulatory capital: Fitch
Asset risk at Sri Lankan insurers has increased due to the sovereign’s weaker credit profile and the consequent lowering of national ratings of some …
Policy backsliding derails Sri Lanka’s aspirations to become maritime hub
Policy experts discuss Sri Lanka's policy towards building future port infrastructure. "Sri Lanka losing out to regional competitors because of policy …
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 …
Sampath Bank report slight decline in profits for 2020
Financial Performance for the Year 2020 Sampath Bank recorded a decline in Profit After Tax (PAT), from Rs 11.1 Bn in 2019 to Rs 8 Bn for the year 2020. …
Exemption of landing charges for Mattala & Ratmalana Airports further extended
Sri Lanka's Cabinet nod has been received to extend the exemption of landing and parking charges for Mattala Rajapaksa International Airport and Rathmalana …