Fitch rates Commercial Bank’s Basel III Sub Debt AA-(lka)(EXP)
Fitch Ratings has assigned Commercial Bank of Ceylon PLC's (CB, AA(lka)/Stable) proposed Basel III-compliant subordinated unsecured debentures of up to LKR10 …
In Pictures
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Sampath Bank becomes first bank to accept Alipay payments in Sri Lanka
Sampath Bank, one of Sri Lanka’s most innovative banks, has become the first bank in the country to partner with Alipay, the world’s largest online and …
Hayleys sees strong 9-month top line growth, Turnover up to Rs.112.3Bn
Strong top line performances across the Hayleys Group and the addition of recent strategic acquisitions resulted in a 37% YoY increase in turnover up to Rs. …
Hemas Holdings posts consolidated revenue of Rs.35.6Bn
Hemas Holdings PLC and its subsidiaries reported consolidated revenue of Rs.35.6 billion; a year-on-year (YoY) growth of 11.4% and profit attributable to …
Celebrate the victory peacefully and with restraint: Mahinda Rajapaksa
MEDIA RELEASE Celebrate the victory peacefully and with restraint Reports coming in from all corners of the island, indicate that the Sri Lanka …
Dialog Axiata FY 2017 NPAT Rs10.8Bn, Rs27.3Bn Invested in Infrastructure
• Net Profit After Tax Rs10.8Bn • Recommended Dividend: 35% of Earnings, 46 Cents per Share • Direct and Indirect Contribution in Taxes, Fees and Levies …
Consumer goods & agri sectors boost Sunshine group profits by 23-pct
9MFY18 Highlights • Consolidated revenue of Rs.15.6 billion, an increase of 12.4% YoY • PAT amounted to Rs. 1.6 billion, up 23.0% YoY, due to strong Agri …
Virtusa Showcases Innovation and Tech Prowess at Tech Month
(PRESS RELEASE) - Virtusa announced the launch of “Virtusa Tech Month”, a celebration of the company’s innovative spirit and technology leadership, at …
AmCham hosts Stephen Renna from U.S. Department of Commerce
(PRESS RELEASE) - Stephen Renna, Director, Advocacy Center, U.S. Department of Commerce, International Trade Administration will meet with members of the …
CCC Seminar to examine opportunities of Sri Lanka – Singapore FTA
Gain Insights on How to Expand Your Business Opportunities through the Sri Lanka – Singapore FTA Seminar organized by the Ceylon Chamber In light of the new …
RIU to host UK-Sri Lanka Investor Forum for 3rd consecutive year in London
Colombo, Sri Lanka - The Research Intelligence Unit will be hosting its annual edition of RIU Investor Forum on Thursday May 17 2018 at the Sri Lanka High …
Fitch assigns Lankaputhra first-time BBB-(lka) rating; outlook positive
Fitch Ratings has assigned Lankaputhra Development Bank Limited (LDB) a National Long-Term Rating of 'BBB-(lka)'. The Outlook is Positive. KEY RATING DRIVERS …
NDB closes 2017 with 41-pct growth in PBT to Rs7.5bn
National Development Bank PLC (NDB) completed the financial year 31 December 2017 with impressive performance across all fronts. Commenting on this …
Walkers Colombo Shipyard completes construction of its fourth vessel
Walkers Colombo Shipyard (Private) Limited, a subsidiary of MTD Walkers PLC, has successfully completed the construction of its fourth vessel, a 10 ton bollard …
Fitch downgrades Sri Lanka’s HDFC Bank to BBB-(lka), maintains on RWN
Fitch Ratings has downgraded Housing Development Finance Corporation Bank of Sri Lanka's (HDFC Bank) National Long-Term Rating to 'BBB-(lka)' from 'BBB(lka)'. …
Eurocars launches the Porsche 911 Targa 4 GTS
(PRESS RELEASE) - Eurocars, the official agent of Porsche cars in Sri Lanka officially launched the new 911 Targa 4 GTS recently in the presence of 911 …
Fitch affirms SriLankan Airlines’ government guaranteed bonds at B+
Fitch Ratings has affirmed SriLankan Airlines Limited's (SLA) US dollar-denominated government guaranteed bonds at 'B+'. KEY RATING DRIVERS The national …
Sri Lanka assumes Presidency of Conference on Disarmament
Sri Lanka has called on member states of the Conference on Disarmament (CD) to seek to bring back the necessary attention at the highest political levels to …
World Health Day 2018 to be celebrated in Sri Lanka
Dr. Tedros Adhanom Ghebreyesus, the Director General (DG) of the World Health Organization (WHO) announced today in Geneva during the 142nd Session of the …