Author: lbostgadmin
President reshuffles the Cabinet of Ministers
President Gotabaya Rajapaksa today (16) reshuffled the Cabinet of Ministers as follows. G. L. Peiris – Minister of Foreign Affairs Dinesh Gunawardena – Minister of Education Pavithra Wanniarachchi – Minister of Transport Keheliya Rambukwella – Minister of Health Gamini Lokuge – Minister of Power Dullas Alahapperuma – Minister of Mass Media Namal Rajapaksa – Minister […]
Only 10-pct probability for a rate hike at upcoming policy review: First Capital Research
First Capital Research believes that there is a significant probability (90%) to hold policy rates due to the considerable improvement in high-frequency indicators with the fiscal and monetary measures implemented so far. However, there is a 10% probability for a 25bps rate hike to balance external pressure. “As per our view, CBSL either can choose […]
HNB yet again delivers sustainable business performance
Hatton National Bank (HNB PLC) continued to demonstrate resilience amidst volatile conditions, posting a Profit Before Tax (PBT) of Rs 10.9 Bn and a Profit After Tax (PAT) of Rs 9.1 Bn. The Group profits also improved in line, with PBT and PAT at Rs 12 Bn and Rs 9.8 Bn respectively. The loan book […]
VIDEO INTERVIEW: Decision Makers in Sri Lanka – Dr. Kishu Gomes
“It does not make any economic sense for the country to send out 200 housemaids to bring back the value taken away by one single CEO and that is exactly what is happening in the country.” Dr. Kishu Gomes, Group Managing Director/CEO – Dreamron Group of Companies This video interview series will feature leaders who […]
‘ National Ratings Constrained by Sovereign Rating: Fitch
The National Ratings on Sri Lankan banks remain constrained by the sovereign credit profile (CCC), Fitch Ratings says. The highest National Rating for domestic banks with ratings driven by their intrinsic credit profiles is ‘AA-(lka)’. This is the highest point on the national scale that corresponds to an international scale rating of ‘CCC’ according to […]
Aitken Spence records stellar performance in 1Q from non-tourism sectors
Aitken Spence PLC made an impressive comeback in the first quarter ending 30th June 2021 by recording a 145% increase in Profit Before Tax (PBT) of Rs. 1.2 billion compared to Rs. 513 million in the previous year from the non-tourism sectors. The Group’s non-tourism sectors recorded a 96% increase in EBITDA (Earnings-inclusive of equity accounted investees, […]
Nations Trust Bank Delivers Strong Performance While Continuing To Support Nation’s Economic Revival
Nations Trust Bank continued to demonstrate its resilience in performance during the year. The loan portfolio increased by LKR 26 billion recording a 12% growth during the first six months of the year despite the challenging business environment. While continuing to provide working capital loans under the “Saubagya” scheme introduced by the government, the Bank […]
ComBank notches 3rd Rs 1 Trillion mark in Balance Sheet in dynamic Q2
A strong second quarter, during which its loan book crossed the milestone of Rs 1 trillion, another first by a local private bank, has generated noteworthy growth in key indicators for the Commercial Bank of Ceylon Group for the six months ended 30th June 2021. Comprising of Sri Lanka’s largest private sector bank, its subsidiaries […]
European Union & WHO provide critical support to Sri Lanka as pandemic continues
Critical emergency medical equipment has been made available to 78 hospitals across the country for the COVID-19 response through a partnership between the World Health Organization (WHO) and the European Union (EU). These include high dependency unit (HDU) beds, finger pulse oximeters, oxygen concentrators, oxygen jumbo cylinders, and other urgent supplies. The supplies are part […]
JAT Holdings commences trading at Colombo Stock Exchange
Following a successful Initial Public Offering (IPO), JAT Holdings Limited commences trading of shares today (12). Oversubscribed on the first day, the JAT IPO raised Rs. 2.2 billion by offering 82,904,846 ordinary voting shares to the public. The IPO price per share stood at Rs. 27.00 and offered an immediate upside of 21% to an […]
TISL Calls for Appointment of an Independent RTI Commission in September
The tenure of the Right to Information (RTI) Commission which is the central oversight and appellate body established under the Right to Information Act of Sri Lanka is set to expire in September this year. Transparency International Sri Lanka (TISL) calls for the appointment of the new commissioners in line with the procedures set out […]
JAT Holdings to reap benefits of manufacturing in Bangladesh ahead of schedule
JAT Holdings Limited, Sri Lanka’s trusted industry leader in finishing and furnishing, witnesses immense organizational progress fueled by the firm’s intention to begin its manufacturing operations in Bangladesh further boosting its already established presence in the country. Following the recent Initial Public Offering (IPO), JAT Holdings is ahead of schedule to fulfil its near-term objectives, […]