Is now a good time to invest in real estate?
Nayana Mawilmada, Sector Head, John Keells Properties Real estate in central Colombo has been inaccessible to a majority of Sri Lankans for quite some time. …
Companies
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ITC conducts webinar on GSP+ to discuss better-utilising concessions for local businesses
The International Trade Centre (ITC) in collaboration with the Department of Commerce (DoC) of Sri Lanka organized a webinar on ‘GSP+ for Enhanced Market …
Opinion: Adaptation of EdTech in new “Normal & Beyond
By Chaminda V. Silva and Gamika Seneviratne With Covid-19 continuing to impact our everyday life, the schooling system across the country is gearing up for an …
Sri Lanka to receive same benefits of EU GSP+ for UK from 2021
Nov 14, 2020 (LBO) – Since the UK is the main market for Sri Lanka’s exports to the EU region and the second largest export market after the USA, it is …
Comm Bank Group’s operating income up 11.84-pct to Rs.55.8Bn
Gains from governmentsecurities, foreign exchange (FX)swap trading and FXtrading activities have enabled the Commercial Bank of Ceylon Group to mitigate to …
Teejay reports net profit of Rs.631Mn in Q2
Teejay Lanka PLC has adapted to the “new normal” to post an improved performance in the three months ending 30th September 2020. Sri Lanka’s only …
Opinion: The new normal customer, Digital outlook
Chathura Jayawardena, Director of Abans Information Systems Dealing with the unexpected as expected would become the new norm business skill which …
Sampath Bank reports resilient financial performance in nine month ended Sept 2020
Sampath Bank recorded a profit before tax (PBT) of Rs 6.99 Bn and a profit after tax (PAT) of Rs5.09 Bn for the nine months ended 30th September 2020. This is …
Port City assures measures in place to prevent spread of COVID -19
This is to inform the public that on 11th November 2020, two local workers and four Chinese employed at another CHEC projectin Kotahena, Colombo 13 who were …
Dialog Axiata consolidates YTD performance with stable Q3
Dialog Axiata PLC announced, Wednesday 11th November 2020, its consolidated financial results for the nine months ended 30th September 2020. Financial results …
Sri Lanka’s INIVOS and UK’s Muzulu in partnership to offer full-scope Enterprise solutions
INIVOS Consulting, the fully fledged Sri Lankan Enterprise Resource Planning (ERP) solutions provider announced its partnership with Muzulu, the UK based …
Exports propel Hayleys to new heights; declares best ever six months
The Hayleys Group delivered a record profit in the first six months of FY 2020/21, with pre-tax profit nearly tripling to Rs. 5.52 billion compared to the …
Fitch affirms Lion Brewery at ‘AAA(lka)’; Outlook Stable
Nov 11, 2020 (LBO) – Fitch Ratings has affirmed Sri Lanka-based Lion Brewery (Ceylon) PLC’s National Long-Term Rating at ‘AAA(lka)’. The …
Upgrading higher value-add by leveraging local resources, a key focus at SL Eco Summit 2020
The Sri Lanka Economic Virtual Summit (SLES)will have a session focusing on unlocking competitiveness for domestic industries by leveragingon technology, …
EUR 280Mn financing by European bilateral development finance institutions and EIB
As part of Team Europe’s response to the Covid-19 pandemic, eleven members of EDFI, the Association of European Development Finance Institutions[1], are …
United Motors records Rs.366mn Group Profit in Q2 despite challenges in automobile sector
UML Group recorded a profit of Rs.366 million for Q2 compared to Rs.13.5 million in Q2 for the financial year 2019/20. The recorded Group revenue was Rs.4.3 …
Singer Finance leads tier two rankings by K Seeds Investments
In the latest national rankings of ‘Listed Finance Companies of Sri Lanka’ Report by K Seed Investments, Singer Finance (Lanka) has seized the best …
ICRA: Economy at a glance for 3Q 2020
Highlights 3Q 2020 was shaping up to be the turning point from the depths of economic contraction, but the fast escalation of second wave of Corona infections …
Expolanka records revenue of Rs.49Bn and PAT of Rs.4.5Bn in Q2 FY 2021
Expolanka Holdings PLC secured exceptionally strong top and bottom line growth during the quarter ended 30 September 2020 (2Q20), largely as a result of a …
CCC Academy and Facebook host webinar for SME’s on use of digital platforms
The spread of COVID-19 has led to a global health and economic crisis, and caused unprecedented changes to the way consumers and businesses interact on a daily …