Capitol TwinPeaks unveils ‘Capitol-ize investment Scheme’ for buyers
Capitol Developers – the Developer of Capitol TwinPeaks, the 50-storey twin-tower, mixed development under the Sanken Group, recently announced the …
Industry
Financial results of Sampath Bank for Q1 of 2021
The Bank recorded a Profit before tax (PBT) of Rs 6.1 Bn in 1Q 2021 compared to Rs 3 Bn in 1Q 2020, denoting a growth of 101%, while Profit after tax (PAT) …
Widespread informality likely to slow recovery from COVID-19 in developing economies
A strikingly large percentage of workers and firms operate outside the line of sight of governments in emerging market and developing economies (EMDEs)—a …
Prime Residencies IPO oversubscribed on opening day
Following the debut of Prime Lands Residencies’ Initial Public Offering (IPO) yesterday (11), the company’s oversubscription forecasts proved to be true as …
Melstacorp Chairman Harry Jayawardena visits Colombo Port City
Leading businessman Harry Jayawardena of Melstacorp PLC was recently hosted at the Port City Colombo project development site by Executive Project Management …
SLAITO welcomes temporary ban on Indian arrivals
Sri Lanka Association of Inbound Tour Operators (SLAITO) yesterday welcomed the move by Civil Aviation Authority to temporarily halt passengers from …
Opinion:Today’s CFO is the protector of tomorrow’s business resilience
By Sherman Gunatillake With market uncertainty and disruptions across different business verticals christened as the ‘New Normal’, the chief financial …
Rizing acquires attune Lanka from MAS Holdings
MAS Holdings announced today, that in line with its long-term strategic objectives, it has concluded the acquisition of its subsidiary attune Lanka (Private) …
Fitch affirms DSI Samson Group at ‘AA(lka)’; Outlook stable
Fitch Ratings has affirmed Sri-Lanka based footwear and tire manufacturer and retailer DSI Samson Group (Private) Limited (DSG) at ‘AA(lka)’. The …
China backed Port City missing link for SL to become game changer; no threat to sovereignty
The Colombo Port City, one of Sri Lanka’s most significant projects with tremendous potential has to go forward in the right direction as a game-changer …
ComBank raises interest rate on ‘FC Plus’ foreign currency accounts to 4.5-pct per annum
The Commercial Bank of Ceylon has announced a significant increase in the interest rate offered to Sri Lankan Personal Foreign Currency (PFC) account holders, …
Prime Lands Residencies Limited debuts IPO
Prime Lands Residencies Limited the condominium property arm of the of real estate artistry in Sri Lanka, Prime Group, recently debuted its Initial Public …
Sri Lanka calls for stronger regional cooperation for building back better from pandemic
Speaking on the theme ‘Building back better from crises through regional cooperation in Asia and the Pacific’ Prime Minister Mahinda Rajapaksa at the …
Citizen or Not: Process and concerns of buying property in Sri Lanka as an expat
By Lanka Property Web With the recent changes in the law welcoming expat Sri Lankans to purchase property in the country, LankaPropertyWeb interviewed Attorney …
EU ‘Farm to Fork’ Strategy: Guidance towards more sustainable and resilient farming and food systems
Ensuring sustainable food security is a vital element of Sri Lanka’s agriculture sector and the country’s economy at large. The COVID-19 pandemic has …
Sri Lanka needs resilient logistics system: World Bank
By Winnie Wang , Senior Transport Specialist, World Bank Logistics carry dreams. Back in 2007, when I applied to graduate schools in the United …
Opinion: Rejuvenating waste plastic bottles, a universal treasure
By Michael F. Perera Valuable resources are extracted every day to develop convenient products such as bottles, containers and more. As the extraction of …
State Minister Cabraal visits Qatar to explore means to expand economic cooperation
A Sri Lankan delegation headed by the State Minister of Finance, Capital Market and State Enterprise Reforms Ajith Nivard Cabraal visited the State of Qatar …
Seylan Bank records Rs.1Bn PAT in 2021 Q1 despite Covid challenges
Seylan Bank made a steady start in 2021 by posting a Profit After Tax (PAT) of LKR 1Bn in Q1 2021 amidst macro-economic challenges brought in by the COVID-19 …
NCPI based inflation increased to 5.1-pct in March 2021
Headline inflation as measured by the year-onyear (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 increased to 5.1 percent in March 2021 …