Category: Other
DFCC Bank profit after tax up 34-pct in 2017 amid tight margins
DFCC Bank continued to demonstrate positive momentum across businesses in 2017 as a rapidly growing commercial bank completing its second year after the amalgamation. Despite a backdrop of higher taxes, volatile interest rates, tight margins and intensifying competition, the Bank closed the financial year ended 31 December 2017 with a profit before tax of LKR […]
Hayleys Advantis Does the Heavy Lifting for IRONMAN 70.3 Colombo
(PRESS RELEASE) – Lending its expertise in end to end logistics management to ‘Sri Lanka Wonder of Asia IRONMAN 70.3 Colombo’, Hayleys Advantisannounced that it is handling the movement of all cargo being brought to Colombo from the IRONMAN regional hub in Malaysia. Advantis’ teams in Colombo are working closely with Advantis Malaysia on this.The […]
Hemasiri Fernando’s new book on Ceylon Railways launched
There are very few books in the literary world that offer you worthwhile reading about the history of Ceylon Railways. Fewer still; books written in English by Sri Lankan authors with hands on experience on this particular subject. Among them, there are two books that comes to any railway expert’s mind; ‘The Viceroy Special’ and […]
DIMO launches German-certified Automobile Mechatronics course
(PRESS RELEASE) Diesel & Motor Engineering PLC (DIMO), one of the leading automobile companies in Sri Lanka, will beoffering a three-year course paving the way for students to obtain a German qualification in Automobile Mechatronics. Accredited by the German Chamber of Commerce, this is the first time such a course is offered in Sri Lanka. […]
Nawaloka Hospital opens dedicated specialist centre for channelling
Sri Lanka’s pioneer in premium private healthcare, Nawaloka Hospital PLC set another benchmark in the country’s health sector by opening its dedicated ‘Specialist Centre’ for Channelling and medical services which brings together over 500 consultants from various disciplines under the same roof. The Specialist Centre built with an investment of Rs.5 billion, as the fourth […]
JLL Sri Lanka sponsors first PropertyGuru Asia Property Awards in Colombo
(PRESS RELEASE) The PropertyGuru Asia Property Awards (Sri Lanka), the premier industry awards ceremony that will be held for the first time in Colombo in 2018, welcomes the support and sponsorship of JLL Sri Lanka, the country’s leading professional real estate services firm. Following the unprecedented success and overwhelming positive reception from Sri Lankan developers that […]
Mobitel named fastest mobile network in Sri Lanka by Ookla
Ookla has declared the National Mobile Service Provider, Mobitel, its Speedtest Award Winner for having the Fastest Mobile Network in Sri Lanka. Speedtest Awards are licensed to Internet Service Providers and mobile carriers around the world that are determined by Ookla to be the fastest in their market. Sri Lanka’s Award was determined using a proprietary […]
Colombo Coffee Company opens Sri Lanka’s first dedicated coffee store
The flag carrier for Lavazza Coffee and the only total coffee solutions provider in Sri Lanka, Colombo Coffee Company (CCC) recently opened doors to Sri Lanka’s first dedicated coffee store. The one-of-a-kind store located at Ward Place was declared open by Chairman of CCC Ajith Dias. Directors Lalin Dias and Hiran Embuldeniya were also present. […]
Piramal Glass Ceylon gross profit crosses Rs1Bn
For the nine months ended Dec 31, 2017 the overall turnover of Piramal Glass Ceylon was on par with the previous year’s sales of Rs.5 billion mark. The domestic sale for the period was Rs.3,375 million as against the previous year’s Rs. 4,065 million depicting a drop of 17%, whilst the export market showed a […]
‘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 billion an expected National Long-Term Rating of ‘AA-(lka)(EXP)’. The debentures will have maturities of five and 10 years and carry fixed coupons. The debentures will qualify as Basel III-compliant regulatory Tier 2 capital for […]
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 offline payment platform operated by Ant Financial Services Group.This latest partnership will allow Sampath Bank’s local merchant partners to tap in to the multitude of incoming tourists from China […]
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.112.3 billion during the nine months to 31 December 2017 while gross profits expanded by 29% YoY up to Rs. 24 billion. Increases in raw material prices and adverse weather […]