Category: Other
Arpico Finance partners with mCash to offer digitalized payments
The revolutionary mobile money platform, mCash, which is transforming the country’s electronic payments landscape, has partnered with Arpico Finance PLC to offer customers the facility to make payments via mCash. As a result of this partnership, Arpico Finance Company PLC customers can make their finance and leasing payments via mCash with much more convenience. Customers […]
Hayleys records Rs.52.6Bn turnover in first quarter 2019/20
Aug 09, 2019 (LBO) – Hayleys PLC, demonstrated resilience in challenging conditions to record an improvement in turnover and operating performance during the first quarter of the 2019/20 financial year. The Group’s turnover grew by 4 percent to 52.6 billion rupees during the period, upheld mainly by the top line growth in Hand Protection (+10%), […]
Hayleys PLC records Rs. 52.6 bn turnover in a challenging first quarter of 2019/20
Hayleys PLC, Sri Lanka’s most diversified conglomerate, demonstrated resilience in challenging conditions to record an improvement in turnover and operating performance during the first quarter of the 2019/20 financial year. The Group’s turnover grew by 4% to Rs.52.6 bn during the period, upheld mainly by the top line growth in Hand Protection (+10%), Purification (+24%) […]
Sri Lanka Telecom & Mobitel unveil Digital Roadmap for Northern Province
Sri Lanka Telecom (SLT) and Mobitel, together with the Ministry of Telecommunication and Digital Infrastructure, launched the Digital Roadmap for the Northern Province in the presence of officials and the national media at the Auditorium of the Jaffna District Secretariat in Jaffna. The Roadmap unveiled SLT Group’s progress towards achieving the national goal of transforming […]
Tea: July 2019 national average shows gains month on month
Aug 08, 2019 (LBO) – The national average for the month of July 2019 totalled 497.35 rupees against 494.48 rupees of June 2019, showing a marginal increase of 2.87 rupees month on month and in comparison to July 2018 average of 537.88 rupees however shows a decrease of 40.53 rupees. When analyzing the respective elevational […]
Pakistan suspends trade with India, downgrades diplomatic relations
Aug 08, 2019 (LBO) – Pakistan on Wednesday expelled India’s high commissioner and suspended bilateral trade as a response of India’s move to end special status for Jammu and Kashmir and split it into two union territories. Indian officials, however, says that Islamabad’s decision to suspend trade with its neighbor will hit Pakistan not India. […]
John Keells renews commitment to maintain Slave Island Railway Station
John Keells Holdings PLC (JKH) renewed its 16-year public private partnership with Sri Lanka Railways for the refurbishment and maintenance of the Slave Island Railway Station. A renewal Agreement in this regard was signed on 29th July 2019 between General Manager, Sri Lanka Railways, Mr. M.J. D. Fernando, and JKH represented by Mr. Gihan Cooray, […]
Dushni Weerakoon appointed as member of Monetary Board
Dr (Ms) Dushni Weerakoon has been appointed as a member of the Monetary Board of the Central Bank of Sri Lanka with effect from July 29, 2019. Dr (Ms) Dushni Weerakoon is the Executive Director of the Institute of Policy Studies of Sri Lanka (IPS) and Head of its Macroeconomic Policy research. She joined the […]
”; outlook stable
Fitch Ratings Lanka has affirmed Sri Lanka-based National Insurance Trust Fund Board’s (NITF) National Insurer Financial Strength (IFS) Rating at ‘AA-(lka)’. The Outlook is Stable. The affirmation reflects NITF’s ‘Favourable’ business profile, meaningful recovery in its financial performance, satisfactory regulatory capital position as well as its conservative investment mix. These positives are somewhat counterbalanced by […]
DIMO’s new identity and way forward
(Press Release) – Reposition DIMO inside-out, to grow competitively and profitably considering the challenges of the future. Brand DIMO crosses the big 80-year milestone this year. With every decade DIMO has improved lifestyles of Sri Lankans through multiple interactions. It is a fitting moment to reflect on our successes and strengths but also regroup, to […]
ComBank launches ‘Yasasa’ savings account exclusively for pensioners
The Commercial Bank of Ceylon has launched a savings account exclusively for government pensioners and their widows or widowers, to facilitate access to a host of special benefits the Bank provides to this segment. The ‘Yasasa Pensioners’ Savings Account’entitles pensioners below the age of 69 to apply for an advance of up to 75% on […]
Teejay makes strong start to 2019-20
Teejay Lanka PLC has made a strong start to 2019-20, reporting excellent top and bottom line growth at Group and Company level through efficient capacity utilisation, an improved product mix and effective curbing of non-strategic costs. Sri Lanka’s only multinational textile manufacturer reported Group net profit of Rs 453.7 million and net profit of Rs […]