Category:
‘s Comm Bank reports PBT of Rs.6.3Bn, up 21-pct
May 15, 2018 (LBO) – Commercial Bank of Ceylon PLC has reported profit before VAT and NBT of 7.677 billion rupees and profit before tax of 6.337 billion rupees for the first quarter of 2018, with growth of 21.07 percent and 21.36 percent respectively. Gross income for the three months ending 31st March 2018 was up […]
Facebook to empower youth & entrepreneurs in Sri Lanka
May 15, 2018 (LBO) – Facebook’s global ‘Boost Your Business’ program is now available for the youth and entrepreneurs of Sri Lanka. Facebook has partnered with the ICTA of Sri Lanka to train 10,000 small business owners across the country by the close of 2018. In the first phase, the programmed will cover Colombo, Galle, […]
HNB Group records Rs7.2Bn PBT in Q1
May 15, 2018 (LBO) – Sri Lanka’s Hatton National Bank reported a first quarter profit after tax growth of 22.5 percent to 4.5 billion rupees, while the Group reported a PAT of 5 billion rupees which is a 24 percent growth from last year.HNB expanded its loan book by 33.7 billion rupees during the quarter […]
China approves USD1bn for 1st phase of Central Expressway construction
May 15, 2018 (LBO) – Chinese Government has approved 1 billion US dollars for the phase I of the Central Expressway construction and instructions have also been given to Chinese EXIM bank to process the loan, Prime Ministers Office said. Chinese Ambassador to Sri Lanka has met with Prime Minister Ranil Wickeremesinghe yesterday to break the […]
SL welcomes Panmunjom Declaration & looks forward to US-DPRK summit
Statement on the Inter-Korea Summit on 27 April 2018 Sri Lanka welcomes the Inter-Korea Summit between the leaders of the Republic of Korea and the Democratic People’s Republic of Korea on 27 April 2018 and the adoption of the Panmunjom Declaration for Peace, Prosperity and Unification of the Korean Peninsula. We look forward to the […]
Sri Lankan and U.S. doctors pioneer first robot-assisted surgery Onboard USNS Mercy
May 14, 2018 (LBO) – U.S. and Sri Lankan surgeons conducted the first ever robot-assisted surgery aboard the USNS Mercy on May 4. The joint team of multinational surgeons and medical professionals successfully completed a cholecystectomy, or gall bladder removal, on a Sri Lankan citizen using a Da Vinci XI Robot Surgical System. “This landmark surgery […]
Mastercard and SLTPB invite Indian travellers to discover the best of Sri Lanka
Discounts on Flights, Hotel Stays and Shoppingset to give Indians more reasons to visit Sri Lanka Mastercard and the Sri Lanka Tourism Promotions Bureau (SLTPB) are offering exciting opportunities for Indian travellers to avail the convenience of cashless payments and attractive discounts on dining,shopping and staying in Sri Lanka. This is part of their ongoing […]
Sri Lanka among most exposed countries to an interest rate shock: Moody’s
May 14, 2018 (LBO) – Moody’s Investors Service said the probability of an interest rate shock tends to be higher for Sri Lanka as the country is most exposed to a higher cost of debt that feeds mostly through weaker debt affordability.“The sovereigns most vulnerable to an interest rate shock are generally low rated, with […]
Top Harvard Professor to speak at CCC’s Future of Business event
World renowned and leading academic in development economics, Professor Ricardo Hausmann will share his insights on innovation from a global perspective at the Ceylon Chamber’s ‘Future of Business, Innovation in Action Event’ this Thursday. Professor Hausmann is an acclaimed advisor to governments on improving competitiveness, and has helped countries diversify into more innovative and complex […]
‘t give up on UNP leadership
May 14, 2018 (LBO) – Sri Lanka’s Finance and Media Minister Mangala Samaraweera recently revealed the reason as to why current leader of the UNP is not going to give up his leadership position. “I remember how Anura Bandaranaike went against Madam Sirimavo in late 80’s,” Samaraweera reminded. “But she didn’t give up on the […]
Iranian companies to provide tech and engineering services to Sri Lanka
May 14, 2018 (LBO) – Iranian President Hassan Rouhani said that relations between Iran and Sri Lanka will be developed in all fields, stressing that the two countries have reached good agreements in economic fields of mutual interest to both. He said that Iranian companies are ready to provide technical-engineering services to Sri Lanka. “Relations between […]
Sri Lanka GDP will grow at 3.7-pct in Q1
May 14, 2018 (LBO) – Sri Lanka’s will grow at 3.7 percent in the first quarter of 2018, althought this below the islands potential, the Governor of the Central Bank said. “The growth will be supported by the services sector, but is still below potential,” Dr. Indrajit Coomaraswamy, Central Bank Governor told reporters in Colombo recently. The Monetary […]