Singer Group posts Rs. 58.5 Billion revenue for 2018/2019, 10% growth from previous year
The Singer Group reported revenue amounting to Rs 58.5 billion for the twelve-month period 2018/19, compared to Rs. 53.1 billion…
Category: BUSINESS
Sri Lanka’s Commercial Bank’s deposits surpass landmark Rs 1 Trillion in Q1 2019
The Commercial Bank Group comprising of the Commercial Bank of Ceylon PLC, its subsidiaries and associates, has reported gross income…
Russian tour operators visit Sri Lanka with Aitken Spence Travels
A group of 12 tour operators from St. Petersburg, Russia is currently in Sri Lanka for a familiarization tour with…
Dialog consolidates performance with strong 1st Quarter results
Dialog Axiata PLC Tuesday announced its consolidated financial results for the three months ended 31st March 2019. Financial results included…
IMF approves disbursement of USD 164.1 million for Sri Lanka
On May 13, 2019, the Executive Board of the International Monetary Fund (IMF) completed the Fifth Review of Sri Lanka’s…
Trade war: US raises tariffs on $200bn of Chinese goods
The US has more than doubled tariffs on $200bn (£153.7bn) worth of Chinese products, in a sharp escalation of their…
Sri Lanka to purchase 325 luxury buses from Ashok Leyland at a cost of over Rs. 3.6 billion
Sri Lanka’s Cabinet of Ministers has given the nod for the government to purchase 325 luxury buses form Lanka Ashok…
Relief package to strengthen tourism industry affected by Easter attacks approved
The approval of the Cabinet of Ministers has been granted for the proposed “Relief Package” to strengthen the tourism industry…
VAT in tourism industry reduced to 5%
The VAT on hotels and tour operators in the tourism industry has been reduced from 15 percent to 5 percent,…
‘BOC – no.1 banking brand and the only Sri Lankan bank to cross Rs.50 billion brand value’
BOC, while becoming the first bank to exceed Rs.50 billion in brand value, has retained its position as the no.1…