National Audit Office highlights discrepancies over debt figures in treasury, CBSL records
The latest report of the Auditor General’s has observed that there are inconsistencies between the records of the central and…
Category: BUSINESS
Aitken Spence records profit of Rs. 4.2 billion in 2019-2020 amidst unprecedented challenges
Amidst unprecedented challenges Aitken Spence PLC has recorded a profit before tax of Rs. 4.2 billion in the financial year…
YouTube CEO says people are discovering different kinds of videos as the pandemic rages
In between all the music performances and prank videos that are staples of YouTube’s trending video section, there are a few that…
EU plans to raise $1241.40 billion to aid recovery from the coronavirus recession
The European Commission has proposed giving hundreds of billions of euros to EU countries that have seen their economies devastated by the…
France announces $13.20bn rescue plan for car industry
The French government has announced an $13.20bn ($13.16bn) rescue plan for its car industry, which has been severely impacted by the…
Seylan Bank records Rs. 902 Mn Profit-after-Tax in Q1 2020
Seylan Bank recorded a Profit after Tax of Rs. 902 Million in Q1 despite challenging market conditions. Net interest income…
Rolls-Royce to cut 9,000 jobs amid virus crisis
Rolls-Royce has said it will cut 9,000 jobs and warned it will take “several years” for the airline industry to…
PickMe App creates opportunity for a marginalised community
Vesak week brought another first for PickMe when they delivered hundreds of lanterns to a locked-down urban populace. The taxi-hailing…
Amãna Bank continues profit momentum in Q1. Records strong growth in deposits
Amãna Bank achieved a commendable Q1 performance in 2020, which saw its customer deposits grow by Rs 5.4 billion or…
S&P SL20 index records its highest daily percentage gain in history
The S&P SL20 Index of the Colombo Stock Exchange (CSE) today (21) marked its highest daily percentage gain in CSE…