Business

A unique, commemorative publication in celebration of the People’s Bank’s 60th Anniversary was officially presented by People’s Bank Chairman Sujeewa Rajapakse to Prime Minister Mahinda Rajapaksa at Temple Trees recently. The specially…

HNB Assurance PLC (HNBA) and its fully owned subsidiary, HNB General Insurance Limited (HNBGI) recorded a Profit After Tax (PAT) of Rs 285 million for the first half of 2021 (excluding surplus transfers from the Life Fund which will be…

D P Global Ventures (DPGV), the agricultural wing of the David Pieris Group of Companies, recently concluded its first export consignment to the Russian market. The first shipment consisted of a range of dehydrated fruits such as…

The Board of AIA Group released financial results for the six months ended 30 June 2021 with a 22% growth in value of new business (VONB) to US$1,814 million. Their Operating profit after tax (OPAT) increased by 5 per cent to US$3,182…

Ambassador, Dr. Palitha Kohona signed a RMB 2,000 million Term Facility Agreement with the China Development Bank (CDB) on August 17, 2021. Director General of International Cooperation Department II, Global Finance of the CDB Wang Wei…

Both Global and Sri Lankan investors and the business community need a clear and long term debt repayment plan spelt out by the government, Ceylon Chamber of Commerce Chairman Vish Govindasamy said. At a special virtual press…

Softlogic Holdings PLC delivered a robust business performance in 1QFY22 achieving a consolidated top line of Rs. 24.5 billion, up 73% (1QFY21 - Rs. 14.2 billion). The quarterly operating profit was Rs. 2.3 billion (operating loss of…

The Professionals National Front (PNF) alleged that any reform laws governing the Urban Development Authority (UDA) may be part of the Millennium Challenge Corporation (MCC) agenda for land reform in Sri Lanka. They noted that the…