Business

EDB Chairman Suresh De Mel noted that Sri Lanka’s future success in exports would be driven on the back of a niche-product strategy. He noted multiple successes of export revenue generation companies and how they have successfully…

99x received investment as part of its Capital Restructuring program, an investment of USD 20 million towards its next phase of planned growth. The funds were through an investment from Herkules Deal-by-Deal, a Scandinavian private…

Veteran banker, K.E.D. Sumanasiri assumed duties as the General Manager of Bank of Ceylon, commencing from August 16, 2021. Sumanasiri assumed duties as the 22nd General Manager of the Bank of Ceylon General Manager’s office at the…

Insurer Janashakthi Insurance PLC, announced the appointment of Anil Tittawella as the company’s Chairman with effect from August 11, 2021. Anil Tittawella succeeds Prakash Schaffter, as he steps down from his role as the Executive…

Sri Lankan insurer Co-Operative Insurance, recently announced their plans to go for its first Initial Public Offering (IPO) in 2021 following a commanding financial performance for the past year. The IPO will be managed by the Merchant…

Access Engineering PLC, engineering company interim financial statements for the 3 months ended 30 June 2021 saw them record an impressive after tax profit of Rs. 550 million at the Company level for the quarter with a corresponding…

Abans PLC, has reported a commendable performance in Q1 FY22, despite the pandemic-induced economic slow-down intensified by a month-long island wide lockdown. Abans PLC generated revenue of Rs. 10.6 billion in Q1 FY22 against Rs. 6.7…

First Capital Holdings PLC (the Group), a member of the Janashakthi Group recorded a Profit after Tax of LKR 136Mnfor the first quarter of 2021 (1stQuarter of 2021/22) compared to LKR 1.46Bn in the corresponding period of the previous…

Seylan Bank has introduced online account opening for Seylan Tikiri, the minor savings brand with its responsible banking principles. The initiative will ensure greater safety and convenience for its youngest customers and…

Amana Takaful Insurance have leveraged on the customer-centricity with a much-awaited insurance policy that caters to everyone; from all walks of life. Amana Takaful Life Insurance is offering customizable life insurance plans,…