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‘The index descends marginally amidst high volatility’

BusinessTags: Print EditionThe bourse closed after a volatile trading session as the index fell below 8,900 points during midday yet recovered towards the end partially offsetting the losses as it halted at 8,906 losing 22 points. Moreover,…

SriLankan Airlines Group posts Rs 1.7 Bn operating profit

BusinessTags: Print EditionSriLankan Airlines Group has made an operating profit amounting to Rs 1.7 billion in the year according to the audited financial statement and before the occurrence of exchange losses. “This is a significant…

Amana Bank posts double digit PBT growth for Q1

BusinessChairman Asgi Akbarally andManaging Director/CEO Mohamed AzmeerTags: Print EditionAmana Bank PLC achieved a double digit growth (10%) in Profit Before Tax for Q1 2023, to close at Rs 423.5 million in comparison to Rs 385.8 million…

Rupee appreciates by 15.8% against the US dollar

BusinessTags: Print EditionDuring the year up to May 12, 2023, the Sri Lankan rupee appreciated against the US dollar by 15.8% according to the Central Bank. Given the cross currency exchange rate movements, the Sri Lankan rupee appreciated…

NDB posts strong first quarter performance

Post-tax profitability up by 33% to Rs 805 MnBusinessChairman Sriyan Cooray and Director, CEO Dimantha SeneviratneTags: Print EditionNational Development Bank PLC posted satisfactory results for the first quarter of 2023 reordering a…

Sri Lanka placed on semi-annual review basis -IMF

BusinessJulie Kozack, at the IMF Press briefingTags: Print EditionThe International Monetary Fund (IMF) review on Sri Lanka would be in around six months as the island nation is placed on a semi-annual review (two reviews per year) basis,…

Queen of Polish Pop “DODA” visits Sri Lanka to promote destination

Business‘Doda Queen’ at the Nine Arch Bridge and with Minister of Tourism Harin Fernando and other officials (insert)Tags: Print EditionSri Lanka Tourism hosted popular Polish celebrity, Dorota Aqualiteja Rabczewska a well-known Polish…

Hambantota International Port launches duty free complex

BusinessRoyale Duty Free Shop Opening Ceremony at Hambantota International Port Industrial Park. Tags: Print EditionThe Hambantota International Port (HIP) launched its Duty Free Complex with the opening of 2 duty free shops within the…

Kingsbridge American College holds Bak Maha Ulela

BusinessTags: Print EditionThe Sinhala and Hindu New Year celebrations of the Kingsbridge American College were held recently. Students of all branches of Kingsbridge American College, teachers and other staff members participated in the…