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“SL need to rationalize State expenditure”

BusinessTags: Print EditionSpeaking at the event, Treasury Secretary Mahinda Siriwardene said Sri Lanka has to rationalize state expenditure, reduce central bank financing and diversify sources of financing. Noting that Sri Lanka is…

“CB’s policy response to economic crisis averted total collapse”

BusinessTags: Print EditionCentral Bank Governor Dr. Nandalal Weerasinghe said the Central Bank’s policy response to the economic crisis helped Sri Lanka to avoid a total collapse of the economy or prevent a crash landing. Policy responses…

India to host G20 summit in 2023, regional countries to benefit

BusinessTags: Print EditionIndia will host the G20 summit in 2023, assuming leadership shortly after the Bali conference in Indonesia this November. In a significant step in this direction, India will assume the G20 Presidency on December…

Bank of Ceylon posts Profit Before Tax of Rs. 27.5 Bn.

BusinessChairman Kanchana Ratwatte and General Manager K E D Sumanasiri Tags: Print EditionBank of Ceylon has reported Rs. 27.5 billion Profit Before Tax (PBT) for the nine-month period ended September 30, 2022 as per its unaudited…

Book on ‘Promoting Employment, Investment and Tourism’ presented to Presidential Advisor

BusinessTags: Print Edition Presentation of the Volume 7 of ‘Promoting Employment Investment Tourism Education Agriculture and Foreign Policy’ book compiled by former Ambassador to Israel, Sarath Wijesinghe to Adviser to President, Dinesh…

BOC appoints veteran banker Russel Fonseka as GM /CEO

BusinessTags: Print EditionBank of Ceylon (BoC), has announced Russel Fonseka as its next General Manager/ Chief Executive Officer. Having joined the BOC in 1990, he has notched up 33 years of service with the banking giant and is currently…

Pan Asia Bank increases interest income by 11% to Rs. 7,433.6 Mn.

BusinessChairman Jayantha S. B. Rangamuwa and MD/CEO Nimal TillekerathneTags: Print EditionPan Asia Banking Corporation PLC reflected resilience amidst a multitude of adversities emanating from challenging macro-economic conditions…

Nations Trust Bank posts PAT of Rs. 5.2 Bn.

BusinessGihan Cooary chairman and CEO/director Hemantha Gunetilleke Tags: Print EditionNations Trust Bank PLC reported a strong third quarter with YTD Operating Income of LKR 27 Bn, up 62% year-on-year (YoY). Despite the volatile…

Budget 2023 to lay new economic foundation

Long-term development to be based on correct and not popular decisions - President BusinessShirajiv SirimaneFizel Jabir and Indunil HewagePresident Ranil Wickremesinghe entering Parliament to deliver the Budget 2023 speechTags: Print…