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Sampath Bank 2Q profit jumps 64%

Sri Lanka, Aug. 14 -- Sampath Bank PLC reported a 64 percent increase in second-quarter profit, as higher interest, fee and foreign-exchange income combined with a sharp reduction in impairment charge... Read More


ComBank posts 8% profit growth as provisions weigh on strong income

Sri Lanka, Aug. 14 -- Commercial Bank of Ceylon Group's second-quarter net profit rose 8 percent from a year earlier, as loan growth and a turnaround in trading income helped counter a near-tripling o... Read More


JXG to acquire 100% stake in Continental Insurance Lanka

Sri Lanka, Aug. 14 -- Janashakthi PLC (JXG) yesterday disclosed it entered into a Share Purchase Agreement with Melstacorp PLC (MELS), the sole shareholder of Continental Insurance Lanka Limited (CILL... Read More


NTB 2Q profit jumps 133% on HSBC acquisition

Sri Lanka, Aug. 14 -- Nations Trust Bank PLC's profit in the second quarter (2Q) more than doubled as earnings benefited from the acquisition of HSBC Sri Lanka's retail banking business and a one-off ... Read More


PABC 2Q profit up 28% on tax reversal

Sri Lanka, Aug. 14 -- Pan Asia Banking Corporation PLC's second-quarter net profit grew 28 percent from a year earlier, as a reversal of excess income tax provisions outweighed higher impairment charg... Read More


Audit exposes decades of environmental compliance gaps, millions sunk in ghost projects at BOI

Sri Lanka, Aug. 14 -- The Board of Investment (BOI) is facing regulatory pressure following an Auditor General's report that has laid bare environmental compliance failures and capital expenditure lap... Read More


When the Gatekeepers Become the Gateway

Sri Lanka, Aug. 14 -- Senior Superintendent of Police (Retd.) Former Deputy Director in Charge, Counter-Terrorism Desk, State Intelligence Service (2005-2009) The recent arrest of a 53-year-old p... Read More


Sri Lanka faces tougher test to retain EU GSP+benefits

Sri Lanka, Aug. 14 -- The United Nations Conference on Trade and Development (UNCTAD) called on developed countries to help developing countries integrate into the world economy in the 1960s. The Gene... Read More


More competition better prices - why the CEP 4 tender risks wasting public money.

Sri Lanka, Aug. 14 -- According to the senior engineer, the fundamental issue is not whether the Road Development Authority (RDA) has followed procurement procedures, but whether the conditions set fo... Read More


Remembering Gunapala Malalasekera: Great Intellectual who brought Sinhala and English together

Sri Lanka, Aug. 14 -- In today's world, we are unlikely to encounter another academic, scholar, and diplomat who has left such an indelible mark-both internationally and within the nation's own histor... Read More