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Seylan Bank closes 2019 with Rs3.68Bn profit; crosses Rs500Bn in total assets

Sri Lanka, Feb. 24 -- In the backdrop of challenging external environment, Seylan Bank recorded a profit after tax of Rs.3.68 Bn for the year ended 31st December 2019. Successful and oversubscribed R... Read More


SLPA signs consultancy deal to conduct feasibility for Colombo North Port

Sri Lanka, Feb. 24 -- Sri Lanka Ports Authority (SLPA) has signed the consultancy service agreement to conduct a feasibility study for the proposed Colombo North Port development project. SLPA said i... Read More


Security structure of APAC cannot be duplicated in Indian Ocean: RW tells India

Sri Lanka, Feb. 24 -- The security structure of the Asia Pacific cannot be duplicated in the Indian Ocean as the region has avoided such alliances, unlike the Asia Pacific whose security structure has... Read More


Mobitel introduces latest Apple iPad 2 and watch

Sri Lanka, Feb. 24 -- As the authorized reseller for apple devices ranging from iPhones, iPads, Apple watches, Mobitel is introducing the next generation Apple iPads and Apple Watch Series 5 to the lo... Read More


Foreign Ministry ensures welfare of Lankans following COVID-19 concerns in S Korea

Sri Lanka, Feb. 22 -- The Ministry of Foreign Relations in coordination with the Sri Lanka Embassy in Seoul has been closely monitoring and coordinating efforts to ensure the safety of Sri Lankans res... Read More


Private sector keen to join mobilization of domestic investment for SDGs

Sri Lanka, Feb. 22 -- For mobilizing domestic investment for the Sustainable Development Goals (SDGs), the Government needs to develop different schemes of blended finance, non-state budget investment... Read More


Central Bank responsible for taking legal action on forensic audit: President's Secretary

Sri Lanka, Feb. 21 -- Secretary to the President, P B Jayasundera has informed COPE Chairman and JVP Parliamentarian Sunil Handunnetti that it is the responsibility of the Central Bank to take legal a... Read More


Pan Asia Bank records its best-ever financial results

Sri Lanka, Feb. 21 -- Pan Asia Banking Corporation PLC, "the Truly Sri Lankan Bank" ended 2019 Q4 with its best financial results ever, to report a Post Tax Profit of Rs.726.84 million during the fina... Read More


NDBIB wraps up 2019 with Rs.62Bn in Capital raisings

Sri Lanka, Feb. 20 -- NDB Investment Bank (NDBIB) continued to execute milestone transactions in 2019, reiterating its position as the unrivalled leader in investment banking in the country recording ... Read More


Sri Lanka's export performance in 2019

Sri Lanka, Feb. 20 -- Total exports of the country recorded US$ 16.14 Bn in 2019, which comprised of US$ 11.94 Bn Merchandise exports and USD 4.2 Bn of Service exports. The Service exports include 'IC... Read More