Non-Banking Financial Institutions (NBFI) sector has evolved over the past years to be a stronger force in the finance industry in Sri Lanka.
Iconic Developments recently signed a Memorandum of Understanding (MoU) with leading bank NDB to widen the scope of financing options for prospective homeowners of the latest luxury living space, the “Iconic Galaxy” on Buthgamuwa Road, Rajagiriya.
Softlogic Finance PLC, a subsidiary of Softlogic Capital PLC has announced a capital infusion of Rs. 1.9 Billion by way of a Rights Issue.
With the appointment of the new cabinet of ministers bringing about, a re-start to Sri Lanka’s economic activities, the Colombo Stock Brokers Association (CSBA) extends its wholehearted congratulations and best wishes to the new government, Hon. Prime Minister Mahinda Rajapaksa, and newly-appointed State Minister Hon. Ajith Nivard Cabraal for Finance, Capital Markets, and State Enterprise Reforms.
Data presented by Buy Shares indicates that Tesla accounted for 81.66% of all-electric vehicles sold in the United States as of H1 2020.
SampathCards joined hands with Uber and Uber Eats to offer Cardholders ‘Cash Back’ rewards on payments made on Uber and Uber Eats using their Sampath Mastercard Corporate Credit Card.
The Commercial Bank of Ceylon Group has reported mixed results for the first half of 2020, with robust top line growth negated by a combination of factors including pressure on interest margins due to reduced credit demand and interest concessions granted as pandemic relief to borrowers, increasing impairment provisions and low yields on surplus liquidity.
Softlogic Finance PLC is pleased to announce the appointment of key members to its Senior Leadership Team. Roger Rozairo joins as its new Chief Operating Officer; Ivon Brohier, as its new Chief Financial Officer and Dayan Ranasinghe, as its new Head of Delivery Channels.
The Commercial Bank of Ceylon has introduced a new service for the benefit of its ComBank Credit Cardholders – ‘Card Balance by Missed Call’ – a Missed Call Alert Service to increase the convenience enjoyed by them.
99X Technology is pleased to announce that Tracified, a company incubated within its innovation center/accelerator StartupX Foundry, has received an equity investment from 360ip, a venture capital firm based in Tokyo.
Teejay Lanka PLC has reported operating profit of Rs 15.2 million and profit before tax of Rs 13.9 million for the first quarter of 2020-21 but posted a nominal net loss – its first since being listed on the Colombo Stock Exchange (CSE) – directly as a result of the loss of production and orders due to the COVID-19 pandemic.
