Diesel & Motor Engineering PLC (DIMO) & HNB Finance Ltd once again partnered to foster the Tata Commercial vehicle range which includes a rich product portfolio starting from the mini trucks (Payload below 1 ton), Single cabs, Intermediate & Light Commercial Vehicles (Deck length vary from 10 feet to 20 feet), Heavy Commercial Vehicles, Buses (Seating capacity vary from 29 to 54 seaters), 40-footer containers haulers & Tata Passenger Vehicles.
The Commercial Bank of Ceylon PLC has reported an operating profit of Rs 31.6 billion for the year ended 31st December 2018, reflecting a growth of 12.8% before taxes on financial services, in a financial performance Sri Lanka’s benchmark private bank describes as a “perfect example of progress under duress.”
The Commercial Bank of Ceylon and Ideal Motors (Pvt) Ltd. have joined hands to offer attractive discounts, reduced lease rentals and other benefits to customers leasing Mahindra branded commercial vehicles.
Sampath Bank recorded a Profit before Tax (PBT) of Rs 18.3 Bn for the year ended 31st December 2018, up by 10.5% against Rs 16.6 Bn earned in 2017 after making necessary adjustments as per the SLFRS 9 new accounting standard which required impairment provisioning to be shifted from the incurred credit loss method used previously to the more forward-looking “expected credit loss” method (ECL), which has attracted higher impairment provisions..
Commercial Bank Credit Card holders can go on exciting holidays to charming hotels across the island while enjoying a discount of up to 50% on accommodation, thanks to the return of the Bank’s ‘Easy Vacation’ promotion.
LOLC, one of Sri Lanka’s largest non-banking financial institutions and conglomerate, has signed an Unlimited License Agreement with Oracle to access its Oracle Cloud Platform in order to facilitate its global expansion.
Iconic Sri Lankan multinational, Hayleys PLC, recorded a strong all-round performance in the third quarter of 2018 (3Q18), as the Group turnover rose by 20% Year-on-Year( YoY) to Rs. 59.7 bn, resulting in a sharp 80% YoY increase in Group’s Earnings Before Interest, Tax, Depreciation and Amortisation ( EBITDA) toRs. 9 bn for the quarter.
eMarketingEye (www.emarketingeye.com), the award-winning Sri Lankan Digital Marketing Agency and a pioneer in the industry,reached a significant milestone as it celebrated its 12th anniversary recently.
The Colombo Stock Exchange (CSE) announces the appointment of Mr. Dimuthu Sanjaya Abeyesekera and Mr. Murtaza Jafferjee as Directors of the CSE Board with effect from 1st February 2019.
Pioneering entrepreneurship program Venture Engine is within sight of its finale, which is scheduled to take place on Wednesday, February 21st, 2019 at Hatch – Sri Lanka’s largest co-working space.
Expert financial planner NDB Wealth marked Sri Lanka's 71st Independence Day on February 4, 2019.
