Softlogic Finance PLC, one of the largest finance companies in Sri Lanka, opened its newest branch in Hatton on 27th May 2015, expanding the company’s branch network to 32 locations, including 21 branches and 11 standalone gold loan centres.
One of the biggest challenges faced in Sri Lanka’s economy has been reduced to a simple tagline: jobs without people and people without jobs.
Integrated infrastructure and engineering solutions provider MTD Walkers PLC announced its sixth consecutive year of 39.1% compound annual revenue growth, ending the year posting a 91.0% growth in profit after tax.
A special Savings Account designed to support micro entrepreneurs and promote financial inclusivity to this segment has been launched by the Commercial Bank of Ceylon, Sri Lanka’s largest private bank.
The Central Depository System (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE) signed a Memorandum of Understanding (MoU) with the National Securities Depository (Pvt) Ltd of India (NSDL), for the purpose of knowledge sharing in the area of depository services.
More than 750 Sri Lankans resident in Bahrain were treated to a multifaceted entertainment show sponsored by Commercial Bank recently as part of its efforts to promote its remittance services in that country.
Reinforcing its status as one of the country’s fastest growing insurers, Asian Alliance Insurance PLC achieved a Gross Written Premium (GWP) of Rs. 867 million for Life, a 21% increase compared with the previous year, whilst consolidated Group premiums that included General Insurance were recorded at Rs. 1,317 million for the first quarter of the 2015 financial year.
The importance of fine paper as a definition of luxury even in the age of digital communication was the theme of a recent seminar in Colombo by Arjowiggins Creative Papers, the owner of the global heritage paper brand Conqueror.
The Rt. Hon. the Lord Mayor of the City of London Alan Yarrow visited the Colombo Stock Exchange (CSE) and took part in the Market Opening Ceremony.
To facilitate open discussion on the critical issue of cost of production (CoP) of tea and affordability of estate sector wages, the Planters’ Association of Ceylon has shared the relevant calculations in a media statement.
Seylan Bank, recorded a strong quarterly performance with Profits before Income Tax reaching Rs. 968 Million, a 21% increase for the 3 months ended 31st March 2015.
