Less than 10 per cent of investors in Sri Lanka’s luxury residential property developments are foreigners because purchase of residential property is not as yet linked to residency privileges, the internationally-acclaimed global leader in Business Intelligence Oxford Business Group (OBG) reported recently.
The Sri Lankan multinational Haycarb PLC reported revenue of Rs. 15.5 billion, profit before tax of Rs. 926 million and profit after tax of Rs. 774 million for financial year 2017/18.
Turret, a top designer outlet that specializes in the sale of luxury watches, writing instruments and leather accessories for high-end customers recently initiated a special promotion at their new store at the World Trade Centre (WTC).
HNB posted a strong start to 2018 with first quarter PAT growing by 22.5% to Rs 4.5 Bn, while the Group reported a PAT of Rs 5 Bn which is a 24% growth from last year.
Commercial Bank of Ceylon PLC has reported profit before VAT and NBT of Rs 7.677 billion and profit before tax of Rs 6.337 billion for the first quarter of 2018, with growth of 21.07% and 21.36% respectively signalling an exceptionally strong start to the financial year 2018.
Sri Lanka’s National Mobile Service Provider, Mobitel, was bestowed honours with 3 awards in high profile categories at the ACEF 2018 7th Global Customer Engagement Forum & Awards held in Mumbai, India recently.
Emirates will commence its signature Ramadan service for customers during the holy month, expected to begin on May 17th.
Build Sri Lanka Construction exhibition is the largest, Construction Industry related exhibition and brings together the value chain of the industry under one roof.
Emirates, the world’s largest international airline, and Formula 1®, the pinnacle of motorsport, have announced they have renewed and expanded their partnership until the end of 2022.
Sri Lanka’s most innovative bank, HNB PLC announced the launch of a convenient new Business Card specially designed to empower the country’s most dynamic enterprises with complete digitization and comprehensive, secure management of organizational transactions, in partnership with Mastercard.
