HNB Group records Rs 7.2 Bn PBT in Q1

  Group PAT Rs 5 Bn Bank Cost to Income 36.3% CASA Growth of 10% in 3 months 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. HNB expanded its loan book by Rs...
Posted On 20 May 2018

Vista Rooms continues strong growth in Sri Lanka by expanding its network in the East

Vista Rooms, South Asia’s largest chain of affordable stays, is expanding its operations in the East coast of Sri Lanka following a wave of success in the Western, Central and Southern regions of the country. With a current inventory of 50 rooms in the East, the hospitality...
Posted On 15 May 2018

Top Tips for Best Returns on Apartment Investment

Over the last decade, Colombo City has been rapidly building upwards with the supply and demand of apartments being on the rise. The building boom that is underway in various parts of the city foretells a new era of a city living culture. As the cosmopolitan lifestyle trend...
Posted On 15 May 2018

HNB’s Pettah SME customers get tutored on international trade

Providing further assistance to the small-medium enterprise (SME) segment, Sri Lanka’s premier private sector commercial bank, HNB PLC, announced the successful completion of a workshop on international trade,  aimed at educating HNB’s SME customers in Colombo’s most dynamic...
Posted On 03 May 2018

Talawakelle Tea wins Gold at CA Sri Lanka Annual Report Awards

Leading producer of the highest quality Ceylon Tea, Talawakelle Tea Estates PLC (TTE) was pronounced Gold award winners in the Plantation category at the 53rd CA Sri Lanka Annual Report Awards 2017.   Organized with a view to showcasing companies that attain the highest standards...
Posted On 16 Apr 2018

Ceylon Dollar Bond Fund Opens its Doors to Local Investors

The fund reported a net return of 6.95% in 2016 and 5.25% in 2017   The Ceylon Dollar Bond Fund (CDBF) investing in Sri Lanka Development Bonds (SLDBs), Dollar Sovereign and Bank Bonds, is now eligible to accept investments from any local individual or company. All Personal...
Posted On 07 Apr 2018

JLL Lanka releases 2018 real estate predictions for Sri Lanka; warns of potential challenges for the residential and retail markets beyond 2019

Global real estate consultancy Jones Lang La Salle (JLL) recently announced the company’s predictions for Sri Lanka’s commercial office and retail markets in 2018, identifying opportunities related to the increased investments in the country and broad challenges in the face of...
Posted On 29 Mar 2018

Singer records over Rs. 1bn worth sales of Huawei smartphones in three consecutive months

nova2i tops Rs. 1bn sales within 2 months Singer Sri Lanka, the exclusive national distributor for Huawei smartphones has successfully recorded over 1 billion worth of Huawei smartphones across Sri Lanka, consecutively during the months of November, December 2017 and January...
Posted On 25 Feb 2018


  2017 sees only a marginal increase in cigarette excise revenue -  total revenue stood at LKR 117.3 bn compared to target of LKR 135 bn Smuggled cigarettes booming – 450 mn cigarettes entered illegally in 2017 Smuggled fags now account for 15% of the legal tobacco industry...
Posted On 18 Feb 2018

Hayleys posts strong nine-month topline growth, turnover up 37%YoY to 112.3 Bn

Strong top line performances across the Hayleys Group and the addition of recent strategic acquisitions  resulted in a 37% YoY increase in turnover upto Rs. 112.3 billion during the nine months to 31st December 2017 while gross profits expanded by 29% YoY up to Rs. 24 billion.  ...
Posted On 18 Feb 2018

Haycarb records turnover of Rs. 10.9 billion and profit before tax of Rs. 564 million at Q3 2017/18

Haycarb PLC, the Sri Lankan multinational of Hayleys PLC reported revenue of Rs. 10.9 billion and profit before tax of Rs. 564 million for 9 months ending 31 December 2017. The profit after tax stood at Rs. 473 million. Haycarb PLC Managing Director Mr. Rajitha Kariyawasan said...
Posted On 17 Feb 2018

CAL at the forefront Sri Lanka’s Capital Markets in 2017

Sri Lanka’s #1 investment banking firm and the preferred partner in financial markets, Capital Alliance Partners Limited (CAL), enters the year 2018 on a high note. Having sealed a number of transactions across all 3 business verticals in Debt Capital Markets, Equity Capital...
Posted On 21 Jan 2018