Business

The Commercial Bank of Ceylon’s continuing effort to stimulate remittances from Sri Lankans living and working overseas recently focussed on Singapore, which has a significant Sri Lankan migrant population. The Bank engaged with Sri Lankan expatriates living in the city...

 Bodyline (Pvt.) Ltd, a leading apparel manufacturer and an innovatively disruptive subsidiary of South Asia’s largest apparel tech conglomerate, MAS Holdings, is celebrating its 30th anniversary with a campaign dubbed ‘Bodyline Transcends 30 Years.’ Through this campaign, the company hopes...

Seylan Bank closed the nine months ended 30 September 2022 with a post-tax profit of Rs. 2,505 Million. In the backdrop of the volatile financial landscape experienced in Sri Lanka, described as the “worst since Independence”, the said post-tax profit...

The Institute of Certified Management Accountants (CMA) of Sri Lanka has recognised the 2021 Annual Report of Ceylinco Life as one of the ‘Five Excellent Integrated Reports’ honoured at the recently held CMA Excellence in Integrated Reporting Awards 2022. Titled...

The Commercial Bank of Ceylon has become the highest-ranked bank and one of the five best-performing companies in Sri Lanka for the 14th consecutive year in the latest Business Today Top 40 ranking released in November 2022. Sri Lanka’s largest...

Contributes towards fulfilling the nutrition needs of over 600 children Nestlé Lanka signed a Memorandum of Understanding (MoU) with SOS Children’s Villages Sri Lanka, to offer assistance to five SOS Children’s Villages across the island. Touching the lives of over...

Brings superior insurance facilities to customers Leading Sri Lankan insurer Co-operative Insurance Company PLC (CICPLC) entered an insurance agreement with Bank of Ceylon (BOC), the country’s leading state-owned bank, on October 27, 2022, to maximise its service offerings to customers...

Launch of the Addendum on Responsible Business Conduct Handbook on Doing Business in Sri Lanka Responsible Business Conduct (RBC) as defined by the OECD Guidelines for Multinational Enterprises revolves around the key principle of due diligence, which means the responsibility...

Consolidated revenue of Rs. 24.9 billionPAT increased by 28.2% YoY to Rs. 3.2 billionHealthcare revenue up 35.9% YoY to Rs. 11.6 billionAcquisition led growth in Consumer, revenue up 128.4% to Rs. 8.6 billion  Agri revenue up 34.4% YoY to Rs....

Total operating income doubles to Rs 100 BnImpairment for first nine months exceeds Rs 60 Bn Local currency deposits grow by Rs 146 BnTier I capital ratio and total capital ratio at 11.31% and 14.36%, respectivelyLiquidity coverage ratio at 218.5% Hatton...