LOLC releasing its first quarter results for FY20/21, today said it has recorded the highest ever profit-after tax (PAT) of Rs.37.2 billion compared with Rs.5.6 billion recorded for the corresponding quarter of the previous year. Profit attributed to the equity holders of the group rose 137 percent to Rs.13.9 billion.
The growth in land values in the Colombo district fell below 10 percent for the first time in years, decelerating to 7.1 percent year-on-year (YoY) in the first half of the year from 10.8 percent recorded in the second half of 2019, according to the Land Valuations Indicator (LVI) complied by the Central Bank (CB).
Home-grown taxi hailing app, PickMe called on the government to increase its efforts in creating a level playing field so that entities, such as itself, that has digital solutions as its core operations can compete better with multinationals in the industry.
In a disclosure to the Colombo Stock Exchange (CSE), the board of MTD Walkers PLC informed that Lakma Holdings (Pvt.) Ltd led by Dr. Arosha Fernando has signed a share sale and purchase agreement to acquire 90 percent of the shareholding of the company, from its Malaysian parent MTD Capital BHD.
Sri Lanka will see the addition of a Liquefied Natural Gas (LNG) trading facility with the Board of Investment (BOI) having entered into an agreement with Pearl Energy (Pvt) Ltd. to launch the ‘Hambantota LNG Hub’.
More countries issue travel advisories
Sri Lanka Tourism invites global travellers for upcoming season
Russian embassy urges citizens to stay vigilant in Arugam Bay
US Embassy issues travel warning for Arugam Bay
India-Sri Lanka ferry service operates smoothly