SAP Ariba makes procurement a snap for mid-market

2018-03-07   |   Business

When it comes to taming the complexity of procurement, size doesn’t matter. Mid-market companies face the same challenges in managing their spend an...

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Central Bank denies interest rate hike

2018-03-07   |   Business

Rejects media reports, says reserves, inflation and broad money on target  No reason to raise interest rates in the near term, advises public no...

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SLT Group ups operating profit by 5.4%, increasing depreciation-hit bottom line

2018-03-02   |   Business

Sri Lanka Telecom (PLC) Group said this week its Operating Profit Before Depreciation and Amortisation (EBITDA) improved by 5.4% to Rs. 21.2 b as a re...

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USAID YouLead and Microsoft Launch YouthWorks to Increase Employment and Entrepreneurship Among Sri Lanka’s Youth

2018-03-01   |   Business

The United States Agency for International Development (USAID) YouLead program and Microsoft Sri Lanka signed a partnership to launch the new YouthWor...

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Sri Lanka mulls globalising of SMEs via highly-active food sector

2018-03-01   |   Business

Ma’s Tropical Food Processing Manager Sarah De Alwis receives the top award for ‘All Food and Beverages’ from Minister of Industry and Commerce ...

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Union Bank posts Rs 782 mn operational profits

2018-02-28   |   Business

Despite the volatile macro environment Union Bank has performed exceptionally well in 2017 resulting in a 35.6% increase in profits from operating act...

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NTB records 31% growth in pre-tax profits

2018-02-28   |   Business

Nations Trust Bank closed the financial year 31st December 2017 with a post-tax profit of Rs. 3,371Mn, up by 18% over the previous year with pre-tax p...

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Sri Lanka, emerging nations faces higher interest rates, tighter global credit: Mangala

2018-02-27   |   Business

Sri Lanka and emerging nations faces tighter credit conditions and higher interest rates, with policy rates in developed nations set to rise faster th...

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Private sector borrowed less in 2017

2018-02-26   |   Business

Private sector credit expands by Rs. 617 b in 2017 but lower than Rs. 756 b in 2016 CB expects status quo to pick up with private sector borrow...

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Ceylinco Life posts net profit of Rs. 6 bn

2018-02-23   |   Business

Sells 126,838 new life policies in the year reviewed Pays out Rs. 6.7 billion in net claims and benefits to policyholders Ceylinco Life has posted net...

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