Commercial Bank of Ceylon PLC (ComBank) yesterday showed it has what it takes to withstand the shocks in the wider economy and could still post strong profits and growth. According to the interim financial accounts for the quarter ended September 30, 2018 (3Q18) released to the Colombo bourse, ComBank has recorded 25 percent year-on-year (YoY) growth in earnings to Rs.5.1 … [Read more...] about ComBank resilient despite surge in NPLs, higher taxes – Daily Mirror
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Sri Lanka’s bilateral aid not at risk: Amunugama – Daily Mirror
Sarath Amunugama Foreign governments have not withdrawn grants, project loans and economic programmes with Sri Lanka, said Sarath Amunugama, who was appointed as Foreign Minister amid a constitutional crisis.“Certain countries have stated that they’re watching the situation in Sri Lanka. That’s the maximum situation,” he said, speaking to foreign correspondents at a … [Read more...] about Sri Lanka’s bilateral aid not at risk: Amunugama – Daily Mirror
Rupee depreciation hurts Sri Lanka’s largest telco – Daily Mirror
Seventy percent of Dialog Axiata’s borrowing in US dollars Records Rs.1.8bn non-cash translational foreign exchange loss Dollar earnings have dried up largely due to lack of int’l calls The feeble Sri Lankan rupee eroded Dialog Axiata PLC’s bottom line during the September quarter (3Q18) as the country’s largest telco booked a hefty foreign currency translational loss … [Read more...] about Rupee depreciation hurts Sri Lanka’s largest telco – Daily Mirror
Anura Priyadharshana assumes duties as State Finance Minister – Daily Mirror
State Minister in conversation with the Prime Minister Anura Priyadharshana Yapa assumed duties as the Minister of State for Finance at the Finance Ministry yesterday.Minister of Finance and Economic Affairs, Prime Minister Mahinda Rajapaksa, ministers Lakshman Yapa Abeywardene and Dunesh Gankanda and Ministry Secretary S.R. Attygalle and other senior officials … [Read more...] about Anura Priyadharshana assumes duties as State Finance Minister – Daily Mirror
October tourist arrivals up by unimpressive 0.5% – Daily Mirror
Arrivals from several key regions record declines Cumulative arrivals up to October tops 1.88mn Current political crisis could have impact on Nov. arrivals Tourism earnings up to August tops US $ 2.9bn SL expects US $ 4.5bn tourism earnings this year Tourist arrivals to Sri Lanka in the month of October increased only 0.5 percent year-on-year (YoY) to 153, 123 with … [Read more...] about October tourist arrivals up by unimpressive 0.5% – Daily Mirror
