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Chinese President Xi Jinping had upon taking office a decade ago vowed to end corruption but now many of its close associates and leaders of China Communist Party (CCP) are facing serious graft charges. Former vice-justice minister Liu Zhiqiang is the latest addition to the list, who is now subjected to “disciplinary review and supervisory […]
- CCP’s treacherous internal political situation (Category: Breaking News)
- What Does China Want? (Category: Breaking News)
- Decline in CCP Membership Reflects Shifting Dynamics in China’s Communist Party (Category: Breaking News)
- Purges Don’t Move Policy in China (Category: Breaking News)
Sampath Bank posted a profit before tax (PBT) of Rs 6.2 billion and a profit after tax (PAT) of Rs 3.4 billion for the three months ended 31st March 2024, notwithstanding an exchange loss of Rs 4.3 billion due to the appreciation of the LKR against the USD by Rs 23.70. These figures signify growth […]
- Customs revenue exceeds Rs. 109 billion in October (Category: Breaking News)
- Sri Lanka s economy grows 1.6% in 3rd quarter of 2023 (Category: Breaking News)
- The government printed Rs 278 billion between October and December 2022 (Category: Breaking News)
- Record-breaking tax collection this year? (Category: Breaking News)
During the first quarter of 2024, Bank of Ceylon demonstrated impressive growth and resilience, achieving a Profit Before Tax (PBT) of Rs. 9.3 billion, a substantial increase compared to the previous year, illustrating its dedication in challenging economic conditions. As favorable conditions emerge, the Sri Lankan economy is expected to achieve moderate growth in 2024, […]
- Sampath Bank posts steady results for First Quarter of 2024 (Category: Breaking News)
- ComBank begins 2024 with impressive growth (Category: Breaking News)
- COMBank’s 1Q pre-tax profit up 40% to Rs 4.145 b (Category: Business)
- Singer Sri Lanka revenue grows by over Rs. 1 b in first quarter (Category: Breaking News)
The Commercial Bank of Ceylon Group has ended the first quarter of 2024 with a loan book of Rs 1.316 trillion, continuing the Bank’s focus on lending in a period where the appreciation of the Rupee negatively impacted the value of the loan book and resulted in a contraction of the balance sheet. The Group […]
- Rs 10 billion allocated for renovation of rural roads (Category: Breaking News)
- Sampath Bank posts steady results for First Quarter of 2024 (Category: Breaking News)
- Rs. 1.5 billion allocated for the development of school cricket at provincial level (Category: Breaking News)
- Banks loosen tight fists (Category: Business)
India’s fintech company PhonePe Unified Payments Interface (UPI) has been launched in Sri Lanka. Central Bank of Sri Lanka Governor Nandalal Weerasinghe and India’s High Commissioner to Sri Lanka Santosh Jha attended the launch event in Sri Lanka. In a post on X, the Indian High Commission in Sri Lanka stated, “Unlocking new frontiers in […]
- India’s Unified Payment Interface (UPI) service launched in Sri Lanka (Category: Breaking News)
- India’s UPI to be launched in Sri Lanka, Mauritius on Monday (Category: Breaking News)
- India and Sri Lanka fail to reach deal on fee payments for RuPay transactions (Category: Breaking News)
- The UPI revolution: Cashless digitized economy activated (Category: Breaking News)
DFCC Bank recently unveiled its Annual Report 2023, spotlighting the Bank’s remarkable achievements against a backdrop of formidable challenges and exciting opportunities. Overcoming a challenging and dynamic economic environment, DFCC Bank emerged, posting a record-breaking financial year. These achievements were complemented and supported by the Bank’s many sustainable initiatives in...
- Pintanna Plantations Unveils the First-Ever Wallapatta Museum (Category: Breaking News)
- Taiwan unveils new submarine to fend off China (Category: Breaking News)
- HDFC Bank unveils its maiden integrated annual report (Category: Business)
- Norlanka Unveils New Corporate Logo (Category: Breaking News)
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