Billion Archives - Page 2 of 5 - Lanka Business News

November 6, 2024

EBITDA* (Rs.’000) Quarter ended 30 September Six months ending 30 September 2024/25 2023/24 % 2024/25 2023/24 % Transportation 1,982,056 1,699,799 17 3,537,348 4,118,458 (14) Consumer Foods 1,610,691 1,236,534 30 3,103,808 1,956,240 59 Retail 2,390,135 1,982,657 21 4,635,667 3,969,994 17 Leisure (136,003) 1,065,013 (113) (930,384) 1,348,625 (169) Property 111,242 (435,077) 126 44,047 (248,080) 118 Financial […]

October 29, 2024

Samsung Electronics today announced it has been recognized by Interbrand, a global brand consultancy, as a “Global Top 5” brand for the fifth year in a row. Interbrand releases its list of “Best Global Brands” each year, and on this year’s list, it was revealed that Samsung’s brand value reached $100.8 billion and grew by […]

October 18, 2024

Every month, over 1 billion people come together on TikTok to share authentic stories, build meaningful connections and find community. With conversations related to #MentalHealth and #MentalHealthAwareness inspiring almost 25 million videos to date, our goal is to continue fostering an environment where people can safely share their well-being journeys. This World Mental Health Day, […]

October 9, 2024

VIMAN Ja-Ela apartments have generated over 4.2 billion rupees in sales prior to the start of construction on August 26, 2024. This remarkable achievement by John Keells Properties underscores the strong demand and interest from both investors and home buyers. VIMAN Ja-Ela is not just another residential project; it’s a unique concept in […]

September 12, 2024

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Ceylinco Life has announced it will break new ground by investing Rs 2 billion in Sri Lanka’s first Green Bond, serving as its anchor investor in an emphatic demonstration of the company’s commitment to sustainability. Issued by DFCC Bank and opening for subscription on Thursday 12th September, the Green Bond is expected to raise up […]

August 20, 2024

The Commercial Bank of Ceylon has emerged as the biggest supporter of the dreams of home builders in Sri Lanka, achieving market leadership in the ‘Home Loans’ sector. The Bank has announced that its home loans portfolio grew to Rs 72.965 billion as at 31st March 2024, and achieved the number 1 place. […]

August 15, 2024

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Continues to push lending, growing loan book by Rs 67.55 bn. in six months Strong CASA ratio of 39.95% lessens interest expense growth Net interest income up 56.53% to Rs 58.62 bn. Total taxes increase by 92% to Rs 14.88bn. Characteristically agile and proactive responses to market-specific dynamics have enabled the Commercial Bank of Ceylon […]

August 14, 2024

DirectPay, a key player in Sri Lanka’s digital payment landscape, has achieved a major milestone. The company proudly announces its compliance with the Payment Card Industry Data Security Standard (PCI DSS) and celebrates an impressive achievement of processing 30 billion rupees in transactions since 2018. These accomplishments underscore DirectPay’s com mitment to security, innovation, and […]

July 3, 2024

Raises record Rs 20 billion as Bank exercises all options after receiving applications for over three times the initial value The Commercial Bank of Ceylon’s and Sri Lanka’s largest ever debenture issue by a private bank closed after oversubscription on its opening day, Tuesday 2nd July 2024, raising Rs 20 billion for Sri Lanka’s biggest […]

June 27, 2024

June 27, 2024: Softlogic Life, the second-largest life insurer in the Sri Lankan market, has announced a Rs. 6 billion share buyback, pending shareholder approvals. The buyback price is Rs. 102.40 per share for up to 58,593,750 shares of the current 375,000,000 shares in issue. The company aims to optimize capital and enhance shareholder value, […]

JKH records EBITDA of Rs.8.09 billion in Q2 2024/25; Cinnamon Life welcomes guests from October

Samsung Electronics Ranked as a Top 5 Global Brand for the Fifth Consecutive Year with $100.8 Billion in Brand Value

TikTok’s commitment to mental health: Fostering a culture of support and well-being

John Keells Properties Achieves 4.2 Billion Rupees in Sales for VIMAN Ja-Ela Before Commencing Construction

Ceylinco Life to invest Rs 2 billion as Anchor Investor in DFCC Bank Green Bond

ComBank leads the Home Loan market, supporting Sri Lankan home builders

Resilient ComBank maintains growth impetus in Q2 despite external pressures

DirectPay, recognized for its PCI DSS compliance, has surpassed Rs. 30 billion mark in transaction processing

ComBank’s Debenture Issue, largest ever debenture by a private bank oversubscribed on opening day

Softlogic Life buys back Rs. 6Bn worth shares