Rs. 1 b for Trinco Port City
Sri Lanka Ports Authority (SLPA) will invest
approximately Rs one billion for infrastructure development of the
Trincomalee Port City Development project in a bid to facilitate
prospective investors who have expressed willingness to set up port
related new ventures in the Trincomalee port .
CDB’s PAT at Rs. 398 m, up by 28%
Continuing its growth momentum into the 3rd
quarter of FY2011/12, Citizens Development Business Finance PLC
(CDB) recorded exceptional all-round financial performance. The nine
months profit-after-tax figure of Rs. 398 m as per the interim
results released to the Colombo Stock Exchange,
Lankan banks dominated by public-sector - Fitch
Fitch Ratings Lanka has released a special
report on Sri Lanka banking sector that highlights the structure,
performance, trends and other developments pertaining to the sector.
The agency notes that the Sri Lankan banking sector is concentrated
and dominated by public-sector banks that accounted for about half
of sector assets at end of 2010.