Company Overview and News

Navin calls to end populist govt. intervention in rubber industry

By Nishel Fernando Plantation Industries Minister Navin Dissanayake yesterday asserted that the populist government interventions in Sri Lanka’s rubber industry have indirectly led to subsidization of big businesses as well as to corruption, while emphasising that the price stability of natural rubber should be a key priority for policymakers on par with the increasing productivity, which requires pragmatic decision-making.

Sancharaka Udawa 2018

The 8th edition of the tourism and travel fair ‘Sancharaka Udawa’ was inaugurated by Tourism Minister John Amaratunga at the BMICH yesterday. The two-day event which is being organized by Sri Lanka Association of Inbound Tour Operators (SLAITO) and Sri Lanka Tourism Promotion Bureau (SLTPB), showcases products of over 250 exhibitors, and expects over 10,000 visitors this year. Picture shows the Tourism Minister inspecting some products on display.

DFCC group profits drop in Q1 2018

2018-05-01 lankabusinessonline
May 01, 2018 (LBO) – Sri Lanka’s DFCC Group recorded a profit before tax of 1,545 million rupees and profit after tax of 1,110 million rupees as compared to 1,647 million rupees and 1,301 million rupees respectively in the comparative period in 2017.

UK keen to expand direct investments in Sri Lanka

The UK Secretary of State for International Trade Liam Fox has said that Britain is ready for direct investments in Sri Lanka while increasing its existing investments in the country. According to President Maithripala Sirisena’s media division, the British government will take necessary measures in this regard in the near future.

DFCC relaunches their credit cards

2018-04-17 lankabusinessonline
DFCC Bank relaunched their Credit Card range at a special event on 28 March at the Cinnamon Grand, Colombo amidst a large gathering of clients, prominent personalities, Directors, CEOs, top Executives and Business Leaders of the industry. Adding a nice twist to the event, a fashion show was staged depicting the variety of cards the Bank offers. In a symbolic gesture recognising that DFCC Bank’s current success is based on the vision and efforts of those who have gone before, the first set of Credit Cards were handed over to former Chairman, Mr Rajan Brito, and former CEOs of DFCC Bank Mr Moksevi Prelis, Mr Nihal Fonseka and Mr Arjun Fernando and Mr L.

President to deliver keynote address at Commonwealth Business Forum

President Maithripala Sirisena, who arrived in London on Sunday night to attend Commonwealth Heads of Government Meeting (CHOGM) 2018, is scheduled to address the Commonwealth Business Forum tomorrow.

German Industry and Commerce delegation in town

A visiting delegation of German Industry and Commerce had a preliminary meeting with Development Strategies and International Trade Minister Malik Samarawickrama at the ministry yesterday, prior to the opening of the delegation office in Sri Lanka. German Ambassador Jorn Rohde also participated in the meeting.

Dialog employs robots to up game in customer service

Dialog Axiata PLC in collaboration with Arimac Lanka (Pvt) Ltd, announced the introduction of an intelligent humanoidrobot, as a customer assistant at the Dialog Iconic flagship store.

Fitch local boss calls for financial services sector consolidation

Fitch Ratings Lanka Chief Executive and Country Head Maninda Wickramasinghe last week said Sri Lanka has too many banks, insurance and finance companies, much more than the country needs and the proliferation of such companies has left scant scope for efficient use of the limited capital in the country.

DFCC Bank profit after tax up 34-pct in 2017 amid tight margins

2018-02-20 lankabusinessonline
DFCC Bank continued to demonstrate positive momentum across businesses in 2017 as a rapidly growing commercial bank completing its second year after the amalgamation.

Fitch affirms 9 Sri Lankan banks: Revises DFCC outlook to Stable

2017-12-22 lankabusinessonline
Dec 22, 2017 (LBO) – Fitch Ratings has revised the Outlook on DFCC Bank Plc (DFCC) to Stable from Negative.

LVL Energy Fund announces Rs.1.2bn IPO to fund expansions

Leading energy company and a subsidiary of Lanka Ventures, the LVL Energy Fund, Limited officially announced a Rs.1.2 billion Initial Public Offering (IPO) yesterday to fund its strategic expansion and growth in the renewable energy sector.

DFCC Bank launches “Premier Go”- first ever premier banking interactive app

2017-11-10 lankabusinessonline
DFCC Bank PLC launched “DFCC Premier Go”, the first ever premier banking app in the industry, exclusively for its Premier customers, at a special launch event held on November 2, 2017 at DFCC Bank’s Executive Lounge.

DFCC Bank reports strong 3Q amidst successful expansion drive

2017-11-07 lankabusinessonline
DFCC Bank continued to demonstrate positive momentum across business in the 3rd quarter of 2017 as a rapidly emerging full service commercial bank.

Thimal Perera appointed as new Deputy CEO of DFCC Bank

2017-08-16 lankabusinessonline
DFCC Bank PLC announced the appointment of Thimal Perera as the Bank’s new Deputy CEO, with effect from 16 August 2017.

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