Using any kind of power bank is prohibited onboard Emirates’ flights, effective from 1 October 2025. A power bank is a portable, rechargeable device primarily designed to provide power to other electronic devices such smart phones, tablets, laptops and cameras. Emirates customers are still permitted to carry one power bank onboard with specific conditions listed…
Ceylon Cold Stores, in collaboration with Reliance Consumer Products Limited (RCPL), proudly introduces the iconic Campa Beverages brand in Sri Lanka. The partnership marks a new phase in the relationship between the two organisations and builds on their previous collaboration, which successfully launched Elephant House Beverages into the Indian market through the Reliance Group in…
1H 2025 Revenue: Rs87.4Bn, up 6% YTD; Core Revenue up 21% YTD 1H 2025 EBITDA: Rs40.5Bn, up 50% YTD; EBITDA margin at 46.3% up 13.5pp YTD 1H 2025 NPAT: Rs9.2Bn up over 100% YTD 1H 2025 Taxes Paid to GoSL: Rs28.4Bn (Rs7.2Bn in Direct, Rs21.2Bn Indirect) 1H 2025 Capex: Rs13.3Bn; OFCF: Rs19.9Bn Dialog Axiata PLC…
The Colombo Stock Exchange (CSE), in collaboration with the Securities and Exchange Commission of Sri Lanka (SEC) and the stock broking industry, are conducting an ‘Invest Sri Lanka’ Investor Forum in Singapore on 12th August 2025. Building on the momentum of the successful foreign investor forum held in Colombo during March this year, the initiative…
Ishara Nanayakkara has emerged as Sri Lanka’s wealthiest individual in 2025, surpassing long-time business magnate Dhammika Perera. According to Gulf News, Nanayakkara’s net worth is estimated at around USD 1.6 billion, placing him at the top of the country’s rich list. As Chairman of LOLC Holdings, a diversified financial services and investment conglomerate with operations…
Group Core Business Profit After Tax of LKR 7 Bn Group Total Capital Adequacy Ratio of 009% Group Total Assets up by 11% to LKR 788 Bn Bank Profit After Tax of LKR 10.5 Bn including disposal gain from Acuity Partners (Pvt) Ltd DFCC Bank sustained its growth momentum in the first half of 2025,…
John Keells CG Auto (Pvt) Ltd (JKCG), the authorised distributor of BYD vehicles in Sri Lanka, has announced that the Court of Appeal has ordered the release of approximately 1,000 BYD vehicles that were held by Sri Lanka Customs for nearly a month. The release follows a Writ Application filed by JKCG on August 4,…
Sri Lanka’s official reserve assets increased by 1% to USD 6.14 billion in July 2025, compared to USD 6.08 billion in June 2025, according to the Central Bank of Sri Lanka (CBSL). However, this figure includes proceeds from the swap arrangement with the People’s Bank of China (PBOC), which are subject to conditionalities on usability.
Concerns raised by the business community in June appear to have been short-lived with sentiment shifting once again in July. THE ECONOMY The latest LMD-PEPPERCUBE Business Confidence Index (BCI) survey, conducted in the first week of July, reveals a notable surge in optimism about the economy. A substantial 70 percent of respondents believe the economy will…
A $2.5 Billion Dice Roll Attracting the Subcontinent’s Ultra-Rich to the Vegas of South Asia By Jithendra Antonio In a transformative declaration that reverberates through South Asia’s economic corridors, gaming tycoon Lawrence Ho’s recent bold proclamation at the August 2025 launch of the US $1.2 billion City of Dreams Sri Lanka has crystallized what many…
Video Story
