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A ‘Socialist’ budget can be a prosperity magnet? – By Samitha Hettige

The 15th World Socialism Forum under the theme ‘At the Crossroads of World History: The Choice of All Nations’ was held in Beijing last week & was attended by approx 100 foreign participants. At a time the world is witnessing increased acts of protectionism, unilateralism & geopolitical tensions, Socialist China’s path along the Belt & Road…

(0)Comments | November 12, 2025 3:39 pm

Sri Lanka Pavilion Gains Prominent Attention at the 8th CIIE 2025

The Sri Lanka Export Development Board (EDB), in collaboration with the Sri Lanka Embassy in Beijing and the Consulate General of Sri Lanka in Shanghai, successfully organized Sri Lanka’s national participation at the 8th edition of the China International Import Expo (CIIE) 2025, held from 5th to 10th November 2025 at the National Exhibition &…

(0)Comments | November 12, 2025 3:23 pm

President Chairs Progress Review Meeting of Ministry of Digital Economy for the year 2025

A progress review meeting of the Ministry of Digital Economy for the year 2025 was held yesterday (11) at the Ministry premises, under the patronage of President and Minister of Digital Economy, Anura Kumara Dissanayake The discussion focused on assessing the progress and future strategies of digital development projects implemented by the institutions under the…

(0)Comments | November 12, 2025 2:23 pm

JF Packaging IPO Oversubscribed Over Six Times

Generating active and broad-based interest from investors, the Initial Public Offering (IPO) of Ordinary Voting Shares of JF Packaging Limited was heavily oversubscribed within hours of its opening at 9.30am  on 30th October 2025. Accordingly, the offer was closed at 4.30 PM on the same day. As one of Sri Lanka’s leading and multi-award-winning flexible…

(0)Comments | November 12, 2025 12:08 pm

Sri Lankan Business Leaders Explore Opportunities in Cambodia

A high-profile Sri Lankan business delegation, organised by The Ceylon Chamber of Commerce and its Sri Lanka – Greater Mekong Business Council (SLGMBC), will embark on a trade and investment mission to Cambodia from 14th to 18th November 2025. The delegation will explore investment opportunities in agriculture, logistics, manufacturing, renewable energy, tourism, and technology. During…

(0)Comments | November 12, 2025 10:16 am

Ambeon Group Reports Robust Q2 Performance with Sustained Profit Growth

Diversified portfolio, strategic foresight, and disciplined investment approach drives continued momentum Ambeon Capital PLC, the investment holding company of the Ambeon Group, reported a Profit After Tax (PAT) of LKR 3,820 million for the second quarter of the financial year 2025/26, reflecting a strong continuation of the positive trajectory established in Q1. The year-to-date PAT…

(0)Comments | November 12, 2025 10:06 am

Accelerating Ahead: DFCC Bank Sustains Growth Momentum in Q3-2025

Group Core Business Profit After Tax of LKR 8.5 Bn Group Total Capital Adequacy Ratio of 14.282% Group Total Assets up by 20% to LKR 853 Bn Bank Profit After Tax of LKR 13.3 Bn including disposal gain from Acuity Partners (Pvt) Ltd DFCC Bank maintained its robust performance for the period ended 30 September…

(0)Comments | November 12, 2025 8:31 am

First Capital Holdings PLC reports robust first half year performance with Profit after Tax of Rs. 3.43 Bn

First Capital Holdings PLC (the Group), a subsidiary of JXG (Janashakthi Group) and a pioneering force in Sri Lanka’s investment landscape, announced a stellar performance for the six months ended 30th September 2025, recording a Profit after Tax of Rs. 3.43 Bn, a substantial increase from Rs. 897 Mn in the corresponding period of the…

(0)Comments | November 11, 2025 4:57 pm

BIA Opens 14 New Check-In Counters on Trial Basis

Airport and Aviation Services (Sri Lanka) (Private) Limited has announced the launch of 14 new check-in counters at the Bandaranaike International Airport (BIA), introduced on a trial basis on November 10, 2025. The new facility, constructed within just one month at the newly built marquee area, reflects the collaborative efforts of the Sri Lanka Tourism…

(0)Comments | November 11, 2025 2:00 pm

Sri Lanka’s Budget Sticks to Fiscal Consolidation Path

Fitch Ratings – The Sri Lankan government’s latest budget indicates that the authorities remain committed to reducing government debt/GDP over the medium term after beating their targets in the 2025 budget. Fitch Ratings believes sustained strong revenue performance will remain key to meeting the government’s fiscal goals. The budget, unveiled on 7 November, targets a…

(0)Comments | November 11, 2025 12:46 pm

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