Hambantota International Port Group (HIPG) has responded decisively to recent complaints regarding delays in vehicle clearance. Since February 2025, more than 9,151 vehicles, both used and brand new, have entered the country through the HIP, placing increased demand on port operations. In light of this, the Hambantota International Port Group (HIPG) has implemented a series…
During the Passenger Terminal Expo 2025 in Madrid, Huawei launched five aviation solutions, notably including the Smart Airport Intelligent Operation Center (IOC) to advance intelligent industry upgrades. Huawei executives, including Mr. Dong Fangshuo, Vice President of Huawei’s Smart Transportation BU, Mr. Yang Guojie, Director of Transportation Industry Solution Domain from Huawei’s Data Communication Product Line,…
The Commercial Bank of Ceylon and its Managing Director/CEO Mr Sanath Manatunge have been named the ‘Best Managed Bank’ and the ‘Best Bank CEO’ in Sri Lanka respectively by The Asian Banker (TAB) magazine, bestowing on them two prestigious accolades that are presented once in every three years. These awards, in respect of the 2022-2024…
Sri Lanka Tourism marked an important milestone by hosting the prestigious British Guild of Travel Writers (BGTW) Media Convention from 13th -23rd May 2025, with the aim of enhancing destination exposure with the top UK travel media and to generate high-level publicity for the Sri Lanka in the UK market. The group consisted of 34…
Sri Lanka’s export sector demonstrated remarkable resilience and steady progress during the first four months of 2025, with total exports reaching US$ 5,583.25 Mn, marking a robust 6.9% increase compared to the same period in 2024. This upward trend reflects renewed momentum across key industries and underscores the sector’s adaptability in an evolving global trade…
Sri Lanka’s apparel exports recorded a strong performance in April 2025, with total exports rising by 15.14% compared to the same month last year. This growth was driven by robust demand from key markets, including the USA (up 6.83%), EU (excluding UK) (up 27.04%), and the UK (up 7.45%). Exports to other destinations also increased by 21.18%. Cumulatively, from January to April 2025, total…
The Ceylon Chamber of Commerce will host a special session on May 29th featuring a high-level executive from Alibaba.com, aimed at helping Sri Lankan Small and Medium Enterprises (SMEs) expand their global footprint and tap into new overseas markets. The session will be conducted by Ma Haobo, Business Development Manager at Alibaba.com, who has supported…
Highest ever annual PAT and PBT 14% growth in local revenue 5% GP margin increase 35% growth of Bangladesh revenue (BDT) in 2H compared to 1H Expansion to Australia and Cambodia through wood coatings JAT Holdings PLC, a leading conglomerate in Sri Lanka’s manufacturing and coatings industry, has announced its financial results for the fiscal…
Designation of the Sampath Bank as a Domestic Systemically Important Bank (D-SIB) Effective from 17th April 2025, Sampath Bank has been officially designated as a Domestic Systemically Important Bank (D-SIB) by the Central Bank of Sri Lanka, in accordance with Directive No. 01 of 2025. The Bank has been classified under Bucket 1, reflecting its…
Reuters – India’s central bank is taking another step to internationalise the rupee, seeking approval to allow domestic banks to lend the currency to overseas borrowers for the first time, two sources said. The Reserve Bank of India (RBI) has asked the federal government to allow domestic banks and their foreign branches to lend Indian…
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