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…
SMI POINT Limited, the Developer creating luxury with a unique emotional ecosystem, refining the luxury with brilliance in designing with graceful beauty that enriches urban living with pointer execution. The life of luxury living with stunning views of the Indian Ocean and the Port City. This compelling space inspired to creation of Pointe that spirals…
CPEX Sri Lanka, an official delivery agent for TEMU, today issued a statement addressing recent delivery delays and providing an update on the current status of parcel dispatches. The company confirmed a temporary disruption caused by the non-performance of a former local last-mile delivery partner during the first three weeks of May. This delay affected…
The Supporting Effective Dispute Resolution (SEDR) project, funded by the European Union (EU) and implemented by the British Council in partnership with The Asia Foundation, concluded its five-year journey with the SEDR End-of-Project Symposium on 29-30 April 2025 at the Cinnamon Grand Hotel, Colombo. The event brought together key stakeholders from the justice sector, civil…
Financial Stability Board (FSB) Regional Consultative Group for Asia (RCG Asia) met on 22 May 2025 in Colombo. Central Bank of Sri Lanka hosted the meeting for the second time, following the successful hosting of the RCG Asia meeting in April 2024. The meeting was co-chaired by Dr. Nandalal Weerasinghe, the Governor of the Central…
NDTV – India has become the fourth largest economy in the world, overtaking Japan, NITI Aayog CEO BVR Subrahmanyam said on Saturday. Briefing reporters after the 10th Governing Council meeting of Niti Aayog, Mr Subrahmanyam said the overall geopolitical and economic environment is favourable to India. “We are the fourth largest economy as I speak….
A Sri Lankan delegation is set to participate in discussions in Washington, D.C., focusing on tariff-related matters, following an invitation extended by the Office of the United States Trade Representative (USTR). This is the second in-person meeting aimed at ongoing efforts to strengthen bilateral trade relations between the two nations. This initiative builds on several…
Today, the Make America Healthy Again (MAHA) Commission released a report questioning American farmers’ use of crop protection tools despite the clear science behind their safety and benefits. The report raises the possibility that the federal government could take a position to restrict farmers’ access to these essential inputs, undermine existing science-based frameworks, and ultimately…
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