Hon. Deputy Minister of Tourism, Sri Lanka, Mr. Ruwan Ranasinghe, has been honored with a Professorship by Sichuan University, China, in recognition of his contributions to cultural heritage research and tourism development. Mr. Ranasinghe earned his PhD in Tourism Management from Sichuan University in 2017. Upon returning to Sri Lanka, he established the Department of…
Reaffirming its position as a trailblazer in Sri Lanka’s banking sector, Sampath Bank has become the first local bank to launch a next-day POS settlement feature that functions seamlessly across weekends and public holidays. Introduced in collaboration with the Ceylon Petroleum Corporation (CEYPETCO), this pioneering solution is a national first, tailored specifically for CEYPETCO fuel…
Industry leaders and policymakers collaborate to discuss ways to enhance digital payment acceptance among small businesses Mastercard recently hosted the ‘Access Unlocked: Digital Payments for Every Business with Low-cost Acceptance for a High-impact Economy’ summit, bringing together industry leaders, policymakers, and financial experts for a dialogue on tackling challenges in expanding digital payment acceptance among small and…
The signing of Bilateral Amendatory Agreements with the EXIM Bank of India in relation to the present External Debt Restructuring Process is a significant milestone of External Debt Restructuring of Sri Lanka. The Government of India has played a pivotal role in spearheading Sri Lanka’s External Debt Restructuring Process, co-chairing the Official Creditor Committee alongside…
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, has introduced the country’s first-ever QR reload system, enabling customers to reload their Mobile, Home Broadband, or Dialog Television connections with greater ease at retail outlets. This latest innovation harnesses digital technology to streamline the top-up process, offering customers a faster and more convenient way to stay…
∙ Group Core Business Profit After Tax of LKR 2.9 Bn ∙ Group Total Capital Adequacy Ratio – 14.656% ∙ Group Total Assets up by 8% to LKR 765 Bn ∙ Bank Profit After Tax of LKR 7.8 Bn including the gain on disposal of the 50% stake in Acuity Partners DFCC Bank showcased a…
Post-tax profitability of Rs. 1.9 Bn up by 168% ROE of 10.03% Total assets growth of 7% to Rs. 852.4 Bn Healthy growth in loan book of 5% to Rs. 535.2 Bn stemming from all business sectors CASA ratio improvement by 91 bps to 25.82% National Development Bank PLC (NDB/the Bank) recently released its financial…
Loan book grows by Rs 116.75 Bn. in 3 months to Rs 1.642 Tn. Net interest income up 23.53% to Rs 34.21 Bn. Improves provision cover and interest margin alongside balance sheet growth Reports 3-month PBT of Rs 22.56 Bn. and PAT of Rs 14.97 Bn., with taxes amounting to Rs. 11.61 Bn. The Commercial…
Profit After Tax of LKR 4Bn. up 8% YoY Net Stage 3 Ratio of 1.4% Total Capital Adequacy Ratio of 20.56 %, Return on Equity 20.45% Nations Trust Bank PLC reported strong financial results for the three months ending 31st March 2025, achieving a Profit After Tax (PAT) of LKR 4 Bn, up 8% YoY….
BRJW Enterprises, a family-owned automotive business with a 45-year legacy, proudly announces the successful importation of the full range of Bentley motor vehicles to Sri Lanka. This milestone underscores BRJW’s commitment to delivering luxury and performance to discerning clientele. The latest addition to Sri Lanka’s roads is the Bentley Bentayga Hybrid SUV. Powered by a…
Video Story
