Fitch Ratings: APAC’s high trade openness and exposure to US demand leave the region particularly exposed to US tariff risks, Fitch Ratings says in a new report. The report discusses questions raised by investors during recent meetings with Fitch for several APAC sovereigns relating to the trade war and other important developments in the region….
Colombo Lotus Tower, together with Bling Productions and Eyeon, brings you “Vesak Rashmi Dhara”, South Asia’s first immersive and interactive Vesak digital art experience, hosted at Pixel Bloom, from May 10th to 18th, 2025. This groundbreaking initiative, created in collaboration with Colombo Lotus Tower (CLT), combines technology with tradition to create stunning, full-day digital Vesak…
The Economy – Economic Sentiment Wavers A notably cautious economic and business outlook has settled over corporates with PepperCube Consultants reporting a more tempered perspective in biz circles. This is line with the mighty fall in business confidence in April. THE ECONOMY The latest LMD-PEPPERCUBE Business Confidence Index (BCI) survey, conducted in the first week of April,…
Q1 25 Revenue recorded at Rs 43.3Bn, up 4% YoY; Core Revenue up 20% YoY Q1 25 EBITDA recorded at Rs.19.7Bn, up 45% YoY EBITDA Margin reached 45.5% up 12.8pp YoY Q1 25 NPAT recorded at Rs.4.1Bn up 49% YoY Total Taxes Paid to GoSL amounted to Rs14.8Bn which included Rs4.5Bn in Direct and Rs10.3Bn…
Fitch Ratings: Emerging-market (EM) issuers are variously exposed to direct and indirect impacts from the global trade war, Fitch Ratings says in a new report. Credit pressures may become most evident in EMs where tariff effects combine with aggravating factors or add to pre-existing pressures, even if direct US tariff exposures are small. APAC’s high…
The Sri Lanka – Korea Business Council (SLKBC) of The Ceylon Chamber of Commerce hosted a discussion on “Sri Lanka’s Export Prospect? Challenges. Opportunities. Reforms” on 24th April at the Hilton Colombo Residences. The event was graced by Her Excellency Miyon Lee, Ambassador of the Republic of Korea to Sri Lanka, along with the Deputy…
SriLankan Cargo, the air freight arm of SriLankan Airlines, has become South Asia’s first airline cargo division to secure the prestigious CEIV Lithium Batteries Certification (Center of Excellence for Independent Validators – Lithium Batteries) from the International Air Transport Association (IATA), joining an elite group of global carriers and service providers to hold this coveted…
Hayleys PLC, Sri Lanka’s leading diversified conglomerate, announced that its LKR 7 billion senior unsecured redeemable debenture issue has been oversubscribed on the first day of opening, reflecting strong investor confidence in the Group’s financial strength and future prospects. Originally launched with a base issue of LKR 5 billion, the debenture issue included an option…
Emirates is the world’s most profitable airline, and Emirates Group the world’s most profitable aviation group in the 2024-25 reporting period The Emirates Group today released its 2024-25 Annual Report, achieving new record profit, EBITDA, revenue, and cash balance levels. This outstanding performance places the Emirates Group as the most profitable aviation group globally in…
The official reserve assets of Sri Lanka have dropped by 3% at the end of April, to USD 6.32 billion, the Central Bank of Sri Lanka said. Sri Lanka’s reserve assets were at USD 6.53 billion at the end of March.
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