Capital Alliance Holdings Limited (CAL), a leading force in Sri Lanka’s investment banking landscape, today announced the launch of its Initial Public Offering (IPO) under the theme “Building Wealth-Bridging Markets”, set to open on 8th May 2025. The IPO supports CAL’s bold vision to build wealth and bridge capital markets across frontier economies, furthering its…
Sri Lanka Embassy in Riyadh, in collaboration with the Sri Lanka Tourism Promotion Bureau (SLTPB) organized a mega Sri Lanka Tourism Roadshow on April 22 at the Radisson Blu Hotel in Riyadh. Sri Lanka Ambassador to Saudi Arabia Ameer Ajwad inaugurated the roadshow and welcomed a large number of tourism Destination Management Companies (DMCs) participating…
On Tuesday, 22 April 2025, a MoU on Cooperation between Bandaranaike International Diplomatic Training Institute (BIDTI) of Sri Lanka and Foreign Service Institute (FSI) of the Philippines, the premier diplomatic training institutes in the two countries, was signed at the Department of Foreign Affairs (DFA) of the Philippines in Manila, Philippines. Philippine Foreign Affairs Minister…
Fitch Ratings expects Sri Lanka’s state banks to continue to report weaker regulatory capital ratios than systemically important private banks, despite significantly higher profitability. This is due mainly to a large portion of state banks’ profits being allocated to a special reserve, which is not included in capital adequacy calculations. The Central Bank of Sri…
Profit before Income Tax – LKR 4,199 Mn up by 13.36% Profit after Tax – LKR 2,761 Mn up by 20.29% Liquidity Coverage Ratio (LCR) – All Currency of 389.25% and Rupee of 349.51% Return on Equity (ROE) of 15.81% Total Capital Adequacy Ratio of 17.64% Impaired Loans (Stage 3) Ratio at 1.98% Seylan Bank…
Uber and Uber Eats generated LKR 338 billion in consumer surplus* Drivers and delivery partners earned 24% more than their next best alternative Contributed LKR 3.6 billion in additional value for local restaurants and merchants Uber has released findings from its 2024 Sri Lanka Economic Impact Report, compiled by global policy research firm Public First….
The Colombo Stock Exchange (CSE), in collaboration with the Securities and Exchange Commission of Sri Lanka (SEC) and the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), has embarked on a significant initiative to introduce the eXtensible Business Reporting Language (XBRL) for listed entities in Sri Lanka. This move is expected to transform…
Now functioning as an independent entity in Sri Lanka, Belluna Lanka is upholding its long-term dedication to growth and investment in the country. As a fully owned subsidiary of Belluna Co. Ltd., Japan, a company with over 50 years of global experience in various industries and listed on the Tokyo Stock Exchange, Belluna Lanka benefits…
A Systematic Program to Develop Exports at Divisional Secretariat Level A strategic discussion aimed at enhancing the contribution of provincial export development was held on 22nd April 2025 under the patronage of Hon. Sunil Handunnetti, Minister of Industry and Entrepreneurship Development, at the Matara District Secretariat. The event marked the initiation of a pilot project…
At the IMF-World Bank Spring Meetings’ Capacity Development Forum on April 22, 2025, Sri Lanka’s Secretary to the Treasury, Mr. K M Mahinda Siriwardana, delivered a compelling account of the nation’s recovery from its worst economic crisis since independence in 1948. Speaking alongside former IMF Mission Chief for Sri Lanka Peter Brewer and economists Oslem…
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