A discussion aimed at identifying strategies to attract tourists during the offseason was held last Friday (06) at the Presidential Secretariat, chaired by President Anura Kumara Disanayake, with the participation of key stakeholders in the tourism industry. The conversation focused on promoting Sri Lanka as a year-round travel destination, particularly during the offseason, enhancing the…
Vallibel One PLC (CSE: VONE), Sri Lanka’s leading diversified holding company, announced its consolidated financial results for the financial year ended 31 March 2025, reporting robust performance across all key metrics. The Group recorded consolidated revenue of Rs. 122.8 billion, reflecting a marginal year-on-year increase from Rs. 122.3 billion, driven by continued expansion across its…
Sri Lanka has received USD 641.7 million in workers’ remittances in May 2025, according to the latest figures released by the Central Bank of Sri Lanka (CBSL). Total remittances from January to May 2025 reached USD 3.10 billion, up 18.2% from the same period last year (USD 2.62 billion). Meanwhile, official figures show that earnings…
SriLankan Airlines flight UL306 from Colombo to Singapore was diverted to Medan Airport, Indonesia, yesterday (5th June) due to a technical issue. As the aircraft required additional time for repairs, all 93 passengers and eight crew members disembarked at Medan Airport. There was a delay in transferring passengers to hotels due to stringent immigration formalities at the…
Sri Lanka Tourism is set to launch its most awaited Nation Branding Campaign on June 26, 2025, in Colombo, bringing together key players from the public and private sectors to drive a unified vision for the country’s tourism sector. The landmark initiative, led by the Sri Lanka Tourism Promotion Bureau (SLTPB), aims to reposition Sri…
A progress review meeting on the projects implemented by the Ministry of Urban Development, Construction and Housing under the current budget allocations was held today (06) at the Presidential Secretariat, under the patronage of President Anura Kumara Dissanayake. The discussion focused extensively on the progress of urban development projects aimed at transforming Sri Lanka into…
The Lanka Hospitals Corporation PLC has announced that Dr. M. Nilupul Perera has resigned from his positions as Chairman and Non-Independent Non-Executive Director of the company, with immediate effect from 05 June 2025. Dr. Perera was appointed to the Board on 05 December 2024 as a Non-Independent Non-Executive Director, following recommendations by the Nomination and…
LOLC Group has reported a profit after tax of Rs. 41 billion for the financial year 2024/25, reflecting an 89% increase over the previous year, supported by an operating profit of Rs. 48 billion. The robust performance was fueled by steady expansion in financial services, a series of strategic international acquisitions, and improving economic conditions…
On the occasion of World Environment Day Yesterday (05), a project to manufacture and distribute standardized waste bins made from discarded barrels was launched in the Muturajawela area by Ceylon Petroleum Corporation (CEYPETCO). This initiative is implemented jointly by CEYPETCO and the Clean Sri Lanka Secretariat. The barrels have been carefully sorted to separate combustible…
HNB Investment Bank, acted as the Manager, Financial Advisor, and Sponsor for the Introductory Listing of Alpha Fire Services PLC in May 2022. This marked the first Empower Board listing facilitated by HNB Investment Bank. At the time of listing, AFS was valued at Rs. 32.3 million, based on a forward P/E multiple of 5.4x…
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