The Computer Society of Sri Lanka (CSSL) has reaffirmed its commitment to digital excellence with the unveiling of the prestigious CSSL National CIO List 2024, an initiative recognizing the nation’s top Chief Information Officers (CIOs) for their outstanding contributions to the industry. This flagship event brought together industry pioneers, technology leaders, and key stakeholders to recognize…
Net Interest Income – Rs. 12.13 billion, up by 18% Net Fee and Commission Income – Rs. 1.90 billion, up by 24% Operating Profit before Taxes on Financial Services – Rs. 7.90 billion, up by 137% Profit before Tax – Rs. 6.03 billion, up by 159% Profit after Tax – Rs. 4.13 billion, up by…
Total tax expense of Rs 60.4 Bn for the Group Bank Assets cross Rs 2.0 Tn Rs 117.8 Bn growth in Gross Loans and Advances Rs 135.7 Bn growth in Deposits Stage 3 Ratio improves to 1.88% from 3.76% in 2023 Affirms commitment to uplift MSME sector Declares a cash dividend of Rs 15.00 per…
Efforts Underway to Expand Cooperative and Sathosa Networks for Subsidized Essential Goods Focus on Reducing Prices of Bakery Products Officials Directed to Investigate Misuse of Loans by Rice Mill Owners The government is focusing on providing packs of essential food items to low-income earners in preparation for the upcoming Sinhala and Tamil New Year. In…
Profit After Tax of LKR 17 Bn. up 46.5% YoY Annual Tax cost amount to LKR 16 Bn Net Stage 3 Ratio of 1.6% Total Capital Adequacy Ratio of 22.66 %, Return on Equity 24.22% Nations Trust Bank PLC reported strong financial results for the twelve months ending 31st December 2024, achieving a Profit After…
The Hambantota International Port (HIP) began maintenance dredging this month in order to restore the harbour’s original depth. The operation undertaken by HIP to ensure the continued safe navigation of vessels began early February and is expected to be completed in approximately two months. This project will return the harbor to its declared specifications by…
Unilever Sri Lanka inaugurated a new Foods Factory at the Lindal Industrial Processing Zone in Sapugaskanda, graced by the Honourable Sunil Handunneththi, Minister of Industry and Entrepreneurship Development. The construction commenced during the economic crisis and reinforces Unilever Sri Lanka’s strategy to strengthen local manufacturing. This not only removes the pressure on forex but also…
Majority of the population feels economic conditions ‘getting better’ The government’s approval rating rose sharply after the election, from 24% in July 2024 to 62% in February 2025, when the latest round of the Gallup style ‘Mood of the Nation’ poll was conducted by Verité Research. For the first time since the economic crisis, a…
In a landmark move for Sri Lanka’s engineering and construction sector, George Steuart Engineering has signed an agreement with NEEDLU ConsEase ERP to streamline and enhance its entire operational framework. This strategic partnership marks a significant step towards digital transformation, reinforcing the company’s commitment to innovation and efficiency. Directors of George Steuart Engineering Mr. Madawa…
The Joint Apparel Association Forum (JAAF) welcomes the new Government’s maiden budget, recognizing its focus on export-driven growth, investment facilitation, and policy consistency. The budget’s commitment to economic stabilization and a competitive business environment marks a positive step forward for Sri Lanka’s textile and apparel sector. The expansion of Sri Lanka’s Free Trade Agreements (FTAs)…
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