Group Net Operating Income up by 30% to LKR 35 Bn Impairment charge for loans and advances reduced by 68% to LKR 3.96 Bn. Group Profit After Tax of LKR 9.9 Bn Group Total Capital Adequacy Ratio – 16.958% Group Total Assets up by 10% to LKR 709 Bn In a demanding banking landscape, DFCC…
The overall rate of inflation as measured by the NCPI on a Year-over-Year basis was -4.0% in January 2025 and inflation calculated for the December 2024 was -2.0%. On a monthly basis, the Year-on-Year inflation of the food group decreased to -2.5% in January 2025 from -1.0% in December 2024 and the Year-on-Year inflation of…
Reuters – Dairy giant Fonterra said on Wednesday it would engage with potential buyers of its global consumer business and integrated businesses over the coming weeks, and also named key management team members in preparation for an initial public offering. Auckland, New Zealand-based Fonterra in November last year outlined its plans to explore potential divestment options…
The Sri Lanka Administrative Service Association (SASA) has expressed its appreciation for the 2025 budget, highlighting its development-focused approach and its alignment with efforts to strengthen state revenue within the constraints of a limited fiscal space. In a letter addressed to President Anura Kumara Dissanayake, signed by SASA Secretary Kalindra Jayaweera Fernando, the association conveyed…
Deputy Minister of Digital Economy Erange Weerartne to attend Dr. Hans Wijayasuriya to Share His Expertise, Positioning Sri Lanka as a Leading Tech Hub The Sri Lanka Association for Software Services Companies (SLASSCOM) has announced its participation at the NASSCOM Technology and Leadership Forum (NTLF) 2025, set to take place in Mumbai, India, from February…
Verified Market Research® is thrilled to announce the release of its comprehensive and authoritative report on the Tea Extract Market – Size and Forecast. With demand for tea-based products rising globally due to their health benefits, functional ingredients, and increasing consumer preference for natural ingredients, this report provides an in-depth analysis that industry leaders can leverage…
The Asian Development Bank (ADB) and the World Bank (WB) signed a new groundbreaking Full Mutual Reliance Framework (FMRF) today to deepen their collaboration on cofinanced public sector projects. This first of a kind arrangement between MDBs aims to streamline project processing and implementation and deliver faster and more efficient results to borrowing clients. Under…
Solid pre-tax profit growth of 141% to Rs. 24.3 Bn NIM of 4.34%, highest recorded thus far Positive impact stemming from the finalization of ISB restructuring by the GoSL leading to reversal of impairments Notable growth in profitability even excluding one-off gains 13% reduction in Stage 3 loans portfolio National Development Bank PLC (NDB) is…
Some 86% of firms see Trump’s policies as harmful to business environment – Reuters Japan Corporate Survey Respondents see Trump tariffs as most damaging aspect of policy More than 40% of firms expect Japan interest rate rise to 1% to undermine capital spending – survey Reuters – Almost nine out of 10 Japanese companies expect…
President AKD proposed below legal reforms during his maiden budget speech among other proposals. The Act on the Exchange of Information between State Institutions. Investment Protection Act. State Business Enterprises Management Act. Public Private Partnership Investment Management Act. Statistics Act. Valuation Act. Public Asset Management Act. Public Procurement Law. Micro Finance & Credit Regulatory Authority…
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