Aitken Spence PLC, a leading conglomerate with a diverse regional presence, reported a Profit Before Tax (PBT) of Rs. 4.3 Bn an increase of 124% for the 9 months ended December 31, 2024. For the same period, the PBT excluding forex reached Rs. 4.9 Bn. The total Group’s revenue in the reporting currency, including equity-accounted…
President Anura Kumara Disanayake met with the Executive Vice Chairman of Oracle Corporation Mike Sicilia during the World Governments Summit held in the United Arab Emirates yesterday (11). The discussion focused on Sri Lanka’s digital transformation, the adoption of fintech services, and cloud infrastructure to enhance economic and governance efficiency. Oracle expressed its willingness to…
Consolidated revenue of LKR 45.2 billion, up by 6.7% Healthcare revenue up 17.8% YoY to LKR 24.8 billion Consumer Brands recorded a revenue of LKR 14.4 billion, down 3.1% YoY Diversified conglomerate Sunshine Holdings (CSE: SUN) reported a consolidated revenue of LKR 45.2 billion for the nine months ending 31 December 2024 (9MFY25), an increase…
Hindustan Times – Climate change-induced gale-force winds, erratic monsoons, and a turbulent sea are now hindering the smooth operation of the India-Sri Lanka ferry service, which was resumed 17 months ago. Remained in suspended animation for 41 years due to the civil war that ravaged the neighbouring island nation, the age-old sea route was rejuvenated…
Cinnamon Hotels & Resorts, in partnership with Indra Traders Pvt Ltd, is expanding its footprint in Sri Lanka’s hill capital with the launch of Kandy Myst by Cinnamon. Opening its doors on February 12, 2025, this vibrant new addition to the brand’s portfolio is set to transform urban hospitality in one of the country’s most…
The Central Bank of Sri Lanka (CBSL) has issued a warning regarding a rise in fraudulent job advertisements falsely claiming to offer employment opportunities at the Bank. These deceptive advertisements, often shared on social media and unauthorized platforms, misuse the CBSL’s official logo to mislead job seekers. CBSL clarifies that it does not post job…
Total of 7 awards including Exporter of the Year, Net Foreign Exchange Earner of the Year Recognised for contributions to sustainable exports, product and market diversification Global apparel-tech conglomerate MAS Holdings has once again secured multiple top awards including the coveted Exporter of the Year, at the 26th Presidential Export Awards for 2023/24. The prestigious…
hSenid Business Solutions PLC (hSenidBiz) has announced its financial results for the third quarter of FY2025, achieving a key milestone of USD 4.0 million in exit-Annualized Recurring Revenue (ARR), marking a significant step in hSenidBiz’s journey as a leading HR technology provider in Emerging Markets across South Asia, Southeast Asia, Middle East and Africa. The…
Sri Lanka’s economy witnessed a rise in currency in circulation (CIC) throughout 2024, fueled by seasonal demand and the start of the election cycle, the Central Bank of Sri Lanka (CBSL) reported. The CBSL injected Rs. 163.0 billion into the economy during the March 2024 festive period, of which Rs. 87.8 billion was returned by…
Reuters – Hong Kong will file a complaint on recent U.S. tariffs imposed on the city to the World Trade Organization, claiming the U.S. has completely ignored the city’s status as a separate customs territory, chief secretary Eric Chan said on Tuesday. “This is absolutely inconsistent with the WTO rules. Of course, they have totally…
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