President Anura Kumar Disanayake invited Sri Lankan exporters to rebuild and thrive on a robust economic foundation. The President emphasized that our country faces the challenge of capturing market share from a position of relative weakness. He pointed out that, to overcome this, external support had to be sought. In this regard, he highlighted that…
The President and members of the Sri Lanka-Pakistan Business Forum had a productive discussion with Acting High Commissioner of Sri Lanka in Islamabad A. Christy Ruban on 04 February 2025 at the High Commission premises. The delegation was led by Honorary Consul of Sri Lanka and President of the Sri Lanka-Pakistan Business Forum Yasin Joiya….
Sri Lanka’s official reserve assets recorded a marginal decline of 0.9% in January 2025, according to the latest data from the Central Bank of Sri Lanka (CBSL). Total reserves stood at US$ 6.06 billion at the end of January, down from US$ 6.12 billion in December 2024. The decline was primarily driven by a 1%…
Nitesh Banga to succeed Santosh Thomas as Chief Executive Officer Virtusa Corporation, a global leader in digital business strategy, digital engineering, and IT services, announced a leadership transition with the appointment of Nitesh Banga as President and CEO, effective February 3, 2025. Nitesh will succeed Santosh Thomas, who is stepping down to pursue outside opportunities….
NDB Bank takes a significant stride in revolutionising financial convenience by enabling government payments through its cutting-edge digital platforms, NEOS Online Banking and NEOS Corporate. This integration aligns with the launch of GovPay, Sri Lanka’s transformative digital payment platform, spearheaded by the Information and Communication Technology Agency (ICTA) and LankaPay, and supported by the Ministry…
Melstacorp PLC has announced the appointment of D. Hasitha S. Jayawardena as the Executive Chairman, following the passing of Deshamanya D. H. S. Jayawardena. The Board of Directors approved the appointment through a resolution dated February 6, 2025, with immediate effect. Mr. Hasitha Jayawardena, previously serving as a Non-Independent Non-Executive Director, brings over 12 years…
Performance Review for the Nine Months Ended 31st December 2024 Overview The Group recorded earnings of Rs. 3.0 billion, a 36.3 percent growth in consolidated earnings for the quarter with revenue increasing by 6.4 percent to Rs. 33.2 billion and operating profit increasing by 25.7 percent to Rs. 4.9 billion. Revenue growth was evident across…
Sri Lanka’s commitment to a cleaner and healthier environment has received a major boost through the generous support of the Government of Japan. Under Japan’s Economic and Social Development Programme, a grant of 300 million Japanese Yen (approximately LKR 565 million) has been provided to procure 28 state-of-the-art garbage compactors. This assistance will significantly enhance…
Aitken Spence PLC announced the appointment of Ms. D S T Jayawardena (Stasshani Jayawardena) as Chairman of the company, following the passing of Deshamanya D H S Jayawardena. Concurrently, Mr. M R Mihular has been appointed as the Senior Independent Director. Ms. Jayawardena, an Executive Director at Aitken Spence, brings over 15 years of strategic…
Hatton National Bank PLC (HNB), Sri Lanka’s second largest Private Bank, announced the successful acquisition of full ownership of Acuity Partners (Pvt) Ltd today. With this acquisition, HNB has rebranded the entity as HNB Investment Bank (Pvt) Ltd, further strengthening its position as a key player in the country’s investment banking sector. Acuity Partners was…
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