Ambassador of Sri Lanka engages in discussions with the Chairman and Board of Directors of the Alexandria Chamber of Commerce to enhance trade and economic cooperation between Sri Lanka and Egypt Ambassador Sisira Senavirathne held discussions with Chairman and Board of Directors of the Alexandria Chamber of Commerce, Ahmed El-Wakeel, on 05 April 2026 at the…
Profit before Income Tax – LKR 4.5 Bn up by 8.31% Profit after Tax – LKR 2.9 Bn up by 5.25% Total Assets reach LKR 943 Bn Return on Equity (ROE) of 14.39% Impaired Loans (Stage 3) Ratio at 1.01% The Bank recorded a Profit Before Income Tax (PBT) of LKR 4,548 Mn in Q1…
Building on its 2025 performance, during which the Bank doubled its bottom-line Union Bank has commenced 2026 with strong momentum, reinforcing its trajectory as one of the fastest-growing commercial banks in the country. The 1Q 2026 results reflect a sharp acceleration in core earnings, driven by solid gains in profitability and revenue. Profit Before Tax…
BBC – Oil prices have climbed sharply following reports that the US is preparing for an ‘extended’ blockade of Iran. Brent crude rose to around $115 (£85) a barrel on Wednesday, having closed at just over $110 (£81) on Tuesday evening. The price had fallen slightly to $114.37 (£84.68) just before midday BST. It follows…
Sampath Bank PLC continues to transform Sri Lanka’s banking landscape through the introduction of a fully integrated, AI-driven lending ecosystem, reinforcing its leadership in intelligent, data-led financial solutions. This marks one of the first comprehensive AI-driven lending frameworks in Sri Lanka, enabling seamless, paper-light loan approvals within seconds while setting a new benchmark for speed,…
In a move to significantly bolster its domestic production capabilities, Singer (Sri Lanka) PLC has officially entered into a Sale Purchase Agreement to acquire the factory premises of ACME Printing and Packaging PLC. The agreement, executed on April 28, 2026, involves the purchase of the premises located at Assessment No. 345, Gonamadiththa Road, Piliyandala. The…
Trading of shares of Janashakthi Limited commenced on the secondary market of the Colombo Stock Exchange (CSE) this morning (29), following its successful Initial Public Offering (IPO). To mark the occasion, a ceremonial market opening bell ringing event was held at the CSE. The event was attended by the founder of the Janashakthi Group, Chandra…
The US dollar spot rate was recorded at Rs. 318.69 today (April 29, 2026), surpassing the Rs. 318 mark against the Sri Lankan rupee. Accordingly, the buying rate was recorded at Rs. 315.54, while the selling rate stood at Rs. 323.26.
The Food and Agriculture Organization of the United Nations (FAO) has launched a fertilizer support programme to assist smallholder paddy farmers in the Anuradhapura District whose fields were damaged by Cyclone Ditwah, helping them recover production in time for the upcoming Yala cultivation season in Sri Lanka. Through a voucher scheme valued at USD 300,000,…
Reuters – Elon Musk took the stand on Tuesday at a high-stakes trial over the future of OpenAI, casting his lawsuit against the ChatGPT maker as a defense of charitable giving. The world’s richest person is suing OpenAI, its co-founder and Chief Executive Sam Altman and its President Greg Brockman, saying they betrayed him and…
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