The apex body of the plantation industry in Sri Lanka, The Planters’ Association of Ceylon (PA) issued a statement congratulating President Anura Kumara Dissanayake and the National People’s Power (NPP) on their recent and resounding electoral victory. The Association also extended its congratulations to Samantha Vidyarathna on his appointment as Minister of Plantation and Community…
First Capital Holdings PLC (the Group) recorded a Total Comprehensive Income of Rs. 904 million for the six months ended September 30, 2024, demonstrating resilience in a dynamic market environment, compared to Rs. 9.58 billion in the same period of last year. The Group’s net income before operating expenses for the first half of 2024/25…
The Sri Lanka Banks’ Association (SLBA) has congratulated President Anura Kumara Dissanayake on his party’s resounding victory at the Parliamentary election and pledged its support to the new government in the challenging journey ahead. The Association, which represents all licenced banks in Sri Lanka, also noted that its recent interactions with the Presidential Secretariat has…
Leaders from African nations including Uganda while attending the China Africa summit in Beijing recently agreed that ‘blossoms in spring turn into fruits in autumn & a bumper harvest is the reward of hard work’. Efforts of those who fought with Rohana Wijeweera (founder of JVP) were turned into fruits this autumn by Sri Lankans…
Focus on Social Spending: Tackling Child Poverty, Malnutrition, and Supporting the Differently Abled IMF Program Hinges on Rebuilding Public Trust in Governance The government of President Anura Kumara Dissanayake reaffirmed its readiness to collaborate with the International Monetary Fund (IMF) to advance Sri Lanka’s economic recovery within the context of the mandate. Senior Mission Chief…
Appoints Jeevan Gnanam as Managing Director Sigiri.Ai founded by Lasitha Gunasinghe has introduced a groundbreaking development for Sri Lanka’s digital landscape: the first-ever Sinhala and native Tamil Large Language Models (LLMs). This pioneering step brings advanced natural language processing to local languages, offering new levels of accessibility and engagement for Sinhala and Tamil speakers. The…
Prof. P.N.D. Fernando officially took over as Chairman of People’s Bank on 18th November 2024 at a ceremony held at the bank’s Head Office attended by CEO/GM of People’s Bank, Clive Fonseka and the bank’s senior management. Prof. Fernando brings with him over 25 years of experience in finance, banking, and higher education. He has…
The Adani Group’s wind power project in Mannar, Sri Lanka, has a planned capacity of 250 megawatts (MW). This project is part of a broader investment in renewable energy by Adani group in Sri Lanka, with expected completion by 2025. This initiative aims to support Sri Lanka’s renewable energy goals and create up to 2,000…
Hela Apparel Holdings PLC has announced a significant improvement in its financial performance during the quarter ended 30th September, with a return to operating profit for the first time in eight quarters. This positive result highlights the recovery of demand conditions in its key export markets and underscores the successful outcomes of its ongoing restructuring…
Customer deposits cross Rs 1.6 Tn Contribution to Government revenue by way of taxes exceeds Rs 25 Bn for 9M Continues to maintains strong capital and liquidity levels Asset quality further strengthened with net stage 3 ratio at 3.32% and provision coverage ratio at 60% HNB Group recorded a PAT of Rs 23.7 Bn growing…
Video Story
