In a world where travelers seek more than just a destination, creating unique and memorable experiences has become the cornerstone of the hospitality industry. Recognizing this, Fairway Colombo, a smart luxury business hotel known for its innovative spirit, is set to redefine the guest experience in Sri Lanka by introducing robot operations, becoming the first…
Financial Performance Summary Sampath Bank reported a profit before tax (PBT) of Rs 29.9 Bn and a profit after tax (PAT) of Rs 17.8 Bn for the nine months ending 30th September 2024, despite an exchange loss of Rs 3.6 Bn due to the LKR’s appreciation. This reflects a year-on-year growth of 36% in PBT…
Hambantota International Port (HIP) has completed its first commercial ship-to-ship (STS) transfer operation for liquid cargo, marking another major milestone in the port’s expanding capabilities. The operation, carried out in collaboration with Singapore-based company Shipload Maritime to facilitate Laugfs vessel ‘Gas Challenger,’ highlights HIP’s commitment to becoming a key player in liquid cargo handling within…
The Hayleys Group delivered remarkable growth and profitability during the first half of the financial year ending 31st March 2025, as it leveraged its leading market positions across diverse business verticals to deliver a Profit Before Tax of Rs.12.73 bn, an increase of 78% over the corresponding period of the previous year. Meanwhile, the Group…
The Joint Apparel Association Forum (JAAF), representing Sri Lanka’s largest export industry, extends its warm congratulations to the National People’s Power on securing a resounding majority in the General Election. As Sri Lanka begins a new chapter, JAAF reaffirms its commitment to working closely with the new leadership to drive economic growth, foster sustainable employment,…
The marine summit “Voyage Sri Lanka 2024” organized by the Sri Lanka Export Development Board will be held on 26th November 2024 at Hotel Kingsbury, Colombo. Companies and Chambers from countries such as India, France, Saudi Arabia, Cambodia and Maldives have already registered for the summit. If Sri Lankan companies in this field wish to…
Loan book up by Rs 121.06 bn. in 9 months, with 44.20% of growth coming in Q3 CASA ratio improves to 39.60% at 30th 2024 Net interest income up 46.15% to Rs 88.98 bn. Total taxes for 9 months double to Rs 27.67 bn. The Commercial Bank of Ceylon Group has achieved impressive growth at…
The newly appointed Board of Directors of the Information and Communication Technology Agency (ICTA) will convene for their first meeting this afternoon (13). Dr. Hans Wijeyasuriya, recently appointed by President Anura Kumara Dissanayake as the Principal Presidential Advisor on Digital Economy, will chair the board in a non-executive role. Dr. Wijeyasuriya’s leadership reflects a commitment…
Operating Income of LKR 36 Bn. up 3% YoY Profit After Taxes of LKR 12 Bn. up 29% YoY Total Capital Adequacy Ratio of 17.12%, Return on Equity 24.25% Nations Trust Bank PLC reported a strong performance for the nine months ending 30th September 2024, achieving a Profit After Tax (PAT) of LKR 12 Bn,…
Net interest margin of 4.21%, consistently above the 4.00% mark Strong handle on costs and impairment enabling profits preservation Pre-tax profit of Rs. 9.4 Bn at Bank level Enhanced Earnings per Share of Rs. 13.69 Continued moderation in portfolio growth attuned to macro-economic conditions National Development Bank PLC (NDB) reported resilient performance for the nine…
Video Story
