Delegates from the Singapore Press Club recently visited Sri Lanka, with SriLankan Airlines collaborating with the Sri Lanka High Commission in Singapore as the airline partner for the group’s tour. During their visit, they were welcomed by the Head of Worldwide Sales, Dimuthu Tennakoon, and the SriLankan Airlines Corporate Communications team, who shared insights into…
Group Revenue gained momentum as core Revenue grew 6% both YTD and QoQ EBITDA Reached Rs45.1Bn up 1% YTD and up 33% QoQ Total Taxes Paid to GoSL Rs35.1Bn for nine months ending 30th September 2024 which included Rs8.6Bn in Direct and Rs26.5Bn in Indirect Taxes Net Profit reported at Rs4.5Bn for Q3 2024, up…
Strategic partnership with Aradhana Group marks a new phase in BYD’s nationwide expansion drive BYD, the world’s leading New Energy Vehicle (NEV) manufacturer together with its exclusive agent in Sri Lanka, John Keells CG Automotive (JKCG Auto) have entered into a partnership with the Aradhana Group to support its expansion to the island’s South Coast….
Sri Lanka has been voted the Most Desirable Island in the World at the Wanderlust Reader Travel Awards 2024 in London. At the prestigious Wanderlust Reader Travel Awards 2024 held in London, Sri Lanka emerged as the “Most Desirable Island in the World,” marking a significant milestone in its tourism recovery journey. More than 200,000…
Sri Lanka’s official reserve assets have significantly increased to USD 6.46 billion in October 2024, according to the Central Bank of Sri Lanka (CBSL). This is an increase of 7.9% compared to the USD 5.99 billion recorded in September 2024. Sri Lanka’s foreign currency reserves, which is the main component of official reserve assets, have…
The Financial Intelligence Unit (FIU) of Sri Lanka entered into a Memorandum of Understanding (MOU) with the National Secretariat for Non-Governmental Organizations on November 04, 2024 at the Central Bank of Sri Lanka (CBSL) to exchange information on investigations and prosecutions of Money Laundering (ML), Terrorist Financing (TF) and related crimes and of any persons…
Group: New record half-year performance with profit before tax[1]of AED 10.4 billion (US$ 2.8 billion), up 1% from the same period last year. Revenue up 5% to AED 70.8 billion (US$ 19.3 billion), driven by strong customer demand across its business divisions. Emirates: Revenue up 5% to AED 62.2 billion (US$ 16.9 billion), with profit…
Sri Lanka made a remarkable entry at the World Travel Market (WTM) 2024 held in London with record number of trade delegation of over 100 industry participants, highlighting the nation’s commitment to revitalize and strengthening its tourism sector. This record-breaking participation underscores Sri Lanka’s dynamic push to position itself as a top global travel destination….
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, has deployed the world’s first commercial virtual Base Station Controller (vBSC) with Ericsson (NASDAQ: ERIC). This breakthrough deployment is set to enhance network performance and reliability, improving user experience and operational efficiency while significantly reducing operating costs. The vBSC, a virtualized version of the traditional Base Station…
Profit After Tax Soars to Rs. 512million against Rs. 306 million in the previous year Sri Lanka Revenue up by 8% to Rs. 3,287 million Group Revenue lower by 7% due to Bangladesh crisis Gross profit margin rises 2% due to backward vertical integration Binder plant and alkyd resin plant fully operational JAT Holdings PLC,…
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