Full Support from Exporters Essential to Achieve This Goal – President President Anura Kumara Dissanayake stated that the government’s aim is to create economic independence in the country, and for this, the full support of the country’s exporters is essential. He made this remark during a discussion held at the Presidential Secretariat Yesterday (29) with…
– President’s Remarks to the Sri Lanka Banks’ Association Systematic Formalization of the Informal Economy to Ensure Public Welfare Fast-Tracking Digital Transformation and National Digital ID Implementation President Anura Kumara Dissanayake emphasized that, since neither he nor his administration has special ties or obligations to any party within the country’s development or business sectors, they…
Profit after Tax Increases by 78% Net Interest Income – 8.79 Bn, up by 18% Net Fee and Commission Income – 1.39 Bn, up by 26% Other Operating Income – 0.44 Bn, up by 189% Operating Profit before Taxes on Financial Services – 4.37 Bn, up by 49% Profit before Tax – 3.22 Bn, up…
• New Initiative Launched to Lower Electricity Costs – President Addresses Sri Lanka Chamber of Commerce Representatives • Chamber of Commerce Pledges Pro Bono Support for Economic Development President Anura Kumara Dissanayake announced that the entire country will undergo digital transformation within the next three years under his administration. He highlighted that digitization holds the…
The Embassy of Sri Lanka in Riyadh, in collaboration with the Coconut Development Authority of Sri Lanka, facilitated the participation of ten Sri Lankan companies manufacturing coconut-based products, in the 41st edition of the Saudi Agriculture Expo 2024, for the first time. The event was held in Riyadh from 21 to 24 October 2024. Ambassador of…
Profit before Income Tax – LKR 10,608 Mn up by 47.72% Profit after Tax – LKR 6,593 Mn up by 46.65% Liquidity Coverage Ratio (LCR) – All Currency of 442.64% and Rupee of 509.82% Total Capital Adequacy Ratio of 17.05% Impaired Loan (Stage 3) Ratio 3.05% Seylan Bank recorded a Profit after Tax of LKR…
The Central Bank of Sri Lanka (CBSL) today (29) rejected as ‘completely baseless’ the recent reports claiming that the CBSL has printed currency notes to the value of Rs. 100 billion through Sri Lanka’s open market operations. Issuing a clarification in this regard, the CBSL explained that providing liquidity through open market operations is among…
3-day Middle East Organic and Natural Product Expo to get under way at DWTC from Nov 18 The region is set to experience the future of sustainable living as the 22nd Middle East Organic and Natural Product Expo gets ready to roll at Dubai World Trade Centre from November 18 to 20, 2024. Underlining its status as…
The Sri Lanka Computer Emergency Readiness Team (CERT) today issued an alert to the public about the surge in fake messages being disseminated via social media and communication platforms, particularly WhatsApp. These deceptive messages are designed to fraudulently obtain personal and financial information by impersonating credible institutions, including banks, commercial organizations, and international bodies. Recent…
Export Performance in September 2024 As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in September 2024 amounted to US$ 937.95 million, recorded a decline of 3.49 % compared to the month of September 2023. This was mainly due to the decrease in earnings from export of Tea, Rubber…
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