SLT-MOBITEL, the National ICT Solutions Provider, has reported moderate revenue growth for the first half of 2024, while demonstrating savings through cost management initiatives. The 1H 2024 performance establishes SLT-MOBITEL’s resilience and adaptability in a challenging market environment. The moderate revenue growth, coupled with successful cost-saving initiatives, has led to notable improvements. The Group’s revenue…
In the wake of Sri Lanka’s economic recovery, banking institutions are adapting strategies to align with the evolving landscape. Prins Perera, Senior Vice President of Treasury and Investment Banking at DFCC Bank PLC, discusses the proactive measures and innovative approaches the industry has undertaken to safeguard liquidity, ensure profitability, and identify promising sectors for investment….
Haycarb PLC’s Brahman Balaratnarajah was re-appointed as IASL Chairman for 2024/25 The Industrial Association of Sri Lanka (IASL), the leading trade body representing the industrial and manufacturing sectors of the nation, hosted its 33rd Annual General Meeting on August 9th, 2024, at the Kingsbury Hotel, Colombo. The event, attended by key industry leaders, highlighted the…
In a move to further strengthen Sri Lanka’s burgeoning tourism ties with Poland, the Sri Lanka Tourism Promotion Bureau (SLTPB) welcomed popular Polish celebrity couple Mr. Cezery Pazura and Ms. Edyta Pazura to the island nation. Mr. Cezery Pazura, a renowned Polish actor, and the asteroid (669588) Claw was even named after him by the…
The Ceylon Chamber of Commerce is pleased to announce that at its invitation, the four main Presidential candidates have nominated their leading economic policy experts to participate in a debate presenting each party’s economic policies and pledges ahead of the 2024 Presidential Election, on 29th August at the BMICH. Hon. Shehan Semasighe representing the President…
The Annual General Meeting of the Sri Lanka Ceramics & Glass Council (SLCGC) took place on 1st August 2024, at The Kingsbury Colombo. As the foremost industry body representing the ceramics and glass sectors in Sri Lanka, SLCGC is dedicated to promoting innovation, sustainability, and growth, thereby playing a crucial role in advancing industry standards…
Revenues up by 3% to Rs. 2.2 billion. Financial and operational efficiency gains through backward vertical integration New SEAFORM kitchen showrooms in Australia and Bangladesh Significant growth in Wood Coatings of 15% and Paint Brushes of 47% Sustainability Award for Sound Chemical Management JAT Holdings PLC – Sri Lanka’s market leader in wood coatings, paint…
The Commercial Bank of Ceylon has emerged as the biggest supporter of the dreams of home builders in Sri Lanka, achieving market leadership in the ‘Home Loans’ sector. The Bank has announced that its home loans portfolio grew to Rs 72.965 billion as at 31st March 2024, and achieved the number 1 place. Notably, Commercial…
Huawei Sri Lanka recently marked a significant achievement with Sri Lanka reaching a total solar energy capacity of 1 gigawatt (GW) by 2024. This milestone was celebrated at an event held on August 15, 2024, at the Shangri-La Colombo, which gathered government officials and stakeholders to highlight the collaborative efforts in the renewable energy sector….
Growth powered by Adani Enterprises’ emerging Businesses—Solar & Wind manufacturing (part of Green Hydrogen Production Chain), Airports & Roads In line with its commitment to transparency, Adani Group, one of South Asia’s leading infrastructure conglomerate, today announced the release of the Adani Portfolio’s latest Results and Credit Compendium. The Results Compendium provides a comprehensive overview…
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