Financial Performance Sampath Bank registered a profit before tax (PBT) of Rs 18.5 Bn and a profit after tax (PAT) of Rs 11.1 Bn for 1H 2024 reflecting growth rates of 40% and 45% respectively compared to the corresponding period of the previous year. The Sampath Group also reported PBT and PAT figures of Rs…
WEConnect International, with support from the U.S. Embassy, is proud to host a Supplier Development Masterclass and the Supplier Diversity and Inclusion Roundtable on August 4-5, 2024, in Colombo, Sri Lanka. These events aim to empower and connect women-owned businesses with key industry leaders and potential buyers, fostering economic growth and promoting gender inclusivity within…
Bloomberg announced that Commercial Bank of Ceylon (ComBank), one of Sri Lanka’s leading banks, has adopted Bloomberg’s Data License to access reliable, high-quality reference data and to streamline their portfolio management. This marks ComBank as the first bank in Sri Lanka to adopt Bloomberg’s Data License to power their growth journey with comprehensive enterprise data….
Strategic responses to challenges facing the textile manufacturing industry have generated a positive start to 2024-25 for Teejay Lanka PLC, Sri Lanka’s first multinational textile manufacturer. The Group has reported profit before tax of Rs 273.7 million for the three months ending 30th June 2024, reversing a loss of Rs 701 million in the first…
Golden Island Hospitality Private Limited has entered into an agreement with the renowned Majestic Group Hotels & Casinos, a leading gaming group from India, to establish the Majestic Pride Casino, Sri Lanka. The casino will be housed in the prestigious Lotus Tower located in Colombo 10, promising a world-class gaming experience. The Ministry of Finance,…
The EDB in collaboration with the Sri Lanka Embassy in Vietnam made arrangements to organize participation of Sri Lankan Pharmaceutical product manufacturers at the 22nd Medi- Pharm Expo, Vietnam Exhibition 2024 held from 1st to 03rd August 2024 at DIECC (KohPich) in Hochi Minh City , Vietnam . The pharmaceutical Sector has been identified as…
Quarterly Financial Review Tokyo Cement Group (Tokyo Cement) reported a turnover of Rs. 11,665 Mn (a 3% decline over the same period of the previous year) and a Profit After Tax (PAT) of Rs. 707 Mn (a 18% decline over the same period of the previous year) for the 1st quarter ended 30th June 2024….
The President and Executive Committee of the Sri Lanka – Greater Mekong Business Council (SLGMBC) of The Ceylon Chamber of Commerce recently held a meeting with His Excellency Mr. Paitoon Mahapannaporn, the Ambassador of Thailand, and Ms. Prangtip Kongrittisuksakon, Counsellor of Thailand to Sri Lanka. The discussion focused on enhancing economic cooperation and exploring new…
Complaints can be made even without providing our unique identifiers, In future, this unit will also be launched in local revenue and excise departments – Minister of State for Finance Siambalapitiya The Internal Affairs Division of the Sri Lanka Customs Department to receive and investigate public complaints was inaugurated by Minister of State for Finance Ranjith Siambalapitiya….
People’s Leasing & Finance PLC, Sri Lanka’s leading non-bank financial services institution and a subsidiary of People’s Bank, has announced the appointment of Mr Sanjeewa Bandaranayake as its new Chief Executive Officer (CEO) and General Manager (GM). His appointment is effective from 6th August 2024, and has received the approval of the Central Bank of…
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