In a strategic move towards advancing digital payment solutions in Sri Lanka, WEBXPAY welcomes Thilak Piyadigama, a veteran with over three decades of experience in banking and technology, as its new Executive Chairman. Piyadigama is set to lead WEBXPAY into a new era of digital payment innovation, with a focus on enhancing financial inclusion and…
Foreign visitors make up 40% of tourist arrivals in the first half of the year. Ambitious plans to boost forest coverage to 32% by 2030 unveiled. Sri Lanka honoured with United Nations flagship award for mangrove restoration. Comprehensive elephant population survey to be conducted for the first time in 13 years – Minister Pavithra Wanniarachchi….
Tourism Revenue Hits USD 1.556 Billion from January to June 2024 – Deputy Director General of Sri Lanka Tourism Development Authority. Rs. 735.56 Million Earned by June 2024 – Deputy Director (Planning) of the National Botanic Gardens Department. “Sri Lanka – You’ll Come Back for More” Brand Identity Wins Top International Accolades – Sri Lanka…
Net Interest Income – 5,853 Mn, up by 29% Net Fee and Commission Income – 855 Mn, up by 24% Operating Profit – 2,725 Mn, up by 32% Profit before Tax – 1,996 Mn, up by 32% Profit after Tax – 1,025 Mn, up by 11% Total Assets – 248 Bn, up by 6% Customer…
Business Sentiment: Index Dips as Challenges Persist Having endured a challenging period, Sri Lanka formalised an agreement with its bilateral creditors led by Japan and India to the tune of US$ 5.8 billion recently. Sri Lanka also closed a US$ 12.5 billion International Sovereign Bond (ISB) restructuring arrangement with the parties reportedly agreeing on the…
The Managing Director of Onomichi Dockyard Company, Japan, and Director of Colombo Dockyard PLC (CDPLC), Kunio Kobatake, recently visited Hambantota International Port (HIP). This visit follows a newly signed agreement between CDPLC and the Hambantota International Port Group (HIPG) to construct a state-of-the-art ship repair workshop at the port. Johnson Liu, Chief Representative of CM…
By Dr. Dan Seevaratnam Sri Lanka continues to grapple with severe economic challenges that affect all its citizens, including those in the plantation sector. At a time when nearly one in four Sri Lankans has fallen below the poverty line as a result of the Sri Lankan economy’s historic downturn over the past 4 years,…
Today is a historic day for moviegoers in Sri Lanka as Scope Cinemas proudly unveils its new IMAX®️ Theatre at Havelock City Mall. This state-of-the-art facility introduces the highly-anticipated IMAX®️ with Laser technology, promising an unrivaled cinematic experience that will captivate audiences with its stunning visuals and immersive audio. IMAX®️, a name synonymous with cutting-edge…
The Sri Lanka Export Development Board (EDB) successfully held its 24th Exporters’ Forum on the 25th of this month. The forum, a platform for discussing and resolving issues faced by exporters, was presided over by State Minister of Investment Promotion, Hon. Dilum Amunugama. The participation of Secretary of the Ministry of Investment Promotion, Mr. M….
A high-level delegation from CPA Australia, including board members and representatives from international markets, recently concluded a successful visit to Sri Lanka. The delegation’s primary focus was on establishing strong relationships with local governments, professional bodies, universities, and banking institutions. “We’re excited to be expanding our presence in Sri Lanka,” said Professor Dale Pinto (FCPA),…
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