1H 2024 Revenue recorded at Rs82.5Bn, Core Revenue up 2% YTD 1H 2024 EBITDA remained flattish at Rs27.1Bn, Core EBITDA Margin reach 39.2% for 1H 2024 Total Taxes Paid to GoSL Rs23.3Bn for 1H 2024 which included Rs6.5Bn in Direct and Rs16.8Bn in Indirect Taxes; The total taxes paid increased 6% YTD Capex Investments of…
Introduction of an Online Auction Bidding Platform for Treasury Bills and Bonds In a pioneering move within the Primary Dealer industry in Sri Lanka, WealthTrust Securities has launched a state-of-the-art online platform that enables clients to place bids directly at primary auctions for government securities. This launch marks a significant step in the company’s commitment…
SLGJA rings alarm bells about the gradual migration of the gem and jewellery industry The Sri Lanka Gem and Jewellery Association (SLGJA), raises growing concern that the imposition of high taxes, including the Value-Added Tax (VAT) is driving businesses in the gem and jewellery industry to be relocated to other, countries, which have more conducive…
-Highlights Unique Wildlife and Nature Tourism Assets of the Destination Sri Lanka Tourism made a significant impact with its presence at the Global Bird Fair 2024, held recently in Rutland, United Kingdom, underscoring the country’s commitment to promoting its unique wildlife and nature tourism assets. The event, a premier gathering for wildlife enthusiasts and conservationists…
India’s Adani Group is reworking its digital strategy that includes bolstering online payment through partnerships as Gautam Adani’s conglomerate looks to make its superapp an essential part of people’s lives. Adani One, with a user base of 30 million as of March 31, will widen its offerings to be more than just a travel app,…
Public trading of shares of Cable Solutions Limited on the Diri Savi Board of the Colombo Stock Exchange (CSE) will commence on the 14th of August 2024, under the ticker symbol CSLK. The initial public offering (IPO) of shares of Cable Solutions Limited – Sri Lanka’s leading specialised manufacturer of integrated cables – received active,…
By Prof. Samitha Hettige Amidst Paris Olympics topic USA requested World Anti Doping Organization for ‘representative status which corresponds to its economic contribution’ by threatening to stop financial aid while hyping up the doping issue. Some view it as ‘American hegemony & coercion’ in sports. They also are of the view that doping is increasingly…
Group Net Operating Income, up by 36% to LKR 17 Bn Impairment charge for loans and receivables, reduced by 75% to LKR 1.9 Bn with the revival of the economic environment. Group Profit After Tax, up by 46% to LKR 5.7 Bn Group Total Capital Adequacy Ratio – 16.89% Leveraging improvements across several macroeconomic indicators,…
SLTPB to host the mega Instagramer group with a global followers base of 7.5 million targeting the Winter 2024/25 Having a diehard travel-seeking global audience, representing all the key source markets to Sri Lanka, these seven (07) mega influencers will create some of the most engaging content about Sri Lanka under the tagline of “You…
The Financial Intelligence Unit (FIU) of Sri Lanka entered into a Memorandum of Understanding (MOU) with the Registrar General of the Registrar General’s Department on August 06, 2024 at the Central Bank of Sri Lanka (CBSL) to receive information on Trusts, property registrations and any suspicious activities relating to Trusts and property registrations in relation…
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