Business confidence spikes for a third consecutive month to nearly three digits Sri Lanka’s internal affairs are heating up with critical agreements pending regarding debt restructuring. The government however, is confident that the process will be completed in time for the release of the third IMF tranche in June. President Ranil Wickremesinghe announced that the…
The Lanka Hospitals Corporation PLC has officially announced that the Department of Public Enterprise of the Ministry of Finance, Economic Stabilization and National Policies has notified the company regarding a significant decision by the Board of Directors of Sri Lanka Insurance Corporation Limited. The decision involves the transfer of shares held by Sri Lanka Insurance…
Softlogic Holdings PLC has announced a significant partnership between its subsidiary, Softlogic City Hotels (Private) Limited, and the internationally renowned hotel operator Minor Hotels. This collaboration will see the rebranding and operation of Softlogic’s hotel in Colombo as an upper-upscale NH Collection hotel. Pursuant to Section 8.1 of the Listing Rules, the company disclosed that…
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100) decelerated to 0.9% in May 2024 from 1.5% in April 2024. This deceleration in the headline inflation is broadly in line with the projections of the Central Bank of Sri Lanka (CBSL). Food inflation (Y-o-Y) decelerated to 0.0%…
The Indian Ocean Rim Association (IORA) Business Conclave 2024, held from May 28th to 29th facilitated trade and investment across the Indian Ocean Rim region by yielding strategic MOUs and promoting international industry engagement. Organised by the Ceylon Chamber of Commerce in collaboration with the Ministry of Foreign Affairs Sri Lanka, the Conclave brought together…
Siyapatha Finance PLC, a subsidiary of Sampath Bank PLC and a prominent leader in Sri Lanka’s non-banking financial sector, announces the resounding success of its recent debenture issuance, which received an overwhelming response from investors, meeting and surpassing all expectations. The highly anticipated initial public offering of Siyapatha Finance PLC’s debenture issuance, officially opened for…
Sri Lanka’s leading integrated financial services provider, HNB FINANCE PLC, announced its financial results for the fiscal year which ended March 31, 2024 (FY23/24), demonstrating resilience and growth amidst a volatile economic environment. The company marked significant turnaround, recording a 225 percent growth in profit-after-tax (PAT) to Rs.621 million compared to a loss of Rs.496…
Sri Lanka Tourism once again showed its full potential and capacity to attract visitors not only by promoting the destination as a tourist attraction, but also for its vibrancy and creativity, by bagging the award for the ‘’Best Booth Design’’ at the 39th Seoul International Travel Fair (SITF), held in South Korea recently. This major…
FY24 Revenue of Rs.55.5 billion, up 7% Healthcare sector revenue growth of 16.1% YoY to Rs.27.7 billion Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) recorded resilient revenue growth amidst the backdrop of a moderately stable macroeconomic conditions, reporting notable top-line and bottom-line growth during the year ended 31 March 2024. Group’s Healthcare and…
Airline will be visible at 28 World events in 16 countries including Cricket World Cup, T20 World Cup and Champions Trophy Emirates, the world’s largest international airline, and the International Cricket Council (ICC) has announced a multi-year extension to their global partnership. The long-standing partnership, already in its third decade, is set to become one…
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