Cruise ship ‘Serenade of the Seas’ made her maiden call at the Hambantota International Port (HIP) on Monday 29th April. The luxury liner, which carried 1,950 passengers and 890 crew members, was the 10th cruise ship to call at HIP for the year 2024. The ‘Serenade of the Seas’ launched in 2003 is one of…
As the global trend towards contactless payments continues to surge, Sampath Bank proudly unveils its latest innovation: Sampath PayBand, the versatile Wearable Payment Device. This groundbreaking solution promises to redefine the transaction landscape in Sri Lanka, catering to the evolving preferences of the younger generation and tech-savvy consumers. Representing a significant milestone as the country’s…
Recommendations to provide a road map for the action to be taken in respect of those affected by the Parate Law in the period after December 15 Recommendations to give fair opportunity to negotiate with banks to all parties who have done business with banks subject to parate law The Committee questions the officials on…
In a bid to harness the potential of Sri Lanka’s IT/BPM talent and explore the vast opportunities the country has to offer, SLASSCOM recently conducted an orientation program for newly appointed Sri Lankan Ambassadors and High Commissioners designated for overseas missions. Organized by the Ministry of Foreign Affairs, the session aimed to equip the diplomats…
There has been widespread media coverage following an announcement published in Gazette No. 2382/04 on the 30th of April about proposed wage increases for Tea Growing and Manufacturing Trade, and Rubber & Raw Rubber Manufacturing Trade, and subsequent remarks made by the President in a speech he delivered on the 1st of May at Kotagala to commemorate…
“Sustaining Growth – Bridging Horizons” The Ceylon Chamber of Commerce proudly announces its appointment as the Chair of the Indian Ocean Rim Business Forum (IORBF) for 2023 – 2025. In line with this prestigious appointment, the Ceylon Chamber in collaboration with the Ministry of Foreign Affairs Sri Lanka will organise the “Indian Ocean Rim Association…
Earnings from merchandise exports increased by 9.8 per cent to US dollars 1,139 million in March 2024 compared to US dollars 1,037 million in March 2023. There was an increase in earnings across all major categories of exports, where industrial exports increased the most. The increase in industrial goods exports in March 2024 (year-on-year) was…
Expolanka Holdings announced its financial results for the fourth quarter and full year ended March 31, 2024, demonstrating resilience in the face of a volatile macro environment, sustained by its agility and strategic focus. For the quarter ended March 2024, the company reported Revenue of Rs. 66.0 billion, Gross Profit of Rs. 12.8 billion, and…
To enhance operational efficiency, the Sri Lanka Ports Authority has started installing ship-to-shore (STS) gantry cranes on the fifth phase of the Jaya Container Terminal (JCT). These cranes were temporarily installed and used for operations at the East Container Terminal from 2020 until the completion of Phase V works at the JCT. Commenting on the…
Profit before Tax – LKR 3,704 Mn up by 30% Profit after Tax – LKR 2,295 Mn up by 21% Overall Statutory Liquid Assets Ratio (SLAR) of 42% Total Capital Adequacy Ratio of 84% Seylan Bank recorded a Profit before Tax (PBT) of LKR 3,704 Mn in Q1 2024, against LKR 1,721 Mn in Q1…
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