FY25 Performance Highlights Gross Written Premium (GWP): Rs. 40.1 billion Profit After Tax (PAT): Rs. 4.7 billion Return on Equity (ROE): 39% | Earnings Per Share (EPS): Rs. 14.79 Acquisition of Allianz Life Insurance Lanka completed Softlogic Life delivered a strong financial performance for the year ended December 31, 2025, recording a Gross Written Premium…
Spanning tourism, maritime and freight logistics, strategic investments and services, with operations across the region, Aitken Spence PLC, with a legacy of over 157 years, continues to pursue excellence. The Group recorded revenue of Rs. 67 billion for the nine months ending 31st December 2025, underscoring a robust performance across its portfolio of industries. The…
United Motors Group (UML) announced a robust financial performance for the first nine months of the financial year, ended 31 December 2025. Year-to-date Group Profit after Tax (PAT) for the financial year stood at Rs. 2.4 billion, an increase of 5,315% compared to the same period last year. At the company level, United Motors Lanka…
President Anura Kumara Dissanayake stated that the entire transport system must undergo a rapid transformation to establish a more efficient, safe and technologically advanced transport system, thereby providing the public with a dignified and reliable service. The President conveyed this during a meeting held yesterday morning (12) at the Presidential Secretariat with officials from the…
President Dissanayake emphasises People-Centred Growth and Protection of the Central Highlands The newly appointed Country Director of the Asian Development Bank (ADB) for Sri Lanka, Ms Shannon Cowlin, paid a courtesy call on President Anura Kumara Dissanayake at the Presidential Secretariat this afternoon (12), reaffirming the ADB’s continued commitment to supporting Sri Lanka’s development priorities….
Sri Lanka is on track to complete its external debt restructuring and secure the next tranche of IMF funding, Treasury Secretary Dr. Harshana Suriyapperuma told International Sovereign Bond (ISB) holders yesterday, highlighting improved macroeconomic stability and strong reform momentum under the IMF Extended Fund Facility (EFF). He said agreements have been reached with creditors representing…
Central Bank of Sri Lanka (Central Bank) has noticed certain instances where residents in Sri Lanka transact within the country in foreign currency, rather than in Sri Lanka Rupees. In this connection, the Central Bank wishes to clarify that according to the provisions of the Central Bank of Sri Lanka Act, No. 16 of 2023…
By Ajay Banga The world moves on different wavelengths. Some are high-frequency shocks — wars, emerging technologies, market panics — that spike quickly and dominate our attention. Others are low-frequency forces that move slowly but relentlessly: demographics, globalization, water and food scarcity. The high-frequency waves feel urgent. The low-frequency waves reshape the system. That is…
Asia Pacific excluding China delivers third consecutive year of record development performance with nearly 200 organic deals signed, adding more than 28,000 rooms to its development pipeline Marriott International, Inc. (NASDAQ: MAR, “Marriott”) today announced that its Asia Pacific excluding China (APEC) region delivered another outstanding year of growth and strategic expansion in 2025, marking…
The Department of Immigration and Emigration has temporarily suspended the issuance of passports and visas due to a technical issue in its system. In a public notice issued by the Controller General, the Department stated that services will resume immediately once the system is restored. The Department expressed regret over the inconvenience caused to the…
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