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…
State Minister for Finance, Shehan Semasinghe stated that only those wishing to plunge the country back into an economic crisis would oppose the Economic Transformation Bill. He emphasized that while the current government is focused on an optimistic economic outlook, the opposition groups are driven solely by political motives. State Minister Semasinghe made these remarks…
Latest tools place airline at the forefront of turbulence detection and navigation Global turbulence data gets massive boost with contributions from Emirates’ global network Emirates has joined the International Air Transport Association’s (IATA) Turbulence Aware Platform. It will also be the first airline to integrate the IATA platform within the latest version of Lido mPilot,…
People’s Leasing & Finance PLC, a leading non-banking financial services provider in Sri Lanka, has demonstrated remarkable resilience and strategic foresight in its financial performance for the fiscal year 2023/24. The company reported a robust Profit After Tax (PAT) of Rs. 3,541 million, marking a significant 17.3% increase from the Rs. 3,018 million recorded the…
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