Highlights the potential of green hydrogen and seeks international expertise and investment to advance Sri Lanka’s green economy. Minister Wijesekara outlines ambitious targets and the need for significant infrastructure investments to integrate renewable energy and ensure energy security. During the “Advancing Energy Transition” roundtable discussion at the Hilton Colombo yesterday (29), President Ranil Wickremesinghe emphasized…
Union Bank today (29) announced that Indrajit Wickramasinghe, Director/Chief Executive Officer, will retire on August 15, 2024, as per the stock exchange release issued by the bank. In line with the succession plan, Mr. Dilshan Rodrigo, the current Deputy CEO, will assume the role of Director/CEO of Union Bank on August 16, 2024, subject to…
FinCSIRT will leverage RiskRecon by Mastercard to boost the cyber posture of financial institutions. Mastercard has partnered with LankaPay, Sri Lanka’s national payment network, to further strengthen the cybersecurity infrastructure of the country’s financial services sector via the Financial Sector Computer Security Incident Response Team (FinCSIRT). LankaPay established FinCSIRT in 2014 to safeguard the financial…
BYD’s Fifth-Generation DM Technology sets records in the automotive industry with 46.06% thermal efficiency, 2.9L/100km low fuel consumption, and a remarkable 2,100 km range. Featuring the 5th-Gen DM Tech, the BYD Qin L DM-i* and the BYD Seal 06 DM-i* launched with prices ranging from 99,800 to 139,800 In early April 2024, the market penetration…
There is a growing discussion in Sri Lanka about people’s desire to leave the country, especially within its current politico-economic context. According to the Sri Lanka Opinion Tracker Survey (SLOTS) conducted in 2021, 01 in 16 Sri Lankans have plans to migrate and most of them are young or educated. Confirming the above statement, the…
The leading blue-chip conglomerate, Aitken Spence PLC achieved robust fourth-quarter results, significantly contributing to an improved financial performance for the 2023/2024 fiscal year. The Group reported a strong PBT of Rs. 4.8 billion with a growth of 412%. During Q4 the Group reported an impressive EBITDA (earnings inclusive of equity accounted investees, before interest expenses,…
The Central Bank of Sri Lanka (CBSL) states that there is a possibility to further reduce the market interest rates. The officials of CBSL also mentioned that it is expected that the relevant reductions will be provided to the customers by the country’s financial institutions soon. Meanwhile, the Governor of the Central Bank of Sri…
Land prices bounce back to growth in the latest Land Price Index by LankaPropertyWeb. The overall land prices in the Western Province increased by 7.8% compared to the previous year, according to the 2024 Western Province Land Price Index (LPI), developed by LankaPropertyWeb (LPW). The Land Price Index (LPI), updated annually, monitors the trends in…
Ambeon Holdings PLC, a diversified conglomerate reputed for its market dominance in the areas of financial services, real estate, technology, and strategic investments, recorded a stellar performance for the financial year (FY) 2023/2024 as per the interim financial results released to the Colombo Stock Exchange recently. Amidst an improving macroeconomic landscape, the group delivered robust…
Applied Graphite Technologies Corp. (“AGT”) (TSXV: AGT) (OTCQB: AGRTF), has closed a non-brokered private placement with a strategic investor and has issued 2,000,000 common shares at a price of $0.15 per share for gross proceeds of $300,000 (the “Offering”). The closing of the Offering is subject to final acceptance of the TSX Venture Exchange. The common shares issued will be subject…
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