By Jithendra Antonio Sri Lanka, emerging from economic upheaval, the nation’s capital markets hold unprecedented promise, not only for financial gains but as a catalyst for national growth, resilience, and global integration. While this potential is clear, challenges like limited liquidity, shallow market structures, and a need for investor trust remain key barriers. To transform…
Consolidated revenue of Rs. 30.1 billion, up by 6.8% Healthcare revenue up 16.6% YoY to Rs.16.1 billion Consumer records revenue of Rs.9.7 billion, down 0.3% YoY Continuing its resilience in robust growth, diversified conglomerate Sunshine Holdings PLC (CSE: SUN) posted consolidated revenue of Rs. 30.1 billion for the six months ending 30 September 2024 (1HFY25),…
BPPL Holdings PLC witnessed a significant improvement in its financial performance during the three months ended 30th September 2024, as compared to both the corresponding quarter in FY 2023-24 and the three months ended 30thJune 2024. The increase in revenue and gross margins was despite an appreciation in Sri Lankan Rupee rates used to convert…
Union Bank announced its financial performance for the 9 months ending 30th September 2024, showcasing both resilience and growth in key areas, even as the bank navigates a challenging market environment. Key Financial Highlights Despite facing fluctuations in market interest rates and narrowed margins, Union Bank achieved significant milestones during the period under review. The…
Lack of tax collectability results in dampening of government revenue ambitions While Sri Lanka has made notable progress in tobacco control, with policies reducing cigarette consumption, the unchecked growth of the beedi industry presents a mounting threat to the economy. The informal nature of the beedi trade makes it difficult to regulate, allowing it to…
Hitachi Vantara Hosts Third Asia-Pacific Partner Technical Ambassador Club in Bangkok Over 100 technical experts unite for annual partner engagement forum Hitachi Vantara, the data storage, infrastructure, and hybrid cloud management subsidiary of Hitachi, Ltd. (TSE: 6501), successfully hosted its third annual Partner Technical Ambassador Club (PTAC) Live event in the Asia-Pacific region. Held from November 4 to…
The Colombo Stock Exchange (CSE) has renewed its partnership as the Platinum Partner of CFA Society Sri Lanka for the 8th consecutive year, reinforcing a shared commitment to promoting ethical standards, education, and professional excellence within the Sri Lankan investment industry. This longstanding collaboration reflects CSE’s dedication to advancing the capital market and fostering valuable…
Sri Lanka’s foreign-exchange reserves surged by an impressive 81% year-on-year in October 2024, reaching USD6.5 billion due to the support of its IMF program, according to Fitch Ratings. This boost in reserves is a significant development for the country’s economic stability, providing a stronger buffer against external shocks. However, Fitch notes that Sri Lanka’s improved…
The Colombo Stock Exchange (CSE) and U.S. Agency for International Development (USAID) together with SLASSCOM and FITIS, recently hosted a forum titled ‘Unlocking Value via Capital Markets and Funding Options for the IT Sector’. The forum aimed to empower companies in the ICT sector by exploring alternative funding sources and raising awareness about the process…
By Prof. Samitha Hettige 2024 is special for Sri Lankans as they execute executive powers at two elections. First they elected a ‘Socialist President’. They are to elect a Parliament in few days & it’s the first since the 2021 economic crisis which some believe was worse than the 30 year conflict (valued approx 200…
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