SriLankan Cargo, the cargo arm of SriLankan Airlines, has partnered with CargoAi, a leader in digital freight solutions, to simplify and enhance its airfreight booking and payment processes, and bring more transparency and velocity for users than ever. The integration of SriLankan Cargo’s airfreight services into CargoAi’s ecosystem gives users access to online booking and…
Port City Colombo, a visionary multi-service special economic zone poised to transform Sri Lanka into the next global investment destination, provides the opportunities to a diversity of companies to upscale their businesses within the property development and key thrust sectors, whilst being supported by strong investor mechanisms. With the aim of becoming a world-class hub…
Two cruise ships docked at Hambantota International Port on 15th May 2024. MV. Silver Cloud owned by Silversea Cruises, the luxury brand of the Royal Caribbean Group arrived from Cochin carrying 232 passengers while TUI’s Mein Shiff5 arriving from Langkawi carried 2,434 passengers. A group of passengers from Mein Shiff 5 did their customary e-bike…
PhonePe and LankaPay organise an event which sees the presence of senior dignitaries from the Sri Lankan and Indian Government PhonePe, announced that it has enabled UPI payment acceptance in collaboration with LankaPay across LankaQR merchant points at a grand event held in Colombo. The event was graced by His Excellency Shri Santosh Jha, the High…
The Chief Executive Officer of the Colombo Stock Exchange Mr. Rajeeva Bandaranaike says that steps have been taken to revise the T+3 method which has been followed so far for settlement of Colombo Stock Exchange transactions from the 10th of June 2024. In a statement, he said that the T+3 system will be shortened with…
Adani Energy Solutions Limited (AESL) through its wholly owned subsidiary Adani Transmission Step-Two Limited (ATSTL) acquired a 100% stake in Essar Transco Adani Energy Solutions Ltd (AESL), one of the largest private transmission and distribution company in South Asia with a growing smart metering portfolio, has acquired 100% stake in Essar Transco Limited after obtaining…
The brand licensing division of Hela Apparel Holdings PLC, Focus Brands, has announced a strategic partnership with Tesco to introduce its Peter Werth and Fenchurch fashion brands to the retailer’s stores across the UK. The collaboration further enhances the Hela Group’s long-standing relationship with one of the UK’s largest retailers and will provide consumers with the opportunity to purchase two of its owned…
IFC endorses move to support Nepal’s startup ecosystem PickMe has crossed digital borders and will take the ride hailing market by storm with the launch of their latest technology partnership, JumJum (Let’s Go) in Nepal, a country where 78% of 3.22 million vehicles registered are motorcycles. Named as the Motorcycle city, Kathmandu Valley claims to…
Financial Performance Sampath Bank posted a profit before tax (PBT) of Rs 6.2 billion and a profit after tax (PAT) of Rs 3.4 billion for the three months ended 31st March 2024, notwithstanding an exchange loss of Rs 4.3 billion due to the appreciation of the LKR against the USD by Rs 23.70. These figures…
Net stage III ratio at 4%; one of the best in the industry Over Rs 6.5 Bn in taxes Tier I and total capital ratios improve further to 14.45% and 18.05% respectively Liquidity position remains strong with LAR and LCR well above regulatory minimum Hatton National Bank PLC (HNB) recorded a Profit Before Tax (PBT)…
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