Reuters – Asian stocks drifted lower on Tuesday, even after South Korea’s Samsung Electronics forecast an eye-popping 19-fold jump in second-quarter profit, while the Japanese yen remained pinned near 40-year lows amid intervention speculation. Samsung Electronics, the world’s largest memory chipmaker, estimated April-June operating profit at 89.4 trillion won ($58.44 billion), a third straight quarter of record operating profit. South Korean…
Reaffirming its unmatched leadership and excellence in Sri Lanka’s banking sector, the Commercial Bank of Ceylon has been named Best Bank in Sri Lanka for the 15th consecutive year at the FinanceAsia Awards 2026, while also winning six other prestigious accolades across key areas of banking, the most by Sri Lankan bank. In addition to…
Reuters – Samsung Electronics, opens new tab on Tuesday flagged a 19-fold jump in second-quarter operating profit from a year earlier, surpassing its combined earnings over the past three years, but its shares slid as the results failed to ease concerns about the durability of the AI-driven chip boom. The world’s largest memory chipmaker estimated…
The inaugural ceremony of “Badhu Shakthi 2026” (“බදු ශක්ති 2026”) National Tax Week, organised by the Revenue Administration Reform and Modernisation Unit of the Presidential Secretariat with the objective of strengthening State revenue generation and accelerating the country’s future development process, was held yesterday morning (06) at the Presidential Secretariat under the patronage of Speaker…
Citrus Leisure PLC reopened both Citrus Waskaduwa and Citrus Hikkaduwa on 1 July 2026, following extensive enhancement programmes. Citrus Waskaduwa resumed operations after a one-month refurbishment, while Citrus Hikkaduwa reopened following a two-month refurbishment. The refreshed properties welcome guests back with improved spaces, upgraded facilities, and a renewed focus on delivering memorable coastal escapes. As…
Economic confidence edges up although the future is being viewed with caution Confidence in the economy improved marginally in June as the corporate community adopted a cautiously optimistic outlook – despite persistent concerns over rising costs, geopolitical tensions and broader economic uncertainties. THE ECONOMY The latest LMD-PEPPERCUBE Business Confidence Index (BCI) survey, conducted in the…
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, has once again been recognised as Sri Lanka’s Most Loved Brand in the Service and Telecommunications sectors, while also ranking among the top Corporate Brands in the LMD Brands Annual. Marking its third consecutive year at the top of both categories, the recognition reflects the company’s commitment…
The exchange rate pressure exerted on the Sri Lankan Rupee throughout June 2026 is showing signs of gradual easing. Consequently, a steady decline in the value of the US Dollar has been observed from June 24 until today, July 6. For the first time since June 23, the selling rate of the dollar fell below…
Seylan Bank PLC recently announced a major advancement in Sri Lanka’s digital payments landscape through the integration of all Seylan Credit and Debit Cards with Google Pay, enabling customers to make seamless, secure, and contactless transactions directly from their Android devices. This latest development positions Seylan Bank at the forefront of Sri Lankan financial innovation,…
On track for energisation, adding 50MW of renewable capacity to the national grid. HayWind One Limited, the wind energy arm of Hayleys Fentons Limited, has announced that all ten wind turbines for its 50MW Mannar Wind Farm Project have now arrived in Sri Lanka, marking a key milestone as the project advances into its peak…
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