Backed by its strong capital base, Sampath Bank continues to navigate adeptly through challenging times. The Bank demonstrated resilience and a commitment to prioritizing stakeholder interests in the face of challenging economic headwinds, thanks to its well-executed business strategies, increased vigilance, and proactive risk management measures. Despite the country showing signs of a broader economic…
The curtains have closed on OTM 2024, Asia’s largest and most influential travel trade show organized by Fairfest, leaving a lasting impression on the global travel and tourism industry. The three-day event held at the Jio World Convention Centre in Mumbai’s Bandra Kurla Complex, showcased the pinnacle of innovation and collaboration in the travel sector. Speaking at the valedictory function, the…
JICA Focuses on Debt Restructuring Alongside Project Resumption. Dr. Tanaka Akihiko, the President of Japan International Cooperation Agency (JICA), called on President Ranil Wickremesinghe, last evening (14). During the meeting, Dr. Akihiko expressed gratitude for President Wickremesinghe’s commitment to the economic reform program, acknowledging its challenging nature. In response, President Wickremesinghe emphasized his focus on…
Reuters – Japan unexpectedly slipped into a recession at the end of last year, losing its title as the world’s third-biggest economy to Germany and raising doubts about when the central bank would begin to exit its decade-long ultra-loose monetary policy. Some analysts are warning of another contraction in the current quarter as weak demand…
SriLankan Cargo partners with cargo.one as the industry leader for equipping carriers to distribute with fully digital sales With cargo.one’s first South Asian carrier, freight forwarders globally will shortly gain instant digital access to SriLankan Cargo’s global capacity SriLankan Cargo and cargo.one today unveiled an exciting global partnership to bring the Sri Lankan national carrier’s…
The recently released fifth Export Barometer Survey by The Ceylon Chamber of Commerce showcases the resilience of Sri Lankan exporters despite a challenging global outlook. In a survey covering 2023 and forecasting 2024, exporters expressed confidence in their growth prospects. Amidst economic dynamics, the export sector exhibited robust growth in 2023. Exporters stressed that…
The Federation of Information Technology Industry Sri Lanka (FITIS) today expressed its strong support for LankaPay’s launch of the Unified Payments Interface (UPI) acceptance in the island, an initiative taken in partnership with the National Payment Corporation of India’s international arm-NIPL. Indika De Zoysa, Chairman of FITIS hailed LankaPay’s integration with NIPL to enable UPI…
The leading blue-chip conglomerate, Aitken Spence PLC reported an EBITDA (earnings before interest cost, tax, depreciation, and amortisation) of Rs. 7.8 billion for the third quarter of 2023/24, a growth of 11.8% over that of the third quarter of the previous year. The Group’s EBIT (Earnings before total interest) for the quarter stood at Rs….
Operationalizes the first 551 MW solar capacity at Khavda, Gujarat, India AGEL plans to develop 30 GW of clean energy at Khavda to generate ~81 billion units of electricity annually This will power 16.1 million homes and avoid 58 million tonnes of CO2 emissions annually Adani Green Energy Limited (AGEL), One of South Asia’s largest…
During President Ranil Wickremesinghe’s Official Visit to India in July 2023, Both Nations Pledge to Strengthen Economic Ties. In a significant development bolstering the longstanding ties between Sri Lanka and India, a landmark initiative in capacity building was launched 12th February, following extensive discussions between high-level officials from both nations. During President Ranil Wickremesinghe’s visit…
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