Group Net Operating Income, up by 36% to LKR 17 Bn Impairment charge for loans and receivables, reduced by 75% to LKR 1.9 Bn with the revival of the economic environment. Group Profit After Tax, up by 46% to LKR 5.7 Bn Group Total Capital Adequacy Ratio – 16.89% Leveraging improvements across several macroeconomic indicators,…
SLTPB to host the mega Instagramer group with a global followers base of 7.5 million targeting the Winter 2024/25 Having a diehard travel-seeking global audience, representing all the key source markets to Sri Lanka, these seven (07) mega influencers will create some of the most engaging content about Sri Lanka under the tagline of “You…
The Financial Intelligence Unit (FIU) of Sri Lanka entered into a Memorandum of Understanding (MOU) with the Registrar General of the Registrar General’s Department on August 06, 2024 at the Central Bank of Sri Lanka (CBSL) to receive information on Trusts, property registrations and any suspicious activities relating to Trusts and property registrations in relation…
By Chaya Dissanayake Digital fundraising is gaining momentum in Sri Lanka. The Doing Good Index 2024 reveals the level of digital technology adoption in Sri Lanka and 17 other Asian economies, among other indicators of philanthropic activities. Enhancing cybersecurity awareness, digital capacity development, and improving existing digital infrastructure are key to promoting digital fundraising in…
Establishing Extensive Connections with Thailand’s Innovation Ecosystem as 8 Thai Startups Successfully Land at HK Science Park Media OutReach Newswire – 8 August 2024 – Hong Kong Science and Technology Parks Corporation (HKSTP) is leading 14 pioneering startups to the Techsauce Global Summit 2024, Southeast Asia’s premier innovation and technology flagship event, from 7-9 August…
Financial Performance Sampath Bank registered a profit before tax (PBT) of Rs 18.5 Bn and a profit after tax (PAT) of Rs 11.1 Bn for 1H 2024 reflecting growth rates of 40% and 45% respectively compared to the corresponding period of the previous year. The Sampath Group also reported PBT and PAT figures of Rs…
WEConnect International, with support from the U.S. Embassy, is proud to host a Supplier Development Masterclass and the Supplier Diversity and Inclusion Roundtable on August 4-5, 2024, in Colombo, Sri Lanka. These events aim to empower and connect women-owned businesses with key industry leaders and potential buyers, fostering economic growth and promoting gender inclusivity within…
Bloomberg announced that Commercial Bank of Ceylon (ComBank), one of Sri Lanka’s leading banks, has adopted Bloomberg’s Data License to access reliable, high-quality reference data and to streamline their portfolio management. This marks ComBank as the first bank in Sri Lanka to adopt Bloomberg’s Data License to power their growth journey with comprehensive enterprise data….
Strategic responses to challenges facing the textile manufacturing industry have generated a positive start to 2024-25 for Teejay Lanka PLC, Sri Lanka’s first multinational textile manufacturer. The Group has reported profit before tax of Rs 273.7 million for the three months ending 30th June 2024, reversing a loss of Rs 701 million in the first…
Golden Island Hospitality Private Limited has entered into an agreement with the renowned Majestic Group Hotels & Casinos, a leading gaming group from India, to establish the Majestic Pride Casino, Sri Lanka. The casino will be housed in the prestigious Lotus Tower located in Colombo 10, promising a world-class gaming experience. The Ministry of Finance,…
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