The Port of Colombo has achieved landmark recognition by being named the best-performing port globally for the first quarter of 2024 by Alphaliner, a leading information platform for the liner shipping industry, in its latest monthly monitor. This accolade highlights Colombo’s remarkable growth rate of 23.6%, surpassing all other ports worldwide. Notably, the Port of…
Maharaja Foods Limited, marked a significant milestone on 26th July 2024, becoming the first woman-owned enterprise in the agribusiness sector with roots in the northern province, to list its shares on the Empower Board of the Colombo Stock Exchange (CSE). The Board is dedicated to facilitating efficient global capital raising for small and medium-sized companies…
In a landmark move to drive digital transformation for small and medium-sized enterprises (SMEs), Dialog Enterprise, the corporate ICT solutions arm of Dialog Axiata PLC., has signed a Memorandum of Understanding (MoU) with Commercial Bank of Ceylon PLC, GlobalLinker, and Databox Technologies, on “Commercial Bank LEAP GlobalLinker”, an innovative web solution designed to empower entrepreneurs…
The Commercial Bank of Ceylon has become the first Sri Lankan bank to be a signatory to the Partnership for Carbon Accounting Financials (PCAF), a global initiative that enables signatories to measure and disclose the greenhouse gas (GHG) emissions associated with their financial activity. Already certified 100% carbon neutral in terms of its operations, Commercial…
Aitken Spence Hotels has achieved a remarkable milestone in sustainable tourism with all five of its Maldives resorts receiving the prestigious Green Globe Certification. This accolade highlights the Company’s unwavering dedication to sustainability stewardship and its leadership in responsible tourism practices within one of the world’s most pristine marine environments. The five resorts under Aitken…
In a strategic move towards advancing digital payment solutions in Sri Lanka, WEBXPAY welcomes Thilak Piyadigama, a veteran with over three decades of experience in banking and technology, as its new Executive Chairman. Piyadigama is set to lead WEBXPAY into a new era of digital payment innovation, with a focus on enhancing financial inclusion and…
Foreign visitors make up 40% of tourist arrivals in the first half of the year. Ambitious plans to boost forest coverage to 32% by 2030 unveiled. Sri Lanka honoured with United Nations flagship award for mangrove restoration. Comprehensive elephant population survey to be conducted for the first time in 13 years – Minister Pavithra Wanniarachchi….
Tourism Revenue Hits USD 1.556 Billion from January to June 2024 – Deputy Director General of Sri Lanka Tourism Development Authority. Rs. 735.56 Million Earned by June 2024 – Deputy Director (Planning) of the National Botanic Gardens Department. “Sri Lanka – You’ll Come Back for More” Brand Identity Wins Top International Accolades – Sri Lanka…
Net Interest Income – 5,853 Mn, up by 29% Net Fee and Commission Income – 855 Mn, up by 24% Operating Profit – 2,725 Mn, up by 32% Profit before Tax – 1,996 Mn, up by 32% Profit after Tax – 1,025 Mn, up by 11% Total Assets – 248 Bn, up by 6% Customer…
Business Sentiment: Index Dips as Challenges Persist Having endured a challenging period, Sri Lanka formalised an agreement with its bilateral creditors led by Japan and India to the tune of US$ 5.8 billion recently. Sri Lanka also closed a US$ 12.5 billion International Sovereign Bond (ISB) restructuring arrangement with the parties reportedly agreeing on the…
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