The SLT Group released its financial results for the third quarter ending September 30, 2023, presenting moderate growth. SLT PLC reported a revenue of LKR 17,490 Mn with a growth of 3.7%, while Mobitel recorded 2.7% de-growth during Q3’23 compared to Q3’22. The Group’s consolidated revenue for the quarter increased by 3.9% to LKR 27.7…
The Hambantota International Port (HIP) was the sole representative from South Asia, at the recently held “2nd Port Development South East Asia Summit” (PDSEAS 2023) in Vietnam. The summit which brought together 30 industry leaders and over 200 senior executives from various related sectors, including government agencies, port authorities, port & terminal operators, shipping companies,…
In a resolute commitment to catalyzing Sri Lanka’s vibrant Startup Ecosystem, the Information and Communication Technology Agency (ICTA) of Sri Lanka proudly announces the renewal of its partnership with Brandix Apparel Limited for the second consecutive year. This strategic alliance aims to significantly bolster startups by providing essential funding and fostering their swift expansion. The…
Deloitte Sri Lanka, part of the international auditing, consulting, and financial advisory giant, Deloitte Global, held a special “Budget Night” panel discussion on Sri Lanka’s Government Budget 2024, on the 13th of November 2023, soon after the Budget was presented to parliament by President Ranil Wickremasinghe, as the Minister of Finance. The panel comprised Dr….
Tight liquidity and funding conditions, uncertainty about China’s macroeconomic outlook and property sector, and geopolitical event risk remain the core macro-credit risk themes heading into 2024, Fitch Ratings says in the latest version of its Risk Headquarters report. Despite recent data signalling continued disinflation in major developed economies, the continued resilience of the US consumer…
Sunshine Holdings PLC announced the appointment of Aruni Goonetilleke as the newest addition to its Board of Directors. With over 25 years of experience in global financial markets, Goonetilleke brings expertise in governance, enterprise risk management, internal audit and credit analysis. She has worked in senior transformational roles in global and local banks in Singapore…
Celebrating the shared passion for cricket and a dedication to sustainability, Coca-Cola India and ICC unveiled national flags crafted from post-consumer PET bottles, making ICC Men’s Cricket World Cup tournament a platform for promoting environmental responsibility. The ICC Men’s Cricket World Cup 2023 kicked off on 5 October, 2023, with an inspiring and sustainable twist…
Minister of Transport, Highways and Mass Media, Mr. Bandula Gunawardena emphasized that addressing the prevailing crisis of the country requires an exclusive focus on economic solutions, highlighting the inadequacy of political measures in this context. The Minister further highlighted that once the International Monetary Fund issues the second loan instalment, it will pave the way…
Three-fold increase in Aswesuma benefits ensuring assistance for the needy President Ranil Wickremesinghe addressing the Budget 2024 Forum under the theme A Tightrope Walk organised by the Colombo University MBA Alumni Association stressed the importance of Sri Lankan universities being world-class and acknowledged the challenge of balancing financial considerations with the goal of providing quality…
The targets laid out in Sri Lanka’s budget for 2024 will be challenging to meet, even with the economic recovery that we expect to continue next year, says Fitch Ratings. The fiscal deficit is set to be wider than our current forecast of 7.1% of GDP in 2024 in light of the new data, even…
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