Cinnamon Hotels & Resorts is delighted to announce an exciting collaboration with the National Carrier, SriLankan Airlines, as the powered by partner for an upcoming series of exclusive events featuring the renowned British-Australian Michelin Star celebrity chef and former original judge of MasterChef Australia, Gary Mehigan. The culinary extravaganza is scheduled to take place from…
With the highly anticipated Sri Lanka Economic Summit 2023 set to take place on November 28th and 29th under the theme “Sustain Reform, Accelerate Growth”, the first session of the Summit will focus on ‘Leveraging Fiscal Stability for Accelerated Growth’. This session will address the challenges and opportunities surrounding the stabilisation and reform progress of…
Minister of State for Technology, Mr. Kanaka Herath, inaugurated the Global Entrepreneurship Week and requested the departing youth and entrepreneurs to actively contribute to the nation’s economic development, aligning with the objectives of the DIGIECON 2030 initiative. Highlighting the Digi-Econ program, Minister Herath emphasized on-going efforts to cultivate a digital economy by fostering a conducive…
The Government is strategically prioritizing the advancement of small and medium enterprises – Sate Minister of Finance Shehan Semasinghe. State Minister of Finance, Shehan Semasinghe said that an anticipated economic growth for the year 2024 is projected at 1.8%. The State Minister underscored the government’s paramount commitment to fostering a robust economy during this period….
The Ceylon Chamber of Commerce considers the 2024 Budget as a crucial step in continuing the macroeconomic stabilization measures that began in late 2022, as a response to the economic challenges faced by Sri Lanka. The Chamber acknowledges that one of the main challenges faced by Sri Lanka’s economy has been macroeconomic mismanagement. The National…
Group’s 9-month gross income up 30.88% to Rs 256 Bn. Loan book increases by Rs 51 Bn. in Q3 to Rs 1.239 Tn. Deposits cross Rs 2 Tn. milestone A heightened emphasis on lending has seen the Commercial Bank Group increase gross loans and advances by Rs 51.404 billion in the third quarter of 2023…
Group pre-tax profit of Rs.10.0 Bn with over eight-fold YoY increase demonstrating enhanced performance Marked improvement in fee and commission income to Rs. 5.4 Bn – Up by 24% Continued gradual reduction in impairment charges Prudent balance sheet management amidst external pressures Sound liquidity and capital maintained throughout the year National Development Bank PLC posted…
Financial Performance Sampath Bank registered profit before tax (PBT) of Rs 22.0 Bn and profit after tax (PAT) of Rs 12.3 Bn for the nine months ended 30th September 2023, recording a growth of 136.4% and 71.5% respectively against the subdued financial figures reported during the corresponding period in 2022. Key highlights for the period…
Luxury passenger vessel RESILIENT LADY, operated by Virgin Voyages and flying the Bahamian flag, made the maiden call at the Port of Colombo on November 13, 2023. The ship, measuring 909ft in length and accommodating 2,318 passengers and 1,194 crew members, called at the East Terminal of the Sri Lanka Ports Authority (SLPA), Port of…
SriLankan Airlines advances their passenger services at Bandaranaike International Airport (BIA) with the introduction of self-service check-in and self-bag-drop services. This initiative is set to redefine the travel experience, placing convenience and efficiency at the forefront. The new self-service kiosks aim to minimize waiting times during peak periods, allowing passengers to seamlessly navigate through the…
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