Hatch, with funding support from the U.S. Department of State, recently concluded its Demo Day for AccelerateHER, Sri Lanka’s trailblazing accelerator program tailored for female entrepreneurs. The program marked the graduation of seven female founders, who showed remarkable progress and business acceleration throughout the 3-month program. The entrepreneurs made compelling pitches to an audience of…
Reuters – Sri Lanka’s government projected a lower-than-anticipated budget deficit for 2024 on Monday on the back of a significant jump in revenues which are crucial to keep its bailout programme from the International Monetary Fund afloat. The government set a fiscal deficit target of 2.85 trillion Sri Lankan rupees ($8.73 billion) in 2024, or…
55 additional Boeing 777-9s and 35 777-8s bring Emirates’ total 777X orders to 205 units. Signs deal for 202 additional GE9X engines to power its new 777X fleet, bringing Emirates’ total order for GE9X engines to 460 units. Emirates updates Boeing 787 Dreamliner order to 35 units: 15 787-10s and 20 787-8s Emirates opened the…
The presentation of the budget speech by the President, today at 12.00 pm. Second Reading Debate scheduled from November 14th to the 21st – Vote for the Second Reading scheduled for Tuesday, November 21st at 6:00 p.m. Committee Stage Debate scheduled for Wednesday, the 22nd of November to Wednesday, the 13th of December – Vote…
Group Total operating income up by 43% to LKR 31 Bn Group records Operating Profit Before Taxes on Financial Services of LKR 11 Bn. Group PAT of LKR 7 Bn Impairment charge of LKR 12 Bn reflective of present economic stresses During the period under review, DFCC Bank remained committed to providing high-quality, customer-centric banking…
Consolidated revenue of Rs.28.2 billion, up13% PAT increased by 15.4% to Rs. 3.6 billion Healthcare revenue up 19.2% YoY to Rs.13.8 billion Consumer revenue up 13.2% YoY to Rs.9.7 billion Agribusiness revenue increased to Rs.4.6 billion Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) continued to demonstrate resilience amidst prevailing macro-economic conditions, reporting solid…
Group Revenue remained resilient recording a growth of 14% YTD albeit muted in Q3 2023 Group Net Profit After Tax reached Rs14.9Bn YTD 2023 to record a growth of 159% YTD Total Taxes Paid to GoSL 9Bn for nine months ending 30th September 2023 which included Rs6.4Bn in Direct and Rs15.5Bn in Indirect Taxes Capex…
Bank PAT of Rs 16.6 Bn Deposits cross Rs 1.5 Trillion Loans grow by Rs 34Bn in Q3 2023 to cross Rs 1 Trillion Provides over Rs 32 Bn for Impairment Maintains sound capital and liquidity levels Hatton National Bank PLC posted a profit before tax of Rs 26.3 Bn and a profit after tax…
Operating Income of LKR 34.2Bn up 24% YoY Profit Before Tax at LKR 19.4Bn, up 108% Profit After Taxes at LKR 9.4Bn, up 78% Return on Equity increased to 24.3%, Earnings Per Share improved to LKR 29.53 Liquidity Ratio at 43.49%, Tier 1 Capital Adequacy ratio at 13.95% Nations Trust Bank continued its solid financial…
Galadari Hotels Lanka PLC successfully signed an agreement with the Board of Investment (BOI) of Sri Lanka as the first step towards the property’s refurbishment process. Galadari Colombo has over the years built up an enviable reputation in the hospitality industry and proudly boasts of over 39 years of exceptional service. The property will go…
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