Financial Year 2023/24 – First Six Months Performance Chief Executive Officer’s Review Hemas Holdings PLC (HHL) delivered resilient results in the first six months of the financial year 2023/24 to post a cumulative Group revenue of Rs. 59.0 billion, a 13.5 per cent growth over previous year. Amidst the increasing strain on operating expenses,…
“Invest Sri Lanka – Retire Sri Lanka” – an event focused on attracting investment to Sri Lanka was held in Singapore, recently. The event served as the backdrop for the signing of a Memorandum of Understanding (MoU), between Port City Colombo and the Singapore Sri Lanka Business Association. “Invest Sri Lanka – Retire Sri Lanka”…
99x continues to expand its global presence with two new acquisitions in Portugal and Brazil. The acquisitions of Cleverti – Portugal and LeanOn Systems – Brazil were formally concluded by 99X Investment AS, Norway in October. Cleverti is a nearshore software services provider based in Portugal with over 90 dedicated staff members offering the full…
Group: Record half-year profit of AED 10.1 billion (US$ 2.7 billion), up 138% from the same period last year, driven by strong demand for international travel across regions. Revenue up 20% to AED 67.3 billion (US$ 18.3 billion). Emirates: Revenue up 19% to AED 59.5 billion (US$ 16.2 billion), with profit of AED 9.4 billion…
By Manisha Weeraddana In a small roadside hut in Nattandiya, Asoka Malini, a returnee migrant worker, spends her days with a handful of vegetables. She worked for 6 years in Saudi Arabia as a housemaid and a care worker, earning a monthly salary of LKR 20,000. As a mother of two, Asoka now faces an…
The Executive Committee Sri Lanka – Korea Business Council (SLKBC) of the Ceylon Chamber of Commerce hosted a dinner meeting with Her Excellency Miyon Lee, the Ambassador of the Republic of Korea to Sri Lanka recently. The meeting covered a wide range of topics including enhancing collaboration and taking proactive measures to explore and leverage…
Super luxury passenger vessel M.V. Aida Bella, operated by Aida Cruises, Germany with 1,900 passengers and 730 crew on board will call at the Port of Colombo on the 9th of November 2023. The vessel consists of 1,025 guest rooms on 13 decks which can accommodate up to 2500 passengers and a crew of 750….
The Executive Board proposes to the Board of Governors a 50 percent quota increase allocated to members in proportion to their current quotas. The quota increase would help safeguard global financial stability by enhancing the IMF’s permanent resources and reducing reliance on borrowed resources. The proposal also includes a call for work to develop, by…
Reuters – Sri Lanka and Argentina remain very vulnerable amid a worsening in global financial conditions while China has suffered a sharp deterioration in financial resilience since pre-COVID times, a think-tank study found on Wednesday. The resilience indicator, published by the Washington-based Center for Global Development, assesses which countries would be most economically and financially…
A delegation from the U.S. International Development Finance Corporation (DFC) led by DFC Chief Executive Officer, Scott Nathan, visited the John Keells Group Head Office yesterday (7th November 2023), to meet with leadership teams of John Keells Holdings PLC and the Adani Group. The DFC which works to drive private-sector investments that advance development and…
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