SriLankan Airlines has reaffirmed its commitment to Pakistan by launching a fourth weekly flight between Colombo and Lahore effective 31 October 2023, connecting the two cities every Sunday, Monday, Tuesday and Thursday with the new addition. SriLankan Airlines also operates four times a week to Karachi, and is the only foreign airline in the Indian…
Huawei announced its business results for the first three quarters of 2023 today. During this period, Huawei generated CNY456.6 billion in revenue, with a year-on-year increase of 2.4% and a net profit margin of 16.0%. “The company’s performance is in line with forecast,” said Ken Hu, Huawei’s Rotating Chairman. “I’d like to thank our customers…
By Rohan Parikh, Chairperson of Iconic Developments In the world of investments, where variables abound, real estate stands as a symbol of unwavering stability. Its intrinsic qualities and unyielding demand make it a fortress against the erosive forces of inflation and economic turbulence. As we delve into this discussion, we take a thought leader’s perspective…
Deloitte in Sri Lanka and Maldives today announced the appointment of Channa Manoharan as their Country Managing Partner and Gerard David as Deputy Country Managing Partner. Channa, a senior partner with over two decades of experience will now lead the network entities in Sri Lanka and Maldives, as it embarks on its next phase of…
Expolanka Holdings PLC have announced its financial performance for the quarter ending 30th September 2023, having successfully navigated through challenging market conditions, demonstrating resilience and adaptability while focusing on long-term strategy. During the quarter under review, Expolanka Holdings reported a Revenue of Rs. 61.5 billion, with a Gross profit of Rs. 12 billion and a…
SMEs readying to weather cascading impacts of global economic challenges JIA MODA shifted manufacturing base to Sri Lanka 20 years ago, headquartered in Paris Cites Sri Lanka’s latent talent to develop high-end apparel the competitive edge With global economic challenges impacting Sri Lanka’s apparel sector, small and medium enterprises (SMEs) are moving from the drawing…
The United States, through the U.S. Agency for International Development’s (USAID) Ocean Plastics Reduction Activity, and Gunadamin Elephant House of Ceylon Cold Stores PLC (CCS) have solidified their alliance through a Memorandum of Understanding. This collaboration aims to establish Sri Lanka’s inaugural plastic recyclable collection network and material recovery facility, led by women, emphasizing the separation and…
Move seeks to enhance customer convenience, foster economic growth and deepen diplomatic ties Nations Trust Bank PLC announced a step forward in addressing the growing needs of customers while aligning with the recent directive from the Central Bank of Sri Lanka (CBSL) with the introduction of the Indian Rupee (INR) as a designated foreign currency….
The orders made under the Colombo Port City Economic Commission Act No. 11 of 2021 published under the Gazette Notice Notification. 2339/31 were approved by the Committee on Public Finance. A lengthy discussion was held regarding the 10 business companies active in the Colombo Port City and attention was paid to the problematic situations regarding…
PwC Sri Lanka today announced the retirement of its Territory Senior Partner, Sujeewa Mudalige, effective October 27, 2023, after serving the firm for over 25 years. Earlier the Sri Lanka firm of the PwC network had announced their decision to exit the network. The firm intends to join the Deloitte network, with effect from 28…
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