New Brand Finance data shows banking brands account for 42% of nation’s total brand value Bank of Ceylon retains title as Sri Lanka’s most valuable brand Dialog overtakes Keells to emerge as strongest Sri Lankan brand Six banking brands rank among Sri Lanka’s top 10 most valuable brands PickMe emerges as a leading homegrown digital success story Sri Lanka’s leading brands have reached a significant milestone, with the combined brand value of…
Sri Lanka has reached a significant fiscal milestone by recording a nominal budget surplus of Rs. 9.5 billion in the first six months of 2026. This marks a dramatic recovery from the Rs. 405.6 billion deficit reported during the same period in 2025. The turnaround was primarily driven by a 27 percent increase in government…
The Asian Development Bank (ADB) is set to deploy $450 million to protect poor households and strengthen the economies of Cambodia and Sri Lanka as the conflict in the Middle East drives up costs and deepens uncertainty across Asia and the Pacific. “No family should be pushed deeper into poverty by a conflict thousands of…
The Sri Lanka Pharmaceutical Manufacturers’ Association (SLPMA) reaffirmed its commitment towards advancing Sri Lanka’s pharmaceutical self-reliance and strengthening the country’s position as a credible pharmaceutical manufacturing hub at its Annual General Meeting (AGM) held recently under the theme “Driving the National Call Forward.” Building on the landmark “National Call to Produce Medicine in Sri Lanka…
Profit before Income Tax – LKR 9.3 Bn up by 10.10% Profit after Tax – LKR 6.1 Bn up by 10.78% Total Assets reach LKR 976 Bn Return on Equity (ROE) of 14.74% Impaired Loans (Stage 3) Ratio at 1.03% The Bank recorded a Profit Before Income Tax (PBT) of LKR 9,298 Mn during H1…
Fitch Ratings: The U.S. effective tariff rate (ETR) has declined to 7.4% from 9.4% after the U.S. replaced the temporary Section 122 surcharge with new Section 301 tariffs on imports from 60 economies, including the EU. The revised estimate also reflects Fitch Ratings’ use of annualized January-May 2026 trade flows instead of the 2024 import…
As Indian travelers broaden their international horizons, Sri Lanka has emerged as a premier destination for those seeking more than just a standard beach holiday. According to recent Agoda search data, the island nation is seeing a significant surge in interest, driven by its diverse offerings from the world-class surfing at Arugam Bay to the serene…
Landmark announcement signals the next phase in The Shoppes’ evolution as a premier retail, dining, entertainment and lifestyle destination The Shoppes at City of Dreams Sri Lanka marked a major milestone in its evolution with the official announcement of Scope Cinemas. Scheduled to open on Level 10 before the end of 2026, Scope Cinemas Multiplex…
Reuters – Asian stocks struggled for direction in volatile trading on Thursday after a week of market turbulence sparked by AI jitters, as a divided Federal Reserve stood pat on rates and left bond markets uncertain about the next move. Brent futures slipped below $90 per barrel, after jumping over 7% a day earlier as fighting in the Middle East escalated,…
Reuters – Oil prices erased some of their previous gains on Thursday, despite escalating attacks in the Gulf as investor focus shifted to supply flows through the key chokepoints in the region. Brent futures fell 96 cents, or 1.06%, to $89.78 a barrel as of 0418 GMT. U.S. West Texas Intermediate (WTI) crude fell 64…
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