Unity Plaza, the iconic commercial building in the heart of Colombo, has undergone a remarkable transformation, cementing its status as the country’s ultimate one-stop shop for all IT requirements. This visionary, trailblazing journey of renewal and innovation was spearheaded by Lanka Realty Investments PLC, subsequent to its acquisition of a 51% stake in On’ally Holdings…
World Bank Managing Director for Operations, Anna Bjerde, concluded her four-day visit to Sri Lanka today, encouraging the Government of Sri Lanka to stay the course on reforms for recovery and sustainable growth. She also underscored the World Bank’s continuous commitment to investing in people, strengthening human capital, and creating jobs. Bjerde met with Sri…
Top textile maker Teejay Lanka PLC has achieved a remarkable recovery from its first quarter losses to post strong top and bottom line figures for the second quarter of 2023-24. Sri Lanka’s first multinational textile manufacturer has reported profit before tax of Rs 1.2 billion for the three months ending 30th September 2023, reflecting a…
INFOTEL 2023 ICT Exhibition, organised by the Federation of Information Technology Industry Sri Lanka (FITIS), will kick start on November 03 2023, at the Bandaranaike Memorial International Conference Hall I(BMICH) in Colombo. The exhibition, which is scheduled till November 05, aligns with President Ranil Wickremesinghe’s vision to modernise Sri Lanka through digitisation. The exhibition, themed…
President Ranil Wickremesinghe, in a momentous event marking 25 years of business excellence, praised CEAT-Kelani Tyres for its remarkable journey from a state-owned enterprise to a symbol of successful privatization. Addressing the audience at the celebration, President Wickremesinghe reminisced about the challenging birth of Kelani Tyres and the pivotal role it played in Sri Lanka’s…
The Ceylon Chamber of Commerce proudly announces the ‘Best Corporate Citizen Sustainability Award 2023 (BCCS Awards)’, one of the most anticipated events on the corporate calendar, for the 20th consecutive year. The BCCS Awards aim to encourage corporates to adopt best practices relating to environmental, social, and economic sustainability while pursuing corporate goals within the…
Profit before Tax accelerated 100.75% to LKR 7,181 Mn Overall Statutory Liquid Assets Ratio is 39.10% at 30 Sept ‘23 Total Capital Adequacy Ratio of 15.29% as at 30 Sept ‘23 Seylan Bank announced an impressive Profit after Tax (PAT) of LKR 4.49 billion for the nine months ended September 30, 2023, representing a 79.47%…
Marking a significant momentum of the economic recovery and stabilization, the second high- level roundtable discussion on Crisis to Recovery was held Tuesday, 31 October 2023, in Colombo. This event follows the previous session in December 2022 and provides a forum to discuss the progress of the Government’s reform programs aimed at addressing key economic…
Various tax based enhancing and developmental tax policy proposals have been implemented from the month of June 2022 for the state financial stability based on the income with the objective of ensuring loan sustainability and as a result of that, the state tax revenue of the first 09 months of 2023 has been escalated by…
Reuters – Sri Lanka’s key inflation rate rose to 1.5% in October from 1.3% a month ago, the statistics department said on Tuesday. The Colombo Consumer Price Index (LKCCPI=ECI), a leading indicator for broader national prices, tracks inflation in Colombo, Sri Lanka’s biggest city. Food prices fell 5.2% in October after declining 5.2% in September, from…
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