The Joint Apparel Association Forum (JAAF), representing Sri Lanka’s largest export industry, extends its warm congratulations to the National People’s Power on securing a resounding majority in the General Election. As Sri Lanka begins a new chapter, JAAF reaffirms its commitment to working closely with the new leadership to drive economic growth, foster sustainable employment,…
The marine summit “Voyage Sri Lanka 2024” organized by the Sri Lanka Export Development Board will be held on 26th November 2024 at Hotel Kingsbury, Colombo. Companies and Chambers from countries such as India, France, Saudi Arabia, Cambodia and Maldives have already registered for the summit. If Sri Lankan companies in this field wish to…
Loan book up by Rs 121.06 bn. in 9 months, with 44.20% of growth coming in Q3 CASA ratio improves to 39.60% at 30th 2024 Net interest income up 46.15% to Rs 88.98 bn. Total taxes for 9 months double to Rs 27.67 bn. The Commercial Bank of Ceylon Group has achieved impressive growth at…
The newly appointed Board of Directors of the Information and Communication Technology Agency (ICTA) will convene for their first meeting this afternoon (13). Dr. Hans Wijeyasuriya, recently appointed by President Anura Kumara Dissanayake as the Principal Presidential Advisor on Digital Economy, will chair the board in a non-executive role. Dr. Wijeyasuriya’s leadership reflects a commitment…
Operating Income of LKR 36 Bn. up 3% YoY Profit After Taxes of LKR 12 Bn. up 29% YoY Total Capital Adequacy Ratio of 17.12%, Return on Equity 24.25% Nations Trust Bank PLC reported a strong performance for the nine months ending 30th September 2024, achieving a Profit After Tax (PAT) of LKR 12 Bn,…
Net interest margin of 4.21%, consistently above the 4.00% mark Strong handle on costs and impairment enabling profits preservation Pre-tax profit of Rs. 9.4 Bn at Bank level Enhanced Earnings per Share of Rs. 13.69 Continued moderation in portfolio growth attuned to macro-economic conditions National Development Bank PLC (NDB) reported resilient performance for the nine…
By Dr Pulasthi Amarasinghe Sri Lanka is reaching a critical point as a result of poor access to affordable, nutritious food. Nutritional security has taken a backseat to simply meeting basic calorie requirements. The nutritional landscape can significantly improve through shifts in tobacco and alcohol expenditure to food without solely relying on major macroeconomic transformations. Appropriate…
By Jithendra Antonio Sri Lanka, emerging from economic upheaval, the nation’s capital markets hold unprecedented promise, not only for financial gains but as a catalyst for national growth, resilience, and global integration. While this potential is clear, challenges like limited liquidity, shallow market structures, and a need for investor trust remain key barriers. To transform…
Consolidated revenue of Rs. 30.1 billion, up by 6.8% Healthcare revenue up 16.6% YoY to Rs.16.1 billion Consumer records revenue of Rs.9.7 billion, down 0.3% YoY Continuing its resilience in robust growth, diversified conglomerate Sunshine Holdings PLC (CSE: SUN) posted consolidated revenue of Rs. 30.1 billion for the six months ending 30 September 2024 (1HFY25),…
BPPL Holdings PLC witnessed a significant improvement in its financial performance during the three months ended 30th September 2024, as compared to both the corresponding quarter in FY 2023-24 and the three months ended 30thJune 2024. The increase in revenue and gross margins was despite an appreciation in Sri Lankan Rupee rates used to convert…
Video Story
