Operating Income of LKR 38.8Bn, YoY growth of 67% Profit Before Tax of LKR 13.4Bn, YoY growth of 29% Profit After Tax of LKR 7.2Bn, YoY growth of 8% Strong Capital Adequacy with Tier I of 14.8% and Total CAR of 16.9% Nations Trust Bank PLC (NTB) continued its steady performance to close the financial…
President visits Hikkaduwa to discuss tourism-related issues and ideas with businessmen in the industry President Ranil Wickremesinghe has announced plans to make Sri Lanka a year-round tourist destination, with measures to be taken to promote the tourism sector. He made these comments during a meeting with businessmen from the tourism industry in the Galle District…
The bilateral Air Services Agreement signed between the Netherlands and Sri Lanka on Wednesday, 22 February 2023 in The Hague will provide a stronger platform to intensify connectivity both between the countries as well as the European and Asian regions. The instrument inked at the Dutch Ministry of Foreign Affairs provides, inter alia, for the designated airlines of both countries to fly between…
Reuters – A 30% upfront cut of debt-stressed countries’ borrowings could save them $148 billion over eight years, the U.N. Development Programme said on Wednesday, proposing a move to address global debt problems stirring growing international concern. A ‘haircut’ of 30%, or $191 billion, on the 2021 external debt of the 52 most “debt vulnerable”…
The Chamber of Young Lankan Entrepreneurs (COYLE), consisting of a membership of over 120 illustrious entrepreneurs and highly recognized business entities, hosted their annual evening of open discussion and networking with the diplomatic community in Sri Lanka. Foreign minister, Hon. Ali Sabry was invited as the chief guest who delivered an impassioned and clear message…
In a bid to maximize the use of government funds and ensure that resources are utilized efficiently, President’s Secretary Mr. Saman Ekanayake has issued a directive on the instructions of President Ranil Wickremesinghe, requiring officials purchasing airline tickets for official travel abroad to book Economy Class tickets. This directive will take effect from March 1,…
More than 100 participants from Sri Lanka and the Maldives joined in a workshop on how to access the international instruments of climate finance. During the online workshop experts shared key insights and opportunities for accessing international climate funds. The interactive workshop also provided an opportunity to discuss the latest developments on this critical issue…
As a testament to SLT-MOBITEL Enterprise’s commitment to providing customers the highest level of technical expertise, reliability, and security and to accelerating Sri Lanka’s digital infrastructure, the company partnered with VMware Inc. to launch the country’s first VCF Cloud Deployment and double VCF Cloud. Participating in the launch ceremony held in Shangri-La, Colombo were SLT-MOBITEL…
The Board of Investment of Sri Lanka has issued a letter of approval to India’s Adani Green Energy Limited, for the two wind power plants to be set up in Mannar and Pooneryn at a total investment of USD 442 Million. The wind power plant in Mannar will operate at a capacity of 250 MW…
A bilateral Air Services Agreement has been signed between the Netherlands and Sri Lanka on Wednesday (Feb. 22) in the Hague, the Netherlands. The bilateral agreement will provide a stronger platform to further intensify connectivity both between the countries as well as the European and Asian regions, the Embassy of Sri Lanka in the Netherlands…
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