In Colombo, a new era of modern office infrastructure is set to begin at Port City Colombo with the development of Colombo Gateway Tower One, led by a consortium of investors spearheaded by Canary Wharf Holdings Pte Ltd based in Singapore. Canary Wharf is the development arm of Investment Advisory firm Platinum Advisors Pte Ltd,…
Achieves Revenue and PBT growth of 13% and 7% during the 2nd quarter of the year supported by both domestic and export-oriented businesses Ranked as Sri Lanka’s leading listed corporate in the 32nd edition of the LMD 100 Accelerates growth through strategic expansion in new verticals The Hayleys Group sustained its strong growth trajectory during…
Revenue: Rs133.1Bn, up 6% YTD; Core Revenue up 18% YTD EBITDA: Rs62.9Bn, up 40% YTD; EBITDA margin at 47.3% up 11.3pp YTD NPAT: Rs14.9Bn up over 100% YTD Taxes Paid to GoSL: Rs41.9Bn (Rs9.3Bn in Direct, Rs32.6Bn Indirect) Capex: Rs14.2Bn; OFCF: Rs37.1Bn up 90% YTD Dialog Axiata PLC announced its consolidated financial results for the…
The Food and Agriculture Organization of the United Nations (FAO), in collaboration with the Ministry of Fisheries, Aquatic and Ocean Resources and the National Aquaculture Development Authority (NAQDA), launched the Shrimp Industry Information System (SIIS) – Sri Lanka’s first-ever integrated digital platform for the aquaculture sector. Developed under the FAO-led project “Smart and Sustainable Aquaculture…
Reuters – Wall Street ended sharply lower on Thursday, with steep losses in Nvidia and other AI heavyweights, as investors scaled back expectations of interest rate cuts due to inflation worries and divisions among central bankers about the U.S. economy’s health. All three major U.S. stock indexes posted their steepest daily percentage declines in over…
Financial Performance Sampath Bank reported a Profit Before Tax (PBT) of Rs 35.3 Bn and a Profit After Tax (PAT) of Rs 21.5 Bn for the nine-month period ended 30th September 2025, reflecting consistent year-on-year growth of 18% and 21% respectively. Furthermore, the Group delivered a strong financial performance, recording a PBT of Rs 38.0…
Loans grow by over Rs 250 Bn in 9 months Asset quality improves further, with net Stage 3 ratio at 1.36% Recognised as the ‘Strongest Bank in Sri Lanka‘ by ‘The Asian Banker’ Sustaining its upward momentum, HNB delivered strong results in the first nine months of 2025. Group PAT reached Rs 34.7 Bn, marking…
The Central Depository Systems (Pvt) Limited (CDS), a wholly owned subsidiary of the Colombo Stock Exchange (CSE), signed a Memorandum of Understanding (MoU) with Seylan Bank PLC to enhance the facilitation of Inward Investment Accounts (IIAs) for non-resident Sri Lankans and Foreign Individuals (FIs) who wish to open CDS accounts through the CSE Mobile App….
DENZA, the premium new energy vehicle (NEV) brand from the BYD Group, was officially launched in Sri Lanka with an exclusive event at Waters Edge on November 12, 2025. Brought to market through a strategic partnership, John Keells CG Auto (JKCG Auto) introduced DENZA as Sri Lanka’s newest entry into luxury new energy mobility, offering…
United Motors Lanka PLC (UML) reported a strong resurgence in performance for the six months ended 30 September 2025, with the Group posting a profit of Rs. 1.41 billion compared to a loss of Rs. 119 million in the same period last year — a 1,287 percent increase. The Company’s profit rose sharply to Rs….
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