Minister of Ports, Shipping and Aviation Nimal Siripala De Silva together with State Minister of Foreign Affairs Tharaka Balasuriya held discussions on 12 May with State Minister of Shipping in Bangladesh holding Cabinet rank, Khalid Mahmud Chowdhury focusing new initiatives to further enhance collaboration in the shipping sector. Minister De Silva appreciated the long standing friendship between…
Foreign Minister Ali Sabry during his visit to Stockholm to participate in the 2nd EU – Indo Pacific Forum, had cordial bilateral discussions with his Swedish counterpart Tobias Billström, committing to strengthen engagement in all spheres of the bilateral relationship. While recalling the decades-old, multi-faceted, partnership between the two countries and peoples, the two ministers agreed…
Sri Lanka Tourism hosted popular Polish celebrity, Dorota Aqualiteja Rabczewska’’ better known as ‘’Doda Queen ‘’ for a few days’ visit in Sri Lanka, in order to promote the destination and create awareness about Sri Lanka and it’s many travel and holiday opportunities to suit everyone’s need. She was accompanied by her fiancé Pachut Dariusz…
Post-tax profitability of LKR 805 Mn, impressively up by 33% Net operating income of LKR 4.5 Bn, up by 24% post absorbing impairment of LKR 4.8 Bn Balance sheet re-sizing and exchange rate appreciation leading to total assets of LKR 781 Bn Sound capital and liquidity positions maintained National Development Bank PLC posted satisfactory results…
Total operating income rises 22% YoY to Rs 34 Bn Net stage III ratio at 3.8%; one of the best in the industry Tier I and total capital ratios improve to 11.41% and 14.43% respectively Liquidity position remains strong with LAR at nearly 40% Following a turbulent year marred by the country facing its most…
Baur & Co. Ltd, also known as Baurs, one of the country’s leading conglomerates with diversified business interests, recently entered a partnership for the distribution of the multinational pharmaceutical company GSK’s prescription medicines and vaccines in Sri Lanka. During the latter part of last year, GSK announced its intention to wind down its commercial business…
During a recent parliamentary session, Harsha de Silva expressed his support for the new welfare gazette while raising some concerns about certain aspects of the bill. He started by commending the government for changing the term “disabled” to “differently-abled” in the gazette and urged other government institutions to follow suit. De Silva also praised the…
Batik Air (formerly known as Malindo Air) announces that all bookings are open for its new reinstated services between Colombo and Kuala Lumpur. Daily flights to Kuala Lumpur are now in operation. They are offering a special all-inclusive Economy Class Return Fare from Colombo to Kuala Lumpur and from Kuala Lumpur to Colombo at LKR…
SriLankan Airlines would like to clarify that the figure quoted in certain misleading news headlines refers to the financial position of the company as at 31 March 2022. The highlighted loss figure includes a foreign exchange loss of LKR142.6 billion resulting from the revaluation of net foreign currency liabilities due to the sudden depreciation of…
Operating Income of LKR 11.4Bn, up 52% YoY Profit Before Tax LKR 5.8 Bn , up 124% YoY Profit After Tax of LKR 2.8 Bn, up 77% YoY Total Capital Adequacy Ratio of 18.25%, Liquidity Ratio of 41% Nations Trust Bank PLC reported a strong performance in the first 3 months of 2023 posting a…
