The Budget Debate will be held for 23 days from November 8 to December 5 Second Reading Debate from November 8 to 14 – Second Reading Vote on November 14 at 6.00 pm. Committee Stage Debate from November 15 to December 5 – Third Reading Vote on December 5 at 6.00 pm The Second Reading…
Emirates maintains position as the world’s most profitable airline Group: New record half-year performance with profit before tax of AED 12.2 billion (US$ 3.3 billion), up 17% from the same period last year. Revenue up 4% to AED 75.4 billion (US$ 20.6 billion). Emirates: New record half-year profit before tax of AED 11.4 billion (US$ 3.1 billion),…
By Prof Samitha Hettige At the recently concluded 32nd APEC Economic Leaders’ meeting held in South Korea, Commander in Chief of world’s 2nd largest economy Chinese President Xi Jinping expressed his vision for the Asia Pacific community. Though focused on the APEC it indeed is a lesson for the world. When the Soviet Union (USSR)…
President Anura Kumara Dissanayake reviewed the final draft of the Budget 2026 proposals last night (05) at the Presidential Secretariat. Secretary to the Ministry of Finance, Dr. Harshana Suriyapperuma, was also present at the occasion. The Budget 2026, which marks the second budget of the current government, is scheduled to be presented to Parliament tomorrow…
Consolidated revenue of LKR 32.3 billion, up 7.4 % YoY Healthcare revenue up 7.4% YoY to LKR 17.3 billion Consumer revenue up 1.0% to LKR 9.8 billion Agribusiness recorded an impressive revenue of LKR 5.2 billion, up by 21.9% Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) continued to build on its strong start…
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce Bybit Pay’s debut in Sri Lanka, adding a brand new destination in Bybit Pay’s global footprint. The initial rollout covers 50 physical point-of-sale and 50 digital merchant activations, creating a comprehensive presence across retail, service, and online commerce in Sri Lanka’s emerging digital payment…
By Yohan Lawrence, the Joint Apparel Association Forum (JAAF) Every delay at the Port of Colombo now comes at a heavy price. For Sri Lanka’s apparel industry, time is not just money it’s trust. The recent reports of ships failing to call at Colombo because of potential delays in the Port of Colombo, are a…
Policybazaar.com, one of India’s largest insurance platforms, has announced the launch of its reinsurance operations in Sri Lanka, Qatar, Oman, and the UAE. With this move, Policybazaar becomes one of the first India-based intermediaries to introduce a technology-driven reinsurance model across Asia and the Middle East, regions that are rapidly growing yet continue to face…
Dr. Saman Weerasinghe has been awarded the Order of Friendship (Orden Druzhby) by Russian President Vladimir Putin at Kremlin, Moscow. The honour, one of Russia’s highest civilian distinctions, recognises his decades of dedication to strengthening diplomatic, cultural, and economic ties between Sri Lanka and Russia. Dr. Weerasinghe is the only Asian recipient of the award…
Profit after taxes reach an institutional high of LKR 7.5 billion in a normalized standalone basis Net loans, deposits and total assets expand by 22.1%, 7.2% and 10.6% respectively on a normalized basis Nine months ROE was 12.4% while 3rd quarter ROE was 16.0% FINANCIAL PERFORMANCE National Development Bank PLC, released its financial results for…
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