Gross Written Premium (GWP): Rs. 28.2 Bn, up 29% Market leader in Absolute GWP Growth of 6,284 Mn Profit Before Tax (PBT): Rs. 3.3 billion Total Assets: Rs. 59 Bn | Total Equity: Rs. 11.6 Bn Return on Equity (ROE): 24% | Capital Adequacy Ratio (CAR): 298% Claims & Benefits: Rs. 13.5 billion paid, with over…
The Securities and Exchange Commission of Sri Lanka (SEC) has cautioned social media users against offering or following unlicensed investment recommendations, stressing that such activity is illegal and subject to severe penalties. In a message shared on X, the SEC warned that only Registered Investment Advisors or licensed bodies are permitted to issue investment-related guidance….
The ground-breaking ceremony for the proposed Customs Import and Export Cargo Inspection Center at the Hambantota International Port (HIP) was held today (20 November 2025) at an auspicious time, marking the start of a key development to boost the port’s cargo processing capacity. Construction of the new facility is expected to be completed within the…
A senior delegation from Hapag-Lloyd recently visited the Sri Lanka Ports Authority (SLPA) to strengthen ties and explore opportunities for further cooperation. The delegation included Mr Christiaan Goeman Borgesius, Senior Director – RME Operations; Mr Jubil Thankachan, Director of Marine Operations – RME Operations; and Mr Lloyd De Villers, Director of Procurement. They were accompanied…
Sampath Bank PLC marked a transformative milestone in its sustainability journey with the official launch of the Sampath Bank Green Deposit, a fixed deposit product dedicated to financing environmentally sustainable projects. The launch event, held recently, brought together the Bank’s Managing Director and Chief Executive Officer, Mr. Sanjaya Gunawardana, Chief Financial Officer, Ajantha de Vas…
Ambassador of Sri Lanka to the Kingdom of Saudi Arabia Ameer Ajwad participated at the Inaugural Meeting of the Inter-Institutional Working Group on Tourism and Climate Action during the 26th General Assembly of the UN World Tourism Organization (UN WTO) held in Riyadh, Saudi Arabia from 7-11 November 2025. Representing Sri Lanka at the Inter-Institutional…
In collaboration with the Sri Lanka Tourism Promotion Bureau (SLTPB), the High Commission of Sri Lanka in London proudly marked a remarkable level of participation by the nation’s tourism industry at WTM 2025, held from 4–6 November 2025 at the ExCel London. A delegation of 92 leading travel and tourism partners represented the island, highlighting…
The Sri Lanka High Commission in India, in partnership with the National Payments Corporation of India (NPCI), launched a pilot initiative introducing UPI One World for Sri Lankan Buddhist pilgrims visiting India on 17 November 2025. This pioneering digital payment facility enables Sri Lankan travellers to make secure, real-time payments across India without the requirement…
Fitch Ratings: Fitch Ratings’ ‘neutral’ 2026 sector outlook for global sovereigns reflects expectation of broadly flat world GDP growth, reduced uncertainty over US tariffs and lower policy rates. However, material risks emanate from structural shifts in trade, technology, geopolitics and financial markets, while public finances are increasingly stretched in several major economies. We expect broadly…
The Inland Revenue Department (IRD) has achieved the highest tax revenue collection in its history for the year 2025. As of November 17, 2025, total revenue collections amount to approximately Rs. 2,002,241 Million (Rs. 2,002.241 Billion). This reflects an increase of Rs. 60,079 Million compared to the total revenue collected in 2024. In contrast to…
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