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Net Interest Income – 5,853 Mn, up by 29% Net Fee and Commission Income – 855 Mn, up by 24% Operating Profit – 2,725 Mn, up by 32% Profit before Tax – 1,996 Mn, up by 32% Profit after Tax – 1,025 Mn, up by 11% Total Assets – 248 Bn, up by 6% Customer…
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AIA Insurance proudly concludes the 29th year of its Poson Safety Programme, celebrating zero fatalities and the rescue of six lives. This comprehensive CSR initiative, one of the longest standing projects in the country continues to be a beacon of safety and community service during the religious Poson festival. AIA deployed over 500 dedicated lifeguards…
Where Mediterranean Delights Blend with Local Flavours Doner & Durum (D&D), a distinguished Mediterranean and Turkish restaurant recently opened its second location in Thalawathugoda. Established in 2018, Doner & Durum has swiftly become a favourite among food enthusiasts, offering a unique fusion of Mediterranean flavours tailored to the local palate. Founded by a group of…
Nations Trust Bank has renewed its partnership with the Wildlife and Nature Protection Society of Sri Lanka (WNPS), continuing the Bank’s contribution to WNPS and its environmental & awareness-building initiatives. Environmental & biodiversity conservation is one of Nations Trust Bank’s key CSR initiatives. WNPS continues to be one of the Bank’s closest partners in offering…
For a city that loves its food, gastronomic delights are plentiful all around Colombo. Competing with established brands and winning can be difficult but with a taste that stands out and perseverance to bear challenges – Kattu Mittu Achcharu Hut has carved its own niche. When Amna Anas, a mother of two, launched her business…
Founder and Managing Director of S G Actuarial Consultancy Saroja Gunatilleke recently won the prestigious “45 Under 45 Leadership Excellence” Platinum Award 2024 awarded by the Global CEO Forum. This is not the first time Saroja has been recognized for her achievements. When she qualified as a Fellow of the Institute and Faculty of Actuaries,…
In the dynamic realm of personal finance, creditworthiness is paramount, impacting eligibility for various financial products. At the core of this evaluation lies the CRIB report – an intricate credit dossier managed by the Credit Information Bureau of Sri Lanka (CRIB). Understanding the nuances of a CRIB report, recognizing its significance, and cultivating habits to maintain a positive report…
Govi.ai, an award-winning Internet of Agriculture solution aimed at empowering the farming community, was recognised as the National 2nd Runner-up in the Best Innovative Product/Project in Agri-tech category at the Sri Lanka Association for Software and Services Companies (SLASSCOM) Ingenuity Awards 2024. govi.ai combines enterprise level technologies, such as an IoT (Internet of Things) platform,…
Xiteb® (https://xiteb.com/), a leading software solutions provider and the top eCommerce platform developer, has successfully obtained the ISO 9001:2015 certification, further solidifying its commitment to quality and customer satisfaction. Founded in 2010 in Sri Lanka and subsequently expanded to the USA as Xiteb LLC, the company has consistently prioritized quality and excellence. Recognized for its…
Megakem Engineering Private Limited has expanded their business by opening two new showrooms under the “MEGAKEM” brand. The new showroom in Gampaha and the rebranded showroom in Rajagiriya are significant milestones in the company’s growth strategy. In addition, Megakem has introduced its newly rebranded waterproofing solution, MEGAKEM MEGALASTIC SUPER 540. Lauded for its superior quality…
The Overseas School of Colombo (OSC) is no stranger to setting exemplary standards in environmental education and sustainable practices and has earned many notable distinctions in recent times. OSC has yet again earned aremarkable global recognition, this time being the only school in the world to be awarded the prestigious MSA Programme of Distinction in…
Top News
Business Sentiment: Index Dips as Challenges Persist Having endured a challenging period, Sri Lanka formalised an agreement with its bilateral creditors led by Japan and India to the tune of US$ 5.8 billion recently. Sri Lanka also closed a US$ 12.5 billion International Sovereign Bond (ISB) restructuring arrangement with the parties reportedly agreeing on the…
The Managing Director of Onomichi Dockyard Company, Japan, and Director of Colombo Dockyard PLC (CDPLC), Kunio Kobatake, recently visited Hambantota International Port (HIP). This visit follows a newly signed agreement between CDPLC and the Hambantota International Port Group (HIPG) to construct a state-of-the-art ship repair workshop at the port. Johnson Liu, Chief Representative of CM…
By Dr. Dan Seevaratnam Sri Lanka continues to grapple with severe economic challenges that affect all its citizens, including those in the plantation sector. At a time when nearly one in four Sri Lankans has fallen below the poverty line as a result of the Sri Lankan economy’s historic downturn over the past 4 years,…
Today is a historic day for moviegoers in Sri Lanka as Scope Cinemas proudly unveils its new IMAX®️ Theatre at Havelock City Mall. This state-of-the-art facility introduces the highly-anticipated IMAX®️ with Laser technology, promising an unrivaled cinematic experience that will captivate audiences with its stunning visuals and immersive audio. IMAX®️, a name synonymous with cutting-edge…
The Sri Lanka Export Development Board (EDB) successfully held its 24th Exporters’ Forum on the 25th of this month. The forum, a platform for discussing and resolving issues faced by exporters, was presided over by State Minister of Investment Promotion, Hon. Dilum Amunugama. The participation of Secretary of the Ministry of Investment Promotion, Mr. M….
A high-level delegation from CPA Australia, including board members and representatives from international markets, recently concluded a successful visit to Sri Lanka. The delegation’s primary focus was on establishing strong relationships with local governments, professional bodies, universities, and banking institutions. “We’re excited to be expanding our presence in Sri Lanka,” said Professor Dale Pinto (FCPA),…
Authentic Brands Group (Authentic), a global brand development, marketing, and entertainment platform, today announced a long-term partnership with Focus Brands, the brand licensing division of Hela Apparel Holdings PLC, for Reebok. Through the partnership, Focus Brands will design, manufacture and distribute Reebok-branded outerwear products across the UK and Europe. “We look forward to expanding our…
Bloomberg – Sri Lanka will hold elections in September to elect a new president as the incumbent leader Ranil Wickremesinghe seeks a mandate for his tough fiscal reforms in the South Asian nation that’s trying to move past its worst financial crisis on record. The Election Commission said the vote will be carried out on Sept. 21…
Analysis
Business Sentiment: Index Dips as Challenges Persist Having endured a challenging period, Sri Lanka formalised an agreement with its bilateral creditors led by Japan and India to the tune of US$ 5.8 billion recently. Sri Lanka also closed a US$ 12.5 billion International Sovereign Bond (ISB) restructuring arrangement with the parties reportedly agreeing on the…
By Dr. Dan Seevaratnam Sri Lanka continues to grapple with severe economic challenges that affect all its citizens, including those in the plantation sector. At a time when nearly one in four Sri Lankans has fallen below the poverty line as a result of the Sri Lankan economy’s historic downturn over the past 4 years,…
The skin they say is the largest organ of the human body. Despite conflict provocative news on tattoo studios, predominantly ‘Tan’ Sri Lankans may continue to make their skins fairer & mark it with tattoos. Tattooing goes back centuries even to the Iceman of the Italian-Austrian border who lived approx 5200 years ago. Globally, across…
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