ComBank posts stellar results in 2024 after absorbing a SLISB restructure loss of Rs 45 bn
Net reversal of Rs 62 Bn. in impairment provisions compensates for loss from sovereign bonds restructuring Further accelerates lending with loan book …
Industry
Japan to Invest in Sri Lanka’s Digital Transformation and Port Development
President Anura Kumara Disanayake met with Ambassador of Japan to Sri Lanka, H. E. Mr. Akio ISOMATA, this morning (27) at the President’s Office. During the …
Public Advisory on the Misuse of the Term ‘Finance’
Sri Lanka's Central Bank has issued a warning regarding the unauthorized use of the terms ‘finance,’ ‘financing,’ and ‘financial’ in business names …
First Set of Vehicle Imports to Arrive at Hambantota International Port
The first set of vehicle imports for the local market after the ban was lifted will arrive on Thursday, the 27th at midnight, the Hambantota International Port …
CBL Group expands global footprint with entry into Kenya
CBL Group, a food conglomerate, has entered the Kenyan market by establishing a distribution hub as part of its strategic move to strengthen exports and …
JAAF welcomes budget 2025, calls for caution on removal of SVAT
Similarly, initiatives such as the National Single Window, e-cargo tracking, scanners, revisions to Customs law, and improvements in logistics and Customs …
Dredging Operation at Hambantota International Port to Restore Harbor Depth
The Hambantota International Port (HIP) began maintenance dredging this month in order to restore the harbour’s original depth. The operation undertaken by …
Pan Asia Bank Announces Performance with a PAT of over 4.1 bn for FY 2024
Net Interest Income - Rs. 12.13 billion, up by 18%Net Fee and Commission Income - Rs. 1.90 billion, up by 24%Operating Profit before Taxes on Financial …
Discussion at SLCERT Highlights Cybersecurity Measures Aligned with Digital Economy Policy
A discussion was held at the Sri Lanka CERT under the initiative of Dr. Hans Wijesuriya, Senior Advisor to the President on Digital Economy Affairs, to …
Govt Allocates Rs. 20 Bn to Sign Deal with Banks for SriLankan Airlines Legacy Debt Settlement
To address the financial burdens of SriLankan Airlines (SLA), the government has announced a plan to settle the airline's legacy debt. Despite previous …
Budget 2025: Capital Gains Tax Rate Increased to 15-pct for Individuals & Partnerships
The Capital Gain Tax (CGT) rate applicable for individuals and partnerships will be increased to 15%. The CGT rate applicable for all other entities will be …
Unveiling Key Insights from IDC’s Microsoft Commissioned Study
As artificial intelligence (AI) evolves from being a technological buzzword to a business imperative, a recent study commissioned by Microsoft to the …
Oracle Considers Colombo Port City for South Asian AI and Cloud Hub
President Anura Kumara Disanayake met with the Executive Vice Chairman of Oracle Corporation Mike Sicilia during the World Governments Summit held in the …
HP unveils the next evolution of large format printing to Sri Lanka
HP has introduced the HP DesignJet Smart Tank T908 MFP and T858 SFP, the first large-format ink tank printers in Sri Lanka, exclusively distributed by The …
Jaffna’s 3axislabs surpasses 100,000 global users with MindMap AI
Jaffna-based 3axislabs is expanding its Sri Lankan operations to meet growing international demand for its services. Having successfully delivered almost 50 …
Hambantota International Port Expands Bunkering with New HSFO Facilities
Hambantota International Port (HIP) marked a significant milestone in January 2025, by successfully integrating High Sulphur Fuel Oil (HSFO) into its range of …
VIDEO: Technofeudalism Unveiled – Yanis Varoufakis on the Fall of Capitalism
Former member of the Greek parliament and Minister of Finance Yanis Varoufakis joins host Chris Hedges on this episode of The Chris Hedges Report to explain …
HNB PLC completes full acquisition of Acuity Partners: Rebrands as HNB Investment Bank
Hatton National Bank PLC (HNB), Sri Lanka’s second largest Private Bank, announced the successful acquisition of full ownership of Acuity Partners (Pvt) Ltd …
Sri Lanka Sees 21-pct Increase in Tourist Arrivals in January 2025
Sri Lanka experienced a significant boost in foreign tourist arrivals, with numbers rising by 21.37% year-on-year to 252,761 in January 2025. This follows an …
Hemas Group records earnings of Rs. 3 bn, a 36-pct growth for the quarter
The Hemas Group recorded earnings of Rs. 3.0 billion, a 36.3 percent growth in consolidated earnings for the quarter with revenue increasing by 6.4 percent to …