Browns Investments has finalized its acquisition of Lipton Teas in Kenya and Rwanda.
Browns Investments PLC has finalized its acquisition of Lipton Teas and Infusions’ businesses in Kenya and Rwanda, as confirmed in a disclosure to
Industry Analysis
Insurance
Sri Lanka’s Insurance Sector Sees Mixed 1Q Results Despite 7.39% GWP Growth
Sri Lanka’s insurance industry experienced mixed performance results in the first quarter, achieving a 7.39% year-on-year (YoY) growth in overall Gross Written Premium
Economics
IMF’s Primary Deficit Focus Deepens Sri Lanka’s Debt Crisis: Analyst
The International Monetary Fund’s (IMF) stringent focus on an arbitrarily set primary balance target in Sri Lanka’s budget is exacerbating the country’s debt
Tourism
Sri Lanka Sees Significant Boost in Tourist Arrivals in July
After a disappointing June, tourist arrivals in Sri Lanka surged in July, with the country welcoming 187,810 foreign visitors. This marks a 31.3
Personal Finance
Adani Power Reports Strong Q1, Emphasizes Sustainable Growth and ESG Initiatives
Adani Power Ltd. (APL), part of the Adani portfolio, has announced its performance for the first quarter ending June 30, 2024. APL CEO
Industry Analysis
Sri Lanka Tourism Promotion Bureau Wins ‘Best International Tourism Board’ Award
Sri Lanka Tourism Promotion Bureau (SLTPB) has been honored with the “Best International Tourism Board” award at the Global Tourism Awards 2024, held
Finance
HNB Finance Launches Three New Gold Loan Units Across Sri Lanka
HNB Finance has expanded its services with the introduction of three new Gold Loan Units in response to increasing demand. The new units
Business
Sunshine Holdings Reports 6.5% Revenue Growth Despite Lower Profit
Sunshine Holdings PLC (CSE: SUN) has reported a consolidated revenue of Rs. 14.2 billion for the first quarter of the 2024/25 financial year,
Economics
Sri Lanka Central Bank Absorbs Rs. 546 B from Forex Purchases to June 2024
Sri Lanka’s central bank has absorbed Rs. 546 billion of domestic money out of the Rs. 578.5 billion created from foreign exchange purchases
Economics
Sri Lanka Coconut Auction Prices Dip Slightly
Sri Lanka’s average coconut auction prices decreased slightly from Rs. 85,516 to Rs. 85,087 per 1,000 nuts as of August 1, 2024, according