Business

Covering the latest developments in the business world, including mergers and acquisitions, new product launches, executive changes, and company earnings reports.

Business Insurance

Ceylinco Insurance Rebrands as Ceylinco Holdings Plc

Sri Lanka’s leading private insurance company, Ceylinco Insurance Plc, has undergone a name change to Ceylinco Holdings Plc, according to a recent stock.

  • May 28, 2024
Read More
Business Tech

LankaGPT Launches Free AI Platform “Sigiriya” to Empower Sri Lankans Globally

Sri Lankan AI company LankaGPT is set to launch a revolutionary new platform, Sigiriya AI, in July 2024. This groundbreaking tool, the first.

  • May 28, 2024
Read More
Business

Projected: SL Reserves Set to Exceed $6.3 Billion by End of 2024, Tourism Revenue Targeted at $3 Billion

According to First Capital Research’s latest report, official reserves experienced a notable 23% increase in December 2023, boosted by disbursements from the IMF,.

  • May 16, 2024
Read More
Business

Ceylon’s Bank Surges with Record-breaking Rs 9.3 Billion Profit Before Tax in First Quarter, Marking 180% Growth

During the first quarter of 2024, Bank of Ceylon showcased remarkable resilience, achieving a Profit Before Tax (PBT) of Rs. 9.3 billion, signaling.

  • May 16, 2024
Read More
Business

Chinese Garment Delegation Ventures into Sri Lanka, Seeks Business Prospects

A delegation of 30 members from the China National Garment Association (CNGA), led by Executive Vice President Xie Qing and Vice President/Secretary General.

  • May 16, 2024
Read More
Business

Sampath Bank Achieves Stable 1Q Results, Reports Profit After Tax of Rs. 3.4 Billion

Sampath Bank announced robust financial results for the first quarter of 2024, posting a profit before tax (PBT) of Rs 6.2 billion and.

  • May 16, 2024
Read More
Business

Celebrating Economic Resurgence: HNB Reports Impressive Rs 6.2 Billion Profit After Tax

Hatton National Bank PLC (HNB) announced a robust performance for the first quarter of 2024, recording a Profit Before Tax (PBT) of Rs.

  • May 16, 2024
Read More
Business

Tesco to Launch Two New Brands of Hela Apparel in UK Retail Stores

Focus Brands, the brand licensing division of Hela Apparel Holdings PLC, has announced a strategic partnership with Tesco to introduce its Peter Werth.

  • May 16, 2024
Read More
Business

Celebrating Partnership: Birds Resort Hambantota Takes Center Stage as Gold Sponsor of ‘Sancharaka Udawa 2024’

The much-anticipated 11th edition of the ‘Sancharaka Udawa 2024’, organized by the Sri Lanka Association of Inbound Tour Operators (SLAITO), is scheduled to.

  • May 16, 2024
Read More
Business

CFA Society Commends Financial Management Excellence at University of Jaffna

The CFA Society Sri Lanka (CFASSL) celebrated academic excellence in financial management at the University of Jaffna’s 38th Convocation held on March 14..

  • May 16, 2024
Read More