Pakistani Businesses Eye Sri Lanka’s Recovering Economy for Investments
Colombo, Sri Lanka – A 14-member Pakistani business delegation is visiting Sri Lanka to explore investment opportunities in various manufacturing sectors, signaling confidence.
Business
Covering the latest developments in the business world, including mergers and acquisitions, new product launches, executive changes, and company earnings reports.
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Economics
Business
Sri Lanka and Singapore Collaborate to Upgrade Immigration System
Sri Lanka and Singapore are joining forces to enhance Sri Lanka’s immigration system. A team of officials from Singapore’s Immigration Checkpoint Authority (ICA).
- May 29, 2024
Business
Industry Analysis
Commercial Bank Announces Rs. 22.5 Billion Rights Issue to Fuel Growth
Sri Lanka’s Commercial Bank is set to raise Rs. 22.5 billion through a Rights Issue, aiming to strengthen its Tier I capital and.
- May 29, 2024
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
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
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
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
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
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
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