Sri Lankan conglomerate Aitken Spence PLC announced a stellar fourth quarter, significantly boosting their overall financial performance for the 2023/2024 financial year. Key Highlights: Full Year Performance: For the entire financial year ending March 31, 2024, the Group reported a PBT of Rs. 6.7 billion. The key contributors were: Beyond Financials: Aitken Spence achieved several
Sri Lanka’s tourism industry is experiencing a welcome surge, with arrivals reaching the 100,000 mark for May 2024 as of May 28th. The total number is expected to hit 900,000 by early July. As of May 26th, total arrivals reached an impressive 881,541. India continues to be the leading source market with 150,857 visitors, followed
Sri Lanka’s recent decision to outsource visa processing and introduce “processing” and “convenience” fees has ruffled feathers in the Maldives, a close neighbor. Maldives Considers Reciprocal Action The new system, implemented through VFS Global, requires a $26 payment despite the Sri Lankan government itself not collecting any fees. This has angered Maldivian authorities, who point