Top blue-chip company John Keells Holdings Plc (JKH) reported an EBITDA of Rs. 7.7 billion for the first quarter of FY25, marking a 13% decrease from the previous year. The bottom line, however, showed a net loss of Rs. 868 million. The Group’s EBITDA included significant pre-opening costs related to the ramp-up for the opening
Softlogic Stockbrokers, the full-service brokerage arm of Softlogic Capital PLC, has recently leveraged the power of Microsoft Azure OpenAI Service to introduce StockGPT, an innovative AI tool designed to empower the financial services sector. Microsoft Azure OpenAI Service is an advanced, fully managed service that enables developers to seamlessly integrate cutting-edge OpenAI models into their
HSBC Sri Lanka has been awarded the title of ‘Best International Bank in Sri Lanka’ by Euromoney in their Awards for Excellence 2024. This accolade acknowledges HSBC’s commitment to digitisation and delivering competitive financial services, reflected in its exceptional financial results in 2023. The award also highlights key achievements in Wholesale Banking, Sustainable Finance, and
The Sri Lanka Human Capital Summit 2024, held at Temple Trees in Colombo on Thursday, July 18, aims to address the country’s pressing talent drain issue. Former Australian Prime Minister Scott Morrison and former Maldives President Mohamed Nasheed are scheduled to speak at the event. Key stakeholders will focus on the talent drain threatening Sri
Sri Lanka’s cabinet has approved five companies to operate foreign exchange counters at Bandaranaike International Airport, according to Minister Bandula Gunawardana. Following a competitive tender process, the selected firms are Bank of Ceylon, People’s Bank, Sampath Bank, Commercial Bank, and Thomas Cook. The franchise agreements will be effective for three years.