Industry Analysis

Richard Pieris Group’s Q1 Profits Surge 281% to Rs. 1.75 Billion

Richard Pieris Group, one of Sri Lanka’s largest and most diversified conglomerates, reported a Profit Before Tax (PBT) of Rs. 1.75 billion for.

  • August 2, 2024
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Economics

Sri Lanka Targets 20% GDP Contribution from Manufacturing by 2030

The Industry Ministry has set ambitious goals to increase the manufacturing sector’s contribution to Sri Lanka’s GDP from 16% to 20% by 2030..

  • August 2, 2024
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Industry Analysis

People’s Bank Relocates Galkiriyagama Branch to New Premises

People’s Bank has recently relocated its Galkiriyagama branch to a new, more spacious location. The new premises offer enhanced convenience for customers and.

  • August 2, 2024
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Insurance

Sri Lanka’s Education Ministry to Provide Suraksha Insurance for Students

The Education Ministry of Sri Lanka has announced a comprehensive insurance coverage plan for government school students, investing Rs. 7,112 million for up.

  • August 2, 2024
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Economics

IndiGo to Launch Direct Flights Between Chennai and Jaffna from September 1

IndiGo has announced the addition of Jaffna, Sri Lanka, to its international route network. Starting September 1, the airline will commence non-stop daily.

  • August 2, 2024
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Business

Sri Lanka Launches Institute of Industry Professionals to Tackle Sector Challenges

The Industry Development Board (IDB) has inaugurated the Sri Lanka Institute of Industry Professionals (SLIIP), aimed at providing an active platform to address.

  • August 2, 2024
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Markets

DFCC Bank to Launch Rs 2 Billion Green Bond Issue with Greenshoe Option

Sri Lanka’s DFCC Bank Plc announced plans for a senior, rated, 3-year green bond issue aimed at raising 2 billion rupees, with the.

  • August 2, 2024
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Economics

Sri Lanka and IMF Discuss Critical Areas for Economic Program Success

Sri Lanka’s President Ranil Wickremesinghe met with International Monetary Fund (IMF) Mission Chief Peter Breuer and his team on Thursday to evaluate the.

  • August 2, 2024
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Markets

Sri Lanka Gold Prices Update for August 2, 2024

As of August 2, 2024, the price of gold in Sri Lanka is as follows: These rates reflect the current value of gold.

  • August 2, 2024
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Tech

CameraLK Opens New Sony Service Center for Expert Repairs

CameraLK, Sri Lanka’s leading camera retailer, has opened a new CameraLK Service Center located at 244 High Level Rd, Colombo 05. This cutting-edge.

  • August 2, 2024
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