The National Development Bank PLC (NDB) has announced robust financial results for the nine months ending 30 September 2024, highlighting its resilience and strategic adaptability in an improving economic landscape. NDB Director/CEO Kelum Edirisinghe stated, “The positive trend in Net Interest Margins (NIMs), cost efficiency, and credit quality reflects our focused strategy to enhance shareholder
JAT Holdings PLC reported a robust 67% growth in Profit After Tax (PAT) for the first half of FY 2024/25, reaching Rs. 512 million by September 30, 2024. This growth comes amidst challenging conditions in Bangladesh and the Maldives, demonstrating the company’s resilience and commitment to delivering value to stakeholders. The Group’s Sri Lanka operations
Port City Colombo, a visionary Special Economic Zone (SEZ) focused on the export of modern services, recently represented Sri Lanka at the Commonwealth Business Forum 2024 held in Apia, Samoa, from October 23-24. As a strategic partner of the Commonwealth Enterprise and Investment Council (CWEIC), Port City Colombo engaged in discussions on sustainable growth with
The Sri Lanka-Canada Business Council (SLCBC) held a crucial briefing with Prime Minister Dr. Harini Amarasuriya on October 10, 2024, in Colombo, as part of their preparations for an upcoming mission to Canada. During the session, the SLCBC delegation outlined their key goals to strengthen trade, investment, and economic ties between Sri Lanka and Canada.
The Ceylon Chamber of Commerce has unveiled its groundbreaking policy document, ‘Vision 2030,’ which outlines a strategic plan for Sri Lanka’s sustainable and inclusive development by 2030. The document was first presented to President Ranil Wickremesinghe and will also be shared with political leaders, the Central Bank Governor, and the Treasury Secretary to encourage a
Adani Power Ltd. (APL), part of the Adani portfolio, has announced its performance for the first quarter ending June 30, 2024. APL CEO S.B. Khyalia highlighted the company’s proactive approach to growth and sustainability. “As Adani Power advances, we are preparing for a resurgence in the thermal power sector by undertaking development activities for three