While Sri Lanka has made notable progress in tobacco control, with policies reducing cigarette consumption, the unchecked growth of the beedi industry presents a mounting threat to the economy.
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SLT-MOBITEL Group has reported a Profit After Tax (PAT) of Rs. 1,093 million for Q3 2024, compared to a loss of Rs. 1,543 million for the same period last year, demonstrating a significant 171% turnaround in bottom-line performance.
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In the first nine months of 2024, Bank of Ceylon skillfully navigated Sri Lanka’s complex economic terrain. Despite intense competition and global economic headwinds, the Bank achieved a remarkable profit before tax (PBT) of Rs. 37.6 billion, a substantial 66% increase over the same period in the previous year. General Manager, Chief Executive Officer, Russel Fonseka emphasized, “Our robust financial …
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National Security Council Israel lowers threat level for Arugam Bay area from 4 to 2, after suspects arrested in connection to IRGC plot to kill Israelis Israeli authorities Wednesday eased a travel warning for Sri Lanka on Wednesday, some three weeks after cautioning tourists at a popular beach town of an imminent terrorist threat.
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Sri Lanka’s estate sector community is likely to receive significant multinational support, with the Japan International Cooperation Agency (JICA) looking to extend its assistance to improve the social and economic conditions of the estate communities.
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The government has planned to compile a detailed report on loans taken by Small and Medium-sized Enterprises (SMEs) across the country to help create relief measures for the businesses struggling with debt.
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Proposed country-specific industrial parks is aimed at addressing concerns around economic and political risks associated with single-market operations Effort expected to foster bilateral trade, reduce investment risk, and create new avenues for economic cooperation New BOI Chief points out inter-regional trade remains at negligible levels of around five percent of overall trade in the region, in contrast to the 32 …
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Sri Lanka is expected to rank among the world’s fastest-growing travel destinations in 2025, with tourism spending forecasted to increase by 40 percent, according to the 2024 WTM Global Travel Report, published in partnership with Tourism Economics.
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HVA Foods PLC, a member of the George Steuart Group, announces its exclusive distributor partnership with Müggenburg Group, Germany, a renowned family-owned company with over 80 years of expertise in high-quality herbs and botanicals.
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Sri Lanka’s foreign-exchange reserves surged by an impressive 81% year-on-year in October 2024, reaching USD 6.5 billion due to the support of its IMF program, according to Fitch Ratings.
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