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EDB at 46: A Legacy of Transformative Progress
The 1st of August 2025 marks the 46th anniversary of the Sri Lanka Export Development Board (EDB), the country’s apex organization for export promotion and development. Established under the Sri Lanka Export Development Act No. 40 of 1979, the EDB plays a pivotal role in shaping a vibrant and diversified export sector, positioning Sri Lanka […]
Sunshine Holdings reports 11.6% YoY top-line growth in 1QFY26
• Consolidated revenue of LKR 15.9 billion • Healthcare revenue up 14.0% YoY to LKR 8.6 billion • Consumer revenue up 3.7% YoY to LKR 4.8 billion • Agribusiness revenue increased by 20.7% YoY to LKR 2.5 billion August 03, 2023: Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) delivered a resilient start to […]
Pan Asia Bank posts PAT of over Rs. 2.1Bn for 1H2025; Increase of 110-pct
Operating Profit before Taxes on Financial Services – Rs. 3.83 billion, up by 40% Profit before Tax – Rs. 2.91 billion, up by 46% Profit after Tax – Rs. 2.15 billion, up by 110% Total Assets grow by Rs. 18 billion, up by 7% Net Interest Income – Rs. 6.27 billion, up by 7% Net […]
US Lowers Tariffs on Sri Lankan Imports to 20-pct
The United States has once again lowered tariffs on goods imported from Sri Lanka, with the new rate set at 20%. This move, confirmed by the White House, follows an executive order signed by President Donald Trump that also revises tariffs for 40 other nations. The new tariff rate will come into effect on August […]
Opinion: Why Sri Lanka Should Be Ready for “B-READY”
In 2024, the global approach to measuring business climate saw a major transformation. The World Bank Group introduced the Business Ready (B-READY) Index, its new flagship report aimed at assessing the business and investment environment across countries. This index replaces the discontinued Ease of Doing Business (EoDB) report and brings with it a more robust, […]
High Commissioner Mahishini Colonne Presents Credentials To the Indian President Droupadi Murmu
High Commissioner of Sri Lanka to India, Mahishini Colonne, presented her credentials to the President of India, Droupadi Murmu, at the Rashtrapathi Bhavan in New Delhi on Tuesday 29 July 2025. The High Commissioner conveyed to President Murmu, the greetings and good wishes of President Anura Kumara Disanayaka. She recalled the visit of President Disanayaka […]
In 2023/24, 15-pct of SL students entering UK chose computing/IT, far above global average: report
A new report from ApplyBoard, a leading international student mobility platform, reveals that Sri Lankan students are playing a pivotal role in the evolving landscape of international education in the UK, particularly in the booming computing and IT sectors. The 2023/24 data highlights a significant trend: 15% of Sri Lankan students entering the UK chose […]
John Keells CG Auto responds to BYD vehicle claims, Reaffirms compliance and transparency
In response to recent public discourse surrounding a consignment of BYD electric vehicles held at Sri Lanka Customs, John Keells CG Auto (Pvt) Ltd (JKCG Auto), the official distributor of BYD in Sri Lanka, has issued a statement clarifying its position and reiterating its full compliance with all local regulatory requirements. The situation involves select […]
SLAEA hosts high-level forum on EU CSDDD: Strengthening sustainable trade through compliance
The Sri Lanka Apparel Exporters Association (SLAEA) hosted a high- level industry forum on July 9 at the Jetwing Hotel in Colombo 07, bringing together a diverse group of stakeholders to explore the growing relevance of the European Union’s Corporate Sustainability Due Diligence Directive (CSDDD). Designed to strengthen awareness and preparedness, the session focused on […]
JKH records strong performance in Q1 2025/26; EBITDA of Rs.12.97 billion
EBITDA includes interest income and the share of results of equity accounted investees which is based on the share of profit after tax but excludes all impacts from foreign currency exchange gains and losses (other than for equity accounted associates), to demonstrate the underlying cash operational performance of businesses. EBITDA (Rs.’000) Summarised below are the […]