Sri Lanka’s Economic Shift: Embracing State-Led Growth Amidst IMF Conditions
- 5opn1
- November 16, 2024
- Weekly Economic Review
- IMF Conditions, Sri Lanka’s Economic
- 0 Comments
Weekly Economic review
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President thanks voters after NPP”bulldozes” to massive win
- 5opn1
- November 15, 2024
- Political
- NPP”bulldozes”
- 0 Comments
President Anura Kumara Dissanayake thanked voters after the National People’s NPP ”bulldozed” itself to a massive win at the 2024 Parliament Elections.
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Australia continues to warn of risk of terror attacks in Sri Lanka
- 5opn1
- November 15, 2024
- News
- terror attacks in Sri Lanka
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Australia on Thursday continued to warn of a risk of terror attacks in Sri Lanka despite the US relaxing a similar warning.
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Strategic approach to digitise Government services
- 5opn1
- November 15, 2024
- Information technology
- Government services
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The Government has announced a new initiative to issue copies of birth, marriage, and death certificates to Sri Lankans living abroad through Sri Lankan embassies, aimed at providing greater convenience to the expatriate community.
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Five liquor companies to face licence suspension over unpaid taxes
- 5opn1
- November 15, 2024
- Business News
- liquor companies
- 0 Comments
The Attorney General has informed the Supreme Court that five liquor manufacturing companies, including the leading W. M. Mendis & Co., risk having their licences suspended if they fail to settle outstanding tax arrears by 30 November.
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Sri Lankans Economic sentiment shores up – survey
- 5opn1
- November 15, 2024
- News
- Sri Lankans Economic sentiment
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In its latest edition, leading business magazine LMD reports that “there’s been a surge of optimism following the recent Presidential Election.”
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Ex-ministers Manusha, Ramesh Pathirana lose their seats
- 5opn1
- November 15, 2024
- Political
- Manusha, Ramesh Pathirana
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Former Ministers Ramesh Pathirana and Manusha Nanayakkara have lost their seats in the Galle district in 2024 general election.
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Beedi industry doubles in size and threatens Sri Lanka’s economy
- 5opn1
- November 15, 2024
- Business News
- Beedi industry
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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 achieves financial recovery in Q3 2024
- 5opn1
- November 14, 2024
- Business News
- SLT-MOBITEL
- 0 Comments
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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BoC PBT up by 66%, deposit base increases to Rs. 4 Tn in 3Q-2024
- 5opn1
- November 14, 2024
- Banking and Financial
- BoC
- 0 Comments
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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