CATEGORIES

Argentina Rebounds: Record USD 888M Trade Surplus Marks Economic Turnaround

In October 2024, Argentina recorded a remarkable trade surplus of USD 888 million, marking a significant recovery from the USD 442 million trade deficit in October 2023. This shift in trade dynamics underscores Argentina's economic resilience and the effectiveness of recent policy measures aimed at bolstering exports and managing imports.

Global Logistics Costs to Grow by 12 percent and hit USD 14.4 Trillion by 2029

AIthough companies actively work to reduce logistics costs, they remain a significant expense on their income statements. In 2024, businesses across the globe collectively spent USD 12.8 trillion on logistics, USD 330 billion more than last year, and this massive figure will become even bigger in the next five years.

Heart To Heart Trust Fund: Saving Lives for a Decade

As the Heart To Heart Trust Fund celebrates a decade of transforming lives, it remains a testament to the power of community, compassion, and unwavering dedication.

Driving Sustainable Finance: The Partnership Between the IMF, the World Bank, and Bloomberg Philanthropies

In an era where sustainable development is no longer a choice but a necessity, the International Monetary Fund (IMF) and the World Bank are pioneering a new path in global finance. With the support of Bloomberg Philanthropies, their joint efforts are not just transforming economies but reshaping how the world views sustainable growth. As IMF Managing Director Kristalina Georgieva succinctly put it, \"This is how we do it\" a bold declaration of leadership and action in the face of unprecedented global challenges.

Trump Victory fuels 40 percent Surge in Dogecoin Millionaires

Following Donald Trump's 2024 presidential victory, Dogecoin (DOGE) experienced a significant boost, both in price and in the number of millionaire wallets.

President Dissanayake Urges IMF to Strike a Balance in Economic Recovery Program

The Government of President Anura Kumara Dissanayake reaffirmed its readiness to collaborate with the International Monetary Fund (IMF) to advance Sri Lanka's economic recovery within the context of the mandate. Peter Breuer, Senior Mission Chief and the IMF delegation met with President Dissanayake and key ministers of the newly-formed government at the Presidential Secretariat, to discuss the next steps in the IMF program.

Historic Donald Trump Comeback Creates Over 11,000 new Bitcoin Millionaires

While Bitcoin (BTC) attempted a breakout already as Americans were casting their ballots, the true rally came once President-Elect Donald Trump's lead in the electoral college started becoming overwhelming.

Responsibility at the Heart of Power: President Dissanayake's Call to Action for Ministers

The Weight of Responsibility - President Dissanayake highlighted the importance of wielding the immense power granted to ministers with responsibility. He reminded the new Cabinet Ministers that their victory marks the beginning of a collective journey toward uplifting the nation.

BOC PBT is up by 66 percent in Third Quarter of 2024

In the first nine months of 2024, the Bank of Ceylon skillfully navigated Sri Lanka's complex economic terrain. The Bank achieved a remarkable Profit Before Tax (PBT) of 37.6 billion rupees, a substantial 66 percent increase over the same period in the previous year. This exceptional performance highlights the Bank's resilience and adaptability in the face of volatile market conditions and numerous challenges.

Top Trends Tourists Prioritize when Selecting a Destination

The tourism industry has experienced a fundamental shift in recent years, largely influenced by changing traveler preferences and new insights from Online Travel Agencies (OTAs), the World Tourism Organization (WTO), and digital channel managers. As destinations and providers look to cater to these evolving demands, understanding the primary trends is essential for tapping into the modern traveler mindset.

NDB Delivers Solid Profits Amidst Gradually Reviving Economic Conditions

National Development Bank (NDB) reported resilient performance for the nine months ended September 30, 2024, navigating challenges and optimizing emerging opportunities in a reviving economy.

Starlink: The Story Behind a Global Connectivity Revolution

A New Era in Internet Access

A New Era of Unity, Justice, and Transformation: President Anura Kumara Dissanayake's Vision for Sri Lanka

Historic Political Shift: ■ The new government represents a significant political transformation in Sri Lanka, breaking decades of dominance by two main camps.

SLT-MOBITEL Achieves Financial Recovery in the Third Quarter of 2024

SLT-MOBITEL Group has reported a Profit After Tax (PAT) of 1,093 million rupees for Q3 2024, compared to a loss of 1,543 million rupees for the same period last year, demonstrating a significant 171 percent turnaround in bottom-line performance.

Vision Care Expands Branch Network with New Wennappuwa City branch

Vision Care opened its newest branch in Wennappuwa, further expanding its network of accessible, top-quality vision care services across the country.

HNB Wins' Sri Lanka's Best Bank' and 'Sri Lanka's Best Bank for SMEs'

HNB was honored with the titles of 'Sri Lanka's Best Bank' and 'Sri Lanka's Best Bank for SMEs at the Euromoney Awards for Excellence 2024.

People's Bank 'People's Pay' App Now Offers Easy Access to CRIB 'My Report'

In the current fast-paced environment, the ability to promptly access vital information can greatly expedite financial transactions.

HNB Partners with John Keells CG Auto

HNB has strategically partnered with John Keells CG Auto (JKCG Auto) to offer innovative leasing solutions for their BYD vehicle range.

Pathfinder Foundation Presents Sinhala Translation of 'The India Way' to Dr. S. Jaishankar, External Affairs Minister of India

The Pathfinder Foundation presented the Sinhala translation of Dr. S. Jaishankar's seminal work, The India Way: Strategies for an Uncertain World, (ඉන්දීය. මාවත අවිනිශ්චිත ලෝකයක උපාය මාර්ග) to the visiting Indian External Affairs Minister during a ceremony in Colombo.

SLT-MOBITEL Nebula Institute of Technology recognized on Campus Chapter as the tenth IET

SLT-MOBITEL Institute Nebula of Technology, the education arm of SLTMOBITEL, has achieved a significant milestone by being recognized as the tenth IET on Campus Chapter.

People's Bank Relaunches Multiple Enhanced Services for Migrant Workers

People's Bank Celebrated World Children's Day by relaunching 'Ethera Udana Minors' Foreign Currency Account with new features.

EU Delegation Commits to Strengthen Sri Lanka-EU Relations, Extends Presidential Greetings from Key European Leaders

President Anura Kumara Dissanayake met with the European Union (EU) Delegation, led by EU Ambassador Carmen Moreno.

ADB Delegation Meets President Dissanayake, Pledges Continued Support for Sri Lanka's Economic Development

The Country Director of the Asian Development Bank (ADB) Resident Mission in Sri Lanka, Takafumi Kadono, along with a delegation, met with President Anura Kumara Dissanayake.

Sri Lanka Secures USD 200 Million from World Bank's IDA for Second Phase of RESET Program

The International Development Association (IDA) of the World Bank Group (WBG) has approved a USD 200 million financing package to support the second phase of Sri Lanka’s Resilience, Stability, and Economic Turnaround (RESET) Development Policy Financing (DPF) program.

Rising for Change

Hasith Gunasekara is the youngest candidate from the Samagi Jana Balawegaya (SJB).

Dialog Enterprise: Driving Digital Transformation in Sri Lanka

Dialog Enterprise, the business arm of Dialog Axiata Group, is a premier ICT Business Solutions Provider in Sri Lanka, leading the charge in digital transformation. In a recent conversation with Business Today, Navin Pieris, Group Chief Of F\cer at Dialog Enterprise, outlined the company's commitment to empowering businesses through innovative, tailor-made solutions. Focusing on organizations of all sizes, Dialog Enterprise offers a broad spectrum of services backed by a team of experts dedicated to customer success.

Your Dream Home Awaits with Pan Asia Bank

Pan Asia Bank is transforming the path to homeownership by offering customers more than just a loan - we deliver innovative, tailored solutions that make securing a home easier than ever.

People's Bank Receives ISO/IEC 27001:2022 Certification

People's Bank has become the first Domestic Systemically Important Bank (D-SIB) and state-owned bank in Sri Lanka to achieve the ISO/IEC 27001:2022 certification for its Information Security Management System (ISMS).

BUSINESS TODAY TOP 40 2023 - 2024

The Business Today TOP 40 for 2023/24 honors the exceptional resilience, innovation, and leadership of Sri Lanka's top-performing corporates.

NDB Posts Strong Profitability in the first half of 2024

National Development Bank continued to demonstrate strategic agility and resilience despite less-than-conducive operating conditions, as was reflected in its financial performance for the six months ended June 30, 2024. The Bank posted a pre-tax profit of 6.5 billion rupees for the period under review, an impressive growth of 58 percent, predominantly driven by healthy net interest income.