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.

BOC Concluded 22.4 billion PBT in First Half of 2024

In the first half of 2024, Bank of Ceylon navigated the challenging landscape of the Sri Lankan economy with strategic foresight. Despite heightened competition and global economic uncertainties, BOC delivered a Profit Before Tax (PBT) of 22.4 billion rupees, a growth of 114 percent. This performance underscores the Bank's resilience and adaptability in an environment marked by fluctuating market conditions and challenges.

Celebrating 24 Years of Empire Teas: A Journey of Dedication and Excellence

Empire Teas celebrates its 24th anniversary with a remarkable journey that showcases the Company's shared vision, hard work, and unwavering dedication.

Tokyo Cement Group is off to an Optimistic start in the Financial Year 24/25

Tokyo Cement Group (Tokyo Cement) reported a turnover of 11,665 million rupees and a Profit After Tax (PAT) of 707 million rupees for the first quarter ended June 30, 2024.

The Current State and Future Prospects of Cryptocurrency

Cryptocurrency, a digital or virtual currency secured by cryptography, has rapidly evolved from a niche interest into a significant global financial instrument. With the emergence of thousands of different cryptocurrencies, the market has expanded and diversified, drawing attention from investors, governments, and technologists alike. As we stand at a pivotal moment in the development of cryptocurrency, this article explores the current state of the market, regulatory landscapes, technological advancements, and the challenges and future prospects that could shape the future of this dynamic industry.

SLT-MOBITEL reports Moderate Revenue Growth in the First Half of 2024

The company remains focused on leveraging its strategic initiatives to drive future growth and sustainability. With ongoing efforts to enhance operational efficiency and cost management, SLT-MOBITEL is well-positioned to navigate the evolving market landscape and deliver long-term value to its stakeholders.

DFCC Bank's Strong Financial Performance

DFCC Bank reported a Profit Before Tax (PBT) of 7,237 million rupees and a Profit After Tax (PAT) of 4,654 million rupees for June 30, 2024. The Group recorded a PBT of 8,342 million rupees and PAT of 5,739 million rupees for June 30, 2024 compared to 5,867 million rupees and 3,923 million rupees.

The National Savings Bank recorded a Profit before Tax 15 billion for the First Six Months of 2024

National Savings Bank had already surpassed the previous year's profit after Tax (PAT) by the second quarter of this year. The Bank registered a PBT of 15 billion for the six months of 2024, whereas the PAT for 2023 was 7.21 billion rupees.

Pan Asia Bank posts Steady Performance

Pan Asia Banking Corporation reported a steady performance reflecting improved macroeconomic conditions as the Bank reported its financial performance during the first half of 2024.

The Sinaloa Cartel: Rise, Fall, and the Enduring Influence of Mexico's Most Notorious Criminal Enterprise

In the annals of modern crime, few organizations have garnered as much infamy and fear as the Sinaloa Cartel. Founded in the mountainous regions of Sinaloa, Mexico, this cartel grew from humble beginnings to become one of the most powerful and violent drug trafficking organizations in the world. Its influence extends far beyond Mexico, affecting drug markets across the globe, from the United States to Europe, Asia, and even Africa. At the heart of this sprawling empire were two of the most elusive and feared men in the world: Joaquín \"El Chapo\" Guzmán and Ismael \"El Mayo\" Zambada. This comprehensive story charts the rise of the Sinaloa Cartel, the dramatic captures of its leaders, and the ongoing struggle for power within its ranks.

Google Search for 'buy gold' spikes 64 percent amid recession fears

Gold has been a particularly interesting asset since the start of 2024, thanks to its strong rally to a new all-time high and forecasts predicting it could rise to and beyond USD 3,000. However, interest in the commodity reached another level at the beginning of August.

Podi Hamuduruwo: Born to Lead

The name Podi Hamuduruwo evokes a sense of fondness towards its bearer, and it was rightly so with Venerable Galboda Gnanissara, the former chief incumbent of the Gangaramaya Temple in Hunupitiya Colombo, who passed away in August.

Conversations Across the Stratosphere

The setting was Mar-a-Lago, Florida - a luxurious estate glowing under the soft light of a warm evening. Inside, the grand ballroom hummed with the chatter of America's elite, gathered for an exclusive event \"X\", Aug 13, 2024. Among them were two men whose names were synonymous with power and influence: Elon Musk, the tech visionary behind Tesla and SpaceX, and Donald Trump, the 45th President of the United States and a business magnate.

DFCC Bank Marks Environment and Oceans Day with Dual Projects for Ecosystem Conservation

DFCC Bank marked World Environment Day and World Oceans Day with a Mangrove Restoration Project at Waikkal and a Reforestation Project at Riverston in the Knuckles Mountain range. DFCC aims to be 'The Bank for Green Finance'' by 2030 and were the first in Sri Lanka to receive Green Climate Fund accreditation.

NSB Felicitates Top Students of the Scholarship Exam with Hapan Scholarships

The National Savings Bank (NSB) felicitated the students who achieved the best marks in the island, in grade five Scholarship Examination 2023, with Hapan Scholarship Awards.

NDB Certified in Latest ISO 27001:2022 for Information Security Management

National Development Bank is the first Sri Lankan bank to be certified to the latest ISO 27001:2022 for its Information Security Management System (ISMS), reflecting its commitment to upholding global standards and protecting information assets.

Vision Care Showcases Latest Eye Care Technologies

Vision Care introduced its latest technologies and procedures for eye care at the Mini Congress organized by the College of Ophthalmologists of Sri Lanka. The event concluded successfully, attracting many local and international consultant ophthalmologists, doctors, and professionals in the field.

The True National Asset: The Youth, Not Failing State Enterprises

President Ranil Wickremesinghe stated that restructuring lossmaking public institutions will enable the government to allocate more resources to education and healthcare.

Each Apple worker now worth USD 22 million, 20 times more than Amazon's

Apple’s (AAPL) struggles in the initial months of 2024 have been swept away by a string of developments that helped the company reclaim the spot of the most valuable company in the world with a market capitalization of over USD 3.5 trillion.

The Business Sector Saw More than Half a Billion M&A Deals in the Past Decade

AIthough 2023 saw less than 40,000 mergers and acquisition (M&A) deals, considerably less than at the market peak in 2021, this figure still pushed the ten-year total to impressive highs.

The Country needs a Political Culture that Prioritizes National Interests over Traditional Politics

President Ranil Wickremesinghe emphasized the importance of a political culture that prioritizes the nation over traditional politics for the country’s advancement.

From Modest Beginnings to Global Leadership: Tim Cook's Journey and Vision for Apple

In an extraordinary interview, Apple CEO Tim Cook sits down with Dua Lipa for a revealing conversation about his life, leadership at the helm of the world's largest company, and his forward-thinking vision. This engaging dialogue offers a unique perspective on the daily responsibilities of a leader managing a USD 3 trillion enterprise, and explores Cook's personal history, core values, and ambitions for Apple's future.

Japan Ready to Resume Suspended Official Development Assistance Projects

Dr. IZUMI Hiroto, the head of the Japanese delegation visiting Sri Lanka, lauded the successful completion of the country's debt restructuring process, noting that it has paved the way for the resumption of Japanese Official Development Assistance (ODA) projects.

The Rise of India as a Global Economic Power

India, with its vast population and burgeoning economy, is rapidly emerging as a global economic power.

Navigating the Future: Sam Altman and Brian Chesky on AI and Societal Change

In a candid and insightful conversation moderated by Lester Holt, Sam Altman, CEO of OpenAI, and Brian Chesky, CEO of Airbnb, delved into the profound impact of artificial intelligence (AI) on society. This interview explored the rapid advancements in AI, the ethical considerations surrounding its use, and the future trajectory of this transformative technology.

President Ranil Wickremesinghe Inaugurates the University of Science and Technology in Batticaloa

President Ranil Wickremesinghe stated that the influence of threatening politics should eliminated from the university system to ensure that students can pursue their education freely.

BOC Empowers SME Export Entrepreneurs through Export Circle

In a significant move towards empowering SME exporters around the country, BOC has partnered with the Ceylon Chamber of Commerce (CCC) to conduct province-wise capacity-building programs for potential and existing export SME customers in all provinces.

Nirmala Sitharaman's Budget 2024: A Comprehensive Analysis

Finance Minister Nirmala Sitharaman presented the Union Budget for 2024 with a vision to propel India towards sustained economic growth while addressing key sectors such as agriculture, personal finance, infrastructure, tourism, social security, and international cooperation.

DFCC Bank and Mintpay Forge Ahead with an Innovative Partnership

DFCC Bank has forged a strategic alliance with Mintpay.

HNB and 3DH Building Solutions Collaborate

HNB entered into a fresh agreement with 3DH Building Solutions to promote and offer financing solutions for FMT Generators and GLARIE elevators.