CATEGORIES

India leads the World in Business Trust, Surpassing the United States and Europe by 30 percent

While the United States boasts the world's largest and most valuable companies in technology, finance, and healthcare, Japan shines as a leader in automotive, electronics, and industrial manufacturing, and Germany is known for engineering, automotive, and industrial manufacturing excellence, none of these countries come close to India when it comes to business trust.

Sri Lanka Ready to Open Markets for India: President Anura Kumara Dissanayake at the India-Sri Lanka Business Forum

President of Sri Lanka, Anura Kumara Dissanayake, and Piyush Goyal, Minister of Commerce & Industry, Government of India, addressed the India-Sri Lanka Business Forum in New Delhi. The event, held during President Dissanayake's State Visit to India, brought together key stakeholders to explore opportunities for economic collaboration and investment between the two nations.

China's Women in Charge

The document titled \"China's T FINN Women in Charge\" by ILTM Asia Pacific in collaboration with Partners provides a comprehensive analysis of the travel preferences and behaviors of affluent female Chinese travelers. This study highlights significant trends shaping the luxury travel market in China, driven by the preferences and priorities of wealthy, independent women.

People's Leasing & Finance Delivers Exceptional 42.4 Percent Profit Growth for First Half FY 2024/25

People's Leasing & Finance has once again strengthened its reputation as one of Sri Lanka's leading Non-Banking Financial services providers, delivering an impressive financial performance for the first six months of FY 2024/25, ending September 30, 2024.

Leading Idea Group to New Heights

In March 2024, Dilhani Weerarathna rejoined Idea Group as its CEO during a challenging period. Her leadership has been pivotal in placing the company on a sustainable growth trajectory. Her entrepreneurial spirit, unyielding determination, and deep commitment shaped her remarkable journey from accounts executive to CEO. Today, under her guidance, Idea Group is on the path to achieving long-term success and expansion. Speaking with Business Today, Dilhani Weerarathna said that Idea Group has demonstrated the power of positive thinking, innovation, and hands-on leadership. With her vision and unwavering commitment, Idea Group is well on its way to becoming a leading player in Sri Lanka's construction industry, poised for even greater success in the future.

Vallibel Finance: Surpassing Rupees 100 Billion Milestone

Vallibel Finance, a prime example of rapid growth and dynamism, has recently surpassed a milestone by achieving over 100 billion rupees in assets.

SoftBank's USD 100 Billion Investment in the U.S.

In December 2024, Masayoshi Son, CEO of Japan's SoftBank Group, announced a groundbreaking USD 100 billion investment in U.S. technology and infrastructure. The announcement, made alongside former President Donald Trump at Mar-a-Lago, captured international attention for its scale and potential economic impact.

Jerome Fernando: a Preacher who Captivates, Heals, and Inspires

Jerome Fernando is a Christian leader with many titles, and his name is widely recognized. Known as a preacher in the spotlight, he has faced his share of criticism, but has never wavered or stopped delivering his message. Jerome claims to speak directly to people's hearts, and his greatest strength lies in his ability to remain relevant. He goes beyond just words, reaching out to heal and meet the needs of those who listen.

HNB records a Group PBT of 38.7 billion rupees for the first nine months of 2024

HNB Group recorded a PAT of 23.7 billion rupees growing by 26 percent YoY, while the Bank's Profit After Tax increased by 34 percent YoY to 22.2 billion rupees for the nine months ended September 2024.

Donald Trump's AmericaFest Speech: Rallying the 'America First' Vision for His Second Term

The speech took place against the backdrop of a highly energized crowd of young conservatives, energized by Turning Point USA (TPUSA), a key supporter of Trump's political campaigns. The audience of over 12,000 attendees symbolized the growing influence of youth activism in conservative politics.

India-Sri Lanka Joint Statement: Fostering Partnerships for a Shared Future

Prime Minister of India, Narendra Modi, and President of Sri Lanka, Anura Kumara Dissanayake, held comprehensive discussions during the latter's State Visit to New Delhi. The talks reaffirmed the deep-rooted cultural, geographical, and people-to-people ties that form the foundation of the bilateral partnership.

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.