Category Archives: Economy

People’s Bank records history with all-time profit of LKR 28 Bn in 1H

Peoples Bank Chairman Prof. Narada Fernando and Chief Executive Officer

COLOMBO, August 27, 2025 (ePRESS) – People’s Bank, Sri Lanka’s leading financial services provider, has announced a historic achievement with an all-time post-tax profit (PTP) of LKR 28 billion for the first half of 2025. For the period ending June 30, the Bank reported operating income of LKR 80.8 billion and a PTP of LKR…

Omega Line Toastmasters installs new leadership

Pic Omega Line Toastmasters Installs New Leadership at Ignite the Legacy Ceremony 1

NEGOMBO, Sri Lanka, August 27, 2025 (ePRESS)  – The Omega Line Toastmasters Club began a new chapter with the installation of its 2025/26 Executive Committee at a ceremony held at Jetwing Blue, Negombo, under the theme “Ignite the Legacy.” The event brought together distinguished guests including TM Felix Fernando, Charter President of the club and…

AB Mauri Lanka shines in Target Zero Safety Awards

AB

COLOMBO, Aug 26 (ePRESS) – AB Mauri Lanka has been recognised at the prestigious AB Mauri Global Target Zero Safety Awards 2023/24, winning in the Safety Performance category. The award highlights the company’s strong commitment to health and safety, with a focus on achieving zero accidents. AB Mauri Lanka has introduced many safety measures and…

Sri Lanka secures US$171 million CEAT investment to boost tyre exports

CEAT 1

COLOMBO, Sri Lanka, August 26, 2025 (ePRESS) – Sri Lanka’s manufacturing and export sector received a major boost as CEAT OHT Lanka (Private) Limited signed an agreement with the Board of Investment (BOI) to formalise a US$171 million investment — one of the largest recent inflows from India. The investment comes after CEAT Ltd. acquired…

Emirates extends US Open airline deal into 14th year

Emirates 1

DUBAI, Aug 25, 2025 (ePRESS) – Emirates has returned as the Official Airline of the US Open Grand Slam® tournament for the 14th consecutive year, strengthening its long-standing ties with world tennis and global fans. The Dubai-based airline will again offer premium hospitality, live match broadcasts, exclusive menus and community programmes during the two-week event,…

Debt-hit tycoon Anil Ambani faces new fraud inquiry in India

Anil

NEW DELHI, India, August 25, 2025 (ePRESS) – India’s national investigative agency has filed a criminal case against business tycoon Anil Ambani after a fraud complaint was made by the country’s biggest lender, the State Bank of India (SBI), officials said on Saturday. Anil Ambani, the younger brother of Asia’s richest man Mukesh Ambani, has…

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