NDB Delivers Solid Profits Amidst Gradually Reviving Economic Conditions
Sriyan Cooray, Chairman, NDB. Kelum Edirisinghe, Director/CEO, NDB. National Development Bank (NDB) reported resilient performance for the nine months ended ...
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NSB Continued to Prove its Resilience within an Economic Shudder
NSB demonstrated its mettle by recording a Profit after Tax (PAT) of 7.2 billion rupees for the fiscal year ended ...
President Wickremesinghe pledges Digital Transformation for Poverty Reduction and Educational Reform
March 26, 2024. President Ranil Wickremesinghe. President Ranil Wickremesinghe highlighted Sri Lanka’s commitment to agricultural modernization and emphasized the nation’s ...
Larry Summers and Eric Schmidt on Technology and the Global Economy at FII PRIORITY 2024
February 22, 2024 Larry Summers and Eric Schmidt discussed technology and the Global Economy at FII PRIORITY Miami. Larry Summers, Former ...
Eastern Development Projects’ Success Crucial for Solving National Debt Crisis
March 19, 2024 Senthil Thondaman, Eastern Province Governor. The Governor of the Eastern Province, Senthil Thondaman, emphasized the importance of ...
Hayleys Fentons – Flight to Excellence
Hasith Prematillake, Managing Director, Hayleys Fentons. Merging two legacy businesses of over a century, the association of Fentons and Hayleys ...
Cartoonists’ Depictions of the President’s Role
Wajira Abeywardana presenting the book to President Ranil Wickremesinghe. A book launch titled Press Vs. Prez was dedicated to President ...
Blockchain Mentions Drop 80% in Earnings Calls Over Last Two Years as Executives Turn Attention to AI
March 11, 2024. Edith Muthoni. Blockchain, hailed as a revolutionary technology with the potential to disrupt various sectors, seems to ...
iPhone Sales Constitute Over 58% of Apple’s Revenue in Q1 2024, Highest Levels Since Q1 2021
March 12, 2024. Edith Muthoni Apple’s flagship product line, iPhone sales, has once again taken the lead as the primary ...
PayPal Experiences a Significant 60% Decline in Annual Revenue Growth in the Last Three Years
March 13, 2024. Edith Muthoni Fintech giant PayPal Holdings has seen a significant slowdown in its annual revenue growth over ...
Switzerland, the United States, and New Zealand have the Most Expensive Mobile Internet, with Prices Twice Higher than the Global Average
March 17, 2024. Jastra Kranjec. Last year, over 96% of all internet users worldwide used a smartphone for web browsing, ...
Taiwan and Ireland Lead in Mobile Payments, with over 40 percent of Population Using the Service Each Month
March 17, 2024. AltIndex.com Since 2019, almost 800 million people worldwide have embraced mobile payments, pushing the total user count ...
The World Economy Has Lost Over $50 Billion Due to Internet Shutdowns in the Past Five Years
March 18, 2024. Jastra Kranjec Last year, almost 750 million people worldwide were affected by government-caused internet blockages and shutdowns. ...
China Assures Continuous Support to Debt Restructuring Process in Sri Lanka
March 27, 2024 Prime Minister Dinesh Gunawardena and Chinese Prime Minister Li Qiang. During a high-level bilateral talk held in ...
Chinese Companies Made up 23 percent of US 2023 IPO Listings
March 27, 2024. Edith Muthoni Chinese firms have been consistently attracted to the US stock exchange market owing to their ...
Digital Bank Deposits Poised to Surpass $20 Trillion by Year’s End and $30 Trillion by 2028
February 28, 2024. Edith Muthoni. Digital banking has become a favored choice among consumers, revolutionizing the way people manage their ...
Global Disparities between Developing and Developed Nations have grown due to Technology Gaps and concerns of Weapons of Mass Destruction
President Ranil Wickremesinghe with several heads of state. President Ranil Wickremesinghe commended President Yoweri Museveni for assuming leadership at the ...
Labor Market Trends
Mere numbers may not be the easiest way to gauge the health of Sri Lanka’s labor market. However, recent data ...
Mark Zuckerberg’s Companies fined $2.8 billion for wrongful User Data Processing
Europe’s General Data Protection Regulation (GDPR) has earned a global reputation as one of the most stringent privacy and security ...
Banks to hit $5.8T in Net Interest Income this year, the highest figure in the market’s history
January 23, 2024. Jastra Kranjec Despite growing much slower than in previous years, the net interest income in the global ...
The BRI and Sri Lanka’s Future through the President’s Lens
China’s third Belt and Road Forum for International Cooperation got underway in October 2023 after a three-year lull which saw ...
World’s five youngest moguls control $12.3 billion fortune; Who are they?
In an era where youthfulness and innovation are highly prized, a new breed of business tycoons has emerged globally. These ...
The Number of Bitcoin ATMs Plunged by Almost 7,000 Year-to-Date, the Biggest Drop in the Market’s History
Although 2023 gave the crypto world a fresh start and brought optimism back to the market, Bitcoin ATMs continue losing ...
President Xi Jinping at the Third Belt and Road Forum for International Cooperation
Chinese President Xi Jinping. Your Excellencies Heads of State and Government, Heads of International Organizations, Representatives of Various Countries, Distinguished ...
President Ranil Wickremesinghe meets Chinese President Xi Jinping
President Ranil Wickremesinghe and Chinese President Xi Jinping. President Xi Jinping of the People’s Republic of China stated that China ...
Pan Asia Bank posts Steady Performance in Nine-Month Period in 2023
Pan Asia Bank reflected a steady performance amidst a multitude of adversities emerging from challenging macro-economic conditions as the Bank ...
Jerome H. Powell at the Economic Club of New York
Jerome Powell, Fed Chair. Before our discussion, I will take a few minutes to discuss recent economic data and the ...
Indian External Affairs Minister meets President Ranil Wickremesinghe
President Ranil Wickremesinghe and Dr. S. Jaishankar, Indian Minister of External Affairs. India’s Minister of External Affairs, Dr. S. Jaishankar ...
India: Frontiers of Central Banking in Asia
During the World Bank Group – International Monetary Fund Annual Meetings in October 2023 in Marrakech, Morocco, among some of ...
Combined Earnings of the Largest Oil and Gas Companies
Asharp decline in gas demand and lower oil prices have significantly cut down profits of the world’s oil and gas ...
