President Ranil Wickremesinghe Addresses G77 & China Summit in Cuba
Business Today Sri Lanka|October 2023
President Ranil Wickremesinghe delivered a compelling address at the Summit of the Heads of State and Government of the G77 & China in Havana, Cuba
President Ranil Wickremesinghe Addresses G77 & China Summit in Cuba

In his speech, President Ranil Wickremesinghe emphasized the crucial role of science, technology and innovation in overcoming the current development challenges faced by developing nations worldwide.

President Wickremesinghe began by commending Cuban President Miguel Diaz-Canel Bermudez for convening the summit and acknowledging Cuba’s historic role as a champion for the concerns and aspirations of developing nations within various multilateral forums.

He noted the unprecedented challenges confronting the global South, including the pandemic, climate change, food, fertilizer and energy crises, which threaten the achievement of Sustainable Development Goals (SDGs) and exacerbate the global debt crisis.

President Wickremesinghe then delved into the historical perspective of technological development, highlighting how Europe’s advancements in the 15th century, such as gunpowder, cannons and ocean-going ships, enabled it to conquer other parts of the world, resulting in the technological divide seen today.

Esta historia es de la edición October 2023 de Business Today Sri Lanka.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición October 2023 de Business Today Sri Lanka.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE BUSINESS TODAY SRI LANKAVer todo
NDB Posts Strong Profitability in the first half of 2024
Business Today Sri Lanka

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.

time-read
2 minutos  |
September 2024
BOC Concluded 22.4 billion PBT in First Half of 2024
Business Today Sri Lanka

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.

time-read
4 minutos  |
September 2024
Celebrating 24 Years of Empire Teas: A Journey of Dedication and Excellence
Business Today Sri Lanka

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.

time-read
1 min  |
September 2024
Tokyo Cement Group is off to an Optimistic start in the Financial Year 24/25
Business Today Sri Lanka

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.

time-read
2 minutos  |
September 2024
The Current State and Future Prospects of Cryptocurrency
Business Today Sri Lanka

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.

time-read
8 minutos  |
September 2024
SLT-MOBITEL reports Moderate Revenue Growth in the First Half of 2024
Business Today Sri Lanka

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.

time-read
2 minutos  |
September 2024
DFCC Bank's Strong Financial Performance
Business Today Sri Lanka

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.

time-read
2 minutos  |
September 2024
The National Savings Bank recorded a Profit before Tax 15 billion for the First Six Months of 2024
Business Today Sri Lanka

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.

time-read
2 minutos  |
September 2024
Pan Asia Bank posts Steady Performance
Business Today Sri Lanka

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.

time-read
2 minutos  |
September 2024
The Sinaloa Cartel: Rise, Fall, and the Enduring Influence of Mexico's Most Notorious Criminal Enterprise
Business Today Sri Lanka

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.

time-read
8 minutos  |
September 2024