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Business Today Sri Lanka Magazine - June 2025

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In this issue

According to Forbes magazine’s real-time list of the world’s wealthiest people for 2025, there are more women billionaires than ever before. Still, women are barely 13.5 percent of the entire list.

After three years of impressive double-digit growth and a surge in global travel spending following the COVID-19 lockdowns, the market continues to expand, though more modestly.

The meteoric rise of companies like Nvidia and Supermicro has turned stock investing into a gold rush with the promise of staggering returns. With online brokerage platforms and commission-free trading, buying and selling shares seems simple and quick, which has opened the markets to millions of new investors, many with little experience or understanding of the risks involved.

With its signature mix of mind-bending innovation and heart-piercing humanity, TED2025 was not just about ‘ideas worth spreading’— it was about ideas that could quite literally reshape the future of civilization.

ChatGPT consumes a lot of energy in the process, reportedly nearly ten times more than traditional Google searches.

HNB Group demonstrate resilience and growth momentum

HNB continued its growth trajectory in Q1 2025, achieving a year-over-year (YoY) growth of 49 percent in Group Profit After Tax (PAT) and a remarkable 64 percent growth in Bank PAT.

2 mins

Travel and Tourism Revenue Growth slows to five-year low at just 4.4 percent in 2025

After three years of impressive double-digit growth and a surge in global travel spending following the COVID-19 lockdowns, the market continues to expand, though more modestly.

2 mins

Commercial Bank ends First Quarter with three trillion rupees

The Commercial Bank of Ceylon Group has started 2025 strongly, achieving significant profit and balance sheet growth in Q1.

3 mins

Stock Trading Interest around the World: Countries Googling the most about Buying, Selling, or Investing in Stocks in 2025

The meteoric rise of companies like Nvidia and Supermicro has turned stock investing into a gold rush with the promise of staggering returns.

8 mins

BOC reports a Pre-tax profit of 30 billion rupees

Bank of Ceylon showed strong performance in first quarter of 2025, ensuring financial stability and prudent risk management aligned with national economic priorities.

2 mins

TED2025: When Intelligence meets Imagination

Sam Altman, Al's Ethical Reckoning, and the Ideas Shaping Tomorrow's World

3 mins

SLT-MOBITEL partners with the Online Entrepreneurs Club of Sri Lanka

SLT-MOBITEL and the Online Entrepreneurs Club of Sri Lanka (OECSL) signed a partnership to boost digital entrepreneurship nationwide.

1 mins

DFCC Bank delivers resilient, purpose-driven performance

DFCC Bank reported strong financial results in first quarter of 2025, with notable growth in loans and deposits.

2 mins

Dogecoin millionaire count soars as Musk to step back from D.O.G.E

March 31 Finbold report found that Elon Musk’s tenure with the Department of Government Efficiency (D.O.G.E.) coincided with a 40 percent decline in the number of Dogecoin (DOGE) millionaire addresses, with the billionaire’s historical influence on the meme coin hinting at causation rather than mere correlation.

2 mins

Bank of Ceylon presents 2024 Annual Report

The Bank of Ceylon (BOC) has officially presented its Annual Report for the year 2024, emphasizing its commitment to transparency and financial management.

1 mins

People's Leasing celebrates 29 years of trust built on relationships

People's Leasing, a leading non-bank finance institute, proudly marks its 29th anniversary on May 31, 2025. Since its inception in 1996, the company has grown from humble beginnings into one of the most respected and innovative non-banking financial institutions in the country.

1 mins

Tesla sold just 600 vehicles per day in Europe during First Quarter of 2025

Although Tesla's (NASDAQ: TSLA) stock price has rallied after the report, the electric vehicle (EV) maker's actual Q1 2025 performance tells a different story.

2 mins

NDB Pre-tax profits surge by 118 percent to four billion rupees

National Development Bank (NDB) released its financial results for the three months ended March 31, 2025 (1Q 2025) reflecting solid growth in line with the revival of economic activity and rising private sector credit demand.

2 mins

Al's Power Demand: Calculating ChatGPT's Electricity Consumption for Handling over 365 billion User Queries Every Year

AI startup OpenAl recently revealed that its groundbreaking chatbot, ChatGPT, has reached 300 million weekly active users, doubling the number it had in September 2023.

7 mins

Pan Asia Bank continues to excel with a PAT of over one billion rupees

Pan Asia Banking Corporation reported a 180 percent increase in Profit After Tax (PAT) for first quarter of 2025, reaching 1.02 billion rupees.

2 mins

Over USD 1.77 billion stolen in crypto hacks in First Quarter of 2025

Following a string of staggering cryptocurrency hacks between January 1 and March 31, 2025 promises to be a particularly damaging year in terms of digital asset theft.

2 mins

SLT-MOBITEL surges ahead with robust growth in the First Quarter of 2025

The SLT Group reported a Profit After Tax (PAT) of 2,001 million rupees for the first quarter ending March 31, 2025.

2 mins

The world spent USD 8.5 trillion on IT devices in a decade, more than Germany and the UK's economies combined

Every year, consumers and businesses pour staggering amounts of money into IT devices-desktop PCs, laptops, tablets, mobile phones, and printers.

2 mins

How much is LeBron James' initial USD 6.5 million investment in Liverpool FC worth today?

NBA star LeBron James' initial USD 6.5 million investment in English Premier League side Liverpool Football Club would now be worth over USD 100 million in less than 15 years, fueled by the team's success both on and off the pitch, including trophy wins and major commercial growth.

1 mins

Kavinda de Zoysa appointed Chairman of Bank of Ceylon UK

Bank of Ceylon (UK) has appointed Kavinda de Zoysa as its new Chairman, following the necessary approvals from the appropriate financial regulatory authorities in the United Kingdom.

1 mins

Read all Stories from Business Today Sri Lanka

Business Today Sri Lanka Magazine Description:

Publisher: BT-Options

Category: Business

Language: English

Frequency: Monthly

The magazine of the corporate world, Business Today features an interesting line-up of interviews with eminent personalities who impact the corporate, commercial and economic sectors. The monthly magazine also includes exclusive articles syndicated from the Harvard Business Review and Financial Times. It has also featured the monthly columns by Richard Branson and Howard Schultz. International interviews featured include Sir Richard Branson, Paul Allen, Howard Schultz, Omar Bin Laden and Sir Jonathan Ive. Articles penned by President Barack Obama and Vice President Joe Biden Jr. have also been featured in the magazine.