Economy

CEB profit plungesto Rs. 3.58 billionin Q3 2025

Published

2 weeks ago

November 19, 2025

The Ceylon Electricity Board (CEB) has reported a significant drop in its financial performance, with profits for the third quarter of 2025 falling sharply to Rs. 3.58 billion, according to its latest financial statements.

This marks an 85% decline compared to the Rs. 24.58 billion profit recorded during the same quarter last year. The figure also reflects a 32.5% drop from the Rs. 5.31 billion profit earned in the second quarter of 2025.

Overall, the CEB has posted a net loss of Rs. 9.58 billion for the period from January to September 2025. This represents a 107% downturn compared to the substantial profit of Rs. 143.79 billion recorded during the corresponding period in 2024.

Economy

Tourist arrivals pass 2.1m for the first time in 2025

Published

1 day ago

December 5, 2025

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A total of 212,906 tourists have arrived in the country in the month of November, data from the Sri Lanka Tourism Development Authority (SLTDA) shows.

According to data released by the SLTDA, a total of 51,391 tourists have arrived from India which accounts to 24.1%. Furthermore, 24,953 persons from Russia, 16,915 from the United Kingdom, 14,518 from Germany and 9,384 Australian nationals have also visited Sri Lanka in the month of November.

Meanwhile, the number of tourists arrived in Sri Lanka in 2025 has increased to 2,103,593 with the release of the latest figures for November.

Among them, 474,796 individuals are from India, 191,742 from the UK, 158,593 from Russia, 131,259 from Germany, 121,671 from China and 101,771 are from France, the SLTDA noted.

Economy

Apple to support relief efforts in flood-hit Sri Lanka

Published

3 days ago

December 3, 2025

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Apple CEO Tim Cook has announced that the company will contribute to relief and rebuilding efforts across several Asian countries—including Sri Lanka—following days of severe flooding, landslides, and powerful winds.

Cook said that recent storms across Thailand, Indonesia, Malaysia, and Sri Lanka have devastated communities, extending the company’s condolences to all those affected.

Economy

Management Committee appointed for ‘Rebuilding Sri Lanka’ Fund

Published

5 days ago

December 1, 2025

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The Cabinet of Ministers has approved the establishment of the ‘Rebuilding Sri Lanka’ Fund, which aims to rebuild the country after the immense damage caused by Cyclone ‘Ditwa’, one of the worst natural disasters in Sri Lanka’s recent history.

The fund is to be established as a statutory fund under the Presidential Secretariat, and its Management Committee will comprise representatives from the government and private sectors.

Minister of Labour and Deputy Minister of Finance and Planning, Dr. Anil Jayantha Fernando, will serve as its Chairman, while Senior Additional Secretary to the President, G.M.R.D. Aponso will serve as the Convener of the Committee.

Other committee members include:

• President’s Special Envoy for Foreign Investment, Western Province Governor Hanif Yusoof
• Secretary to the Ministry of Finance, Dr. Harshana Suriyapperuma
• Senior Economic Advisor to the President, Duminda Hulangamuwa
• Director General of the Ministry of Foreign Affairs Sugeeshwara Gunawardena
• Chairman of the Hayles Group, Mohan Pandithage
• Chairman of John Keells Holdings (JKH), Krishan Balendra
• Deputy Chairman and Managing Director of Aitken Spence PLC, Dr. Parakrama Dissanayake
• Brandix Group CEO Ashroff Omar
• LOLC Executive Chairman Ishara Nanayakkara