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LOLC Group achieves first-ever historic profitability in Sri Lanka’s corporate sector, recording a stunning Rs. 57 Bn in PBT
May, 31, 2021
Sri Lanka’s most valuable and globally diversified financial conglomerate, the LOLC Group, posted a record-breaking performance for the financial year ending 31st March 2021, achieving unprecedented bottom line results of Rs. 57Bn in Profit Before Tax (PBT), and a Profit After Tax (PAT) of Rs. 53Bn - a first for any corporate in the country. By achieving profits on this massive scale in the history of Sri Lanka’s corporate world, the Group once again consolidated its position as the top most profitable diversified corporate in the country, three years in a row - establishing LOLC as one of the largest Micro and Small & Medium Enterprises (MSME) platforms in the world.
Sharks on a knife’s edge as Maldives mulls lifting 10-year fishing ban
Eleven years ago, the Maldives created a 90,000-square-kilometer (34,750-square-mile) sanctuary that banned shark fishing, but fisheries minister Zaha Waheed said recently that the government may be planning to lift the ban.
Conservationists say reopening shark fisheries in the Maldives would have devastating effects on shark populations and adversely affect tourism, which brings millions of dollars into the country each year.
There are unofficial reports the Maldivian government will not be lifting the shark fishing ban, possibly in response to the local and international outcry.
But a local expert says there are still grounds for concern if long-line fisheries are allowed to operate in the shark sanctuary, or if a legislative loophole is introduced that would allow shark fishing to recommence in some capacity.
Diving holidays in The Maldives
Published 23 seconds ago
We are delighted to welcome Ruth Franklin of Secret Paradise Maldives as a Guest Blogger. Over the coming weeks she will be sharing her personal, expert knowledge of this leading dive destination…
Life beneath the surface in the Maldives is an underwater Disneyland, perfect for dive enthusiasts. The Maldives is renowned as being one of the very best diving holiday locations in the world. There’s not only an abundance of reef life here but also spectacular coloured coral and crystal clear water.
WHY CHOOSE THE MALDIVES FOR YOUR DIVING HOLIDAY?
The Maldives ticks all of the boxes when it comes to diving holidays. This tropical location boasts visibility levels of up to 40 metres, making it a great destination for advanced divers. However diving holidays in the Maldives are not just for the experienced. The shallow lagoons and channels make it the perfect location to try SCUBA diving for the very first time. Plus what be
24 February 2021 11:00 Travel
Parisa Hashempour
If you are looking to escape this winter, what better way to spend it sitting beneath the midday Maldivian sun and sipping on the traditional drink of sai? As a place renowned for its powers of relaxation, the Maldives’ white sand beaches and crystal clear waters are there to melt away the stresses of everyday life.
Photo: @seefromtheskyThe tranquil paradise of the Maldives is a must-visit for those wishing to retreat with close family and friends to a quiet and pandemic-proof corner of the earth. Of course, there’s no better way to see the Maldives than by boat – and the team at Exmar Yachting have the perfect fleet to do so.