Tuesday, March 3, 2026

Iran Embassy in Colombo opens condolence book

The Iranian Embassy in Colombo said that a condolence book will remain at the residence of the Iranian Ambassador at No 222, Bauddhaloka Mawatha, Colombo 7, on 04, 05 and 06 March, from 10 am to 5 pm, each day, to express sympathy and solidarity with Iran in the wake of US-Israel air attacks that killed His Eminence Sayyed Ali Khamenei on 28 February.

The message of condolences may also be sent electronically to the Embassy’s email: iranemb.cmb@mfa.gov.ir



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Monday, March 2, 2026

SLT Group reports strong FY 2025 performance driven by cost savings and efficiency

The SLT Group reported substantial cost savings for the full year ended 31 December 2025, fuelling significant profit growth and demonstrating consistent execution throughout all key metrics. The strong performance was driven through disciplined expense management, reduced finance costs, and strategic operational improvements.

Group Performance

The SLT Group ended FY 2025 as a strong year, with substantial improvement in profitability. Profit After Tax (PAT) surged 221% versus the previous year to Rs. 10 billion, compared to Rs. 3.1 billion in FY 2024, sustained through cost savings, reduced finance costs, and steady revenue growth for fixed and mobile segments.

Group revenue grew 3% to Rs. 114.2 billion, with SLT PLC contributing a 2% increase and Mobitel reporting a stronger 5% growth. Operating expenses (excluding depreciation and amortization) was Rs. 72 billion, resulting in a 5.5% improvement in EBITDA to Rs. 42.2 billion and a 26.9% increase in operating profit to Rs. 14.2 billion.

Finance costs continued to decline as the Group reduced debt and benefited from lower interest rates, contributing to an 88% increase in Profit Before Tax to Rs. 11.3 billion. Group interest costs decreased 21% to Rs. 7,054 million, primarily attributable to finance cost reduction at SLT PLC.

Dr. Mothilal de Silva, Chairman of the SLT Group, commented, “The SLT Group’s financial performance for FY 2025 underscores the effectiveness of our strategic direction and the robustness of our operations. Through stringent cost management and prudent financial stewardship, we delivered significant improvements in profitability while simultaneously advancing both our fixed and mobile businesses. This performance reinforces our commitment to leveraging the momentum of 2025 to drive sustainable long-term growth and strengthen stakeholder confidence. I extend my sincere gratitude to all our stakeholders, particularly our loyal customers, for their continued trust, and to our employees for their dedication and outstanding resilience.



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Bill Clinton's surprising response when grilled Trump and Epstein - 'no sexual spin'



Videos of Bill and Hillary Clinton answering questions about Epstein have been released.

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Sunday, March 1, 2026

A world order defined by sheer madness

Monday 2nd March, 2026

We are witnessing a new world order that is anything but rules-based. The US has once again demonstrated that might is right. Big powers have placed themselves above international law and reduced the UN to a mere spectator.

US President Donald Trump has graduated from abductions to assassinations in dealing for foreign leaders he considers hostile. The US and Israel seem to think they have succeeded in engineering a regime collapse in Iran by assassinating Supreme Iranian Leader Ayatollah Ali Khamenei and scores of others in a series of air strikes on Saturday. Those killings must be condemned unreservedly. President Trump has audaciously claimed in a social media post that a wicked man was eliminated. The question is whether those who ordered Saturday’s air strikes, killing many Iranian civilians, including schoolgirls, can consider themselves any less wicked.

If history is anything to go by, air strikes alone cannot bring down long-established systems, and there is no guarantee that the toppling of a repressive regime always yields positive results and helps bring order out of chaos. Iraq and Libya may serve as examples. They remain fragmented and are in a far worse situation than they were under Saddam Hussain and Muammar Gadhafi respectively. The US and its allies plunged those two countries into anarchy in the name of eliminating repressive regimes.

The US and Israel are accused of waging a diversionary war for the benefit of President Trump and Israeli Prime Minister Benjamin Netanyahu. Both of them are facing scandals at home. Trump is troubled by a renewed scrutiny of the Epstein files and a Supreme Court judgment preventing him from imposing tariffs according to his whims and fancies. Netanyahu is facing bribery and fraud charges, and will be in serious trouble if voted out of power. He has to cling on to power at any cost. Fighting wars purportedly to save Israel seems to be the only way he thinks he can keep his political enemies at bay at home.

Iran has threatened to destroy Israel and the US, but its military capabilities are limited, as is known to military experts. It would never have taken on the US militarily or done anything fraught with the danger of triggering disproportionate military retaliation. It has been nowhere near developing nuclear weapons. The casus belli that Trump and Netanyahu used to attack Iran reminds us of the falsified intelligence dossiers President George W. Bush and British Prime Minister Tony Blair unashamedly produced in a bid to justify the invasion of Iraq. They said Saddam Hussain had stockpiled weapons of mass destruction, but they could not trace any.

The current Iranian regime, whose crackdown on protesters claimed thousands of lives, has weakened international opposition to US aggression significantly. However, some prominent Democrats have already condemned Trump’s bombing spree. U.S. Senator Tammy Baldwin has pointed out that Trump’s military action is illegal in that according to the US Constitution, if the President wants to start a war, the Congress, elected by the people, needs to sign off on it. He has said the Senate needs to come back immediately to vote on Trump’s senseless and illegal bombings. The Republicans have defended Trump’s military aggression, claiming that it is in the interests of the Iranian people.

One can only hope that the US Congress and judiciary will make Trump act with restraint.

****

Adopt QR remedy

The escalation of the Middle East conflict has triggered panic buying of fuel in Sri Lanka. Long lines of vehicles could be seen near fuel stations in various parts of the country at the time of going to press. The Ceylon Petroleum Corporation (CPC) had to step up fuel supply yesterday while claiming to have fuel stocks sufficient for more than one month and urging the public not to panic. The raging conflict is bound to affect the global fuel supply, and this is why Sri Lankans have panicked.

There is no reason to doubt the veracity of the CPC’s claim that it has sufficient fuel stocks, but panic buyers are impervious to reason. Unless hoarders are kept at bay, the CPC will run out of its stocks soon. One may recall that during the 2022 economic crisis, pumps ran dry at most filling stations mainly due to excessive hoarding. Rationing helped bring the situation under control.

The only way to stem the current wave of panic buying of fuel is to activate the QR-based fuel issuance system. Unless the government adopts that method forthwith and arrests panic buying, hoarders will have a field day and create a fuel shortage.



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Saturday, February 28, 2026

Hilton Colombo Welcomes Ramadan with ‘A Middle Eastern Flair’

“Middle Eastern Hair” hosted at Graze Kitchen’ and features an Iftar Buffet inspired classic Middle Eastern dishes until March 18th. Hilton Colombo has brought the magic of the Middle East to the heart of the city, its latest culinary celebrations. Tender lamb Kabsa, infused with spices, and other delicacies treat the visitor in a traditional Middle Eastern way. Every detail anticipates every need – reflecting the generosity and grace central to Middle Eastern cuture.

Hilton Colombo invites guests to observe the season of Ramadan with ‘A Middle Eastern Flair,’ a specially curated Iftar celebration taking place until 18 March 2026 at Graze Kitchen. Inspired by the time-honoured traditions of the Middle East, this month-long showcase brings together authentic flavors, generous hospitality, and the spirit of togetherness that defines the Holy month. At Graze Kitchen, the Iftar buffet will be available daily from 6:00 pm to 11:00 pm, priced at Rs. 10,888 nett per adult and Rs. 5,444 nett per child (6–11 years). The lavish spread features an array of mezze, fragrant rice dishes, slow-cooked specialties, and indulgent desserts. Signature highlights include Lamb Kabsa with Vegetables, Braised Ouzi with Khalta Rice, Meat-Stuffed Artichokes, Cheese and Meat Sambousek, Jordanian Maqluba, and traditional Kunafa.

Complementing the dining experience at Graze Kitchen, CafĂ© Kai presents ‘Iftar, Brought to You’, a specially curated Middle Eastern selection available throughout the promotional period, featuring Iftar Sawan, Biriyani, varieties of hummus, stuffed dates, baklava, and Turkish delight—perfect for sharing with family or taking home.

Commenting on the initiative, Manesh Fernando, Area General Manager for Hilton Sri Lanka and General Manager of Hilton Colombo, said, “‘A Middle Eastern Flair’ reflects our commitment to honoring cultural traditions through authentic culinary storytelling. This Ramadan, we are delighted to bring guests together over flavors that celebrate heritage, generosity, and the joy of sharing a meal.”For reservations or more information, guests may contact +94 11 2492 448.



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Friday, February 27, 2026

Nations Trust Bank records a strong FY2025 with a PAT of LKR 19.3 bn

Nations Trust Bank PLC (NTB) delivered a strong end to the financial year, reporting robust financial results for the 12 months ending 31 December 2025, with a Profit After Tax (PAT) of LKR 19.3Bn, reflecting a 15% yearonyear growth. The Bank’s performance was driven by healthy asset growth, resilient Net Interest Margins (NIMs) and disciplined risk management, reflected in a low Net Stage 3 Ratio of 0.91%. A strong capital base underpinned this momentum, with a Return on Equity (ROE) of 21.86%, highlighting the Bank’s strategic success and its readiness to pursue the next phase of growth.



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Trump health fears soar as Republicans reveal concerns - 'he's become erratic with age'



The US President has been accused by critics of slowing down in his old age and declining mentally.

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