MMBL-Pathfinder Group joint-venture foreign exchange earnings to top US$ 425 million this year
(Media Release – 2024/08/14) The MMBL-Pathfinder Group joint-venture portfolio of investments is expected to yield nearly US$ 425 million in foreign exchange to Sri Lanka in 2024, a significant increase from the US$ 250 million it earned in 2023. The MMBL-Pathfinder Group’s joint-venture investment portfolio consists of partnerships and strategic alliances with a wide network […]
Remittances to Sri Lanka via MMBL money transfer up 44% YoY
Worker remittances brought into Sri Lanka through the MMBL-Money Transfer network has witnessed a 44 percent growth to US$ 159. 3 million in the first half of 2024.MMBL-Money Transfer represented a 5 percent share of Sri Lanka’s total worker remittances and a 78 percent share of Western Union remittances to Sri Lanka during this period, […]
Worker Remittances: MMBL-Money Transfer Market Share grows to 5%
Worker Remittances: MMBL-Money Transfer Market Share grows to 5% Worker Remittances: MMBL-Money Transfer Market Share grows to 5% Worker remittances brought into Sri Lanka through the MMBL-Money Transfer network has witnessed a 44 percent growth to US$ 159. 3 million in the first half of 2024.MMBL-Money Transfer represented a 5 percent share of Sri Lanka’s […]
N. U. Jayawardena Charitable Trust donates electric motorcycles to St. Benedict’s College
(Media Release : 2022/10/09) The N. U. Jayawardena Charitable Trust donated two electric motorcycles to St. Benedict’s College, Colombo 13, to be used in the Technical Education Division of the school. These motorcycles were imported by the MMBL-pathfinder Group for a pilot project and are being donated after the completion of the initiative. Deshamanya N. […]
Cinnamon Air declares open new maintenance hangar at BIA
( Media Release – 20 December 2021 ) Cinnamon Air, Sri Lanka’s premier domestic airline and the only airline in the country to offer a scheduled flight service covering a wide range of popular tourist destinations, held the opening of its new aircraft maintenance hangar at the Bandaranaike International Airport (BIA). The new hangar is […]
Jetwing and MMBL-Pathfinder in a Premier Houseboat Joint Venture
( Media Release – 2021/08/08) Cruising the placid waters of the Benthara River, Yathra Houseboat by Jetwing is a pioneering hospitality venture by Sri Lanka’s premier hospitality brand – Jetwing Hotels and MMBL-Pathfinder. Inspired by the Kettuvallam, the wooden-hulled, thatched houseboats ferrying tourists along the rivers of Kerala, Yathra shares its concept with “padda” boats […]
A New Arrival at the Pathfinder Wildlife Preservation Centre
(Media Release – 2021/05/08) A newly hatched blue and gold macaw bred at the Pathfinder Wildlife Preservation Centre being attended to by a staff member Sisira Kumara. The Pathfinder Wildlife Preservation Centre has a comprehensive collection of rare macaws, cockatoos, lorikeets, and parrots from Southeast Asia, Africa, and Latin America. The collection also includes a […]
Pathfinder- Centennial launched to provide strategic advisory services to foreign and local investors
( Media Release – 2020/12/28 ) The MMBL-Pathfinder Group and the Washington DC based Centennial Group Holdings LLC., have launched a joint venture company for providing strategic advisory and project management services to policymakers as well as prospective foreign and local investors, with a view to attracting foreign investment and establishing new business ventures in […]
A tailor made future
Merchant Bank Limited (MMBL) is a Sri Lankan-American joint venture between the Pathfinder group of Sri Lanka and Denmar Associates of the United States. Business Today spoke with K Balasunderam, Managing Director of Pathfinder Management Services and Director, Finance and Treasury, MMBL about the group’s business model which successfully brings together global brands, high net-worth […]
MMBL-Pathfinder Group joint venture foreign exchange earnings to reach USD 200 Million in 2022
Despite severe drawbacks to the country’s economy and the business environment, MMBL-Pathfinder Group’s joint venture portfolio is expected to reach foreign exchange earnings of USD 200 million in 2022. As of August end, this figure stood at USD 125 million. The comparative figure for the calendar year 2021 was USD145 million. With the improvement in […]
