Central Bank to stay pat at upcoming policy meeting: First Capital

First Capital Research thinks it is appropriate for the Central Bank to stay pat at the next policy meeting scheduled for this week as the policy rates at current levels are neither too expansionary nor restrictive, offering the rate setting committee the headroom to respond should any uncertainties arise post election or any other external events.

JAAF says committed to working with new President

As the country enters a new phase of leadership, the Joint Apparel Association Forum (JAAF) highlighted the immense importance of the apparel sector, a key driver of Sri Lanka’s export-led growth and a vital component of the nation’s economic competitiveness.

SL welcomes over 70,000 tourists in first 17 days of September

Tourist arrivals to Sri Lanka crossed the 70,000 mark in the first 17 days of September, provisional data from Sri Lanka Tourism Development Authority (SLTDA) showed.

Coherent foreign policy crucial for new administration’s success: BRISL

The success of the incoming administration will largely hinge on its ability to develop a coherent foreign policy that both safeguards Sri Lanka’s sovereignty and advances its economic interests, according to leading policy institute focused on the country’s role in the expansive China-led Belt and Road Initiative (BRI).

ICC’s Oceanfront Service Apartments offers investment opportunity

Oceanfront Service Apartments on Marine Drive by the International Construction Consortium (ICC) offers a unique and lucrative investment opportunity for discerning investors.

People’s Leasing & Finance launches Gold Cash card

People’s Leasing & Finance PLC, one of Sri Lanka’s most trusted non-banking financial institutions, announced the launch of the GoldCash card, an innovative solution available to consumers starting October 1.

Abans introduces range of mixer-grinders

The range of Abans mixer-grinders come along in a variety of colours and models to suit all kitchen spaces, along with a 12-month warranty period.

AIA Insurance supports HelpAge Sri Lanka in transforming lives through cataract surgeries

AIA Insurance partners with HelpAge Sri Lanka, reinforcing its commitment to improving the lives of those in need.

AB Mauri Sri Lanka unveils state-of-the-art icing sugar grinding plant

AB Mauri Sri Lanka, a leading provider of yeast and bakery ingredients, announced the official commissioning of its new state-of-the-art icing sugar grinding plant.

German Federal Ministry for Economic Affairs explores opportunities at HIP

Tobias Pierlings, Director and Head of Division for South Asia and Southeast Asia at the German Federal Ministry for Economic Affairs and Climate Action, Berlin and a delegation from the German Embassy in Sri Lanka visited the Hambantota International Port (HIP) last week.

Japanese firm Mirai Consulting meets EDB to explore SL investments

Japan-based regional consulting firm Mirai Consulting Group, represented by a high-level delegation, recently visited Sri Lanka to explore the potential investment opportunities in various sectors.

ACCA Sri Lanka celebrates first successful diploma certificate awarding ceremony

ACCA Sri Lanka recently celebrated a major milestone with its first successful ACCA diploma certificate awarding ceremony.

NDB Bank-J’pura Uni to empower next generation of leaders

NDB Bank announced the signing of a memorandum of understanding (MoU) recently with the University of Sri Jayewardenepura, marking a significant milestone in its ongoing efforts to shape the future of Sri Lanka’s financial sector.

Union Bank presents Long Service Awards

Union Bank recognised the exceptional contributions of its esteemed team members.

HNB boosts microfinance expertise through IBSL diploma programme

Sri Lanka’s leading private sector bank HNB PLC recently collaborated with the Institute of Bankers of Sri Lanka (IBSL) to introduce the IBSL’s Diploma in Microfinance Programme to HNB’s microfinance staff.

Dialog Offers Unmatched Convenience with eSIM, Enabling Effortless Switching Between iPhones & iPads

Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider and the authorised provider for Apple, has introduced the next major advancement in eSIM technology: the eSIM Quick Transfer feature.

Air China to begin daily flights to Sri Lanka

Air China, one of China’s largest airlines, is set to launch daily flight operations to Sri Lanka, starting from October 2024.

SLPA on lookout for investors to develop Talaimannar - North Pier

The Talaimannar - North Pier at the Port of Mannar will soon witness an upliftment, with the Sri Lanka Ports Authority (SLPA) announcing that it is on the lookout for investors for the development.

Sampath Bank makes history as Asia’s Best for Corporate Responsibility at Euromoney ‘24

Sampath Bank made history by receiving the prestigious Asia’s Best Bank for Corporate Responsibility award at Euromoney Awards for Excellence 2024, held recently at The Westin, Singapore.

EDB confirms Sri Lanka’s participation in Canton Fair 2024

The Export Development Board (EDB) has confirmed Sri Lanka’s participation in the 136th Canton Fair, set to take place from October 15 to November 4, 2024, in Guangzhou, China.

Colombo Tea Auction sees 4 MnKgs under hammer this week

The Colombo Tea Auction that concluded this week was a one-day restricted sale, with a total volume of 4.0 million kilogrammes on account of the intervening holidays. Overall, an irregular market trend was observed.

HNB Assurance appoints Prof. Ananda Jayawardane to board

HNB Assurance PLC announced the appointment of Prof. Ananda Jayawardane as Non-Executive/Non-Independent Director, with effect from August 09, 2024.

Cabinet approves National Trade Facilitation Roadmap for Sri Lanka Bill

In a landmark decision, the Cabinet approved the National Trade Facilitation Roadmap for Sri Lanka Bill, marking a significant step forward in Sri Lanka’s journey to modernise its cross-border trade processes and align with the global trade facilitation standards.

ASPI gains 2.7% during the week

Indices closed in green as a result of price gains in counters such as Commercial Bank, Hatton National Bank and National Development Bank with the turnover crossing Rs. 1.3 Bn. High net worth and institutional investor participation was noted in Hatton National Bank and Sampath Bank.

Buying sentiment entices secondary market

The secondary market experienced buying interest during the day, backed by thin volumes and limited activity ahead of the presidential election, which is scheduled to be held today.

Commercial Bank commences planting 10,000 trees in Kilinochchi and Jaffna districts

The Commercial Bank of Ceylon has embarked on a project to plant 10,000 trees in the northern districts of Jaffna and Kilinochchi as part of the bank’s country-wide effort to promote sustainability.

NDB partners with MCA for NDB-MCA ‘C’ Division 50-Over League Tournament

The National Development Bank (NDB) continues to strengthen its commitment to fostering future leaders and promoting community development through its ongoing partnership with the Mercantile Cricket Association (MCA).

The dealer convention of Thimal Enterprises Ltd was held recently in Boralesgamuwa.

The dealer convention of Thimal Enterprises Ltd was held recently in Boralesgamuwa.

‘Ahas Ganga’ and ‘Wasanthe Awith’ unveiled

Ahas Ganga, the collection of columns written by Supun Athukorala, and the song Wasanthe Awith, written by Dinith Uthpala Ranasinghe, were officially launched recently at the Mahaweli Centre auditorium in Colombo 7.

NDB Bank triumphs at 39th Mercantile Athletic Championship

NDB Bank announced its remarkable success at the 39th Mercantile Athletic Championship, held from 9th to 11thof August, at the Sugathadasa Stadium in Colombo.