DBL partners with STC to bring top-quality tools to market

Deen Brothers Imports Pvt. Ltd., (DBL) announced a new partnership with the Sri Lanka State Trading Corporation (STC) recently.

Sanasa General Insurance partners with PMF Finance

Sanasa General Insurance Company (SGIC) has entered into a strategic partnership with PMF Finance PLC to provide comprehensive insurance services to PMF Finance’s leasing customers.

People’s Bank relocates Dharga Town Service Centre

People’s Bank officially inaugurated its Dharga Town Service Centre at a new location recently.

Drivegreen opens new Emission Testing Station in Ja-Ela

CleanCo Lanka Pvt Ltd, operating under the brand name ‘Drivegreen’ is a government-authorized vehicle emission testing company accredited as an inspection body under ISO 17020 standards. Drivegreen recently opened a fully equipped station in Negombo Road in Ja-Ela. The new facility is designed to provide even more efficient services to customers in the Ja-Ela area.

ATrad unveils Advanced Primary Dealer System; Acuity Securities becomes inaugural client

ATrad announced the launch of the ATrad Primary Dealer System, an innovative platform that sets a new standard for capital market operations.

Sri Lanka economy slows ahead of presidential elections

Sri Lanka’s economic growth slowed, government data showed Sunday, days ahead of the first presidential elections since an unprecedented financial meltdown in 2022.

CSE pauses LTL’s Rs.20bn IPO

The Rs.20 billion initial public offering (IPO) of LTL Holdings Ltd, which was scheduled to be opened yesterday, was postponed, as the Colombo Stock Exchange (CSE) sought further clarification to review the fresh information submitted by the company on the legal matters.

Government announces income tax relief effective from April 2025

The government announced yesterday (13) a series of tax relief measures for personal income taxpayers, set to come into effect from April 2025.

PickMe IPO oversubscribed

Digital Mobility Solutions Lanka Limited (PickMe) saw its initial public offering (IPO) oversubscribed within hours of its opening.

JCT celebrates 16 years of success with record-breaking growth

Jaya Container Terminals Limited (JCT Limited), a fully owned subsidiary of the Sri Lanka Ports Authority (SLPA), recently commemorated its 16th anniversary.

Offering at Colombo Tea Auction remains around 5.5 MnKgs for third week straight

The offering at the Colombo Tea Auction continued to remain around the 5.5 million kilogrammes for the third consecutive week and was met with fair general demand, Forbes and Walker Tea brokers said.

Blackstone mulls selling stake in visa firm VFS Global, Bloomberg News Reports

Blackstone is considering options including a sale of its majority stake in visa application outsourcing and technology services firm VFS Global after receiving interest from prospective investors, Bloomberg News reported on Thursday.

Intellect launches ‘eMACH.ai’ finance platform in Sri Lanka

Intellect Design Arena Limited, a global leader in financial technology for banking, insurance and other financial services, launched the ‘eMACH.ai’ open finance platform in Sri Lanka this week, that keeps the banks’ customers in focus, be it retail, corporate, SME or high-net-worth individuals.

Week ends in green

Indices closed in green as a result of price gains in counters such as Commercial Bank, Sampath Bank and Hatton National Bank with the turnover crossing Rs. 1.2 Bn.

Buying interest emerges post auction

The secondary market yield curve experienced increased buying interest reversing the selling pressure observed in the previous sessions.

HNB and Sunera Foundation in landmark partnership for differently-abled youth

HNB PLC recently announced a groundbreaking partnership with the Sunera Foundation, a renowned charity dedicated to nurturing the talents of differently-abled young individuals through performing arts.

NDB honours emerging rugby talent

The second leg of the highly anticipated 78th Bradby Shield took place on the 7th of September at the Trinity College Rugby Stadium, Pallekele.

LOLC Divi Saviya covers 40% of schools island wide

LOLC Divi Saviya has successfully completed Phase 03 of its education initiative, impacting 4,100 schools across Sri Lanka.

Sanasa organizes pirith chanting at Dedigama Kota Vehera

A programme to explain the merits of pirith chanting, particularly the Thun Suthraya Karaneeyametta, Maha Mangala, and Ratana Suttas was recently held at Kota Vehera in Dedigama.

Vision Care launches ‘Kapvoe’ sports eyewear

Vision Care unveiled its brand-new line of ‘Kapvoe’ cycling glasses at the exclusive “Finishers Gear” event. This groundbreaking launch marks the first time Kapvoe’s state-of-the-art Oval glasses and Protective goggles are available in Sri Lanka, catering to both cycling and running enthusiasts.

Union Assurance launches ‘Suwamaga’ setting new standards for community well-being

Union Assurance announced the launch of its flagship CSR programme, ‘Suwamaga’, aimed at enriching community well-being. Driven by its purpose of protecting lives and enriching the well-being of all, the Company will provide nationwide support under Suwamaga, a programme focused on reducing diabetes incidence in Sri Lanka.

NDB exclusive offering at the Nallur Festival

National Development Bank announced its participation in the Nallur Festival, a prominent cultural celebration in the Jaffna peninsula dedicated to worshipping Lord Muruga.

Laugfs Eco Sri empowers future generations through education

Laugfs Eco Sri Limited recently completed another significant initiative, reflecting its commitment to community development.

Abans presents latest watch range from Titan Raga

Each Titan watch becomes not simply an instrument, but a storyteller, telling not only the tale of Titan’s meticulous attention to detail, but the inspiration behind it.

PLC Toastmasters Club celebrates Leadership and Legacy at 9th Installation Ceremony

The PLC Toastmasters Club held its 9th installation ceremony at the PLC Head Office on September 11, under the theme “Your Crown, Your Legacy.” The event was graced by dignitaries from the District, Division, and Area, alongside PLC’s Corporate Management team, making it a memorable occasion.

Ocean Lanka clinches Super League Title at Mercantile Volleyball Championship

Ocean Lanka (Pvt) Ltd, Sri Lanka’s weft-knitted fabric manufacturer, and Gold Sponsor of the Mercantile Volleyball Championship 2024, announced its Men’s Volleyball Team’s triumphant victory at the recently concluded tournament, held at the Youth Center’s Indoor Courts in Maharagama.

Negombo Speakers Forum Toastmasters Club launches second season of youth leadership programme

The Negombo Speakers Forum Toastmasters Club announced the launch of the second season of its Youth Leadership Program, themed “New Stars Found.”

NDB Bank and St. Peter’s College illuminate cultural heritage with ‘Bhava’ 2024

NDB Bank collaborated with St. Peter’s College as the main sponsor, in hosting ‘Bhava,’ an evening of music and dance that lit up the BMICH this August.

Listed entities report strong earnings in 2Q

Corporate earnings of Sri Lanka’s public quoted companies more than doubled indicating a strong performance in the second quarter of 2024/2025 FY facilitated by a notable growth in the top-line and steep reduction in finance costs, according to CAL Research.

Next President must have clear and robust policies that enable exporters to thrive: NCE

Sri Lanka’s export fraternity yesterday asserted that the next President must have clear and robust policies that enable exporters to thrive, ensuring they have access to the resources, support, and international market opportunities they need to succeed.