BOI to facilitate risk mitigation to SAARC members through dedicated industrial parks

With an aim to boost FDI flows into the country while fostering inter-regional trade among SAARC nations, Sri Lanka’s Board of Investment (BOI) is exploring the creation of country-specific industrial parks tailored to the needs of SAARC nations.

Government to compile detailed SME loan report to plan relief measures

The government has planned to compile a detailed report on loans taken by Small and Medium-sized Enterprises (SMEs) across the country to help create relief measures for the businesses struggling with debt.

CEB default risks major service disruptions, says Fitch Ratings

A default by Ceylon Electricity Board (CEB) would lead to severe service disruption, with the entity accounting for about 73 percent of generation capacity at end-2023, rating agency Fitch said.

BOI restructuring under ETA faces delays: Lawyer

The scheduled restructuring of Sri Lanka’s Board of Investment (BOI) into three new entities under the Economic Transformation Act (ETA) is facing delays and may even be shelved by the incoming government, according to top lawyer.

Crossings boost turnover to Rs. 4.3 bn

The ASPI closed in green as a result of price gains in counters such as John Keells Holdings, Richard Pieris & Company and C T Holdings with the turnover crossing Rs. 4.2 bn.

Strong buying interest unfolds post T-Bond auction

Yesterday’s T-Bond auction raised Rs. 132.5bn, yielding full acceptance across both maturities offered. The 01.05.2028 bond closed at a weighted average yield rate of 11.63%, whilst the 01.10.2032 bond closed at a yield rate of 12.32%. Meanwhile, CBSL aims to raise Rs. 147.5bn in today’s weekly T-Bill auction.

Fonterra to proceed with sale process for consumer businesses

Fonterra Co-operative Group Ltd yesterday provided an update on its work to explore potential divestment options for its global consumer business as well as integrated businesses Fonterra Oceania and Fonterra Sri Lanka. CEO Miles Hurrell said, following a detailed scoping phase, the Co-op has decided to proceed with a sale process for these businesses. “Since our announcement in May 2024, we have been working with our team of advisors to assess p

Prime Lands recognised at World Business Outlook Awards 2024

Prime Lands (Pvt.) Ltd has made a resounding mark on the global stage at World Business Outlook Awards 2024 in Thailand.

Amana Takaful hosts Executive Edge forum for financial industry leaders

Amana Takaful Insurance launched its inaugural Executive Edge forum at Shangri-La Colombo, bringing together industry leaders from the financial services sector and key life insurance clientele.

Seylan Bank enhances mobile banking app with Sinhala and Tamil language options

Seylan Bank recently upgraded its mobile banking app to include Sinhala and Tamil language options, further enhancing customer ease and satisfaction.

CA Sri Lanka hosts SAFA Best Presented Annual Report Awards 2023

The South Asian Federation of Accountants (SAFA) celebrated the region’s finest achievements in financial reporting at the 2023 Best Presented Annual Report Awards hosted by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) in Colombo on November 11, 2024.

Janashakthi Life relaunches Medawachchiya branch

Janashakthi Life celebrated the grand opening of its newly relocated Medawachchiya branch, enhancing service accessibility for the customers.

Chevron Lanka collaborates with Uber SL

Chevron Lubricants Lanka PLC (Chevron Lanka), the company that markets and distributes Caltex-branded lubricants, announced its collaboration with Uber in Sri Lanka.

Union Bank hosts Exporters’ Forum to support customers in global trade

Union Bank recently organised an Exporters’ Forum for its valued customers across Zone 2, including participants from branches in Kandy, Kurunegala, Anuradhapura, Dambulla, Narammala, Gampola, Kegalle and Nawalapitiya. The forum provided a platform for insightful discussions on critical topics such as international trade, finance, foreign exchange and exchange risk management.

ICT sector explores unlocking value and funding opportunities through capital market

The Colombo Stock Exchange (CSE) and U.S. Agency for International Development (USAID) together with SLASSCOM and FITIS, recently hosted a forum titled ‘Unlocking Value via Capital Markets and Funding Options for the IT Sector’.

AIA Insurance creates a first of its kind immersive real-life gaming experience at Havelock City Mall

AIA Insurance took Children’s Day celebrations to new heights with a first of its kind immersive life-sized ‘Snakes and Ladders’ game at Havelock City Mall, engaging over 3,000 visitors. This interactive event not only entertained but also delivered an important financial lesson, supporting the recent launch of AIA SaveSmart. AIA introduced a unique twist to the classic board game, allowing children to earn ‘AIA SaveSmart Shields’ at certain spot

Enhancing your financial literacy with CSE Education Academy Key market platforms, price indices and investment instruments

In the journey to becoming a savvy investor, it is essential to grasp the various aspects of how stock markets operate and what opportunities are available to both companies and investors.

Ambewela relaunches butter with modern look and enhanced taste

Ambewela recently relaunched its butter, a move designed to align its premium dairy offerings with the evolving needs of consumers.

Mitel selects Sri Lanka for partner conference

Mitel is represented by its long-standing partners Metropolitan Technologies (Pvt.) Ltd and Hayles Fentons Ltd Mitel, the market leading unified communications provider, chose Sri Lanka to hold its Annual Partner Conference in the region.

Fonterra to proceed with sale process for Consumer businesses

Fonterra Co-operative Group Ltd has provided an update on its work to explore potential divestment options for its global Consumer business, as well as integrated businesses Fonterra Oceania and Fonterra Sri Lanka.

Sri Lanka projected to emerge as one of world’s fastest-growing travel destinations in 2025

Sri Lanka is expected to rank among the world’s fastest-growing travel destinations in 2025, with tourism spending forecasted to increase by 40 percent, according to the 2024 WTM Global Travel Report, published in partnership with Tourism Economics.

Policy consistency crucial to boost SL’s apparel exports to US $ 8bn in 2025- JAAF

Policy consistency is key to achieving US $ 8 billion in apparel exports next year, up from an estimated US $ 5 billion in 2024, according to the Joint Apparel Association Forum (JAAF).

October tourism earnings at US $ 186mn

Sri Lanka recorded US $ 185.6 million from the tourism trade in October 2024, up from both a month ago and a year ago levels.

EDB invites local tech innovators for Electronica 2024 in Munich

The Export Development Board (EDB) has called on the local electronics companies to participate in Electronica 2024, one of the world’s leading electronics trade fairs held in Munich.

Softlogic Life grows 18%, hits Rs.22bn GWP by September

Adding stronger momentum to its growth trajectory, Softlogic Life posted a gross written premium (GWP) of Rs.22 billion during the nine months ending September 30, with an increase of 18 percent in topline growth compared to the corresponding period of last year.

Week begins in green

The ASPI closed in green as a result of price gains in counters such as Commercial Bank, Ceylon Tobacco Company and Melstacorp with the turnover crossing Rs. 2.4 Bn. A similar behaviour was witnessed in the S&P SL20.

Market slows down ahead of T-bond auction

The secondary market saw limited activity during yesterday’s trading session ahead of the Rs.132.5 billion worth T-bond auction scheduled for today.

Two top speakers to inaugurate Colombo International Maritime and Logistics Conference 2024

Sri Lanka’s largest and most prestigious three-day maritime and logistics conference will be held from November 27 to 29, at Cinnamon Grand Colombo, with over 60 speakers participating.

NDB digital transformation forum empowers southern region SMEs

NDB Bank recently held an exclusive digital transformation forum at Mount Rich Hotel in Galle, marking another milestone in its commitment to supporting Sri Lankan small and medium enterprises (SMEs).

Auto TrchniCar 2025 in January

Auto TrchniCar 2025, the most exclusive automotive exhibition of the year is to be held in Colombo at the BMICH from January 10 to 12, next year.