Orient Finance records 584 percent YoY growth in after-tax profit

Orient Finance has achieved a significant turnaround in its financial performance for the year 2023/24, recording a Profit after Tax of Rs. 348.53 million—an impressive growth of 584 percent compared to the previous year’s loss of Rs. 72 million.

HNB’s potential BAFL acquisition unlikely to impact ratings: Fitch

Hatton National Bank’s (HNB) potential acquisition of Bank Alfalah Limited’s (BAFL) Bangladesh operations is unlikely to affect the Sri Lankan bank’s ratings, Fitch Ratings said.

Great Place to Work in Sri Lanka unveils Best Workplaces for Young Talent 2024

Great Place to Work in Sri Lanka has unveiled its list of the Best Workplaces for Young Talent for 2024.

CINEC Campus wins BWIO Best University of the Year Award

CINEC Campus (Pvt.) Ltd, one of the largest, most diversified and fastest growing non-state higher education institutes in the country, has been honoured as the Best University of the Year (X-Large-Platinum) at the Business World International Awards.

Durdans Hospital introduces special offer for government employees

Durdans Hospital, renowned for its commitment to excellent patient-centred care, has recently signed a significant agreement with the National Insurance Trust Fund (NITF) and Public Administration and Management Ministry.

Ceylinco Life fetes top sales officers at mid-year motivational awards

Top-performing life insurance sales professionals on target to achieve or surpass their sales goals in 2024 were feted at a stimulating mid-year awards event recently by Ceylinco Life, Sri Lanka’s life insurance market leader.

Singer Academy holds Annual Awards Ceremony

The Singer Fashion Academy Annual Awards Ceremony held recently at the Bandaranaike Memorial International Conference Hall (BMICH) was a celebration of achievement and creativity.

Yellow Girl shines at Asian Business Awards 2024

Yellow Girl (Pvt.) Ltd, a leader in the herbal beauty products manufacturing industry, has been honoured with the Asian Business Award for Herbal Cosmetics.

Seylan Bank collaborates with Wedding Show 2024

Seylan Bank, serving as the official banking partner, successfully conducted the country’s largest matrimonial event, Wedding Show 2024.

Cinnamon Hotels with SHMA launches Cinnamon Hospitality Academy

Cinnamon Hotels & Resorts, in partnership with the Swiss Hotel Management Academy (SHMA), announced the launch of the Cinnamon Hospitality Academy.

50 years of Aitken Spence Hotels: A story of sustainability, innovation and success

Aitken Spence Hotels proudly celebrates 50 years of excellence in the hospitality industry.

Strategic Insurance, broker on record for CHEC Port City Colombo

The Colombo Port City Mall got underway and has appointed the Uniba international network partner in Sri Lanka, Strategic Insurance Brokers (SIB), for risk management, insurance advice and placing comprehensive insurance covers involving the duty-free mall.

NDB-Hayleys Solar to offer loan facility for pensioners

In a significant stride towards supporting the well-being of the nation’s pensioners who have tirelessly served this country and promoting eco-friendly energy solutions, NDB Bank recently signed a memorandum of understanding (MoU) with Hayleys Solar, the renewable energy arm of Hayleys Fentons,

Hatton National Bank with Wonrich Dairy to enhance dairy sector

HNB PLC recently announced a strategic partnership with Wonrich Dairy (Pvt.) Ltd under its value chain financing initiatives, marking a significant step towards enhancing the dairy sector in Sri Lanka.

Dialog Axiata completes amalgamation with Airtel Lanka

Dialog Axiata PLC (Dialog) has completed the amalgamation with Bharti Airtel Lanka (Pvt.) Limited (Airtel Lanka) under the applicable provisions of the Companies Act, with Dialog remaining as the surviving entity.

ACCA-SLASSCOM to transform finance, accounting, BPM sectors in Sri Lanka

The Association of Chartered Certified Accountants (ACCA) and Sri Lanka Association of Software and Services Companies (SLASSCOM) have launched a joint initiative to enhance the finance, accounting and business process management (BPM) sectors

Colombo inflation falls to 0.5% as food and non-food prices cool

Inflation in the Colombo district slowed sharply in August, as both food and non-food prices cooled after the government started cutting the tariffs of the utilities and fuel, ameliorating the price pressures through the supply chains.

People’s Bank achieves Rs.181.9bn in consolidated gross income during 1H 2024

People’s Bank, Sri Lanka’s leading financial services provider, yesterday announced its financial results for the first half ended June 30, 2024.

Economists urge incoming president to protect Central Bank’s independence

Economists have called on Sri Lanka’s incoming president to safeguard the Central Bank’s independence and address the taxation issues, key areas critical to stabilising the nation’s economy.

IFC with Diversity Collective Lanka and Women in Management to promote respectful workplaces in SL

The International Finance Corporation (IFC) has joined forces with Diversity Collective Lanka (DCLK) and Women in Management (WIM) to launch a first-of-its-kind training programme aimed at combating gender-based violence and harassment (GBVH) in Sri Lanka’s private sector.

Ceylon Chamber of Coconut Industries inaugurated to reinvigorate SL’s coconut industry

Marking a new beginning for Sri Lanka’s coconut industry, the Ceylon Chamber of Coconut Industries (CCCI) at the National Chamber of Commerce was inaugurated this week, with a mid-term target to boost the annual production to 4.5 billion nuts and generate US $ 3-4.5 billion export revenue.

ASPI loses 4.7% during the month

The ASPI closed in red as a result of price losses in counters such as Hatton National Bank, John Keells Holdings and Ceylon Tobacco Company with the turnover crossing Rs 759 Mn.

Thin trading volumes persist amidst selling pressure

The secondary market yield curve experienced limited activities and thin trading volumes during the day. The market experienced a slight uptick in yields amidst selling pressure across the mid-end of the yield curve.

Seylan ‘Signfluencer’ campaign extends support to Deaf and Blind School

Seylan Bank’s ‘Signfluencer’ campaign, aimed at empowering the hearing and visually impaired, made a significant impact at its launch by spotlighting the need to acknowledge those who are hard of hearing.

Zonta Club provides water filtration units to schools in Rajanganaya and Thambuththegama

Chronic kidney disease of unknown etiology (CKDu) has become a grave health crisis in Sri Lanka, particularly affecting agricultural communities in the ‘dry zone’. This devastating disease is spreading rapidly across the country, placing even young students at risk.

Genesiis Software provides shoes to students in Ampara and Monaragala

Genesiis Software, an IT company specialized in software engineering and GIS, and owner/operator of the topjobs careers and recruitment platform undertook a CSR event recently to benefit three remote schools in Ampara and Monaragala.

Caravan Fresh supports OrphanCare with every loaf of bread sold

OrphanCare announced its latest partnership with Caravan Fresh to support OrphanCare’s programme on supporting orphan children avoid a second abandonment as they leave their care homes at the age of 18.

Nations Trust, WNPS hold monthly lecture themed ‘Co-existing with Wild Elephants’

Nations Trust Bank, in collaboration with the Wildlife & Nature Protection Society (WNPS), recently held their Monthly Lecture Series, focusing on the theme ‘Co-existing with Wild Elephants: A Comparison Between Botswana & Sri Lanka’.

People’s Bank refurbishes Suwaseriya ambulance for public in Kalutara South

In a significant display of corporate social responsibility, People’s Bank has announced its donation to the 1990 Suwaseriya Ambulance Service, under the organization’s ‘Adopt an Ambulance’ initiative.

P&S Golden Doily Culinary Competition celebrates talent

Perera & Sons Bakers (Private) Limited (P&S), Sri Lanka’s largest quick-service restaurant chain, hosted its highly anticipated Inter department Golden Doily Culinary Art Competition.