NDB champions first leg of Bradby encounter

NDB Bank is excited to celebrate the first leg of the 78th Bradby Shield encounter.

CBSL to host webinar on inflation and exchange rate dynamics in Asia-Pacific

The Central Bank of Sri Lanka (CBSL) is preparing to host a webinar on the dynamics of inflation and exchange rates in the Asia-Pacific region on Friday, September 6, 2024.

Government clarifies misleading reports on Hilton hotel divestiture

The Ministry of Finance, Economic Stabilization and National Policies has issued a statement clarifying recent misleading media reports about the divestiture of Hotel Developers (Lanka) Ltd, which owns the Colombo Hilton.

Biz leaders get campaign economic briefing

As Sri Lanka prepares for its presidential elections on 21 September, candidates are unveiling their economic strategies, which could shape the country’s future.

SriLankan Airlines turns 45

SriLankan Airlines turns 45, celebrating a trailblazing journey that took off on September 1, 1979, with just two Boeing 707 aircraft.

SLT HCS completes Rs. 80m sale of Talentfort

SLT Human Capital Solutions (Pvt) Ltd (SLT HCS), a fully owned subsidiary of Sri Lanka Telecom PLC, has successfully completed the sale of its entire stake in Talentfort (Pvt) Ltd to Siyathro Investment and Property Developers (Pvt) Ltd.

TVS Motor to play keyrole in local vehicle component manufacturing

One of top global three-wheeler manufacturers, TVS Motor Company (TVSM) says it aims to play a key role in developing the local vehicle component manufacturing eco-system, paving the way for export of locally assembled vehicles in the future.

Ambani says India’s Reliance to more than double in size before end of decade

Reuters - India’s Reliance Industries is on track to more than double in size before the end of the decade, its billionaire-chairman Mukesh Ambani told shareholders yesterday.

Access Engineering optimistic about SL’s construction sector recovery

Access Engineering PLC has expressed optimism about the construction sector’s medium-term recovery, anticipating a boost from the restart of halted development projects.

Turnover crosses Rs. 1.0 bn

Indices closed in red as a result of price losses in counters such as Sampath Bank, Commercial Bank and John Keells Holdings with the turnover crossing Rs. 1.0 bn.

Bond yields edged up amidst sustained selling pressure

The secondary market yield curve experienced a modest increase yesterday compared to Wednesday’s closing levels, particularly on the short to mid tenors.

TVS Raider debuts in SL

TVS Motor Company, a leading global automaker that operates in the two and three-wheeler segments, launched its feature-rich TVS Raider 125 in Sri Lanka recently.

First Capital Holdings on LMD’s Most Respected Entities List

First Capital Holdings PLC announced its debut on LMD’s prestigious list of Sri Lanka’s Top 100 most respected entities.

IronOne ATrad launched in Nepal Stock Exchange

July 2024 witnessed a significant milestone as ATrad, Sri Lanka’s premier platform for online stock trading and stockbroker back-office solutions, went live in Nepal at the Nepal Stock Exchange (NSE) and successfully completed the first set of live orders.

Seylan Bank opens 2nd branch in Kurunegala

The opening ceremony of Seylan Bank’s second branch at Kurunegala was graced by chief guest, Director and CEO Ramesh Jayasekara, alongside the senior management, government officials, customers and invitees.

DFCC Bank clinches top awards at BestWeb.LK 2024

DFCC Bank has emerged victorious at the 14th edition of the BestWeb.LK Awards 2024, conducted by the LK Domain Registry.

British Council hosts pre-departure briefing for 2024 C’wealth scholars

The British Council of Sri Lanka successfully hosted an interactive and informative pre-departure briefing for the 2024 group of Commonwealth scholars as they prepared for their departure.

RESPIRE’s low-cost, scalable policy, clinical interventions to reduce respiratory diseases, deaths in Sri Lanka

Respiratory health experts from across the world convened in Colombo to discuss the cross-country collaboration and showcase the breadth of research being conducted to decrease the burden of respiratory diseases in the Asian region.

NDB Pixel account to empower teens

In a significant move aimed at fostering financial independence and encouraging a culture of saving among the nation’s youth, NDB Bank has introduced its latest offering, NDB Pixel.

Defining the Vision - The Debate

The Ceylon Chamber of Commerce hosted a debate yesterday, featuring prominent economic policy experts representing the four main presidential candidates, to provide a common platform to present their vision for Sri Lanka’s future.

People’s Bank adopts a 1990 Suwa Seriya Ambulance

The People’s Bank of Sri Lanka has adopted an ambulance to support the 1990 Suwa Seriya Foundation’s ‘Adopt an Ambulance’ project.

Reform delays could suspend IMF programme, jeopardizing recovery

While the current International Monetary Fund (IMF)-backed debt sustainability path presents no silver bullet for the economy, possible attempts to stall the reforms in the aftermath of the upcoming presidential elections are likely to result in a suspension of the IMF programme and threaten the recovery, according to the latest report by Bloomberg Intelligence.

Port City Colombo onboards over 100 companies in landmark milestone

Port City Colombo has officially registered over 100 companies as Authorised Persons (APs) within its Special Economic Zone (SEZ) as of August 24, China Harbour Engineering Company (CHEC), the primary project company of the zone, announced yesterday.

Hayleys Fabric first Sri Lankan firm in Global Organic Textile Standard case study

Hayleys Fabric PLC has become the first Sri Lankan company to be featured as a case study on the Global Organic Textile Standard (GOTS) website.

Cartoon 29.08.2024

Pan Asia Bank becomes industry first to onboard SMEConnect platform

Pan Asia Bank, which has taken significant steps in empowering entrepreneurs and small and medium enterprises (SMEs) across Sri Lanka, has partnered with the National Enterprise Development Authority (NEDA) to onboard the ‘SMEConnect’ platform.

Lego plans to ditch oil in its bricks for pricier renewable plastic

CNN: Toymaker Lego announced yesterday it was on track to replace the fossil fuels used in making its signature bricks with more expensive renewable and recycled plastic by 2032 after signing deals with producers to secure long-term supply.

EDB to sign cooperation agreement with IFC to uplift local SMEs with export potential

The Export Development Board (EDB) is preparing to partner with the International Finance Corporation (IFC) to uplift the export potential of SMEs in Sri Lanka.

LTL Holdings secures in-principle approval for Rs.20bn IPO

Sri Lanka’s largest independent power producer, LTL Holdings (Pvt.) Ltd, has secured the Colombo Stock Exchange’s (CSE) in-principle approval to list ordinary voting shares, by way of an offer for subscription on the Main Board or Diri Savi Board of the CSE.

Indices continue to close in red

Indices closed in red as a result of price losses in counters such as Commercial Bank, Sampath Bank and Melstacorp with the turnover crossing Rs 732 Mn. High net worth and institutional investor participation was noted in Ceylon Tobacco Company, Melstacorp and Sierra Cables. Mixed interest was observed in Browns Investments, Commercial Bank and John Keells Holdings whilst retail interest was noted in Industrial Asphalts, LOLC Finance and LVL Ener