Weekly auction notches a full acceptance amidst spike in rates

The Central Bank conducted the weekly T-bill auction yesterday, accepting the total offered amount of Rs.100.0 billion.

Women in Tech SL-Mark and Comm to strengthen women’s participation in STEM

Women in Tech, the world’s foremost organisation for inclusion, diversity and equity in STEAM, with a mission to empower five million women by 2030, entered into an agreement with Colombo-based leading PR agency, Mark and Comm Ltd with the latter as its Strategic Communications Partner for the Sri Lanka Chapter.

Prime Group commences construction of YOLO apartment city

Prime Group, among the leading real estate developers in Sri Lanka, has celebrated the ground breaking of its highly anticipated YOLO project, earmarked as the biggest and most luxurious first modern home apartment city in Kiribathgoda.

Canon and Metropolitan unveil flagship store at Liberty Plaza

Canon, in collaboration with Metropolitan, opens its newest Canon Image Square flagship showroom, located on the first floor of Liberty Plaza in Colombo 3.

PMF Finance inauguazrates 16th branch in Chilaw

PMF Finance PLC, formerly known as People’s Merchant Finance PLC, continues its legacy of excellence with the grand opening of its 16th branch in Chilaw, Northwestern province.

Pan Asia Bank-Home Lands Group partnership to enhance real estate financing

Pan Asia Bank, ‘The Truly Sri Lankan Bank’, recently signed a memorandum of understanding (MoU) with Home Lands Group, the trusted leader in real estate and property development.

Banks’ CIO Forum engages key partners ahead of Confluence 2025

The Banks’ Chief Information Officers Forum (BCIOF), the largest premier C-level forum within Sri Lanka’s banking and financial sector, successfully hosted a ‘Partner Meet Up’ on August 27, 2024, at Grand Sapphire, Courtyard by Marriott Colombo, in preparation for the highly anticipated CIO Confluence 2025.

John Keells Properties breaks ground on Viman Ja-Ela

John Keells Properties (JKP) marked a significant milestone on August 26, 2024, as it celebrated the groundbreaking of its much-anticipated Viman Ja-Ela real estate development.

My Dentist expands to Maldives

My Dentist (Pvt.) Ltd, a pioneering force in dental care, announced the grand opening of its inaugural clinic My Family Dentist in Hulumale, the Maldives.

Royal Australian Chemical Institute CEO discusses future collaborations with IChemC

Royal Australian Chemical Institute (RACI) CEO Shenal Basnayake recently visited the Institute of Chemistry Ceylon (IChemC) while he was in Sri Lanka.

Occidental Paradise partners with Colombo University for World Photography Day

In keeping with the hotel’s vision for collaborative educational initiatives and green living, Occidental Paradise Dambulla recently facilitated a successful workshop in conjunction with the Colombo University for the World Photography Day.

‘Routes We Take’ exhibition to kick off on August 31

‘The Routes We Take: Sri Lanka’s Creative Green Map’ is set to be unveiled to the public at an exhibition scheduled for August 31 and September 01, 2024, at Trace Expert City, Maradana and will be open to the public for viewing.

International School of Western Australia opened in Welisara

The International School of Western Australia (ISWA) in Welisara is one of the few schools in Sri Lanka that offers students a special chance to shine by offering the illustrious Australian curriculum, which is considered one of the best in the world.

Atlas ventures into EDU toy market with PlayPalz

Atlas Axillia Company (Pvt.) Ltd ventured into the toy market with the launch of a new line of educational toys under the brand name ‘PlayPalz’, at Trace Expert City in Colombo, yesterday.

Jayewardenepura University invites papers for international real estate conference 2024

The University of Jayewardenepura has called for research papers on various topics for its 8th International Conference for Real Estate Management and Valuation (ICRMV 2024), organized by the university’s Center for Real Estate Studies.

Vital to adhere to agreement with IMF: Wickremesinghe

As Sri Lanka will see some major changes in about three weeks time with the upcoming Presidential election, President Ranil Wickremesinghe asserted that to sustain economic growth, it’s vital to adhere to the agreement with the International Monetary Fund (IMF).

CB expects low inflation to persist until early 2025

The Central Bank of Sri Lanka (CBSL) said it expects inflation to remain well below its upper target of 5 percent until early next year, supporting the ongoing economic recovery by providing some relief to both livelihoods and business activities.

Sri Lanka to ink agreement with WB under development policy financing programme 

Sri Lanka will ink a financial agreement with the World Bank (WB) for the second stage development policy programme.

HNB to kick off discussions to acquire Bank Al-Falah B’desh operations

Hatton National Bank (HNB) has received approval from its Board of Directors to kick off discussions in acquiring the Bangladesh operations of Al -Falah.

NSB records Rs. 15bn PBT in 1H

National Savings Bank has already surpassed the previous year’s profit after Tax (PAT) by the second quarter of this year. The bank registered a PBT of Rs. 15.0 billion for the six months period of year 2024 whereas the PAT for the year 2023 was Rs. 7.21 billion.

East West Properties renounces decision to delist

East West Properties PLC, whose majority shareholder is Nahil Wijesuriya, announced this week that it will not go ahead with its plans to de-list from the official list of the Colombo Stock Exchange (CSE).

Foreign buying continues

The ASPI closed in red as a result of price losses in counters such as Melstacorp, John Keells Holdings and Central Finance Company with the turnover crossing Rs. 513 mn.

Market remained muted ahead of T-Bill auction

The secondary market experienced a quiet day yesterday with limited trading activity, as market participants positioned themselves ahead of the Rs. 100.0bn T-Bill auction scheduled for today.

ComBank, first in SL to offer loyalty points for digital banking transactions

Digital banking has just become financially rewarding, with Commercial Bank of Ceylon launching a groundbreaking industry-first initiative to award reward points for transactions on ComBank Digital.

United Petroleum top executives meet president

United Petroleum’s top executives, including Co- Founder Avi Silver, Group CFO Nigel Simonsz, Group Procurement Head Brett Crawford and United Petroleum Lanka Director/CEO Prabath Samarasinghe on Monday met with President Ranil Wickremesinghe.

FTZMA supports ocean plastic fight in Negombo

The Free Trade Zone Manufacturers Association (FTZMA) together with its member company Amsafe Bridport announced the collaboration with MAS Foundation for Change.

HNB Finance unveils 3 new Gold Loan Units

Sri Lanka’s leading integrated financial services provider HNB Finance PLC recently announced three new Gold Loan Units at its Galgamuwa, Kekirawa and Mahiyanganaya branches.

NDB conducts Investor and Analysts Earnings Call on 1H 2024 financial results

National Development Bank PLC (NDB) recently conducted its Investor and Analyst Earnings Call on August 20, 2024, following the release of its financial results for the first half of the financial year ended June 30, 2024. Led by NDB Director/Chief Executive Officer Kelum Edirisinghe, along with the bank’s senior management team, the virtual event was held via Zoom. It featured a detailed presentation by the CEO on the performance of 1H 2024, fol

ALFT Packaging honoured at Nestlé Lanka’s Connect@Nest’24

ALFT Packaging, as a dynamic presence in the flexible packaging industry, has been honoured with a Special Award as Distinguished Business Partnership in the Packaging Category by Nestlé Lanka.

John Keells’ OCTAVE-Colombo University partner to drive data, advanced analytics education

OCTAVE, the data and advanced analytics centre of excellence of the John Keells group, formalised its strategic partnership with the Statistics Department within the Science Faculty of the University of Colombo, with the signing of the memorandum of understanding (MoU) recently.