Tourist arrivals cross 91,000 mark within first two weeks of August

The tourist arrivals to Sri Lanka crossed 91,000 in the first two weeks of August, bringing the year-to-date arrivals closer to 1.3 million.

Ceylon Chamber of Commerce to host ‘Defining the Vision’ debate

The Ceylon Chamber of Commerce announced that at its invitation, the four main presidential candidates have nominated their leading economic policy experts to participate in a debate, presenting each party’s economic policies and pledges, ahead of the 2024 presidential election.

Seylan Bank unveils Eco Solar Loans and special Working Capital Loans for SMEs

Seylan Bank continues its commitment to support the growth of Small & Medium Enterprises (SMEs) by expanding its range of affordable and flexible financing solutions.

Technocity team attends ‘Computex 2024’ exhibition in Taiwan

In a significant stride towards technological advancement, the leadership team of Technocity Pvt Ltd has concluded a successful visit to ‘Computex 2024’ in Taiwan.

HNB Assurance partners with BSL to support combatting of IAPS growth in National Park

HNB Assurance PLC extended its partnership with Biodiversity Sri Lanka (BSL), in supporting theFederation of Environmental Organizations (FEO Sri Lanka) and the Department of Wildlife Conservation (DWC) by committing to an additional 15 hectares of invasive alien plant species (IAPS) removal within the Lunugamvehera National Park over the next three years.

DIMO launches Tata Motors GenVoltz generator series

DIMO recently announced the launch of the Tata Motors GenVoltz generator series, a cutting-edge range of power solutions designed to meet the country’s diverse energy needs.

Vallibel Finance opens three new branches

Vallibel Finance recently expanded its network across the country, with its most recent branch openings in Medawachchiya, Battaramulla and Nittambuwa.

CMA Sri Lanka launches course on ‘Cost Accounting for Professional Effectiveness’

‘Cost Accounting for Professional Effectiveness’ is the newest addition to the portfolio of products of the CMA Sri Lanka, the National Professional Management Accounting Institution of Sri Lanka.

National Chamber & NEDA launch Western Province Entrepreneur Awards

The National Chamber of Commerce of Sri Lanka, in partnership with the National Enterprise Development Authority (NEDA)announced the launch of the Western Province Entrepreneur Awards 2024.

Co-operative Movement’s future discussed under President’s patronage

A special meeting to discuss the future direction of the co-operative movement in Sri Lanka was recently convened by the Sri Lanka National Co-operative Board under the patronage of President Ranil Wickremesinghe.

DFCC Bank launches first-ever co-branded fuel Mastercard credit card

DFCC Bank has forged an exclusive partnership with Lanka IOC (LIOC) to introduce Sri Lanka’s first-ever co-branded consumer fuel Mastercard credit card.

Indo Lanka Chamber of Commerce and Industry holds 16th AGM

The Sixteenth Annual General Meeting (AGM) of the Indo Lanka Chamber of Commerce & Industry (ILCCI) was held recently at Taj Samudra, Colombo.

NDB triumphs at SLITAD People Development Awards with Gold

NDB Bank announced its landmark achievement of winning a Gold award at SLITAD People Development Awards 2023/2024.

ComBank takes entrepreneurship development to schools under ‘Diribala’

The Commercial Bank of Ceylon is rolling out a new initiative called ‘Diribala Next Gen School Entrepreneurship Grooming Programme’ with the objective of empowering school entrepreneurship and fostering a transformative mindset among school entrepreneurship circles.

Hayleys Solar powers Dipped Products’ sustainability journey

Hayleys Solar, the renewable energy arm of Hayleys Fentons, marked a critical milestone in Sri Lanka’s transition to sustainable manufacturing.

Samuel & Co. expands presence with Jaffna branch opening

Samuel & Co. (Chartered Accountants) has officially inaugurated its new branch office in Jaffna.

ICA announces 1st International Half Marathon in Colombo

The Indian Cultural Association of Sri Lanka (ICA) has announced its 1st International Half Marathon, scheduled to take place in Colombo on September 1.

Macktiles Masterpieces Concept Store opens

Macktiles announced the opening of its Macktiles Masterpieces Concept Store, welcoming the public to explore a world of luxury tiles and unparalleled design.

SL sets eyes on welcoming 3mn tourists next year

Sri Lanka has set its eyes on welcoming three million tourists next year, aligned with the Sri Lanka Tourism Promotion Bureau’s (SLTPB) plans to launch the much-awaited tourism promotion campaign covering the key source markets, starting from the second week of September this year.

Purchasing Managers’ indices indicate manufacturing, services activity expansions in July

Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 59.5 in July 2024, indicating a continuous expansion in manufacturing activities.

Cable Solutions debuts trading on CSE

The shares of Cable Solutions Limited (CODE: CSLK-N-0000) commenced trading on the Colombo Stock Exchange (CSE) on August 14, 2024.

First Capital Holdings delivers profitable start to FY24/25

First Capital Holdings PLC (the group) reported a profit after tax of Rs.582 million for the quarter ended June 30, 2024, compared to Rs.2.8 billion in the same period last year.

Union Bank aims to enhance banking services with AI

Union Bank, in partnership with the National Innovation Agency and University of Moratuwa (UoM), yesterday launched the Union Bank School of Social Entrepreneurship (UBSSE), which also provides access to finance.

Fitch assigns NDB’s Basel III subordinated debt final ‘BBB(lka)’

Fitch Ratings has assigned National Development Bank PLC’s (NDB, A-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to Rs.10 billion a final National Long-Term Rating of ‘BBB(lka)’.

Hayleys affirmed at ‘AAA(lka)’; Outlook Stable: Fitch

Fitch Ratings has affirmed Sri Lankan conglomerate Hayleys PLC’s National Long-Term Rating of ‘AAA(lka)’. The Outlook is Stable.

ASPI gains 1.8% during the week

The ASPI closed in red as a result of price losses in counters such as C T Holdings, John Keells Holdings and DFCC Bank with the turnover crossing Rs. 539 Mn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Access Engineering, Chevron Lubricants, Renuka Holdings.

Bonds maintain buying momentum

The secondary market yield curve slightly edged down on the belly end of the curve, owing to the slight buying interest that was witnessed, on the mid-tenure.

NDB workshops promote financial literacy among children

NDB Bank recently conducted a series of workshops featuring NDB’s Pancha Mama, which aimed at fostering financial literacy and sustainable living habits among children.

Sincerely Ceylon partners with NGOs to expand reach

Sincerely Ceylon, a charity founded in 2021 by students Shehzad Rajkotwala and Maya Vitarana, has rapidly grown into a beacon of hope for vulnerable communities across Sri Lanka.

Ambewela continues to deliver premium quality dairy products with latest technology

Ambewela dairy products – manufactured by Lanka Milk Foods (CWE) PLC – is a household name synonymous with freshness and quality.