Amãna Bank opens self-banking centre at Punanai ICST University Park

Amãna Bank opened its 30th self-banking centre at the recently inaugurated International Campus of Science & Technology (ICST) University Park located in Punanai, Batticaloa.

Sarvodaya Development Finance appoints Ramya as Director

Sarvodaya Development Finance PLC (SDF) announced the appointment of Ramya Suranjani Wickremeratne as a Non-Executive, Independent Director, with effect from August 01, 2024.

Acentura’s first SAP road show achieves remarkable success

The SAP road show, aimed to equip businesses with cutting-edge SAP Business One solutions to streamline operations and drive growth, hosted by Acentura for the first time, took place recently, at The Kingsbury Hotel in Colombo.

HNB Assurance’s Employee Net Promoter Score surpasses international benchmarks

HNB Assurance PLC unveiled the results of its recent survey, conducted in partnership with Great Place to Work. The findings revealed an impressive Employee Net Promoter Score (eNPS) of 38 percent, drastically outpacing the international average of 27 percent, within the insurance industry.

Elevating market integrity by ensuring secure and transparent trading practices at CSE

Colombo Stock Exchange (CSE) Senior Vice President Broker Supervision and Listed Entity Compliance Divisions Nilupa Perera provides an in-depth look at the critical roles her divisions play in maintaining market integrity and fostering good corporate governance.

Courier Express Parcel Association holds AGM 2024

The Courier and Express Parcel Association of Sri Lanka (CEPAC) recently conducted its Annual General Meeting (AGM) for the year 2024-2025, marking a significant highlight in the association’s ongoing ePorts to address the industry challenges and enhance operational ePiciency.

Australian govt.’s S4IG initiative commits to sustainable skill development

The recently concluded Skills for Inclusive Growth (S4IG) Stakeholder Sustainability Conference brought together key stakeholders from both the public and private sectors.

Economic recovery to boost SL’s insurance industry: CB Governor

Sri Lanka’s insurance industry is poised to benefit from the ongoing recovery in economic activity, Central Bank Governor Dr. Nandalal Weerasinghe said, as improved business conditions, low inflation and low interest rates in conventional financial products are likely to boost demand for insurance services on an overall basis.

Long-term political will crucial for SL’s power sector reforms: ADB

The success of Sri Lanka’s power sector reforms depends heavily on the government’s ability to maintain strong political will over the long term, according to Asian Development Bank (ADB) Country Director Takafumi Kadono.

BOC among top 1000 world banks for 2024

Bank of Ceylon (BOC), Sri Lanka’s premier financial institution, announced its inclusion in The Banker magazine’s prestigious list of Top 1000 World Banks for 2024.

FinMin tells spending agencies to focus on fiscal discipline for 2025 budget

The Finance Ministry yesterday instructed all spending agencies to prioritise fiscal discipline and prudent management as the country prepares its 2025 national budget.

Local gem and jewellery businesses shift overseas as taxes bite

The Sri Lanka Gem and Jewellery Association (SLGJA) warned yesterday that the high taxes, including the Value-Added Tax (VAT), are pushing businesses to relocate abroad, threatening the future of the industry.

WealthTrust launches SL’s first direct bidding platform for government securities

In a pioneering move within the primary dealer industry in Sri Lanka, WealthTrust Securities announced the launch of a state-of-the-art online platform that enables clients to place bids directly at primary auctions for government securities.

Aitken Spence 1Q EBITDA jumps 111% YoY

Leading blue-chip conglomerate Aitken Spence PLC reported an impressive EBITDA (earnings before interest cost, tax, depreciation and amortisation) of Rs.4.3 billion for the first quarter of 2024/25 (1Q25), a triple-digit growth of 111 percent over that of the first quarter of the previous year.

Fitch rates DFCC Bank’s proposed first green bond ‘A-(EXP)(lka)’

Fitch Ratings has assigned DFCC Bank PLC’s (A-(lka)/Stable) proposed Sri Lankan rupee-denominated senior unsecured listed green bonds of up to Rs.2.5 billion an expected National Long-Term Rating of ‘A-(EXP)(lka)’.

Week commences on a positive note

The ASPI edged up as a result of price gains in counters such as Commercial Bank, Melstacorp and LOLC Holdings with the turnover crossing Rs 337 Mn. Meanwhile, the S&P SL20 closed in green. High net worth and institutional investor participation was noted in Kelani Tyres and Ceylinco Insurance.

Market slumbers ahead of today’s bond auction

The secondary market remained quiet throughout the day, as participants awaited the upcoming Rs.60.0 billon bond auction scheduled for today.

ComBank adopts Bloomberg Data License to streamline portfolio mgt. and operations

Bloomberg announced that Commercial Bank of Ceylon (ComBank) has adopted Bloomberg’s Data License to access reliable, high-quality reference data and to streamline their portfolio management.

Ceyline Group selects Enterprise Analytics for Acumatica ERP implementation

Enterprise Analytics (EA), an IFS and Acumatica partner with offices across the globe, is set to spearhead the Ceyline Group’s digital transformation initiative.

Colombo Stock Exchange accredited as a Great Place to Work in Sri Lanka

The Colombo Stock Exchange (CSE) has once again been accredited as a Great Place to Work in Sri Lanka.

Siyapatha Finance opens 50th branch in Valaichchenai

Siyapatha Finance PLC opened its 50th branch in Valaichchenai recently.

Star Garments wins Gold at SLITAD People Development Awards

Star Garments Group (“Star”) emerged victorious at the recently held SLITAD People Development Awards for 2023/24, clinching a coveted Gold award in recognition of its continued efforts in embracing some of the best-in-class human capital practices, setting new benchmarks in Sri Lanka’s apparel industry.

David Pieris Automobiles opens pre-bookings for NETA electric SUVs

David Pieris Automobiles (Private) Limited (DPA) announced the opening of pre-bookings for NETA, the electric and innovative vehicle for permit holders.

Nepalese bankers visit People’s Bank

In an initiative to enhance the understanding of credit practices and foster international banking collaborations, Branch Managers of Nepali commercial banks recently undertook an exposure visit to People’s Bank.

NDB Bank collaborates with NEDA to empower SMEs into brighter future

In a major initiative to strengthen the capabilities of Sri Lankan SMEs, the National Development Bank (NDB), in collaboration with the National Enterprise Development Authority (NEDA),

Central Bank invites papers for International Research Conference 2024

The Central Bank of Sri Lanka (CBSL) has called for submission of research papers on various topics for their thirteenth annual research conference that will be held in Colombo come December.

Aberdeen Group shines at Presidential Environment Awards

Ex-pack Corrugated Cartons PLC and Neptune Recyclers, subsidiaries of Aberdeen Holdings, were honoured with awards at the Presidential Environment Awards 2024.

Link Natural features exclusive B2B offerings at Hotel Show Colombo

Link Natural made its presence felt at the Hotel Show Colombo 2024, held for the 16th time at the BMICH recently.

Dual digital zone openings in Kandy and Katugastota

In a strategic move to enhance digital banking accessibility and customer convenience, Pan Asia Bank, has launched state-of-the-art digital zones in both Kandy and Katugastota.

SLTPB concludes major influencer campaign to promote SL for winter season

The Sri Lanka Tourism Promotion Bureau (SLTPB) recently concluded a major influencer campaign in partnership with travel influencers representing key source markets, aiming to promote Sri Lanka as a top holiday destination for the upcoming winter season.