FIU SL-Registrar General partner to track money laundering via trusts

Sri Lanka’s Financial Intelligence Unit (FIU) has partnered with the Registrar General’s Department to monitor trusts and property registrations for the potential money laundering activities.

Golden Island Hospitality to launch Majestic Pride Casino in Sri Lanka

Golden Island Hospitality (Pvt.) Ltd has entered into an agreement with the renowned Majestic Group Hotels & Casinos, a leading gaming group from India, to establish Majestic Pride Casino, Sri Lanka.

Chevening Scholarship applications now open for Sri Lankan students

The applications for Chevening Scholarships, the UK government’s global scholarship programme, funded by the Foreign, Commonwealth and Development Office and partner organisations to study in the UK, are open for Sri Lankan students, the British High Commission Sri Lanka announced yesterday.

CSE Educational Academy requests applications for registration of lecturers

The Colombo Stock Exchange (CSE) this week called for applications from the potential educators and professionals to register with the CSE Educational Academy as lecturers.

tuktukrental.com fosters community with plans to double fleet by year end

tuktukrental.com, a prominent social business revolutionising the transportation sector in Sri Lanka, announced plans to expand its fleet to 1,000 tuktuks by end-2024.

Offering at Colombo Tea Auction remains static this week

The offerings at the Colombo Tea Auction remained static this week, totalling to 5.8 million kilogrammes.

Week ends with gains

The ASPI closed in green as a result of price gains in counters such as Sampath Bank, Richard Pieris & Company and Aitken Spence with the turnover crossing Rs 403 Mn.

Market wraps cautious ahead of bond auction

The secondary market yield curve remained broadly unchanged amidst limited trading activity and thin trading volumes as market participants remained on the sidelines ahead of the upcoming Rs.60.0 billon worth bond auction announced yesterday.

Sri Lanka showcases pharma industry potential at Vietnam’s ‘Medi Pharm Expo’

Sri Lankan pharmaceutical product manufacturers participated at the 22nd Medi Pharm Expo held at the DIECC (KohPich) in Hochi Minh City , Vietnam recently.

Singer unveils Honor Magic 6 Pro smartphone as new entrant to high-end market

Singer Sri Lanka PLC set a new benchmark for flagship smartphone devices in the country with the unveiling of the Honor Magic 6 Pro.

People’s Bank sponsors Kandy Esala Perahera

People’s Bank has yet again come forward to sponsor the historical Kandy Esala Perahera.

Sri Lankan team wins four bronze medals at Chemistry Olympiad 2024

Sri Lankan students demonstrated exceptional skills by securing four bronze medals at the recently concluded 56th International Chemistry Olympiad (IChO) held at King Saud University, Riyadh, Saudi Arabia.

Korean Buddhist Association delegation visits Sri Lanka

A 37-member delegation of the Korean Civil Service Buddhist Association arrived in Sri Lanka recently to promote Sri Lanka’s hospitality and cultural experience, creating awareness on Sri Lanka Tourism to the High End travellers in Korea.

Casio’s takes major enforcement action to safeguard consumer interests

Casio Computer Co. Ltd, headquartered in Japan recently got a significant enforcement action conducted in Sri Lanka as part of the Casio Group’s IP Enforcement Policy to combat the escalating issue of Casio’s counterfeits in the Sri Lankan market and protect its valued consumers.

Lanka IOC donates dialysis machine to Anamaduwa Base Hospital

The 14th Hemodialysis machine donated by Lanka IOC was handed over to Anamaduwa Base Hospital Medical Superintendent Dr. Lasantha Liyanage by Lanka IOC Managing Director Dipak Das recently.

Apparel buyers may shift to SL until B’desh stabilises: JAAF

As Bangladesh, a major player in the global apparel market, grapples with a severe crisis, Sri Lanka is poised to benefit from some apparel orders in the short term, according to the Joint Apparel Association Forum (JAAF).

Oversupply squeezes Ceylon Grain Elevators’ second quarter profits

Ceylon Grain Elevators PLC, Sri Lanka’s largest poultry producer, saw a decline in both revenue and profit in the second quarter due to an oversupply of chicken, leading to lower prices and volumes.

New Customs unit to address public complaints

The government has set up an Internal Customs Unit within Sri Lanka Customs (SLC) to investigate public complaints, following increased public scrutiny, the Finance Ministry announced yesterday.

Teejay Lanka reports turnaround with Rs. 273.7 mn profit

Teejay Lanka PLC, Sri Lanka’s first multinational textile manufacturer, has turned around its financial performance in the quarter ended June (1Q25).

Dipped Products to acquire Thailand-based rubber glove manufacturing facility

Dipped Products PLC, a pioneer in the protective hand-wear industry, is gearing up to acquire a Thailand-based rubber glove manufacturing facility.

Tokyo Cement revenue drops 3 percent YoY on price cuts

Tokyo Cement Group reported 3 percent decrease in revenue to Rs. 11.66 billion for the quarter ending June (1Q25), despite a rise in sales volume. The company attributed the revenue drop to lower prices compared to the same period last year.

Sampath Bank reports solid 2Q with growth in loans and net income

Sampath Bank PLC reported some robust top and bottom-line performance on the back of prudent management of assets and liability re-pricing in its second quarter (2Q24). Growth was also seen in new loans which was however outpaced by the growth in deposits.

Indices close in red

The ASPI closed in red as a result of price losses in counters such as Hatton National Bank, Richard Pieris & Company and National Development Bank with the turnover crossing Rs. 629 mn.

Uncertainty prompts thin trading volumes

The secondary market experienced limited activities and thin trading volumes across the market, as a result of political uncertainty.

CA Sri Lanka’s 45th National Conference to revolve around ‘Marching Beyond Margins’

With the outlook for Sri Lanka looking more hopeful than it had in the past few recent years, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will once again engage professionals, including young business leaders, at the 45th National Conference of Chartered Accountants to play a critical role in helping the country seize new opportunities in its march towards a robust economy.

Dijital Team achieves Great Place to Work certification in SL

Dijital Team, a global service provider offering smarter offshoring solutions for IT businesses, has been awarded the Great Place to Work certification.

SL-Greater Mekong Business Council meets Thai Ambassador

The President and Executive Committee of the Sri Lanka-Greater Mekong Business Council (SLGMBC) of the Ceylon Chamber of Commerce recently held a meeting with Ambassador of Thailand Paitoon Mahapannaporn and Counsellor of Thailand to Sri Lanka Prangtip Kongrittisuksakon.

Union Assurance with Union Chemists offers discounts

Union Assurance, Sri Lanka’s premier life insurer, continues to support customers in enriching their well-being by collaborating with top-tier service providers nationwide.

Amana Takaful mobile app wins Insurance Asia Award

Amana Takaful Insurance, Sri Lanka’s fastest growing and most awarded insurance company, has received the prestigious title of Mobile App of the Year– Sri Lanka, at Insurance Asia Awards 2024.

Dialog Television Introduces All- New Prepaid Channel Plans with even more channels.

Dialog Television, Sri Lanka’s #1 Pay TV provider, has introduced three new prepaid plans designed to enhance customer value, reinforcing its commitment to delivering a wide array of television content across the country. These plans provide access to over 100 channels, ensuring unmatched entertainment.