Dialog powered-DIF makes strategic investment in Scybers

Scybers Inc., the fast-growing global cybersecurity firm, announced that the Digital Innovation Fund (DIF),

Sarvodaya Development Finance ranked as No.1 in category by K Seeds Investments

Sarvodaya Development Finance PLC has achieved a historic milestone by being recognised as the number one company in its category according to the ranking report published by K Seeds Investments (Pvt.) Ltd.

Abans unveils Yadea Ossy electric bike series, recognises best performers

The newest model of the Yadea electric bike series, Yadea Ossy, was unveiled at the Yadea -Abans Auto partners get-together, an event that was held to witness the newest products and technology of Yadea, while celebrating the best performers from the showroom and dealer channels.

People’s Bank moves Galkiriyagama branch to new premises

People’s Bank Galkiriyagama branch was moved to a new location recently.

CameraLK unveils new Sony service centre

CameraLK, Sri Lanka’s leading camera retail giant, recently unveiled its brand-new CameraLK service centre at 244, High Level Rd, Colombo 05.

Diva celebrates ‘Daathata Diriyak’ winners

The ‘Diva Daathata Diriyak’ entrepreneurial skills development programme, organised by Diva, the flagship laundry care brand by Hemas Consumer Brands, in partnership with Women in Management (WIM), has continuously empowered women with the knowledge, skill and confidence required to navigate the entrepreneurial challenges faced in today’s economic landscape.

Norfolk presents LMG range at THAIFEX ANUGA ASIA 2024

Norfolk Foods (Pvt.) Ltd, a pioneer in frozen food manufacturing in Sri Lanka, participated in THAIFEX ANUGA ASIA 2024, Asia’s leading food and beverage trade show, held in Bangkok, Thailand recently.

Honda crowned as Most Loved Motorbike Brand by LMD

Stafford Motor Co (Pvt.) Ltd, the sole distributor for Honda in Sri Lanka, announced that Honda has won the prestigious title of ‘Most Loved Motorbike Brand’ in the automobile sector of LMD’s Brands Annual Ranking 2024.

Colombo inflation rises to 2.4% in July as base effects wane

Inflation in the Colombo district came in at 2.4 percent in July from a year ago, slightly higher from June’s 1.7 percent, as the favourable base effects are dissipating.

Gazetted regulations clear path for banks to operate at Port City Colombo

The banks will soon begin operations at Port City Colombo, now that the offshore banking regulations have been gazetted, paving the way for the area to become a major financial hub.

EPF receives Rs.231mn in Laugfs Gas share manipulation case

The Employees’ Provident Fund (EPF) received Rs.231 million for the loss it made in October 2011, due market manipulation with regard to the purchasing of shares of Laugfs Gas PLC.

Central Bank launches inaugural Market Operations Report

The Central Bank of Sri Lanka yesterday released its inaugural Market Operations Report (MOR), with the aim of enhancing awareness and knowledge among the stakeholders on the monetary operations carried out by the financial sector regulator, in line with the prevailing monetary policy stance.

Severe shortage triggers crisis at Registrar of Companies Dept.

A major crisis has sparked at Sri Lanka’s Registrar of Companies Department, due to the severe shortage of staff, hindering the smooth functioning of the administrative tasks, with the maintenance of its e-ROC project.

Cartoon 01.08.2024

Lower loan loss provisions help lift Seylan Bank June profits

Seylan Bank PLC appears to have stayed mostly on the sidelines without joining the lending drive, which the Central Bank so deliberately wants to reactivate by cutting rates, as it did as early as last week.

Construction sector activity reaches 30-month high

The construction sector activity continues to gather momentum with the index measuring its heft, touching the highest in 30 months. This gives hope that the sector is finally on a fast ascent, as the stalled and new projects are coming back.

July ends with LKR 4.0 Bn turnover

Indices closed in red as a result of price losses in counters such as John Keells Holdings, Sampath Bank and Melstacorp with the turnover crossing Rs. 3.9 Bn. Crossings were witnessed in Overseas Realty accounting for 74.0% of the turnover.

Auction yields hold steady amidst market subduedness

The secondary market exhibited subdued sentiment yesterday, marked by thin trading volumes following yesterday’s T-bond auction.

Softlogic Life settles its first claim through AI

In a landmark move, Health Insurer Softlogic Life settled its first claim through Artificial Intelligence (AI), signaling a huge move towards embracing the latest technology that will power the company’s processing ability, enabling substantial improvements in operational efficiency and customer convenience.

CA Sri Lanka calls entries for TAGS Awards 2024

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) announced the commencement of applications for the TAGS Awards 2024, celebrating excellence in corporate reporting for the 59th year.

COYLE pioneers Green Entrepreneurship and Mangrove Restoration in Sri Lanka

The Chamber of Young Lankan Entrepreneurs (COYLE) hosted ‘The Big Lunch’ along with iLEAD International Academy and Centre for International Forestry Research and World Agroforestry (CIFOR-ICRAF); a groundbreaking event aimed at bringing together stakeholders for the promotion of green entrepreneurship in Sri Lanka.

HNB Assurance partners Cargills Bank to offer tailor-made insurance solutions

HNB Assurance (HNBA) recently announced a strategic partnership with Cargills Bank, aimed at providing tailor-made insurance solutions that cater to the unique needs of their customers.

Greenlam Industries’ DesignNXT 3.0 sparks Indo-Sri Lankan Design Dialogue

Greenlam Industries, a global leader in surfacing solutions concluded its highly anticipated DesignNXT 3.0 event in Sri Lanka on July 27.

Survey reveals crucial insights on employability skills in SL’s IT industry

SLASSCOM recently conducted an Employability Skills Survey aimed at assessing the current skills landscape and evaluating the readiness of candidates from Sri Lankan universities and higher educational institutes for the IT industry.

Webinar on ‘Taxes and the Constitution’

An online seminar on ‘Taxes & the Constitution’ will be conducted by KPMG Academy on August 5, at 3 p.m.

NSB supports Kumaratunga Munidasa Scholarship Awards

The Kumaratunga Munidasa Memorial Scholarship Awards, organized annually by Kumaratunga Munidasa Foundation, was held recently at the auditorium of Sambuddha Jayanthi Mandira, Colombo 04, in commemoration of the 137th birthday of the eminent scholar.

Asian Paints Causeway & Pit Pass to steer new era in automotive content

Asian Paints Causeway has entered a strategic partnership with Pit Pass, Sri Lanka’s leading digital content platform for automobiles and racing.

NDB Bank empowers SMEs with Digital Transformation through NEOSBIZ

In its efforts to support the digital transformation of small and medium-sized enterprises (SMEs), NDB Bank recently hosted a transformative event at the Solis Hotel.

Pan Asia Bank opens digital zones in two branches

Pan Asia Bank opened digital zones at its Homagama and Panadura branches recently.

EDB turns 45 today

The Sri Lanka Export Development Board (EDB) marks its 45th anniversary today.