Secondary market logs another week of falling auction yields

The secondary market saw a pre-auction buzz with moderate buying interest in short to mid-term maturities, where 01.06.26 and 15.12.27 traded at 10.65 percent and 11.65 percent, respectively. Meanwhile, four-year tenures, including 15.12.28 and 15.03.28 hovered within the range of 11.75 percent and 11.70 percent, whilst 01.05.28 and 01.07.28 traded in the range of 11.82 percent and 11.80 percent. Furthermore, at the weekly T-bill auction held y

SITA AERO in talks to boost BIA efficiency with smart kiosks

As Sri Lanka is on the lookout for avenues to improve passenger services, SITA AERO, a leading technology provider for the air transport industry, shared that it is in discussion with the local authorities to expand smart self-service kiosks and self-bag drop facilities.

Link Natural collaborates with GDSA for Dentistree Congress

Link Natural, Sri Lanka’s leading manufacturer of herbal healthcare and personal care products, continued to build on its strong relationships with key stakeholders by becoming the main sponsor at the first-ever Dentistree Congress 2024 and the platinum jubilee (70th anniversary) celebration of the Government Dental Surgeons’ Association (GDSA) held at Monarch Imperial recently. Hosted by Dentistree, the academic arm of GDSA, the Dentistree Congr

People’s Bank unveils newly-built Matale banking complex

People’s Bank officially unveiled its Matale regional head office and Matale branch recently. The newly-built four-storey building conveniently located at No.45, Raja Veediya, Matale was ceremonially declared open by Finance State Minister Shehan Semasinghe. For over 63 years People’s Bank has been in the forefront to meet the banking and financial needs of the Sri Lankan public. This modern banking complex was opened with the aim of providing t

CEAT Kelani wins 8 Golds at Quality Convention

Eight quality improvement projects implemented at CEAT Kelani Holdings have won Gold awards for Sri Lanka’s leading tyre manufacturer at the National Convention on Quality and Productivity 2024, organised by the Sri Lanka Association for the Advancement of Quality and Productivity. Noteworthy about this achievement was that Every quality improvement project presented by CEAT Kelani at the convention received a Gold award and the teams that presen

First Capital wins Digital Trust Top Technology Resilient Company Award

First Capital Holdings PLC, a member of the Janashakthi group, was honoured with the Technology Resilient Company of the Year 2024 award in the capital markets sector at the inaugural Digital Trust Awards 2024, organised by the Information Systems Audit and Control Association (ISACA) Sri Lanka. The company states that this recognition showcases its contribution and commitment to maintaining technological excellence, innovation and resilience in

HNB MOMO’s mini-POS device empowers businesses

Sri Lanka’s leading mobile payment solution HNB MOMO, announced a significant enhancement to its offering by introducing the mini-POS (point-of-sale) device, PAX D188 - compatible with a range of digital payment acceptances. The device is a more modern and versatile mini-POS equipped with an integrated QR code camera. It is designed to streamline transactions and generate revenue faster by allowing merchants to accept a wider range of payment met

Growth with Goodness: Adani accomplishments with sun, sea and wind

On miles and miles of barren marshy land, in the Gujarat state of India, bordering Pakistan, the Earth’s largest renewable energy park is being developed.

Global economy in sticky spot: IMF

The International Monetary Fund (IMF) projects global growth to be in line with the April 2024 World Economic Outlook (WEO) forecast, at 3.2 percent in 2024 and 3.3 percent in 2025.

Govt. urges businesses to pass on benefits of electricity tariff drop to consumers

Businesses were yesterday urged to pass on the benefits from the recent electricity tariff reduction to consumers, who are grappling with the country’s high cost of living.

Fitch halts rating for SriLankan Airlines

Fitch Ratings yesterday announced it has chosen to withdraw the rating of SriLankan Airlines for commercial reasons and therefore will no longer provide ratings or analytical coverage for the national carrier.

Consumer confidence hits record high in June

Sri Lanka’s consumer confidence expanded in June, reaching an all-time high, a report from the Institute for Health Policy (IHP) showed.

Five entities approved to operate BIA currency exchange counters

The Cabinet of Ministers yesterday approved the operation of currency exchange counters by five firms at the Bandaranaike International Airport (BIA), Katunayake. Accordingly, Sampath Bank, People’s Bank, Commercial Bank of Ceylon, Thomas Cook Lanka and Bank of Ceylon have been awarded the contracts,

Island-wide student article contest on economic reforms

In an effort to engage Sri Lanka’s youth in shaping the nation’s future, the government announced the launch of a nationwide newspaper article competition. This initiative aims to spark interest among young citizens in the Financial Management Bill and Economic Transformation Bill. Organised by the Presidential Secretariat, Ministry of Education, and Government Information Department, the contest aims to engage students in envisioning a developed

Local manufacturers now benefit from a much more competitive electricity tariff rate: JAAF

Sri Lankan manufacturers will now benefit from a tariff rate that is much more competitive, Sri Lanka’s apparel sector said, commending the Public Utilities Commission of Sri Lanka (PUCSL) for slashing charges that were unbearable to the business community.

June PMI points to robust growth in both manufacturing and services

The Purchasing Managers’ Indices (PMI) for both manufacturing and services sectors reflected continuing expansion in the activities giving confidence that the economy is on a persistent growth trajectory, further moving itself away from the crisis-struck two years.

Indices close on a mixed note

The ASPI edged down as a result of price losses in counters such as Ceylinco Insurance, Commercial Bank and Browns Investments with the turnover crossing Rs. 1.0 bn.

Buying appetite dominates for second continuous day

The secondary market yield curve slightly adjusted downwards on the belly, as buying interest continued to dominate the market during the day.

SriLankan Aviation College gains Nepal Civil Aviation Authority accreditation

SriLankan Aviation College, a regional leader in aviation training, achieved a significant milestone by receiving accreditation from the Civil Aviation Authority of Nepal for Type Training.

Experts urge Sri Lanka to adopt Thailand’s strategies in FTA negotiations

As Sri Lanka advances its trade liberalisation efforts through new preferential agreements, experts are urging the government to learn from the strategic approaches of other nations.

International Chamber of Commerce Sri Lanka partners with ACCA

The International Chamber of Commerce Sri Lanka (ICC Sri Lanka) and Association of Chartered Certified Accountants (ACCA) have officially signed a memorandum of understanding (MoU), marking the beginning of a significant strategic partnership aimed at advancing and fostering excellence in the accountancy and finance professions in Sri Lanka.

Union Assurance hosts MDRT Conference and Premier Club Awards

Union Assurance recently hosted the prestigious MDRT Conference at Grandeeza Hotel, Negombo, bringing together MDRT-qualified life insurance advisers to celebrate their exceptional achievements.

Sarvodaya Development Finance’s profits and assets soar

Sarvodaya Development Finance PLC has achieved a record-breaking year in terms of financial performance, marking the financial year 2023/24 as one of unprecedented growth and resilience.

HNB Finance uplifts over 300 entrepreneurs in K’gala, Kegalle

Sri Lanka’s leading integrated financial services provider HNB Finance PLC successfully concluded the third and fourth phases of its Financial Literacy for Development programme this year.

99x introduces OptimaxerAI Web platform

99x announced the launch of OptimaxerAI Web, an innovative platform designed to run artificial intelligence (AI) directly in the browser.

ZKTeco by Debug hosts successful lunch and learn session

A recent lunch and learn event hosted by ZKTeco by Debug drew in a packed crowd of valued partners, showcasing the latest advancements in cutting-edge technology.

SLT-Mobitel bags two TMForum Digital awards in Denmark

SLT-Mobitel was honoured with two key prestigious accolades at the TMForum Digital Transformation World - DTW24 IGNITE Awards recently, in Copenhagen, Denmark.

AIA Insurance continues to lead digital innovation

AIA Sri Lanka continues to lead the way in digital innovation within the insurance industry, setting new benchmarks for customer convenience and technological advancement.

Nestlé Lanka celebrates partnerships at Connect@Nest’24

Nestlé Lanka recently held the Connect@Nest’24 event, to honour and recognise the valued business partnerships of the ‘Good Food Good Life’ company.

ACCA Approved Employer Programme

In today’s fast-paced and competitive business world, employers are increasingly recognising the importance of investing in their workforce’s professional growth and development. This not only enhances employee performance but also contributes to the overall success and growth of the organisation. The ACCA (Association of Chartered Certified Accountants) Approved Employer Programme is a prestigious initiative that acknowledges employers who uphol