AMW and Yamaha OBM donate computers to St. Roches College

Associated Motorways (Private) Limited (AMW), in partnership with Yamaha Outboard Motors (OBM) has recently donated 10 personal computers to St. Roches College in Ambakanadawila, Chilaw. This initiative underscores the commitment of AMW to support education and give back to the communities who have supported them over the years. The Ambakanadawila community is significant for Yamaha Outboard Motors, and St. Roches College was selected for this i

SLICGL partners with Hameedia to offer Motor Plus Comprehensive Customers exclusive benefits

Sri Lanka Insurance Corporation General Limited (SLICGL) announced a strategic partnership with Hameedia recently. The collaboration provides SLICGL’s Motor Plus Comprehensive policyholders exclusive discounts and benefits, marking the initiative as a first-of-its-kind in the Sri Lankan insurance market. The partnership was formalized through the exchange of a Memorandum of Understanding (MoU) held on June 28 at the Envoy Mansion. The MoU was si

DFCC holds Poson Bhakthi Gee and Dansal in Colombo and Kandy

DFCC Bank recently commemorated Poson Poya Day with Bhakthi Geetha and Dansal programmes in Colombo and Kandy. In Colombo, the event was held at DFCC Bank – Borella branch premises on June 20, while in Kandy, it was held on June 21 in front of the main Wahalkada of the Sri Dalada Maligawa. Keeping with the bank’s focus on digital enablement, the events were livestreamed on DFCC Bank’s Facebook and YouTube channels. DFCC Bank Chairman J. Durair

Mixed sentiment inverts the secondary market

The secondary market witnessed a mixed sentiment during the day backed by limited activity and thin volumes as investors eagerly yearned for clear direction and market sentiment. Towards the short end of the curve, slight selling interest was witnessed on 15.12.26, which traded at 10.90 percent. Furthermore, 15.12.27, which was traded at the T-bond auction yesterday witnessed buying interest and marked trades during the day, registering at 11.8

Miniso introduces new shopping experience to SL customers

Miniso with its rejuvenated fresh outlook on life, is bringing a double dose of fun, positivity, and excitement into Sri Lankan shoppers. Abans, the franchise holder for Miniso in Sri Lanka, is taking things up a notch with a spectacular expansion plan across the country. With over 10 showrooms already established island-wide, the new plan sets Miniso to double its presence by bringing its unique shopping experience even closer to consumers. Bu

Week ends in green

The ASPI closed in green as a result of price gains in counters such as Commercial Bank, Bukit Darah and Hayleys with the turnover crossing Rs 653 Mn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Greentech Energy, Hatton National Bank and John Keells Holdings. Mixed interest was observed in Hayleys, Commercial Bank and Commercial Credit & Finance whilst retail interest was

Hambantota Port records significant 1H gain in LPG, bunker volumes 

Hambantota International Port (HIP) reported a strong performance in the first half of the year (1H24) with significant growth in LPG operations and bunker volumes, highlighting its expanding capabilities.

SL Customs raises concerns over FinMin’s ‘No Go’ stance to ADB proposed container yard

Sri Lanka Customs has raised concerns over the ‘No Go’ indication from the Finance Ministry to the proposed container clearing yard with a 3,000-container capacity.

SL ranks among top 10 for affordable travel in Asia

Sri Lanka has been ranked as one of the top 10 most affordable destinations to travel in Asia by Times of India.

Unisyst Engineering announces end of exit offer

Unisyst Engineering Plc of Hayleys Group, announced this week the end of the exit offer pertaining to the desliting of ordinary shares of the company from the official list of the Colombo Stock Exchange (CSE).

Local agriculture under spotlight with ADB looking to bring needed reforms

Sri Lanka’s agriculture sector came under fresh spotlight with the Asian Development Bank (ADB) carrying out a consultation mission to bring in the necessary reforms.

Semasinghe stresses urgent need to expand non-debt foreign exchange inflows

As Sri Lanka nears the end of its complex debt restructuring process, State Minister Shehan Semasinghe called on economic stakeholders to help lay the groundwork for recovery and growth.

Port City Colombo duty free mall to open doors before September

The highly anticipated Port City Colombo downtown duty-free mall is gearing up to open doors by September this year as its two operators have been successful in obtaining the Businesses of Strategic Importance (BSI) status.

ASPI edges down

The ASPI edged down as a result of price losses in counters such as John Keells Holdings, Sampath Bank and SMB Leasing nonvoting with the turnover crossing Rs. 541 mn.

Selling pressure dominates post auction

The Central Bank conducted the first bond auction for the month offering Rs. 138.0bn from the 15.12.2027 and 01.12.2031 maturities.

CSE Masterminds Quiz 2024, a resounding success

The sixth Edition of Sri Lanka’s only corporate capital market quiz, the CSE Masterminds Quiz competition, organised by the Colombo Stock Exchange (CSE), was held on July 5, 2024, at the Main Ballroom, Shangri-La Colombo.

OASES Global’s Singapore operations to boost academic, migration opportunities

Leading Sri Lankan educational consultation services company, OASES Global Pte Ltd has commenced its Singapore operations and the move is expected to boost academic and migration opportunities of Sri Lankans. The initiatives undertaken by OASES will also provide students with enhanced opportunities for internships, research collaborations and professional networking, thus improving their career prospects.

Sampath Bank sponsors Royal Colombo Golf tournament

Sampath Bank announced its sponsorship of the prestigious July Monthly Medal Event at the Royal Colombo Golf Club (RCGC), scheduled for July 12 and 13, 2024.

Institute of Chemistry successfully concludes Open Day

On July 6, 2024, the Institute of Chemistry Ceylon hosted a highly successful Open Day at Adamantane House, Rajagiriya, attracting a large number of prospective students and their parents.

People’s Bank upgrades Padukka service centre

With the aim of providing a full range of seamless digital banking services to its customers, People’s Bank upgraded its Padukka service Centre into a fully-fledged branch and ceremonially opened it to the public recently, making it the 352nd People’s Bank branch in the country.

Sanasa General Insurance receives Best Work Place of the Year award

Sanasa General Insurance Company, Sri Lanka’s leading insurance company, was awarded the Best Work Place of the Year Award at the Business World International Awards organised by the Business World International Organisation (BWIO).

John Keells Logistics launches innovative fleet management operation for DHL Express Sri Lanka

John Keells Logistics (JKLL), a leading provider of 3PL services in Sri Lanka, launched a new fleet management operation in partnership with DHL Express Sri Lanka earlier this year.

Adding value to SRI LANKA’s ever-evolving healthcare landscape: Hemas Healthcare

In a landscape where healthcare challenges are ever-evolving, Hemas Healthcare has emerged as a pillar of innovation and quality in Sri Lanka.

DFCC Affinity credit cards take propositions to diverse customer segments

Appealing to diverse customer segments and demographics, DFCC Affinity credit cards are an excellent tool for empowering associations and their membership to create new opportunities.

Institute of Bankers offers opportunities for interns

The Institute of Bankers of Sri Lanka (IBSL) has initiated a project of partnership with banks and non-bank financial institutions to open opportunities for students under the new curriculum to work in those institutions as interns and obtain hands on experience of business operations of banking and finance.

Siyapata Finance opens new Nawalapitiya branch

Premier finance company Siyapatha Finance PLC recently unveiled its 49th branch at No. 54, Gampola Road, Nawalapitiya to its loyal customers.

Kingslake achieves Gold Partnership with Infor

Kingslake, a leading provider of enterprise software solutions, has achieved Gold Partnership status with Infor, a global leader in business cloud software products for industry-specific markets.

SL's new visa fee does not discourage int’l visitors: VFS Global

Sri Lanka’s tourism industry has expressed serious concerns over the government’s decision to outsource visa issuance, making entry slightly more expensive.

Govt. to assess estate companies’ ability to pay new wages

The plantation companies that have been avoiding the recently approved Rs.1,700 daily wage for the workers will soon have to justify their stance.

Cabinet nod for more secondary businesses at Port City

The Cabinet of Ministers yesterday gave the greenlight to designate 13 more entities as businesses of strategic importance, under the provisions of Colombo Port City Economic Commission Act No.11 of 2021.