FIU, NGO Secretariat collaborate to handle money laundering and terrorist financing

Sri Lanka’s Financial Intelligence Unit (FIU) signed a Memorandum of Understanding (MOU) with the National Secretariat for Non-Governmental Organizations earlier this week to strengthen information sharing on money laundering and terrorist financing investigations.

Dialog Axiata rebounds in 3Q, delivering growth in core revenue and profitability

Dialog Axiata PLC consolidated financial results for the nine months ended 30th September 2024 shows a rebound in the third quarter with improvement in revenue and profitability.

ASPI bounces back

The ASPI edged up as a result of price gains in counters such as John Keells Holdings, Melstacorp and Dipped Products with the turnover crossing Rs. 2.1 bn.

Yield curve sees mild buying interest on short to mid end

The secondary market yield curve witnessed mild buying interest primarily on the short to mid end of the curve. The market experienced thin trading volumes and limited activity. A slight decrease in the yield curve for bonds maturing between 2027 and 2028 was witnessed.

Pan Asia Bank unveils Privilege Banking for premier customers

Pan Asia Bank announced the official launch of Privilege Banking, which is an exclusive business proposition for its premier customers, designed to provide a highly-personalised and elevated banking experience.

SLASSCOM congratulates Dr. Hans Wijayasuriya

Sri Lanka Association for Software and Services Companies (SLASSCOM) extends its warmest congratulations to Dr. Hans Wijayasuriya as he steps into a pivotal role to lead Sri Lanka’s digital economy agenda.

HNB-United Mercury Group collaborate for agri and construction sector equipment financing

HNB PLC recently announced a landmark partnership with United Mercury Group (UMG), a leading supplier of agricultural and construction machinery. This strategic collaboration aims to revolutionise the accessibility of high-quality equipment for farmers and construction professionals through innovative leasing solutions. The partnership was formalised with the signing of a memorandum of understanding (MoU) at HNB Towers, attended by senior offic

Hayleys Fentons triumphs at CNCI Achiever Awards 2024

Hayleys Fentons Limited has achieved remarkable success at the prestigious CNCI Achiever Awards 2024, winning five awards for business and engineering excellence.

ComBank Digital wins Gold at NBQSA 2024

Commercial Bank of Ceylon has won the coveted Gold at the 2024 National Best Quality Software Awards (NBQSA), the national ICT awards.

Cake mixing ceremonies herald Christmas

As Christmas festivities approach, Arpico offers a slice of holiday magic with the Christmas cake preparation ceremony held recently.

Raffles Consolidated to mark 25 years of excellence

Raffles Consolidated (Pvt.) Ltd, a leading name in Sri Lanka’s hospitality industry, will celebrate its 25th anniversary on December 1, 2024.

KTI strengthens STEM learning with PlayShifu launch

Kiddies & Toys International (Pvt.) Ltd (KTI), a pioneer in bringing joy and educational value to families, introduces PlayShifu, a leading educational toy brand, to Sri Lanka.

Great Place to Work hosts insightful CXO Forum

Great Place to Work Sri Lanka recently held its highly anticipated CXO Forum under the theme ‘The future of work is now’, bringing together key industry leaders to discuss the rapid changes shaping the workplace of tomorrow. The forum explored how organisations can adapt to this new reality, with discussions on evolving workforce expectations and the critical need for businesses to remain competitive and capable of attracting and retaining top t

Hemas Holdings achieves growth despite revenue decline

Hemas Holdings PLC reported strong profitability for the six months ended September 30, 2024, despite facing a challenging market environment characterised by cautious consumer spending and competitive pressure in key sectors.

Five entities win BIA currency exchange counter bids worth Rs.2.3bn

Five entities have won bids to operate currency exchange counters for a period of three years at Bandaranaike International Airport (BIA), Katunayake, with their total bid worth exceeding Rs.2.3 billion.

JAT posts 67% PAT growth despite Bangladesh crisis

JAT Holdings PLC, Sri Lanka’s leading wood coatings and brushes provider, showcased strong resilience in the second quarter and first half of the 2025 financial year.

Cartoon 07.11.2024

Access Engineering to build Sri Lanka’s first facility to produce FDG for cancer detection

Access Engineering PLC is gearing up to build Sri Lanka’s first cyclotron-based radiopharmaceutical production facility, with a development cost of US $ 6.5 million.

Colombo suburbs to see 1,996 housing units under Chinese grant

The government is moving forward with a major housing project to build 1,996 housing units for low-income families currently living in underserved areas of Colombo and its suburbs, with the support of a grant from China.

Sri Lanka’s rubber market grapples with climate impacts

Sri Lanka’s rubber sector saw a mixed performance in October, with the local production impacted by adverse weather.

Indices close on a negative note

Indices closed in red as a result of price losses in counters such as Commercial Bank, Melstacorp and DFCC Bank with the turnover crossing Rs. 3.2 Bn.

Auction yields ride high again

The secondary market displayed a mild buying interest on mid-tenures during the day amidst limited activities and low trading volumes.

APFASL Annual Conference 2024 focuses on legislative reforms and economic change

The Association of Public Finance Accountants of Sri Lanka (APFASL), the Public Sector Wing of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), held its Fifth Annual Conference recently at the CA Sri Lanka Auditorium.

Standard Chartered Sri Lanka receives multiple accolades from GPTW

Standard Chartered Sri Lanka has secured the Great Place to Work (GPTW) certification for the sixth consecutive year.

HNB collaborates with KIU Group to enhance financial and professional opportunities

HNB PLC recently announced its partnership with the KIU Group, a conglomerate that provides comprehensive educational and professional opportunities, to nurture the country’s next generation of leaders.

First Capital pioneers WhatsApp transactions for Unit Trust Funds

First Capital announced the launch of its groundbreaking Unit Trust investment and withdrawal service via WhatsApp.

SLT-Mobitel recognized at LMD Awards Night

Lanka Monthly Digest (LMD) recently held a ‘LMD Awards Night’, honouring 25 outstanding corporates and celebrating three decades as Sri Lanka’s pioneering business magazine.

PMF Finance welcomes four new Independent Non-Executive Directors to Board

PMF Finance PLC announced the appointment of four new Independent Non-Executive Directors to its Board.

Seylan Bank relaunches Affinity Credit Card with exclusive benefits for Rotarians

Seylan Bank announced the relaunch of its Affinity Credit Card, designed exclusively for members of the Rotary District 3220 – Sri Lanka and Maldives.

Salesforce to drive AI led digital transformation in Sri Lanka

Salesforce, the #1 CRM, powered by AI technology and capabilities, has reinforced its commitment to digitally transforming businesses in Sri Lanka, aligning with the country’s 2030 vision for a digital Sri Lanka.