Sri Lanka in 72nd spot in Global Index on Responsible AI

Sri Lanka is ranked 72nd position among 138 countries on the first- ever Global Index of Responsible AI 2024 publication.

Colombo Tea Auction sees 5.8 MnKgs on offer this week

The Colombo Tea Auction saw 5.8 million kilograms on offer this week which was met with fair general demand. Ex-Estate offerings remained fairly static and totalled 0.84 million kilograms. Following a general d

SL inks MoU with KSA to attract direct investment

A Memorandum of Understanding (MOU) has been signed between Sri Lanka and Saudi Arabia for cooperation in promoting direct investment between the two nations. This will be fa

Sri Lanka to boost regional maritime cooperation with BIMSTEC agreement

Sri Lanka will see a boost in its regional maritime corporation with the government gearing up to sign an agreement with the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC). The Cabinet

The Body Shop Fragrance Carnival entices scent enthusiasts

The Body Shop Sri Lanka recently held its first Fragrance Carnival at The Body Shop store located in Colombo City Centre. Themed around fra

NTB Amex launches Cuisines of the World campaign

Nations Trust Bank (NTB) American Express has launched the ‘Cuisines of the World’ campaign, offering the cardmembers ex

Hemas Hospitals celebrates International Nurses Day

To demonstrate profound respect and appreciation for its nursing staff, Hemas Hospitals in both Thalawathugoda and Wattala conducted a series of heartfelt events to celebrate the International Nurses Day. These events

AIA’s top performers shine at France President Club Convention

Congratulations to AIA Insurance’s outstanding wealth planners, who represented Sri Lanka at the magnificent AIA President Club Convention in Cannes, France. This exclusive event

INSEE Cement-Ecocycle-SL Police hold beach cleanup

On June 14, 2024, INSEE Cement and INSEE Ecocycle, in collaboration with the Sri Lanka Police, led a giant beach cleanup initiative at 10 locations along the coastal stretch from Negombo to Wattala to mark World Environment Day 2024.

Co-operative Insurance Company achieves record profitability in 1Q

Further demonstrating its excellence, Co-operative Insurance Company PLC (CICPLC) has managed to reach a stronger position in the first quarter of this year than the first quarter of the previous year. CICPLC, which has w

BOC honours Jaffna University outstanding students

Bank of Ceylon (BOC) participated in the recent 38th Convocation of the University of Jaffna, recognising exceptional academic achievements by awarding the prestigious BOC Gold Medal to two outstanding graduates. The BOC Gold Medal, a

LOLC SAVI and SLT-Mobitel Upahara enhance services for govt. employees

LOLC SAVI, the leading credit card solution provider for state sector employees and pensioners in Sri Lanka announced its strategic partnership with SLT-Mobitel. This allia

Gabo Travels-Trafalgar Tours appreciate long-standing clientele

Gabo Travels, in partnership with Trafalgar, recently hosted an exclusive event to celebrate and appreciate their long-stan

Ceylinco Life’s star performers celebrate wins in Dubai

The top-performing sales professionals of Ceylinco Life recently celebrated their career successes for Sri Lanka’s life insurance market leader with a company-hosted holiday in Dubai. The 16-member group comprising of the achievers of Ceylinco Life’s ‘Sales Superstar’ competition targets and the winners of an

Homelux holds culinary show at Havelock City Mall

Homelux, the renowned brand in redefining kitchen and living spaces, recently held an exciting culinary show. The event took place at the prestigious Havelock City Mall. It unfolded in partnership with Lebanon Chef, creating an interactive

HNB reaffirms commitment to a greener Sri Lanka

In celebration of the World Environment Day, Sri Lanka’s leading private sector bank HNB PLC reaffirmed its commitment to environmental stewardship by distributing saplings to select customers and senior management, alongside renewing t

NDB Bank celebrates World Environment Day 2024

NDB Bank, along with the youth wing of the Wildlife & Nature Protection Society (WNPS), celebrated World Environment Day 2024 (WED24) with a specially curated programme for the British School of Colombo. The sessions were curated to i

Pan Asia Bank upskills SME hoteliers

Pan Asia Bank selected the scenic locales of Ella to host a specially developed SME workshop to uplift the local tourism industry stakeholders in the region. The SME workshop w

ProMate supports visually impaired students’ education

Leading stationery manufacturer ProMate Sri Lanka participated in an impactful book collection drive recently to help visually im

SLT-Mobitel-STEMUP Foundation complete 1st CoderDojo programme

Empowering youth with essential coding skills for the digital future, SLT-Mobitel, in collaboration with the STEMUP Educational Foundatio

People’s Bank unveils Grade 5 scholarship seminars

People’s Bank has once again launched a series of educational seminars to enhance the knowledge and educational skills of children preparing for the Grade 5 Scholarship examination in partnership with the ‘Chooti Baba’ newspa

Crossings account for 55.6% of the turnover

Indices closed in green as a result of price gains in counters such as Teejay Lanka, Hatton National Bank and Sampath Bank with the turnover crossing Rs. 2.0 bn. Crossings were witnesse

A mixed end to the week

The secondary bond market saw mixed activities across mid to long tenors during yesterday although the overall market witnessed limited activities with thin volumes. Among the trade

UB Finance rights issue oversubscribed

UB Finance PLC announced this week that its rights issue was oversubscribed. UB Finance issued 423, 798, 049 ordinary voting shares, at two ordinary voting shares for every 13 ordinary voting shares held.

Notice

There will be no Mirror Business tomorrow (22) in view of today’s Mercantile Holiday. The next issue will be on Monday (24).

Asian telecom giant EDOTCO Group meets BOI

Asian telecom giant EDOTCO Group, represented by its Director for Governance, Risk and Compliance Azzahraa Annuar recently visited the Board of Investment (BOI) of Sri Lanka.

WB appoints new Country Director for Maldives, Nepal, SL

The World Bank has appointed David Sislen as the new Country Director for the Maldives, Nepal and Sri Lanka, effective July 1, 2024.

Sri Lanka plans development bank to boost industries

Sri Lanka is currently exploring the establishment of a development bank, a move that would facilitate the required funding to help improve the competitive capabilities of industries, President Ranil Wickremesinghe said.

Economic activities continue to expand as PMI logs higher values

The manufacturing sector resumed expansion while the services activities continued their growth in May, as the Purchasing Managers’ Index (PMI) signalled that the economic activities continue to do well, supported by the lower prices and interest rates.

Crossings boost turnover

The ASPI closed in red as a result of price losses in counters such as Sampath Bank, Melstacorp and Richard Pieris & Company with the turnover crossing Rs. 2.7 Bn. A similar behaviour was witnessed in the S&P SL20. Crossings were witnessed in Ambeon Capital, Access Engineering, Richard Pieris & Company accounting for 64.1% of the turnover. Mixed interest was observed in Dipped Products, Hayleys Fabric and Hayleys whilst retail interest was noted