StanChart SL honoured at Asset AAA and Global Finance Awards

Standard Chartered Bank Sri Lanka has achieved outstanding recognition, clinching multiple prestigious awards at the Asset Triple A Awards 2024 and being named among the leading Asia-Pacific banks in 2024 by Global Finance.

HNBA-HNBGI-HNB celebrate partnership at Golden Awards

Golden Awards 2024, hosted by HNB Assurance and HNB General Insurance, celebrated and recognised the outstanding achievem

PLC wins Global Brand Award for Most Trusted Financial Institution

People’s Leasing & Finance PLC (PLC), one of Sri Lanka’s leading non-banking financial services providers, has recently been honoured with the prestigious Global Brand Award for Most Trusted Financial Institution 2024. Presented by Globa

Foreign buying accounts for 39% of turnover

Indices closed in red as a result of price losses in counters such as Dialog Axiata, Commercial Bank and Hatton National Bank with the turnover crossing Rs. 1.8 bn. High net worth an

Subdued sentiment inverts secondary market

The secondary market displayed a subdued sentiment during yesterday backed by thin volumes and limited activity, influenced by the market opting into a wait and see approach stemming from the inflated auction yields at the recent T

Ceylon Tea exports in May dip 5.3% Year-on-Year

Tea exports for the month of May 2024 totalled 19.45 million kilograms, which is a contraction of 5.3 percent Year-on-Year (YoY).

SL to exchange information on money laundering, corruption with CIABOC

Sri Lanka will exchange information relating to investigations and prosecutions of money laundering, bribery or corruption, and other related offences with Central Bank’s (CB) Financial Intelligence Unit (FIU) having entered into a Memorandum of Unde

IMF-backed inflation-indexed excise mechanism must be aligned with proven systems: Lion Brewery

Alarmed by the widening gap between legal and illicit alcohol markets driven by higher taxes, Lion Brewery (Ceylon) PLC, the le

FIU and bribery commission sign MoU to combat finance crimes

In a collaborative effort to prevent financial crimes in the country, the Financial Intelligence Unit (FIU) of Sri Lanka entered into a Memorandum of Understanding (MoU) with the Commission to Investigate Allegations of Bribery or Corruption (CIABOC), today.

Construction sector activities accelerate to double digits

The all-important construction sector in Sri Lanka added much more heft in the first three months of the year.....

SL struggles to surpass 50,000 tourist arrivals in first 13 days of June

Sri Lanka struggled to cross the 50,000 mark in tourist arrivals in the first 13 days of June, recording 43,227 tourist.....

Authorities closer towards solution to resolve VAT debacle on gem and jewellery exports

The government authorities are moving closer to offer a remedy to resolve the crisis created with the imposition of the Value....

More vigilance is needed to maintain cost-recovery pricing from CPC and CEB: IMF

The International Monetary Fund (IMF) asserted that more vigilance is needed to maintain cost-recovery pricing....

SL ahead of neighbours in women-led SMEs: ADB

Sri Lanka is performing good in terms of supporting women-led businesses but needs to address the challenges....

Higher taxes push hard liquor and cigarette consumption down

Owing to the higher taxes, hard liquor and cigarette consumption in Sri Lanka recorded a significant decline in 2023....

Serendib Flour Mills showcases premium range in Malé

Serendib Flour Mills (Pvt.) Ltd showcased its commitment to quality and innovation at the 18th edition of the Hotel Asia....

Cargills Bank relocates Wattala branch

Cargills Bank – Wattala has been relocated to 182, Negombo Road, Wattala, with effect from May 13, 2024. The new location....

Bling Productions and Eyeon unveil Pixel Bloom in Sri Lanka

Colombo Lotus Tower (CLT) envisioned creating South Asia’s first immersive and interactive digital art space in Sri Lanka....

Siddhalepa enters GCC region

The first-ever promotion of Sri Lankan indigenous medical system, ‘Hela Wedakama-Ayurveda’ was launched....

People’s Bank selects January-April Remittance Vaasi Kotiyai draw winners

People’s Bank’s People’s Remittance Vaasi Kotiyai 2024 draw, to select the Rs.250,000 winners for the months of January....

Sunshine Holdings’ SUN Awards honours top performers

Diversified conglomerate Sunshine Holdings PLC recognised its best-performing employees during the financial year....

Janashakthi Life 1Q GWP up 44%; PBT grows 29%

Janashakthi Life, one of Sri Lanka’s leading life insurers, reported stellar financial results for the first quarter....

Ceylon Chamber-Global Alliance partner for sustainable development, climate action

The Ceylon Chamber of Commerce and Global Alliance for a Sustainable Planet (GASP) signed a memorandum of understanding....

Tax policy measures last push to get revenue to 15% of GDP: IMF

While businesses and individuals in Sri Lanka are likely to witness more pain as plans are underway to bring in more taxes, the International Monetary Fund...

Central Bank purchases US$ 193 mn in FX in May

Reflecting the adequate availability of foreign currency in the domestic foreign exchange market, the Central Bank bought another US$ 224.5 million....

Banks delay passing interest rate benefits to customers

Sri Lanka’s licensed commercial banks were found to be delaying the passing down the benefit of the easing financial conditions to its borrowers via lower lending...

Cable Solutions Limited plans  Rs.605.89mn IPO

Cable Solutions Limited, leading specialised cable manufacturer for international electronics markets and a subsidiary of ACL Cables Plc is planning a Rs.605.89 million...

Fitch assigns NDB proposed LKR denominated debenture ‘BBB(EXP) (lka)’ 

Fitch Ratings has assigned National Development Bank PLC’s (NDB, A-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up...

Singapore intensifies oil spill clean-up

An oil spill off southern Singapore has spread to other areas of the island’s coast and is threatening a marine reserve, government agencies said....

ADB initiates data programme to support women-led SMEs

Women entrepreneurs in Sri Lanka are set to receive a significant backing by the Asian Development Bank (ADB) with the initiation of its Women Entrepreneurs....