2025 begins with ASPI crossing the 16,000 mark

The ASPI closed in green as a result of price gains in counters such as John Keells Holdings, Browns Investments and Sampath Bank with the turnover crossing Rs. 12.8 bn.

Activities open on a mixed note for 2025

Opening the 1st trading day for the year, the secondary market saw a mixed interest yesterday, resulting in a shift in the yield curve.

CEAT team with EDB Chairman discusses trade expansion opportunities in Sri Lanka

A delegation from CEAT, an RPG India company, led by Managing Director and CEO Arnab Banerjee, met with Sri Lanka Export Development Board (EDB) Chairman and CEO Mangala Wijesinghe recently, at the EDB head office in Colombo.

Ceylon Chamber wins Gold and multiple honours at TAGS and CMA Awards 2024

The Ceylon Chamber of Commerce was recognised for outstanding commitment to excellence in reporting and governance, winning the Gold award in the Not-for-Profit/Non-Governmental Organisations Category at TAGS Annual Report Awards 2024, organised by the Chartered Accountants Sri Lanka.

Durdans Healthcare Group gets new CEO

Dr. Lasantha Karunasena was appointed as Chief Executive Officer (CEO) and Director of Medical Services at Ceylon Hospitals PLC – Durdans Healthcare Group, effective January 1, 2025.

People’s Bank welcomes 2025

A ceremony was held recently to usher in the New Year at the head office of People’s Bank during which the bank staff commenced duties by taking the Clean Sri Lanka Pledge

PayMedia achieves ISO/IEC 27001:2022 certification

PayMedia, a leading fintech solutions provider, announced that it has acquired the ISO/IEC 27001:2022 certification.

HDFC Bank commences 2025 with multi-religious blessings

HDFC Bank commenced the first working day of the new year 2025 with a series of multi-religious activities held at the bank’s head office building to invoke blessings for valued customers, employees and all the other stakeholders for a prosperous and successful year.

BOC welcomes 2025 with religious ceremonies to invoke blessings

Bank of Ceylon (BOC), Sri Lanka’s No. 1 Bank, commenced the new year 2025, jubilantly announcing its newest achievement being accorded recognition as Bank of the Year – Sri Lanka 2024 awarded by the prestigious The Banker magazine U.K.

Nations Trust Bank-John Keells CG Auto introduce eco-friendly vehicle financing solutions

Nations Trust Bank (NTB) has partnered with John Keells CG Auto (Pvt.) Ltd, the authorised distributor of BYD passenger vehicles in Sri Lanka, to introduce specialised vehicle financing solutions for new energy vehicles (NEVs).

National Development Bank leadership shines at inaugural Global CEO Awards Night

National Development Bank PLC (NDB) celebrates the recognition of its top leadership team at the prestigious Global CEO Awards Night 2024, at ITC Ratnadipa in Colombo.

Premier PR expands services to social media marketing

Premier PR, the premier public relations and marketing communications company, has expanded its services portfolio from public relations to social media marketing.

Wayamba University signs MoU with CFA Society Sri Lanka

The Wayamba University of Sri Lanka, represented by the Banking and Finance Department, Faculty of Business Studies and Finance, signed a memorandum of understanding (MoU) with CFA Society Sri Lanka recently on the University premises in Kuliyapitiya.

SLT-Mobitel Cash Bonanza brings Rs.12mn in cash prizes

Renowned for creating millionaires over the years, SLT-Mobitel’s Cash Bonanza is now offering even bigger and better rewards, empowering both new and existing mobile customers a chance to win cash prizes from a staggering Rs.12 million prize pool.

Colombo University Law Faculty secures Varsity Battles 2024 championship

Varsity Battles 2024, the second edition of the inter-university capital market quiz competition organised by the Securities and Exchange Commission of Sri Lanka (SEC) and Colombo Stock Exchange (CSE), concluded on a high note at The Epitome, Kurunegala.

HNB honoured for 15 years of excellence in corporate sustainability at BCCSA 2024

Consolidating on an unmatched reputation for responsible banking, Sri Lanka’s largest private sector retail bank HNB PLC was once again ranked among Sri Lanka’s Top 10 Best Corporate Citizens at the Ceylon Chamber of Commerce (CCC) Best Corporate Citizen Sustainability Awards (BCCSA) 2024.

Ruwan Ratnayaka, Beyond Escapes, Leopard Nest triumph at Tourism Awards

Beyond Escapes, an emerging travel agency in Sri Lanka and Leopard Nest, a renowned eco-tourism brand, have made remarkable strides at Sri Lanka Tourism Awards 2024, securing top honours in multiple categories.

Cartoon of the Day 03-01-2025

Trade deficit widens in November to US $ 502mn as import expenditure climbs

Sri Lanka’s trade deficit widened to US $ 502 million in November 2024, compared to US $ 390 million recorded in November 2023, due to an increase in import expenditure and a marginal decline in export earnings.

Colombo prices show signs of pressure on consumer pocketbooks in December

The consumer prices in Sri Lanka’s Colombo district rose 1.2 percent in December from the previous month, reversing a 0.3 percent decline in November and breaking a months-long trend of falling prices that began in July.

CDS launches 011 2356 444 as a dedicated hotline

The Central Depository Systems (CDS), a subsidiary of the Colombo Stock Exchange, has launched a dedicated hotline, effective from the first week of January 2025, to provide the stakeholders, including the investors and corporate clients with direct access to the CDS for improved query resolution and support. The hotline, which will operate from 8:30 a.m. to 5:00 p.m., Monday to Friday, aims to enhance efficiency by enabling quicker query resolut

Gross official reserves stand at US $ 6.5bn in November

Sri Lanka’s gross official reserves (GOR) rose to US $ 6.5 billion by end-November 2024, up from US $ 4.4 billion at the close of 2023, the Central Bank said, reflecting continued recovery in foreign exchange holdings.

CBSL successfully holds 1st T-bill auction for 2025

The Central Bank of Sri Lanka (CBSL) started the new year by successfully conducting the first weekly T-bill auction for 2025, raising Rs.168.0 billion, with the total offered amount being fully accepted across all maturities.

BOC honoured as Bank of the Year Sri Lanka 2024

Bank of Ceylon (BOC), Sri Lanka’s premier financial institution, has been awarded the prestigious title of Bank of the Year Sri Lanka 2024 by The Banker magazine, a leading publication from the Financial Times Group in the United Kingdom.

Fitch rates SL’s new bonds ‘CCC+’

Fitch Ratings has assigned a ‘CCC+’ foreign-currency rating to Sri Lanka’s governance-linked bonds maturing in 2035 and a ‘CCC+’ local-currency rating to the US dollar step-up bonds maturing in 2038, which the government can decide to repay in rupees.

Construction sector sees activities expand at slower pace in November

Sri Lanka Purchasing Managers’ Index for Construction (PMI - Construction) expanded in November 2024, albeit at a slower pace, recording a total activity index value of 51.4.

Port City Colombo welcomes 2025 with a spectacular fireworks display

Port City Colombo welcomed the new year 2025 on December 31, 2024, with a vibrant and awe-inspiring fireworks display over the Marina Bridge.

ComBank crowned ‘Green Brand of the Year’ at SLIM Brand Excellence Awards

The Commercial Bank of Ceylon won the Gold as Sri Lanka’s ‘Green Brand of the Year’ at the 2024 Brand Excellence Awards of the Sri Lanka Institute of Marketing (SLIM) in a fitting recognition of the bank’s uncompromising commitment to sustainability.

Singer opens first Samsung AI-powered smart store

In a groundbreaking move to revolutionize the technological landscape of Sri Lanka, Singer Sri Lanka unveiled the country’s first AI-powered smart electronics in partnership with Samsung.

Property owner’s ejection claim dismissed by Court for non-compliance with new Lease Act

A case filed by a lessor (the property owner) seeking an order to eject a lessee (tenant) for wrongful occupation has been dismissed by the Kaduwela District Court as it did not comply with the new Lease Act introduced in 2023.