SEC says 2024 a challenging year but hope remains for economic growth

The capital market regulator, the Securities and Exchange Commission (SEC), highlighted 2024 would be a challenging year in terms of economic recovery and path to growth but there is hope, as the economy is on the right track.

Laugfs gas prices reduced

Laugfs Gas PLC today announced a substantial reduction in the prices of its Laugfs-branded domestic liquefied petroleum gas (LPG), effective midnight.

LP gas prices to be reduced by Rs.150 from tonight

It has been decided to reduce the retail price of a 12.5 kg cylinder of Litro domestic LP gas by Rs. 150 with effect from midnight today, Litro Gas Chairman Muditha Peiris said today.

Sri Lanka leads South Asia in recruiting women for banking industry: IFC

Sri Lanka surpasses all its South Asian counterparts in recruiting women at entry level in the banking sector, a recent report by the International Finance Corporation (IFC) highlighted.

First Capital Holdings records Rs.10.1bn comprehensive income for FY24

First Capital Holdings PLC announced an impressive financial performance for the fiscal year ended on March 31, 2024, recording....

IMF set to review SL’s progress on June 12

The International Monetary Fund (IMF) Executive Board is set to review Sri Lanka’s progress, under the Article IV consultation...

Veteran banker Lakshman Silva appointed as LankaPay Chairman

LankaPay, Sri Lanka’s national payment network, recently announced the appointment of veteran banker Lakshman Silva....

Expolanka extends exit offer

Expolanka Holdings yesterday announced the extension of the exit offer, due to the legal issues on the delisting. A group....

Union Assurance and oDoc partner to enhance healthcare access

Union Assurance announced the partnership with oDoc recently. This partnership offers significant benefits....

HNB extends partnership with DIMO Agribusinesses

HNB PLC announced the extension of its partnership with DIMO Agribusinesses the agriculture arm of DIMO to provide....

Sinopec opens first renovated filling station in Nawagamuwa

Sinopec Lanka Energy (Pvt) Ltd inaugurated its first renovated filling station in Nawagamuwa, marking the company’s first anniversary...

StanChart supports 15,000 girls through Goal Girl Empowerment Project

Standard Chartered has successfully empowered 15,000 young women and girls from underserved communities...

Dialog named “Sri Lanka’s Most Loved Service and Telco Brand”

Dialog Axiata PLC was named the Most Loved Service Brand and the Most Loved Telecommunications Brand in LMD’s....

Hayleys Fentons launches ‘Roots of Resilience’ programme

Hayleys Fentons Limited celebrated the inauguration of the ‘Roots of Resilience’ biodiversity conservation....

Amana Takaful celebrates excellence at Annual Awards Night

Amana Takaful Insurance PLC recently hosted its annual awards night. Held under the inspiring theme ‘Thriving Through Change....

DFCC Bank recognises outstanding staff achievements

DFCC Bank recently hosted its annual DFCC Banking Awards 2023 to honour its high-achieving staff. Held under the theme....

Sierra Cables expands to Maldives

Sierra Cables PLC recently entered into a strategic partnership with ASK Holdings, a key supplier of hardware, construction....

Vidma Super receives ISO certification for roofing solutions

Vidma Engineering and Trading Company Ltd., recently received ISO 9001:2015 certification, emphasizing its commitment to superior...

AB Mauri Lanka unveils new baking ingredient lineup

AB Mauri Lanka is set to launch a trio of new products at the upcoming CAFE 2024 Culinary Art Food Expo on....

Week commences with weak turnover

The ASPI closed in red as a result of price losses in counters such as Melstacorp, Ceylon Tobacco Company and John Keells...

Prime Residencies sets new benchmark for ultra luxury residential living

Prime Lands Residencies PLC is unveiling ‘The Seasons Colombo Eight’, located between Chandralekha Mawatha...

EFC explores potential for private sector investments in Northern Province

A delegation representing 14 leading private sector companies together with Employers’ Federation of Ceylon....

Yields stay still amidst limited participation

The secondary market yield curve remained broadly stable, reflecting subdued activity and thin trading volumes across...

Cement prices drop by Rs.150

The maximum retail price of a 50 kg bag of cement has been reduced by Rs. 150 with effect from June 1, a cement company said.

Colombo Port’s transshipment growth slows to single digits in April

In April, the Port of Colombo saw its transshipment volume growth slowing down to single digits, after experiencing double-digit growth rates in the past four months, backed by the disruptions in the Red Sea, caused by Yemen’s Houthi rebels.

Exports continue to do well in April narrowing trade deficit

The growth in merchandise exports outstripped the growth in imports to help narrow the trade deficit in April compared to a year ago levels, but the cumulative four months deficit stands higher compared to the corresponding period of last year signalling an expanding economy.

A tourist family explores at the iconic Galle Lighthouse

A tourist family explores at the iconic Galle Lighthouse....

Construction sector upbeat over rising activities

Participants in the construction sector said they remain buoyant over the rising opportunities for tenders for new development projects in the country as the economy is now equipped with both foreign currency and rupee liquidity.

HNB Finance stages strong turnaround in FY23/24, PAT soars 225%

HNB Finance PLC announced its financial results for the fiscal year which ended March 31, 2024 (FY23/24), demonstrating...

Sanctions, incentives crucial for Public Financial Management Act’s success: CASL

Sanctions and incentives are crucial for the effective implementation of the Public Financial Management Act of 2024....