UK inflation rate falls to lowest in almost three years

Falling gas and electricity prices have driven UK inflation to its lowest level in almost three years. Prices rose at 2.3 percent in the year to April, down from 3.2 percent the month before, official figures show. While inflation, which measures the price of something over time, has fallen further, it remains higher than the Bank of England’s target of 2 percent and was slightly higher than experts expected.

Week ends with gains

Indices closed in green as a result of price gains in counters such as Commercial Bank, Hatton National Bank and LOLC Holdings with the turnover crossing Rs 1.4 Bn. High net worth and institutional investor participation was noted in Hatton National Bank, John Keells Holdings and Ambeon Capital. Mixed interest was observed in Nations Trust Bank, Hayleys and LOLC Finance whilst retail interest was noted in LVL Energy Fund rights, Renuka Agri Foods

Yield curve broadly rests as market eases

The secondary market yield curve broadly remained unchanged, pivoting from the buying sentiment displayed during the previous session, backed by moderate activity.

High-profile speakers to lead IORA Business Conclave 2024

The IORA Business Conclave organised by The Ceylon Chamber of Commerce in collaboration with the Ministry of Foreign Affairs Sri Lanka on 28th and 29th May, will feature high-profile speakers leading the conversation on advancing trade and investment, SME development, and the Blue Economy in the Indian Ocean Rim Association.

CB launches SL’s first-ever Financial Literacy Roadmap

The Central Bank on Tuesday launched Sri Lanka’s first-ever Financial Literacy Roadmap (2024-2028), in particular targeting to promote financial literacy among the youth and women in the micro, small and medium enterprise (MSME) sectors.

BOC relocates Uva Paranagama branch

Bank of Ceylon (BOC) announced the relocation of its Uva Paranagama branch to a new location. This move aims to enhance the convenience, flexibility, and efficiency of our banking services for the local community.

SriLankan hosts Indian Travel Trade Journalists for FAM Tour

SriLankan Airlines recently welcomed a group of senior journalists from leading Indian travel trade publications on a familiarization (FAM) tour of Sri Lanka, in collaboration with Cinnamon Hotels and Resorts, along with the coordinating efforts of the official PR agency of SriLankan Airlines in India, AVIAREPS.

PRCA Country Rep urges media industry stakeholders to address key issues

Sri Lanka needs to take into consideration and adopt relevant measures and policies to save the media industry from a severe talent shortage, stressed Thanzyl Thajudeen, the Country Representative of the Public Relations & Communications Association (PRCA), the world’s largest and influential PR body.

Pan Asia Bank and Wogi to introduce Global Customer Reward platform

Pan Asia Bank announced that it has entered into a new agreement with Wogi, a Global Digital Platform of loyalty and digital incentives.

Pelwatte Dairy among Top 10 Most Loved Packaged Dairy Food Brands

Pelwatte Dairy has been recognized as one of the top 10 most loved packaged dairy food brands for 2024 by readers of LMD. This accolade underscores the company’s dedication to excellence and the unwavering support from its loyal customer base.

Rockwell – Azzurro partnership to broad base clientele across multitude of industries

Rockwell Automation, the world’s largest company dedicated to industrial automation and digital transformation recently appointed Azzurro as a strategic partner in a bid to broad base its clientele across multitude of industries.

Flipped Classroom Education to enhance effectiveness of digital approach

Conventional teacher-oriented teaching has diverted towards the learner centered education across the globe during the last few decades with the development of behavioural and technological dimensions. Outcome Based Education (OBE) paved the way for developed education systems to materialize the prettiness of expected learning outcomes and to produce right candidates to the labour market.

Essential skills needed in education sector targeting youth

Last year I delivered a speech on the invitation of former President Chandrika Bandaranaike Kumaratunga and Dr. Tara De Mel at a Policy Dialogue organized by the Bandaranaike Academy of Leadership and Public Policy (BALPP) where I spoke on the Skills needed for the Future in Education.

SL ranked at 76th spot in Travel and Tourism Development Index 2024

Sri Lanka is ranked at the 76th spot in Travel and Tourism Development Index 2024 (TTDI), as the country scored poorly in the tourism services and infrastructure, cultural resources and non-leisure resources categories.

NDB Bank volunteers engage in Mangrove restoration

In commemoration of the International Bio Diversity Day, NDB Bank has once again demonstrated its commitment to environmental conservation, as its staff volunteered for mangrove restoration activities.

Gowri Rajan to speak at Rotary Foundation Donor Summit

The sought after Rotary event globally is the annual convention where networking and learning comes together. The 2024 Rotary Convention is to attract over twenty five thousand Rotary members across the world to Singapore.

CEAT supports education of rubber farmers’ children

Students of four schools in the Ratnapura and Elpitiya areas have received essential requirements such the shoes and schools bags they need from CEAT Kelani Holdings under a community project to support the education of children in rubber cultivating regions.

Sri Lankan business leader Gowri Rajan to speak at the Rotary Foundation Donor Summit in Singapore

The sought after Rotary event globally is the annual convention where networking and learning comes together.

National consumer prices rise 2.7% in April as both food & non-food prices remain soft

Consumer prices measured nationally rose by 2.7 percent in April from a year ago, slightly higher from 2.5 percent in through March as the non-food prices rose somewhat faster.

Court of Appeal issues orders to suspend Minimum Room Rate

The Court of Appeal yesterday issued interim orders suspending the operation of the Extraordinary Gazette Notification published on 11th September 2023 which imposed a Minimum Room Rate (MRR) for corporate and free independent tourist hotel rooms located within the limits of the Colombo Municipal Council area.

Oppressive tax policies undermining SL’s economic recovery

Pathfinder Foundation Founder Milinda Moragoda released a statement saying Sri Lanka’s present oppressive tax regime is undermining the country’s economic growth agenda. Furthermore, Moragoda said that many local entrepreneurs and businesses that can afford it are relocating abroad and new investments have decreased significantly. Full text of the stat

Initiatives made to empower youth-led green entrepreneurship

Initiatives are being made by the Presidential Secretariat to develop a road map to deploy youth as ‘green entrepreneurs’ for mangrove development and restoration. According to a government press release, Senior Advisor to President on Climate Change Ruwan Wijewardene recently conven

April merchandise exports dip 4.1% YoY to US$ 813.31 million

Merchandise export performance witnessed a dip in April as earnings contracted by 4.1 percent Year-on-Year (YoY) to US$ 813.31 million. Accordingly, cumulat

Sri Lanka’s road to recovery is long and must stay course

As Sri Lanka continues to recover from the recent crisis, this time last year, mere 12 months ago, we saw the peak of Sri Lanka’s worst economic crisis since independence. The economic recovery partially remains hindered by slow growth in exports and low foreign direct investment (FDI), with export gro

Be part of the plan International Day for Biological Diversity 2024

Nature is life. Nature is interconnected, intertwined and indivisible with human life, our societies and economies. Yet, the world over, land, seas, air, freshwater and wildlife are being destroyed at an alarming rate. On average, wildlife populations have declined almost 70 percent since 1970. Wild mammals have declined as a share of the

Major International Golf in High Definition Only on Dialog Television

Dialog Television, Sri Lanka’s premier Pay-TV service provider, will be the only Pay-TV partner in Sri Lanka to broadcast golf’s biggest global competitions, allowing Sri Lankan golf enthusiasts to catch all the action in High Definition (HD) on ThePapare TV HD (channel number 126). The 83rd Senior P

EY GDS SL advocates social equity

In a powerful move to promote inclusivity, EY Global Delivery Services (EY GDS) Sri Lanka hosted an impactful panel discussion on social equity. The forum featured

Almas Group celebrates 25 years of operations

Almas Group marked its silver jubilee anniversary – 25 years of operations and the second year of rebranding and operations of Almas Equities, the group’s stockbrokerage arm, a founding member of the Colombo Stock Exchange, with a 38-y

Sri Lanka Insurance Corporation General hosts Insurance Summit

Sri Lanka Insurance Corporation General Limited (SLICGL) recently hosted a highly anticipated General Insurance Summit 2023, themed ‘Unveiling Excellence - A New Era Unfolds’. The flagship two-day event held at Jetwing Blue, Negombo, provided a platform to honour top-performing sales staff and key emplo

Ceylinco Life launches Medical Saver plan

A timely medical cum life insurance plan that enables a policyholder to build up a medical fund that can pay for medical needs for up to 20 years after the original plan matures, has been launched by Ceylinco Life in response to the evolving need