ComBank-CBA introduce NFC-enabled cashless vending machines

Sri Lanka will be able to deploy its first credit and debit card-enabled vending machines following a collaboration between Commercial Bank of Ceylon, the country’s biggest private sector bank and Ceylon Business Appliances (CBA), a leading financial technology solutions company. Advancing consumer

DFCC Bank clinches 4 Golds

DFCC Bank was honoured for its marketing campaigns on digital platforms with four prestigious Gold awards for outstanding creativity, innovation, effectiveness and corporate social responsibility (CSR) at the illustrious awards ceremony held in Mumbai. The ACEF event, e

Foreign buying continues

The ASPI closed in red as a result of price losses in counters such as Ceylon Tobacco Company, SMB Leasing nonvoting and Dialog Axiata with the turnover crossing Rs. 1.3 bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in John Keells

3M T-Bill dips below 9.00%

The secondary bond market witnessed a shift in momentum, with buying interest emerging across the short to mid tenors.

HNB Assurance group makes strong start to 2024

HNB Assurance PLC (HNBA) kicked off the year 2024 on a remarkable note, showcasing robust performance in the first quarter. For the first quarter (1Q) HNB Assurance posted a Gross Written Premium (GWP) of Rs. 3.3 billion while HNB General Insurance

JKH records strong Q4 2023/24 with recurring EBITDA growth

Premier bluechip, John Keells Holdings PLC, recorded a strong fourth quarter, which contributed to satisfactory financial performance for the 2023/2024 financial year. During the fourth quarter, the

Chongqing Airlines resumes flights from June 24

Chongqing Airlines will resume operations between Chongqing, China and Colombo from June 24, the Airport and Aviation Services (Sri Lanka) (Private) Limited (AASL) said.

New liquor licenses based on population and tourist arrivals

New liquor licenses are awarded only on the basis of factors such as the population of the country and the arrival of tourists, Finance State Minister Ranjith Siyambalapitiya said.

CB has enough dollars to prevent rising dollar value

The value of the US dollar and the Sri Lanka Rupee is determined by the supply and demand. If the value of the dollar rises significantly, the Central Bank of Sri Lanka (CBSL) has sufficient dollars to control it, Finance State Minister Ranjith Siambalapitiya said.

State coffers lose billions as Customs officers enjoy unfair benefits

The state coffers have been deprived of billions of rupees, as Sri Lanka Customs (SLC) officers enjoy unfair benefits in penalties related to customs offenses and overtime pay, a special audit carried out by the Auditor General on the management/administration of various funds in SLC revealed.

SL proposes 10% levy on annual profits of global tax evasion assets

In an effort to support blended finance projects focused on climate change adaptation and mitigation, Sri Lanka proposed a 10 percent levy on the annual profits of global tax evasion assets deposited in tax havens.

Lion Brewery sees volumes dip for full year

Lion Brewery PLC saw its fourth quarter (4Q24) revenue improve, both from the corresponding year and quarter....

John Keells PLC FY 23/24 performance dips amid tea and rubber challenges

John Keells PLC, the commodities and stockbroking arm of the John Keells group, saw subdued performance for the 2023/2024....

CCC calls on political parties to support continuity of SOE reforms

The Ceylon Chamber of Commerce (CCC) yesterday called on all political parties to support the continuity of state-owned enterprise....

CSE slump hits stockbroking segment

John Keells PLC yesterday said its stockbroking segment John Keells Stockbroking (JKSB) experienced a subdued performance....

Sri Lanka to restructure US $ 800mn water debt

Sri Lanka, with the support of the World Bank, would begin to restructure its water debt, Water Supply and Estate Infrastructure....

Yields inch up amidst selling interest

The secondary market yield curve inched up, mainly on the short to mid tenure maturities amidst slight selling interest enticed....

Week begins with foreign buying

The ASPI closed in red as a result of price losses in counterssuch as LOLC Holdings, Commercial Bank and JanashakthiInsurance....

SLT-Mobitel Enterprise and Web3Genes partner to boost enterprise digitalization

SLT-Mobitel Enterprise has joined forces with Web3Genes in a landmark partnership to revolutionize digitalization....

Ron Kaufman to speak on customer service culture on June 6

Global Customer Experience expert Ron Kaufman will lead an event in Colombo on June 6 at Waters Edge, Battaramulla....

People’s Bank spearheads digital revolution

People’s Bank continues to set industry benchmarks with its cutting-edge digital initiatives designed to enhance customer....

SEC and CSE host investor forum in Ratnapura

The Securities and Exchange Commission of Sri Lanka (SEC) in collaboration with Colombo Stock Exchange....

G.B. Srithar joins VFS Global as Head of Tourism Services

VFS Global, the world’s largest outsourcing and technology services specialist for governments and diplomatic missions....

Seylan Cards partners with Hayleys Travels to continue ‘Swipe and Win’ promotion

Seylan Cards has tied up with Hayleys Travels to continue its Swipe and Win promo, offering Seylan Card holders an opportunity....

DIMO relocates Balagolla facility for customer convenience

DIMO recently upgraded its Balagolla facility into a full-scale DIMO branch while relocating to cater to the diverse needs....

ECONOMIC POLICIES IN AN ELECTION YEAR

Dr. Sharmini Coorey is a former director of the Institute for Capacity Development (ICD) at the International Monetary Fund (IMF) and currently....

Can higher emotional intelligence reverse Sri Lanka’s turnover-turmoil?

Empathy in the workplace builds the kind of strong company culture and employee engagement that organisations.....

Thai delegation in SL to explore opportunities in renewable energy

A delegation comprising officials representing Thai agencies and private sector is in Sri Lanka to explore feasibility and understand the potentials in future cooperation and investment in renewable energy, particularly in the electricity generation in Sri Lanka.

March outstanding credit card balance stands at Rs. 148.7 bn

Outstanding credit card balance of the licensed commercial banking sector has little changed in March from February despite an uptick signaling the trend that would follow as the consumers grow more optimistic about the economy. The interest rates have fallen to single digit levels.

Govt. revenue in January surge 62% on economic turnaround, higher taxes

The revenue to the government, including the grants, rose by a staggering 61.8 percent in January 2024. This is a result of the government raking in billions of rupees out of people’s pockets to appease the International Monetary Fund’s revenue targets.