DFCC Bank cards bring seasonal savings, year-round benefits

This holiday season, DFCC Bank cards bring exclusive savings and rewarding benefits to help the cardholders maximise holiday spending with added value and convenience.

Sampath Bank with Visa’s Cybersource to enhance digital payment solutions for businesses

Sampath Bank announced its successful integration with the payment gateway Cybersource, further strengthening its position as a leader in digital banking.

CEAT launches new paradigm Europe range of high-performance radial tyres in Sri Lanka

Sri Lankan automobile enthusiasts can now access global-standard, high-performance radial tyres with the launch of the Europe range by CEAT Kelani Holdings for luxury cars and SUVs.

Union Assurance strengthens commitment to youth empowerment

Union Assurance, Sri Lanka’s premier life insurer, continues its commitment to enriching the well-being of all by entering a memorandum of understanding (MoU) with the Finance Department at the University of Kelaniya. This partnership is the latest addition to the company’s ongoing efforts to empower the nation’s future leaders, building upon its collaborations with the University of Wayamba and University of Sri Jayewardenepura.

Ceylan Worldwide attends Dubai Int’l Apparel & Textile Fair 2024

Ceylan Worldwide, which began operations in 2010 producing T-shirts, hats and bags, marked its transition to the global arena by participating in International Apparel & Textile Fair 2024 in Dubai.

Regen Renewables powers VoltCast series to foster youth innovation in sustainable energy

Regen Renewables (Pvt.) Ltd is stepping up to empower the next generation of innovators by sponsoring the VoltCast webinar series in collaboration with the University of Ruhuna, as part of its corporate social responsibility initiatives, to nurture talent, raise awareness and in advancing sustainability.

Browns Hotels unveils bee honey farming project in Sigiriya

Browns Hotels & Resorts recently launched a sustainable bee honey farming project, led by its properties in the Cultural Triangle: Hotel Sigiriya, Ayugiri Ayurveda Wellness Resort Sigiriya and Occidental Paradise Dambulla. Under the guidance of S.J.K. Kulasinghe, an Agriculture Instructor and Bee Keeping Subject Matter Officer from the Agriculture Department (Central Province), the initiative aims to protect biodiversity, strengthen local economi

Elpitiya Plantations marks an extraordinary year

Elpitiya Plantations PLC marked an extraordinary year, earning accolades at two of Sri Lanka’s most prestigious award ceremonies—TAGS Awards 2024 by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and Best Corporate Citizen Sustainability Awards by the Ceylon Chamber of Commerce.

November PMI signals continued expansion in manufacturing & services

Sri Lanka’s economic activities across both the manufacturing and services activities continued to expand during November.

SL aims to be Asia’s top FDI destination: Dr. Suriyapperuma

Finance and Planning Deputy Minister Dr. Harshana Suriyapperuma yesterday expressed confidence that Sri Lanka can become the best place for foreign direct investments (FDIs) in Asia, with the Board of Investment (BOI) stepping up efforts to improve the services to the potential investors.

Dr. Nilupul Perera appointed as Chairman of Lanka Hospitals

Lanka Hospitals Corporation PLC has appointed Dr. M. Nilupul Perera, a distinguished Consultant Neuro Physician, as its new Chairman, effective December 5, 2024.

Finco Holdings acquires 10.12% in Asia Asset

Weerasooria family-controlled Finco Holdings has acquired a 10.12 percent stake in Asia Asset Finance PLC, for Rs.228.52 million and thus, becomes the second largest shareholder, according to a stock filing on the Colombo Stock Exchange yesterday.

DFCC Bank resumes negotiations to sell its stake in Acuity Partners to HNB

DFCC Bank has announced its decision to resume negotiations for the sale of its 50 percent stake in Acuity Partners to Hatton National Bank (HNB), as per a stock exchange filing.

Turnover crosses LKR 8 Bn

The ASPI closed in green as a result of price gains in counters such as Hatton National Bank, Ceylinco Insurance and Sampath Bank with the turnover crossing Rs. 8.2 Bn.

Buying interest emerges amidst thin volumes

The secondary market yield curve witnessed thin trading volumes and limited activity.

Lanka Hospitals wins Gold at TAGS Annual Report Awards for second consecutive year

Lanka Hospitals announced its achievement of securing the Gold Award for the second consecutive year at the prestigious TAGS Annual Report Awards Competition, organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka).

Chitral De Silva joins SDB bank leadership team

SDB bank announced the appointment of Chitral De Silva to its Corporate Management team as the Deputy General Manager/Chief Business Officer.

HNB and CFA Society Sri Lanka renew partnership to foster financial sector growth in 2024

HNB has reaffirmed its strong commitment to enhancing the nation’s financial sector by renewing its partnership with the CFA Society Sri Lanka (CFA SSL).

Assetline Finance opens 58th branch in Kandy

Assetline Finance Limited, a member of David Pieris Holdings, announced the opening of its 58th branch at No. 19, Cross Street, Kandy.

Cargills Bank’s Galle branch moves to new location

Cargills Bank relocated its Galle branch to No. 4 Samudra Mawatha with effect from 9th December.

JASTECA Sri Lanka appoints new Executive Committee for 2024-2025

The Japan Sri Lanka Technical and Cultural Association (JASTECA) Sri Lanka announced the appointment of its new Executive Committee for the year 2024-2025.

Shopbook raises US$150,000 to digitize bookkeeping for Lankan small businesses

In a move that promises to transform traditional bookkeeping for micro, small, and medium enterprises (MSMEs) in Sri Lanka, Shopbook, a fintech startup, has secured US$150,000 from Sri Lankan and Singaporean investors led by nVentures.

Hutch and Air Force Seva Vanitha Unit partner to empower rural families

Hutch mobile network has once again demonstrated its unwavering commitment to uplifting local communities through a new partnership with the Seva Vanitha Unit of the Sri Lanka Air Force.

Hela Apparel celebrates over 100 graduates at NIBM Certificate Award Ceremony

Hela Apparel Holdings celebrated the accomplishments of over 100 graduates during a certificate award ceremony held at the NIBM Auditorium in Kurunegala.

APHNH announces new leadership team

The Association of Private Hospitals and Nursing Homes (APHNH) announced the appointment of Dr. Ruwan Senatilleke as the new President, along with a team of office bearers, following the recent Annual General Meeting.

SLASSCOM CEO Meeting explores sustainability as a key to innovation and success in IT/BPM sector

The CEO & Leadership Meeting hosted by SLASSCOM ESG Forum recently bought together business leaders, sustainability advocates, and industry influencers to explore how sustainability can drive growth and innovation within Sri Lanka’s IT and BPM sectors.

Baurs leadership team honoured at Global CEO Forum 2024

A.Baur & Co. (Pvt.) Ltd., also known as Baurs, announced that its Managing Director/CEO Rolf Blaser and the management team have been recognized at the prestigious Global CEO Leadership Excellence Awards held on 05 December at ITC Ratnadipa in Colombo.

SL wraps-up debt restructuring, setting country for rating upgrade 

Sri Lanka wrapped up its foreign currency debt restructuring last week with the announcement of the near full acceptance of the new bonds in exchange of the existing foreign currency bonds in default for over two years.

Tourist arrivals growth slows to 9.2% in early December

Sri Lanka’s tourist arrivals growth slowed down to 9.2 percent Year-on-Year (YoY) in the first 11 days of December this year, as the island nation welcomed 68,648 tourists during this period.

Ceylon Beverage Holdings denies possessing price-sensitive information amid unusual trading activity

Ceylon Beverage Holdings PLC, the immediate parent company of Lion Brewery (Ceylon) PLC, has denied possessing any unpublished price-sensitive information following an inquiry by the Colombo Stock Exchange (CSE).