Janashakthi Life honours top performers

Janashakthi Life celebrated the outstanding achievements of its top performers by hosting an awards ceremony in Thailand this year.

CFA Society Sri Lanka and Acuity Knowledge to conduct specialized course

CFA Society Sri Lanka, in collaboration with Acuity Knowledge Partners introduced a specialized half-day course titled “ESG Essentials: Governance and Reporting for Sustainable Success.”

AIA Insurance launches ‘SaveSmart’ for all lifestyles

AIA Insurance announced the launch of AIA SaveSmart, the smartest and highly customisable life insurance plan designed to meet the diverse financial needs of Sri Lankans at every stage of life.

HNB felicitates employees with 25 years of service

HNB PLC organized a ceremony recently to felicitate their employees who completed 25 years of service in the Bank.

DFCC Bank launches MySpace ATM in Dickoya

DFCC Bank has unveiled its cutting-edge ‘MySpace’ digital self-banking centre in Dickoya, a unique initiative that underscores its dedication to financial inclusion and the expansion of digital self-banking services to rural communities.

People’s Bank opens service centre at Gampaha DS Office

People’s Bank recently declared open aservice centre at the new building of the District Secretariat Office, Gampaha.

Hayleys Solar partners largest solar installation in Nuwara Eliya District

Martin Bauer Hayleys (Private) Limited has successfully strengthened its energy independence through a landmark collaboration with Hayleys Solar to install a 1273-Kilowatt peak (kWp) grid-tied solar photovoltaic (PV) system at their tea extract facilities in Hatton, Nuwara Eliya district.

Over 25 industry bodies to power SLASSCOM’s AI Asia Summit

SLASSCOM’s AI Asia Summit 2024, powered by Deloitte, will make its much-anticipated return on November 5th, as the premier event uniting AI enthusiasts, innovators, and business leaders from across Asia.

Kelani Valley Plantations wins Gold at SLITAD People Development Awards 

Kelani Valley Plantations PLC (KVPL) has been awarded the Gold Award in the Plantations category at the SLITAD People Development Awards 2023/24.

NDB Bank partners with SLIM for ‘SLIM DIGIS 2024’ as Official Banking Partner

NDB Bank announced its partnership with the Sri Lanka Institute of Marketing (SLIM) as the Official Banking Partner for SLIM DIGIS 2024.

D. Samson & Sons selects Inivos as strategic partner for IFS ERP Cloud Upgrade

Cementing its position as a key industry leader in the digital landscape that offers business transformation solutions, Inivos Consulting (Pvt) Ltd, inked an agreement with D. Samson & Sons Pvt Ltd, the main marketing and distribution arm of the DSI Samson Group, to streamline and drive operational excellence through the implementation of IFS Cloud solutions.

Top BTEC centres honoured at Pearson Higher Education Forum

The Pearson BTEC Higher Education Forum 2024 was held recently at Shangri-La Colombo, where British High Commissioner to Sri Lanka, Andrew Patrick was the Chief Guest.

Exports decline in September despite apparel, services growth

Sri Lanka’s export earnings for September 2024 fell by 3.49 percent to US$ 937.95 million compared to a year earlier, with weaker demand for tea, rubber products, electronics, and seafood weighing on performance, according to data released by Sri Lanka Customs.

Apparel sector set for growth as SL partners with Indonesia for UK tariff preferences

Sri Lanka’s apparel sector is set to benefit from a Cabinet decision to apply for a trade arrangement with Indonesia, allowing access to fabric and raw materials needed for garment production.

Seylan Bank records Rs. 6.59 bn PAT

Seylan Bank recorded a Profit after Tax of Rs. 6,593 million for the 9 months ended 30 September 2024 with a growth of 46.65 percent against Rs. 4,496 million reported in the corresponding period of 2023.

99x group unites global firms to boost leadership in tech and product engineering

The 99x Group has emerged as a leading force in the global tech landscape, with seven companies from Norway, Malaysia, Sri Lanka, Brazil, and Portugal uniting to strengthen its position in product engineering services, IT consulting, and web solutions.

ASPI gains 1.07% during the day

Indices closed in green as a result of price gains in counters such as Hatton National Bank, Commercial Bank and Sampath Bank with the turnover crossing Rs. 3.9 bn.

Auction yields marginally inch up on short tenors

At the Rs. 145.0bn weekly T-Bill auction held yesterday, the CBSL fully subscribed to the entire offered amount. The 3M T-Bill received the highest demand, leading to an oversubscription, while CBSL accepted Rs. 53.2bn of 6M T-Bill. In contrast, the 1Y T-Bill saw minimal interest, with only Rs. 2.7bn accepted.

Lower credit costs bolster Pan Asia Bank September profits

Kicking off the banking sector earnings for the September quarter, Pan Asia Bank PLC showed that they can now afford to set aside only a little for possible loan losses as the rates ease and the economy improves, gradually enhancing the borrower profiles than they were a year ago.

NDB named as SL’s Best Bank for Corporates at Euromoney Awards 2024

National Development Bank PLC (NDB) has been named as Sri Lanka’s Best Bank for Corporates at Euromoney Awards 2024, highlighting the bank’s unparalleled commitment to supporting businesses across various sectors. The Euromoney Awards are known for their rigorous assessment process and NDB’s victory in the Best Bank for Corporates category is a reflection of the bank’s continuous efforts to provide value-added services for corporate clients, incl

PMF Finance appoints Prof. Ajith Medis as CEO

PMF Finance PLC announced the appointment of Prof. Ajith Medis as the new Chief Executive Officer, effective immediately.

Great Place to Work to unveil Best Workplaces for Women 2024

The Best Workplaces for Women 2024 list has been unveiled, marking a key step in promoting gender equality and inclusive workplace cultures in Sri Lanka.

ComBank receives Global Finance Best Bank award for 22nd year

Commercial Bank of Ceylon Chairman Sharhan Muhseen and Managing Director/CEO Sanath Manatunge recently accepted the Best Bank in Sri Lanka award presented to the bank by Global Finance magazine on the sidelines of the IMF/World Bank annual meetings in Washington, DC.

Sysco LABS provides FastTrack Internship Programme 2024

Sysco LABS recently announced its partnership with the FastTrack Summer Internship Programme for 2024, in collaboration with John Keells Holdings and Brandix.

ACL Cables champions new SLS 733 Fire-Retardant Cable Standards

ACL Cables PLC, the pioneer in fire-retardant PVC cable technology in Sri Lanka, announced its association with the New Fire-Retardant Cable Standard SLS 733 initiative as the promoter who has vigorously and unceasingly campaigned for the formulation of higher standards for home safety.

SLT-Mobitel launches Sri Lanka’s first ‘Fibre To The Room’ solution

SLT-Mobitel is set to redefine digital home experiences with the introduction of its ‘Fibre To The Room’ (FTTR) solution, making homes smarter.

Scanwell Logistics and SLSAC complete first phase of ocean cleanup initiative

Scanwell Logistics Colombo, in partnership with the Sri Lanka Sub-Aqua Club (SLSAC), completed its first ocean cleanup at the SS British Sergeant wreck site that had accumulated debris and pollution, posing severe threats to marine life and the overall ecological balance.

Cambio sponsors 50th MAS ocean strainer installation in Wellawatte

Cambio Sri Lanka, a fully-owned subsidiary of Cambio Healthcare Systems AB, headquartered in Stockholm, Sweden and a leading provider of enterprise e-healthcare solutions, announced its sponsorship of an ocean strainer installation at the Wellawatte canal diversion.

Varsity Battles 2024 rewards Cluster 1 winner

Varsity Battles 2024, organised by the Securities and Exchange Commission of Sri Lanka and Colombo Stock Exchange, successfully concluded its Cluster 1 competition recently at the South Eastern University of Sri Lanka. The overall winner for Cluster 1 of the Varsity Battles 2024 inter-faculty quiz competition was the exceptional Team 3 from the Faculty of Technology of the South Eastern University of Sri Lanka, walking away with a Rs.100,000 cas

SLCB holds Cultural Triangle Hoteliers Training Programme on MICE tourism

The Sri Lanka Convention Bureau (SLCB), an entity under the Finance, Economic Development, Policy Formulation, Planning and Tourism Ministry, successfully concluded the Cultural Triangle Hoteliers Training Programme on meetings, incentives, conferences, exhibitions (MICE) tourism recently, at Habarana Village by Cinnamon.