SLT-Mobitel’s mCash celebrates 11 years of revolutionising digital payments in Sri Lanka

SLT-Mobitel’s pioneering mobile money platform, mCash, celebrates 11 years of empowering Sri Lankans with cutting-edge digital payment solutions.

Seylan Bank supports Sabaragamuwa Province Entrepreneur of the Year 2024

Seylan Bank recently partnered with the Sabaragamuwa Province Entrepreneur of the Year 2024 as the event’s official banking partner.

Creative Software celebrates 25 years

Creative Software, a leading software solutions provider, celebrated 25 years of delivering innovative IT services and shaping Sri Lanka’s tech landscape.

SriLankan airlines hosts agents’ tour to Gan island

The SriLankan Airlines Mumbai team, in collaboration with the airline’s Maldives team and Canareef Resort, recently hosted a successful agents’ educational tour to the stunning Gan Island in the Maldives.

Adani Ports pulls out of US funding for CWIT

Adani Ports noted that the project, which is a joint venture with John Keells Holdings (JKH) and the Sri Lanka Ports Authority (SLPA), would be financed through the company’s internal accruals and capital management plan.

SLINTEC commercialises record 8 patents and innovations within 12 months

The Sri Lanka Institute of Nanotechnology (SLINTEC) witnessed a remarkable transformation, with four patents being commercialised, with an additional four innovations in the advanced stage of commercialisation.

Ambewela Farms achieves record-breaking daily milk production of 60,000 litres

Lanka Milk Foods (CWE) PLC (LMF) has set an extraordinary benchmark at its Ambewela Farms, achieving a record-breaking daily milk production of 62,000 litres from a single source.

Cartoon 12.12.2024

Monik Trading and B’desh’s Walton to set up home appliance plant in SL

Sri Lanka’s Monik Trading, in collaboration with Bangladesh’s Walton Hi-Tech Industries, is looking to establish a manufacturing plant to produce home appliances locally.

First Capital bags Brand of the Year and 3 prestigious awards at SLIM Brand Excellence 2024

First Capital Holdings PLC won big at SLIM Brand Excellence Awards 2024, where it was honoured with the coveted Brand of the Year and three other prominent awards: Service Brand of the Year – Gold award, Local Brand of the Year – Silver award and B2B Brand of the Year – Bronze award.

Turnover crosses LKR 6 Bn

The ASPI closed in green as a result of price gains in counters such as Ceylon Beverage Holdings, LOLC Holdings and Sampath Bank with the turnover crossing Rs. 6.0 Bn.

T-bill auction yields drop across board

The Central Bank conducted the weekly T-bill auction yesterday, raising Rs.206.0 billion and fully accepting the total offered amount.

CSE Annual Report 2023 clinches Gold at LACP Vision Awards

The Colombo Stock Exchange (CSE) Annual Report 2023, themed “Innovate, Integrate, inspire – A Year of Capital Market Resilience”, has achieved global recognition by winning the Gold Award under the Financials - Capital Markets category, at the League of American Communications Professionals LLC (LACP) 2023 Vision Awards.

NDB Shareek shines at 9th IFFSA Awards 2024

NDB Bank’s Islamic Banking arm, NDB Shareek, has once again cemented its leadership in the Islamic banking and finance sector by earning multiple accolades at the 9th Islamic Finance Forum of South Asia (IFFSA) Awards held recently in Colombo.

HNB triumphs at SLIM Brand Excellence Awards capturing multiple honours

HNB PLC made a triumphant statement at the 23rd SLIM Brand Excellence Awards 2024, securing a constellation of awards that underscore its dynamic brand positioning.

Gusta specialty food platform upgrades online experience; opens Ahangama store

Gusta, an online platform connecting specialty food providers, was launched during the pandemic to provide discerning customers with access to high-quality foods.

Hayleys Fentons and StarCharge partner to create electric vehicle charging infrastructure network

Hayleys Fentons Limited, in collaboration with StarCharge Digital Energy Private Limited, a world leader in Electric Vehicle (EV) charging solutions, is set to revolutionise Sri Lanka’s EV landscape with a robust infrastructure network.

TVS Motor Company introduces TVS iQube 2.2 kWh to Sri Lanka

TVS Motor Company (TVSM) - a leading global automaker in the two and three-wheeler segments recently launched a new 2.2 kWh battery variant of the TVS iQube electric scooter in Sri Lanka at an introductory price of Rs. 799,000.

Orient Finance shines at IFFSA 2024 earning multiple accolades

Orient Finance PLC has been honoured with five awards at the recently concluded Islamic Finance Forum of South Asia (IFFSA) Awards 2024.

99x hosts Sri Lanka’s biggest product event with ‘ProductXperience Conference 2025’

The ProductXperience Conference 2025, set for 28 January at the Cinnamon Grand, will bring together the brightest minds in digital product design, engineering, and positioning for a day of transformative insights.

IFC, WIM and DCLK launch training to foster respectful workplaces across Lankan SMEs

A new partnership between the International Finance Corporation (IFC), Women in Management (WIM) and Diversity Collective Lanka (DCLK) aim to empower small and medium-sized enterprises (SMEs) in Sri Lanka with the tools and knowledge needed to create safer, more respectful work environments.

COYLE unveils ‘I AM the Sri Lankan Entrepreneur 2024’ awards

The Chamber of Lankan Entrepreneurs (COYLE) unveiled ‘I AM the Sri Lankan Entrepreneur 2024’, an awards evening dedicated to celebrating and empowering the country’s most remarkable entrepreneurs.

Publishing industry faces bleak chapter as VAT threatens survival

Sri Lanka’s publishing industry yesterday raised serious concerns over the 18 percent Value Added Tax (VAT) imposed on books, which according to industry stakeholders has threatened the survival of the entire sector in the country.

SMEs gain breathing space as suspension on parate execution extended till March 2025

Sri Lanka’s small and medium-sized enterprises (SMEs) and businesses can breathe a sigh of relief as the Cabinet approved an extension of the suspension on parate executions until March 31, 2025.

Odel turns to rationalisation measures to mitigate spending slump

With heavy taxes dampening consumer spending, loss-making Odel Plc has moved to location and brand rationalisation measures to mitigate further adverse impacts on its top and bottom lines in 2024/2025 FY.

Geo-economic fragmentation threatens global equity, innovation: CBSL Governor

Geo-economic fragmentation poses a significant threat to global public goods, economic equity, innovation, and international cooperation, the Central Bank of Sri Lanka Governor Nandalal Weerasinghe warned at a recent forum of Asian central bankers.

Cabinet nod to secure US$200 mn from ADB to upgrade power infrastructure

The Cabinet green-light has been granted to secure a US$ 200 million loan from Asian Development Bank (ADB) to upgrade Sri Lanka’s power sector infrastructure, to enhance the reliability of transmission and distribution networks, leading to greater integration of renewable energy.

Sri Lanka, India to ink new agreement to prevent double taxation and tax evasion

Sri Lanka and India are set to enter into a fresh agreement for or the avoidance of double taxation and the prevention of evasion of tax on income, in line with minimum standards of Organisation for Economic Cooperation and Development (OECD) / G-20 Base Erosion and Profit Shifting Project (BEPS).

Buying interest emerges ahead of bill auction

The secondary market yesterday saw a pre-auction buzz with significant buying interest with moderate trading volumes in short to mid-term maturities, where 2027, 2028, 2029 and 2030 maturities took the center stage. On the short end of the curve, 15.10.27, 15.12.27traded between 10.10% to 9.95% whilst on the belly end of the curve, 15.02.28, and 15.03.28 traded between 10.45% to 10.38%, respectively.

Indices continue to close in green

The ASPI closed in green as a result of price gains in counters such as LOLC Holdings, Browns Investments and John Keells Holdings with the turnover crossing Rs. 4.3 bn.