Indices close on a positive note

Indices closed in green as a result of price gains in counters such as John Keells Holdings, Commercial Bank and Sampath Bank with the turnover crossing Rs. 2.3 Bn. High net worth and institutional investor participation was noted in Commercial Bank, Sampath Bank and Hayleys.

T-bill auction yields remain stable

The secondary market yield curve remained broadly unchanged during the day, reflecting a mixed sentiment while generating moderate trading volumes.

NYK’s regional team visits H’tota International Port

NYK’s new Regional Managing Director Hiroyuki Noma, stationed in Singapore, made a courtesy visit to the Hambantota International Port (HIP) last week.

HNB Assurance signs MoU with State Mortgage and Investment Bank

HNB Assurance signed a memorandum of understanding (MoU) with State Mortgage and Investment Bank (SMIB), marking the beginning of a strategic partnership aimed at offering financial security solutions for their customers.

FTZMA congratulates new BOI Chairman

The following message was issued by the Free Trade Zone Manufactures’ Association (FTZMA), congratulating the new Board of Investment of Sri Lanka (BOI) Chairman Arjuna Herath.

Sri Lanka-USA Business Council re-elects Charithra Hettiarachchi as President

The Sri Lanka-USA Business Council (SLUSABC) of the Ceylon Chamber of Commerce elected WICHY Plantation Company (Pvt.) Ltd CEO Charithra Hettiarachchi as President for the 2024/2025 term, at its eighth Annual General Meeting (AGM) held recently, at Hilton Colombo Residence.

Dialog Axiata and SDMC Showcase Smart Home Solutions at Google APAC TV Summit 2024

Dialog Axiata, in collaboration with SDMC, proudly showcased its innovative Smart Home Solutions at the Google APAC TV Summit 2024,

SL’s road to global competitiveness: Insights from trade, energy and agriculture policies

In 2023, Sri Lanka’s goods and services exports made up nearly 20.4 percent of GDP, with manufacturing exports contributing 14 percent.

Understanding core of sustainability and its impact on corporate world

Colombo Stock Exchange (CSE) Research and Strategy Division Senior Vice President Nishantha Hewavithana provides a brief overview of the evolving landscape of sustainability,

SLT-Mobitel unveils 5G-ready Apple iPhone 16 series at flagship store

SLT-Mobitel unveiled Apple’s revolutionary iPhone 16 series at an exclusive event held on October 21, 2024, marking a significant milestone in its commitment to bringing cutting-edge technology to Sri Lanka.

CPM Sri Lanka unveils programme for aspiring C-suite leaders

The Institute of Chartered Professional Managers of Sri Lanka (CPM Sri Lanka) announced the upcoming launch of the Chartered Professional Manager (CPM) Professional Programme, a groundbreaking initiative aimed at nurturing the next generation of dynamic leaders in management.

More countries issue travel advisories

Several countries have issued travel advisories for their citizens travelling to Sri Lanka, urging a high degree of caution.

Sri Lanka Tourism invites global travellers for upcoming season

Sri Lanka Tourism warmly invites travellers from around the world to visit the island during the upcoming tourist season.

Russian embassy urges citizens to stay vigilant in Arugam Bay

The Russian Embassy has urged its citizens to remain vigilant and avoid large crowds in response to potential threats against foreign tourists in Arugam Bay.

US Embassy issues travel warning for Arugam Bay

The US Embassy in Colombo said it has received credible information on a potential attack targeting popular tourist locations in the Arugam Bay area. As a precaution, the Embassy has imposed an immediate travel restriction on its personnel to Arugam Bay until further notice.

India-Sri Lanka ferry service operates smoothly

The passenger ferry service between Nagapattinam in India and Kankesanthurai (KKS) near Jaffna in Sri Lanka’s Northern Province is currently operating smoothly, IndSri Ferry Service Pvt. Ltd Managing Director, S. Niranjan Nandagopan said.

SL eyes sustainable and niche tourism

Sri Lanka’s tourism sector is poised for transformation as it seeks to balance the preservation of the country’s authenticity with the exploration of sustainable tourism and niche markets, such as culinary tourism, according to a senior official.

ADB greenlights US$ 30mn grant to support Sri Lanka’s renewable energy sector

The Asian Development Bank (ADB) has agreed to provide Sri Lanka a US$ 30 million grant from its general capital resources to improve the country’s renewable energy capacity.

Govt. raises spending cap for Bribery Commission raids by Rs. 100mn

To strengthen its fight against corruption, the government yesterday raised the maximum expenditure limit for raids conducted by the Bribery or Corruption Allegation Commission by Rs. 100 million.

Sri Lanka Economic Summit to be held in January 2025

The Sri Lanka Economic Summit, the flagship event of the Ceylon Chamber of Commerce (CCC), is rescheduled to be held on 28 and 29 January 2025.

IMF Chief applauds SL’s reform commitment during Washington talks

International Monetary Fund (IMF) Managing Director Kristalina Georgieva commended Sri Lanka’s dedication to reform efforts and reiterated IMF’s support for the country’s progress under its programme.

Indices continue to close on a mixed note

The ASPI edged down as a result of price losses in counters such as SMB Leasing nonvoting, DFCC Bank and National Development Bank with the turnover crossing Rs. 1.9 bn.

Investor interest picks up ahead of weekly bill auction

The secondary market yield curve remained broadly unchanged during yesterday. However, there was a moderate volume recorded, indicating improved investor interest ahead of the weekly auction.

Ceylon Money Market Fund rated A-(f) Stable Outlook by Lanka Rating Agency

The primary objective of the Ceylon Money Market Fund is to offer risk adjusted returns to its clients by investing in short-term investment grade-rated (BBB- and higher) fixed income securities.

Singer brings latest iPhone 16 series to SL market

Singer Sri Lanka PLC announced the arrival of the highly anticipated Apple iPhone 16 series, bringing the latest innovations in smartphone technology to the local consumers.

Cargills Bank expands supermarket banking convenience to 51 new Cargills supermarkets

Cargills Bank is unique among the Sri Lankan banks in offering cash deposit and withdrawal facilities via Cargills Supermarket checkout counters through its supermarket banking service.

Dialog Axiata unveils iPhone 16 series

Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, announced the launch of the highly anticipated, 5G-ready iPhone 16 series, reaffirming its commitment to innovation and delivering cutting-edge technology to the Sri Lankan consumers.

Great Place To Work-AMCHAM-WCIC to host women and wellness event

In its ongoing efforts to promote employee well-being in the workplace, Great Place To Work, in collaboration with AMCHAM and WCIC, will host a women and wellness event on October 30, 2024, at Cinnamon Grand Hotel. Themed ‘Radiance: Inner Wellness, Outer Brilliance, Balanced Future’, the event will explore the connection between inner well-being and outward success for women in professional settings.

Institute of Supply and Materials Management’s National Supply Chain Day Celebrations tomorrow

The Institute of Supply and Materials Management (ISMM), in collaboration with the Industries Ministry and Industries Development Board (IDB), will celebrate the National Supply Chain Day, under the auspices of Prime Minister Dr. Harini Amarasuriya, on Thursday, October 24, at Shangri-la, Colombo, followed by the National Supply Chain Excellence Awards.

Ogilvy’s Geometry Global wins 5 coveted awards at Dragons of Asia 2024

Geometry Global, a strategic business unit (SBU) of Ogilvy Group Sri Lanka, won five awards, including the coveted Blue Dragon for the Best Campaign in Country, at the Dragons of Asia 2024 Awards held recently in Kuala Lumpur, Malaysia.