Amana Bank supports Kebitigollewa Solar Power Project

Amana Bank announced its involvement in financing the recently inaugurated 10 MW ground-mounted Kebitigollewa Solar Power Project, led by WindForce PLC. This solar power plant is a landmark achievement, as it is the first of its kind in Sri Lanka to be entirely operated by an all-woman technical team.

Sinharaja Eco Lodge to promote mindful tourism

Located in the village of lush green Lankagama, in Neluwa, Galle, Sinharaja Eco Lodge has become a centre of attraction among nature lovers. This is because of its unique location at the border of one of the most beautiful rainforests in the Asian region, Sinharaja.

SLASSCOM’s Mega Mind 2024 showcases intellectual brilliance

Sri Lanka Association for Software and Services Companies (SLASSCOM) recently concluded its highly anticipated Mega Mind Quiz Show 2024 that brought together teams from member companies for a night of friendly competition in a vibrant atmosphere.

David Pieris Solar completes mega project in Ranna

David Pieris Renewable Energy (Private) Limited (DPRE) successfully completed yet another major solar energy project at the Manufacturing Complex of David Pieris Motor Company (Lanka) Limited (DPMCL) in Ranna, in the Hambantota district.

ComBank Digital launches H2H services for corporate clients

Commercial Bank of Ceylon has announced the launch of Host-to-Host (H2H) payment services for corporate clients as the latest addition to ComBank Digital Enterprise Solutions – the bank’s comprehensive and powerful suite of cutting-edge digital banking solutions for SMEs and corporates.

Singhagiri-Samsung mark successful partnership with new flagship showroom opening

​The newest Singhagiri Plaza flagship showroom, showcasing the latest in technology, innovation and home appliances, was opened on R.A. De Mel Mawatha recently, with much glamour and the event signified the strong bond forged between Samsung and Singhagiri for over 40 years within the 52-year-old history of the company.

SLT-Mobitel shines at 2024 ARC Awards

SLT-Mobitel earned global recognition, securing a Gold and a Certificate of Honour at the prestigious 38th Annual International ARC Awards held recently.

Gapstars receives Great Place to Work recognition for 6th year

For the sixth year running, Gapstars has been recognised as a Great Place to Work in Sri Lanka, adding yet another accolade to its growing collection. And if that wasn’t enough, it has also landed in the Top 50 Small to Medium Enterprises list for the third consecutive year.

People’s Bank’s People’s Pay app offers easy access to CRIB MyReport

The Credit Information Bureau (CRIB) has partnered with the People’s Pay digital wallet app, allowing users to download their CRIB MyReport with just a few taps.

Siyapatha Finance ranked as Best-Performing Finance Company by K Seeds

In a recent comprehensive financial analysis carried out by K Seeds Investments (Pvt.) Ltd, Siyapatha Finance PLC was ranked as the Best-Performing Finance Company in Category Two, among 32 licensed finance companies, for the quarter ended June 30, 2024.

CA Sri Lanka’s Annual Awards recognises trailblazing members

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) presented awards to three distinguished Chartered Accountants for their remarkable contributions to the world of business, locally and globally, recently.

SL’s debt reduction lower than anticipated at 19.8% NPV: Verité Research

Sri Lanka’s debt relief from its recent agreement is expected to be 19.8 percent in net present value (NPV) terms, based on a 5 percent discount rate, lower than the 30 percent NPV reduction projected in the government’s baseline scenario, Verité Research said.

Fitch rates Asia Asset Finance’s outstanding secured debentures at ‘A+(lka)’

Fitch Ratings has assigned Asia Asset Finance PLC’s (AAF, A+(lka)/Stable) outstanding Sri Lanka rupee-denominated secured (asset backed) debentures a National Long-Term Rating at ‘A+(lka)’.

Battles against inflation largely won but big challenges still exist: IMF

The global battle against inflation has largely been won but there are still big challenges facing the world economy, International Monetary Fund (IMF) chief Kristalina Georgieva said Thursday.

Colombo Tea Auction offering dips to 5.8 MnKgs this week

The overall auction quantity declined to 5.3 million kilogrammes, from a 5.8 million kilogrammes on offer the previous week.

TikTok releases 2Q 2024 Community Guidelines Enforcement Report

TikTok has released its 2Q 2024 Community Guidelines Enforcement Report, showcasing its ongoing commitment to creating a safe digital space for its users. The report, which covers data from April to June 2024, details the proactive steps TikTok has taken to identify and remove content that violates its Community Guidelines, ensuring a positive experience for its global community.

CDS partners with Sampath Bank to provide comprehensive dividend pay-out solution

The Central Depository Systems (Pvt.) Limited (CDS) and Sampath Bank PLC have entered into a significant partnership to enhance the efficiency of dividend disbursement services for the listed companies on the Colombo Stock Exchange (CSE).

Emirates flying high with title of ‘World’s Best Airline’ from new comprehensive study

Emirates has come out on top as the ‘World’s Best Airline’ amongst 90 global carriers in a recent comprehensive and methodological study by Telegraph Travel.

Week ends in green

The ASPI closed in green as a result of price gains in counters such as C T Holdings, Central Finance Company and Hatton National Bank with the turnover crossing Rs. 1.9 Bn. A similar behaviour was witnessed in the S&P SL20.

Bond yields tick higher on extended selling

Concluding the week, the secondary market yield curve slightly edged up across the board amidst slight selling interest while the overall market witnessed low volumes and limited activities.

ComBank supports WNPS PLANT project to reforest banks of Maskeli Oya

The Commercial Bank of Ceylon has expanded its wide-ranging commitment to sustainability with a pledge of support to a project to reforest a part of a nine-kilometer stretch of the banks of the Maskeli Oya, a major upstream tributary of the Kelani river.

Atlas Axillia pays tribute to teachers with Guru Garu Teacher Appreciation Initiative

Atlas Axillia in collaboration with the Ministry of Education, hosted the Guru Garu Teacher Appreciation Programme at the Waters Edge Hotel recently.

Emerald International joins forces with OrphanCare to nurture hope for orphaned children

Emerald International announced its partnership with OrphanCare, an independent trust that supports orphaned children transitioning from care homes to adulthood. Through this collaboration, Emerald will donate Rs. 100 from every product sold under its Casual clothing categories, ‘Emerald Active’ and ‘Emerald Fashion’. This initiative underscores Emerald’s deep commitment to social responsibility and uplifting underprivileged communities.

Celebrating the Season at Blue Orbit by Citrus

As the holiday season approaches, Blue Orbit by Citrus invites guests to celebrate high above the Colombo skyline with a dining experience like no other. Located at the top of the Colombo Lotus Tower, this revolving restaurant — the tallest in Sri Lanka and South Asia — promises gastronomic indulgence and breathtaking 360-degree views of the city below.

HNB Legacy Open Golf Tournament swings into action at Nuwara Eliya Golf Club

The HNB Legacy Open 2024, held at the picturesque Nuwara Eliya Golf Club, concluded on 28th September, following an 18 hole game of thrilling competition

Pelwatte Dairy celebrates Children’s Day with special Ice Cream Truck event

In a heartwarming initiative to celebrate Children’s Day, Pelwatte Dairy Industries Limited hosted a joyful ice cream truck event that brought happiness to children in Wanathamulla (Sirisara Uyana), Mattakuliya, and Dematagoda (Dematagoda Mihindusen Pura).

Imperial establishes offshore LPO firm in Sri Lanka

Imperial Advisers has commenced operations in Sri Lanka, establishing an offshore Legal Process Outsourcing (LPO) firm aimed at catering to the unique needs of practicing lawyers, law firms, and other entities involved in legal transactions. The firm offers a range of services, including administrative support, finance support, operational support, and an outsourced client services team.

Sampath Bank marks milestone with 25th tank restoration

Sampath Bank announced the commencement of the restoration of its 25th tank under the bank’s flagship sustainability initiative, the ‘Wewata Jeewayak’ tank restoration programme with the technical support of Mahaweli Authority of Sri Lanka recently.

NDB Bank and NEDA partner to empower MSMEs with ‘SME Connect’ online platform

In an effort towards fostering digital innovation and supporting small businesses, National Development Bank PLC (NDB) has partnered with the National Enterprise Development Authority (NEDA) to facilitate the “SME Connect” online platform.

Jaffna University welcomed into CFA Institute University Affiliation Programme

The University of Jaffna has become the latest institution to be welcomed into the CFA Institute University Affiliation Programme.