Standard Chartered appoints Tamani Dias as Head of Corporate Coverage

Standard Chartered Sri Lanka has appointed Tamani Dias as Executive Director/Head of Corporate Coverage, effective September 30, 2024.

Lion Brewery reinforces data security and integrity with ISO 27001:2022

Underscoring its commitment to data protection and information security, Lion Brewery (Ceylon) PLC was accredited with the internationally recognised standard – ISO 27001:2022 certification.

Pan Asia Bank opens new Piliyandala and Kaduwela Digital Zones

Pan Asia Bank announced the opening of two new Digital Zones in Piliyandala and Kaduwela, aimed at enhancing the banking experience for the customers in these bustling communities.

HNB felicitates employees who completed 25 years of service

Sri Lanka’s leading private sector bank, HNB PLC organized a ceremony recently to felicitate their employees who completed 25 years of service in the Bank.

Central Bank bans 19 entities in crackdown on pyramid schemes

The Central Bank of Sri Lanka (CBSL) has cracked down on a total of 19 entities found to have been operating and promoting fraudulent pyramid schemes in the country.

BOI-backed Bentota Celestia Ayurveda Resort launched with Rs.2.8bn investment

Bentota Celestia Ayurveda Resort, the latest addition to Sri Lanka’s tourism industry, boasts an investment of Rs.28 billion and spans over six acres of land, housing 65 luxurious rooms, five of which are villas.

John Keells Properties achieves Rs.4.2bn sales for Viman Ja-Ela before commencing construction

The Viman Ja-Ela apartments have generated over Rs.4.2 billion in sales, prior to the start of construction on August 26, 2024.

Prices weaken at Colombo Tea Auction this week

The auction offerings were relatively static and totalled 5.8 million kilogrammes.

Marine conference to set sail in November

A groundbreaking event in Sri Lanka’s marine and offshore service sector, the Voyage Sri Lanka 2024 conference, is to set sail on November 26, 2024, in Colombo.

Unilever Sri Lanka partners with USAID and Vega Innovations to scale-up refillable systems

Unilever Sri Lanka, in partnership with Vega Innovations and the United States Agency for International Development (USAID), is scaling up the use of refillable stations.

Tata leadership to remain in the family

BBC: A day after the death of India’s most globally-recognised tycoon Ratan Tata, his half-brother Noel Tata has been named as the new chairperson of Tata Trusts, the group has announced.

Yield curve edges down amidst post-auction buying

At yesterday’s Rs.95.0 billion worth bond auction, the total offered was fully accepted from each maturity with the 15.03.2028 bond closing at a weighted average yield rate of 11.79 percent amidst higher reception.

ASPI gains 2.0% during the week

Indices closed in green as a result of price gains in counters such as Hatton National Bank, Commercial Bank and Hatton National Bank nonvoting with the turnover crossing Rs. 2.3Bn.

British Council Colombo office goes solar in celebration of 75th anniversary

The British Council Colombo office has adopted solar power to generate 100 per cent of its energy requirements.

NQDSM Sales Management Diploma convocation ends on high note

In a momentous occasion for aspiring sales professionals, the annual NQDSM Sales Management Diploma convocation took place on 22nd August 2024, marking the culmination of a year-long journey of learning, development, and professional growth.

Radisson Blu Resort Galle hosts beach clean-up initiative

Radisson Blu Resort Galle, a resort managed by La Vie Hotels & Resorts, recently organized a highly successful beach clean-up as part of its ongoing commitment to environmental sustainability.

Sri Lankan team shines at IFMA Muay Thai Youth World Championship

The Sri Lankan contingent made an impressive mark at the IFMA Muay Thai Youth World Championship 2024, held from September 12 to 19 in Bangkok.

CEAT dealers celebrate success in Bangkok and Pattaya

Top-performing tyre dealers who exceeded their targets for the sale of truck and bus tyres were rewarded with a fun-filled holiday in Thailand recently by CEAT Kelani Holdings.

RDB Bank marks World Children’s & Elders’ day 2024

Regional Development Bank (RDB), the country’s leading state-owned development bank, has been close to the hearts and minds of Sri Lankans for nearly four decades, offering a wide range of savings and financial services.

Eva jointly raises menstrual health awareness under national programme

Sanitary napkin brand Eva partnered with the Ministry of Education, Sri Lanka Police and Team Hero Foundation to launch a transformative educational initiative titled ‘Eva Danamuthu Daru – Danagenama Lokuwemu’ under the national programme ‘Magaharunu Padama’.

Sri Lanka’s untapped export potential widens to US$ 10bn: WB

Sri Lanka’s untapped export potential has grown to an estimated US$ 10 billion annually, according to the World Bank, signalling missed opportunities for economic growth.

SEC to include carbon credits in multi-asset derivatives exchange plan

​Sri Lanka’s Securities and Exchange Commission (SEC) is set to include carbon credits as an underlying asset class in the proposed multi-asset class derivatives exchange in Colombo’s Port City, the regulator said.

World Bank doubles growth forecast for SL to 4.4%

The World Bank has revised its growth forecast for Sri Lanka, doubling its previous projection to a 4.4 percent expansion for 2024. This is a notable upswing in the country’s economic growth from its April estimate of 2.2 percent.

Indian tycoon Ratan Tata dies aged 86

Indian tycoon Ratan Tata has died aged 86, says the Tata Group, the conglomerate he led for more than two decades.

Rs.80bn lost due to PIT tax evasion: IPS study

The government has lost a staggering tax revenue of approximately Rs.80 billion in 2023, due to the widespread Personal Income Tax (PIT) evasion among the eligible taxpayers, according to a recent study by the Institute of Policy Studies (IPS).

EDB launches export readiness programme for beginners

The Export Development Board (EDB) has announced a specialised export readiness programme aimed at equipping beginners with essential skills and knowledge for engaging in international trade.

Govt. appoints new leadership to pilot SriLankan Airlines

The government announced the appointment of Sarath Ganegoda as the new chairman of SriLankan Airlines, the country’s national carrier.

Foreign buying continues

The ASPI edged up as a result of price gains in counters such as Ceylinco Insurance, Hayleys and Ceylinco Insurance nonvoting with the turnover crossing Rs. 1.5 bn.

Yields stay static ahead of the bond auction

The secondary market yield curve remained broadly unchanged yesterday as the market participants opted to lay low ahead of today’s bond auction.

CCC-SLBA ink MoU to promote sustainable finance and financial inclusion

The Ceylon Chamber of Commerce (CCC) and Sri Lanka Banks’ Association (SLBA) signed a memorandum of understanding (MoU) to formalise and strengthen their ongoing partnership in promoting sustainable finance and financial inclusion in Sri Lanka.