SL Human Capital Summit report recommends start-up zones to tackle talent drain

Sri Lanka’s start-up ecosystem and the need to establish dedicated start-up zones was a major area of focus at the recent Sri Lanka Human Capital Summit (SLHCS) of 2024, which brought many experts together to explore the challenges in developing the nation’s workforce.

EDB targets visibility boost with Thailand Expo Study Tour

The Export Development Board (EDB), in collaboration with the Embassy of Thailand, has organised a seven-day study tour to coincide with the 41st Thailand International Motor Expo 2024, in Bangkok.

Yield curve edges higher ahead of T-bill and T-bond auction

The secondary market yield curve edged higher across the board, driven by thin trading volumes and profit-taking activity as investors adopted a wait-and-see approach ahead of the upcoming T-bill and T-bond auctions. After the morning session, the yield curve saw a slight uptick as investors continued to lock in profits from the previous day.

Positive momentum continues

The ASPI edged up as a result of price gains in counters such as John Keells Holdings, Hayleys and Aitken Spence with the turnover crossing Rs. 1.3 bn.

First Capital breaks investment mould with Money Plus Fund

First Capital Asset Management Limited, a subsidiary of First Capital Holdings, drives forward with its groundbreaking unit trust fund, the First Capital Money Plus Fund.

NDB Bank honoured as Bank Partner of the Year at Asia Trusted Life Agents and Advisors Awards

NDB Bank, in partnership with AIA Sri Lanka, announced that the NDB-AIA bancassurance partnership has been awarded the prestigious title of Bank Partner of the Year at Asia Trusted Life Agents and Advisors Awards 2024. This recognition marks a historic milestone, as it is the first time that Sri Lanka has received this international honour.

Mahindra Ideal Finance appoints Mufaddal Choonia as MD and CEO

Mahindra Ideal Finance Limited (MIFL), a subsidiary of Mahindra Finance, has announced the appointment of Mufaddal Choonia as its new Managing Director and CEO, with immediate effect. Choonia will succeed Duminda Weerasekare, who retired as MIFL’s CEO.

Pan Asia Bank introduces unique housing loan package

Pan Asia Bank is transforming the path to homeownership by offering customers more than just a loan – it delivers innovative, tailored solutions that make securing a home easier than ever.

HNB Singithi Giftober offers 2-month gift bonanza for kids

Sri Lanka’s most customer-centric bank HNB PLC announced the return of its most eagerly awaited annual savings bonanza, Singithi Giftober, commemorating the Children’s Day and World Thrift Day this year. Branded with the much-loved HNB elephant Jumbo and anchored by a range of gifts to promote the savings culture among minor account holders. The annual event will run for two months, from September 18 to November 18 and is notably the longest to

SC Securities, Sri Lanka’s first stockbroking company to achieve ISO 9001:2015 certification

In a groundbreaking achievement for the Sri Lankan stockbroking industry, SC Securities (Pvt.) Ltd, a fully-owned subsidiary of Sampath Bank PLC, has become the first stockbroking company in Sri Lanka to obtain the prestigious ISO 9001:2015 certification (as confirmed by SLSI) for its Quality Management System (QMS). The certification was awarded last month at a simple ceremony, where Sri Lanka Standards Institution (SLSI) Director General Dr. S

E-drive completes 1mn kilometres running on Sri Lankan roads

David Pieris Motor Company (Private) Limited (DPMC) announced that its innovative electric-converted three-wheeler E-drive fleet has surpassed a milestone of one million kilometres travelled across Sri Lanka. This achievement marks a significant step in the company’s efforts to contribute to cleaner and greener transportation options throughout the island.

Janashakthi Life expands with new branch in Matugama

Janashakthi Life, a prominent leader in Sri Lanka’s insurance industry, has unveiled its new branch in Matugama. This branch is specifically designed to provide a wide range of life insurance products and services, making them more accessible to the customers.

Virtusa, a Star Performer in Everest Group’s Life & Annuity Insurance IT Services PEAK Matrix

Virtusa Corporation, a global provider of digital strategy, digital engineering and IT services and solutions, announced its designation as a Star Performer, along with the recognition of being a Major Contender, in Everest Group’s Life & Annuity (L&A) Insurance IT Services PEAK Matrix Assessment 2024.

Richwin Plaza and Richwin Investment and Credit win big at Iconic Awards 2024

Richwin Plaza Private Limited and Richwin Investment and Credit Private Limited, part of the same business group, received top awards for their contributions in their respective fields at Iconic Awards 2024.

Hayleys Fabrics receives ZDHC Torchbearer Award

Hayleys Fabrics PLC, Sri Lanka’s largest and leading textile manufacturer, has been recognised for its exceptional leadership in sustainable chemical management by receiving the prestigious ZDHC Torchbearer Award.

Hareendra Dissabandara appointed Chairman of Sri Lanka SEC

Senior Professor Hareendra Dissabandara has been appointed as the new Chairman of the Securities and Exchange Commission (SEC) of Sri Lanka.

Confectionery sector braces for price hikes as supply chain disruptions loom

The prices of the confectionery items in Sri Lanka, which have gradually decreased following the economic downturn, are now facing the risk of rising again, due to the potential supply chain disruptions caused by the developments in the Red Sea, the Lanka Confectionery Manufacturers Association (LCMA) said.

Hambantota Port sees 40% surge in vehicle handling as global transshipments rise

The Hambantota International Port (HIP) saw a 40 percent jump in the number of roll-on/roll-off (RORO) vehicles handled between the second and third quarters of 2024, as the global shipping activity picked up.

Sunshine Healthcare Lanka attracts US $ 10mn FDI from IFC

Sunshine Healthcare Lanka Limited (SHL), the healthcare arm of diversified conglomerate Sunshine Holdings PLC (CSE: SUN), announced the successful conclusion of the approximately Rs.3,270 million equity investment from the International Finance Corporation (IFC), a member of the World Bank Group.

LTL Holdings IPO remains on hold

LTL Holdings’ initial public offering (IPO) remains on hold until the Supreme Court issues a decision, according to a disclosure made to the Colombo Stock Exchange (CSE).

Week begins in green

The ASPI closed in green as a result of price gains in counters such as C T Holdings, Sampath Bank and Hatton National Bank with the turnover crossing Rs. 2.7 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Commercial Bank, Central Finance Company and and Sampath Bank.

Mixed sentiment stirs market amid EDR

The secondary market adopted a mixed sentiment during the day despite the finalisation of the EDR process as the country completed the OCC and IMF consultation proceedings.

Emojot announces leadership restructuring; secures strategic investment

Emojot, a global leader in artificial intelligence (AI) - powered customer experience management, has announced a strategic leadership restructuring alongside securing a strategic investment from the United States (US).

Siyapatha Finance emerges ‘Best Employer Brand of 2024’

Siyapatha Finance PLC was honoured as the “Best Employer Brand” at the recently concluded Sri Lanka Best Employer Brand Awards 2024.

Brandix named ‘Great Place to Work for Women’ 

Sri Lanka’s apparel solutions provider Brandix was recognized as one of Sri Lanka’s Most Outstanding Women-Friendly Workplaces at the Satyn Magazine Women Friendly Workplace Awards (WFWA) 2024.

Standard Chartered Priority and Durdans Hospital partner to deliver exclusive healthcare experience

Standard Chartered Priority, Sri Lanka has collaborated with Durdans Hospitals, a trusted name in Sri Lankan healthcare for over seven decades,

FGE becomes first stockbroker with ISO 27001:2022 for Information Security Standards

First Guardian Equities [Private] Limited (FGE) has become the first stockbroker in Sri Lanka to receive the ISO 27001:2022 certification for their Information Security Management Systems, which underscores FGE’s commitment to safeguarding its clients’ data and ensures a secure trading environment.

Top performers recognized at Amana Bank Awards 2024

Amana Bank recently hosted its Bank Awards 2024, themed ‘Rewarding Excellence,’ to celebrate the extraordinary success and exceptional contributions of its employees.

Uninotes.lk platform revolutionizes search for universities in Sri Lanka

Uninotes.lk, which was launched this year (2024), has emerged as a revolutionary platform, enabling Sri Lankan students to find the right course that suits them among universities in Sri Lanka.

NDB, first Sri Lankan bank to reach 100,000 YouTube subscribers

​NDB Bank has achieved a groundbreaking digital milestone by becoming the first Sri Lankan bank to reach 100,000 subscribers on its YouTube channel, underscoring the bank’s dedication to innovation and its digital-first approach in engaging with customers, setting a new benchmark for the banking industry in Sri Lanka.