Fitch affirms Central Finance’s National Long-Term Rating at ‘A-(lka)’

Fitch Ratings has affirmed Sri Lanka-based Central Finance PLC’s (CF) National Long-Term Rating at ‘A-(lka)’. The Outlook is Stable. CF’s rating is driven by its standalone credit profile, characterised by capitalisation above the industry average, stronger asset quality and profitability and lower leverage than that of other Fitch-rated standalone peers.

ASPI crosses the 12,000 mark

Indices closed in green as a result of price gains in counters such as John Keells Holdings, Sampath Bank and Hatton National Bank with the turnover crossing Rs. 2.8 Bn. High net worth and institutional investor participation was noted in Sampath Bank, Hatton National Bank and Chevron Lubricants. Mixed interest was observed in Commercial Bank, John Keells Holdings and Digital Mobility Solutions Lanka whilst retail interest was noted in LVL Energy

ComBank joins Yagirala rainforest conservation effort with pledge to plant 10,500 trees

The Commercial Bank of Ceylon has announced a partnership with the Department of Forestry and Environmental Science of the University of Sri Jayewardenepura to support the restoration and conservation of the Yagirala rainforest in the Kalutara District.

Profit-taking continued, resulting in an uptick in yields

The secondary market yield curve saw a slight uptick on the short to mid end as market participants sought to realise gains from the recent bull run. In the early hours, there was a moderate buying sentiment for the 15.05.26 and 01.06.26 bonds, which traded at 10.50 percent. On the mid end, the 15.12.27, 15.02.28 and 15.12.28 bonds changed hands at 11.45 percent, 11.55 percent and 11.70 percent, respectively. As the day progressed, heightened se

Delma Lanka announces SLS certification for Calin Baby soap products

Delma Lanka Company held a media briefing at Shangri-La Hotel premises in Colombo recently to raise awareness about the SLS certification for Calin Baby soap products.

Nations Trust WNPS monthly lecture explores mysteries of blind snakes

Nations Trust Bank and the Wildlife and Nature Protection Society (WNPS) together hosted the Nations Trust WNPS Monthly Lecture for the month of September on the topic of blind snakes, creating awareness on their biology, diversity and ecological importance.

Trinity wins at NDB powered 9th Bradby golf encounter

The Old Trinitians secured a triumphant 6.5/3.5 victory against their rivals, the Old Royalists, at the 9th Bradby Golf encounter held on September 6th at the Victoria Golf Resort (VGR). Powered by NDB Bank, the event saw Trinity College, led by SurenVaas,

Seylan Bank’s collaboration to host ‘The Gathering of the Giants’ concludes on positive note

Seylan Bank’s exclusive collaboration to host the ‘Gathering of the Giants’ with Cinnamon Hotels & Resorts and their nature-based tourism arm, Cinnamon Nature Trails, concluded on a positive note, receiving an enthusiastic response from participants.

Puritas Sath Diyawara of Hayleys Group celebrates 10th anniversary

Hayleys recently reaffirmed its commitment to its flagship social sustainability initiative, ‘Puritas Sath Diyawara.’ Celebrating its tenth consecutive year, this initiative recognizes the critical importance of access to clean drinking water and aims toenhance the socio-economic well-being of rural communities.

FPASL hosts ‘Period Proud’ event to raise awareness on period poverty

The Family Planning Association of Sri Lanka (FPASL), in collaboration with the Embassy of France in Sri Lanka and the Maldives, hosted its second public event called ‘Period Proud’ at the Jaffna Cultural Centre on September 13th, from 9 a.m. to 8 p.m.

Gem and Jewellery sector fast losing shine as reforms stall

The Sri Lanka Gem and Jewellery Association (SLGJA) has renewed its call for urgent reforms as the domestic industry faces a downturn, driven by surging gold prices and policy challenges that have hindered growth.

Central Bank issues new corporate governance rules for licensed banks

The Central Bank of Sri Lanka (CBSL) yesterday shared new corporate governance regulations for licensed banks, aimed at reinforcing the accountability and resilience of the country’s banking sector.

Pension entitlements for CB Governors cancelled

The Central Bank of Sri Lanka (CBSL) yesterday announced the cancellation of pension entitlements previously granted to governors appointed after January 1, 1998.

PickMe kicks off trading at Colombo Stock Exchange

Digital Mobility Solutions Lanka Limited, the entity that operates taxi hailing app PickMe, commenced trading at the Colombo Stock Exchange (CSE) yesterday.

Admiral Ranasinghe new SLPA Chairman

The Sri Lanka Ports Authority (SLPA) yesterday announced the appointment of Admiral Sirimevan Sarathchandra Ranasinghe (Rtd) as its new Chairman.

MillenniumIT ESP expands global presence with new hub at Port City Colombo

MillenniumIT ESP has taken a major step in its global expansion by launching a new Global Service Delivery Centre at Port City Colombo.

ComBank ranked No. 2 among SL’s Top 100 listed companies

The Commercial Bank of Ceylon has been ranked second in the ‘LMD 100’ for 2023-24, moving up five places in the ranking the magazine calls ‘Sri Lanka’s Roll of Corporate Honour.’

Indices close in red

The ASPI edged down as a result of price losses in counters such as Hatton National Bank, Sampath Bank and Commercial Bank with the turnover crossing Rs. 1.3 bn.

Profit taking emerges following extended bullish momentum

The secondary market sentiment saw a reversal in sentiment during the day as investors resorted to book profits after extended bullish interest.

People’s Bank becomes SL’s first D-SIB to receive ISO/IEC 27001:2022 certification

People’s Bank announced that it has become the first Domestic Systemically Important Bank (D-SIB) and state-owned bank in Sri Lanka to achieve the prestigious ISO/IEC 27001:2022 certification for its Information Security Management System (ISMS).

Orient Finance expands reach in East

Orient Finance PLC, a leading financial services provider, has strengthened its presence in the Eastern region with the opening of two new branches in Chenkalady and Kaluwanchikudy.

CFA Society Sri Lanka launches CFA Institute Research Challenge Sri Lanka 2024/25

CFA Society Sri Lanka announced the launch of CFA Institute Research Challenge Sri Lanka 2024/25, the local round of the CFA Institute Global Research Challenge, which was officially inaugurated at the Colombo Stock Exchange (CSE) recently.

Ceylon Chamber announces panel of evaluators for BCCS Awards 2024

Following the launch of the application process for Best Corporate Citizen Sustainability Awards 2024, the Ceylon Chamber of Commerce announced the panel of evaluators for the awards.

Nippon Paint Lanka among Great Place to Work’s Best Places to Work in Asia

Nippon Paint Lanka has been ranked as the 56th among the best places to work in Asia for 2024.

Sri Lanka’s IT sector to participate in Dubai’s GITEX Expand North Star

The Sri Lanka Export Development Board (EDB), in collaboration with the Sri Lanka Consulate General in Dubai, UAE, is organising the Sri Lanka pavilion at GITEX Expand North Star from October 13 to 16, 2024.

Entries now open for Effie Awards Sri Lanka 2024

The most anticipated event in Sri Lanka’s marketing and advertising industry, the Effie Awards, is now accepting entries for the 2024 competition.

SLT-Mobitel offers unparalleled benefits with eSim services

SLT-Mobitel is offering an easy and seamless way to join the network with its cutting-edge eSIM service. Powered by SLT-Mobitel’s unparalleled 4G connectivity and extensive islandwide coverage, this proposition empowers customers to get connected within minutes—wherever you are.

Singer and Sony unveil latest Bravia TV and audio range

Sony Electronics Sri Lanka and Singer Sri Lanka celebrated a landmark occasion with the joint launch of the newest Bravia TV range at Galle Face Hotel, Colombo.

New Climate Futures programme now open for applications

Offers grants for Sri Lanka artists and cultural organisations tackling climate change

Women’s Chamber of Industry and Commerce holds 39th AGM

The Women’s Chamber of Industry and Commerce (WCIC) held its Annual General Meeting (AGM), marking a pivotal moment in the organisation’s 39-year journey.