Sri Lanka fashion sparks fresh path to inspire South Asia

Sri Lanka’s apparel sector is setting its sights on a new goal: to become South Asia’s creative industries hub, building on its longstanding reputation for quality manufacturing and sustainable practices.

Mercedes-Benz Fashion Week Sri Lanka honours fashion trailblazers

The curtain fell on Mercedes-Benz Fashion Week Sri Lanka 2024 in a spectacular finale that was as much a celebration of artistry as it was homage to visionary talent. Amid a showcase of avant-garde creations and bold couture, awards were presented to luminaries whose contributions are redefining the nation’s designer landscape. From established icons to promising new voices poised to make waves on the global stage, this night honoured those who i

Fashion Innovation Runway

The Fashion Innovation Runway, presented by Sri Lanka’s apparel industry, took center stage at Mercedes-Benz Fashion Week Sri Lanka 2024, showcasing a stunning fusion of creativity, sustainability, and cutting-edge design. The runway featured a collection of bold, forward-thinking designs, reflecting the country’s growing emphasis on innovation within the fashion sector.

Spa Ceylon partners with Biodiversity Sri Lanka to give ‘Life to Our Coral Reefs’

Spa Ceylon, the world’s largest Luxury Ayurveda brand, announced its commitment to conserving and restoring valuable marine ecosystems surrounding Sri Lanka, in partnership with the Life to Our Coral Reefs initiative of Biodiversity Sri Lanka (BSL).

CDB crowned at National ICT Awards for AI-Powered Credit Decision Making

Underscoring its commitment to transforming credit decision making through AI, Citizens Development Business Finance PLC (CDB) won Silver at the National ICT Awards NBQSA 2024, for its AI-Powered Credit Decision Making.

3M-MLL warns customers about dangers of purchasing fake and grey channel 3M products

McLarens group (3M-MLL), the master distributor for 3M products in Sri Lanka is reaffirming its commitment to safeguarding customers by ensuring that they are thechannel for authentic 3M products.

Abans Achievers Night 2024 honours outstanding staff members

The annual event commemorating the dedication of outstanding staff members at Abans PLC took place on 8th November at Shangri-La with the participation of back-office and sales staff, top management personnel, and other dignitaries, including Gerald Chun, Managing Director of LG Electronics and Keith Chung, Sales Director of LG Electronics.

Senfin sponsors Kelaniya University Stock Market Challenge

Senfin Securities Limited and Senfin Asset Management (Pvt) Limited served as the premium sponsor for the Senfin | UoK Stock Market Challenge 2024, held at the University of Kelaniya organized by the Students’ Association of Financial Management and Department of Commerce & Financial Management.

Amana Bank joins hands with Biodiversity Sri Lanka to restore Mangrove Ecosystems

Amana Bank announced its partnership with Biodiversity Sri Lanka (BSL) for its”Life to Mangroves” project in Puttalam District, furthering the Bank’scommitment to sustainability and environmental preservation. This initiative focuses on restoring and conserving Sri Lanka’s vital mangrove ecosystems, which are crucial in coastal protection, biodiversity, and climate resilience.

Sri Lanka’s rupee to remain on a ‘very comfortable terrain’ in coming years: SLBA

Sri Lanka’s rupee is projected to remain on a ‘very comfortable terrain’ in the coming years, with the gross foreign exchange reserves standing to top the US $ 12 billion mark before the capital repayments to the creditors begin in 2029, according to a top banker.

JICA plans new support for Sri Lanka’s estate sector

Sri Lanka’s estate sector community is likely to receive significant multinational support, with the Japan International Cooperation Agency (JICA) looking to extend its assistance to improve the social and economic conditions of the estate communities.

SLT-Mobitel achieves financial recovery in 3Q 2024

The SLT-Mobitel group has reported a profit after tax (PAT) of Rs.1,093 million for 3Q 2024, compared to a loss of Rs.1,543 million for the same period last year, demonstrating a significant 171 percent turnaround in bottom line performance.

Cartoon 14.11.2024

NDB delivers solid profits amidst gradually reviving economic conditions

National Development Bank PLC (NDB) reported a resilient performance for the nine months ended September 30, 2024, navigating the challenges and optimising the emerging opportunities in a reviving economy.

ComBank accelerates lending in 3Q as strong fundamentals spur growth

The Commercial Bank of Ceylon group has achieved impressive growth at the end of the third quarter of 2024 by banking on judicious portfolio management and continued improvement of its CASA ratio to counteract the impacts of reduced interest income in the prevailing market conditions.

Fitch assigns Commercial Bank of Ceylon’s proposed debut green bond final ‘A(lka)’

Fitch Ratings has assigned Commercial Bank of Ceylon PLC’s (COMB; A(lka)/Stable) proposed Sri Lankan rupee-denominated senior unsecured listed green bonds of up to Rs.5 billion a final National Long-Term Rating of ‘A(lka)’.

BOC sees 66% surge in profit for first 9 months of 2024

In the first nine months of 2024, Bank of Ceylon (BOC) reported a 66 percent year-on-year (YoY) increase in profit before tax to Rs.37.6 billion (US $ 114 million), supported by strategic moves in a challenging economic environment.

Union Bank reports modest loan growth amid narrowed margins

Union Bank of Colombo PLC saw its net interest income coming down in the three months to September 2024, on the back of the declining margins, despite some modest growth in loans.

NOTICE

Shortened trading hours on CSE todayTrading on the Colombo Stock Exchange (CSE) will be from 9:30 a.m. to 12:30 p.m. today, November 14, 2024, in view of the Parliamentary elections.

ASPI crosses 13,000 mark

Indices closed in green as a result of price gains in counters such as Sampath Bank, Hatton National Bank and LOLC Holdings with the turnover crossing Rs. 6.9 Bn.

Yields decline as buying interest emerges

The secondary market yield curve witnessed significant buying interest across the board, particularly during the morning session of trading.

LOLC Finance reports Rs.8.1bn PAT in 1H24

LOLC Finance PLC marked a strong first half of profitability and growth for the six months ended September 30, 2024.

SITREK’s Digital Evolution Seminar to kick off on Nov. 27

SITREK Group, as a leader in innovation and modernisation, plays host to the Digital Evolution Seminar on November 27 and 28, 2024, at The Studio, Cinnamon Life.

USJ FMSC Finance Department launches Master of Applied Finance programme

The Department of Finance of the Faculty of Management Studies and Commerce (FMSC), University of Sri Jayewardenepura (USJ), launched its new postgraduate programme, the Master of Applied Finance, on November 2, 2024, at the Securities and Exchange Commission (SEC) auditorium.

Transco Travels unveils brand-new office in Sri Lanka

Transco Travels, an innovative destination management company in Sri Lanka and a subsidiary of Transco Holdings, recently unveiled its new, state-of-the-art office premises, centrally located at 41 Janadhipathi Mawatha, Colombo 1.

Hayleys Solar wins Dragons of Asia Award

Hayleys Solar, the renewable energy arm of Hayleys Fentons Limited, announced its Silver award win at Dragons of Sri Lanka, part of the esteemed Dragons of Asia 2024, for its flagship campaign ‘Live a Life Full of Light’.

DIMO drives agri mechanisation through ‘Mahata Wahina Wasi Wassa’ initiative

DIMO launched the ‘Mahata Wahina Wasi Wassa’ initiative to empower farmers by offering free laptops, tabs, electric bicycles and overseas travel opportunities with each Mahindra tractor purchase.

OrphanCare welcomes Kasturi as Trustee

Renowned business personality Kasturi Chellaraja Wilson recently joined the Board of Trustees of OrphanCare, which is an initiative introduced to avoid a second abandonment for orphan children as they transit from their childcare homes to adulthood.

CSE renews Platinum partnership with CFA Society Sri Lanka

The Colombo Stock Exchange (CSE) has renewed its partnership as the Platinum Partner of CFA Society Sri Lanka for the eighth consecutive year, reinforcing a shared commitment to promoting ethical standards, education and professional excellence within the Sri Lankan investment industry.

Is a robust visa platform in Sri Lanka a critical need for tourism sector?

Sri Lanka’s tourism sector is facing growing challenges as some foreigners appear to be taking advantage of the country’s relaxed visa policies.