Dinesh appointed UB chairman

Union Bank PLC has appointed Dinesh Weerakkody as its new Chairman, following the resignation of Nirvana Chaudhary, the bank disclosed to the Colombo Stock Exchange (CSE) yesterday.

October commences with gains

Indices closed in green as a result of price gains in counters such as Hatton National Bank, John Keells Holdings and Commercial Bank with the turnover crossing Rs. 3.5 bn.

Mixed sentiment lingers ahead of bill auction

The secondary market exhibited mixed activities throughout yesterday, with subdued trading volumes ahead of today’s Rs. 142.5bn T-bill auction.

Siyapatha Finance posts steady growth in 1H 2024

Siyapatha Finance PLC recently posted a steady financial growth for the first half ended June 30, 2024. The company recorded a profit after tax (PAT) of Rs.513 million, indicating a 189 percent increase compared to the corresponding period last year, while the profit before tax (PBT) grew by 133 percent compared to the preceding year and stood at Rs.1,215 million.

NTB initiative increases foreign remittance inflow

Nations Trust Bank (NTB) successfully concluded its ‘We Transfer More Than Just Money’ remittance initiative for 2024, resulting in a significant surge in foreign remittances from overseas.

SDB bank appoints Kapila Ariyaratne as new CEO

SDB bank announced the appointment of veteran banker Kapila Ariyaratne as its new Executive Director/Chief Executive Officer.

Seylan Tikiri celebrates 11th World Children’s Month with exclusive gifts

Seylan Tikiri, a leading minor savings brand, is celebrating the World Children’s Day with its 11th World Children’s Month (WCM) campaign.

Dushani Corea appointed as a KPMG SL Principal

KPMG in Sri Lanka, a member firm of the KPMG network of independent member firms, has appointed Dushani Corea as a Principal of the firm, with effect from October 01, 2024.

Tokyo Cement appoints 2 directors to board

Tokyo Cement Company (Lanka) PLC announced the appointment of Mano Sekaram and Averil Anne Ludowyke as Independent Non-Executive Directors to its board.

HDFC Bank gets new Acting General Manager/CEO

C.R.P. Balasuriya has been appointed as Acting CEO/General Manager of HDFC Bank, effective September 26, 2024.

SLIC offers Rs.1mn free life cover to parents of children born on Children’s Day 2024

In celebration of World Children’s Day 2024, Sri Lanka Insurance Life extends its commitment to securing the future of the nation’s children by offering a Rs.1 million free life insurance cover to the parents of every child born on October 1, 2024, across the island.

Capital Market Masters Quiz National Level Competition concludes at CSE

The much-anticipated National Level Competition of the Capital Market Masters Quiz successfully concluded recently at the Colombo Stock Exchange (CSE) trading floor, World Trade Centre, Colombo.

Aviyana supports Sri Lanka Trade Fair Dubai 2024

Aviyana, in a move to promote business and tourism hand in hand, Sri Lanka’s first-ever seven-star hotel, has chosen to be the Main Sponsor for the highly anticipated Sri Lanka Trade Fair Dubai 2024, which is set to take place on November 2 and 3, 2024, at Crown Plaza, Dubai, UAE.

SriLankan Airlines unveils new apron bus wraps

SriLankan Airlines has unveiled new apron bus wraps that celebrate the iconic cities forming the map of Sri Lanka. Through vibrant illustrations, the new wraps promote the extraordinary iconography and experiences that each location offers. These newly branded apron coaches, which transfer passengers between the terminal and remote stands at Bandaranaike International Airport, will be one of the first visual impressions of Sri Lanka for tourists

Prime Group wins Sri Lanka Best Employer Brand Award 2024

Prime Group, the nation’s leading real estate conglomerate, has clinched the prestigious Sri Lanka Best Employer Brand Award at the 19th Employer Brand Awards 2024, in recognition of its commitment to human resource development and employee welfare, creating a positive and nurturing work environment.

Mega Expo 2024 brings industry leaders to Jaffna

The much-anticipated Future Image Mega Expo 2024 was held on August 23 and 25, 2024, at the iconic Veerasingham Hall in Jaffna.

Channa Gunawardana Litro Gas Lanka’s new Chairman

Litro Gas Lanka Ltd and Litro Gas Terminal Lanka (Pvt.) Ltd yesterday saw the appointment of Channa Gunawardana as its new Chairman.

CFA Society Sri Lanka and Neuralgap to host course on understanding and applying AI in finance

CFA Society Sri Lanka, in collaboration with Neuralgap, announced the upcoming course titled ‘Understanding and Applying AI in Finance: From Concepts to Practice’, scheduled for Thursday, October 10, 2024, from 8:30 a.m. to 12:30 p.m., at GF 02 Hall, Galle Face Hotel, Colombo.

Courier Express Parcel Association congratulates new President

The Courier Express Parcel Association of Ceylon (CEPAC) extends its warmest congratulations to Anura Kumara Dissanayake on his election as the ninth Executive President of Sri Lanka.

OTDYKH leisure 2024 marks 30th anniversary

The 30th anniversary International Forum and Exhibition OTDYKH Leisure 2024 concluded on September 19 at the Expocentre Fairgrounds, attracting over 9,000 industry professionals, including representatives from Russian regions, foreign delegations, tour operators, hotels, and various tourism-related sectors. The event was a resounding success, fostering collaboration and innovation across the global travel industry.

Boost in key sectors pushes August exports up 4.18% YoY

Sri Lanka’s export performance expanded 4.18 percent year-on-year (YoY) in August, recording a revenue amounting to US $ 1.16 billion.

Colombo inflation declines 0.5% in September on low food and fuel prices

Inflation in the Colombo district fell in September, after slowing substantially in August, as both food and non-food prices declined in tandem, due to the increased supply conditions as well as the cut in fuel prices and water tariffs.

Sri Lanka rings bell on first-ever green bond issuance

Sri Lanka yesterday marked a milestone by ringing the trading bell for its first-ever green bond issuance at the Colombo Stock Exchange (CSE), with DFCC Bank being the inaugural issuer.

Carson Cumberbatch welcomes Ravi Dias as new Group Chairman

Carson Cumberbatch PLC welcomed W.M. Ravindra S. Dias as the new Chairman of the Carson Cumberbatch PLC board, effective September 25, 2024.

ASPI gains 9.1% during the month

Indices closed in green as a result of price gains in counters such as John Keells Holdings, Commercial Bank andNational Development Bank with the turnover crossing Rs. 2.6 Bn. High net worth and institutional investor participation was noted in United Motors Lanka, Hatton National Bank, Tokyo Cement Company.

Market takes a breath post-bullish surge

Investor sentiment paused momentarily following a substantial buying momentum witnessed in previous days, indicating a period of stabilisation ahead of the T-bill auction.

FCT recognized globally for outstanding industry leadership and reporting

First Capital Treasuries PLC (FCT) continues to solidify its status as a financial powerhouse.

HNB and Hayleys Solar partner to offer flexible financing for renewable energy solutions

HNB PLC has renewed its partnership with Hayleys Solar, the renewable energy arm of Hayleys Fentons, to offer maximum value to customers seeking solar energy solutions.

Union Assurance Premier Club celebrates excellence in 2Q24

Union Assurance hosted its Premier Club awards ceremony for the second quarter of the year at the Avenra Gardens Hotel in Negombo.

Locate Your Child Anywhere with Dialog Suraksha Tag: The Ultimate Tracking Solution

Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, has announced the launch of the Dialog Suraksha Tag, an advanced child tracking solution designed to offer parents and guardians peace of mind by allowing them to monitor their child’s location in real time.