Tourism stakeholders expect a surge in international visitors with visa issue ironed out

Sri Lanka’s tourism sector stakeholders yesterday gave a thumbs up to the government for ironing out the issues related to the issuance of visas, which was beginning to negatively impact the industry.

‘Sri Lanka Socio-Economic Data – 2024’ available for public information

‘Sri Lanka Socio-Economic Data – 2024’, the annually published data folder of the Central Bank of Sri Lanka, is available for public information.

Ceylon Chamber commends swift resolution of visa on arrival

The Ceylon Chamber of Commerce yesterday commended the new administration for swiftly resolving the visa on arrival issue by reinstating the Electronic Travel Authorisation system. The tourism industry has been gravely concerned about this matter impacting the positive growth momentum of the sector.

ComBank crowned as ADB’s Leading Partner Bank in Sri Lanka for 4th year

The Asian Development Bank (ADB) has honoured Commercial Bank of Ceylon as its ‘Leading Partner Bank’ in Sri Lanka for trade and finance transactions for the fourth consecutive year.

Dr. Nandalal responds to speculation on his possible replacement

Following the election of President Anura Dissanayake and the formation of the new government under the National People’s Power (NPP), Central Bank Governor Dr. Nandalal Weerasinghe yesterday addressed the growing speculation regarding his potential replacement.

ADB President Masatsugu Asakawa to step down in 2025

Asian Development Bank (ADB) President Masatsugu Asakawa announced yesterday that he would step down from his position, effective February 23, 2025, after over five years of leadership.

ASPI gains 7.4% during the week

Indices closed in green as a result of price gains in counters such as Hatton National Bank, Hayleys and Access Engineering with the turnover crossing Rs. 2.9 Bn. High net worth and institutional investor participation was noted in Access Engineering,

Buying interest persists amidst positive sentiment

The secondary market yield curve experienced continued buying interest fuelled by positive sentiment surrounding new government policies as uncertainty amongst investors diminished post-election.

Global Expansia 1.0 to upskill youth in Personal Branding & Leadership

AIESEC in the University of Kelaniya (under AIESEC Sri Lanka - a member of AIESEC - the global youth-led organization), announced the dates for Global Expansia 1.0 for September 28th, to take place at the Mahaweli Center in Colombo.

OSC triumphs at ARC Awards securing global recognition

The Overseas School of Colombo (OSC) has marked a monumental achievement winning Gold at the 2024 International ARC Awards for its 2022/23 Annual Report. This recognition places OSC as the first IB World School globally and the first educational institution in Sri Lanka to claim this honour, reflecting its dedication to transparency, sustainability, and educational excellence.

People’s Bank gifts Apple iPhone 15 Pro Max to YouTube Grand Draw winner

People’s Bank conducted the grand draw to pick the lucky winner who took home a brand new Apple iPhone 15 Pro Max by subscribing to People’s Bank social media pages.

Nawaloka College’s Swinburne Pathway Programmes unaffected by Australian government’s NPL announcement

In response to the increasing influx of international students choosing Australia as their preferred destination for higher education, the Australian Government has introduced a National Planning Level (NPL).

99x unveils ‘Product Central’ to boost developer productivity

99x has announced the launch of ‘Product Central’, a development workbench designed to revolutionise how software teams build, deploy, and manage cloud applications.

Rooster’s HRIS paving the way to improved Campus administration at BCAS

RoosterHR is excited to announce the implementation of its Human Resource Information System (HRIS) at BCAS Campus. This partnership with RoosterHR is designed to enhance the campus’s management of time and attendance, payroll, and roster management, streamlining operations to support both staff and students. By integrating RoosterHR’s HRIS, BCAS continues to demonstrate its commitment to modernizing administrative processes and providing a world

oneworld names new Vice President of Membership

The oneworld alliance announced the appointment of Loren Neuenschwander in the new role of Vice President, Membership. A seasoned aviation leader with more than thirty years’ of international aviation experience, Neuenschwander spent 28 years with Delta Air Lines and joins the alliance most recently from the Boston Consulting Group.The oneworld alliance announced the appointment of Loren Neuenschwander in the new role of Vice President, Membershi

CBSL maintains policy interest rates at their current levels

The Monetary Policy Board of the Central Bank of Sri Lanka has decided to maintain its policy interest rates at their current levels.

August consumer confidence down marginally in lead up to Presidential election

Sri Lanka’s Consumer confidence dropped marginally in August 2024 in lead-up to Presidential election, the Institute for Health Policy (IHP) survey showed.

SriLankan named Leading International Airline in South Asia at SATA 2024

SriLankan Airlines has been recognised as the Leading International Airline in South Asia under the Visitors’ Choice Awards category at the South Asian Travel Awards (SATA) 2024, marking its second consecutive win in this category.

CSE signs MoU with Sampath Bank to improve dividend distribution 

The Central Depository Systems (Pvt) Limited (CDS) has signed a Memorandum of Understanding (MoU) with Sampath Bank to improve dividend disbursement services for companies listed on the Colombo Stock Exchange (CSE).

Oil prices slide on prospect of Saudi Arabia raising output

REUTERS - Oil prices slipped yesterday, reversing earlier gains, on a media report that Saudi Arabia, the world’s top crude exporter, will give up its price target in preparation for raising output.

Musk hits back after being shunned from UK summit

BBC: The world’s richest person, Elon Musk, has hit back after not being invited to the UK government’s International Investment Summit.

Brown and Company completes acquisition of Isin Lanka

Brown and Company yesterday announced it has acquired 100 percent shareholding of Isin Lanka (Private) Limited from its former shareholders on 24 September 2024.

Unilever Sri Lanka becomes most preferred employer among undergraduates again

Unilever Sri Lanka has once again solidified its status as the most preferred employer among undergraduates in Sri Lanka.

Turnover crosses Rs. 4bn

The ASPI edged up as a result of price gains in counters such as Hatton National Bank, Sampath Bank and National Development Bank with the turnover crossing Rs. 4.3bn.

Bullish buying spree extends

The secondary market continued its bullish buying trend from previous sessions yesterday, driven by high trading volumes ahead of the monetary policy review announcement set for today (27th Sep 2024). This surge in activity contributed to enhanced market sentiment, with significant volumes being traded throughout the day.

HNB wins high at Euromoney Awards for Excellence 2024

HNB was honoured with the titles of Sri Lanka’s Best Bank and Sri Lanka’s Best Bank for SMEs at the prestigious Euromoney Awards for Excellence 2024.

IT Gallery Partner Summit 2024 recognises top HIKSEMI contributors

Since its inception in 2018, the annual IT Gallery Partner Summit has been a key event in terms of fostering innovation and connections within the industry. This year, IT Gallery included the HIKSEMI Sri Lanka Dealer Appreciation Conference 2024 in celebration of its partnership.

SLT-Mobitel offers new tourist SIM and eSIM packages

Reaffirming its commitment to offering best in class connectivity, SLT-Mobitel has unveiled an exciting value proposition with its latest Tourist SIM pack, specifically designed to cater to the communication needs of tourists visiting the island nation.

CSE partners CMA Excellence in Integrated Reporting Awards 2024

The Colombo Stock Exchange (CSE) and Institute of Certified Management Accountants of Sri Lanka (CMA) recently signed a memorandum of understanding (MoU) with the aim of supporting the CMA Excellence in Integrated Reporting Awards 2024 (CMA-IR Awards).

Hayleys ranked No. 1 in LMD 100 for 2023/24

Hayleys PLC has once again claimed the top spot in the 31st annual edition of the LMD 100, cementing its position as Sri Lanka’s No. 1 corporate.