The ninth Annual General Meeting of the Condominium Developers Association of Sri Lanka (CDASL) was held recently at the Ceylon Chamber of Commerce. The event witnessed the appointment of CDASL Chairman for the year 2023-2024, Pinsiri Fernando, with

Nestlé Lanka PLC on Wednesday said it received the approval of the Securities and Exchange Commission (SEC) to delist its shares from the official list of the Colombo Stock Exchange. The SEC

Fabric maker Teejay Lanka PLC reported losses for the quarter ended June 30, 2023 (1Q23) amid a considerable decline in the

Seylan Bank PLC reported improved financial performance for the quarter ended June 30, 2023 (2Q23) amid a sharp drop in impairment provisions, the interim financial accounts released to the Colombo Stock Exchange showed.

Sujeewa Peiris, Director/CEO at Bartleet Religare Securities (Pvt) Ltd, has been elected to the Colombo Stock Exchange (CSE) board with effect from August 9, 2023. Peiris joined Bartleet Group in 1990 and has played a pivotal role in the growth and

Four subsidiaries of Singapore-based Goodhope Asia Holdings Ltd, the holding company of Carson Cumberbatch PLC, has received the approval from the Securities and Exchange Commission (SEC) to delist their shares from the official list of t

n a splendid celebration under the exalted theme ‘League of Legacy’, Union Assurance hosted its Annual Awards 2022 for the Agency Distribution Channel, to honor the outstanding achievers. The memorable event unfolded at the Monarch Imperial on J

People’s Bank’s Gampaha Regional Export Hub was recently declared open at the Gampaha Branch by Chief Executive Officer / General Manager, Clive Fonseka. The Export Hub concept was introduced with the aim of providing all the necessary facilities

NDB Bank was recently honoured as one of the Most Outstanding Women Friendly Workplaces in Sri Lanka for the year at the Third Edition of the Women Friendly Workplace Awards 2023 (WFWA). The awarding ceremony was held on the 21st of July 2023 at the

DFCC Bank has taken a significant step to support its customers amidst challenging times. Accordingly, in line with the Central Bank of Sri Lanka’s (CBSL) revision of policy rates, interest rates on ‘DFCC Ranwarama’ pawning facilities have been

Allianz Lanka, one of Sri Lanka’s leading insurers, and a member of the global Allianz SE Group, recently announced the relocation of its branch in Nittambuwa. The new branch boasts modern amenities and a design philosophy in alignment with Allian

Arpico Insurance PLC announced the appointment of Ramal Jasinghe as its new non-executive Chairman of the Board. Effective 5th July 2023, Jasinghe succeeds Viville Perera, who retired after serving as Chairman for several years. Commenting on his lat

The company’s remarkable growth can be attributed to its proactive approach in developing customer focussedInsurance solutions during the socio-economic challenges over the past years, which has not only enhanced brand familiarity, but also promote

Commercial Bank of Ceylon has been ranked the Most Respected Bank in Sri Lanka and the fourth Most Respected corporate entity in the country overall in the 2023 ‘Most Respected Entities in Sri Lanka’ rankings published by the LMD magazine. The la

Singer Sri Lanka, the largest consumer durable retailer in Sri Lanka has announced the launch of its highly anticipated Singer Red ‘Hadawathe Thagi’ Exclusive Loyalty Raffle Draw. The raffle draw presents an incredible opportunity for customers t

In an effort to empower the education system and support the promising future of Sri Lanka’s children, the LOLC Group inaugurated ’Divi Saviya’ in February 2023. This ambitious initiative seeks to provide essential school supplies to the most d

Pristine Solutions, a leading provider of ERP services and expert services, proudly announces the launch of its new brand identity, including a refreshed logo and an invigorating slogan “Empowering you to do great things!” this strategic rebrandi

JFS Holdings Limited recently expanded its board with the addition of Nuwan Widyapathige, a business professional with over 18 years of diverse experience. The current board composition is with a majority of non-executive independent directors, amon

The Ceylon Chamber of Commerce recently hosted a networking event with a business delegation from the Federation of Jharkhand Chamber of Commerce and Industries (FJCCI), offering a platform for Sri Lankan businesses to showcase their companies and ex

ISSO restaurants, with four outlets established in Sri Lanka and three more in the pipeline for the year, goes international to the depths of the Southeast Asia region, signing with Luna Capital Partners Sdn Bhd, an investment fund based in Malaysia

AFP: China slipped into deflation for the first time in more than two years in July, official data showed yesterday, as slowing domestic spending weighs on the post-Covid economic recovery. The reading comes a day after news that the country suffered

President Ranil Wickremesinghe called on the World Trade Organisation (WTO) yesterday to consider the agreement of all its member nations when contemplating modifications to trade regulations. Noting that Sri Lanka, just as the other nations, is conc

REUTERS: India has allowed banks in 22 partner countries, including Russia and the United Kingdom, to open ‘vostro’ accounts in the country, the government told parliament on Tuesday, to help facilitate trade in rupees. Vostro accounts are accoun

John Keells Holdings PLC (JKH) yesterday announced the appointment of Suren Fernando to its director board as an Independent Non-Executive Director, with effect from August 9, 2023. Fernando is Group CEO of MAS Holdings (Pvt.) Ltd. Counting over 23 y

Nestlé Lanka PLC yesterday said it received the approval of the Securities and Exchange Commission (SEC) to delist its shares from the official list of the Colombo Stock Exchange. The SEC has approved an application dated July 10, 2023, to delist th

The much-awaited initial public offering (IPO) of the ordinary voting shares of Agarapatana Plantations Limited will open today, at 9:00 a.m. The issue is expected to see active interest from across a wide spectrum of local and global individual and

The Treasury bill yields across maturities fell at yesterday’s bill auction, recording a slide in the yields, amid the easing monetary conditions with the back-to-back policy rate cuts by the Central Bank since June. The Monetary Board yesterday sl

Continuing its efforts to enhance monetary policy accommodation, the Monetary Board of the Central bank yesterday announced plans to cut the banks’ mandatory reserve requirement by 200 basis points. The move, which came as a surprise, is estimated

(From L-R) Achala Ramanayeka, International Marketing Manager – Ceylon Agro Industries Ltd., Prima Group Sri Lanka, Donavan Ondaatje, Senior Business Manager - Ceylon Agro Industries Ltd., Prima Group Sri Lanka, Up-and coming young artist Ms. Ashan

Cabinet green-light has been granted to amend Employees’ Provident Fund (EPF) Act to ensure a minimum of 9 percent annual interest rate to members during the four-year period from 2023 to 2026 period following Domestic Debt Optimisation (DDO).