The Initial Public Offering (IPO) of the green bonds by DFCC Bank was oversubscribed on the opening day (12). In a filing to the Colombo Stock Exchange (CSE), the bank shared that it received applications for over 25,000,000 bonds (Rs.2,500,000,000)

Expolanka Holdings PLC’s ordinary voting shares were delisted from the official list of the Colombo Stock Exchange (CSE) effective September 12, 2024.

People’s Bank yesterday denied allegations of improper conduct related to its IT system upgrade. “These allegations are completely unfounded, and the bank categorically denies any involvement in improper activity,” the statement said.

Commercial Bank of Ceylon PLC has become the first Sri Lankan bank to receive license from the Securities and Exchange Commission of Sri Lanka (SEC) to operate as a Corporate Finance Advisor (CFA).

Port City Colombo announced this week that the parliament passed two key regulations on offshore banking on September 4, 2024, marking a major step in the city’s bid to become a regional financial hub.

The ASPI edged down as a result of price losses in counters such as Ceylinco Insurance, Hatton National Bank and John Keells Holdings with the turnover crossing Rs. 1.1 bn.

CBSL held its Rs. 290.0bn T-Bond auction yesterday where weighted average yield rates were accepted below the 14.0% mark.

The Pathfinder Foundation (PF), an independent research and advocacy organisation, has published two significant policy documents and they were presented to the presidential candidates, including President Ranil Wickremesinghe, SJB Leader Sajith Prem

Cargills Bank announced the relocation of its Kaduruwela branch to a new, more accessible location at 13/2, Hospital Junction, Polonnaruwa, effective from July 29, 2024.

The highly anticipated grand finale of the 2024 edition of the SPARK Skilled Youth Entrepreneurship Competition was celebrated on September 5. This national platform for Sri Lanka’s next generation of entrepreneurs empowered five finalists from bot

Pan Asia Bank has signed a memorandum of understanding (MoU) with Odiliya, a prominent name in real estate and property development.

Sri Lanka’s leading tyre manufacturer CEAT Kelani Holdings (CKH) has been assigned a National Long-Term rating of ‘AA+(lka)/Outlook Stable’ by Fitch Ratings for a fourth consecutive year, a rating Fitch said is supported by CEAT’s sustained l

At a grand ceremony on September 6, 2024, held at Shangri-La Colombo, veteran business leader Murali Prakash was officially appointed as Chairman of the Federation of Asia Pacific Retailers Associations (FAPRA).

Brandix rounded out its commitment for the Guiding Leadership and Outreach (GLO) programme this year, empowering up to 50 individuals across its value chain.

As part of its sustainability strategy, Star Garments Group (Star) has stepped up to restore the biodiversity around its factory operations and offices, by committing to restore half of its physical footprint.

The Nippon Paint Lanka Painter’s Academy completed its six-month-long, eighth professional training programme successfully.

Reaffirming its commitment to embracing greener business practices, SLT-Mobitel has successfully implemented a 100 percent renewable connectivity at the Kumana National Park, a renowned tourist destination known for its natural beauty.

The Skills for Sustainable Growth (SSG) project has reached another significant milestone, opening six new learning centres in July and August.

Vision Care Academy, the educational institute of Sri Lanka’s largest vision, eyewear and hearing solutions provider, Vision Care, recently marked a historic occasion with its inaugural graduation ceremony.

Litro Gas Lanka Ltd recently showcased its pivotal role in powering the country’s ceramics and glass industries during a technical session at the 18th Annual General Meeting (AGM) of the Sri Lanka Ceramics and Glass Council (SLCGC), held recently a

Sony successfully concluded its first-ever Kando Trip Southeast Asia, a landmark event held recently, in the stunning backdrop of Bali, Indonesia.

Global authority on workplace culture, Great Place To Work, recently announced its Best Workplaces in Asia for 2024.

The Water Supply and Estate Infrastructure Development Ministry welcomed the approval of a USD 100 million policy-based loan from the Asian Development Bank (ADB) to support transformative reforms in Sri Lanka’s water supply and sanitation sector.

The People’s Bank issued a statement to address and clarify a recent allegation insinuating that an improper transaction is taking place pertaining to an IT system upgrade at People’s Bank.

Sri Lanka’s solar PV sector, driven by the rooftop solar sector, is on the path to meet the 2030 climate commitments, where the country aims to meet 75 percent of the energy requirement from the renewable energy sector, according to an expert.

Sri Lanka’s tour operators are witnessing a spike in cancellations, as the ongoing visa delays frustrate tourists and this is threatening the country’s tourism recovery.

The Sri Lanka Tourism Promotion Bureau (SLTPB) has launched a bidding process to select a destination management company (DMC) for 2024/2025, to oversee familiarisation tours aimed at promoting Sri Lanka as a leading tourist destination.

As solar PV consumers have become prosumers, Prof. Asanka S. Rodrigo, the Sri Lanka Sustainable Energy Authority’s former Director General and Professor of the Electrical Engineering Department of the University of Moratuwa, stressed that the solut

The Inland Revenue Department (IRD) is gearing up for a major digital transformation, following the approval of its Information Technology (IT) Strategic Plan for the period 2025-2027, which was a key structural measure under the International Moneta