Hatton National Bank (HNB) has received approval from its Board of Directors to kick off discussions in acquiring the Bangladesh operations of Al -Falah.

National Savings Bank has already surpassed the previous year’s profit after Tax (PAT) by the second quarter of this year. The bank registered a PBT of Rs. 15.0 billion for the six months period of year 2024 whereas the PAT for the year 2023 was Rs

East West Properties PLC, whose majority shareholder is Nahil Wijesuriya, announced this week that it will not go ahead with its plans to de-list from the official list of the Colombo Stock Exchange (CSE).

The ASPI closed in red as a result of price losses in counters such as Melstacorp, John Keells Holdings and Central Finance Company with the turnover crossing Rs. 513 mn.

The secondary market experienced a quiet day yesterday with limited trading activity, as market participants positioned themselves ahead of the Rs. 100.0bn T-Bill auction scheduled for today.

Digital banking has just become financially rewarding, with Commercial Bank of Ceylon launching a groundbreaking industry-first initiative to award reward points for transactions on ComBank Digital.

United Petroleum’s top executives, including Co- Founder Avi Silver, Group CFO Nigel Simonsz, Group Procurement Head Brett Crawford and United Petroleum Lanka Director/CEO Prabath Samarasinghe on Monday met with President Ranil Wickremesinghe.

The Free Trade Zone Manufacturers Association (FTZMA) together with its member company Amsafe Bridport announced the collaboration with MAS Foundation for Change.

Sri Lanka’s leading integrated financial services provider HNB Finance PLC recently announced three new Gold Loan Units at its Galgamuwa, Kekirawa and Mahiyanganaya branches.

National Development Bank PLC (NDB) recently conducted its Investor and Analyst Earnings Call on August 20, 2024, following the release of its financial results for the first half of the financial year ended June 30, 2024. Led by NDB Director/Chief E

ALFT Packaging, as a dynamic presence in the flexible packaging industry, has been honoured with a Special Award as Distinguished Business Partnership in the Packaging Category by Nestlé Lanka.

OCTAVE, the data and advanced analytics centre of excellence of the John Keells group, formalised its strategic partnership with the Statistics Department within the Science Faculty of the University of Colombo, with the signing of the memorandum of

RBS Cement Panels, a pioneering innovation by Rhino Roofing Products Limited, has been distinguished with the esteemed Gold award at CIOB Green Awards 2024.

Sri Lanka Association of Software and Services Companies (SLASSCOM) recently celebrated the launch of ‘SheExports’ initiated by the SLASSCOM Women Technopreneurs Forum in collaboration with the Sri Lanka Export Development Board (EDB).

The board of AIA Group Limited announced the group’s financial results for the six months ended June 30, 2024. Growth rates are shown on a constant exchange rate basis:

Union Assurance, Sri Lanka’s leading life insurer, has partnered with the Sri Lanka Institute of Marketing (SLIM) to offer exclusive career development programmes for its top advisers.

Sophos, a global leader of innovative security solutions for defeating cyberattacks, released a new dark web report, ‘Turning the Screws: The Pressure Tactics of Ransomware Gangs’, which details how cybercriminals are weaponising stolen data to i

Suren Cooke Agencies (Pvt.) Ltd, a leading pest management company in Sri Lanka, has achieved an outstanding milestone by winning two prestigious awards at FAOPMA Conference 2024, held in Mumbai, India.

CFA Society Sri Lanka (CFASSL), in collaboration with the Financial Management Department at the Management Studies and Commerce Faculty, University of Jaffna, announced the Undergraduate Research Symposium (URS) 2024.

Sri Lanka’s apparel sector performance expanded in the month of July from the corresponding period of the previous year, indicating an improvement in the order books.

The United Kingdom (UK) has overtaken Russia as the second largest source market for the first time this year, in cumulative tourist arrivals as of August 22, recording 125,103 arrivals.

Australia’s United Petroleum, the latest entry into Sri Lanka’s retail fuel market, targets to supply the Sri Lankan market with 350-400 million litres.

Amãna Bank has bagged the Best Islamic Bank in South Asia 2024 title at Brands Review Magazine Awards 2024, affirming the bank’s leadership status amongst the regional peer banks while also demonstrating its success story of promoting non-interest

The ride-hailing app Uber has been hit with a 290 million euros (£246 million; US $ 324 million) fine for transferring the personal data of European drivers to US servers in violation of the EU rules, the Dutch data protection regulator said yesterd

Indices closed in red as a result of price losses in counters such as Hatton National Bank, Commercial Bank and LOLC Holdings with the turnover crossing Rs 554 Mn. High net worth and institutional investor participation was noted in Hayleys and Melst

The secondary market displayed a mixed sentiment during the day amidst ultra-thin volumes and limited activity as investors yearned for further clarity on the market direction.

The University of Hong Kong The Kerry Holdings Professor in Law Professor Douglas Arner, UBS Group (UK) Managing Director Suren Siva, IBM Global Research Lead (formerly) Nicholas Drury were recently appointed as senior advisors to the Fintech Associa

Delta Spike was awarded the CyberSecurity Outreach Provider of the Year for its impactful contributions to CyberSecurity Malaysia’s (CSM) advancements in modern hyper-automated security operation use cases.

Unilever Sri Lanka emerged as the unbeaten champions of the Mercantile G Division Cricket Tournament, defeating Amazon Trading – English Tea Shop in anentertaining match played on 3rd August at the MCA Grounds.

The Ceylinco Cancer Centre has acquired a state-of-the-art, AI-supported, CT Simulator from Siemens Healthcare GmbH of Germany, significantly enhancing the accuracy of the radiation therapy it offers, as well as the comfort of patients.