Seylan Bank’s debenture issue 2024 closed after oversubscription on the opening day (July 10), raising Rs.10 billion. In a filing to the Colombo Stock Exchange (CSE), Seylan Bank shared that it received applications for over 100,000,000 debentures.

Sri Lanka should seek to further deepen its ties with China, given China’s consistent support in development and challenging times, according to Ambassador of the People’s Republic of China to Sri Lanka Qi Zhenhong. He expressed hope that Sri La

As Sri Lanka grapples with the ongoing global economic challenges, a senior economist asserted the urgent need for the island nation to integrate into the global value chain, so that it can achieve its ambitious growth plans.

The ASPI closed in green as a result of price gains in counters such as Melstacorp, Ceylinco Insurance and Sampath Bank with the turnover crossing Rs 801 Mn. A similar behaviour was witnessed in the S&P SL20. Crossings were witnessed in Agalawatte Pl

The secondary market exhibited selling interest during the morning hours as the investors geared up ahead of the Rs.138.0 billion T-bond auction slated for today. The selling activity was predominantly centred on the 15.09.29 maturity, which traded

Star Garments Group announced its plan to build a large-scale apparel export manufacturing factory in Togo to boost the West African country’s textile and apparel capabilities, through a financing package that includes a US$ 15 million loan by the

Ceylon Motor Traders Association (CMTA) recently held its 104th Annual General Meeting (AGM). The event was held under the auspices of Chief Guest Duminda Hulangamuwa, Chairman of the Ceylon Chamber of Commerce, and was attended by over 140 dignitari

MillenniumIT ESP announced a significant change in its leadership, ushering in a new and promising era for the company. This strategic shift is driven by a transition in Ambeon Group which further strengthens MillenniumIT ESP’s international growt

 Dialog Enterprise, the corporate ICT solutions arm of Dialog Axiata PLC., announced its timely commitment to fostering sustainability through the adoption of GreenTech solutions. Leveraging strategic partnerships with top-tier GreenTech solution pr

The Employers’ Federation of Ceylon (EFC) recently held its 95thAnnual General Meeting. The Board of Trustees and Council Members representing different Employer Groups were appointed for the financial year 2024/25. The outgoing Chairman, Krishan

Orient Finance PLC Group announced the appointment of Daniel Alphonsus as an Independent Non-Executive Director to the company’s Board of Directors, effective from 5th July 2024. Daniel spearheads Daraz’s payments, financial services, and digita

Worker remittances brought into Sri Lanka through the MMBL-Money Transfer network has witnessed a 44 percent growth to US$ 159. 3 million in the first half of 2024. MMBL-Money Transfer represented a 5 percent share of Sri Lanka’s total worker remit

Comfort meets sustainability in Business Class as SriLankan Airlines introduces new eco-friendly pillow covers and headrest covers made from recycled PET plastic (rPET). This progressive move underscores the airline’s commitment to reducing its car

Sri Lanka may soon carve out a niche in the export market for fish feed with the country’s pioneer ornamental fish exporter Lumbini Aquaria International (Pvt) Ltd. commencing manufacture of a series of uniquely Sri Lankan aqua nutrients. Aptly bra

Great Place to Work Sri Lanka hosted ‘Decoding the Future of Work in the Technology Industry,’ exploring trends and best practices in the technology sector. The event aimed to educate and engage professionals, providing a platform for sharing kn

SLT-Mobitel Enterprise hosted a SME Solution Partners’ Demo Day 2024 recently, designed to showcase the extensive range of business solutions available for enterprise customers across Sri Lanka. The event brought together registered solution partn

UBION, a Korean Edtech company along with Korea International Cooperation Agency (KOICA), have partnered with Sri Lanka’s Tertiary and Vocational Education Commission (TVEC) to advance the TVET Career Platform Project. The aim of this initiative is

In a significant move towards empowering SME exporters around the country, BOC has partnered with the Ceylon Chamber of Commerce (CCC) to conduct province-wise capacity building programmes for potential and existing export SME customers.   These ini

Mûve, a conveyancing firm in the UK property sector built on the foundation of talent in Sri Lanka, is stepping up its efforts to expand its team of legal professionals to cater to the growing demand in the GBP2.5 billion market. It was recently na

Sri Lanka welcomed over 43,000 international visitors in the first week of July, a significant pickup in the tourist inflow rate from last month.

Sri Lanka’s construction industry, crippled by poor policies and crisis events, is bouncing back with renewed vigor, industry leaders said, as they see a surge in interest surpassing even the boom times of economic growth.

The Sri Lanka Association of Software and Services Companies (SLASSCOM) has appointed Nishan Mendis as its new Chairman for the term 2024/2025.

Sri Lanka’s export community is calling for swift implementation of the National Single Window (NSW) to enhance operational efficiencies.

Indices closed in red as a result of price losses in counters such as Sampath Bank, Commercial Bank and John Keells Holdings with the turnover crossing Rs. 483 Mn.

The secondary market yield curve remained broadly unchanged yesterday, reflecting dull activity and thin trading volumes across the market. Market participants were on a wait and see approach ahead of the treasury bond auction scheduled to be held on

Official Olympic Podium kits designed by MAS unveiled for Paris Olympic Games 2024

Sri Lanka Insurance Life yet again outshines its own record to declare the largest life insurance bonus in the industry amounting to a staggering Rs.11.2 billion for the year 2023 to its policyholders.

The premier international textile sourcing platform in South Asia returns to Colombo for its 10th edition.

The ninth Construction Power and Energy Expo 2024, held from July 5 to 7, 2024, at the Bandaranaike Memorial International Conference Hall (BMICH) in Colombo, concluded on a high note with E. B. Creasy Solar as the Platinum Sponsor.