The total offerings were barely maintained and totalled 5.0 million kilogrammes at the Colombo Tea Auction this week. Notwithstanding the price fluctuations, based on the qualitative factors and availability, the Large Leaf/Low Growns met with fair d

At the end of the week, the secondary market yield curve remained broadly stable while the market activities were at a complete standstill. The investor sentiment paused momentarily after the substantial buying momentum witnessed in previous session

The ASPI closed in green as a result of price gains in counters such as C T Holdings, Citizens Development Business Finance and Royal Ceramics with the turnover crossing Rs. 472 Mn. Meanwhile, the S&P SL20 edged up. High net worth and institutional i

Lanka IOC achieved a significant milestone in the petroleum fuel retail marketing in Sri Lanka, by launching country’s first premium-grade 100 Octane Petrol ‘XP100’ in Colombo. With this launch, Sri Lanka becomes the 8th country in the world w

Abans recently recognized the extraordinary bravery of Charithma Jinendri, a student from the Arts section at Padukka Piyarathana Vidyalaya, for her heroic act during the recent floods caused by the overflowing of the Wak Oya. Jinendri had displayed

The LOLC Divi Saviya humanitarian effort has reached a significant landmark by supporting 3,500 schools, surpassing 35 percent of the total number of schools in the island. Launched in February 2023, this initiative has steadily and consistently rea

Union Bank Poson Bathi Gee Saraniya was held recently at the bank’s head office in the presence of

CDB presented three Smart Computer Labs to schools in the Eastern Province recently. These were Mihindupura Vidyalaya in Trincomalee, Rethithenna Iqrah Vidyalaya in Batticoloa and Veppayadi Kalaimagal Vidyalayam in Ampara. These three labs now move t

DFCC Aloka, the women-centric banking proposition from DFCC Bank, recently held a special event to show appreciation for women police officers. The event, held at the Child and Women Bureau at Kandy Police Headquarters, recognised the role of female

Ten policyholders of Ceylinco Life and their family members spent four days in Malaysia recently, bringing the curtain down on the 17th edition of the life insurance leader’s ‘Family Savari’ programme. The itinerary of the group included a visi

People’s Bank organized a series of meritorious deeds in Anuradhapura to mark Poson Poya. As a part of this programme, for the 41st time in its history, People’s Bank offered alms (Heel Daana) to over 30,000 devotees who observed Sil at the sacr

In celebration of World Environment Day, Bank of Ceylon partnered with the Department of Wildlife Conservation and the Divisional Secretariat Colombo to launch a significant environmental initiative. The event featured an awareness programme focusing

Sri Lanka’s private sector delivered a scathing critique yesterday, slamming authorities for their sluggish response in shielding industries from disruptions caused by key institutions such as Sri Lanka Customs.

Sri Lanka is experiencing a steady increase in international visitors, but the industry authority emphasises the need for urgent action to protect the country’s biodiversity and environment.

Exporters yesterday confirmed that they have not received any solid information regarding a proper refund system as the withdrawal of Simplified Value Added Tax (SVAT) is set to take effect on 1 April 2025.

The Initial Public Offering (IPO) of Maharaja Foods Limited, a manufacturer, exporter, and distributor of authentic Sri Lankan foods and other groceries, was oversubscribed on the official opening day yesterday, leading to its closure.

Sri Lanka has the necessary regulatory framework for green finance instruments since October 2023, but new issues are yet to be seen in the local capital market, Security and Exchange Commission (SEC) said.

Harsha Basnayake, an expert in deals, capital advisory, and transactions in Asia, will join the EY Global Executive Board as Global Managing Partner – Business Administration & Risk – the first from the Asia-Pacific Region and a first for a Sri L

Indices closed in red as a result of price losses in counters such as LOLC Holdings, Melstacorp and Sampath Bank with the turnover crossing Rs. 1.9 bn.

The secondary market pivoted from its selling sentiment displayed during the previous sessions, and witnessed a considerable amount of bids recorded during the day as Sri Lanka reached a provisional deal on USD 12.5bn worth of ISBs’ with the respec

SLASSCOM and IIT Madras Pravartak have inked a landmark memorandum of understanding (MoU) aimed at enhancing collaboration and fostering innovation in Sri Lanka’s start-up ecosystem.

AIA Insurance shone at the recently held 4A’s Advertising with remarkable five awards recognising the company’s creative and engaging campaigns.

Sri Lanka’s market leader in wood coatings, brushes and rollers, JAT Holdings PLC, has launched Harris International Painter Training Programme 2024, under its long-standing JAT Pintharoo Abhiman CSR initiative. The objective of this programme is

Energynet (Pvt.) Limited, a subsidiary of Hayleys Fentons and Riello Power Solutions (Italy), two well-known UPS giants locally and globally, successfully hosted The Uninterrupted Power and Efficiency Summit 2024.

CICRA Campus launches four new programmes under its newly established Business Faculty: Bachelor of Accounting (Hons), Bachelor of Education (Early Childhood) Hons, Bachelor of Business Administration and International Foundation Programme in partner

Brazil has become the latest export market for CEAT tyres manufactured in Sri Lanka.

Aiming to advance gender inclusivity and promote women’s economic empowerment, the Ceylon Chamber of Commerce in collaboration with MDF Training & Consultancy successfully concluded a training of trainers programme designed to enhance the capabilit

The International Monetary Fund (IMF) Executive Board recently concluded the 2024 Article IV Consultation with Sri Lanka and completed the second review under the Extended Fund Facility (EFF) programme. Under Article IV of its Articles of Agreement,

Great Place To Work has introduced the Four Equities framework to guide and support organisations in fostering diversity, equity, inclusion and belonging (DEIB).

The Sri Lankan team from the Moratuwa University has made history by securing the second prize in the Practice Competition – Cloud Track 1, at the Huawei ICT Competition 2023–2024 Global Finals.