The secondary market witnessed buying sentiment throughout the day, largely centred on the shorter and belly end of the curve. Thus, trades were observed on the 2026 maturity, with 15.05.26, 01.06.26, 01.08.26 and 15.12.26 trading between 9.93 perce

Uber, the country’s most loved ride-hailing app, released the 2024 edition of its highly anticipated Lost and Found Index, shedding light on the most commonly forgotten items in Ubers across the island nation. From perfumes to a sarong, medicine to

Leading the charge in digitising Sri Lanka’s packaging industry, Modern Pack Lanka (Pvt.) Ltd achieved a milestone in its digital transformation with the implementation of the Infor Syteline ERP solution by Kingslake, Sri Lanka’s manufacturing so

Hatton National Bank PLC (HNB) celebrated a powerful milestone in its journey to the pinnacle of the Sri Lankan banking industry, after collecting the prized award for Best Retail Bank in Sri Lanka for the 14th year at Asian Banker Global Excellence

The National Sustainable Tourism Certification Scheme (NSTCS), a process that recognises and promotes destinations that are committed to environmental, social and economic sustainability in Sri Lanka, was awarded to over 100 small and medium enterpri

Pan Asia Banking Corporation PLC and the National Chamber of Commerce of Sri Lanka (NCCSL) announced a partnership aimed at fostering the growth and development of small and medium enterprises (SMEs) across the country. This collaboration emphasises

Allianz Lanka, one of Sri Lanka’s premier insurers and a member of the global Allianz SE Group, recently received a range of awards and accolades at Great Manager Awards 2023. In total, nine team members from Allianz Lanka received awards this year

Mastercard has partnered with LankaPay, Sri Lanka’s national payment network, to further strengthen the cybersecurity infrastructure of the country’s financial services sector via the Financial Sector Computer Security Incident Response Team (Fin

As widely expected, the Central Bank left its key policy rates unchanged at the policy meeting held this week.

As a part of the government’s policy decision to regularising Sri Lanka’s Samurdhi banking system, the government has decided to entrust the auditing of the Samurdhi Community Based Banks and Samurdhi Community Based Banking Societies to the Nati

The Sri Lanka Export Development Board (EDB), in collaboration with the Institute for Future Creations (TIFC) and other relevant stakeholders, including the London College of Fashion (UAL) and Chamber of Ethical Lifestyle Enterprises (CELE)

WIS Director Suneth Silva has been recognised as one of the winners in 45 Under 45 Leadership Excellence and Emerging Leaders Awards 2024, organised by the Global CEO Forum in Sri Lanka. Silva’s award undersco

The Colombo Tea Traders Association (CTTA) this week urged the government to work on a sustainable wage model for the plantation sector through consultation, compromise and arrive at a consensus with the entire value chain.

Colombo Stock Exchange (CSE) Commercial Division Senior Vice President Punyamali Saparamadu provided a detailed overview on the strategies adopted by the CSE to stimulate growth and broaden its revenue sources. Her insights also highlight the new pro

Ambeon Holdings PLC, a diversified conglomerate reputed for its market dominance in the areas of financial services, real estate, technology and strategic investments, recorded a stellar performance for the financial year (FY) 2023/2024 a

To strengthen cooperation in trade and investment, a delegation from the China Council for the Promotion of International Trade (CCPIT) from Fujian Province met with Board of Investment (BOI) Chairman Dinesh Weerakkody and the officials of

At the recently concluded Annual General Meeting of ACCA Sri Lanka, Chaaminda Kumarasiri was appointed as Chairman of the Member Network Panel for the term 2024/2026. In his new role as Chairman of the Member Network Panel of ACCA Sri Lanka, Kumaras

Seylan Bank announced the accreditation of nine Lean Six Sigma Yellow Belts and seven Lean Six Sigma Green Belts, marking a significant milestone in its commitment to operational excellence and continuous improvement. The certification ceremony, held

Indices closed in red as a result of price losses in counters such as Hatton National Bank, John Keells Holdings and Commerci

The CBSL maintained its monetary policy stance at the 3rd meeting for the year, maintaining the Standing Deposit Facility Rate (SDFR) a

Aitken Spence PLC has achieved robust fourth-quarter results, significantly contributing to an improved financial performance for the 2023/2024 fiscal year. The Group reported a strong PBT of Rs. 4.8 billion with a growth of 412 percent. During 4Q,

Citizens Development Business Finance PLC (CDB), the fourth largest non-bank financial institution in Sri Lanka, rebounded in th

The Monetary Policy Board of the Central Bank of Sri Lanka has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) at their current levels of 8.50 percent and 9.50 percent, respectively.

LankaGPT Technologies is gearing up to launch Sri Lanka’s first-ever Sinhala and Tamil AI Generative Pre-trained Transformer (GPT) by July 2024.

The tea industry veterans warned that the Ceylon Tea brand would face irreparable damage in international markets, leading to both decline in auction prices and global market share, if the government forced the plantation companies, including the sma

The Planters Association of Ceylon (PA) claimed that the government’s current approach in attempting to coercively....

The consumer was seen loosening his purse strings as of late, as the consumer-related companies reported stronger....

The Ceylon Electricity Board (CEB) has partly settled the dues for energy purchases from West Coast Power (Pvt.) Ltd by divesting a 28 percent stake of its shares in LTL Holdings (Pvt.) Ltd to the company.

The board of directors of Cargills Bank PLC yesterday approved the appointment of Asoka Pieris as Chairman, with effect ....

Indices closed in red as a result of price losses in counters such as LOLC Holdings, Commercial Bank and Hatton National Bank.....