The secondary market continued to experience selling pressure during the day, as the investors chose to book profits for the fourth consecutive session. Moreover, the market participants displayed moderate movement, as the market witnessed limited a

Seylan Bank PLC reported subdued financial performance in the final three months of last year, albeit seeing growth in its loans and fee incomes coming from cards and other lending activities, as the bank saw its margins narrowing amid a fast decline

As the Central Bank is stepping up its efforts to be more transparent, there is a possibility for the public to peruse the meeting minutes of the Monetary Board. Responding to a question posed by the media, a senior official of the monetary authority

DFCC Bank PLC reported improved performance in the three months ended in December 2023, as the bank saw the loans picking up, with the easing interest rates and the provisions were lower from a year ago. However, the higher costs and taxes hurt the p

Samsung Electronics has once again confirmed its dominance in the global TV market. Market research firm Omdia reported that Samsung has achieved a 30.1 percent share of the global TV market in 2023, reinforcing its status as the industry leader si

ITX360 has announced the attainment of ISO 9001:2015 and ISO 14001:2015 certifications, underscoring its commitment to quality management. ISO 9001:2015 certification is an internationally acclaimed standard for Quality Management Systems, empowerin

The Banks’ Chief Information Officers Forum (BCIOF) of Sri Lanka has teamed up to host the CIO Confluence for 2024. The Conference will be held on February 27 at Shangri-La Colombo and will bring together CIOs and both locally and internationally p

LinearSix marks its seventh anniversary as a leader in promoting financial inclusivity through innovative technology solutions. Since its inception in 2017, LinearSix has played a pivotal role in driving digital growth in Sri Lanka’s banking and f

The Deloitte Consulting leadership in South Asia convened in Sri Lanka recently with a view of shaping the future trajectory of the South Asian region’s business landscape. The meeting emphasised the importance of close collaboration with businesse

The Federation of Information Technology Industry Sri Lanka (FITIS) has expressed its strong support for LankaPay’s launch of the Unified Payments Interface (UPI) acceptance in the island, an initiative taken in partnership with the National Paymen

The secondary market witnessed a notable shift in sentiment, as the buying momentum observed during the past sessions continued to wane, with investors adopting a more cautious stance and opted to book profits throughout the day. Consequently, o

Sri Lanka is poised to witness a surge in tourism from India as plans unfold to boost maritime passenger transport between the two countries. The Cabinet of Ministers approved this week a proposal to reduce the deviation tax, aiming to enhance touri

The Cabinet of Ministers has approved a proposal put forward by the Minister of Power and Energy to bolster the presence of large-scale renewable energy projects in the nation. This decision paves the way for the gradual development of Sri Lanka’s

While some borrowers have criticised the loan recovery methods of financial entities, the Central Bank (CB) has stated that under the proposed detailed guidelines for the establishment of Business Revival Units, borrowers can negotiate with their ban

Sri Lanka’s tourism surge shows no sign of slowing down, with more than 138,000 international visitors exploring the island nation just in the first 18 days of February.

Sri Lanka’s North will witness a boost in connectivity, with efforts to upgrade Jaffna International Airport (JIA) kicking off. The Airport & Aviation Services on Monday called for Expressions of Interest....

The Port of Colombo experienced a significant surge in transshipment volumes, marking a record 25.5 percent Year-on-Year (YoY) increase to 562,527 TEUs in January. This growth....

NDB Bank yesterday said it is anticipated that macro-economic challenges may subside in the near term with all key indicators adjusting in to positive territories, and expressed confidence in recovery...

Aitken Spence Logistics unveiled its latest state-of-the-art Container Freight Station (CFS) to facilitate the growing requirements of the supply chain community in the region. This 100,000...

NDB Group, comprising NDB Bank as the parent and its subsidiary companies, posted a pre-tax profit of Rs.10.9 billion, whilst at bank level, the pre-tax profit was Rs.10.1 billion. Profitability ....

JAT Holdings PLC, Sri Lanka’s market leader in wood coatings and brushes and emerging regional paint manufacturer, marked a key milestone recently, with the official commencement of operations...

The Sri Lanka-Pakistan Business Council (SLPBC) of the Ceylon Chamber of Commerce, in collaboration with the Pakistan High Commission in Sri Lanka, led a 10-member business delegation....

A fundamental course on hand soldering and a practical workshop on electrostatic discharge (ESD) and electronic assembly recently benefited 60 participants from Sri Lankan electrical and electronic....

Ministry of Gems, a modern gemstone company based in Australia with roots in Sri Lanka, is making a significant impact in the Australian market with its portfolio of gemstones. Based...

Ministry of Gems founder Akila Guruge (MBA, BCom(ProfAccg)) is from Sri Lanka and is a prominent figure in the Sri Lankan gem industry with well-established, reliable and trustworthy connections...

The resistance to restructuring the state-owned enterprises is a common narrative but the Ceylon Electricity Board Engineers Union (CEBEU) has made it clear that it is not opposed to reforms.

The secondary market yield curve remained broadly unchanged, with limited activity observed. The robust buying sentiment seen during the previous sessions toned down during the day, as the investors took a cautious approach. As a result, mixed senti

The Colombo Stock Exchange (CSE) signed a Memorandum of Understanding (MoU) with the Sri Lanka Institute of Marketing (SLIM) recently to provide SLIM students with the enhanced access and preparation necessary to capitalise on financial sector opport