The tourist arrivals to the island nation crossed the 100,000 mark within the first 17 days of the month, the provisional data from the Sri Lanka Tourism Development Authority (SLTDA) showed.

Sri Lanka’s tea production for October 2024 fell to 21.15 million kilogrammes, down 8 percent, from 23.00 million kilogrammes recorded in the same month last year, the industry data showed yesterday.

People’s Bank yesterday saw Prof. P.N.D. Fernando officially taking over as Chairman of the entity, at a ceremony held at the entity’s head office, which was attended by the senior management.

The ASPI closed in green as a result of price gains in counters such as Commercial Bank, Hatton National Bank and Aitken Spence with the turnover crossing Rs. 5.5 Bn. Meanwhile, the S&P SL20 edged up.

The secondary market commenced the week with a noticeable shift, moving away from the subdued sentiment of the previous week as the secondary market experienced relatively high trading volumes amidst the increased market activity. As a result, the se

People’s Insurance PLC (PI) has emerged as a powerful player in Sri Lanka’s insurance landscape in 2024, showcasing outstanding growth and strategic progress.

Mercantile Investments marked a milestone in its expansion journey with the recent openings of two new branches in Vavuniya and Kekirawa, emphasizing the company’s commitment to enhancing financial accessibility across the region.

The Entrepreneurs’ Organization (EO) Sri Lanka ushered in a new chapter of leadership with the appointment of the 2024-2025 board.

The National Sales Awards (NSA) 2024 organised by the Sri Lanka Institute of Marketing (SLIM) has reached a record-breaking milestone in receiving the highest number of entries thus far.

Singapore-based private equity firm Plus94 has solidified its presence in Sri Lanka with the inauguration of a new office at Union Place, Colombo.

Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, has relaunched its flagship Swarna Shakthi loyalty programme, now the largest retailer reward initiative in the country.

The Government of Switzerland, through the Swiss Agency for Development and Cooperation (SDC), has successfully concluded the Safe Labour Migration Programme (SLMP) in Sri Lanka after 14 years of dedicated support.

On October 30th, 2024, MAS Active, in collaboration with the MAS Foundation for Change, reached a significant milestone in their ongoing environmental efforts with the installation of the 60th Ocean Strainer at the Urban Wetland Park in Nawala.

Sigiri.Ai founded by Lasitha Gunasinghe has introduced a groundbreaking development for Sri Lanka’s digital landscape: the first-ever Sinhala and native Tamil Large Language Models (LLMs).

The PIM Alumni Association (PIMA) concluded their Annual General Meeting on the 18th of September 2024 electing the President and the Executive Committee for the Year 2024/25.

Nawaloka College of Higher Studies (NCHS) celebrates its 10th anniversary as a leading higher education provider for Sri Lankan students to pursue world-class degrees.

MendisOne announced that Premium Trading and Logistics and Prudential Shipping once again emerged as standout winners at the National Logistics Awards 2024, securing three awards across key categories:

Sri Lanka officially kickstarted the Global Entrepreneurship Week (GEW) for 2024, yesterday under the theme ‘Entrepreneurship is for Everyone’ at a launch event held at the Ceylon Chamber of Commerce in Colombo.

Standard Chartered Global Research, the research arm of Standard Chartered views the National People’s Power (NPP) coalition’s sweeping victory in Sri Lanka’s parliamentary elections as a positive development, presenting a rare opportunity to u

While expressing cautious optimism, a top banker emphasised the delicate balancing challenge the new government faces on the fiscal front is managing the terms of its IMF programme to avert another debt crisis without imposing undue financial strain

Diversified conglomerate Aitken Spence PLC reported an EBITDA (excluding impacts from foreign currency exchange gains and losses) of Rs. 8.9 billion for the six months ending 30th September 2024, reflecting a growth of 10.4 percent.

The newly appointed Chairman of the Securities and Exchange Commission (SEC) of Sri Lanka, Senior Professor Hareendra Dissabandara stressed efforts would be made to strike a balance between market development and robust regulatory oversight, with the

Hatton National Bank PLC (HNB) reported lower profits for the September 2024 quarter despite receiving a massive lift from the sharply lower impairment provisions as the bank increasingly sees less risk in re-opening its lending taps as the rates eas

DFCC Bank PLC reported a Profit Before Tax (PBT) of Rs. 9,559 million and a Profit After Tax (PAT) of Rs. 6,013 million for the period ended 30 September 2024 compared with the previous period’s PBT of Rs. 8,305 million and a PAT of Rs. 5,498 milli

Sampath Bank PLC reported some robust financial performance in the three months through September 2024 as it was able to reverse the provisions made for possible loan defaults as it grew more confident about their borrower’s debt serviceability whi

A two-day High-Level Policy Forum on South Asia’s Agricultural Future: Scaling Up Climate-Smart Agriculture Practices for Sustainable Growth was held on November 14 and 15 in the Maldives, following the 2nd Project Steering Committee meeting on Nov

Sri Lanka Insurance Life has introduced its latest health insurance cover, ‘Sri Lanka Insurance Life Medi Champ’ in response to the growing financial challenges faced by individuals and families amidst rising healthcare costs.

The Ceylon Chamber of Commerce (CCC) congratulates the National People’s Power led by the President on securing an overwhelming mandate and majority in the Parliamentary election.

WindForce PLC has delivered exceptional results for the second quarter of the 2024/25 fiscal year, driven by a strategic focus on large-scale projects.

Nations Trust Bank PLC reported a strong performance for the nine months ending 30th September 2024, achieving a Profit After Tax (PAT) of Rs. 12 billion, up 29 percent YoY.