Embracing digital platforms in shipping, logistics industry is a competitive tool for trade

In the year 2022, the International Maritime Organisation (IMO) requested the mandatory implementation of the ‘Maritime Single Window’....

Boeing: Aviation giant displays crisis management at Asia’s top airshow

As the aviation industry gathers this week for the Singapore Airshow there is no shortage of military hardware made by US...

Emirates Flight Catering acquires indoor vertical farm

Emirates Flight Catering, one of the world’s largest catering operations, has fully acquired Emirates Bustanica, formerly called ....

SriLankan Airlines clarifies delays at BIA

SriLankan Airlines clarified that the delays experienced by its passengers at the check-in counters at Bandaranaike International Airport ....

LankaPay launches JustPay Web and PayMe solutions

LankaPay, Sri Lanka’s national payment network, adding two new vibrant solutions to its portfolio, launched ‘JustPay Web’ and....

ComBank debit cards offer Rs.6mn in prizes

Commercial Bank of Ceylon is giving its debit cards extra appeal this festive season, with a gift bonanza worth Rs.6 million....

HNB Assurance surpasses 20% growth mark again

HNB Assurance Group recorded yet another year of exceptional performance, marking the third consecutive year of achieving....

SEC-CSE host Investor Forum in Vavuniya

The Securities and Exchange Commission of Sri Lanka (SEC) in collaboration with the Colombo Stock Exchange (CSE) conducted ...

First Capital Holdings records Rs.9.4bn PAT

First Capital Holdings PLC (the group) reported a profit after tax (PAT) of Rs.9.4 billion, marking a significant increase compared....

Fitch assigns MBSL first-time National Long-Term Rating of ‘BBB+(lka)

Fitch Ratings last week announced it assigned Merchant Bank of Sri Lanka & Finance PLC (MBSL) a first-time National Long....

Sri Lanka Insurance Corporation General introduces recognition scheme

In a groundbreaking move, Sri Lanka Insurance Corporation General Ltd (SLICGL) has set a new global precedent by launching....

Union Assurance delivers 13.5% dividend rate

Union Assurance, Sri Lanka’s premier life insurer known for its commitment to excellence and customer-centric approach, announced....

Central Bank asked to provide report within one week

Amidst criticism over the exorbitant salary hike of the Central Bank employees, a top parliamentary committee has called for a report from the Central Bank on the legal provisions for such a salary increment without parliamentary approval.

Sri Lanka's debt woes deepen as it joins IMF surcharge list

Sri Lanka has been added to the list of 22 heavily indebted countries facing controversial surcharges imposed by the International Monetary Fund (IMF) from recently.

Banks alarmed over parate execution suspension move

Sri Lanka’s banking sector is on the edge of following the government’s decision to suspend parate execution rights.

ComBank stays on growth trajectory in 2023 with notable 4Q performance

In a statement highlighting its performance, Commercial Bank of Ceylon Group Chairman Prof. Ananda Jayawardane emphasised the institution’s commitment to maintaining balance sheet strength and its position as a key pla

Sri Lanka speeds up towards E-mobility

Sri Lanka is gearing up to embark on a transformative journey towards e-mobility, with the Transport Ministry announcing it is activ

NDB Bank renews alliance with AICPA & CIMA

NDB Bank extended its impactful partnership with the Association of International Certified Professional Accountants (AICPA & CIMA) through the AICPA& CIMA Corporate Partner Programme for the year 2024. This continued collaboration underscores NDB’s ongoing commitment to empowerment, innovation and the cultivation

Chemistry Institute Open Day on February 24

The Institute of Chemistry Ceylon (IChemC), a professional body for the general advancement and practice of chemistry in Sri Lanka and a government-approved degree awarding institute, will hold its Open Day on Saturday, February 24, at

Overseas Realty appoints Shamil Mendis as Independent Director

Overseas Realty Ceylon PLC announced the appointment of Shamil Mendis as an Independent Director to its board of directors. In complianc

IIHS-Coventry University offer master’s in healthcare

The International Institute of Health Sciences (IIHS), a pioneer in the healthcare industry for more than 22 years, has launched South Asia’s first MSc Nursing, MSc Digital Health and MBA in Healthcare Administration programmes in coll

CIPM and KDU enter into MoU

CIPM Sri Lanka, the nation’s leader in human resource management, recently entered into a memorandum of understanding (MoU) with the General Sir John Kotelawala Defence University (KDU), to expand educational opportunities and exp

Allianz gets new CEO and Country Manager

Allianz Insurance Lanka Ltd has appointed Prashant Grover as Chief Executive Officer, effective February 1, 2024. He will al

Notice

There is no Mirror Business tomorrow (Saturday) in view of today’s Poya Holiday. The next edition will be on Monday.

Japan’s main stock index closes above 1989 record high

BBC: Japan’s main stock index has hit an all-time closing high, surpassing the previous record set 34 years ago.

Finance Ministry, Central Bank at odds over parate execution

The government and the financial sector regulator, the Central Bank, appear to be at odds over parate execution.

ComBank accelerated lending sees loan book grow by Rs. 56.8 bn

The Commercial Bank of Ceylon Group continued its strong lending growth, extending loans amounting to Rs 56.816 billion at a monthly average of Rs 18.939 billion. This performance co

Central Bank shifts focus to medium-term inflation strategy

The Central Bank announced yesterday its intention to shift focus on inflation from the near term to medium term, citing the latter’s greater relevance for the decision-making processes.

Tax and supply chain woes propel inflation to 6.5%

Sri Lanka’s inflation expanded by 6.5 percent year-on-year in January, as the prices rose across almost all categories from the one-off impact from the higher Value Added Tax and supply chain disruptions caused by the weather-related conditions.

Selling pressure continues amidst moderate movement

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 activity. Furthermore, representing the short end of the curve, 2026 tenures traded at 11.10 percent, 2027 tenures traded at 12.15 percent whilst, the mid-end maturities, 2028 traded at 12.40 percent