Market concludes week with selling interest

The secondary market yield curve concluded the week with activity visible on the short to mid tenures.

Omega Line celebrates 25 years of excellence

Omega Line Ltd, Sri Lanka’s largest exporter of clothing items to the European market, producing and exporting more than 90 million clothing items consisting of fashion garments such as bras, briefs and beachwear, recently celebrated 25 years of excellence in contributing to the growth of the Sri Lankan economy.

Nestlé introduces Blast to Maggi Papare range

Nestlé’s Maggi Papare brand has introduced a new variant to its hot and spicy range, Maggi Papare Blast.

Ceylan Worldwide, Colombo Hockey Association’s official clothing partner again

Ceylan Worldwide Ltd, a leading manufacturer specialising in promotional apparel and accessories, announced its continued commitment to supporting young athletes as the official clothing partner of the Colombo Hockey Association for the fourth consecutive year.

Samson Insurance Brokers appoints Nimal Balawardhane as Executive Director

Samson Insurance Brokers (SIB), a renowned leader in the general insurance sector, announced the appointment of Nimal Balawardhane as Executive Director of the company.

Maliban turns children’s art into history with SL’s first laser showcase

For its 70th anniversary, Maliban, in line with the vision of its founder, A.G. Hinni Appuhamy, to provide ‘the best things to children’, launched the first ‘Goodness - Delicious Paintings’ art competition last October, coinciding with the World Children’s Day. It culminated in the first laser-projected art exhibition in Sri Lanka.

Elpitiya Plantations clinches 4th consecutive victory at Inter Plantation Cricket Tournament

Elpitiya Plantations emerged victorious at the 22nd Inter Plantation Cricket Tournament, organised by the Dimbula Athletic and Cricket Club, held recently at the Radella Cricket Ground.

HNB supports SLIM Brand Week 2025

HNB PLC joined SLIM Brand Week 2025, the highly anticipated annual flagship event hosted by the Sri Lanka Institute of Marketing (SLIM), as the Platinum Sponsor, showcasing its unwavering commitment to empowering Sri Lanka’s marketing fraternity and fostering innovation.

Visa Infinite cardholders board Viceroy Train for unique experience

Visa, the global leader in digital payments, recently treated designated cardholders of Visa Infinite, its recently launched proposition for affluent consumers, to an exclusive, curated experience aboard the prestigious Viceroy Train.

Shangri-La Colombo unveils exquisite Ramadan celebrations

Shangri-La Colombo invites guests to celebrate Ramadan with an array of indulgent dining experiences and exclusive handcrafted treats.

Classic Car Rally participants take nostalgic pit stop at Heritance Tea Factory

As the much-anticipated 2025 Classic Car Rally made its way through Sri Lanka’s scenic highlands, the participants from across the globe found themselves in the heart of tea country at Heritance Tea Factory.

SLT-Mobitel unveils Fibre Speed-Based Unlimited Data packages

Aligned to the commitment to deliver unparalleled value, reliability and seamless connectivity to customers across the nation, SLT-Mobitel presents the latest update as novel Fibre Speed-Based Unlimited Data packages.

Hungry Islander opens Sri Lanka’s 1st culinary studio

Hungry Islander’s Studio, Sri Lanka’s first-ever culinary studio, opened its doors to experience existing and numerous team-building activities with a culinary twist for individuals of all ages, genders, from corporate events to parties.

English Tea Shop Organic opens BIA store

English Tea Shop Organic announced the opening of its exclusive duty-free store at Bandaranaike International Airport (BIA).

BOC Travels opens new relocated Kandy branch

BOC Travels (Pvt.) Ltd marked a new milestone with the grand opening of its relocated Kandy branch at No: 17, Temple Street, Kandy, offering a full range of travel services for all clients.

Gourmet Galle welcomes Tom Parker Bowles to Colombo and Galle

Gourmet Galle hosted Tom Parker Bowles, son of Queen Camilla, at 1864, Galle Face Hotel in Colombo for an unforgettable Royal Banquet.

Using ‘finance’ in business names without approval illegal: CBSL warns

The Central Bank of Sri Lanka (CBSL) yesterday cautioned the public in using the word ‘finance’ in a manner that violates the provisions of the Finance Business Act.

Nestlé Lanka inaugurates new Rs.1.1bn biomass boiler at Kurunegala factory

Continuing its journey of doing good for Sri Lanka, Nestlé Lanka invested in a biomass boiler project at its state-of-the-art factory in Kurunegala.

Sri Lanka must await B-minus credit upgrade to tap global markets

Sri Lanka must wait for a sovereign credit upgrade to B-minus level to access global financial markets, where the country could also start to experience significant foreign investment flows, a senior global banker said.

Colombo Land Valuation Indicator records 7.7% increase in 2H24

The Land Valuation Indicator (LVI) for Colombo District recorded 236.8 during the second half of 2024, with a year-on-year increase of 7.7 percent.

Sri Lanka Telecom back in the black with Rs.3.1bn profit for 2024

Sri Lanka Telecom (SLT) posted a profit of Rs.3.1 billion for 2024, marking a turnaround from a loss of Rs.3.9 billion in the previous year, driven by the improved operational performance and cost optimisation across its fixed and mobile segments.

Distilleries Company sales, profits up in December quarter

Distilleries Company of Sri Lanka PLC reports a strong financial performance for the three months ended in December 2024, its third fiscal quarter, on the back of higher sales and margins, which appear to have been possible from the easing in direct costs.

Indices bounce back

The ASPI closed in green as a result of price gains in counters such as Ceylinco Holdings, LOLC Holdings and Commercial Bank with the turnover crossing Rs. 1.6 Bn.

Overseas Realty records Rs.6.6bn profit before tax for 2024

Overseas Realty (Ceylon) PLC, recording a group revenue of Rs.2.52 billion in its fourth quarter (4Q24), a 23.7 percent year-on-year (YoY) increase and saw its earnings expand 62 percent YoY to Rs.1.83 billion.

Bond auction yields experience slight declines and full acceptance

Yesterday’s bond auction saw a slight decline in rates as the Central Bank raised Rs.27.5 billion, yielding full acceptance across both maturities offered.

SL strengthens protection for local products with GI Registry launch

The National Intellectual Property Office (NIPO), under the patronage of the Trade, Commerce, Food Security and Co-operative Development Ministry, officially opened the Local Geographical Indications (GI) Registry, a landmark initiative to safeguard Sri Lanka’s unique local products and enhance their global marketability.

CEPA strengthens leadership with 3 new key appointments

The Centre for Poverty Analysis (CEPA) announced the appointment of Dr. Indrajit Coomaraswamy alongside Dr. Herath Gunatilake and Dr. Ganeshan Wignaraja as Senior Advisors.

SLPBC hosts B2B meetings with Pakistan pharmaceutical delegation

The Sri Lanka-Pakistan Business Council (SLPBC) of the Ceylon Chamber of Commerce successfully hosted a B2B meeting with a pharmaceutical business delegation from Pakistan recently, at Hilton Colombo Residencies. The delegation comprised 16 leading pharmaceutical companies from Pakistan, along with key state sector institutions, including the Export Development Board, Board of Investment and High Commission of Pakistan in Sri Lanka. The event als

Hayleys Plantations Sets New Benchmark in Corporate Reporting Excellence

Earns Top Honors at Major Corporate, Financial & Sustainability Reporting Awards – TAGS, SAFA, ACCA, and CMA Hayleys Plantations continues to redefine corporate reporting excellence, securing a series of prestigious accolades that reinforce its industry leadership and unwavering commitment to transparency, accountability, governance, and sustainability. At the CA Sri Lanka TAGS Awards 2024, organised by the Institute of Chartered Accountants of S

Bank of Ceylon records Rs.106.9bn profit in 2024

Bank of Ceylon (BOC), being the No. 01 Bank in Sri Lanka and the country’s highest rated banking brand, achieved robust financial results in 2024, demonstrating both resilience and persistence.