Ceylon Cold Stores reports solid December profits on rising consumer spend

Offering a glimpse into the Sri Lankan consumer behaviour in the final three months of last year, Ceylon Cold Stores PLC reported some solid top and bottom-line performance for the December quarter, reflecting strengthening consumer demand in the economy, although partly aided by the year-end seasonal pop. The John Keells Holdings group reported revenues of Rs. 39.52 billion for the October – December quarter, up 14.3 percent from the same period

ComBank launches Visa Signature Elite debit card

Elite customers of Commercial Bank of Ceylon are set to experience a new paradigm in service and convenience with the launch of a Visa Signature Elite debit card exclusively for them.

Hayleys Fentons wins BCCSA Construction Sector Award

Reaffirming its commitment to corporate sustainability, Hayleys Fentons Limited was honoured with the Sector Award for the Construction Sector at the prestigious Best Corporate Citizen Sustainability Awards (BCCSA) 2024. Hayleys Fentons was recognised for its strong commitment to renewable energy initiatives, social responsibility and governance excellence, establishing itself as a leader in corporate sustainability within Sri Lanka’s constructio

SLIM relaunches PGDip with CMI dual accreditation

The Sri Lanka Institute of Marketing (SLIM), the national body for marketing in Sri Lanka, announced the relaunch of its esteemed Postgraduate Diploma in Marketing Management (PGDip), now enhanced with a groundbreaking dual qualification in partnership with the Chartered Management Institute (CMI), UK.

HNB-Access Lifestyle expand customer experience through strategic alliance

Hatton National Bank (HNB) announced a strategic partnership with Access Lifestyle, a leading brand in home and lifestyle solutions.

Union Assurance hosts recognition programme for bancassurance MDRT qualifiers

Union Assurance, Sri Lanka’s premier life insurer, recently celebrated the outstanding achievements of its MDRT-qualified insurance relationship officers (IROs) at Waters Edge, Battaramulla.

Employers’ Federation of Ceylon’s Employers’ Symposium to deliberate on critical business needs of the hour

Employers’ Symposium 2025, organised by the Employers’ Federation of Ceylon (EFC), will take place on February 28, at Monarch Imperial.

People’s Bank celebrates Independence Day offering gifts to newborns

People’s Bank celebrated Sri Lanka’s 77th National Independence Day with a modest ceremony held at its Head Office under the patronage of People’s Bank Chairman, Prof. Narada Fernando, and Chief Executive Officer/General Manager, Clive Fonseka.

Tourist arrivals – How much is enough?

Sri Lanka has set ambitious targets for tourist arrivals over the years, often without a strong foundation of research or analysis. Many such goals appear to be based more on optimism than practical realities.

Hilton Colombo to host ‘Global Tech Meetup: Sri Lanka Edition’

‘Global Tech Meetup: Sri Lanka Edition’ will be hosted monthly at Hilton Colombo. The event will be jointly organised by Tech London Advocates (TLA) & Global Tech Advocates (GTA) – Sri Lanka Group and the Asian FinTech Academy (AFTA), in collaboration with the Sri Lanka Chapter of the Colorado, USA-based Global Academy of Finance and Management (GAFM). The Fintech Association of Sri Lanka (FASL) will be a supporting organisation.

Hayleys Fentons shines at CMA Excellence in Integrated Reporting Awards 2024

Hayleys Fentons Limited achieved a notable milestone by winning two accolades at the CMA Excellence in Integrated Reporting Awards 2024, held on 3rd December 2024 at the Taj Samudra in Colombo.

Luxyana Wellness wins Best Ayurveda Brand for Wellness & Healing

Luxyana Wellness by Sanjeewanie Ayurveda has been honoured with the Best Ayurveda Brand of the Year for Wellness & Healing at the People’s Pinnacle Sri Lanka Awards 2024.

Moderate volumes and limited activity persist ahead of auction

The secondary market yield curve experienced limited activity and below moderate trading volumes yesterday.

EDB, IFC and EU collaborate to launch SL Export Excellence Initiative 2025

The Sri Lanka Export Development Board (EDB), in collaboration with the International Finance Corporation (IFC) and the European Union (EU), has commenced the Sri Lanka Export Excellence Initiative (SLEEI) 2025.

Business tycoon Harry Jayawardena passes away at 82

Prominent business personality Harry Jayawardena passed away yesterday at the age of 82.

February begins in red

The ASPI closed in red as a result of price losses in counters such as Hatton National Bank, LOLC Holdings and Bukit Darah with the turnover crossing Rs. 3.0 bn.

Ken Balendra no more

Sri Lankan corporate leader and executive Deshamanya Kandiah Balendra (Ken) passed away at the age of 85 yesterday.

Superior quality feed boosts animal performance and bottom line

Sustainability, poultry modernization, feed costs optimisation and animal nutrition took center stage at the U.S. Soybean Export Council’s (USSEC) signature ‘Chickenomics’ event held in Kathmandu, Nepal.

Ceylon Tea Brokers announces two new appointments

Ceylon Brokers PLC announced the appointment of Waruna de Silva, who has been the Chief Executive Officer of the company since May 2017, as the Managing Director of the company, and Dinesh Fernando, who has been the Chief Operating Officer of the company since June 2019, as the new Chief Executive Officer, effective 31 January.

Construction sector continues expansion 

Construction sector continued to expand their activities through December 2024, extending their months-long expansion as reflected by the sector Purchasing Managers’ Index (PMI) for the month.

Government targets six key sectors to attract FDIs 

The government is focusing on six key sectors—hospitality, logistics, renewable energy, technology, agriculture, and apparel & textiles—to attract foreign direct investments (FDIs) by building a creative and conducive environment for investments,

Teejay Group 3Q profit up 234% to Rs. 1.9 bn

Teejay Group, Sri Lanka’s first multinational textile manufacturer, closed the third quarter of the financial year 2024/2025 with a year-to-date Profit after Tax of Rs. 1.9 billion,

SLFFA calls for urgent action as Colombo Port congestion worsens

The Sri Lanka Logistics & Freight Forwarders Association (SLFFA) has voiced concerns regarding the ongoing congestion at the Colombo Port,

Collaboration vital to lure anchor brands, new buyers to SL: JAAF Head

Industry collaboration is a crucial element in driving the future growth of Sri Lanka’s apparel sector, especially in attracting anchor brands and new buyers, according to Joint Apparel Association Forum (JAAF) re-elected Chairman Saifuddin Jafferjee.

SL must position itself as a global manufacturing hub for MNCs: Unilever SL Chief

One of Sri Lanka’s largest multinationals recently delivered a reality check to policymakers, emphasising that while the domestic market holds growth potential,

Alumex launches Capral aluminum range of products

Alumex PLC, Sri Lanka’s leading aluminum manufacturer, last week unveiled its latest state-of-the-art urban range of products under a partnership with Capral, Australia’s largest aluminum extruder.

Prime Group unveils C’est La Vie villa project

C’est La Vie – That’s Life – by Prime Group redefines aspirational living, transforming your dream lifestyle into reality with exceptional refinement and bespoke service.

Seylan Bank strengthens access to medical aid with 1990 Suwa Seriya

Seylan Bank recently facilitated the repair and refurbishment of an ambulance under the 1990 Suwa Seriya Foundation’s ‘Adopt an Ambulance’ initiative.

Union Bank launches National Entrepreneurship Development Programme

Union Bank announced a major milestone for the Union Bank School of Social Entrepreneurship with the launch of the National Entrepreneurship Development Programme (NEDP).

CRIB unveils nationwide financial awareness initiative

The Credit Information Bureau of Sri Lanka (CRIB), in its continued commitment to enhancing financial literacy and promoting credit inclusivity among Sri Lankans, has launched a series of nationwide awareness programmes.