CMA and IFAC Presidents meet

CMA President Prof. Lakshman R. Watawala and Vice President Hennayake Bandara met with International Federation of Accountants (IFAC) President Jean Bouquot.

Classic Destinations wins Best Adventure Tourism Promoter Award

Classic Destinations has been awarded the prestigious title of Best Adventure Tourism Promoter at Sri Lanka Tourism Awards 2024.

UTE supplies Cat electric forklifts to ACE Distriparks

In a significant advancement for Sri Lanka’s logistics sector, UTE has supplied ACE Distriparks (Pvt.) Ltd with five state-of-the-art Cat electric forklifts,

CA SL’s public sector wing highlights key reforms in Procurement Guidelines 2024

The Association of Public Finance Accountants of Sri Lanka (APFASL), the public sector wing of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka),

Intrepid to host Global Summit 2025 in Sri Lanka

Intrepid Travel, the world’s largest adventure travel company, has chosen Colombo as the host city for its annual Global Summit 2025.

People’s Bank relocates Bihalpola Service Centre

People’s Bank Bihalpola Service Centre was ceremoniously opened at a new and enhanced location recently.

CDB Wings empowers women

CDB takes on the mantle of empowering women by launching the CDB Wings ecosystem, spurring them to be economically active and contribute to the larger platform of the nation’s economic development.

SDB bank-IRSD to uplift rural communities’ sustainable development

Marking a significant milestone in its journey towards fostering sustainable development, SDB bank has announced a strategic partnership with the Institute for Rural Sustainable Development (IRSD).

ComBank Digital offers 2 air tickets per month till April

The users of ComBank Digital, the most widely used digital banking channel in Sri Lanka, can now win air tickets to Thailand by transacting on the platform, under an exciting promotion that runs till April 2025.

MMBL-Money Transfer achieves record US $ 350.8mn in worker remittances in 2024

MMBL-Money Transfer was responsible for bringing in a record US $ 350.8 million in foreign exchange into Sri Lanka in 2024.

SL poised to lead corporate earnings growth among Asian frontier markets in 2025

Sri Lanka is poised to lead corporate earnings growth among the Asian frontier markets this year, as the country enters a positive economic cycle, also supporting the valuation rerating story, according to a top fund manager.

British High Commissioner welcomes appointment of new UK trade envoy for SL

Lord John Hannett of Everton OBE has been appointed as the new United Kingdom’s Trade Envoy for Sri Lanka.

SL under spotlight at Ferien Messe Wien 2025

Sri Lanka Tourism kick started its first travel fair for the year 2025, which was Ferien Messe Wien 2025, held from January 16 to 19, 2025, in Vienna, Austria.

Digital Mobility Solutions Lanka sees record 3Q profits on improved transaction volumes

Digital Mobility Solutions Lanka, which owns PickMe, has shown significant growth in revenue, operating profit and net profit in 3Q25. The increase in platform usage and transaction volumes are key drivers of this growth. Despite incurring IPO-related costs, the financial health and operational scalability of the company remain robust.

Good general demand at tea auction this week

The tea auction this week saw good general demand, with offerings totalling 6.4 MnKgs.

ASPI gains 7.4% during the month

The ASPI edged up as a result of price gains in counters such as Central Finance Company, The Colombo Fort Land & Building and Ambeon Holdings with the turnover crossing Rs. 5.1 Bn. Meanwhile, the S&P SL20 closed in red. High net worth and institutional investor participation was noted in John Keells Holdings, Access Engineering and Seylan Bank nonvoting. Mixed interest was observed in Access Engineering, Teejay Lanka and Browns Investments whils

Slight selling pressure leads yield curve to uptick

Market participants in the secondary market shifted to a selling stance, moving away from the buying interest seen the previous day, resulting in a slight uptick in the yield curve and moderate trading volumes. Investor focus remained on the maturities between 2028 and 2032. Specifically, 15.02.28, 15.03.28 and 15.10.28 bonds traded at rates of 10.10 percent, 10.15 percent and 10.35 percent, respectively.

Clouds by SOZO, Rukmini Tissanayagam Trust partner with HSBC Literary and Arts Festival

Clouds by SOZO, in collaboration with the Rukmini Tissanayagam Trust announced its partnership with the HSBC Ceylon Literary and Arts Festival. This partnership marks a shared vision to celebrate creativity, culture, and the literary arts, with Clouds by SOZO serving as the official beverage partner for the festival.

Desi Fest brings flavours of Kerala to Club Hotel Dolphin

Club Hotel Dolphin by Browns Hotels & Resorts hosted Desi Fest, a three-day celebration of Indian cuisine and culture from 17th to 19th January. The festival brought together both local and international guests, creating a true feast for the senses and offering an authentic taste of India right in the heart of Negombo.

WishQue crowned ‘Online Brand of the Year’ for third time

WishQue, one of Sri Lanka’s premier online gift and lifestyle platforms, announced its recognition as the ‘Online Brand of the Year’ at the SLIM Brand Excellence Awards 2024.

Emirates opens most expansive lounge at Suvarnabhumi Airport

Emirates is celebrating the opening of its new lounge at Bangkok’s Suvarnabhumi Airport, Satellite 1 Terminal (SAT-1). The newly relocated and refurbished lounge in the airport’s latest terminal sets a new standard for premium travel, offering Emirates customers an enhanced ground experience that matches the sophistication of their journey.

Safe Care Facilities Management shines at Entrepreneur Awards

Safe Care Facilities Management Pvt. Ltd. has been honoured with the Merit Award in the Service Sector (Hospitality/Tourism/Other Services) - Large Category at the Entrepreneur Awards - Western Province 2024.

DFCC Bank joins panel discussion for freelancers at Kelaniya University

DFCC bank was invited to join a panel discussion on “How to be a Successful Freelancer” hosted by the University of Kelaniya. The bank was invited to provide a financial management perspective to the participants and highlight its DFCC Freelancer proposition, the first financial services offering in Sri Lanka tailored for Freelancers.

Pan Asia Bank honours longstanding staff at special awards night

Pan Asia Bank celebrated the dedication and commitment of its longstanding employees at a special awards night organized by the Pan Asia Bank HR Department.

Business chambers call for urgent solutions to Colombo Port bottlenecks

Sri Lanka’s leading business chambers and trade associations have urged authorities to address congestion at Colombo port, warning that delays and rising costs are hurting exporters and the broader economy.

Tea exporters warn of cash crunch if SVAT is scrapped

Sri Lanka’s tea exporters have urged the government to reconsider its plan to abolish the Suspended VAT (SVAT) system from April 2025,

Government to set up stronger apex body for tourism

The government is planning to establish a new National Tourism Commission, which will have greater authority and oversight than the existing four tourism-related apex bodies, Deputy Minister of Tourism Ruwan Ranasinghe announced on Wednesday.

CB warns against linking economic strength to currency performance always

There is widespread misconception among the public that currency depreciation is often associated with poor economic performance although the data showed otherwise and thus it should be very careful in interpreting the currency movement and their impact on the economy, the Central Bank Governor, Dr. Nandalal Weerasinghe said.

ASPI edged down

The ASPI edged down as a result of price losses in counters such as Browns Investments, Royal Ceramics and Melstacorp with the turnover crossing Rs. 7.3 bn.

Post bond auction yields decline across the board

CBSL conducted the second bond auction for the month where the bond auction saw increased levels of demand and buying interest on 2029 and 2033 maturities which were fully subscribed as the CBSL raised a total of Rs. 40.0bn, yielding full acceptance across both maturities.