Indices continue to close in green

The ASPI closed in green as a result of price gains in counters such as Browns Investments, Richard Pieris & Company and Hatton National Bank with the turnover crossing Rs. 6.3 bn.

Mixed trading activity ahead of 1st Monetary Policy Decision of the year

The secondary market yield curve experienced mixed traded activity and moderate trading volumes ahead of the 1st Monetary Policy Decision of the year.

Cabinet approval granted to sign MoU with Italy to boost bilateral ties

Cabinet approval has been granted to sign a Memorandum of Understanding between Sri Lanka and Italy on the establishment of a political consultancy mechanism, Cabinet Spokesman Nalinda Jayatissa said yesterday. The Minister said the MoU was signed between the Ministry of Foreign Affairs, Foreign Employments and Tourism of Sri Lanka and the Ministry of Foreign Affairs and International Corporation of the Republic of Italy.

British Travel Awards recognises Halo Holidays as Best Travel Company for SEA

Halo Holidays has been honoured with the Gold Award by the British Travel Awards (BTA 2024) as the Best Travel Company for Southeast Asia.

Damro Group unveils AI Zone in partnership with Samsung

In a revolutionary move to enhance the technological landscape of Sri Lanka, Damro has proudly unveiled its first ever AI-powered smart zone in partnership with Samsung.

Fitch upgrades Seylan Bank’s National Rating to ‘A+(lka)’

Seylan Bank PLC’s National Long-Term Rating has been upgraded by two notches to ‘A+(lka)’ from ‘A-(lka)’, with a Stable outlook by Fitch Ratings recently.

Senfin Asset Management renews partnership with CFA Society Sri Lanka

Senfin Asset Management has recently renewed its partnership with CFA Society Sri Lanka as a Silver Partner for the fourth consecutive year.

LOLC Technologies joins hands with Microsoft to enhance core-banking with Azure

LOLC Technologies Limited has entered into a collaborative agreement with Microsoft to integrate Azure cloud services into “FusionX”, its core banking platform designed to meet evolving customer needs. This move aims to upscale their operational architecture, enablingLOLC Technologies to harness the power of data and AI to expedite growth and success.

Prime Residencies unveils ‘J’Adore Negombo’ luxury beachfront serviced apartments

Prime Residencies PLC has announced the launch of J’Adore Negombo located on Hotel Road, presenting a new chapter for premium beachfront serviced apartments,which is set to redefine luxury living along Sri Lanka’s golden coast. Hotel Road, Negombo is known for its unique blend of charm and convenience, making it a popular destination for both tourists and locals.

SLT-Mobitel trials 5G-Advanced for first time in Sri Lanka

Reiterating its technological leadership in mobile technology, SLT-Mobitel trialed 5G-Advanced (5G-A) for the first time in Sri Lanka, marking a historic moment by showcasing the next generation technology in Sri Lanka. The demonstration held on January 12, 2025, showcased SLT-Mobitel ‘s leadership in telecom innovation, successfully conducting Sri Lanka’s first 5G-A trial and achieving blazing speeds of over 5 Gbps.The milestone trial, held at

PMF Finance bolsters financial stability with Pan Asia Bank’s strategic support

PMF Finance PLC has further strengthened its financial foundation through a significant partnership with Pan Asia Bank.

NDB Bank hosts forum to strengthen export community

NDB Bank successfully hosted the Exporter’s Forum on the 24 January at the Ramrich Hotel, Ja-Ela, bringing together key stakeholders and industry leaders to discuss strategies and opportunities for advancing Sri Lanka’s export sector.

Conceptus Event Management shines at People’s Pinnacle Awards

Conceptus (Pvt) Ltd won the award for the Best Event Management Company 2024 at the People’s Pinnacle Sri Lanka Awards held at the Taj Samudra recently.

Bileeta and CENWOR collaborate to empower rural SMEs

Bileeta (Pvt) Ltd, a leader in ERP solutions, has entered into a Memorandum of Understanding (MOU) with the Centre for Women’s Research (CENWOR) to introduce user-friendly ERP solutions tailored for small and medium-sized enterprises (SMEs) in rural Sri Lanka.

Centrum Marine Consultancy launches initiative to empower female seafarers

Centrum Marine Consultancy (Pvt) Ltd., recently launched the ‘She Can Sail the Seas’ initiative, a transformative programme aimed at creating new opportunities for women in Sri Lanka’s maritime industry. This innovative endeavor seeks to dismantle long-standing gender barriers in a traditionally male-dominated sector.

Regen Renewables signs up with J J Mills Group to solarize their factories

Regen Renewables (Pvt) Ltd., announced the signing of a landmark contract with J J Mills Group to commission state-of-the-art Solar Photovoltaic (PV) Systems across their facilities.

People’s Bank presents prizes to winners at debit card grand draw

People’s Bank presented prizes to the three grand prize winners of the People’s Debit Card Wethin Gedaratama Thagi” draw recently.

Central Bank could leave rates unchanged at upcoming meeting - FCR

Despite the current stretch of deflation offers some space for the Central Bank to follow through another rate cut at its upcoming meeting this week, there is a bigger chance for the rate setting committee to stay the monetary policy at the current level.

Kandy-Myst by Cinnamon to open doors in mid-February

Kandy-Myst, the newest addition of Cinnamon Hotels and Resorts, is all set to open doors in the coming weeks, a senior representative of the entity said.

Merchandise exports anchor US $ 12.7bn revenue in 2024

Sri Lanka’s export sector ended 2024 on a positive note, with merchandise exports reaching US $ 12.7 billion, reflecting a 6.67 percent growth year-on-year (YoY).

Tax experts urge government to clarify WHT hike

Tax experts yesterday urged the government to provide further clarification regarding raising the Withholding Tax (WHT) from 5 percent to 10 percent.

Softlogic Finance returns to moderate profitability

Softlogic Finance PLC, a subsidiary of Softlogic Capital PLC, returned to moderate profitability for the nine months ended December 31, 2024, its latest interim financial statement showed.

SL Economic Summit kicks off today

The red-circled private sector event, the Sri Lanka Economic Summit, will kick off today in Colombo, with President Anura Kumara Dissanayake inaugurating the event.

Week begins in green

The ASPI closed in green as a result of price gains in counters such as Melstacorp, Lanka IOC and Bukit Darah with the turnover crossing Rs. 5.9 Bn.

Limited activity ahead of monetary policy decision

The secondary market yield curve witnessed a day of limited activity as dull sentiment persisted.

Janashakthi Life records Rs. 6.6 bn GWP in 2024 marking 43% growth

Janashakthi Life has achieved an outstanding Rs. 6.6 billion in Gross Written Premiums (GWP) for the year 2024, marking an exceptional 43 percent growth compared to the previous year.

Aitken Spence Travels opens branch in Jaffna

Aitken Spence Travels recently opened its doors in Jaffna, marking a significant milestone in its efforts to expand its outbound travel services and bring world-class travel solutions to the people of north.

Ceylinco Life to extend Green Branch operations to Ambalantota

Life insurance provider Ceylinco Life is to extend its Green operations model to Sri Lanka’s deep south via a new purpose-built eco-friendly branch building in Ambalantota in the Hambantota District.

Amana Bank expands to Kalpitiya

Amana Bank recently opened its newest Self Banking Centre (SBC) in Kalpitiya, marking another milestone in the bank’s commitment to providing accessible and convenient banking services across Sri Lanka.

INSEE welcomes Thusith Gunawarnasuriya as COO

Siam City Cement (Lanka) Limited, known as INSEE Cement, announced the appointment of Thusith C. Gunawarnasuriya as Chief Operating Officer (COO), effective January 1, 2025.