T-bill yields take a toll with sharp declines

Yesterday’s treasury bill (T-bill) auction saw a sharp decline in rates across the board.

Turnover crosses LKR 10 Bn

Indices closed in green as a result of price gains in counters such as Hatton National Bank voting & nonvoting and National Development Bank with the turnover crossing Rs. 10.6 Bn.

SLES to explore blueprint for economic transformation at concluding session

The concluding session of the Sri Lanka Economic Summit organised by The Ceylon Chamber of Commerce will explore a ‘Plan for Economic Transformation’, to position Sri Lanka on a strong and sustainable growth trajectory.

Scybers appoints Former Microsoft Security Division Expert to advisory board

Cloud Security Consulting and Managed Services provider Scybers announced the appointment of Prasanna Samarawickrama to its Technical Advisory Board.

First Capital wins Gold and secures four at CA Sri Lanka’s TAGS Awards

First Capital Holdings PLC recently celebrated a momentous achievement at the 2024 TAGS (Transparency, Accountability, Governance, Sustainability) Awards organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) for the 59th consecutive year.

Indrajit Wickramasinghe appointed to AIA Sri Lanka board

AIA Insurance Lanka Limited has announced the appointment of Indrajit Asela Wickramasinghe as an Independent Non-Executive Director of the Board of Directors with effect from 07th January 2025, subject to the approval of the Insurance Regulatory Commission of Sri Lanka.

Global experts to inspire at 99x’s Product Xperience Conference

As the countdown begins for 99x’s Product Xperience Conference 2025 on January 28th at the Cinnamon Grand Colombo, all eyes are on the remarkable lineup of global speakers set to share their expertise at the event.

DFCC Bank announces UnionPay acceptance across ATM/CRM network

DFCC Bank announced that its ATM/CRM network now accepts UnionPay International cards via the LankaPay Network.

Ecologic Systems partners with HECS to revolutionise wastewater management

In a move set to revolutionize wastewater management in Sri Lanka, Ecologic Systems, a subsidiary of United Tractor & Equipment (Pvt) Ltd, has joined forces with Hubert Enviro Care Systems Pvt Ltd (HECS).

Bankhill Educare selected ‘Best Preschool Chain’ at World School Summit

Bankhill Educare has won the ‘Best Preschool Chain’ Award at the 23rd Edition of the World School Summit held recently in Kuala Lumpur, Malaysia.

SLT-Mobitel to elevate guest experiences at Colombo Residence Hotel

SLT-Mobitel announced a strategic partnership with Colombo Residence Hotel to transform guest experiences through cutting-edge digital connectivity and entertainment services recently.

HNB Santa Brigade Campaign lights up lives of children

During the holiday season, HNB PLC, in collaboration with Visa, brought to life the true spirit of giving with its transformative ‘Santa Brigade’ campaign.

Apollo Hospitals expands into Sri Lanka launching International Care Center

Apollo Hospitals, India’s leading healthcare provider, has taken a significant step in addressing Sri Lanka’s pressing healthcare challenges with the launch of the Apollo Hospitals International Care Center (AHICC) in Colombo.

Hayleys Plantations’ management symposium demonstrates commitment to sustainability

Hayleys Plantations demonstrated its commitment to innovation and sustainability at its second annual Management Symposium 2024 under the theme: “Intellectual Intervention & Innovation in Plantations towards Sustainability”.

Hutch adopts ‘Sirat NetZero’ platform

Hutch has partnered with Sirat2 sustainability Pvt Ltd to integrate the Sirāt NetZero platform into its marketing operations.

Coconut chamber demands urgent import approval to avert dual crisis

The Ceylon Chamber of Coconut Industries (CCCI), the umbrella organisation for Sri Lanka’s coconut industry, yesterday urged the government to expedite the proposal to import 200 million nuts urgently to avert a looming dual crisis.

Budget 2025 aimed at involving all segments linked to SL’s economic processes: President

The maiden budget by the National People’s Power (NPP) will be formulated with the objective of involving every segment of the population in the country’s economic processes, President Anura Kumara Dissanayake said. The President emphasised the importance of extending the benefits of urban-centered economic activities to the grassroots level and actively involving them in the process, highlighting the need for an economic plan that ensures equita

December inflation records 2% YoY dip, extending deflationary trend to fourth consecutive month

Sri Lanka’s National Consumer Price Index (NCPI) recorded a 2.0 percent year-on-year decline in December 2024, extending the deflationary trend to its fourth consecutive month.

Tourist arrivals cross 100,000 mark within first 2 weeks of January

Tourist arrival crossed the 100,000 mark within the first two weeks of January, recording a Year-on-Year (YoY) increase of 22 percent.

BOI revitalisation a key New Year’s resolution for Sri Lanka in 2025: US Ambassador

US Ambassador to Sri Lanka Julie Chung recently called on authorities to make the revitalisation of the Board of Investment (BOI) a key New Year’s resolution for Sri Lanka in 2025.

ASPI crosses 16,500 mark for the first time

Indices closed in green as a result of price gains in counters such as DFCC Bank, Sampath Bank and National Development Bank with the turnover crossing Rs. 8.3 bn.

Mixed sentiment emerges ahead of T-Bill auction

The secondary market yield curve experienced mixed trading activity yesterday, with limited and thin trading volumes ahead of the CBSL’s weekly T-Bill auction. Investor interest focused on the 2027, 2028, and 2029 maturities, with the 01.05.27 T-bond trading at 9.75%.

Inovartic Investment leads UAE-Sri Lanka breakthrough in nanotechnology commercialisation

Inovartic Investment Lanka, a joint venture between Inovartic Investment LLC and Apex Asia Holdings, has acquired advanced nanotechnology to transform graphite-based oil adsorption materials into globally viable solutions.

SLASSCOM with Hexaware Technologies to propel Sri Lanka’s tech industry

The Sri Lanka Association of Software and Service Companies (SLASSCOM) announced its partnership with Hexaware Technologies, a global leader in IT, business consulting and outsourcing services.

People’s Bank picks winners at ‘People’s Debit Card Gedaratama Thegi’ grand draw

People’s Bank recently conducted the grand draw of the People’s Debit Card ‘Gedaratama Thegi’ promotion. During the event, three grand winners were selected to receive home appliances worth Rs.1 million, Rs.500,000 and Rs.250,000, respectively.

Dhammika Attygalle appointed to National Council for Road Safety board

Automobile Association of Ceylon President Dhammika Attygalle has been appointed as a board member of the National Council for Road Safety. Attygalle is a Director of Upali Group of Companies and Chief Basnayake Nilame of Kelaniya Raja Maha Vihara.

Standard Chartered powers Sri Lanka Economic Summit

Standard Chartered is continuing the commitment to Sri Lanka’s economic development as Platinum Sponsor of the Sri Lanka Economic Summit, marking its eighth consecutive year of partnership with The Ceylon Chamber of Commerce.The summit, scheduled for January 28 and 29, at Shangri-La Hotel Colombo, focuses on ‘Shaping Sri Lanka’s Future: Transformational Growth Rooted in Sound Economic Policies.’ This year’s event holds particular significance as

Sri Lanka-Greater Mekong Business Council holds 13th AGM

The 13th Annual General Meeting (AGM) of the Sri Lanka-Greater Mekong Business Council of The Ceylon Chamber of Commerce was held recently, at Cinnamon Grand Colombo.

CMA Sri Lanka presents budget proposals for promotion and development of SME sector

The CMA Sri Lanka SME Development Committee comprises members from professional bodies, commercial banks, chambers of commerce and industry and industry experts, who have been meeting since April 2020 to find solutions and support the small and medium enterprise (SME) sector.

Shippers’ Academy to unravel supply chain complexity on Jan. 29

Organised by Shippers’ Academy Colombo, the ‘Unravelling Supply Chain Complexity - Global Challenges, Manufacturing Dynamics and Lessons from India’ event is to take place on January 29, 2025, at the Sri Lanka Foundation Institute.