Indices close on a negative note

The ASPI closed in red as a result of price losses in counters such as Hatton National Bank, Central Finance Company and Hemas Holdings with the turnover crossing Rs. 4.5 bn.

Mixed sentiment prevails ahead of T-Bill auction

The secondary market yield curve witnessed a day of mixed sentiment amidst the presence of both buying and selling activity yesterday.

2025 marks the Year of Aviyana

As the calendar turns to 2025, Sri Lanka stands on the cusp of a transformative milestone in its hospitality sector. Aviyana Ceylon, the country’s first seven-star luxury hotel, is set to open its doors this year, redefining the boundaries of global luxury and positioning Sri Lanka as an unparalleled destination for discerning travellers.

HNB Assurance climbs 13 places on LMD 100 rankings

HNB Assurance PLC (HNBA) made a significant ascent in the latest LMD 100 rankings, climbing 13 places to reach rank 64, cementing its position as one of Sri Lanka’s leading listed companies.

Allianz and SriLankan Airlines renew global partnership

Allianz Insurance Lanka Ltd and SriLankan Airlines have recently renewed their global partnership. Accordingly, Allianz will continue serving as the airline’s exclusive provider of travel insurance products and services. Now entering its third consecutive year, this partnership reflects Allianz’s commitment to delivering peace of mind to travellers. Through comprehensive insurance solutions seamlessly integrated across SriLankan Airlines’ bookin

Sri Lanka-Germany Business Council holds 25th AGM

The 25th Annual General Meeting (AGM) of the Sri Lanka-Germany Business Council (SLGBC) was held recently at Hilton Colombo Residences, Colombo 2.

Amana Bank opens Irakkamam Self-Banking Centre

Amana Bank expanded its customer locations to 66, with the opening of the bank’s 33rd Self-Banking Centre (SBC) in Irakkamam, a town located in the Ampara district of the Eastern province.

Thilan Wijesinghe contributes to Global South blue economy

TWC Group Chairman Thilan Wijesinghe addressed the global policymakers and experts at the ORF Cape Town Conversation, recently held in Cape Town, South Africa.

St. Anthony’s Coatings wins at Annual Green Building Awards 2024

St. Anthony’s Coatings’ commitment to sustainability has been recognised at Annual Green Building Awards 2024, held at the BMICH recently by the Green Building Council of Sri Lanka.

Sunshine Holdings’ Spotlight celebrates employee excellence and growth

Sunshine Holdings PLC recently hosted Sunshine Spotlight, an inspiring event organised by the OneHR Team at Sunshine to recognise the exceptional achievements, professional growth and contributions of its employees across various sectors.

Expo Commodities secures 3 prestigious NCE Export Awards

Expo Commodities (Pvt.) Ltd, one of Sri Lanka’s largest spice exporters and a key subsidiary of Aberdeen Holdings, has once again demonstrated its dominance on the global export stage by clinching three esteemed accolades in the Extra-Large Category at the 2024 NCE Export Awards.

Lakbima Plantation honoured at Swarnasinghe National Awards

Lakbima Plantation (Pvt.) Ltd, a leader in the plantation industry, was recently honoured in the Plantation Category at the Swarnasinghe National Awards for exceptional performance and entrepreneurship.

SITREK and Malaysia’s IHEAL Health partner to enhance healthcare in Sri Lanka

IHEAL Health Sdn Bhd, a leading healthcare provider based in Malaysia, has officially entered into a memorandum of understanding (MoU) with SITREK Home Nursing & Swift Care (Pvt.) Ltd, a prominent home nursing services provider in Sri Lanka.

Sri Lankan beer consumers pay over 70% of retail price in taxes: JBS

The beer consumers in Sri Lanka are effectively paying over 70 percent of the retail price of beer purely in taxes, according to research by Jafferjee Brother Securities (JBS).

BOI-Brandix partner in US $ 1.06mn venture to establish glue bonding garment facility

The Board of Investment (BOI) recently signed an agreement worth US $ 1.06 million with Fusion Apparel, a joint venture of Brandix, to establish a state-of-the-art manufacturing facility focused on glue bonding garments.

2024 tea sale average climbs

Sri Lanka’s national tea sales average for 2024 rose to Rs.1,225.17 (US $ 4.08) per kilogramme, marking an annual increase of Rs.53.88 (US $ 0.49), from Rs.1,171.29 (US $ 3.59) in 2023, the data from the Sri Lanka Tea Board showed.

SL’s top women entrepreneurs to be honoured today at WCIC Prathibhabhisheka 2024

Sri Lanka’s top women entrepreneurs will take the centre stage today, as WCIC Prathibhabhisheka – Women Entrepreneur Awards 2024 kicks off, recognising their resilience, innovation and impact on the national economy.

FTZMA urges govt. action on economic reforms and regulatory issues in year-end talks

Sri Lanka’s Free Trade Zone Manufacturers’ Association (FTZMA) held discussions with the government just before the new year, to share concerns and areas that need urgent attention.

Week commences with foreign buying

The ASPI closed in red as a result of price losses in counters such as Sampath Bank, Commercial Bank and Ceylinco Holdings with the turnover crossing Rs. 8.5 Bn.

Selling pressure rises as yield curve ticks up

Investors booked profits during yesterday’s trading session, with selling pressure prevailing throughout the day.

Sri Lanka Economic Summit 2025 to focus on Transformational Growth

The Sri Lanka Economic Summit organised by The Ceylon Chamber of Commerce is to be inaugurated on 28 January at the Shangri La Hotel Colombo,

EY Sri Lanka welcomes Talal Rafi

EY Sri Lanka announced the appointment of economist Talal Rafi as a Director, Business Consulting.

HNB announces two key appointments

Hatton National Bank (HNB) announced the appointments of Bimal Perera as Deputy General Manager and Chief Growth Officer, and Chandima Cooray as Deputy General Manager and Chief Innovation Officer.

LOLC’s global IT conference unites over 20 nations

LOLC Technologies, the technological arm of LOLC Group, reaffirmed its leadership in technological innovation with the successful conclusion of its second Global IT Conference.

Professor H.A. de S. Gunasekera Memorial Oration on Friday

The Professor H.A. de S. Gunasekera Memorial Oration 2025 will be held on 10 January at 3:00 p.m. at the Senate Room, University of Peradeniya.

Dialog Enterprise implements cloud-based contact centre solution for Union Bank

Marking a significant milestone in the advancement of digital customer service in the banking sector, Dialog Enterprise, the corporate ICT solutions arm of Dialog Axiata PLC., announces the implementation of a state-of-the-art,

Cinnamon Hotels & Resorts to energise hill capital launching ‘Kandy Myst by Cinnamon’

Cinnamon Hotels & Resorts, in partnership with Indra Traders, is set to expand its footprint in Sri Lanka’s hill capital, at the start of 2025, with the launch of the Kandy Myst by Cinnamon - a vibrant new addition to the brand’s portfolio.

BIMT Campus celebrates double honours at Entrepreneur Awards

The British Institute of Management and Technology (BIMT Campus) secured two prestigious awards at the Entrepreneur Awards – Western Province 2024,

Great Place to Work Sri Lanka partners with AIESEC for Leadership Development Seminar

Great Place to Work Sri Lanka partnered as a Bronze Partner in the National Leadership Development Seminar (NLDS) 2024, one of the most awaited annual conferences of AIESEC in Sri Lanka.

UPay powers staff with ‘UPlay with UPay’ competition

UPay, the digital wallet powered by SDB bank recently concluded the ‘UPlay with UPay’ internal staff competition to enhance and strengthen knowledge, and engagement of the bank’s staff with the bank’s innovative digital wallet, UPay.