National Development Bank leadership shines at inaugural Global CEO Awards Night

National Development Bank PLC (NDB) celebrates the recognition of its top leadership team at the prestigious Global CEO Awards Night 2024, at ITC Ratnadipa in Colombo.

Premier PR expands services to social media marketing

Premier PR, the premier public relations and marketing communications company, has expanded its services portfolio from public relations to social media marketing.

Wayamba University signs MoU with CFA Society Sri Lanka

The Wayamba University of Sri Lanka, represented by the Banking and Finance Department, Faculty of Business Studies and Finance, signed a memorandum of understanding (MoU) with CFA Society Sri Lanka recently on the University premises in Kuliyapitiya.

SLT-Mobitel Cash Bonanza brings Rs.12mn in cash prizes

Renowned for creating millionaires over the years, SLT-Mobitel’s Cash Bonanza is now offering even bigger and better rewards, empowering both new and existing mobile customers a chance to win cash prizes from a staggering Rs.12 million prize pool.

Colombo University Law Faculty secures Varsity Battles 2024 championship

Varsity Battles 2024, the second edition of the inter-university capital market quiz competition organised by the Securities and Exchange Commission of Sri Lanka (SEC) and Colombo Stock Exchange (CSE), concluded on a high note at The Epitome, Kurunegala.

HNB honoured for 15 years of excellence in corporate sustainability at BCCSA 2024

Consolidating on an unmatched reputation for responsible banking, Sri Lanka’s largest private sector retail bank HNB PLC was once again ranked among Sri Lanka’s Top 10 Best Corporate Citizens at the Ceylon Chamber of Commerce (CCC) Best Corporate Citizen Sustainability Awards (BCCSA) 2024.

Ruwan Ratnayaka, Beyond Escapes, Leopard Nest triumph at Tourism Awards

Beyond Escapes, an emerging travel agency in Sri Lanka and Leopard Nest, a renowned eco-tourism brand, have made remarkable strides at Sri Lanka Tourism Awards 2024, securing top honours in multiple categories.

Colombo prices show signs of pressure on consumer pocketbooks in December

The consumer prices in Sri Lanka’s Colombo district rose 1.2 percent in December from the previous month, reversing a 0.3 percent decline in November and breaking a months-long trend of falling prices that began in July.

CDS launches 011 2356 444 as a dedicated hotline

The Central Depository Systems (CDS), a subsidiary of the Colombo Stock Exchange, has launched a dedicated hotline, effective from the first week of January 2025, to provide the stakeholders, including the investors and corporate clients with direct access to the CDS for improved query resolution and support. The hotline, which will operate from 8:30 a.m. to 5:00 p.m., Monday to Friday, aims to enhance efficiency by enabling quicker query resolut

Gross official reserves stand at US $ 6.5bn in November

Sri Lanka’s gross official reserves (GOR) rose to US $ 6.5 billion by end-November 2024, up from US $ 4.4 billion at the close of 2023, the Central Bank said, reflecting continued recovery in foreign exchange holdings.

CBSL successfully holds 1st T-bill auction for 2025

The Central Bank of Sri Lanka (CBSL) started the new year by successfully conducting the first weekly T-bill auction for 2025, raising Rs.168.0 billion, with the total offered amount being fully accepted across all maturities.

Fitch rates SL’s new bonds ‘CCC+’

Fitch Ratings has assigned a ‘CCC+’ foreign-currency rating to Sri Lanka’s governance-linked bonds maturing in 2035 and a ‘CCC+’ local-currency rating to the US dollar step-up bonds maturing in 2038, which the government can decide to repay in rupees.

BOC honoured as Bank of the Year Sri Lanka 2024

Bank of Ceylon (BOC), Sri Lanka’s premier financial institution, has been awarded the prestigious title of Bank of the Year Sri Lanka 2024 by The Banker magazine, a leading publication from the Financial Times Group in the United Kingdom.

Construction sector sees activities expand at slower pace in November

Sri Lanka Purchasing Managers’ Index for Construction (PMI - Construction) expanded in November 2024, albeit at a slower pace, recording a total activity index value of 51.4.

Port City Colombo welcomes 2025 with a spectacular fireworks display

Port City Colombo welcomed the new year 2025 on December 31, 2024, with a vibrant and awe-inspiring fireworks display over the Marina Bridge.

ComBank crowned ‘Green Brand of the Year’ at SLIM Brand Excellence Awards

The Commercial Bank of Ceylon won the Gold as Sri Lanka’s ‘Green Brand of the Year’ at the 2024 Brand Excellence Awards of the Sri Lanka Institute of Marketing (SLIM) in a fitting recognition of the bank’s uncompromising commitment to sustainability.

Singer opens first Samsung AI-powered smart store

In a groundbreaking move to revolutionize the technological landscape of Sri Lanka, Singer Sri Lanka unveiled the country’s first AI-powered smart electronics in partnership with Samsung.

Property owner’s ejection claim dismissed by Court for non-compliance with new Lease Act

A case filed by a lessor (the property owner) seeking an order to eject a lessee (tenant) for wrongful occupation has been dismissed by the Kaduwela District Court as it did not comply with the new Lease Act introduced in 2023.

Chamil Wickremasinghe appointed SLIM CEO

The Sri Lanka Institute of Marketing (SLIM) announced the appointment of Chamil Wickremasinghe as its new Chief Executive Officer, effective 01st January 2025.

People’s Bank Aranayaka branch relocates

People’s Bank Aranayaka branch moved to a new location recently.

Classic Destinations appoints Chalaka Gajabahu as Head of Destinations

Classic Destinations, the inbound travel arm of Expolanka Holdings, announced the appointment of Chalaka Gajabahu as its new Head of Destinations.

DIMO wins two top awards at ‘Weichai Lovol Global Partners Conference’

As the authorized distributor for Lovol Harvesters in Sri Lanka, DIMO received two accolades at the 2025 Weichai Lovol Global Partners Conference, held at the Lovol Center in China recently.

Browns Hotels wins Gold accolade at Green Apple Environment Awards

Browns Hotels & Resorts (BHR) was recently awarded the International Gold Winner title in the Hospitality & Travel: Conservation & Wildlife category at the Green Apple Environment Awards 2024, held at Kensington Palace, London.

Centrum Marine Consultancy wins award for empowering women in maritime sector

Centrum Marine Consultancy (Pvt) Ltd has been awarded the ‘Empowering Diversified Maritime Education’ accolade at the 5th annual Maritime SheEO Conference.

Courtyard by Marriott Colombo awarded Best Four-Star City Hotel

The Courtyard by Marriott Colombo, owned by the Abans Group has been awarded ‘The Best Four-Star Hotel in the City’ at the Sri Lanka Tourism Awards 2024 held recently.

HNB Cards joins initiative to support hearing for children

HNB Plc has unveiled an innovative ‘Santa Brigade’ campaign in partnership with Visa, designed to create a transformative social impact during the holiday season.

Boost Hotels shines at National Tourism Awards

Boost Hotels Pvt Ltd, a Sri Lankan company with over a decade of expertise in delivering world-class hospitality solutions, has been named the Best Enterprise Management System for hospitality industry at the prestigious Sri Lanka Tourism Awards 2024.

Intrepid wins big at Sri Lanka Tourism Awards 2024

Intrepid Travel, the world’s largest adventure travel company, has been awarded at the Sri Lanka Tourism Awards 2024, with the Best Destination Loyal Partner, Under Travel & Tourism Operator category and being shortlisted as a finalist in Best Sustainable Practices in Specified Tourist Services.

Singhagiri launches Candy home appliances in Sri Lanka

Singhagiri Pvt Ltd launched its partnership with Candy, a European home appliance brand with Italian roots on 19 December at the Cinnamon Grand.

Business community welcomes New Year with positive sentiments

Sri Lanka’s private sector enters year 2025 with optimism as the island nation has somewhat managed to emerge from years of economic turbulence, supported by signs of recovery and a more stable environment.