Pagero Sri Lanka enhances learning at Ekiriyagala Junior School

Pagero Sri Lanka recently visited Ekiriyagala Junior School in Kegalle as part of their ongoing efforts to support education and foster a love for learning among students who demonstrate resilience and commitment.

Aberdeen’s Snehadhana Foundation hosts ‘Hearts of Happiness’

In celebration of World Kindness Day, Snehadhana Foundation, the CSR arm of Aberdeen Holdings, hosted the ‘Hearts of Happiness’ event on 26 November, bringing joy and inspiration to children from Sri Lankadara Sigithi Child Development Center and Sri Sangamitta Child Development Center. Held at a vibrant venue in Thalawathugoda, the event created a space of laughter and belonging for these young hearts.

ComBank conducts skills development programmes for students with IDB support

A group of students of the Entrepreneur Circle of Yasodara Devi Balika Vidyalaya in Gampaha recently completed two skills development programmes conducted under the ‘Diribala Next Gen School Entrepreneurship Grooming Programme’ of the Commercial Bank of Ceylon.

SLIM Campus Kandy reopens with high-tech facilities

SLIM Campus Kandy reopened its doors on the 23rd of November after completing a significant refurbishment and several upgrades, including an additional new building.

DFCC Bank partners with Durdans Hospital to offer free breast cancer screenings and awareness for its female staff

In observance of Breast Cancer Awareness Month, DFCC Bank, through its women-centric initiative DFCC Aloka, partnered with Durdans Hospital on 16 October, to provide free breast cancer screenings, live-streamed webinars, and personalised care for its female employees.

HCB makes donation to Sarvodaya Shramadana Movement

Hemas Consumer Brands (HCB) partnered with the Disaster Management Unit of the Sarvodaya Shramadana Movement to donate Fems Sanitary Napkins,

Sri Lanka’s annual loss due to government tender corruption amounts to 1% of Gross Domestic Product: Verité Research

The annual loss to Sri Lanka due to corruption in government tender procurements is estimated to be at around 1 percent of the country’s GDP, according to Verité Research.

Softlogic Holdings says still actively seeking buyers for its two hotels

Sri Lanka’s Softlogic Holdings which is going through capital restructuring said the Group is still actively seeking buyers for its hotel sector.

Banks kick into fresh credit cycle while carrying lower provisions - Capital Trust Research  

Margins narrow on declining rates, but higher volumes from loans to support top-line 

SL’s female labour force participation now at all time low of 29%, says WCIC

Sri Lanka’s female labour force participation rate in the domestic workforce has dropped from 32 percent to an all time low of 29 percent, according to Women’s Chamber of Industry and Commerce (WCIC) Chair Gayani De Alwis. The drop marks a troubling indication in the country’s efforts towards gender equality and the inclusion of women in formal economic activities given that the island shelters a local population in which 52 percent are women.

Sri Lanka’s fresh produce sector faces major losses due to poor packaging: EDB

Sri Lanka’s fresh produce sector is currently experiencing significant post-harvest losses due to poor packaging, according to the Export Development Board (EDB).

Clarification

Responding to an article published in Mirror Business on 29 November under the title ‘Cyberattacks on top firms, state entities expose Sri Lanka’s weak defenses - Secualyze’, Cargills has denied it had fallen victim to a phishing scheme.

Investor appetite fuels market with robust activity

The Central Bank conducted a Rs. 132.5bn worth bond auction yesterday and partially accepted Rs. 130.8bn from the total offered.

ASPI hits 14,000 mark for the first time

The ASPI closed in green as a result of price gains in counters such as Ceylon Beverage Holdings, Hatton National Bank and Sampath Bank with the turnover crossing Rs. 7.3 bn.

Aitken Spence wins Grand Slam Award as Best Corporate Citizen of 2024

Aitken Spence PLC emerged as the overall winner and received the prestigious Grand Slam Award for winning the award five times at Best Corporate Citizen Sustainability Awards (BCCSA) 2024, organised by the Ceylon Chamber of Commerce.

Twinery leads Sri Lankan innovation as it celebrates 100 granted patents

Traditionally recognised in the fields of agriculture and tourism, Sri Lanka has often been overlooked as a hub for technological innovation. Twinery, the innovation arm of global apparel tech leader MAS Holdings, is redefining this narrative as it proudly announces the granting of its 100th utility patent.

NDB recognised at CMA Excellence in Integrated Reporting Awards

National Development Bank PLC (NDB) has once again been recognised for its exceptional commitment to transparency and corporate reporting at the prestigious CMA Excellence in Integrated Reporting Awards 2024. The bank was honoured as the winner in the Best Integrated Report - Banking Sector for the sixth consecutive year (joint award in 2024) and also earned the coveted recognition as one of the Five Excellent Integrated Annual Reports.

Union Bank appoints Mahesh Nanayakkara to board

Union Bank announced the appointment of Mahesh Nanayakkara as an Independent Non-Executive Director to its board.

Asia Asset Finance marks 10 years under Muthoot Finance

Asia Asset Finance PLC celebrated its 10th anniversary under the ownership of Kerala-based Muthoot Finance, the world’s largest gold financing company, reaffirming its commitment to financial inclusion and women empowerment as key drivers for future growth.

DFCC Bank launches socially inclusive, eco-friendly recycled plastic debit and credit cards

DFCC Bank recently launched its latest innovation in sustainable banking: debit and credit cards made from 85 percent and 100 percent recycled PVC (rPVC), respectively.

ComBank MD/CEO Sanath Manatunge honoured as Diversity Champion

Commercial Bank of Ceylon Managing Director/CEO Sanath Manatunge has been recognised as one of the Top 10 Diversity Champions in Sri Lanka in 2024 for his leadership in fostering diversity, equity and inclusion within Sri Lanka’s banking sector.

Fems makes history at SLIM Brand Excellence Awards

Fems, Sri Lanka’s leading and progressive feminine hygiene brand, clinched an unparalleled victory, becoming the first feminine hygiene brand in Sri Lanka to win the prestigious Gold award for Product Brand of the Year at SLIM Brand Excellence Awards 2024.

SriLankan Mumbai team completes agents’ educational tour to Gan Island

The SriLankan Airlines’ Mumbai team, in collaboration with the airline’s Maldives team and Canareef Resort, recently hosted a successful agents’ educational tour to the stunning Gan Island in the Maldives.

Elite Radio introduces Godrej NX Pro Digi lockers

Elite Radio & Engineering Co., (Pvt.) Ltd, trusted since 1959, introduces the Godrej NX Pro Digi lockers – the ultimate solution for home and hotel security.

Wurth Lanka supports automotive industry with expert training

Wurth Lanka (Pvt.) Ltd conducted a training programme titled ‘Windscreen Bonding and Body Sealant – Theory and Practice’ at its Makumbura head office auditorium recently to enhance the skills of Sri Lanka’s automotive industry.

SLT-Mobitel’s mCash celebrates 11 years of revolutionising digital payments in Sri Lanka

SLT-Mobitel’s pioneering mobile money platform, mCash, celebrates 11 years of empowering Sri Lankans with cutting-edge digital payment solutions.

Seylan Bank supports Sabaragamuwa Province Entrepreneur of the Year 2024

Seylan Bank recently partnered with the Sabaragamuwa Province Entrepreneur of the Year 2024 as the event’s official banking partner.

Creative Software celebrates 25 years

Creative Software, a leading software solutions provider, celebrated 25 years of delivering innovative IT services and shaping Sri Lanka’s tech landscape.

SLINTEC commercialises record 8 patents and innovations within 12 months

The Sri Lanka Institute of Nanotechnology (SLINTEC) witnessed a remarkable transformation, with four patents being commercialised, with an additional four innovations in the advanced stage of commercialisation.

Ambewela Farms achieves record-breaking daily milk production of 60,000 litres

Lanka Milk Foods (CWE) PLC (LMF) has set an extraordinary benchmark at its Ambewela Farms, achieving a record-breaking daily milk production of 62,000 litres from a single source.