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Mon, 06 May 2024 Today's Paper
The Annual General Meeting (AGM) of the shareholders of DFCC Bank PLC was held recently at the bank’s head office....
Bank of Ceylon (BOC) recently concluded the latest season of its esteemed ‘Pita Pita Rata Thegi’ programme with the handover....
People’s Bank marked another significant milestone in its digital transformation journey with the full launch of People’s Wiz....
ComBank Digital, Sri Lanka’s most-used digital banking platform, has significantly enhanced mass access by going trilingual....
Fitch Ratings last week affirmed UB Finance PLC’s (UBF) National Long-Term Rating at ‘BB(lka)’. The Outlook....
Fitch Ratings has assigned Asia Asset Finance PLC’s (A+(lka)/Stable) proposed Sri Lankan rupee-denominated senior unsecured....
Tourism Industry veterans cautioned that heightened confusion over the new visa system, along with the abrupt increase in visa fees, could derail 2.3 million tourist arrival target set for the year. This could potentially reduce arrivals below 2 mill
The highly debated Minimum Room Rate (MRR), which has the tourism industry divided, would be removed the end of this month, Tourism Minister Harin Fernando confirmed.
As the Cabinet is currently considering extending free visa travel to tourists from 67 countries, Tourism Minister Harin Fernando opined that Sri Lanka should consider doing away with visa altogether for tourists.
The overall offerings at the Colombo Tea Auction increased to 5.2 million kilogrammes, from the previous week’s 4.6 million kilogrammes. The Low Grown/L
The ASPI closed in green as a result of price gains in counters such as Bukit Darah, Central Finance Company and National Development Bank with the turnover crossing Rs 2.4 Bn. Meanwhile, the S&P SL20 edged down. High net worth a
The secondary market continued to see active buying interest across the yield curve during yesterday’s session. Investor participation was largely centered on the shorter and the mid tenures of the yield curve. Thus, several trades were ent
CNN: The Italian company that helped rebuild a bridge that collapsed in Genoa in 2018 says it is ready to do the same in Baltimore. WeBuild Group said in a press release yesterday that it had sent a preliminary design and plans to the US officials fo
BBC: Apple sales have fallen in almost every market across the globe, according to the latest results from the tech giant. The company said that demand for its smartphones dropped by more than 10 percent in the first three months of this year, while
As a result of the appreciation of the rupee and a reduction in the world market prices, the major domestic gas suppliers in the country have decided to decrease their retail prices, effective last night. This price reduc
SL Banks’ Association Chief says country is ‘couple of months’ away from striking a deal with bondholders By Nishel Fernando
Sri Lanka’s total exports in March expanded by 9.5 percent Year-on-Year (YoY) to US$ 1.41 billion with positive growth seen in key markets. Data shared by the Ex
Seylan Bank PLC more than doubled its profits in the three months ended in March 2024 as the company provided much less for possible bad loans as the economy improves while the borrower profiles strengthen with easing rates. The bank with asse
Hayleys Solar, the renewable energy arm of Hayleys Fentons, has successfully completed an impressive 2.3MW capacity solar power installation for Texlan Centre (Pvt.) Ltd, a leading hosiery manufacturer and exporter in the country.
Sri Lanka Climate Summit 2024, organised by the Ceylon Chamber of Commerce, will be inaugurated by President Ranil Wickre
The ASPI edged down as a result of price losses in counters such as Hatton National Bank, Bukit Darah and Sampath Bank
The Planters’ Association (PA) of Ceylon representing Regional Plantation Companies (RPC) is moving ahead to object to the Rs.1700 daily wage increase proposed for plantation workers, while asserting that a final decision is yet to be reached on th
REUTERS - Oil prices rose yesterday, rebounding from three days of losses that took prices to their lowest since mid-March. Brent crude fu
The yield curved nudged further down as the secondary market continued to see buying interest for the 5th consecutive session amidst positive investor sentiment while volumes were on moderate levels. On the short end of the curve, 01.02.2026 closed
Joined Amana Bank in its formative stages to set up marketing function as Senior Manager Marketing and Corporate Communications, eventually was elevated to Vice President Retail Banking and Marketing. Prior to joining Am
The Pekoe Trail Company (Guarantee) Limited is an innovative approach adopted by the Tourism Resilience Project to ensure the trail’s long-term sustainability and effective management. In April 2024, a collaborativ
The Central Bank of Sri Lanka (CBSL) has identified one more entity named Windex Trading to have been promoting illegal pyramid schemes in the country. The latest notice bri
A top-level Chinese business delegation, led by China Association of Small and Medium Commercial Enterprises (CASMCE) Secretary and President Ren Xinglei, met with Board of Investment (BOI) Chairman Dinesh Weerakkody and
Amana Bank announced the appointment of its Vice President Retail Banking and Marketing Siddeeque Akbar as President of the Association of Alternative Financial Institutions (AAFI), testifying Siddeeque’s leadership and expertise within th
The Ceylon Chamber of Commerce announced its appointment as the Chair of the Indian Ocean Rim Business Forum (IORBF) fo
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