First Capital Holdings PLC (the group) reported a profit after tax of Rs.582 million for the quarter ended June 30, 2024, compared to Rs.2.8 billion in the same period last year.

Union Bank, in partnership with the National Innovation Agency and University of Moratuwa (UoM), yesterday launched the Union Bank School of Social Entrepreneurship (UBSSE), which also provides access to finance.

Fitch Ratings has assigned National Development Bank PLC’s (NDB, A-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to Rs.10 billion a final National Long-Term Rating of ‘BBB(lka)’.

Fitch Ratings has affirmed Sri Lankan conglomerate Hayleys PLC’s National Long-Term Rating of ‘AAA(lka)’. The Outlook is Stable.

The ASPI closed in red as a result of price losses in counters such as C T Holdings, John Keells Holdings and DFCC Bank with the turnover crossing Rs. 539 Mn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investo

The secondary market yield curve slightly edged down on the belly end of the curve, owing to the slight buying interest that was witnessed, on the mid-tenure.

NDB Bank recently conducted a series of workshops featuring NDB’s Pancha Mama, which aimed at fostering financial literacy and sustainable living habits among children.

Sincerely Ceylon, a charity founded in 2021 by students Shehzad Rajkotwala and Maya Vitarana, has rapidly grown into a beacon of hope for vulnerable communities across Sri Lanka.

Ambewela dairy products – manufactured by Lanka Milk Foods (CWE) PLC – is a household name synonymous with freshness and quality.

Bally’s Colombo, a prominent name in the Colombo nightlife scene and a top destination for night entertainment, recently launched its new Very Important Person (VIP) Lounge named ‘Paiza’.

The Festival of Creativity 2024 is set to showcase and celebrate creative talent in Sri Lanka.

The Kelaniya Toastmasters Club hosted its highly anticipated fourth officer installation and new member induction ceremony on 27th July at the Bandaranaike Memorial International Conference Hall (BMICH) in Colombo.

The healthcare arm of DIMO, also known as DIMO Healthcare recently installed the Siemens Healthineers 3 Tesla MRI Scanner at Jaffna Teaching Hospital. This enabled vital access to advanced healthcare technology for communities in the North region.

Abans has launched the newest range of Mibro smartwatch range, in August 2024.

Sri Lanka’s political and bureaucratic leaders should reassess the current debt sustainability plan with a fresh Debt Sustainability Analysis (DSA) to establish a realistic path out of the debt crisis, a top economist said, whilst also urging gover

Sri Lanka needs to resolve the elite bargaining problem in order to achieve debt sustainability and to chart on a sustainable growth path.

The Securities and Exchange Commission (SEC) of Sri Lanka has introduced new entry requirements and broadened exemptions for its certification programmes, aiming to enhance professional standards and accessibility in the capital market industry.

The Commercial Bank of Ceylon PLC has announced that it has successfully completed the largest rights issue to date by a bank in Sri Lanka, raising Rs. 22.54 billion to increase the Tier I and total capital of the bank to accommodate and facilitate f

Senior Banker Dilshan Rodrigo will takeover responsibilities as Union Bank’s new Director and Chief Executive Officer, effective today.

Sri Lanka Tourism is set to relaunch the National Tourism Awards, with the 7th edition scheduled for 2024, marking the return of a key event aimed at recognising excellence in the country’s travel and tourism sector.

Amana Bank mid-year performance in 2024 has outpaced its 2023 first half, with significant growth across multiple key metrics including profitability, advances, deposits, and total assets while also maintaining key health ratios such as CASA and Stag

The ASPI closed in green as a result of price gains in counters such as Sampath Bank, Ceylinco Insurance and Commercial Bank with the turnover crossing Rs. 776 mn.

The secondary market yield curve remained broadly steady during yesterday’s session amidst limited activities. Slight buying interest emerged on some mid tenors reversing the selling pressure that prevailed in the previous sessions amidst the spike

NDB Wealth Management Ltd, following its strategic collaboration with nVentures PTE Ltd, successfully hosted an exclusive educational workshop, ‘Startup Investing 101.’

Janashakthi Group announced the appointment of Dilshan Wirasekara as Deputy CEO.

Seylan Bank recently unveiled its 250th Seylan ‘Pahasara Library’ at St. Anthony’s Tamil Maha Vidyalam in Colombo 14, marking a significant milestone in its mission to enhance literacy and education across Sri Lanka.

Litro Gas Lanka announced significant developments in its supply and distribution network.

Associated Motorways (AMW), a name synonymous with excellence in the automotive industry, unveiled its latest innovation in tyre manufacture, the all-new range of AMW Katana tyres.

SriLankan Airlines, aiming to capture travellers’ attention with its safety protocols, has launched a brand-new onboard safety video featuring a range of Sri Lanka’s most mesmerising scenic locations.

The Business School of CA Sri Lanka held a special ceremony recently to welcome the fourth intake of its prestigious Advanced Certificate in Data Analytics Programme.