The secondary bond market yesterday started off on a strong note, with a rally that saw aggressive buying, pushing yields to fresh lows. Sizeable volumes transacted. According to Wealth Trust Securities, this was against the backdrop of positive rem

This week’s Treasury bill auction saw weighted averages yields dropped significantly across all maturities for a third consecutive week. The heavy demand witnessed led to the steep declines, as the total bids received exceeded the offered amount b

As the Port of Colombo reaches near full capacity, driven by the Red Sea crisis, one of the largest ocean carriers Maersk stressed on improving the efficiency to overcome the possible capacity constraints, to fully benefit from the incoming transship

The Kingsbury PLC has maintained its financial performance, with the entity recording profits for the second consecutive quarter. For the quarter ended on December 31, 2023 (3Q24), The Kingsbury PLC saw its revenue increase by 19 percent year-on-year

Hemas Holdings PLC saw its top and bottom lines for the third quarter ended on December 31, 2024 improve with strong contribution from the learning segment, due to the seasonality effect and the positive impact of efficiency improvement initiatives.

By Ishan Sheriffdeen  With Sri Lanka generating over 900 metric tons of plastic waste daily, of which only 5 percent is recycled, the majority ends up in landfills or unregulated dumps. Such plastic waste enters waterways, eventually finding its way

Macktiles Lanka (Private) Limited achieved a monumental milestone as Sri Lankan tiles make their debut in the Indonesian market. This historic accomplishment marks a significant shift in the global trade dynamics, with Sri Lanka transitioning from be

The Institute of Valuers of Sri Lanka (IVSL) held its twentieth biennial session on January 29, at the Auditorium of the Sri Sambuddathwa Jayanthi Mandiraya, Colombo 5. At this session, the Council Report and the audited financial statements for past

Exterminators PLC announced it has recently entered a strategic partnership with PestScan B.V. Netherlands and Sentario UK Limited. The company is aiming to transform the pest management industry in South Asia from a chemical-focused industry to a te

Exterminators PLC, announced it has appointed digital pest technologist Jacob Carel Laubscher as an ‘Independent Director’, effective January 24, 2024. This decision reflects the company’s commitment to staying at the forefront of technologica

Plasticcycle, the social entrepreneurship project of the John Keells Group & The Pearl Protectors (TPP), held the official partnership ceremony of the “Cleaner Seabeds for Sri Lanka Expedition” on 30th January. The ceremony was aligned with the

DFCC Remittances has continued to serve the Sri Lankan diaspora by providing seamless, secure, fast, and affordable inward remittances to Sri Lanka. It reflects DFCC Bank’s dedication to providing convenient financial solutions for the global Sri L

Continental is expanding the global manufacturing footprint of its Specialty Tyre business area in Sri Lanka and signed an agreement with the BOI valued 13 million euro by further enhancing local pre-production capacities. This ensures an optimized

Consumer food manufacturers are experiencing a gradual increase in profit margins as raw material and ingredient prices decline...

Foreign Minister Ali Sabry urged Sri Lanka’s business community to step up efforts in demanding and ensuring policy consistency...

The Cabinet greenlighted the proposal to gradually lift some restrictions imposed on rupee conversions for outward remittances ...

Porcelain and ceramic manufacturer, Royal Ceramics Lanka PLC Group (RCL) saw its revenue for the quarter ended ...

Consumer spending has increased in recent times due to easing inflation and interest rates. However, spending on discretionary...

In a recent legal ruling, the Court of Appeal concluded that the entity identified as the Foundation for Environment, Climate and...

Credit to the private sector witnessed a significant surge, surpassing the Rs.100 billion mark in December of the preceding...

EDEX Expo 2024, the country’s largest, longest-running and premier education exhibition and job fair, will take place from February....

Generative artificial intelligence (AI) tools have a brand-new competitor in town, only it can respond to you in a host of South Asian....

The AICPA & CIMA Career Day, scheduled for February 12, 2024, at Lotus Ballroom, Shangri-La Colombo, stands as a beacon...

InterMedia Web, a digital solutions company based in the heart of Colombo, is continuing to make its mark in delivering cutting-edge....

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, in collaboration with Samsung Sri Lanka, announced the launch...

Marking a key milestone in the country’s payment industry, the Central Bank’s new real-time gross settlement (RTGS) system....

The National Advisory Board for Impact Investing in Sri Lanka (NABIISL), operating under the auspices of Lanka Impact Investing....

In a strategic move towards sustainable energy solutions, People’s Bank and George Steuart Solutions (Pvt.) Ltd (GSS) entered...

The YouTube channel of People’s Bank has reached a key milestone by garnering 50,000 subscribers, which is the highest....