The secondary market experienced a day of mixed sentiment characterised by limited activity and thin trading volumes. Selling interest was evident in the short to mid-tenure bonds, particularly those maturing in 2026, such as the 01.02.26, 15.05.26

Renewing its commitment to Sri Lankan youth with the gift of hope, Brandix Apparel conducted its Manusathkara Thilina programme for the eighth consecutive year, presenting 16,349 children of the Brandix family, vital school essentials, including stat

First Capital Holdings PLC, in collaboration with Habitat for Humanity Sri Lanka, announced the successful completion of their CSR project aimed at providing access to safe and dignified housing for underprivileged families in the Bope-Poddala Divisi

In the dynamic landscape of the transformer industry, where innovation meets expertise, two industry giants, Lanka Transformers Ltd and APAR Industries Ltd, have forged an alliance that promises to redefine standards and elevate benchmarks. This all

Abans, in partnership with Cleantech, organised a beach clean-up event at the Wellawatte beach recently, in commemoration of the World Environment Day. Themed ‘Extending Loyalty to the Environment’, the project is a demonstration of the organisa

A visit to Istanbul, Turkey, one of the world’s most historically and culturally significant cities and a travel enthusiast’s dream, became a reality for five Sri Lankan families recently courtesy of Ceylinco Life, the country’s largest life in

CameraLK, the leading camera retail giant in Sri Lanka, has been appointed by Sony Electronics as the official distributor for the Maldives. This partnership marks a significant milestone in CameraLK’s expansion and reinforces its position as a pre

In celebration of the World Environment Day, Aitken Spence Hotels reaffirms its unwavering commitment to sustainability with the planting of 2,000 trees across its properties in Sri Lanka, the Maldives, India and Oman. This ambitious initiative not o

In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening yesterday, heralds a new

Inequitable access to finance is a major barrier for women-led micro, small and medium enterprises (MSMEs) in Sri Lanka.

As the government prepares to resume vehicle imports later this year, one of Sri Lanka’s oldest automobile companies, United Motors Lanka (UML) PLC, has indicated that it has become less reliant on vehicle imports due to its robust assemb

Ambeon Capital PLC and Ambeon Holdings PLC together announced the appointment of Jacky Tsoi as an Independent Non-Executive Director of both entities. Tsoi is Managing Partner of Syndicate Capital, an international investment conglomerate that focus

SLT-Mobitel Enterprise, delivering best-in-class technology for the enterprise segment, has signed a bilateral agreement with Merchant Bank of Sri Lanka & Finance PLC, Sri Lanka’s trailblazing financial institution, to revolutionise the lan

National tea sales average for the month of May 2024 recorded Rs. 1,266.80 (US$ 4.25), showing an increase of Rs. 49.95 (US$ 0.16) in comparison with the April 2024 average of Rs. 1,216.85 (US$ 4.09). In comparison to the May 2023 average of Rs. 1,05

In redefining electric mobility in Sri Lanka, a top global automaker operating in the two and three-wheeler segments, TVS Motor Company (TVSM), recently launched its premium electric scooter TVS iQube in Sri Lanka. This also marks th

Spa Ceylon, the world’s largest Luxury Ayurveda chain, added another accolade to its trailblazer legacy by clinching a double-win at the prestigious Pure Beauty Global Awards 2024, held recently in London, following a winning streak of 17 i

Triad (Private) Limited, Sri Lanka’s leading homegrown, independent, ‘global local’ integrated communications powerhouse, has appointed Shane Wilson as Chief Executive Officer (CEO) and Shehan Samarasinha as Chief Operating Office

Surge Global, a best-in-class design, technology and marketing firm, announced that it has secured its second landmark technology transformation project in Qatar, with an engagement in excess of a billion rupees. This event underscores Surge’s c

The ASPI closed in green as a result of price gains in counters such as Sampath Bank, Commercial Bank and Ceylon Tobacco Company with the turnover crossing Rs. 1.5 bn. Similar b

The secondary market witnessed selling pressure across the board during the day backed by moderate volumes owing to the surrounding uncertainty influenced by the IMF board meeting which is to be held on June 12. Limited trades were registered during

Kelani Valley Plantations pioneers intellectual tourism concept and establishment of on-estate biodiversity conservation centre Kelani Valley Plantations (KVPL), a Hayleys Plantations company, announced a historic achievement with its Triple Crown o

Radisson Hotel Colombo recently welcomed a group of leading influencers for Air Arabia on a familiarisation tour (FAM tour) of Sri Lanka.

With reference to the article published in Mirror Business yesterday titled ‘SL Unit Trust Industry Crosses Key Milestones, Gains Tr

Fitch Ratings yesterday affirmed Bank of Ceylon’s (BOC) Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘CC’.

Fitch Ratings yesterday announced it has affirmed the National Long-Term Rating on People’s Bank (Sri Lanka) (PB) at ‘A(lka)’. The Outlook is Stable. In the announcement, Fitch

Sri Lanka and a group of creditors are in advanced talks over a deal aimed at restructuring the nation’s debt with bilateral lenders, according to people familiar with the matter, Bloomberg reported. As per sources, asking

Colombo-based Capital Alliance (CAL), a full-service frontier capital markets solutions provider, plans to expand into other frontier markets, aiming to operate in regions with a combined GDP of US$1-1.5 trillion within the next 3-5 years.

Japan, Sri Lanka’s biggest bilateral lender after China, yesterday stressed the island nation must speed up in its debt restructuring efforts for its own betterment.

Amidst the declining interest rates and entrance of new funds, Sri Lanka’s unit trust industry has continued to gain traction this year. The number of unit trust holders surpassed 100,000 and the total net asset value (NAV) crossed Rs.500 billion a

National carrier SriLankan Airlines has managed to move towards the positive territory, as it recorded a profit for the nine months ended December 31, 2023.