The ASPI closed in red as a result of price losses in counters such as Aitken Spence, Richard Pieris & Company and Sampath Bank with the turnover crossing Rs. 1.4 bn. Meanwhile, th

After a sustained bullish trend, profit-taking emerged in the secondary bond market, resulting in selling pressure across short to mid tenors. As a result, yields clo

Kaspersky introduced its new flagship product line Kaspersky Next in Sri Lanka, combining robust endpoint protection with the transparency and speed of endpoint detection and response (EDR) alongside the visibility and powerful tools of extended dete

Commercial Bank announced a strategic partnership with Q&E to enhance the capabilities of small and medium enterprises (SMEs) through the Commercial Bank LEAP Global Linker platform.

SriLankan Cargo, the cargo arm of SriLankan Airlines, has partnered with CargoAi, a leader in digital freight solutions, to simplify and enhance its airfreight booking and payment processes and bring more transparency and velocity for users tha

Two cruise ships docked at the Hambantota International Port on May 15, 2024. MV. Silver Cloud, owned by Silversea Cruises, the luxury brand of the Royal Caribbean group, arrived from Cochin, carrying 232 pas

Laugfs International (Pvt.) Ltd, the trusted supplier of Japanese-made Airman power products in Sri Lanka, recently received the prestigious Airman Service Excellence Award for the second consecutive year. Presented by Airman Japan, a globally recog

People’s Bank hosted its 20th Annual Inter Branch/Department Quiz at Monarch Imperial, Sri Jayewardenepura Kotte, underscoring its commitment to staff development and knowledge sharing. This year’s event saw

Digital Zyndicate Co., a leading US-based venture capital firm, recently announced Echo3000, a groundbreaking hyper-casual gaming platform poised to revolutionise the digital gaming sphere. Available now at www.echo3000.com, Echo3000 offers an exten

The much-awaited annual CFA Society Sri Lanka Capital Market Awards will be held for the 11th year on June 18, 2024, at Cinnamon Grand, Colombo. Today, it is among the most sought-after accolades that recognises and rewards excellence in the local c

Navara Capital Ltd, a leading corporate advisory service provider in the country, has been appointed as the training partner for the United States Agency for International Development (USAID) CATALYZE Sri Lanka Private Sector Development (PS

Nawaloka Hospitals PLC, a distinguished leader in healthcare solutions, introduced its revolutionary Elite Corporate Services, a g

99x, a leading global product engineering company, unveils its latest innovation, Flowyzer, a developer-friendly environment to provide i

Tea Exports for the month of April 2024 totalled 16.38 million Kgs, a marginal increase of 0.21 million Kgs when compared wit

The Central Depository Systems Ltd. (CDS) in a circular yesterday announced the shortening of the settlement cycle from T+3 to T+2 for all equity transactions.

The recovery in poultry feed related business and the increasing demand for chicken have elevated the top and bottom-lines of Ceylon Grain Elevators PLC in the first quarter of 2024 (1Q24). The Group’s top line rose by 29 percent YoY to Rs.5.43 bi

Sri Lanka Telecom PLC saw its profits for the quarter ended 31 March (1Q24) dip 83.8 percent Year-on-Year (YoY) to Rs. 156 million from 957 million recorded in 1Q23 due to lower operating profit and reduced interest income due to declining interest r

Teejay Lanka, Sri Lanka’s first multinational textile manufacturer reported net profit of Rs. 549.1 million for the three months ending 31st March 2024, up 260 percent over the corresponding quarter of the previous year and a 15 percent improvement

Economic activities measured by the Purchasing Managers’ Index (PMI) showed a seasonal setback in April as the demand cooled soon after the

The Joint Apparel Association Forum (JAAF) stressed that the official garment worker minimum wage does not paint an accurate image of the total earnings of a garment worker in Sri Lanka.

The Sri Lankan rupee is likely to depreciate in the range of Rs.310-320 against the US dollar in the latter part of the year, First Capital Research (FCR) said.

The world warms more when there is more carbon dioxide in the atmosphere, which functions as the earth’s thermostat. Global greenhouse gas concentrations reached 419 parts per million in 2023, about 50 percent higher than they were prior to the Ind

The government has decided to grant Power Wheeling Facility for new renewable power projects in allowing renewable power operators utilize Ceylon Electricity Board transmission network to transmit power from their own renewable energy plants to meet

Hatton National Bank PLC (HNB) recorded a profit before tax (PBT) of Rs.9.8 billion during the first quarter of 2024, while the profit after tax (PAT) amounted to Rs.6.2 billion. At group level, PBT and PAT were at Rs.11.2 billion and Rs.7.4 billion,

Amana Bank saw its profit before tax (PBT) expand 73 percent year-on-year (YoY) to Rs.734.5 million in the first quarter (1Q24), while profit after tax surged by 91 percent YoY to Rs.422.2 million. The bank’s top line witnessed a marginal decline t

Nations Trust Bank PLC (NTB) reported a higher profit for the quarter ended in March 2024 (1Q24), supported predominantly by the lower provisions made for possible bad loans, as the economy is improving along with borrower profiles, which enhances it

During the first quarter of 2024, Bank of Ceylon (BOC) achieved a profit before tax (PBT) of Rs.9.3 billion, a substantial increase compared to the previous year. The bank’s interest income for the quarter reached Rs.108.6 billion, making a signifi

Indices closed in red as a result of price losses in counters such as Hatton National Bank and National Development Bank and Sampath Bank with the turnover crossing Rs 3.2 Bn. High net worth and institutional investor participation was noted in Ambeo

The Central Bank conducted its weekly T-bill auction where weighted average yields declined across the board for the sixth consecutive week. The total offered amount of Rs.177.5 billion was fully accepted with the one-year bill being oversubscribed

Dialog customers came together extending their support once again to contribute over Rs. 18 Million towards Little Hearts, an initiative spearheaded by the Sri Lanka College of Pediatricians, bringing the total donation amount since 2016 to Rs. 140 M