Category: Business and Economy

AlchemX Global launched its latest publication, “Insights from the First Wave – Sri Lanka’s emerging SLFRS S1 & S2 Reporting Landscape”, at an event held on recently at Hilton Residencies, Colombo, bringing together representatives from across Sri Lanka’s corporate and reporting ecosystem. The event was attended by senior representatives and leadership from key institutional and…

The Colombo Stock Exchange (CSE) closed lower on the day, with both benchmark indices posting modest losses amid subdued investor activity. The All-Share Price Index (ASPI) declined 0.32% to close at 21,313.92, while the S&P SL20 Index fell 0.14% to 5,994.33. Year-to-date, the ASPI remains 5.79% lower, while the S&P SL20 has declined 2.65%. Market…

DFCC Bank PLC’s Rs. 12.5 billion debenture issue has been oversubscribed, with applications received for more than the 125 million debentures offered. The issue comprised up to 125 million Basel III-compliant, Tier 2, listed, rated, unsecured, subordinated and redeemable five-year debentures, each with a par value of Rs. 100. The bank said the issue was…

HNB Life marked the public launch of In.She, its newly launched rewards app created to empower women through meaningful connections, rewards and lifestyle benefits. The launch brought In.She to life through an engaging showcase of the platform, with HNB Life’s Executive Director/CEO Lasitha Wimalarathne, Executive Vice President/Chief Business Officer Sanesh Fernando, and Executive Vice President/Chief…

HNB PLC received the Best Bank for Large Corporates in Sri Lanka 2026 award at the Euromoney Awards for Excellence, marking the second consecutive year that the Bank has secured the prestigious international recognition. The award was accepted on behalf of HNB by Senior Vice President/Head of Corporate Banking Manojith Weerasuriya, reflecting the Bank’s continued…

Diva Fresh, the flagship laundry brand of Hemas Consumer Brands, has relaunched with improved Stain Fighter Technology and Perfume Booster, and Optical Brightener Technology that helps clothes retain a cleaner, more vibrant appearance. The brand is taking the product directly to consumers through its ‘Diva Fresh Stain Fighters Gamin Gamata’ town storming campaign.   The campaign…

Sri Lanka is set to strengthen its position as a global destination for precious gemstones with plans to establish what is being described as the world’s first Gem and Jewellery Tourist Village in Passara, Badulla. The proposed tourist village will be developed at Sapuroda, located between the Badulla–Ella tourism corridor and Badulla city, creating a…

The Sri Lanka–Canada Business Council of The Ceylon Chamber of Commerce recently convened its 35th Annual General Meeting (AGM) at the Ceylon Chamber of Commerce, bringing together Council members, office bearers and distinguished stakeholders to review the Council’s activities during the past year and set its direction for the year ahead. The AGM was attended…

SDB bank has been recognised as the Banking Sector Runner-Up at the National Business Excellence Awards, reaffirming its position as a purpose-driven financial institution committed to sustainable growth, responsible banking and meaningful social impact. Organised by the National Chamber of Commerce of Sri Lanka, the National Business Excellence Awards is one of the country’s most…

Citizens Development Business Finance PLC (CDB) reiterated its commitment to strengthening Sri Lanka’s small and medium enterprise (SME) sector with an SMB Capacity-Building Programme in Kandy. Held on August 3rd at the Divisional Secretariat Hall B, the programme was driven under CDB’s SMBPlus as part of CDB’s broader strategy to support entrepreneurs beyond conventional financial…