A mixed but cautiously optimistic outlook prevails as Budget 2025 approaches Confidence about the economy in corporate circles remains subdued, despite the rise of the LMD-PEPPERCUBE Business Confidence Index (BCI), which perhaps suggests a sense of caution ahead of Budget 2025. According to Pepper-Cube Consultants, the newly elected government has been well received by the…
The Colombo Stock Exchange (CSE) reached a historic milestone today (02) as the All Share Price Index (ASPI) surpassed the 16,000-point mark for the first time in the Sri Lankan capital market’s history. The ASPI surged by 403.94 points, closing at 16,348.55—a 2.53% increase compared to the previous trading day. Additionally, the day witnessed an…
The Sri Lankan government has announced new restrictions on marketing food and beverages to children, effective January 1, 2025, under the Food (Labelling & Advertising) Regulations 2022. The Ceylon Chamber of Commerce, through its Food & Beverage Steering Committee, was a key partner in shaping these regulations by providing inputs on food science, nutrition, international…
A delegation from CEAT, an RPG India company, led by Managing Director and CEO Mr. Arnab Banerjee, met with Mr. Mangala Wijesinghe, Chairman and CEO of the Sri Lanka Export Development Board (EDB), recently at the EDB Head Office in Colombo. During the meeting, Mr. Banerjee provided an overview of RPG’s operations across various sectors,…
By Joshua Perera Joshua is an experienced writer, editor, and researcher and has a background in fact-checking, investigative journalism, and debunking misinformation. Sri Lanka, renowned for its stunning landscapes, rich culture, and warm hospitality, is witnessing a resurgence in tourism after years of challenges. As the sector begins to recover, it is crucial to consider…
The Colombo Stock Exchange (CSE) is pleased to announce the appointment of Ms. Vindhya Jayasekera as the Chief Executive Officer (CEO) Designate, effective 1st January 2025. Ms. Jayasekera will succeed the incumbent CEO, Mr. Rajeeva Bandaranaike, who is due to retire during the course of 2025 after serving for 11 years in that capacity. Ms….
The index skyrockets for a third consecutive month following the election season The election of a new government has ignited a surge of optimism and speculation about the country’s economic future. Against a backdrop of prolonged economic turbulence, the government’s pledge of change has struck a chord with a business community that’s eager for both…
PASSENGERS will “fly back in time” this evening as their flight takes off from Hong Kong in 2025 and will land in Los Angeles back in 2024. A group of people will have the chance to raise a toast to the New Year twice thanks to crossing the International Date Line (IDL) during their flight….
Talented young cricketer appointed Brand Ambassador for country’s largest debit card business Matheesha Pathirana, one of Sri Lanka’s most talented young cricket stars, has been appointed Brand Ambassador for Commercial Bank, the largest private sector bank in the country. Matheesha will specifically represent the ComBank Debit Card brand, the biggest debit card base in the…
The Colombo Stock Market’s All Share Price Index (ASPI) delivered an exceptional performance in 2024, recording a remarkable growth of 49.66%. Starting the year at 10,654.16 points, the ASPI surged to a historic high of 15,944.61 points by year-end. Similarly, the S&P SL20 Index, which tracks the top 20 leading companies on the exchange, grew…
Video Story
