Rings ceremonial bell at Colombo Stock Exchange to celebrate milestone The Commercial Bank of Ceylon PLC’s milestone of becoming the first bank in Sri Lanka with a market capitalisation of more than US$ 1 billion was celebrated at the Colombo Stock Exchange (CSE), where the Bank was invited to ring the ceremonial bell. Commercial Bank…
The Minister of Science and Technology (Prof.) Chrishantha Abeysena stated that the strategic plan for the restructuring of Vidatha Resources Centers will be implemented before the end of this year. He further stated that plans have also been made to establish three main Technology Incubation Centers in collaboration with universities in Sri Lanka, and that…
The Colombo Stock Exchange (CSE) touched new heights today (27 August), with the All Share Price Index (ASPI) climbing 139.82 points to close at 20,753.21, surpassing its previous record of 20,715.49. The rally, driven largely by strong domestic buying interest, also lifted the S&P SL20 Index by 13.64 points to 6,062.44. Turnover for the day…
Colombo’s Residential Land Valuation Indicator (LVI) recorded a significant 14.4% increase during the first half of 2025 compared to the same period of 2024, emerging as the strongest driver of overall land price growth in the district. According to Central Bank data, the overall LVI for Colombo District climbed by 11.4% year-on-year, supported by gains…
The Cabinet of Ministers has approved the awarding of a procurement contract to CIC Holdings PLC for the supply of 20,000 nanocrystal silver dressings, each measuring 20 cm x 40 cm, used in wound treatment and management. The international competitive bidding process saw only one submission, with CIC Holdings PLC, representing Smith & Nephew Medical…
The Cabinet of Ministers has approved awarding Maga Engineering (Pvt) Ltd. the contract to renovate a 15-kilometer stretch of the Southern Expressway between Kottawa and Dodangoda. The decision follows reports of extensive surface cracks and degradation of internal structural layers observed between the 19th and 34th kilometers of the expressway. Authorities have identified the need…
The Securities and Exchange Commission of Sri Lanka (SEC) has sent its Director General, Chinthaka Mendis, on compulsory leave pending the outcome of an independent investigation. The decision, approved by President and Finance Minister Anura Kumara Dissanayake, follows a recommendation by the SEC Commissioners. Deputy Director General Tushara Jayaratne has been appointed Officer-in-Charge until the…
In partnership with the Ministry of Digital Economy and the Information and Communication Technology Agency (ICTA), Meta launched a Digital Government Day program to upskill media secretaries and representatives of state media institutions. This is the first workshop that provided the necessary skills in using digital media such as Facebook, Instagram, WhatsApp and Threads effectively…
The much awaited Colombo International Kite Festival, organized by Sri Lanka Tourism, in collaboration with Derana Media Network, concluded successfully with a ground breaking number of visitors, participants and the public coming to the Galle Face Green, to witness one of the most colorful and glamourous events of the year. Sri Lanka received the opportunity…
National Development Bank PLC hosted its Analyst Earnings Call recently to discuss the Bank’s financial results for the six months ended 30 June 2025. This was subsequent to the release of the Bank’s financial results to the Colombo Stock Exchange on the 14th of August 2025, where the Bank recorded an institutional all-time high PAT…
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