Seeks due recognition of PR as a vital strategic communications discipline At its second AGM held on 21st April, Nimal Gunewardena a veteran in PR and IMC was elected to the role of President of the PR industry body, the Public Relations Association of Sri Lanka, along with a high calibre Board of agency and…
Hayleys PLC announced that its recently concluded Rights Issue of Ordinary Voting Shares has been oversubscribed, reflecting strong investor confidence in the diversified conglomerate’s strategic direction. According to the latest market disclosure, the company received applications for 55,243,312 shares, significantly exceeding the 45,000,000 shares offered. The total value of the subscriptions received, including applications for…
The Sri Lanka Chamber of the Pharmaceutical Industry (SLCPI) has called for urgent action to prevent a looming medicine shortage crisis in Sri Lanka, warning that growing pressure on the pharmaceutical supply chain could affect the country’s ability to ensure uninterrupted access to essential and life saving medicines. The Chamber cautioned that unless immediate and…
The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has increased to 2.4% in March 2026, compared to 1.6% in February 2026, according to the latest data released by the Department of Census and Statistics. Meanwhile, food inflation has decreased to 0.7% in March compared to 1.1% in February while…
Reuters – SpaceX plans to cement founder Elon Musk’s control after its IPO, granting him and a small group of insiders super-voting shares that will outweigh other investors, according to excerpts of the company’s IPO filing reviewed by Reuters. The prospectus, which was confidentially filed this month, provides fresh details of the company’s financials and…
At the close of trading today, the Colombo stock market recorded a mixed performance across its indices. The All Share Price Index (ASPI) increased by 55.45 points to reach 22,625.48. Meanwhile, the S&P SL20 Index edged down by 0.33 points to settle at 6,222.46. Total market turnover for the day stood at LKR 3.56 billion.
Final subscription figures for Janashakthi Limited’s Initial Public Offering (IPO) confirm overwhelming investor demand, with the issue being oversubscribed nearly three times over. In a letter dated today (21) to the Colombo Stock Exchange (CSE), S S P Corporate Services (Private) Limited, Registrars to the Issue, disclosed that a total of 20,397 applications were received…
UNDP Sri Lanka together with Government of Sri Lanka to implement initiatives that empower Sri Lankan communities through climate-smart agriculture and inclusive mine action The Government of Japan through its Japanese Supplementary Budget (JSB) has reaffirmed its commitment to supporting Sri Lanka’s development journey by announcing two new projects, aimed at fostering climate resilience in…
Latest data from the Employees’ Provident Fund (EPF) shows that the Fund has fully divested its holdings in six companies listed on the Colombo Stock Exchange during 2025. As of 31 December 2024, the EPF held equity investments in 65 listed companies. By 31 December 2025, this number had decreased to 59 companies. A comparison…
Reuters – Apple, opens new tab on Monday named longtime hardware boss John Ternus as its next CEO, turning to another insider to steer the iPhone maker after Tim Cook as it navigates a world radically altered by artificial intelligence, a technology it has lagged on. Cook, a supply-chain genius who boosted Apple’s market value…
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