The Colombo Stock Exchange (CSE) recorded a significant milestone today (27), with total market turnover reaching Rs. 18.7 billion, one of the highest single-day volumes in recent years. Driving this surge was a major transaction involving Hatton National Bank PLC (HNB), following the divestment of a 9.99% stake by Browns Investments PLC. The shares were…
Ceylon Steel Corporation has acquired a 9.99% stake in Hatton National Bank PLC (HNB) from Browns Investments PLC in a landmark stock market transaction carried out this morning (May 27). The negotiated deal involved the transfer of 45,317,177 voting shares at Rs. 305.00 per share, generating a turnover of Rs. 13.82 billion. The transaction marks…
PepsiCo launches worldwide official partnership with Formula 1, bringing Sting Energy®, Gatorade®, and Doritos® to the World’s Fastest Growing Sport PepsiCo announces a groundbreaking worldwide partnership with Formula 1®, beginning in 2025 as part of a multi-year commitment. This partnership unites the world’s fastest growing sport with three of PepsiCo’s powerhouse brands: Sting Energy, Gatorade,…
The Sri Lanka Export Development Board (EDB), in collaboration with the International Trade Centre (ITC) officially launched the SheTrades Sri Lanka Hub web page under the framework of the United Kingdom (UK) Government-funded SheTrades Commonwealth+ Programme, marking a major milestone in the country’s efforts to empower women-led businesses and integrate them into global trade. The…
Award-winning loyalty programme has expanded its Skywards Exclusives portfolio to now include fantastic offers with Coca-Cola Arena, Dubai’s home of live entertainment. From hospitality tickets to the best sports matches worldwide Skywards continues to offer members the best loyalty experiences. Skywards Exclusives, a unique airline loyalty initiative that offers experiences from Emirates’ sponsorships portfolio, has…
By Prof. Samitha Hettige Being an agricultural society, Sri Lankans including the ancestors of President Gotabaya, Minister Mahindananda & the officials investigating the payments to the Chinese fertilizer ship may have successfully used bio fertilizer from times immemorial. However, PM Dudley had to sign the ‘Rubber Rice Pact’ with China in 1952 to fight famine….
Browns Investments PLC has sold its entire 9.99% stake in Hatton National Bank (HNB) today (May 27), in one of the largest recent stock market transactions. The 45.3 million shares were traded at Rs. 305 each via a crossing, generating Rs. 13.82 billion in turnover. Capital Alliance Securities (Pvt) Ltd acted as the broker for…
In a significant development, the total number of tourist arrivals to Sri Lanka so far in 2025 has surpassed one million. According to latest figures released by the Sri Lanka Tourism Development Authority (SLTDA), as of 25 May 2025, a total of 1,006,097 foreign nationals have arrived in the country. The SLTDA noted that although…
The Central Bank of Sri Lanka held the Financial Stability Conference on 23 May 2025 in Colombo, to celebrate its 75th anniversary and as a landmark event to highlight Sri Lanka’s success story in overcoming economic challenges faced during the recent past while preserving the financial system stability. Bringing together regional and international expertise, the…
A meeting between Deputy Prime Minister and Minister of Foreign Affairs of New Zealand Winston Peters and President Anura Kumara Disanayake took place this afternoon (26) at the Presidential Secretariat during Mr. Peters’ official visit to Sri Lanka. Conveying greetings on behalf of the Government and the people of New Zealand, Mr. Peters congratulated President…
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