In a historic milestone for sustainable finance, First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a pioneering full-service investment institution, has been awarded the Certificate of Acceptance to the Sustainability Standards & Certification Initiative (SSCI) by the European Organisation for Sustainable Development (EOSD). This landmark recognition was conferred recently during the Annual…
The price of gold in Sri Lanka has declined by around Rs. 60,000 in comparison to last Friday (17), while today (22) alone, the price of gold has decreased by around Rs. 20,000. Accordingly, today’s price of a 22-carat gold sovereign at the Colombo Pettah gold market has decreased to Rs. 322,000, from Rs. 379,200…
The Commercial Bank of Ceylon was formally presented the Global Finance ‘Best Bank in Sri Lanka’ award recently, at the magazine’s annual awards ceremony held, as customary, during the IMF/World Bank annual meetings in Washington DC. This was the 23rd year that Commercial Bank received this prestigious international accolade from Global Finance. In Washington DC…
Viskam Prabha – 2025 Exhibition and Market organized by Upper Provincial Rural Development Department was inaugurated yesterday (21) under the floor of Upper Provincial Council campus under the leadership of Rural Development, Social Security and Social Empowerment Minister Kalanidi Ubali Pannila. The aims are to strengthen the rural economy, eliminate poverty and empower women. Wiscom…
The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has increased to 2.1% in September 2025, compared to 1.5% in August 2025, according to the latest data released by the Department of Census and Statistics. Meanwhile, food inflation has increased to 3.8% in September compared to 2.9% in August and…
The Employees Provident Fund (EPF) has recorded an unrealized profit of Rs. 73.97 billion from its total investments in the Colombo Stock Exchange (CSE) as of the end of the first half of 2025, according to official reports. This profit represents 86.13% of the fund’s total stock market investment value. The EPF has invested Rs….
TikTok has released its Q2 2025 Community Guidelines Enforcement Report, showcasing its ongoing commitment to creating a safe digital space for its users. The report, which covers data from April to June 2025, details the proactive steps TikTok has taken to identify and remove content that violates its Community Guidelines, ensuring a positive experience for…
Top court rules total interest cannot exceed the original loan amount The Federal Supreme Court has reaffirmed that financial institutions in the UAE are prohibited from charging interest on accumulated or compound interest, and that total interest payable must not exceed the original value of the loan. The ruling came as the country’s highest court overturned a…
Sri Lanka – Greater Mekong Business Council Holds 14th AGM The 14th Annual General Meeting (AGM) of the Sri Lanka – Greater Mekong Business Council (SLGMBC) of The Ceylon Chamber of Commerce was held recently, at the Hilton Colombo Residence. The event was graced by Mr. Le Van Huong, Deputy Head of Mission of Viet…
SLIC Life Records a 32% Year-on-Year Growth in GWP New Business Surges by 61% to Rs. 5.4 Billion at the end of Q3 13.2 Billion Settled in Claims, Averaging Rs. 1.5 Billion Monthly Sri Lanka Insurance Life (SLIC Life) has recorded an impressive performance for the nine months ending 30th September 2025, reflecting the company’s…
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