Ms. Nilupa Perera, Senior Vice President of the Broker Supervision and Listed Entity Compliance Divisions at the Colombo Stock Exchange (CSE), provides an in-depth look at the critical roles her divisions play in maintaining market integrity and fostering good corporate governance. What is the role of the Broker Supervision Division at the CSE? The Broker…
The Commonwealth Enterprise and Investment Council (CWEIC) is pleased to announce the establishment of its Sri Lanka center, which marks a key milestone in the Commonwealth’s efforts to promote trade and investment in Sri Lanka. Sri Lanka. This strategic effort, launched in collaboration with the Sri Lankan government, intends to increase trade and investment opportunities…
Port City Colombo has taken a further step towards establishing itself as a pivotal technology hub in the region by entering into a formal partnership with TRACE Sri Lanka – a leading organization that promotes collaboration, creativity, and entrepreneurship through technology and innovation across disciplines in Sri Lanka. The MOU formalising the partnership was signed…
The leading blue-chip conglomerate, Aitken Spence PLC reported an impressive EBITDA (earnings before interest cost, tax, depreciation, and amortization) of Rs. 4.3 billion for the first quarter of 2024/25, a triple digit growth of 111% over that of the first quarter of the previous year. The Group achieved a steady Profit Before Tax (PBT) of…
The 29th Annual General Meeting of the Sri Lanka – Australia – New Zealand Business Council (SLANZBC) of The Ceylon Chamber of Commerce was held recently, with His Excellency Paul Stephens, High Commissioner of Australia to Sri Lanka, and His Excellency David Pine, High Commissioner of New Zealand to Sri Lanka & Maldives, in attendance…
The U.S. Embassy is pleased to announce an additional commitment of US $24.5 million (Rs 7.2 billion) from the American people to further our long-standing investment in the people of Sri Lanka and our partnership. The additional funding was announced during a visit to Sri Lanka by the U.S. Agency for International Development’s (USAID) Assistant…
The long-anticipated passenger ferry service between Nagapattinam in Tamil Nadu and Kankesanthurai (KKS) in Sri Lanka’s Jaffna district is set to recommence on August 16, according to Indian media sources. IndSri Ferry Services Private Limited, the company overseeing the operation, announced that bookings for the service will open at midnight today (12). The relaunch, initially…
The Commercial Bank of Ceylon has completed two decades as LMD’s Most Respected Bank in Sri Lanka, with the announcement of the magazine’s ‘Most Respected Entities in Sri Lanka’ rankings for 2024. Sri Lanka’s largest private sector bank, Commercial Bank was also ranked the third Most Respected corporate entity in the country overall in the…
1H 2024 Revenue recorded at Rs82.5Bn, Core Revenue up 2% YTD 1H 2024 EBITDA remained flattish at Rs27.1Bn, Core EBITDA Margin reach 39.2% for 1H 2024 Total Taxes Paid to GoSL Rs23.3Bn for 1H 2024 which included Rs6.5Bn in Direct and Rs16.8Bn in Indirect Taxes; The total taxes paid increased 6% YTD Capex Investments of…
Introduction of an Online Auction Bidding Platform for Treasury Bills and Bonds In a pioneering move within the Primary Dealer industry in Sri Lanka, WealthTrust Securities has launched a state-of-the-art online platform that enables clients to place bids directly at primary auctions for government securities. This launch marks a significant step in the company’s commitment…
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