M Power Capital Securities Limited (MSEC), a licensed investment manager, corporate finance advisor and a leading player in Sri Lanka’s capital markets, has facilitated over LKR 53 billion in structured finance transactions over the past five years, reinforcing its position as a premier debt arranger in the country’s financial sector. Having commenced operations in 2014,…
The Ministry of Digital Economy (MoDE) has officially partnered with the Computer Society of Sri Lanka (CSSL) as the National Partner for the National IT Conference (NITC) 2025, marking a significant milestone in advancing Sri Lanka’s digital transformation agenda. Representing the collaboration were Hon. Eng. Eranga Weeraratne, Deputy Minister of the Ministry of Digital Economy;…
Trade openness, technology adoption key to growth and jobs Growth in South Asia is projected to be robust at 6.6 percent this year—but a significant slowdown looms on the horizon. Reforms to promote trade openness and technology adoption could help the region create jobs and catalyze growth, says the World Bank in its twice-a-year regional…
As Sri Lanka transitions from economic stabilisation towards a path of accelerated, inclusive growth, with a renewed emphasis on private sector–led development, Day 2 of the Sri Lanka Economic and Investment Summit 2025, organised by the Ceylon Chamber of Commerce, will host a dedicated session titled “Why Sri Lanka – Investor View”. The session will…
Reuters – Gold surged to an all-time high above $3,900 per ounce on Monday, buoyed by growing expectations of a Federal Reserve rate cut this month, as well as economic and political uncertainty in the U.S., France and Japan. Spot gold was up 1.8% at $3,956.19 per ounce as of 02:41 pm ET, after hitting…
Marking a significant advancement in Sri Lanka’s passenger transport sector, the latest premium ZHONGTONG bus range was introduced by its newly appointed local agent, Moveflex (Pvt) Ltd., a fully owned subsidiary of DIMO, recently. ZHONGTONG is a familiar name in the Sri Lankan market, having already established a presence in the country over the years. Under DIMO Moveflex’s stewardship, the brand is poised to deliver greater value with stronger…
At a special media briefing held today (03) at the Information and Communication Technology Agency, the Notice of Assignment (NoA) required for the 2025 frequency auction of 5G was officially announced. The event was attended by Eng. Eranga Weeraratne, Deputy Minister of Digital Economy; Mr. Waruna Sri Dhanapala, Acting Secretary of the Ministry of Digital…
A World Bank team, led by Country Manager Mr. Gevorg Sargsyan, held a consultation meeting on 25.09.2025 with Dr. Harsha de Silva, Chair of the Committee on Public Finance (CoPF) and its members. The team subsequently held a combined consultation session with Hon. Dr. Nishantha Samaraweera, Chair of the Committee on Public Enterprises (COPE); Hon….
The board of directors of the National Savings Bank (NSB), the premier state owned savings banks in the country, has approved a dividend of Rs 6 billion to the General Treasury, its sole shareholder. NSB has reported exceptional results, with Profit before Tax (PBT) of Rs. 28.5 billion for the year 2024 and Rs. 25.5…
The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) surpassed the 22,000-point mark for the first time in history, during this morning’s (03) trading session. At around 09.35 a.m. this morning (03), the index stood at 22,017.56 points.
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