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HONG KONG, Jan 6 (Reuters) – China’s main stock exchanges asked some large mutual funds to restrict stock selling at the start of the year, three sources familiar with the matter said, as authorities sought to calm markets heading into a tricky period for the world’s second-largest economy. At least four large mutual funds received…
Featured
Siyarata Traditional Hospital in Pallekele, Kandy, led by renowned traditional medicine practitioner Ranjan Muhandiram, will proudly celebrate its 25th anniversary in January, 2025. This milestone reaffirms the hospital’s dedication to preserving and advancing the age-old practices and providing exceptional patient care. Dr. Muhandiram hails from a lineage rooted in traditional medicine, with a history spanning…
Sri Lanka’s leading online real estate platform, LankaPropertyWeb, has reached a significant milestone, closing the year 2024 with two esteemed international recognitions that underscore its leadership in the industry. LankaPropertyWeb was named the Winner of the Luxury Lifestyle Awards in the category of “Best Luxury Property Portal in Sri Lanka 2024”. The Luxury Lifestyle Awards,…
NCINGA is proud to announce that it is a Google Cloud Managed Security Services Provider (MSSP). This latest achievement reinforces NCINGA’s commitment to delivering robust cybersecurity solutions through its autonomous Cyber Security Operations Centre (CSOC) service, which leverages Google Security Operations, an intelligence-driven and AI-powered security operations platform. NCINGA’s cybersecurity approach in combination with Google…
First Capital, a pioneering force in the investment sector was awarded the coveted title of Sector Winner in the Investment Banking Sector at the 10th annual CMA Excellence in Integrated Reporting Awards on 3rd December 2024, at Hotel Taj Samudra, Colombo. This prestigious event, organised by the Institute of Certified Management Accountants of Sri Lanka…
Geometry Global, a Strategic Business Unit of the Ogilvy Group Sri Lanka, achieved a significant milestone as Sri Lanka’s only agency to be recognised at the prestigious Epica Awards 2024. The agency secured a Bronze in the ‘Public Interest – Social Advocacy’ category for its meaningful ‘Books that Keep on Giving’ campaign for ProMate (Printxcel),…
Served over 350 clients worldwide Achieved a 90% first-draft acceptance rate Expanded services globally to 30+ countries Supported clients with securing top positions in IMF & Fortune 100 companies Your Writer, a leading name in career writing services, marks its fifth anniversary by unveiling a new website tailored to meet the career needs of Sri…
Lakbima Plantation Pvt. Ltd. a leader in the plantation industry, was recently honoured in the Plantation category at the Swarnasinghe National Awards for exceptional performance and entrepreneurship. As part of the Lakbima Group of Companies, the plantation division has earned recognition for its sustainable practices and innovative approaches to agriculture. Chief Executive Officer, Deshamanya, Upul…
Dilip Fonseka, the visionary Managing Director of Ceylon Pharma College and a trailblazer in pharmacy education, unveiled his latest book, ‘Rising Above Challenges for Success’, at a prestigious Book Launching Ceremony during the International Award Meet 2024. The event, held on 21 December, 2024, at the Crowne Plaza in Mayur Vihar, New Delhi, India, was…
The Professor H.A. de S. Gunasekera Memorial Oration 2025 will be held on Friday January 10th, 2025 at 3:00 p.m. at the Senate Room, University of Peradeniya. The Oration will be delivered by Sumanasiri Liyanage, Former Associate Professor, Department of Economics and Statistics, University of Peradeniya, on the topic, “Contingence, Conjuncture and Structure: The Economic…
Royal Nursing Home Private Limited, renowned for its luxury nursing homes, was honoured as Sri Lanka’s Best Healthcare Provider for 2024 at the People’s Excellency Awards. The award was presented to Operations Managers Mrs. Kushini Kumarasinghe and Miss Ruwanthi Fernando during a ceremony held recently at the Bandaranaike Memorial International Conference Hall (BMICH) in Colombo….
Top News
The Colombo Stock Exchange (CSE) experienced another sharp downturn today (January 6), with the All Share Price Index (ASPI) dropping 170.82 points to close at 15,878.60, marking a significant decline below the 16,000-point threshold. This marks the second consecutive day of losses for the ASPI, following a record-breaking growth streak of 26 days that ended…
Within just the past few years, payments have transformed entirely — tap to pay has become even more prevalent, traditional financial institutions are exploring blockchain, and generative AI is emerging as critical to boosting fraud protection rates by as much as 300%. Borders are no longer barriers to global trade, instant access to earnings is…
Mogo Media Academy, a premier creative education institute, proudly announces its partnership with EDEX Expo 2025 as the Platinum Sponsor. This milestone collaboration marks a significant step in the academy’s mission to inspire and nurture Sri Lanka’s next generation of media and creative professionals. EDEX Expo 2025, Sri Lanka’s largest education exhibition and job fair,…
Spotlight on Key Reforms at the Sri Lanka Economic Summit The Sri Lanka Economic Summit organised by The Ceylon Chamber of Commerce will be inaugurated on January 28th at the Shangri La Hotel Colombo, under the theme Shaping Sri Lanka’s Future: Transformational Growth Rooted in Sound Economic Policies. On day 2 of the Summit on…
The Central Bank of Sri Lanka, acting in terms of the Regulations made under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance, has decided to extend the suspension of Perpetual Treasuries Limited (PTL) from carrying on the business and activities of a Primary Dealer for a further period of six months…
The Sri Lanka Gem and Jewellery Association (SLGJA), in collaboration with the National Gem and Jewellery Authority (NGJA), proudly inaugurated the 31st edition of FACETS Sri Lanka, Asia’s premier gem and jewellery exhibition, on January 4, 2025, at the Cinnamon Grand Hotel, Colombo. This three-day event, running from January 4 to 6, promises to showcase…
Dawn of 2025 brings many expectations to Sri Lankans as the country’s economy showing a promising positive turn. Expansion of Digital Economy is one such expectation. Sri Lanka’s journey toward a robust digital economy is gathering momentum, with the Federation of Information Technology Industry Sri Lanka (FITIS) at the helm of this transformation. With a…
Sri Lanka’s local assembly and automotive component manufacturing sector has become a significant pillar of the nation’s economy, driving job creation, conserving foreign exchange, and fostering technical innovation. Operating under the Ministry of Industries’ Standard Operating Procedure (SOP), the industry currently boasts over 17 assembly plants producing a range of vehicles, including motorcars, SUVs, motorcycles,…
Analysis
By Imesha Dissanayake Introduction Sri Lanka known for its biodiversity and strategic location, is increasingly challenged by the global climate crisis. With rising temperatures, extreme weather, and sea-level rise, the country faces disruptions across key economic sectors, particularly agriculture, tourism, and manufacturing. This article explores how trade policies can integrate climate action to transform vulnerabilities…
A mixed but cautiously optimistic outlook prevails as Budget 2025 approaches Confidence about the economy in corporate circles remains subdued, despite the rise of the LMD-PEPPERCUBE Business Confidence Index (BCI), which perhaps suggests a sense of caution ahead of Budget 2025. According to Pepper-Cube Consultants, the newly elected government has been well received by the…
The index skyrockets for a third consecutive month following the election season The election of a new government has ignited a surge of optimism and speculation about the country’s economic future. Against a backdrop of prolonged economic turbulence, the government’s pledge of change has struck a chord with a business community that’s eager for both…
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