Lasith Nanayakkara Takes Charge as CIO of National Savings Bank
National Savings Bank (NSB) has appointed Lasith Nanayakkara as its new Chief Information Officer (CIO) and IT Deputy General Manager, effective October 1.
Industry Analysis
Forex Market
US Dollar Falls Below Rs. 300 for the First Time
The selling rate of the US dollar has fallen below Rs. 300 for the first time since June 8, 2023, reaching Rs. 299.35
Educational Opportunities
CSE Celebrates ADFM Graduates’ Achievements
Colombo Stock Exchange Celebrates Graduation of Advanced Diploma in Financial Markets Students The Colombo Stock Exchange (CSE) held a ceremony on September 30,
Industry Analysis
Singer Sri Lanka Wins FAPRA Award for Innovative Retail Concept
Singer Sri Lanka has been awarded the Most Innovative Retail Concept Award for 2023/2024 by the Federation of Asia-Pacific Retailers Association (FAPRA). This
Finance
People’s Bank Enhances Services for Migrant Workers on World Children’s Day
On October 1, 2024, People’s Bank marked World Children’s Day by relaunching its ‘Ethera Udana Minors’ Foreign Currency Account, now equipped with new
Industry Analysis
Amana Bank Declares Record Dividend for Seventh Straight Year
Amana Bank has declared its seventh consecutive annual dividend, marking its highest payout to date, totaling Rs. 661 million. This represents a significant
Business
Tea Sales Average Rises by US $0.06 in September 2024
The national tea sales average for September 2024 reached Rs.1,207.99 (US $ 4.04), marking an increase of Rs.19.50 and US $ 0.06 compared
Economics
CBSL Forecasts Ongoing Deflation Amid Price Cuts and Improved Supply
The Central Bank of Sri Lanka (CBSL) anticipates that deflationary trends will continue in the coming months before inflation gradually aligns with the
Forex Market
Sri Lankan Rupee Weakens to 296.40/80 Against US Dollar, Bond Yields Decline
Sri Lanka’s rupee weakened on Wednesday, closing at 296.40/80 against the US dollar, compared to 294.75/295.00 from the previous day. Meanwhile, bond yields
Economics
IMF Meets Sri Lanka’s New Economic Team for Future Collaboration
Sri Lanka’s newly elected President Anura Dissanayake’s economic team held its first meeting with an International Monetary Fund (IMF) delegation. The discussions, which