Sri Lanka’s CPI Up 2.4% in July; 22-Month Inflation Rises 2.8%
Sri Lanka’s consumer prices in the capital Colombo increased by 2.4% in the 12 months to July 2024. However, the central bank’s deflationary
Economics
Stock Market
Colombo Stock Market Hits Four-Month Low as ASPI Falls
The Colombo stock market’s downturn continued yesterday, with the benchmark ASPI index hitting a four-month low amid subdued trading activity. The ASPI dropped
Finance
DFCC Bank Offers 0.5% Additional Interest on Fixed Deposits via Online Banking
As a pioneer in the digital banking revolution in Sri Lanka, DFCC Bank is empowering its customers with an additional 0.5% interest on
Economics
Port City Economic Act Amendments Approved to Boost Global Competitiveness
The Cabinet of Ministers has approved a proposal from the President, in his capacity as the Minister of Investment Promotion, to instruct the
Tech Industry
SLT-Mobitel Nebula Institute Becomes 10th IET On Campus Chapter
The SLT-Mobitel Nebula Institute of Technology has been recognized as the 10th IET On Campus Chapter through a partnership with the Institute of
Educational Opportunities
ACCA and Colombo Stock Exchange Sign MoU to Enhance Financial Education and Employability
The Association of Chartered Certified Accountants (ACCA) and the Colombo Stock Exchange (CSE) have signed a Memorandum of Understanding (MoU) to collaborate on
Finance
Government to Issue New Gazette for Rs. 1,700 Wage for Plantation Workers
The government is set to implement the Rs. 1,700 daily wage for plantation workers by issuing a fresh gazette within the first two
Finance
JKH Reports Rs. 7.7 Billion EBITDA but Suffers Rs. 868 Million Loss in 1Q FY25
Top blue-chip company John Keells Holdings Plc (JKH) reported an EBITDA of Rs. 7.7 billion for the first quarter of FY25, marking a
Business
Melco Resorts Invests $1 Billion in Colombo’s ‘City of Dreams’ Project
Melco Resorts and Entertainment is making a significant investment in Colombo with its new $1 billion project, ‘City of Dreams Sri Lanka,’ aiming
Business
CPA Australia Explores New Collaborations with Sri Lankan Institutions
A delegation from CPA Australia, a leading global accounting body, has visited Sri Lanka to explore potential collaborations with local government bodies, professional