Category Archives: Economy

IMSL launches National Management Excellence Awards 2025

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COLOMBO, Sept. 3, 2025 (ePRESS) – The Institute of Management of Sri Lanka (IMSL), the country’s apex professional body for management, has launched the National Management Excellence Awards (NMEA) 2025 to honor top-performing organizations. Applications are now open for companies across all industries to compete for recognition as leaders in management excellence. Founded in 1986,…

Double win for People’s Bank at BestWeb 2025 Awards

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COLOMBO, Sri Lanka, September 3, 2025 (ePRESS) — People’s Bank reaffirmed its digital strength by winning two major titles at the prestigious BestWeb.LK 2025 Awards, organised by the LK Domain Registry. The Bank’s official website, www.peoplesbank.lk , was named the Most Popular Banking Website and also secured the Silver Winner award in the Best Banking…

Selling storm drags market down

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COLOMBO, Sept. 3 (ePRESS) – The Colombo Stock Exchange closed weaker on Tuesday after a volatile day of trading, with selling pressure dragging the main index down. The All Share Price Index (ASPI) slipped 15 points to finish at 20,976. The index showed strength in early trading but later came under heavy profit booking. It…

Materials sector drives turnover as ASPI dips

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COLOMBO, Sept 2, 2025 (ePRESS) – The Colombo Stock Exchange closed lower on Tuesday as profit-taking in banking and conglomerate counters weighed on sentiment, but the materials sector emerged as the star performer, driving market turnover. The All Share Price Index (ASPI) slipped 72 points to end at 20,991, dragged down mainly by Ceylon Tobacco…

AIA Sri Lanka, MDRT Foundation back disability empowerment drive

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COLOMBO, Sept 2, 2025 (ePRESS) – AIA Insurance Sri Lanka, together with the Million Dollar Round Table (MDRT) Foundation, has extended strong support to The Shiranee Joseph de Saram Foundation, an organisation dedicated to empowering individuals with disabilities in Sri Lanka. The official cheque handing-over ceremony was held at the AIA Head Office. Present were…

Central Bank and ComBank push cashless future in Dambulla

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DAMBULLA, Sri Lanka, September 2 (ePRESS)– The Commercial Bank of Ceylon has reaffirmed its role as a leader in digital payments by actively promoting QR transactions at the Central Bank of Sri Lanka’s (CBSL) “Pay Digital Dambulla” campaign. The event took place at the Dambulla Dedicated Economic Centre, one of the busiest wholesale and retail…

PMF Finance turns around to profits after years of struggle

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COLOMBO, Sri Lanka, September 2 (ePRESS) – PMF Finance PLC has staged a remarkable comeback, transforming from a loss-making company into a profitable financial institution. When Chandula Abeywickrama became Chairman in 2019, the company was in crisis. It had recorded a Rs. 93 million loss, its assets stood at only Rs. 2.8 billion, and depositors…

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