Category Archives: Economy

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…

Banana Tissue Culture Laboratory launched to boost fruit value chain development

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COLOMBO, Sri Lanka, September 2 (ePRESS) — The North Central Provincial Department of Agriculture has opened a state-of-the-art Banana Tissue Culture Planting Material Production Laboratory at the In-Service Training Institute in Maha Illuppallama. The project is supported by the Food and Agriculture Organization of the United Nations (FAO) under the South-South Cooperation (SSC) Programme with…

U.S. Congressional Delegation meets SLPA Management

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COLOMBO, Aug. 28, 2025 (ePRESS) – A staff delegation from the United States Congress’ House Democracy Partnership met with the Chairman and Management Team of the Sri Lanka Ports Authority (SLPA) at its Colombo headquarters to discuss the future of the Port of Colombo. Talks focused on the port’s operations, priorities, ongoing initiatives, and challenges…

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