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Sierra Cables expands to Maldives in strategic partnership with ASK Holdings

Latest news, analysis and opinions from the Daily FT, Sri Lanka s only national business newspaper. .. ....

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Keells join forces with customers and partners to provide relief to vulnerable communities

The on-going economic crisis in the country has left many Sri Lankans struggling to make ends meet. ‘Together for a Better Tomorrow’ the Keells community outreach program started in May 2022 and has thus far provided essential packs to over 5,000 individuals spread across the country such as Gampola, Matara, Monaragala, Jaffna, Kalutara, Hambanthota, Ampara, […] ....

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NCPI based headline inflation recorded at 58.9% on year-on-year basis in June 2022

Headline inflation, as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 increased to 58.9% in June 2022 from 45.3% in May 2022. This increase in Y-o-Y inflation was driven by the monthly increases of both Food and Non-Food categories. Accordingly, Food inflation (Y-o-Y) increased to 75.8% in June 2022 […] ....

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Stock investors turn nervous; turnover dips below Rs. 1 billion level

By Hiran H.Senewiratne The CSE was somewhat volatile yesterday following the previous day’s operation by the security forces in close proximity to the Presidential Secretariat. Stock market investors were considerably panicky and profit- takings were noted consequentially, stock market analysts said. Sri Lanka’s nation-wide inflation rose 58.9 per cent in the 12-months to June 2022; […] ....

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Veteran banker Lakshman Silva joins Seylan Bank Board

Seylan Bank PLC recently announced the appointment of Lakshman Silva as an Independent Non-Executive Director to its Board of Directors with effect from 18 July 2022. No stranger to the banking industry, Silva is well-known for his invaluable service leading DFCC Bank PLC and its subsidiaries for over three decades. He also served as the […] ....

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