Asia Asset Finance delivers strong 3Q performance with robust asset growth, profitability gains

Asia Asset Finance PLC (AAF) recorded a strong financial and operational performance for the third quarter ended December 31, 2025, demonstrating sustained balance sheet expansion, improved profitability and strengthened risk buffers amid a competitive and evolving financial sector landscape.

HNB Finance crosses Rs. 1 bn PAT mark in 9 months, up 152% YoY

HNB Finance PLC reported a Profit After Tax (PAT) of Rs. 1.15 billion for the nine months ended 31 December 2025, up 152 percent year-on-year, first time the company surpassed one billion mark in nine months performance. Profit Before Tax (PBT) increased 209 percent to Rs. 1.88 billion, supported by stronger core income and balance sheet growth.

SLID concludes high-impact session on directors’ accountability under PDPA

The Sri Lanka Institute of Directors (SLID) successfully concluded its high-level executive session titled “Your Data. Your Risk. Your Responsibility.” – Director’s Accountability under Sri Lanka’s Personal Data Protection Act (PDPA) at Cinnamon Grand, Colombo recently.

People’s Bank recognises ‘BizTeen’ winners; launches ‘YES TEEN’ Account

People’s Bank, recently held the awards ceremony for winners of People’s ‘BizTeen’ Entrepreneurship Challenge 2025 organized in partnership with the Industrial Development Board (IDB) of Sri Lanka, at a grand ceremony held at the People’s Tower Auditorium, Colombo 02.

Bangkok’s ‘Charcoal’ ignites Colombo’s dining scene with ‘fun dining’ concept at Twin Peaks

Bangkok-based Soho Hospitality is set to make its South Asian debut this March with the opening of ‘Charcoal Tandoor Grill’ at Colombo’s Capitol Twin Peaks, a venture that promises to disrupt the local hospitality landscape through a strategic partnership with construction giant Sanken and entertainment icons Bathiya and Santhush. Positioned on the 50th floor of the Twin Peaks residential complex, the restaurant aims to fill a critical vacuum in

Shangri-La Colombo welcomes Lunar New Year

As the Lunar New Year arrived, Shangri-La Colombo welcomed the Year of the Horse with a celebration inspired by vitality, optimism, and the strength to move confidently toward new horizons.

Belluna Lanka launches ‘Project Granbell Ella’ in partnership with Sanken Overseas

Belluna Lanka Pvt Ltd., the South Asian anchor of Belluna Co. Ltd., Japan, together with Sanken Overseas (Private) Limited, has formally launched Project Granbell Hotel Ella, a planned hospitality development located in Sri Lanka’s Uva Province.

IMF Chief calls for accelerated recovery and rural revival

In a rare high-level engagement, IMF Managing Director Kristalina Georgieva met President Anura Kumara Dissanayake yesterday at the Presidential Secretariat, which affirmed the international lender’s commitment to Sri Lanka’s economic recovery and long-term growth.

Sri Lanka seeks fresh Japanese investment via export corridor targeting Indian market

Sri Lanka is seeking to revive Japanese manufacturing investment through a proposed export-industrial corridor aimed at positioning the island as a regional production hub for Indian and other export markets, officials said after a high-level Japanese delegation met President Anura Kumara Dissanayake yesterday.

Pan Asia Bank kicks off December earnings with modest performance

Kicking off the December quarter banking sector earnings, Pan Asia Banking Corporation PLC reported modest financial performance for the three months ended in December 2025 on the back of a strong credit growth in the economy.

UK-SL talks put spotlight on textile exports, tourism and post-cyclone recovery

The United Kingdom’s Deputy Prime Minister, David Lammy, met President Anura Kumara Dissanayake yesterday to discuss trade, investment, and post-cyclone recovery, with a focus on sectors critical to Sri Lanka’s economic stabilisation.

MoC inked to strengthen business links

Sri Lanka and Japan signed a Memorandum of Cooperation (MoC) on economic policy dialogue this week at the Finance Ministry.

WSO2 launches ‘Fair Pricing for Governments’ Initiative 

Tech entity WSO2 yesterday announced the launch of a new ‘Fair Pricing for Governments’ initiative, aimed at supporting public-sector organisations’ worldwide access to high-quality, ethical digital services at prices aligned with local economic realities.

Port City Colombo says 2026 Act amendments will boost investor clarity, ease of doing business

The 2026 amendments to the Colombo Port City Economic Commission (CPCEC) Act mark a shift in Sri Lanka’s regulatory framework for the Colombo Port City special economic zone, aimed at improving governance, streamlining oversight and providing greater certainty for large-scale international investment, Port City Colombo said.

Indices edge down

The ASPI edged down as a result of price losses in counters such as C T Holdings, Pan Asia Banking Corporation and Diesel & Motor Engineering with the turnover crossing Rs. 4.2 bn.

Selling pressure builds on long tenors

Yesterday, the 2029 segment saw mixed trading activity, while selling pressure emerged on the long tenors.

EDB-Riyadh Embassy-SFDA conduct webinar on export registration procedures to Saudi Arabia

The Sri Lanka Export Development Board (EDB), in collaboration with the Embassy of Sri Lanka in Riyadh and the Saudi Food and Drug Authority (SFDA), successfully conducted an informative webinar on the registration procedures and regulatory requirements for exporting products to the Kingdom of Saudi Arabia (KSA), with the participation of over 90 Sri Lankan export companies.

PMF Finance posts strong 9-month results

PMF Finance PLC has reported a significant improvement in its financial performance for the nine months ended December 31, 2025, underscoring the company’s resilience and growth momentum in a challenging economic environment.

HNB relocates Bandaragama customer centre

HNB PLC marked another milestone in its legacy of industry leadership with the ceremonial opening of its newly relocated Bandaragama Customer Centre at 111, Horana Road, Bandaragama.

DFCC Bank achieves top honours at CIPM Great HR Quiz

DFCC Bank announced its achievement of First Place in the Banking Sector and recognition as Overall Second Runners-Up at the Great HR Quiz organised by the Chartered Institute of Personnel Management (CIPM).

99x wins Gold at 33rd NCE Awards

99x, a global leader in product engineering, has once again strengthened its position as one of Sri Lanka’s leading technology exporters by securing the Gold award in the Extra-Large Category, under the ICT, BPO and Related Services Sector, at the 33rd National Chamber of Exporters (NCE) Awards.

Toyota Lanka expands Sure concept to Ratmalana and Kandy

The Toyota Sure concept, which was officially introduced by Toyota Lanka in 2019 and was launched in the Wattala branch, has been expanded with its second new showroom in Ratmalana, bringing certified Japan Domestic Toyota vehicles through a carefully selected, inspected and fully certified mobility experience.

Union Bank empowers entrepreneurs

As part of the Union Bank School of Social Entrepreneurship initiative, Union Bank partnered with the University of Moratuwa and National Innovation Agency to upskill and empower SMEs, under the National Entrepreneurship Development Programme (NEDP).

SriLankan Cargo secures IATA CEIV Live Animals Certification

SriLankan Cargo, the air freight arm of SriLankan Airlines, has secured another regional first by becoming the first airline in South Asia to be awarded the Centre of Excellence for Independent Validators (CEIV) for Live Animals Logistics Certification from the International Air Transport Association (IATA).

Sri Lanka shines with Bronze at Young Chef Olympiad 2026

The 12th edition of the Young Chef Olympiad 2026 (YCO26) recently concluded in Kolkata, India, with Sri Lanka proudly claiming the Bronze trophy at this prestigious global culinary competition.

Tantri-Mercy Education Campus launch industry-led skill development initiative

Tantri Trailers (Pvt.) Ltd, one of Sri Lanka’s leading industrial manufacturing companies, has entered into a strategic memorandum of understanding (MoU) with the Mercy Education Campus, Puttalam, to strengthen industry-aligned technical education and enhance youth employability across the country.

Lanka Bio Fertilizers-Market Development Facility extend partnership

Lanka Bio Fertilizers (Pvt.) Ltd (LBF), one of Sri Lanka’s leading manufacturers and distributors of next-generation fertilisers, recently formalised the extension of its strategic partnership with the Market Development Facility (MDF), at an agreement signing ceremony attended by the senior representatives of both organisations.

First Capital designates February as Month of Sustainability and Wellbeing

First Capital Holdings PLC has announced February as its Month of Sustainability and Wellbeing, reaffirming the group’s commitment to responsible growth by placing equal emphasis on environmental stewardship, social responsibility and employee well-being.

Sri Lanka greets IMF Chief Georgieva

International Monetary Fund (IMF) Managing Director Kristalina Georgieva arrived in Sri Lanka yesterday on what is a landmark visit, combining urgent disaster assessment with a high-profile economic mission.

Vidullanka and WindForce lead US $ 21bn battery storage rollout under CEB initiative

The Ceylon Electricity Board (CEB) yesterday awarded contracts to Vidullanka PLC and WindForce PLC to develop standalone battery energy storage system (BESS) projects, marking a significant step in Sri Lanka’s first-ever grid-scale BESS initiative.