Fintrex Finance and APTS implement Nimble Core Banking System

A remarkable milestone in digital transformation has been achieved with the successful implementation and Go-Live of a new Core Banking System for Fintrex Finance, led by APTS as the local implementation partner. This achievement marks the beginning of a new platform for innovative, agile, and efficient financial services.

Lankatiles opens 60th showroom

Lankatiles marked a significant milestone with the opening of its 60th showroom recently. The new showroom brings contemporary luxury, world-class tile designs and its signature double-fired premium tiles closer to customers in Colombo’s urban hub.

Sri Lankan ICT companies gain European market exposure

Sri Lanka’s Information and Communication Technology (ICT) sector marked another significant milestone in its global expansion, as five Sri Lankan technology companies successfully participated in a European market exposure programme under the Sri Lanka Export Development Board (EDB) - Import Promotion Desk Germany (IPD) project.

Ceylon Chamber leads high-level corporate delegation to India for Business Forum

The Ceylon Chamber of Commerce will lead a senior corporate delegation to Mumbai for the India–Sri Lanka Business Forum tomorrow (13 May), held in partnership with the Confederation of Indian Industry (CII).

Muted market ahead of T-bond auction

Ahead of the T-bond auction to be held by the PDMO today, the secondary market saw sluggish movement during the day.

Week begins with foreign buying

The ASPI closed in red as a result of price losses in counters such as Ceylinco Holdings, Commercial Bank and DFCC Bank with the turnover crossing Rs. 4.9 Bn. A similar behaviour was witnessed in the S&P SL20. Crossings were witnessed in Seylan Bank, Ceylon Land & Equity and Digital Mobility Solutions Lanka, accounting for 60.5% of the turnover.

India’s Durga Infra raises stake in Hatton Plantations to 12.5% following Rs.262mn share purchase

Hatton Plantations PLC this week saw its parent company Lotus Renewable Energy (Private) Limited sell over 10.24 million of its shares to Durga Infra (Pvt.) Ltd.

War shock-driven loan provisions weigh on DFCC March quarter profit

DFCC Bank PLC reported earnings of Rs.3.90 a share or Rs.1.71 billion for the quarter ended March 2026, compared to Rs.6.41 a share or Rs.2.82 billion in the year earlier period, as higher loan loss provisions and mark-to-market losses on equity investments weighed on profitability.

SL-India discuss fresh reconstruction push under US $ 450mn package

Sri Lanka and India are looking to further strengthen bilateral ties through a proposed US $ 450 million post-conflict reconstruction package discussed during a high-level meeting between the two countries on Saturday, according to the Finance Ministry.

Para-tariff reduction plan seen as boost for long-term competitiveness

The proposed para-tariff reductions are an important signal of changing policy thinking in the country, asserted Institute of Policy Studies Executive Director Dr. Dushni Weerakoon.

NDB exits Seylan Bank stake through Rs.2.77bn market transaction

National Development Bank PLC (NDB) disposed of its entire 26.63 million share stake in Seylan Bank PLC, at Rs.104 per share, through a transaction executed on the Colombo Stock Exchange (CSE), marking its exit from what it described as a “non strategic investment”. In a corporate disclosure to the CSE, NDB said the disposal involved 26,631,495 Seylan Bank shares and was carried out in line with the bank’s strategy to exit a non-strateg

Thayalan Bartlett on Campaign Asia-Pacific’s 50 Over Fifty 2026 list

MullenLowe Group Sri Lanka Executive Chairman Thayalan Bartlett has been recognised in Campaign Asia-Pacific’s inaugural 50 Over Fifty 2026 list, becoming the only Sri Lankan named among a select group of senior marketing, media and communications professionals from across the region.

Indian dominance highlights early May tourist arrivals as focus shifts to Asia

Sri Lanka welcomed 28,578 tourists during the first six days of May 2026, with India leading the arrivals as the local tourism sector shifts its focus toward Asian markets to offset disruptions in European travel.

Foreign reserves fall by US$ 295mn in April as war-driven oil shock pressures external sector

Sri Lanka’s foreign currency reserves fell by US$ 295 million in April, reflecting mounting pressure on the country’s external sector from higher oil import costs and slowing inflows from exports and tourism as the Iran war disrupted global trade and energy markets

CDF Duty Free at Port City eyes indian luxury spenders as traveller footfall tops 120,000

China Duty Free (CDF) at Port City Colombo is strategically targeting the high-net-worth Indian demographic for its next phase of exponential growth, having successfully surpassed the milestone of serving 120,000 travellers.

Remittances hold firm despite Iran war shock rippling through Mideast

Sri Lankan workers abroad continued to support the country’s fragile external sector in April, with remittance inflows remaining robust despite concerns that the escalating Iran war could disrupt labour markets across the Middle East, a key destination for Sri Lankan migrant workers.

Vietjet Air announces direct flights from Colombo to Ho Chi Minh City commencing mid August 

Vietnamese new-age hybrid airline Vietjet Air officially announced its first direct flight service connecting Colombo and Ho Chi Minh City during the Sri Lanka – Vietnam Trade, Investment and Tourism Cooperation Forum held in Colombo last week.

March private sector credit accelerates to Rs.258bn

Credit to Sri Lanka’s private sector accelerated sharply in March, nearing the record levels seen late last year, amid signs that borrowers may have rushed to secure financing before interest rates rose further following the outbreak of the Iran war and the resulting strain on macroeconomic conditions.

CEPA conference culminates with economic policy push for inclusive growth and resilience

The Centre for Poverty Analysis (CEPA) marked its 25th anniversary with the inauguration of the international conference on ‘Poverty and Development in Times of Crisis’, held at Cinnamon Grand Colombo, on May 7 and 8, 2026.

LB CIM brings doctor channelling services to app with e-Channeling

LB CIM, the flagship digital lifestyle application powered by LB Finance PLC, has entered a strategic partnership with e-Channeling PLC, Sri Lanka’s leading digital healthcare platform, to offer doctor channelling services directly through the LB CIM app.

Prime Constructions achieves ISO 9001:2015 certification

Prime Constructions (Pvt.) Ltd, the construction arm of the real estate leader Prime Group, has achieved the ISO 9001:2015 certification, a milestone showcasing the company’s steadfast commitment to quality, trust and internationally recognised standards.

CCC-Mineral Technologies Australia to host Mineral Sands Technical Conference

As Sri Lanka looks to better position its mineral sands resources within a globally competitive and responsibly developed industrial framework, The Ceylon Chamber of Commerce (CCC) will host a one-day Technical Conference on the mineral sands sector on June 17, at Galle Face Hotel, Colombo, from 9:00 a.m. to 5:00 p.m.

Sri Lanka Insurance Corporation General surpasses Rs.30bn GWP

Sri Lanka Insurance Corporation General Limited (SLICGL) has achieved a historic milestone, becoming the first general insurance (GI) company in Sri Lanka to surpass Rs.30 billion in gross written premium (GWP).

Hapag Lloyd Lanka recognised as an industry leader

At the awards ceremony organised by the Institute of Chartered Shipbrokers (ICS) (UK) – Sri Lanka Branch, Hapag‑Lloyd Lanka, a subsidiary of Aitken Spence PLC and the local representative of Hapag‑Lloyd AG, Hamburg, was recognised with two Customer Service Awards for excellence in the Europe and Mediterranean trades.

George Steuart Insurance Brokers shuffles board

In a move aimed at strengthening its corporate structure and long-term plans for the future, George Steuart Insurance Brokers (Pvt.) Ltd (GSIB) appointed T.S. Arulanandan (Arul) as its Managing Director and Principal Officer, effective from April 1, 2026.

Siyapatha Finance unveils 62nd branch in Horana

Siyapatha Finance PLC recently unveiled its newest branch in Horana, successfully expanding its islandwide branch network to 62 branches.

Ministry of Brands opens second outlet at One Galle Face Mall

Ministry of Brands (MOB), Sri Lanka’s first off-price retailer, has officially opened its second outlet at One Galle Face Mall, marking another major milestone in the company’s rapid expansion since launching earlier this year.

WEBXPAY appoints Nemantha Abeysinghe to strengthen board and corporate governance

WEBXPAY (Private) Limited, a leading digital payments and financial solutions provider in Sri Lanka, has announced the appointment of Nemantha Nilhan Abeysinghe as an Independent Non-Executive Director to its board, effective April 10, 2026.

Sri Lanka’s elevated risk profile to trigger higher tariffs in future state energy tenders

Sri Lanka’s renewable energy sector is warning of a severe long-term fallout from the ongoing financial crisis, cautioning that the government’s blatant disregard for the existing payment agreements will drastically drive up the cost of future clean energy projects.

Preparedness uneven as Sri Lankan corporates face rising global shocks

The Sri Lankan corporates are better prepared for external shocks than they were during the 2022 crisis but significant gaps remain, particularly in scenario planning and deep risk analysis, Association of Chartered Certified Accountants (ACCA) Chairman Chaaminda Kumarasiri said.