Building forward: Excello Developers on strategy, stability and future of SL’s construction sector

As global uncertainty affects the local industries, Sri Lanka’s construction sector is making careful adjustments.

How do we plug into India’s future?

In a volatile world, India is emerging as a stable destination for global capital, said Baker Tilly CEO Francesca Lagerberg, to the Times of India last week. Investors are seeking trusted and stable markets and with the correct positioning, India can exceed expectations, she noted.

Foundation.LK’s DiGiSavi digitally empowers 1mn Sri Lankans

Foundation.LK, a not-for-profit initiative dedicated to equipping Sri Lankans with the knowledge, skills and resources to navigate the digital world safely and confidently, officially launched its latest initiative, the DiGiSavi project, at the SLFI Auditorium.

IBH Real Estate marks 6 years

Marking a significant milestone, IBH Real Estate celebrates six years in business this year, reflecting a journey defined by growth, trust and a commitment to excellence within Sri Lanka’s evolving real estate landscape.

Luxury Villas in Asia: Built for boutique hospitality; designed for performance

Luxury Villas in Asia (LVIA), a subsidiary of Nyne Hotels, is rapidly establishing itself as a leading integrated commercial solutions provider for Sri Lanka’s boutique hospitality sector, combining sales, reservations and e-commerce into a single, streamlined platform.

NDB fraud exposes control gaps as losses climb to Rs.13.2bn

A control failure that began beneath the surface has now forced National Development Bank PLC (NDB) to confront a multi-billion-rupee fraud, testing both its governance framework and the broader confidence in the banking system.

Disaster-hit borrowers get credit protection under CRIB relief plan

Sri Lanka’s credit regulator has moved to shield the borrowers hit by Cyclone Ditwah from longer-term financial fallout, introducing temporary relief measures that prevent the disaster-related repayment delays from damaging the credit profiles.

Sri Lanka launches national QR adoption drive; scraps merchant fees for transactions under Rs.5,000

​Sri Lanka officially launched the National QR Payment Adoption Programme yesterday, introducing key measures to accelerate the country’s transition toward a less cash economy, including the complete removal of the merchant discount rate for all LankaQR transactions up to Rs.5,000.

Fitch publishes ‘A(lka)’ rating on WindForce’s proposed debentures

Fitch Ratings has published the National Long-Term Rating of ‘A(lka)’ on WindForce PLC’s proposed senior unsecured redeemable debentures of up to Rs.4 billion.

Week begins on a mixed note

The ASPI edged up as a result of price gains in counters such as DFCC Bank, Cargills and Access Engineering with the turnover crossing Rs. 3.0 Bn. Meanwhile, the S&P SL20 closed in red. High net worth and institutional investor participation was noted in Melstacorp, Tokyo Cement Compan and John Keells Holdings. Mixed interest was observed in Sampath Bank, Lanka Milk Foods and Prime Lands Residencies whilst retail interest was noted in Browns Inve

Modest buying interest pushes yield curve slightly lower

At the start of the week, the secondary market saw modest buying interest, accompanied by low volumes and activity, pushing the yield curve slightly lower.

Vallibel Finance sets course for expansion with Rs. 2.12bn capital raise

In a decisive step to reinforce its financial foundation and fuel its next wave of expansion, Vallibel Finance has unveiled plans to raise approximately Rs. 2.12 billion via a Rights Issue. The capital-raising initiative comes amid a gradually stabilizing economic landscape in Sri Lanka, where financial institutions are increasingly prioritizing resilience, capital adequacy, and forward-looking growth strategies.

Delair Travels rebrands as Delmege Travels

Delair Travels announced its official rebranding as Delmege Travels, marking an important milestone in its growth journey and reinforcing its integration within the Delmege Group’s unified brand identity.

National Bartenders Competition returns

Sri Lanka’s hospitality industry marks a significant milestone with the launch of the 31st National Bartenders Competition, celebrating over three decades of excellence, talent development, and innovation in the art of bartending.

MICCI explores investment opportunities in Sri Lanka

Sri Lanka Board of Investment (BOI) recently held an event to educate members of the Malaysian Indian Chamber Of Commerce And Industry (MICCI) about investment opportunities in the country.

Cargills Bank introduces Sri Lanka’s first Ocean Plastic Debit Card

Cargills Bank has launched the Cargills Bank Ocean Plastic Debit Card, marking the first time such a product has been introduced to the Sri Lankan market.

Altair appoints ‘RMS’ as Facilities Management Partner

The Management Council of Altair, Colombo’s iconic residential and mixed-use development, has appointed Realty Management Services Ltd (RMS) as its new facilities management partner, marking a significant step forward in enhancing operational excellence and the overall resident experience.

Ritzbury honoured with ‘Sri Lanka National Quality Award’

Ritzbury, the chocolate brand from CBL Foods International (Pvt) Ltd., has secured the Sri Lanka National Quality Award (SLNQA) 2023 in the Manufacturing – Large Scale category, winning it for the second time.

SDF appoints Sashi Adele Schaffter as Non-Executive Director

Sarvodaya Development Finance PLC (SDF) has announced the appointment of Sashi Adele Schaffter as a Non-Executive, Non-Independent Director with effect from 2 April 2026.

Commercial Bank expands ‘ComBank Shakthi’ Agency Banking network

The Commercial Bank of Ceylon has further strengthened its focus on delivering a superior customer experience with the expansion of its ‘ComBank Shakthi’ Agency Banking network by22 new outlets across the country, strengthening its commitment to making banking services more accessible to communities beyond the reach of traditional branches.

Dialog Launches ‘GanuDenu QR’, Making Cashless Transfers Free for All with eZ Cash and Dialog Finance

Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, continues to shape Sri Lanka’s digital future by introducing ‘GanuDenu QR’, a QR-based payment solution available via the MyDialog App. Enabling customers to instantly send and receive money through Dialog Finance and eZ Cash accounts, this first-of-its-kind innovation in Sri Lanka extends QR payments beyond merchant transactions, supporting the country’s transition towards a more cashless,

Ideal Motors holds Excellence Awards

The Mahindra Ideal Excellence Awards ceremony, a grand celebration to recognise the dealers and other stakeholders of Ideal Motors, was held at Wave n’ Lake Banquet Hall and Restaurant in Welisara recently.

FitsAir-KOKO offer more flexibility to travellers

KOKO, Sri Lanka’s pioneering buy now, pay later (BNPL) platform, announced a strategic partnership with FitsAir, marking the brand’s entry into the travel sector.

New Anthoney’s Farms powers MasterChef Sri Lanka

New Anthoney’s Farms, the only producer in the country to raise chicken without antibiotics at any stage of production, sponsored MasterChef Sri Lanka as official poultry supplier.

Bairaha Farms wins NCE Gold

Bairaha Farms PLC has been honoured with the Gold award in the Poultry and Livestock Products Sector (Medium Category) at the 33rd Annual Export Awards, organised by the National Chamber of Exporters of Sri Lanka (NCE). This accolade highlights the company’s outstanding contribution to Sri Lanka’s export sector and its strong performance during the year under review.

APB felicitates members on rise as banking leaders

The Association of Professional Bankers (APB) felicitated its distinguished members who have risen to the highest leadership positions in the banking industry, including the chief executive officers of Bank of Ceylon, Housing Development Finance Corporation Bank of Sri Lanka (HDFC) and Regional Development Bank.

Singer-Kapruka collaborate through Partner Central platform

Singer Sri Lanka PLC (SINS) has officially announced a strategic collaboration with Kapruka Holdings PLC (KPHL) to offer its comprehensive range of consumer electronics and homeware through the Kapruka Partner Central platform.

DFCC Bank introduces Winner savings account

DFCC Bank introduced the Winner savings account, which offers a higher return without requiring customers to lock themselves into rigid conditions.

Hayleys Mobility unveils Kaiyi Flagship Store

Hayleys Mobility Limited officially opened its Kaiyi Flagship Store at No. 75 Arnold Ratnayake Mawatha, Colombo 10, offering the customers a new, conveniently located destination to explore the next generation mobility solutions. The store is designed to deliver a seamless customer journey, from vehicle exploration and test drives to expert guidance on performance and features, allowing the customers to gain first-hand insight into after-sales ca

Tourist arrivals plunge 20% in March as Middle East crisis disrupts global transit routes

Sri Lanka’s tourism sector suffered a sharp reversal of fortunes in March, with international arrivals plunging 19.7 percent year-on-year to 183,979 as the escalating conflict in the Middle East severely disrupted global aviation networks.