Vallibel Finance to raise  Rs. 2.1bn in second rights issue to support lending growth

Vallibel Finance PLC is turning to its shareholders once again to fund its next growth phase, announcing a Rs. 2.12 billion Rights Issue.

Blue Arc to build Sri Lanka’s first containerised substation facility for global markets

Sri Lanka is moving up the electrical infrastructure value chain, with the Board of Investment (BOI) facilitating Blue Arc Manufacturing to establish the country’s first specialized containerised substation assembly operation aimed at global export markets.

Amana Bank posts record 2025 profit as earnings surge on SME-driven growth

Amana Bank reported its strongest financial performance since inception, with profit before tax (PBT) rising 47percent to Rs. 4.1 billion in 2025, driven by robust financing growth and improved operational efficiency, the bank said.

Selling pressure rises as geopolitical tensions weigh on sentiment

Amidst a re-escalation of tensions in the Middle East, secondary market investors once again adopted a selling stance yesterday, despite subdued activity levels, resulting in only moderate volumes.

Indices close on a negative note

Indices closed in red as a result of price losses in counters such as Hatton National Bank, Melstacorp and Commercial Bank with the turnover crossing Rs. 3.2 bn.

Home Lands breaks ground on Canterbury Crest Resort Apartments

Market leader Home Lands has officially begun the development of Canterbury Crest Resort Apartments, following the ceremonial groundbreaking and foundation stone laying.

CFA Society Sri Lanka’s Career Fest 2026 today

CFA Society Sri Lanka’s Career Fest 2026, a flagship career initiative held in alignment with CFA Institute’s Global Career Month 2026 and marking the 25th anniversary of CFA Society Sri Lanka, takes place today from 9:30 a.m. to 2:30 p.m., at Courtyard by Marriott Colombo, Colombo City Centre.

DFCC Bank releases 13th integrated annual report

DFCC Bank PLC has released its 13th integrated annual report for the financial year ended December 31, 2025, titled ‘A Defining Leap in Customer-Centric Banking’.

HNB Finance-Hayleys Mobility strengthen EV ecosystem

HNB Finance PLC has entered into a strategic partnership with Hayleys Mobility Limited to support the expansion of Sri Lanka’s new energy vehicle (NEV) market through accessible, practical and customer-focused financing solutions.

SLIC donates Rs.10mn to Rebuild Sri Lanka Fund

SLIC donated Rs.10 million to the Rebuild Sri Lanka Fund in support of the families affected by the recent Ditwah cyclone.

NDB Bank hosts Analysts Earnings Call on FY 2025 financial results

National Development Bank PLC (NDB) conducted its Analysts Earnings Call recently, following the release of the financial results and annual report for the full year ended December 31, 2025.

Janashakthi Life-People’s Bank strengthen bancassurance collaboration

Janashakthi Life entered into a strategic partnership with People’s Bank through the signing of a memorandum of understanding, strengthening the bancassurance services in Sri Lanka.

The missing half – Bridging the gap in boardrooms

My mind travels back to a turbulent time in the early 1990s. Universities were closed amidst a youth insurgency. I had just gained admission to read for a Bachelor’s degree in Biological Sciences at the University of Colombo.

Cornell University students visit Brandix to explore future of apparel

A group of students from Cornell University, New York, USA, recently stepped beyond the classroom and into the world of apparel manufacturing through a visit to Brandix and its facilities across Sri Lanka in January.

Sarrah Sammoon appointed as IMC Field Officer for Sri Lanka

Following her recognition in August 2025 as the first Sri Lankan to receive the prestigious Certification in Investment Migration, Sarrah Sammoon has now been appointed as Field Officer for Sri Lanka by Switzerland-based Investment Migration Council (IMC)—the global body that sets standards for the investment migration industry.

Melsta Hospitals-NITF expand healthcare access for Agrahara beneficiaries

Melsta Hospitals, a reputed healthcare provider serving the Colombo and Gampaha districts and a fully-owned subsidiary of Melstacorp PLC, has officially entered into a transformative partnership with the National Insurance Trust Fund (NITF), to provide enhanced medical benefits to the beneficiaries of the Agrahara insurance scheme.

CSE slides sharply amid renewed geopolitical uncertainty

The Colombo Stock Exchange witnessed a notable downturn on 26th March 2026, as renewed uncertainty surrounding developments in the Middle East weighed heavily on investor sentiment. Following two consecutive sessions of strong gains, the market reversed course, with selling pressure dominating throughout the session and driving the indices sharply lower.

Porsche Centre Colombo opens new service facility to support electric and hybrid models

Eurocars Pvt Ltd, the authorised importer for Porsche AG vehicles in Sri Lanka and a subsidiary of IWS Holdings, has opened a new service facility at Porsche Centre Colombo to improve after-sales services for customers and support the growing number of electric and hybrid luxury vehicles in the country.

Central Bank resists rate hike

The Central Bank left its key policy rate, the Overnight Policy Rate, unchanged at 7.75 percent yesterday, at its second policy meeting for the year.

Asia Capital to take full control of Wadduwa Resorts in Rs.75mn deal

Asia Capital PLC has agreed to acquire a 22.13 percent stake in Wadduwa Resorts (Private) Limited, for Rs.75 million, paving the way for full ownership of the leisure property.

Sri Lanka targets 300,000 Chinese tourists this year to partially offset downturn in European arrivals

Sri Lanka is banking heavily on the Asian region, particularly China, to buffer a massive hit to the European tourist arrivals stemming from the ongoing geopolitical crisis in the Middle East.

Experts warn Sri Lanka against tax-first approach in casino push

​As Sri Lanka looks to integrated resorts to bolster its economic recovery and attract foreign customers, the international gaming experts caution that establishing a robust regulatory framework must precede revenue-focused taxation.

Tea shipments slip in February as rupee FOB gains offset decline

The tea exports declined marginally in February 2026, although the stronger rupee-denominated prices helped lift the earnings, according to the data compiled by Forbes & Walker Research.

ComBank, ‘People’s Private Bank’ for 4th year running

Reaffirming the continued love, trust and unwavering support of the people of Sri Lanka, Commercial Bank of Ceylon has once again been voted the ‘People’s Private Banking Services Brand of the Year’, securing this coveted title for the fourth consecutive year at SLIM Kantar People’s Awards 2026 and retaining its standing as the most popular private sector bank in Sri Lanka.

Yield curve sees mixed activity and heavy volumes amidst foreign selling

The secondary market yield curve showed mixed activity throughout the day.

Indices continue to close in green

Indices closed in green as a result of price gains in counters such as Commercial Bank, Hatton National Bank and Melstacorp with the turnover crossing Rs. 6.4 Bn. High net worth and institutional investor participation was noted in Melstacorp, Lanka Milk Food and Singer Sri Lanka. Mixed interest was observed in ACME Printing & Packaging, Softlogic Capital and Colombo Dockyard whilst retail interest was noted in Industrial Asphalts, Tess Agro and

Prime Group’s YOLO receives BOI approval with US $ 52.5mn investment

Prime Group’s YOLO has received the Board of Investment (BOI)-approved project status, recognising the development’s strong potential to drive economic development and attract foreign investment, delivering strong urban appeal.

Sampath Bank Champions SME Women Entrepreneurs Through the ‘Unstoppable Woman’ Programme

Sampath Bank proudly celebrated International Women’s Day 2026 under the theme “Unstoppable Woman,” honoring the resilience, strength, and achievements of women-led SMEs. Hosted at the Cinnamon Grand Colombo, the event brought together over 100 participants, including distinguished speakers and valued customers.

SEC and CSE strengthen role of Watchlist company auditors

The Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) jointly organised an awareness session recently, for auditors of companies which are currently on the CSE Watchlist.

Cargills Bank ‘Wasi Litha’ offers wonderful savings for Avurudu

As the ‘Punyakalaya’ approaches and the sound of the ‘koha’ fills the air, Cargills Bank is back with its promise of unprecedented savings, adding even more joy and financial flexibility to the Sinhala and Tamil New Year celebrations. True to its ethos, the bank is making this Avurudu a truly memorable one for all its Credit Cardholders, blending traditional spirit with modern convenience.