NDB reports institutional all-time high PAT of Rs. 4.2 bn for 1H25

National Development Bank PLC released results for six-month period ended June 30, 2025 reporting a total operating income and pre-tax profit of Rs. 22.3 billion and Rs. 8.6 billion, respectively (H1-2024: Rs.

ComBank creates history in 2Q as first private sector bank with assets of Rs. 3 trn

The Commercial Bank of Ceylon has become the first private sector bank in Sri Lanka to surpass Rs. 3 trillion in assets, a milestone achieved in the second quarter of 2025 on the back of solid growth in key

Secondary market sees limited activity amid mixed yield movements

Echoing the previous day’s subdued tone, the secondary market saw mixed movements amid low trading volumes yesterday.

ASPI drops after five consecutive days of gains

The ASPI closed in red as a result of price losses in counters such as Hayleys, Sampath Bank and Central Finance Company with the turnover crossing Rs. 7.0 bn.

Cargills Bank posts profit after tax Rs.240mn for 1H 2025

Cargills Bank’s results for the six months ended June 30, 2025 reflected an increase of Rs.104 million in profitability when compared to the corresponding period in 2024, posting a profit after tax of Rs.240 million

Ambeon Group reports strong 1Q 2025/26 performance with significant profit growth

Ambeon Capital PLC, the investment holding company of the Ambeon group, reported a profit after tax (PAT) of Rs.731 million, making a significant profit growth compared to the PAT of Rs.83 million in the

Colombo Dockyard delivers Misje Lily to Norway

Colombo Dockyard PLC recently delivered the eighth vessel in the 5000 DWT Eco Bulk Carrier series, named Misje Lily, to Misje Eco Bulk AS of Norway, marking another milestone in this successful long-term

CRIB hosts Annual General Meeting for 2024

The Credit Information Bureau of Sri Lanka (CRIB) convened its Annual General Meeting (AGM) for the year 2024 recently via an online platform.

Saram Auto and Marine Solutions win National Industry Brand Excellence Awards

Saram Auto Industries and Saram Marine Solutions have been honoured as the Best National Industry Brand – Small Scale in the Maritime and Shipping Related Industry Sector at National Industry Brand

John Keells Properties reaches major construction milestone at Viman Ja-Ela

John Keells Properties marked a major construction milestone this week with the structural completion of Phase 1 at Viman Ja-Ela, its latest residential development.

Union Assurance launches industry-first Adviser Welfare Scheme

Union Assurance introduced the Adviser Welfare Scheme—a pioneering initiative designed to empower and support its adviser network and their families throughout their unique journeys of progress.

People’s Bank presents ‘Economic Review’ to CB Governor

People’s Bank Chairman Prof. Narada Fernando recently presented the bank’s flagship publication, The Economic Review, to Central Bank Governor Dr. Nandalal Weerasinghe, at the Central Bank headquarters

CSE falls as both ASPI and S&P SL20 weaken

The Colombo Stock Exchange (CSE) closed lower today, reflecting a subdued market sentiment. The All Share Price Index (ASPI) dropped nearly 80 points in the first half of trading before making a mild recovery, yet remained in negative territory by the close, declining 46.83 points (-0.23%) to 19,928.67.

Nations Trust Bank delivers 26% loan growth in 1H 2025

Nations Trust Bank PLC for the 1H25 period achieved a profit after tax of Rs.9 billion, reflecting a healthy 10 percent year-on-year growth.

Sri Lanka’s gem trade turns US tariff challenge into opportunity

Sri Lanka’s gem and jewellery industry leaders are optimistic about weathering the potential US tariffs, anticipating a minimal impact on the exports.

Sri Lanka gears up for 5G rollout by year-end, spectrum auction imminent

Sri Lanka is on track to roll out 5G services islandwide by the end of this year, with a spectrum auction slated to take place within the next few months, according to Digital Economy Deputy Minister Eranga Weeraratne. The move is anticipated to significantly boost internet speeds and enhance digital connectivity, particularly in rural areas.

New Public Debt Office ushers in era of partnership and accountability for primary dealers

With the new Public Debt Management Office (PDMO) set to become fully operational this December, Sri Lanka’s primary dealers are poised for a fundamental shift in their role, moving from market intermediaries to integral partners in the nation’s economic governance.

Indices close on a mixed note

The ASPI edged up as a result of price gains in counters such as Ceylon Tobacco Company, Dialog Axiata and Hatton National Bank with the turnover crossing Rs. 4.4 Bn.

HNB Assurance and SMIB partner to expand Bancassurance reach

HNB Assurance PLC has entered a strategic partnership with the State Mortgage & Investment Bank (SMIB), marking the beginning of a Bancassurance collaboration.

Light trading persists; mixed interest along yield curve

Reflecting the previous day’s subdued sentiment, the secondary market exhibited mixed movements amidst low trading volumes.

Kalbe International expands commitment to Sri Lanka’s healthcare landscape

Kalbe, a leader in healthcare spanning pharmaceuticals and nutrition, has been present in Sri Lanka for over 30 years, demonstrating its commitment to delivering high-quality healthcare solutions to the nation.

NDB Bank celebrates Privilege Centre opening with exclusive client event

NDB Bank recently hosted an exclusive engagement event for its Privilege clientele of Havelock Town Branch, coinciding with the opening of the newly refurbished NDB Privilege Centre at the Havelock Town Branch. The event marked yet another milestone in the Bank’s journey of elevating service standards and offering refined, personalised banking environments for its high-net-worth customers.

CRIB hosts Annual General Meeting for 2024

The Credit Information Bureau of Sri Lanka (CRIB) convened its Annual General Meeting (AGM) for the year 2024 on July 23 via an online platform.

First Capital Holdings reports robust 1Q FY2025/26 performance with Rs.2.15bn PAT

First Capital Holdings PLC (the group), a subsidiary of JXG (Janashakthi Group) and a pioneering full-service investment institution, announced its financial results for the first quarter ended June 30, 2025, reporting a profit after tax (PAT) of Rs.2.15 billion, a substantial increase from Rs.582 million recorded in the corresponding period of the previous year.

NDB Bank-International Scholar enhance access to overseas education

NDB Bank announced its latest partnership with International Scholar, one of Sri Lanka’s most reputed education consultancy firms, with the aim of making overseas education more financially accessible and stress-free for Sri Lankan students and their families.

SANASA Life Insurance launches renewal app

SANASA Life Insurance continues to enhance its digital footprint through innovative solutions and the launch of a new mobile application for renewal officers has hit a highpoint in the development of in-house digital initiatives. CEO Nuwanpriya Gunawardena said, “This technological innovation has a direct bearing on streamlining our

Home Lands Group acquires Rs. 4.5bn Colombo property

In a landmark real estate transaction that has made history, Home Lands Group has acquired a prime one acre land parcel in Thummulla, Colombo 7, for a staggering Rs. 4.5 billion, marking the highest ever recorded price per perch in Colombo at Rs. 29 million.

FACETS 2026 Gems, glamour and glitz

From its humble beginnings in 1991 as a modest 50-booth exhibition at the Hilton, FACETS Sri Lanka has grown into the nation’s premier gem and jewellery showcase, drawing global buyers and industry leaders.

PFEC Global opens doors to global education

PFEC Global, a leading study abroad consultant, is offering Sri Lankan students the ticket to studying abroad by organising the World Study Fair tomorrow from 2 p.m. to 6 p.m. at the Colombo Hilton.

My Dentist welcomes Dr. Kelum Jayasuriya as new CEO

‘My Dentist’ announced the appointment of Dr. Kelum Jayasuriya as its new Chief Executive Officer. With over 25 years of experience in Sri Lanka’s healthcare sector, Dr. Jayasuriya brings a rare combination of clinical leadership, operational excellence, and a passion for accessible healthcare.