CDB’s AI-powered decision-making system earns national recognition

Citizens Development Business Finance PLC (CDB) continues to earn national recognition for its trailblazing AI-powered credit decision-making system, winning Silver in the Digital Transformation Project of the Year Category at CIMA - JXG Pinnacle Awards 2025.

Rocell honours Installer’s Club top members’ craftsmanship

Rocell, one of Sri Lanka’s leaders in surface coverings and high-grade bathware, recently honoured and celebrated the top members of the Rocell Installer’s Club with an exclusive appreciation event at Courtyard by Marriott in Colombo.

Amana Bank expands to Matara district

Amana Bank recently expanded its people-friendly banking model to the Matara district with the opening of its 35th self-banking centre in Galbokka, Weligama, marking another milestone in the bank’s commitment to providing accessible and convenient banking services across Sri Lanka.

Sampath Bank launches priority reserve appointment banking

Sampath Bank PLC has introduced appointment banking, a premium service that empowers the bank’s most valued clients to take control of how and when they wish to be served, offering personalised attention, complete privacy and a seamless, queue-free experience.

DFCC Bank-Pensions Department deliver hassle-free life certificate verification

Progressing social inclusion and service accessibility, DFCC Bank has partnered with the Pensions Department to introduce a biometric-enabled life certificate verification system for pensioners.

UNDP warns household debt crisis worsening

The United Nations Development Programme (UNDP) warned that Sri Lanka’s household debt crisis has likely intensified since last measured in 2023, as it threw its weight behind a major new financial literacy drive with the Central Bank.

Sri Lanka to showcase organic products at BioFach 2026 in Germany

Sri Lanka Export Development Board (EDB) of the Industry and Entrepreneurship Development Ministry has announced its participation in the most renowned organic trade fair worldwide, BioFach 2026.

Tea Auction sees stronger demand for better grades

The auction offerings totalled 6.4 million kilogrammes (M/Kgs), marginally lower to the 6.5 M/Kgs on offer the previous week.

Central Bank seizes control of failing finance firm Nation Lanka Finance

The Central Bank announced the takeover of the operations of Nation Lanka Finance PLC (NLFP), initiating formal resolution proceedings, after repeated regulatory breaches and financial deterioration left the licensed finance company unable to meet the depositor obligations.

BOC hands over Rs.5bn dividend to Treasury

The board of directors of Bank of Ceylon (BOC), one of the premier state-owned commercial banks in the country, has approved a dividend contribution of Rs.5 billion to the General Treasury, its sole shareholder.

Rubber export revenues slide in May on weak sheet rubber demand

Sri Lanka’s export earnings from rubber and rubber-finished products fell 9.33 percent year-on-year to US $ 73.60 million in May, as sheet rubber exports slumped 40.91 percent, indicating the persistent pressure on the key product categories in international markets, commodity broker Forbes and Walker said in its June rubber market report.

Cartoon of the Day 05-07-2025

No public tickets for City of Dreams grand opening

The management of City of Dreams Sri Lanka has issued an official announcement warning the public about unauthorised tickets being circulated for its grand opening event, scheduled to take place on August 2.

During the week ASPI gains 1.5%

Indices closed in green as a result of price gains in counters such as John Keells Holdings, Melstacorp and Commercial Bank with the turnover crossing Rs. 6.7 Bn.

A dormant session marked by mixed sentiment

As the week wound down, the secondary market settled into a rather subdued rhythm.

‘MMR 25 – Together’ festival set to boost business and tourism in Negombo

The coastal city of Negombo is set to take centre stage this July with the launch of ‘MMR 25 – Together’, a multi-day beach and city festival that fuses motorsports, music, culture, and sustainability to create a powerful platform for tourism promotion, economic revival, and community engagement.

People’s Bank builds pathway at Jaya Sri Maha Bodhi

People’s Bank recently carried out the latest initiative under its ‘Mahajana Mehewara’ CSR program by constructing and inaugurating the pathway (Pethmaga) leading to the western gate of the Anuradhapura Sacred Jaya Sri Maha Bodhi.

Baby Cheramy partners with Sri Lanka College of Pediatricians at Annual Scientific Congress

Baby Cheramy has partnered with the Sri Lanka College of Pediatricians at the 27th Annual Scientific Congress 2025 held recently, reaffirming its leadership in the baby personal care landscape and its commitment to the safety, wellbeing and development of infants.

Festival of Australia announces winners of ‘Entrepreneurship Challenge 2025’

Students of Trinity College, Kandy, Sri Lanka won the Australian Government’s Study Australia Entrepreneurship Challenge 2025. The winners were announced at the Festival of Australia event held in Colombo on June 29.

Varun Beverages celebrates Environment Day with focus on sustainable plastic use

Varun Beverages Lanka Pvt Ltd marked World Environment Day at St. Sebastian College with a series of impactful activities aimed at fostering environmental awareness and promoting sustainable plastic usage among students.

Nestlé Lanka promotes responsible waste management amongst school children

Nestlé Lanka’s Schools Art Competition, under the theme of ‘A greener environment through the eyes of children’ successfully concluded recently.

Unigra and Eiger host culinary demo to elevate Sri Lanka’s HORECA standards

Eiger Holdings (Pvt) Ltd, in partnership with Unigra, a global leader in high-performance ingredients for pastry, bakery, and foodservice professionals, recently hosted a technical demonstration aimed at advancing product knowledge, skill development, and culinary innovation within Sri Lanka’s HORECA industry.

CanHOPE Colombo recognised at Rotary District Awards for Cancer Awareness Initiative

CanHOPE Colombo received official recognition at the Rotary District 3220 Awards, held on June 14, at Cinnamon Life, Colombo, for its leadership in advancing cancer awareness through the Cup of Courage - A High Tea for Cancer Awareness initiative.

Seven Media brings childhood dreams to life with ‘Jack & Gelato’ brand launch

When imagination meets storytelling and a blank canvas becomes a brand, you get Jack & Gelato — the freshest, most playful frozen dairy brand to hit Sri Lanka.

Cinnamon Life launches ‘THE LIFE’ Culinary Membership Programme

Cinnamon Life announced the launch of ‘THE LIFE’, an exclusive food and beverage membership programme designed for those who live and dine with distinction.

Christell Luxury Wellness unveils Sri Lanka’s first Specialty Hair Restoration Clinic

Christell Luxury Wellness hasofficially launched the Christell Super Specialty Hair Restoration Lab, marking a significant advancement in the field of hair loss management and restoration in the country.

Sinopec Energy Lanka marks second anniversary

Sinopec Energy Lanka (Pvt) Ltd commemorated its second corporate anniversary with a special Family Day celebration held in Hambantota, the birthplace of Sinopec’s operations in Sri Lanka.

CSE closes higher following early dip triggered by U.S. Reciprocal tariff concerns

The Colombo Stock Exchange (CSE) closed the trading day on a positive note. The market initially experienced significant selling pressure during the early hours of the session, with the All Share Price Index (ASPI) declining by nearly 150 points.

Well known banker Rienzie Wijetilleke passes away

Well known banker Rienzie Wijetilleke passed away this morning, according to family members.

Central Bank launches landmark financial literacy drive to empower Sri Lankans

The Central Bank(CB) yesterday unveiled a sweeping set of initiatives aimed at bolstering the financial well-being of its citizens, launching the nation’s first comprehensive Financial Literacy Curriculum, a series