LOLC Group posts Rs. 41 bn annual profit, driven by financial services and global acquisitions

LOLC Group reported a profit after tax of Rs. 41 billion for the financial year 2024/25, marking an 89 percent increase from the previous year, supported by an operating profit of Rs. 48 billion. The

ASPI up for 12 straight sessions

Indices closed in green as a result of price gains in counters such as John Keells Holdings, Sampath Bank and Hatton National Bank with the turnover crossing Rs. 5.5 bn.

Mixed signals lead to measured moves

The secondary market yield curve witnessed mixed activity yesterday, with the yield curve remaining broadly unchanged, leading to moderate trading activity and volumes. Notably, trading was largely

PayMedia expands executive team

In a strategic move to further strengthen its leadership team and drive continued innovation in Sri Lanka’s fintech sector, PayMedia (Pvt.) Ltd, a leading digital financial solutions provider, announced the

BYD launches Shark 06 in Sri Lanka

BYD, in partnership with its authorised distributor John Keells CG Auto, officially launched Shark 06 in Sri Lanka — marking the local debut of what is positioned as the country’s first plug-in hybrid pickup.

HNB leads on environmental responsibility becomes first Sri Lankan bank to embark on Zero Plastic journey

Sri Lanka’s premier bank, HNB PLC reinforced its environmental stewardship by unveiling three major initiatives: the launch of its ZeroPlastic Commitment Certification pilot at HNB Towers, attainment of

RDB Bank empowers Northern entrepreneurs

RDB Bank, recognised as the country’s leading state-owned development bank, has launched a programme aiming to empower the national economy by creating 15,000 entrepreneurs at Grama Niladhari divisional level.

Celeste partners with BnS

Celeste, Sri Lanka’s fastest-growing on-demand online supermarket, celebrated its five-year anniversary recently, at a glittering gala held at Shangri-La Colombo.

Another 43 Ceylinco Life sales officers graduate

A group of 43 sales officers of Ceylinco Life recently graduated with diplomas in financial sales management, under a programme tailor-made for the life insurance market leader by the Sri Lanka

APB hosts Bank Coordinators’ Event

The Association of Professional Bankers of Sri Lanka (APB) recently hosted a successful Bank Coordinators’ Event at The Kingsbury Hotel, Colombo.

4A’s SL to stage next Dragons of Sri Lanka Awards

The 4A’s Sri Lanka (Accredited Advertising Agencies Association of Sri Lanka) will stage the first-ever Dragons of Sri Lanka Award Ceremony in Colombo on August 22, celebrating excellence in Sri Lankan

Daraz Sri Lanka launches 6.6 Mid-Year Sale

Dialog Awards Maldives Family Getaway to the Winner of Swarna Shakthi Retail Campaign

Dialog Axiata PLC – Sri Lanka’s #1 connectivity provider – has awarded an exclusive family holiday to the Maldives to one of its outstanding retail partners, as part of a special campaign under the Swarna Shakthi

Empowering people for a thriving nation

The National Human Resource Management Conference (NHRC) 2025, hosted by CIPM Sri Lanka, unfolded on 2 and 3 June, drawing over 1,000 HR professionals, business leaders, and policymakers.

CSE continues positive momentum on strong investor sentiment

The Colombo Stock Exchange (CSE) closed on a positive note today, maintaining its upward trajectory with an increase of 81.89 points, or 0.47%, to close at 17,434.94. Similarly, the S&P SL20 Index recorded a gain of 27.12 points, representing a 0.55% rise, to end the day at 5,186.78.

Colombo Port transshipment decline enters 4th month; April dips 5.8%

The Port of Colombo’s transshipment volumes recorded a 5.8 percent year-on-year (YoY) decline in April 2025, reaching 495,456 twenty-foot equivalent units (TEUs), marking the fourth consecutive month of slowdown in this crucial segment.

SVAT repeal expected to add Rs.191bn annually to VAT coffers

The upcoming repeal of the Simplified Value Added Tax (SVAT) regime is projected to significantly bolster Sri Lanka’s Value Added Tax (VAT) revenue, with an estimated additional Rs.191 billion expected to flow into state coffers annually.

CWIT completes first full month of operations

Despite the dip in Port of Colombo’s primary business and the looming challenges, April was a significant month as the Colombo West International Terminal (CWIT) completed its first full month of operations, handling 12,438 TEUs.

Access Engineering takes full ownership of Marina Square project

Access Engineering PLC has consolidated its control over the landmark Marina Square Uptown Colombo project, purchasing the remaining 33.33 percent stake (95,874,287 issued shares ) in its subsidiary, Harbour Village (Pvt) Ltd., for a sum of US$ 19 million.

CIC Holdings delivers resilient FY25 results with 9% topline growth

Agriculture-rich diversified conglomerate CIC Holdings PLC recorded steady revenue growth during the year ended 31 March 2025 (FY25), navigating macroeconomic headwinds and intense competition.

Crossings boost turnover

The ASPI closed in green as a result of price gains in counters such as Ceylon Tobacco Company, Central Finance Company and Hemas Holdings with the turnover crossing Rs. 7.3 bn.

Measured optimism returns as buying resumes

Yesterday, market participants deviated from the mixed stance that prevailed earlier in the week and displayed a measured appetite for buying amid moderate trading volumes.

SriLankan Airlines’ first wide-body aircraft touches down at BIA

SriLankan Airlines welcomed an Airbus A330-200 wide-body aircraft that arrived from Paris last morning. The aircraft, bearing registration number 4R-ALT, performed a low fly-past over Colombo and Katunayake before touching down at Bandaranaike International Airport (BIA).

BNI Sri Lanka to “Connect. Collaborate. Conquer.” at SLNC 2025 in July

BNI Sri Lanka (Business Network International) will be hosting its National Conference themed “Connect. Collaborate. Conquer.” as a full-day event on July 18 at the Cinnamon Grand, Colombo.

DIMO Healthcare delivers first Echosens FibroScan Expert 630 to Hemas Hospital

DIMO Healthcare has introduced the country’s first Echosens FibroScan Expert 630, revolutionizing non-invasive liver assessments.

PMF Finance strengthens regional presence with 19th branch

In a continued stride toward expanding its national footprint, PMF Finance PLC inaugurated its 19th branch in Embilipitiya on the 5th of May.

HNB partners with Toyota Lanka for flexible vehicle leasing solutions

HNB PLC has entered into a strategic partnership with Toyota Lanka (Private) Limited to provide flexible leasing solutions for commercial and private vehicles.

eMarketingEye wins at Google Agency Excellence Awards 2024

eMarketingEye, a digital marketing agency specializing in the travel and hospitality industry, achieved a historic milestone by winning the International Growth Award at the Google Agency Excellence Awards 2024. This recognition marks eMarketingEye as the first and only Sri Lankan agency to win an Agency Excellence Award, reinforcing our commitment to driving global success for our clients through cutting-edge digital marketing strategies.

DFCC Bank launches fully digital borrowing experience

DFCC Bank continues to transform the banking experience with the launch of its Instant Cashback Loan, a seamless, fully digital borrowing solution available through DFCC Online Banking and soon on the DFCC ONE mobile app.

Sri Lanka export excellence initiative advances SMEs with ‘ExpoScaleUp’

The Sri Lanka Export Development Board (EDB), in collaboration with the International Finance Corporation (IFC) and the European Union (EU), effectively organized the Pitching Event recently for the ‘ExpoScaleUp’ programme at the Ramada Hotel in Colombo.