People’s Bank partners with MasterCard to introduce tailored digital payment solution

People’s Bank has entered into a strategic partnership with MasterCard to launch a suite of innovative, customer-focused digital payment solutions.

ComBank to offer special educational loans to Alpha Business School students

The Alpha Business School is the latest higher education institution in Sri Lanka to partner with the Commercial Bank of Ceylon to facilitate educational loans for its students.

ASPI up for 6th straight session

The ASPI closed in green as a result of price gains in counters such as Hemas Holdings, Commercial Bank and Aitken Spence with the turnover crossing Rs. 4.2 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Dialog Axiata, Hemas Holdings and Digital Mobility Solutions Lanka. Mixed interest was observed in Hatton National Bank, ACL Cables and John Keells Holdings whilst retai

Belluna Lanka charts regional growth with Sri Lanka at its core

As Belluna Co. Ltd. Japan celebrates a decade of investment in Sri Lanka, its wholly owned subsidiary, Belluna Lanka (Pvt) Ltd., is deepening its long-standing commitment to South Asia - with Sri Lanka at its heart.

Auction yields dip, yield curve holds steady

After the overnight policy rate cut, the Central Bank held its first weekly T-bill auction yesterday, fully raising the offered Rs.162.5 billion.

Hayleys Fentons pioneers SL’s first European-engineered roof lifeline system

Hayleys Fentons Limited has successfully completed the installation of an advanced roof lifeline system at South Asia Textiles Limited, Pugoda.

EDB, ITC and UK govt. launch official ‘SheTrades Sri Lanka Hub’ web page

The Sri Lanka Export Development Board (EDB), in collaboration with the International Trade Centre (ITC) officially launched the SheTrades Sri Lanka Hub web page under the framework of the United Kingdom (UK) Government-funded SheTrades Commonwealth+ Programme, marking a major milestone in the country’s efforts to empower women-led businesses and integrate them into global trade.

NDB Bank empowers coconut farmers with ‘Kapruka Ayojana’

NDB Bank announced its partnership with the Coconut Cultivation Board (CCB) for the Kapruka Ayojana Credit Scheme, a transformative financial solution designed to boost coconut cultivation and integrated farming systems across Sri Lanka.

HNB sets new standard for digital trade services in Sri Lanka

HNB PLC has launched TxB TradeX - its next-generation Digital Trade Finance platform, in collaboration with IFINITY Global (Pvt) Ltd, setting a new standard for digital trade services in Sri Lanka.

Assidua Technologies honoured at BWIO Awards 2025

Assidua Technologies (Pvt) Ltd., has been awarded the “Best Enterprise of the Year – Platinum” at the Business World International Awards 2025.

Orient Finance rebranded as Janashakthi Finance PLC

Orient Finance PLC, a subsidiary of JXG (Janashakthi Group), yesterday presented its strategic brand transition to Janashakthi Finance PLC, ushering in an era of transformation designed to strengthen its market identity and align with ambitious long-term growth objectives.

Prima KottuMee Korean Ramen expands international reach

Making remarkable strides in global expansion, Prima KottuMee has introduced its Korean Ramen noodles to several prominent markets, which include Australia, Italy, the Maldives, United Arab Emirates (UAE) and United Kingdom.

Build SL Housing & Construction International Expo starts on May 30

The 20th Build SL Housing & Construction International Expo, which has now become the premier exhibition of the construction industry in Sri Lanka, will be held on May 30 and 31 and June 01, 2025, at the Sirimavo Bandaranaike Memorial Exhibition Centre of the BMICH. This exhibition is held at a time when the construction industry is beginning to rise after continuous contractions from March 2020 to December 2023, due to the Covid-19 pandemic and

DFCC Bank Turns 70: A Legacy of Powering Progress, A Future Rooted in Sustainability

As DFCC Bank marks 70 years of operations in 2025, it does so with a legacy steeped in national development and an eye firmly fixed on Sri Lanka’s sustainable future. Founded in 1955 as the country’s first development finance institution, DFCC Bank played an instrumental role in industrialising a newly independent nation. Seventy years later, the Bank is reshaping that legacy for a new era of climate action, innovation, and inclusive progress.

CSE closes higher with strong turnover, mixed market sentiment

The Colombo Stock Exchange (CSE) closed on a positive note today, driven by increased market activity and sustained investor interest. The upbeat momentum continues, supported by encouraging earnings reports that reflect strong performance across different sectors.

Sri Lanka tourist arrivals top 1 million

Sri Lanka crossed the 1 million mark in international tourist arrivals for 2025 as of May 23, data from the Sri Lanka Tourism Development Authority (SLTDA) showed, hitting the milestone nearly a month earlier than in 2024 and returning to pre-pandemic levels last seen in 2018.

JKH ends FY25 on firm footing with strong 4Q

Premier blue-chip John Keells Holdings PLC (JKH) reported a strong fourth quarter (4Q) performance for the financial year ended 31 March 2025, driven by a rebound in consumer demand and the first earnings contributions from new investments, including the West Container Terminal (WCT-1).

Ceylon Steel enters banking sector with Rs.13.8 bn HNB stake buy

Ceylon Steel Corporation yesterday marked its entry into the banking sector with the acquisition of a 9.99 percent stake in Hatton National Bank (HNB).

Sri Lanka gets expert committee to steer R&D projects for investors

In an effort to unlock the economic potential of homegrown innovation, Cabinet nod was granted this week to establish a multi-disciplinary technical appraisal committee to fast-track research and development (R&D) projects for investment.

Crossings boost turnover to Rs. 18bn

The ASPI closed in green as a result of price gains in counters such as Hatton National Bank, Melstacorp and C T Holdings with the turnover crossing Rs. 18.7 bn.

Buying interest persists as yield curve tapers down further

Secondary market participants yesterday maintained buying interest ahead of today’s T-Bill auction, leading to a further tapering down of the yield curve.

Dubai FinTech Summit 2025 spotlights Sri Lanka

The recently concluded Dubai FinTech Summit 2025, held on May 12 and 13, at Madinat Jumeirah, under the patronage of Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, convened some of the world’s most disruptive minds in finance and technology.

Change of guard at COYLE

Raddella Holdings Managing Director Thushira Raddella, who recently completed his tenure as COYLE President, reflected on the year gone by, COYLE’s future plans as well as the way forward for Raddella Holdings, as he handed over the reins of this now formidable business chamber to his successor.

First Capital earnings ease as extraordinary gains in FY24 recede

First Capital Holdings PLC reported a total comprehensive income of Rs. 5.0 billion for the year ended March 31, 2025, down from Rs. 10.1 billion a year earlier, as gains normalised following a sharp decline in interest rates in the previous year.

Seylan Bank continues collaboration with Kedella Construction Expo

Seylan Bank continued its collaboration with the Kedella Construction Expo in 2025 for the 13th consecutive year as the event’s title and official banking partner.

DFCC Bank concludes Mega Town Campaign

DFCC Bank PLC successfully concluded its Mega Town Storming Campaign, a high-impact, nationwide initiative designed to increase awareness and adoption of DFCC Bank’s current accounts while reinforcing the bank’s presence as a people-first, community-driven financial institution.

OREL Cloud secures SL’s 1st ISO/IEC 27017 certification

OREL IT announced a landmark achievement for Sri Lanka’s digital ecosystem: OREL Cloud has become the first local cloud provider in the country to be certified under ISO/IEC 27017.

IPS releases latest publication titled ‘Estimating Aswesuma Effectiveness’

While Sri Lanka slowly recovers from its largest economic crisis so far, social protection programmes are central to the country’s growth.

Singer launches new range of Piaggio Apé three wheelers

Singer Sri Lanka PLC unveiled the latest range of Piaggio Apé three wheelers in Colombo recently.

CFA Institute makes public India focused study on finfluencers’ role in investment decisions

CFA Institute has released a new report titled “Clicks and Credibility: Understanding Finfluencers’ Role in Investment Decisions”,