MIFL records Rs.818mn PBT in FY 2025-26, up 193% YoY

Mahindra Ideal Finance Ltd (MIFL) reported its strongest ever financial performance in the year ended March 31, 2026, recording a significant growth across profitability, lending volumes and operational efficiency.

CA Sri Lanka unveils inaugural Sustainability Summit 2026

For decades, the language of business was simple: profit, growth, shareholder return. But the planet has rewritten the dictionary.

JB Financial introduces Credit Opportunity Fund

In a market where traditional savings accounts and fixed deposits are struggling to keep pace with the rising costs and changing interest rates, JB Financial has launched the JB Vantage Credit Opportunity Fund (COF), a flexible investment solution designed for the investors seeking stronger returns without sacrificing liquidity.

Union Assurance hosts SLIM Certified Financial Adviser Graduation Ceremony

Union Assurance PLC recently hosted the SLIM Certified Financial Adviser Graduation Ceremony on its head office premises, recognising 38 professionals who successfully completed the programme, a milestone that reflects the company’s focus on building a highly capable and accredited sales force.

SLCBCC elects new office bearers and executive committee

Sri Lanka China Business Co-operation Council (SLCBCC) announced that the following office bearers and executive committee members were elected at its 26th Annual General Meeting (AGM) held recently at the NCCSL auditorium.

Rhino Roofing launches Rhino Academy to bridge Sri Lanka’s industrial skills gap

In a bold move to transform the landscape of technical education and youth employment in Sri Lanka, Rhino Roofing Products Limited has announced the launch of the Rhino Academy.

Market ends mixed as cautious sentiment persists amid global uncertainty

The Colombo Stock Exchange ended today’s session on a mixed note, with both indices fluctuating within a narrow range as investor sentiment remained cautious amid ongoing uncertainty surrounding the Iran–USA negotiations and rising global commodity prices.

Sri Lanka’s wheat consumption rises on economic and tourism revival

Sri Lanka’s appetite for wheat, the island’s second staple food, is on a steady upward trajectory, fuelled by a recovering economy and a booming tourism sector but yet to reach the pre-crisis levels.

SLASSCOM’s Xcellerate powers country’s next wave of investment-ready startups

SLASSCOM’s Xcellerate Accelerator Programme is reshaping Sri Lanka’s startup ecosystem by fast-tracking MVP-stage tech startups into investment-ready, scalable ventures.

RTS Holdings’ Hidellana and Avissawella tea factories achieve Zero Carbon Manufacturing Certification

RTS Holdings has reached a significant milestone in Sri Lanka’s tea industry with its Hidellana and Avissawella Tea Factories being awarded the Zero Carbon Manufacturing Certification by The Sustainable Future Group, reinforcing its leadership in sustainable tea production.

Maxtherm Lanka wins Silver at National Energy Efficiency Awards

Maxtherm Lanka (Pvt) Ltd has secured the Silver Award for Best Energy Efficiency Service Provider at the National Energy Efficiency Awards 2025, organised by the Ministry of Power and Energy and the Sri Lanka Sustainable Energy Authority.

Richard Pieris Finance launches device financing solution for Samsung smart phones

Richard Pieris Finance Limited (RPFL) has expanded its consumer financing portfolio with the launch of a new device financing solution for Samsung smartphones through authorized mobile dealers of John Keells Office Automation, enabling customers to access premium mobile devices through affordable and flexible instalment plans.

Hutch unlocks top global solutions to raise Sri Lankan businesses

Hutch Sri Lanka is leveraging its international pedigree to bring the best of enterprise solutions to help Sri Lankan businesses leapfrog into a new era.

ACAP unveils strategic business transformation; sets sight on a new frontier of investments into Sri Lanka

ACAP Stockbrokers (Pvt) Ltd. is entering a new phase of its journey under the stewardship of Stallion Consultancy, ushering in a new era of client-focused investment advisory.

JKCG Auto partners with BOC and SLIC to support EV adoption among State employees

John Keells CG Auto (JKCG Auto), the authorised distributor of BYD and DENZA in Sri Lanka, has launched a campaign in partnership with Bank of Ceylon (BOC) and Sri Lanka Insurance Corporation General Ltd. (SLIC) to accelerate New Energy Vehicles (NEV) adoption among government sector employees.

SLIM ushers in new era of leadership at 2026 AGM

The Sri Lanka Institute of Marketing (SLIM) convened its Annual General Meeting (AGM) 2026 on 8th April at the Galle Face Hotel.

Fintrex Finance and APTS implement Nimble Core Banking System

A remarkable milestone in digital transformation has been achieved with the successful implementation and Go-Live of a new Core Banking System for Fintrex Finance, led by APTS as the local implementation partner. This achievement marks the beginning of a new platform for innovative, agile, and efficient financial services.

Lankatiles opens 60th showroom

Lankatiles marked a significant milestone with the opening of its 60th showroom recently. The new showroom brings contemporary luxury, world-class tile designs and its signature double-fired premium tiles closer to customers in Colombo’s urban hub.

Sri Lankan ICT companies gain European market exposure

Sri Lanka’s Information and Communication Technology (ICT) sector marked another significant milestone in its global expansion, as five Sri Lankan technology companies successfully participated in a European market exposure programme under the Sri Lanka Export Development Board (EDB) - Import Promotion Desk Germany (IPD) project.

Ceylon Chamber leads high-level corporate delegation to India for Business Forum

The Ceylon Chamber of Commerce will lead a senior corporate delegation to Mumbai for the India–Sri Lanka Business Forum tomorrow (13 May), held in partnership with the Confederation of Indian Industry (CII).

Muted market ahead of T-bond auction

Ahead of the T-bond auction to be held by the PDMO today, the secondary market saw sluggish movement during the day.

Week begins with foreign buying

The ASPI closed in red as a result of price losses in counters such as Ceylinco Holdings, Commercial Bank and DFCC Bank with the turnover crossing Rs. 4.9 Bn. A similar behaviour was witnessed in the S&P SL20. Crossings were witnessed in Seylan Bank, Ceylon Land & Equity and Digital Mobility Solutions Lanka, accounting for 60.5% of the turnover.

India’s Durga Infra raises stake in Hatton Plantations to 12.5% following Rs.262mn share purchase

Hatton Plantations PLC this week saw its parent company Lotus Renewable Energy (Private) Limited sell over 10.24 million of its shares to Durga Infra (Pvt.) Ltd.

War shock-driven loan provisions weigh on DFCC March quarter profit

DFCC Bank PLC reported earnings of Rs.3.90 a share or Rs.1.71 billion for the quarter ended March 2026, compared to Rs.6.41 a share or Rs.2.82 billion in the year earlier period, as higher loan loss provisions and mark-to-market losses on equity investments weighed on profitability.

SL-India discuss fresh reconstruction push under US $ 450mn package

Sri Lanka and India are looking to further strengthen bilateral ties through a proposed US $ 450 million post-conflict reconstruction package discussed during a high-level meeting between the two countries on Saturday, according to the Finance Ministry.

Para-tariff reduction plan seen as boost for long-term competitiveness

The proposed para-tariff reductions are an important signal of changing policy thinking in the country, asserted Institute of Policy Studies Executive Director Dr. Dushni Weerakoon.

NDB exits Seylan Bank stake through Rs.2.77bn market transaction

National Development Bank PLC (NDB) disposed of its entire 26.63 million share stake in Seylan Bank PLC, at Rs.104 per share, through a transaction executed on the Colombo Stock Exchange (CSE), marking its exit from what it described as a “non strategic investment”. In a corporate disclosure to the CSE, NDB said the disposal involved 26,631,495 Seylan Bank shares and was carried out in line with the bank’s strategy to exit a non-strateg

Thayalan Bartlett on Campaign Asia-Pacific’s 50 Over Fifty 2026 list

MullenLowe Group Sri Lanka Executive Chairman Thayalan Bartlett has been recognised in Campaign Asia-Pacific’s inaugural 50 Over Fifty 2026 list, becoming the only Sri Lankan named among a select group of senior marketing, media and communications professionals from across the region.

Indian dominance highlights early May tourist arrivals as focus shifts to Asia

Sri Lanka welcomed 28,578 tourists during the first six days of May 2026, with India leading the arrivals as the local tourism sector shifts its focus toward Asian markets to offset disruptions in European travel.

Foreign reserves fall by US$ 295mn in April as war-driven oil shock pressures external sector

Sri Lanka’s foreign currency reserves fell by US$ 295 million in April, reflecting mounting pressure on the country’s external sector from higher oil import costs and slowing inflows from exports and tourism as the Iran war disrupted global trade and energy markets