NDB appoints Deloitte India for forensic probe into fraud

NDB Bank yesterday revealed it has appointed Deloitte Touche Tohmatsu India LLP to carry out an independent forensic review into the recently uncovered fraudulent transactions, escalating its response as

JXG IPO oversubscribed 3 times showcasing strong investor confidence

The Initial Public Offering (IPO) of JXG (Janashakthi Group), the largest IPO in almost 15 years, was oversubscribed on its opening day, with a total of 20,397 applications amounting to Rs.15,164,145,000

DFCC Bank wins global award for Sri Lanka’s first listed blue bond

DFCC Bank PLC has been recognised at the Environmental Finance Sustainable Debt Awards 2026, winning the ‘Innovation – Use of Proceeds (Green Bond)’ category for its DFCC Blue Bond 2025, Sri

Ultra-thin volumes grip secondary market, adding to the gloom

The secondary market yesterday remained largely dormant amid ultra-thin trading volumes, with overall sentiment remaining similar throughout the week, as the broader geopolitical backdrop continued to weigh

Indices close in red

The ASPI closed in red as a result of price losses in counters such as Bukit Darah, Ceylon Beverage Holdings and RIL Property with the turnover crossing Rs. 2.8bn.

Dialog-OREL to advance smart living in Sri Lanka

Dialog Axiata PLC has announced a strategic partnership with OREL Corporation (Pvt.) Ltd, bringing together complementary strengths in digital platforms and device innovation to enhance smart living

Fairfirst relocates Bandarawela branch

Fairfirst Insurance has relocated its Bandarawela branch to new premises at No. 93, Nugasevana Super Market, Ettampitiya Road, Bandarawela, with the branch now open to customers.

Ninewells Hospital breaks ground on landmark expansion

Ninewells Hospital has marked a major milestone with the groundbreaking of its newest building expansion, signalling a bold step forward in advancing healthcare in Sri Lanka.

GRI strengthens leadership with board appointments

As GRI steps into a new financial year, the company marks a significant milestone in its leadership journey with the appointment of its Chief Executive Officer Dr. Tharindu Atapattu and Chief Financial Officer

eMarketingEye launches AEYEPULSE

As the travel industry rapidly embraces artificial intelligence (AI) as a primary discovery channel, eMarketingEye announced the official launch of AEYEPULSE — its AI visibility intelligence platform,

Kia opens new showroom at Altair

Top Korean nameplate Kia has reinforced its presence in Sri Lanka with the opening of a striking new showroom at the iconic Altair high-rise in Colombo, marking a significant step in the brand’s continued

Healthguard Distribution powers critical link from ‘port to pharmacy’

Healthguard Distribution, the country’s only fully-fledged national pharmaceutical distribution service, continues to play a central role in Sri Lanka’s healthcare supply chain, ensuring that medicines move

British Cosmetics-Ethera Business partner for int’l market expansion

British Cosmetics (Private) Limited, one of Sri Lanka’s leading manufacturers of premium skincare, cosmetics and personal care products, has entered into a strategic partnership with Ethera Business LLC,

Uber expands to Kegalle

Uber announced the expansion of its mobility offerings in Kegalle, bringing convenient, reliable and affordable transportation to the residents and visitors in the city.

Union Assurance, a Company with Great Managers for 5th consecutive year

Union Assurance was honoured as a Company with Great Managers for the fifth consecutive year at CLA Great Managers Awards 2025, held at Cinnamon Grand Colombo.

Nimal Gunewardena takes over PRASL leadership with top team

At its second Annual General Meeting (AGM) held on April 21, Nimal Gunewardena, a veteran in PR and IMC was elected to the role of President of the PR industry body, the Public Relations Association of Sri

Market remains rangebound amid geopolitical uncertainty

The Colombo Stock Exchange ended the session on a subdued note, with both indices posting marginal losses as uncertainty surrounding the Middle East conflict continued to cloud investor sentiment. With no clear directional cues emerging, the market opened in a stalemate and remained largely rangebound throughout the day.

SriLankan Airlines whistleblower exposes massive financial leakages

Fresh evidence has emerged detailing the deep-rooted financial mismanagement and systemic governance failures at SriLankan Airlines.

Sri Lanka’s insurance sector shifts to mature-market risk pricing with launch of centralised CRIB data repository

Sri Lanka’s insurance industry is poised to abandon conventional, static underwriting in favour of dynamic, risk-based pricing, following the official launch of the National Insurance Information Repository.

SL needs ILO, World Bank support to measure care work to sustain economy- PM

Sri Lanka needs to bring care work into the discussions on budget and making its fiscal policies, as unpaid care work by the female workforce would largely contribute to sustain the economy, Prime Minister Dr. Harini Amarasuriya said.

Peter Hill to return to SriLankan Airlines as next Chairman this week?

SriLankan Airlines is bracing for a highly contentious leadership overhaul at its upcoming board meeting scheduled for this Saturday, April 25.

Indices close on a mixed note

The ASPI edged up as a result of price gains in counters such as Central Finance Company, Janashakthi Insurance Company and ACL Cables with the turnover crossing Rs. 5.2 Bn. Meanwhile, the S&P SL20 closed in red. Crossings were witnessed in Softlogic Life Insurance, Ceylon Tobacco Company and Hayleys Fabric accounting for 47.3% of the turnover. Mixed interest was observed in Softlogic Capital, HVA Foods and Janashakthi Insurance Company whilst re

Businesses face lower SSCL entry threshold from July 1

Lower registration thresholds for the Social Security Contribution Levy (SSCL) will take effect from July 1, under the amendments to the SSCL Act, notified by the Speaker of Parliament earlier this month.

BOC reinforces national economic vision with 2025 annual report presentation

In a significant moment reflecting renewed confidence in Sri Lanka’s economic recovery and forward-looking national strategy, Bank of Ceylon (BOC) formally presented its 2025 annual report to President Anura Kumara Dissanayake.

Muted trading persists in secondary market

The secondary market continued to remain tepid with limited trading activity and low volumes during yesterday’s session.

Petrol, pressure and public sentiment: Sri Lanka’s fuel crisis through lens of real conversation

Over 64,000 engagements. More than 3,100 online results. 853 unique voices. Nearly 30 percent of conversations running negative. Talkwalker captured the full arc of Sri Lanka’s National Fuel Pass conversation as it unfolded and what it reveals about public trust, economic anxiety and the cost of getting policy wrong should matter to every institution and business in the country.

SLIC Life reports strong 2025 performance

Sri Lanka Insurance Life (SLIC Life) has delivered a strong and well-balanced financial performance in 2025, reflecting sustained growth, disciplined execution, and continued customer confidence.

Mastercard strengthens SL’s digital payments ecosystem with two major launches

Mastercard has announced the launch of two new payment solutions in Sri Lanka—Soundbox and Cloud Commerce—marking a major step forward in expanding access to simple, secure, and affordable digital payments for small enterprises.

Vallibel Finance and Toyota Lanka launch Sri Lanka’s first Concept Centre

Vallibel Finance, in partnership with Toyota Lanka (Pvt) Ltd, officially unveiled a pioneering Concept Centre on 07th April, at the Borella branch premises of Vallibel Finance. The newly launched facility marks the first-of-its-kind concept centre in the country, bringing together a leading local financial services provider and a globally trusted automotive brand under one roof. The initiative is designed to offer Sri Lankan consumers a seamless,

People’s Bank donates Rs. 300mn to Rebuilding Sri Lanka Fund

People’s Bank has come forward to donate Rs. 300 million to the ‘Government’s Rebuilding Sri Lanka Fund’to support the development of a multi-storey housing project in the Nuwara Eliya District, which is being constructed to resettle families affected by Cyclone Ditwah.