Banking credit-to-deposit ratio breaches 70% as rapid lending sparks systemic risk warnings

Sri Lanka’s banking sector witnessed its credit-to-deposit ratio surge to 71.2 percent by the end of the first quarter of 2026.

Borrowing costs rise as prime lending rate hits two-year high

The prime lending rate has returned to double-digit territory for the first time in more than two years, marking a swift transmission of the Central Bank of Sri Lanka’s (CBSL) recent policy tightening. This shift signals potentially higher borrowing costs for businesses amid strong credit growth.

Workers’ remittances hit five-month high

​Sri Lankan workers abroad continued to provide a crucial lifeline to the country’s external sector in May, with remittance inflows rising to their highest monthly level so far this year despite lingering concerns over the impact of geopolitical tensions in the Middle East on migrant employment.

Foreign reserves rise by US$ 107mn in May

Sri Lanka’s gross official reserves recorded a slight improvement in May, rising by US$ 107 million to a provisional estimate of US$ 6,873 million.

LB Finance surpasses Rs. 25bn pre-tax profit on exponential loan portfolio growth

LB Finance PLC reported a landmark financial performance for the year ended March 31, 2026, becoming one of the few non-bank financial institutions in Sri Lanka to surpass the Rs. 25 billion pre-tax profit milestone.

CBL Group Chairman Ramya Wickramasingha passes away

​CBL Group Chairman Ramya Sanath Amaraweera Wickramasingha has passed away, the company announced in a statement.

Home Lands and Mahela team up to make SL next global real estate destination

Market leader Home Lands Group welcomes globally acclaimed cricket legend Mahela Jayawardene as the company’s Brand Ambassador.

HNB Life introduces Privileged Protect

Marking a significant milestone in its journey as it celebrates 25 years of trust and transformation, HNB Life has introduced Privileged Protect, a novel universal life insurance solution designed to meet the evolving financial and protection needs of modern Sri Lankans.

Shangri-La Hambantota marks a decade

Set across 145 acres along the island’s untamed southern coast, Shangri-La Hambantota this year marks its 10th anniversary, celebrating a decade of stories woven through nature, culture, community and heartfelt connection.

University of London’s Goldsmiths partners with BCAS Campus

Goldsmiths, University of London, one of the UK’s most respected universities, has partnered with BCAS Campus to bring a world-class suite of British degree programmes to Sri Lanka.

INFRACON 2026 infrastructure and construction expo in July

INFRACON 2026, Sri Lanka’s first B2B platform for the infrastructure and construction industry, dedicated to South Asia’s infrastructure and construction sectors, will take place from July 3-5, 2026, at the BMICH Colombo.

Jyoti-Hayleys sign contract for Mannar-Mullikulam transmission line project

As lead partner, India’s Jyoti Structures Limited signed a joint venture contract with Hayleys Fentons Limited, for the construction of the Mannar-Mullikulam 220kV double circuit transmission line.

Continental Cars launches Volkswagen Taigun and Virtus in Sri Lanka

Continental Cars & Commercials (Pvt.) Ltd, the official authorised importer for Volkswagen passenger vehicles in Sri Lanka, ceremonially launched the all-new Volkswagen Taigun and Virtus, at the prestigious Bandaranaike Memorial International Conference Hall recently.

SDB bank records stable 1Q 2026 performance

SDB bank recorded a stable financial performance for the first quarter ended March 31, 2026, reflecting the bank’s continued focus on disciplined financial management, prudent risk oversight and sustainable growth across its core business segments.

Commercial Bank extends operations to Port City Colombo

Reinforcing its commitment to support the nation’s next phase of economic transformation, Commercial Bank of Ceylon PLC’s new branch in Port City Colombo will bring world-class banking services to Sri Lanka’s emerging international financial hub.

PLC rings CSE market opening bell to commemorate 30th anniversary

People’s Leasing & Finance PLC (PLC) commemorated its 30th anniversary milestone by participating in a special market opening bell ringing ceremony on the trading floor of the Colombo Stock Exchange (CSE) on June 2, 2026, celebrating three decades of empowering individuals, entrepreneurs and businesses across the island with innovative financial solutions.

Hayleys Mobility introduces all-new JAECOO J5 HEV

Hayleys Mobility Limited has introduced the all-new JAECOO J5 HEV, broadening its range of high-performance hybrid SUVs to meet the evolving demands of Sri Lanka’s growing new-energy vehicle market.

Kanro Interiors recognized with Platinum Award

Kanro Interiors has been honoured with a Platinum Award in recognition of its outstanding contribution to Sri Lanka’s interior construction and corporate fit-out industry.

Shashel Lanka Manpower clinches Platinum Excellence Award

Shashel Lanka Manpower, a licensed foreign employment agency operating under Sri Lanka Bureau of Foreign Employment (SLBFE), was honoured with the ‘Platinum Excellence in Ethical Overseas Recruitment & Workforce Solutions’ award at the Platinum Excellence Awards 2026 ceremony held recently at Cinnamon Life – City of Dreams, Colombo.

Sun Siyam Pasikudah launches floating ocean dining platform

Sun Siyam Pasikudah, part of the Privé Collection under Maldivian-owned Sun Siyam Resorts, has officially launched its floating dining platform on the open waters of Pasikudah Bay, the Aqua Lounge.

ShowLab Studio pioneers new era of live event production in Sri Lanka

ShowLab Studio is set to take Sri Lanka’s entertainment and show industry into a new era defined by precision, integration, and global production standards, with the country’s first purpose-built previsualisation, lighting programming, and show integration facility.

Creative Information Technologies opens new premium showroom at Unity Plaza

Creative Information Technologies (Pvt) Ltd announced the opening of its newest showroom at Unity Plaza on 25 May, further strengthening its customer presence within Sri Lanka’s premier ICT and technology marketplace.

Multi Audio Visual concludes Allen & Heath Digital Audio Training Programme

Multi Audio Visual Pvt Ltd, the authorised distributor for Allen & Heath products in Sri Lanka, recently conducted a successful Digital Audio Training Programme at BMICH.

Binance Bitcoin Pizza Day draws over 2000 Sri Lankans to blockchain education experience

Binance, the world’s largest digital asset exchange and leading blockchain ecosystem, marked Bitcoin Pizza Day with an educational activation at One Galle Face Mall in Colombo that drew over 2000 participants eager to learn about blockchain technology and digital asset fundamentals, with more than 70 percent attending their first-ever digital asset education event.

Seylan Bank opens 291st ‘Pahasara’ Library

Seylan Bank PLC opened its 291st ‘Pahasara’ Library at A/Buddhangala Central College, Padavi-Parakramapur recently.

Toastmasters across Sri Lanka connect for annual conference

District 82 Toastmasters International concluded its annual conference, Ovation 2026, on 16th and 17th May at Shangri-La Colombo.

SLITA awards diplomas to 596 graduates to boost apparel sector talent

The Sri Lanka Institute of Textile & Apparel (SLITA) awarded diplomas to 596 graduates at its fifth Diploma Award Ceremony, reinforcing efforts to strengthen the talent pipeline for the country’s textile and apparel industry, one of Sri Lanka’s largest export sectors.

Hutch advances ESG commitment through Rajawaka rainforest restoration

Hutch Sri Lanka is continuing its commitment to environmental sustainability through the ongoing implementation of its rainforest restoration initiative at the Rajawaka Forest Reserve in Balangoda.

Port City offers strong investment potential, says VIA 9 founder

Colombo Port City has significant potential to attract new investments and support emerging businesses, according to entrepreneur Avin Fernando, founder of Italian restaurant VIA 9, one of the latest ventures to establish operations within the country’s offshore business hub.

Sri Lanka targets young travellers through Roblox tourism experience

Sri Lanka is looking to tap into the global gaming community to attract the next generation of travellers, with local game developer Sea Pony Studios launching ‘Discover Ceylon’, a virtual tourism experience on the Roblox platform.