DFCC Bank September soars on higher loans, lower impairments

As the September quarter earnings season has entered its final stretch, DFCC Bank PLC reported some solid numbers for the three months, supported by the robust growth in new loans, higher fee incomes and lower impairments.

Indices continue to close in green

The ASPI closed in green as a result of price gains in counters such as Richard Pieris & Company, Dialog Axiata and DFCC Bank with the turnover crossing Rs. 8.2 Bn.

Secondary market yield curve holds steady ahead of bond auction

Ahead of the T-bond auction scheduled for November 13, 2025, the secondary market showed a slowdown in activity, although some buying interest re-emerged.

Apparel Brands Association welcomes Budget 2026

The Sri Lanka Apparel Brands Association (SLABA), representing all leading Sri Lankan apparel and fashion brands, enthusiastically welcomed the budget, which addresses the majority of the industry’s key requests to strengthen the domestic apparel ecosystem.

Mahindra Ideal Finance records 204% growth in PBT to Rs.477mn

Mahindra Ideal Finance Limited (MIFL) has delivered a strong growth in income and profits during the six months ended September 30, 2025 (H1 FY26), fuelled by a rapid expansion in its multi-brand vehicle financing portfolio.

Prime Lands Residencies reports 24% revenue growth, earnings jump 72%

Prime Lands Residencies PLC, Sri Lanka’s only listed and fully locally owned real estate company, reported a sharp rise in revenue and earnings for the quarter ended September 30, 2025.

Janashakthi Life soars 3Q with 249% surge in profits, 72% growth in new business premiums

Janashakthi Life, the flagship brand of JXG (Janashakthi Group) closed 3Q 2025 solidifying its performance and growth momentum as one of Sri Lanka’s fastest-growing life insurers.

St. Regis Packaging wins Presidential Environment Award

St. Regis Packaging (Pvt.) Ltd received the Presidential Award for Excellence in Environmental Sustainability at Presidential Environment Awards 2025, held recently at the BMICH, under the patronage of President Anura Kumara Dissanayake.

People’s Leasing & Finance unveils 111th branch in Eheliyagoda

People’s Leasing & Finance PLC (PLC), a leading non-bank financial institution and a subsidiary of People’s Bank in Sri Lanka, expanded its branch network by opening its 111th branch on November 4, 2025, at No. 44, Kelin Veediya, Eheliyagoda.

Allianz Lanka Contributes on Behalf of Customers for Every Motor and Travel Policy Purchased to Support Sri Lanka’s Biodiversity in Partnership with WNPS PLANT Initiative

Allianz Insurance Lanka Limited announced its partnership with the Wildlife and Nature Protection Society of Sri Lanka (WNPS) to support the Preserving Land and Nature (PLANT) initiative, a science-based conservation program dedicated to building forest corridors, restoring ecosystems, promoting biodiversity, and enhancing climate resilience.

Thimark Technocreations unveils special machine to remove debris blocking hydropower gates

Sri Lanka must become a nation that not only earns foreign exchange but also saves it, said Industries and Enterprise Development Minister Sunil Handunnetti, emphasising the need to take locally developed innovations to the global market.

Lanka Coffee Association hosts 4th AGM

The Lanka Coffee Association (LCA) held its fourth Annual General Meeting (AGM) yesterday at Waters’ Edge Hotel, Battaramulla.

Glomark unveils ‘ f.g Better Life’ philosophy

Softlogic Glomark announced a transformative launch, unveiling its new philosophy ‘f.g Better Life’ (A Better Life to Home), at an exclusive launch event at NH Collections Colombo.

UB Finance appoints Sabry Ghouse as Chairman

UB Finance PLC announced the appointment of experienced, veteran banker Sabry Ghouse as Chairman of the board of directors, with effect from November 6, 2025.

Dialog Enterprise powers Industry Expo 2025

Dialog Enterprise, the corporate solutions arm of Dialog Axiata PLC, concluded its role as the Title Sponsor of Industry Expo 2025, held in September 2025, at the Bandaranaike Memorial International Conference Hall in Colombo.

Sri Lanka-Korea Business Council holds 30th AGM

The Sri Lanka-Korea Business Council (SLKBC) of The Ceylon Chamber of Commerce held its 30th Annual General Meeting (AGM) with Ambassador of the Republic of Korea to Sri Lanka Miyon Lee gracing the event as the chief guest.

Remittances hit all-time high of US $ 712mn in October

Sri Lanka received its highest ever monthly income of US $ 712.0 million from the workers’ remittances in October, signalling that the country is in for a bumper year of income from the Sri Lankans working abroad.

September private credit hits Rs.236bn; highest on record

The licensed commercial banks extended a mammoth Rs.236.3 billion in new credit to the private sector in September 2025, marking a substantial 22.1 percent growth from a year earlier.

Tourism starts November with 13% growth

Sri Lanka’s tourism industry has recorded a solid start to the winter season, welcoming 61,890 visitors during the first nine days of November 2025.

ADB extends US $ 100mn support to deepen fiscal reforms, transparency in SL

The Asian Development Bank (ADB) has approved a US $ 100 million financing package to strengthen Sri Lanka’s macroeconomic resilience and reinforce its reform momentum as the country continues its recovery from the 2022 economic crisis.

CIC Holdings lifts quarterly profit on strong margins, diversified growth

Diversified conglomerate CIC Holdings PLC reported a solid performance in its second quarter of FY2025/26, with continued the topline growth and improved profitability despite the challenges stemming from the delayed Maha cultivation season.

Sri Lanka needs to move away from public underinvestment, says Deloitte SL and Maldives

Sri Lanka needs to overcome the issue of underspending that has taken place in the recent past, as it is looking at a very ambitious programme of capital expenditure for next year, said Deloitte Sri Lanka and Maldives Head of Risk and Transactions Strategy Ruvini Fernando, at a recent post-budget discussion.

Week begins in green

Indices closed in green as a result of price gains in counters such as Hatton National Bank, Sampath Bank and Commercial Bank with the turnover crossing Rs. 7.5 Bn. High net worth and institutional investor participation was noted in ACL Cables, Renuka Foods and Laugfs Gas. Mixed interest was observed in Renuka Agri Foods, Colombo Dockyard and Bogala Graphite Lanka whilst retail interest was noted in SMB Leasing, Citrus Leisure and Industrial Asp

David Pieris Aviation charts a new era in domestic air travel

David Pieris Aviation (Private) Limited continues to strengthen its presence in Sri Lanka’s domestic aviation sector, following the receipt of its Air Operator Certificate and Operations Specifications from the Civil Aviation Authority of Sri Lanka recently.

Buying momentum drives yields lower across board

As the secondary market opened for the first time since the unveiling of the budget for 2026, the investors demonstrated acute buying interest, pushing the yield curve down across the board.

Brand Finance ranks Bank of Ceylon as Sri Lanka’s Most Valuable Brand in 2025

When Brand Finance Lanka announced its rankings for 2025, Bank of Ceylon (BOC) returned to the top as Sri Lanka’s Most Valuable Brand. The title carries significance beyond prestige. It showcases how an institution is perceived, how it manages its responsibilities and how its identity connects with both customers and the wider public.

Macksons Solar sets new benchmark with largest rooftop installation in Sri Lanka

In a landmark move for Sri Lanka’s renewable energy sector, Macksons Solar, in collaboration with Macktiles, unveiled the country’s largest rooftop solar project at the Macktiles Lanka (Pvt.) Ltd factory complex in Bandaragama.

Bronze Award of Commendation at Presidential Environmental Awards 2025

Micro Electric International (Pvt.) Ltd Chairman Dhammika Samarawickrama accepts the Bronze Award of Commendation at Presidential Environmental Awards 2025 in the metal nonferrous/machinery/electronic/electrical goods and equipment-related industry from Environmental Ministry Secretary K.R. Uduwawala.

Data Protection Authority announces new leadership positions to set up secretariat

With the recent unanimous adoption of the Personal Data Protection (Amendment) Bill in Parliament, the Data Protection Authority of Sri Lanka (DPA), established under Personal Data Protection Act No. 9 of 2022 (PDPA), announced several new career opportunities, including the post of director general.

Bosch completes 10 years in Sri Lanka

Bosch, a leading global supplier of technology and services completed 10 years of its operations in Sri Lanka. Under the theme ‘Transforming a Decade. Inspiring the Future’, Robert Bosch Lanka (Pvt.) Ltd celebrated a journey of innovation and impact, in the presence of Bosch’s regional leadership, government representatives, business partners and academia.