Seylan Bank finances phase II of 10 MW solar power project by Windforce and Vidullanka

Seylan Bank PLC recently announced its role as the sole financing partner for the 10 MW ground-mounted solar power plant in Navatkadu, Batticaloa, promoted by Sooryashakthi (Pvt) Ltd, a company jointly owned by Windforce PLC and Vidullanka PLC, two of Sri Lanka’s most prominent renewable energy players.

Vallibel Finance partners with Hayleys Solar to offer tailored solar financing

In a significant step toward driving sustainable energy adoption in Sri Lanka, Vallibel Finance PLC has signed a Memorandum of Understanding (MoU) with Hayleys Solar, the renewable energy arm of Hayleys Fentons. This strategic partnership aims to provide tailored financing solutions for customers investing in solar energy, making clean energy more accessible and affordable than ever before.

ComBank wins triple at ICC Emerging Asia Banking Conclave & Awards

The Commercial Bank of Ceylon was honoured with three awards at the 3rd Emerging Asia Banking Conclave & Awards 2025, organised by the Indian Chamber of Commerce (ICC).

Sri Lanka overhauls Port City incentives

The government has introduced a significantly revised and less generous incentive framework for investors in the Colombo Port City Special Economic Zone (SEZ), slashing lengthy tax holidays and raising investment thresholds.

Credit card debt growth slows despite consumer spending rise

Sri Lanka’s credit card debt expanded at a slower pace in July, even as overall credit in the economy grew faster, supported by low interest rates and improving consumer sentiment.

Vidullanka expands renewable energy footprint with new 3 MWp solar plant in Matara

Vidullanka PLC, a major player in Sri Lanka’s renewable energy sector, has announced the successful commissioning of its 3MWp Matara Solar Power Plant on September 19, 2025.

Union Bank to raise Rs.3bn through debenture issue to strengthen capital

Union Bank of Colombo PLC has announced plans to raise up to Rs.3 billion through a listed debenture issue aimed at strengthening its capital base and supporting strategic growth initiatives.

CB launches nationwide survey to bolster confidence in Deposit Insurance Scheme

The Central Bank of Sri Lanka (CBSL) has announced a nationwide public awareness survey on Sri Lanka Deposit Insurance Scheme (SLDIS), a critical move aimed at assessing and strengthening public confidence in the nation’s financial safety net.

Sri Lanka crowned leading MICE and Wellness Destination at SATA

Sri Lanka has emphatically stamped its mark on the regional tourism landscape, securing two of the most prestigious Visitors’ Choice Awards for Leading MICE Destination and Leading Wellness Destination at the 9th South Asian Travel Awards (SATA) 2025.

First Capital drives financial empowerment in Jaffna

First Capital Holdings PLC successfully hosted a two-day event in recently, aimed at educating the region on wealth creation and growth opportunities through capital markets.

Fortude concludes all-female Ignite 2.0 tech internship

Fortude has reaffirmed its commitment to diversity, equity and inclusion with the successful conclusion of the second edition of Ignite, Sri Lanka’s first all-female technology internship programme.

Hayleys Leisure appoints Shane Hallock as Chief Commercial Officer

Hayleys Leisure PLC announced the appointment of Shane Hallock as Chief Commercial Officer (CCO).

People’s Micro-Commerce celebrates 15 years

People’s Micro-Commerce (PML), a subsidiary of People’s Leasing and Finance PLC, celebrated its 15th anniversary with its inaugural awards ceremony at The Hilton Colombo.

Cambridge Int’l team meets Prime Minister

Cambridge International Education Managing Director Rod Smith met with Prime Minister Harini Amarasuriya during his visit to Sri Lanka last week.

NDB Bank’s NEOS campaign wins Gold at SLIM DIGIS 2.5

National Development Bank PLC (NDB) announced its achievement of winning Gold at the SLIM DIGIS 2.5 Awards, Sri Lanka’s premier recognition for excellence in digital marketing.

Janashakthi Finance’s tuk campaign triumphs at SLIM DIGIS 2.5 Awards 2025

Janashakthi Finance PLC, formerly Orient Finance PLC and a subsidiary of JXG (Janashakthi Group), announced its recognition at the prestigious SLIM DIGIS 2.5 Awards 2025.

AIA Insurance supports WCIC Prathibhabhisheka Awards

AIA Insurance announced its continued partnership with the Women’s Chamber of Industry and Commerce (WCIC) as the Platinum Sponsor of WCIC Prathibhabhisheka Awards 2025, marking the third consecutive year of this meaningful collaboration.

Tea industry growth mirrors SL’s economic revival but reforms key: IMF

Sri Lanka’s tea industry, which has weathered repeated crises, stands as a symbol of the country’s economic resilience, the International Monetary Fund (IMF) said, although it went on to caution that reforms must be sustained to secure recovery.

DFCC Bank expands global reach with new remittance partnership in Japan

DFCC Bank has partnered with Ceylon Remittances to launch a new remittance service in Japan, strengthening financial links for Sri Lankans living and working there.

Nawaloka Hospitals marks 40 years of excellence

Nawaloka Hospitals PLC marked its 40th anniversary, celebrating four decades of excellence since its establishment in 1985.

ITC Hotels appoints Keenan McKenzie as Area Manager SL, Ratnadipa GM

Indian hospitality leader ITC Hotels announced the appointment of Keenan McKenzie as Area Manager Sri Lanka and General Manager of ITC Ratnadipa, Colombo.

Delmege marks 175th year of innovation, trust, service to nation

Since its founding in 1850, Delmege has grown from its trading roots into a multi-sector powerhouse, delivering trusted and meaningful products and services that touch almost every aspect of daily life.

Seylan Bank-Browns EV offer exclusive leasing facilities

Seylan Bank PLC has entered a strategic partnership with Browns EV, the dedicated electric vehicle arm of Browns – a pioneering name in vehicle imports in Sri Lanka.

SAPPTA holds 41st Annual General Meeting

The Spices and Allied Products Producers’ and Traders’ Association (SAPPTA) held its 41st Annual General Meeting (AGM) recently, at The Courtyard by Marriott, Colombo.

Sampath Bank leads discourse on SL’s recovery in a shifting global economy

Sri Lanka’s fragile yet recovering economy was placed under the spotlight at the Sampath Bank Economic Forum 2025, held recently at Cinnamon Life, Colombo.

SL revises 2025 tourist arrival target to a minimum of 2.6mn

Sri Lanka yesterday announced the revision of its ambitious tourist arrival forecast for 2025.

S&P upgrades Sri Lanka to CCC+/C

S&P Global Ratings yesterday raised Sri Lanka’s long and short-term foreign currency sovereign credit ratings to ‘CCC+/C’, from ‘SD/SD’, while affirming its ‘CCC+/C’ ratings on local currency debt.

Sri Lanka joins Global Forum as 173rd member

Sri Lanka has taken steps to fight tax evasion and other illicit financial flows, becoming the 173rd member and 23rd Asian member of the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum).

High-quality teas lead firming trend as auctions see moderate supply

TISL urges full financial independence for CIABOC

Transparency International Sri Lanka (TISL) has raised concern over the failure to grant the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) full financial and operational independence, cautioning that the delay undermines its credibility as the country’s lead anti-graft institution.