Ceylinco Life ranked as SL’s most valuable insurance brand again

Ceylinco Life has been ranked as the most valuable insurance brand in Sri Lanka and the 22nd most valuable brand in the country overall in the 2025 edition of ‘Sri Lanka 100’ released by Brand Finance, the world’s leading independent brand valuation consultancy.

Commercial Insurance Brokers unveils renewed identity and logo

Commercial Insurance Brokers (Pvt.) Ltd (CIBL), a fully-owned subsidiary of Commercial Bank of Ceylon PLC, has unveiled a refreshed brand identity and a modernised logo that underscore its role as a trusted insurance intermediary in Sri Lanka for over three decades.

ComBank, country’s 2nd most valuable brand

Commercial Bank of Ceylon has been ranked as the second most valuable brand in Sri Lanka across all sectors and the most valuable private sector bank brand in the country for 2025 by Brand Finance, the world’s leading brand valuation consultancy.

Evolution Auto unveils Sri Lanka’s largest EV line-up

Evolution Auto, the country’s foremost leader in electrifying transportation, marked a transformative leap for Sri Lanka’s automotive sector by unveiling the nation’s most extensive portfolio of electric vehicles (EV) at Motorshow 2025 held at the BMICH.

Major threat actors active from 2024 - 2025

Spring Dragon (aka Lotus Blossom) has been active for over a decade, with particular interest in Vietnam, Taiwan, and the Philippines. Kaspersky researchers have detected 1,000 malicious samples used by this actor to target government entities in Southeast Asia. Their methods include spear-phishing, exploiting vulnerabilities, and watering hole attacks to infiltrate victims’ systems.

Banking sector deposits swell defying lower interest rates

Customer deposits in the licensed commercial banking sector continued to grow at a faster rate from 2024 through the second quarter of 2025 despite the interest rates on deposits slumping in line with the decline in market interest rates.

Tea auction sees selective buying this week as volumes shrink

Tea auction offerings declined to 5.5 M/Kgs this week, and there had been fair general demand.

CIC Holdings proposes 5:1 share split across both share classes

CIC Holdings board has approved a proposal to sub-divide its ordinary and non-voting (Class X) shares on a five-for-one basis.

Oil steadies on potential Trump-Putin meeting in coming days

Oil prices steadied yesterday, paring early gains after the Kremlin announced that Russian President Vladimir Putin will meet U.S. President Donald Trump in the coming days, raising expectations for a diplomatic end to the war in Ukraine.

Advocata welcomes Free Visa Entry Expansion

The Advocata Institute, while welcoming the government’s recent decision to waive visa fees for tourists from 40 additional countries, calls for broader liberalisation of the visa regime to fully unlock economic opportunities through tourism.

Week ends on a mixed note

The ASPI edged up as a result of price gains in counters such as The Colombo Fort Land & Building, Vallibel One and Melstacorp with the turnover crossing Rs. 3.2 bn. Meanwhile, the S&P SL20 edged down. High net worth and institutional investor participation was noted in John Keells Holdings, Prime Lands Resdencies and Hemas Holdings.

Muted action wraps up the trading week

The secondary market withstood a lukewarm day yesterday ahead of the impending long weekend. Notable transactions were scarce, though measured interest was evident in the short to mid end of the curve.

ComBank-Sathosa Motors drive forward with Isuzu leasing partnership

A new collaboration between Commercial Bank of Ceylon and Sathosa Motors PLC is set to offer Sri Lankan vehicle buyers a powerful combination of value, flexibility and convenience when purchasing Isuzu vehicles.

Amana Bank marks 14 years of operations

Amana Bank marked 14 years of operations on August 1, 2025.

Allianz Insurance Lanka introduces Elevate loyalty rewards programme

Allianz Insurance Lanka Limited announced the launch of Allianz Elevate, an exclusive loyalty programme for its general insurance policyholders.

HNB launches first Trade Hub in Pettah

HNB PLC announced the launch of its first dedicated Trade Hub in Pettah, further strengthening its commitment to supporting Sri Lanka’s importers and exporters with faster, more efficient and more accessible trade finance services.

CH17 Loyalty and Envoy London mark 10 years of partnership

What began as a visionary alliance between CH17 Loyalty and Envoy London, Sri Lanka’s leading name in corporate menswear, has grown into a formidable partnership defined by mutual respect and a commitment to excellence.

People’s Bank relaunches The Economic Review magazine

Marking five decades of contribution to national economic dialogue, People’s Bank ceremoniously relaunched its flagship publication, The Economic Review, recently, at the People’s Bank Staff Training College, Colombo 5.

Würth Lanka welcomes central board leaders

Würth Lanka (Pvt.) Ltd welcomed two key leaders of the Würth group’s central management board: Central Managing Board Member Dr. Reiner Specht and Senior Vice President for South and Southeast Asia Christian Olsen.

DIMO-Bank of Ceylon drive mobility and economic inclusion

DIMO partnered with Bank of Ceylon (BOC) to offer state-of-the-art leasing solutions for a wide range of world-class vehicles, including Mercedes-Benz, Jeep and Tata, within easier reach for all Sri Lankans.

WealthOS achieves WealthTech100 recognition again

WealthOS, a pioneering cloud-native operating system (SaaS) for digital wealth management products, announced its inclusion in the prestigious global WealthTech100 list for the third year running.

DFCC Bank at 70: Investing in people for a purpose-driven future

As DFCC Bank marks its 70th anniversary in 2025, the institution reflects on a legacy rooted in nation-building through human potential.

Priyantha Ranasinghe to lead CIPM for another term

CIPM Sri Lanka unanimously invited outstanding HR professional and business leader Priyantha Ranasinghe as President for the year 2025/26 at its Annual General Meeting held recently at Waters Edge, Battaramulla, amidst its distinguished membership representing the HR fraternity in Sri Lanka.

Sanasa General Insurance-GMOA renew strategic partnership

Sanasa General Insurance Company PLC (SGIC) and the Government Medical Officers’ Association (GMOA) have announced the renewal of their strategic memorandum of understanding (MoU) for the third consecutive year, cementing SGIC’s continued role as the preferred general insurance partner for the esteemed members of the GMOA.

Abans appoints Tilakaratne Dilshan as Haier brand ambassador

Sri Lankan cricket legend and former test captain Tilakaratne Dilshan was appointed as the official brand ambassador of Haier Sri Lanka, brought by Abans PLC.

Finlays-StrEdge collaboration nurtures future-ready leaders

StrEdge Advisory, the business consultancy arm of StrEdge Group of Companies, recently concluded a ten-month Leadership Development Programme for Finlays Colombo Limited.

Prime Group hands over Clover Signature Villas to homeowners

Prime Group celebrated the successful hand-over of Clover by Prime Signature Villas.

‘Most aggressive’ APAC cyber threat group has Sri Lanka in its sights – Kaspersky

Sri Lanka has been identified as a key target for SideWinder, dubbed “the most aggressive threat in APAC” by global cybersecurity giant Kaspersky.

US tariff sparks export diversification push in SL

The Sri Lanka Export Development Board (EDB) convened a high-level forum yesterday to address the repercussions of the 20 percent tariff imposed by the US on a range of Sri Lankan exports.

Casino operators, state bank fined for money laundering lapse

The Financial Intelligence Unit (FIU) has penalised two licensed casino operators and a state-owned bank for lapses in anti-money laundering and counter-terrorist financing compliance, collecting a total of Rs.6.5 million (US $ 22,000) in fines during the first half of 2025, the Central Bank said.