People’s Bank delivers record profit of Rs. 17.7 bn in 1Q25

People’s Bank has reported total consolidated operating income of Rs. 45.1 billion and post-tax profit of Rs. 11.0 billion, reflecting a growth of 120.8 percent and 347.2 percent respectively.

Deepa Mehta spotlights SL’s versatility for global filmmaking

Sri Lanka was hailed as a unique and versatile film destination by acclaimed director and producer Deepa Mehta who highlighted the island’s distinct appeal.

Sri Lankans turn to discretionary spending as consumer behaviour shifts after years

Sri Lankan consumers are gradually shifting spending beyond essentials, supported by easing inflation and modest income gains, in a sign of recovering confidence following years of economic turmoil.

David Pieris buys Sampath Bank stake from Ayenka for Rs.1.4bn

David Pieris Group yesterday picked up 12.5 million Sampath Bank shares, which is about 1 percent of the issued shares of Sri Lanka’s third largest private bank in terms of assets, for about Rs.1.4 billion.

Cargills reports 22.5% profit growth in FY25

Cargills (Ceylon) PLC, one of Sri Lanka’s leading consumer companies, reported a strong financial performance for the financial year ending 31 March 2025, supported by volume-led growth across its key

Yields trend further down, while activity stays soft

The secondary market yield curve continued its downward drift, driven by renewed buying interest, especially evident in the lead-up to yesterday’s T-Bond auction. Despite this momentum, trading volumes

Turnover crosses Rs. 6 bn

The ASPI closed in green as a result of price gains in counters such as LOLC Holdings, Ceylon Cold Stores and John Keells Holdings with the turnover crossing Rs. 6.4 bn.

Janashakthi, fastest growing insurer in 1Q 2025

Janashakthi Life, the fastest growing life insurer in the country, recorded a 49 percent year-on-year increase in gross written premiums for the 1Q 2025, totalling Rs.1,830 million—up from Rs.1,231 million in

ACE Apparel receives OEKO-TEX Organic Cotton certification

ACE Apparel (Pvt.) Ltd Koggala, a subsidiary of Aitken Spence PLC, has become the first and only company in Sri Lanka to receive the prestigious OEKO-TEX Organic Cotton certification for its products.

Korean envoy explores investment opportunities at HIP

Ambassador for the Republic of Korea in Sri Lanka Miyon Lee visited the Hambantota International Port (HIP) recently, to explore the potential business collaborations and assess the port’s operational

HNB-Litro facilitate card, QR-based payments

HNB PLC announced a strategic partnership with Litro Gas Lanka Limited to facilitate card and LankaQR-enabled payments across Litro’s customer touchpoints, including key agents, dealerships and customer

Seylan Bank initiates Eco Solar Loans 2nd phase for SMEs

Seylan Bank continues its commitment to support the growth of the small and medium enterprises (SMEs) by expanding its range of affordable and flexible financing solutions.

First Capital Treasuries reports Rs.3bn PAT for FY 2024/25

First Capital Treasuries PLC announced a profit after tax (PAT) of Rs.3.0 billion for the financial year ended March 31, 2025, demonstrating its financial strength and resilience amid the evolving market dynamics.

NDB Bank-ABEC empower students pursuing overseas education

NDB Bank has further strengthened its commitment to enabling Sri Lankan students to pursue global academic opportunities through a newly signed memorandum of understanding with Australian Business

John Keells Properties-NDB Bank offer best loan interest rate for Viman Ja-Ela

John Keells Properties, in partnership with NDB Bank, has launched the best home loan interest rate in the market 9.75 percent (fixed for one year) available exclusively for purchasers of residences at Viman Ja-Ela.

WSO2 acquires leading API analytics, monetisation start-up Moesif

WSO2, the leader in enterprise digital infrastructure technology, announced it has acquired Moesif, a San Francisco-based start-up specialising in advanced API analytics and monetisation.

Realme appoints Abans as national distributor

Realme, the innovative mobile brand that is made for the youth, has officially appointed Abans as its national distributor in Sri Lanka.

Fairfirst shines at Great Manager Awards

Fairfirst Insurance Limited has once again reinforced its commitment to leadership excellence, securing four individual awards at the recently held prestigious Great Manager Awards 2024, organised by the

DFCC Bank concludes Welipenna leasing campaign

DFCC Bank successfully concluded a dynamic and high-impact leasing promotional campaign at the Welipenna Service Area on the Southern Expressway.

PMF Finance opens 18th branch in Ratnapura

PMF Finance PLC marked another significant milestone in its growth journey, with the ceremonial opening of its 18th branch in the heart of Ratnapura.

SLT Mobitel reaffirms commitment to driving nation’s digital transformation

SLT-Mobitel said it is solidifying its position as a vital pillar of Sri Lanka’s progress, reaffirming its commitment to driving the nation’s digital transformation.

BYD EV demand in Sri Lanka “exceeds expectations”: JKH

The Sri Lankan appetite for electric mobility is accelerating faster than anticipated, with over 5,000 BYD vehicles reserved since the brand’s entry into the market earlier this year, John Keells Holdings (JKH) said this week.

Govt. eyes long-term plan to tackle export sector challenges

The government is looking to craft a longterm industrial development plan as Sri Lanka is moving towards establishing itself as an export-led economy, the President’s Office said.

Mango TV’s ‘Serendipitous Journeys’ puts SL’s East on map

In a timely boost for destination Sri Lanka, China’s Mango TV has wrapped up filming a high-profile reality series in Trincomalee, which when aired, will give a fresh wave of visibility for the island’s east coast and a possible uptick in Chinese outbound travel to the country.

Untapped Northern province gets boost via ILO’s US $ 2.8mn climateresilient development plan

The high-potential but largely untapped Northern province will get a fresh boost with the International Labour Organisation (ILO) rolling out a US $ 2.8 million initiative aimed at climate-smart job creation and inclusive economic recovery. Launched in partnership with the government of Australia and government of Norway, the Generating Resilient Opportunities for Work (GROW) project will run from 2025 to 2028.

SriLankan Engineering achieves CAAT certification to provide MRO services for Thai carriers

SriLankan Engineering, the Maintenance, Repair and Overhaul (MRO) division of SriLankan Airlines, has been certified by the Civil Aviation Authority of Thailand (CAAT) as a Foreign Repair Station and Approved Maintenance Organization (AMO).

Mahindra Ideal Finance delivers strong FY25 results

111% growth in disbursements and 41% surge in profits

Seylan Bank partners with National Industry Expo 2025 for 3rd consecutive year

Seylan Bank stands to support the 3rd consecutive National Industry Expo 2025.

Ambeon Holdings posts strong FY 2024/25 results with Rs. 1,910 mn profit

Ambeon Holdings PLC, a diversified conglomerate with key business interests across Information Technology, Financial Services, Real Estate, and Strategic Investments has announced its interim financial results for the financial year 2024/25.

People’s Bank partners with MasterCard to introduce tailored digital payment solution

People’s Bank has entered into a strategic partnership with MasterCard to launch a suite of innovative, customer-focused digital payment solutions.