Dubai FinTech Summit 2025 spotlights Sri Lanka

The recently concluded Dubai FinTech Summit 2025, held on May 12 and 13, at Madinat Jumeirah, under the patronage of Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, convened some of the world’s most disruptive minds in finance and technology.

Change of guard at COYLE

Raddella Holdings Managing Director Thushira Raddella, who recently completed his tenure as COYLE President, reflected on the year gone by, COYLE’s future plans as well as the way forward for Raddella Holdings, as he handed over the reins of this now formidable business chamber to his successor.

First Capital earnings ease as extraordinary gains in FY24 recede

First Capital Holdings PLC reported a total comprehensive income of Rs. 5.0 billion for the year ended March 31, 2025, down from Rs. 10.1 billion a year earlier, as gains normalised following a sharp decline in interest rates in the previous year.

Seylan Bank continues collaboration with Kedella Construction Expo

Seylan Bank continued its collaboration with the Kedella Construction Expo in 2025 for the 13th consecutive year as the event’s title and official banking partner.

DFCC Bank concludes Mega Town Campaign

DFCC Bank PLC successfully concluded its Mega Town Storming Campaign, a high-impact, nationwide initiative designed to increase awareness and adoption of DFCC Bank’s current accounts while reinforcing the bank’s presence as a people-first, community-driven financial institution.

OREL Cloud secures SL’s 1st ISO/IEC 27017 certification

OREL IT announced a landmark achievement for Sri Lanka’s digital ecosystem: OREL Cloud has become the first local cloud provider in the country to be certified under ISO/IEC 27017.

IPS releases latest publication titled ‘Estimating Aswesuma Effectiveness’

While Sri Lanka slowly recovers from its largest economic crisis so far, social protection programmes are central to the country’s growth.

Singer launches new range of Piaggio Apé three wheelers

Singer Sri Lanka PLC unveiled the latest range of Piaggio Apé three wheelers in Colombo recently.

CFA Institute makes public India focused study on finfluencers’ role in investment decisions

CFA Institute has released a new report titled “Clicks and Credibility: Understanding Finfluencers’ Role in Investment Decisions”,

Hayleys Fentons Mobility unveils StarCharge EV tech in SL

Hayleys Fentons officially launched the StarCharge electric vehicle (EV) charging solutions to the local market, marking a major leap in the country’s clean mobility infrastructure.

Evolution Auto-Union Bank offer financing solutions for EV buyers

Evolution Auto (Pvt.) Ltd, Sri Lanka’s leading electric vehicle (EV) solution provider, partnered with Union Bank of Colombo PLC to offer exclusive auto loans and leasing facilities to make EV ownership more accessible.

DIMO delivers KALMAR DCU80 to IWS Logistics

DIMO, the authorised distributor for KALMAR equipment in the country, recently delivered the state-of-the-art KALMAR DCU80 empty container handler (ECH) to IWS Logistics (Private) Limited.

HNB Assurance opens new Jaffna branch

Strengthening its footprint across Sri Lanka, HNB Assurance PLC officially opened its newest branch in Jaffna, located at No. 521, Point Pedro Road, Nallur.

SLT-Mobitel and Pensions Department renew partnership

SLT-Mobitel and the Pensions Department extended their longstanding strategic partnership, strengthening the shared commitment to enhancing digital inclusion for Sri Lanka’s state sector pensioners.

NDB Bank-Mastercard debit card to drive digital payment adoption

NDB Bank launched the NDB Mastercard debit card, marking a significant milestone in the bank’s journey towards driving digital payment adoption and promoting financial inclusion, while delivering great value to its customers.

Sri Lanka’s exports rebound in April

Sri Lanka’s export engine gathered pace in April 2025, marking an 8.74 percent year-on-year (YoY) growth, with earnings reaching US $ 1.29 billion.

UK urges SL to ease market barriers to boost £1.6bn trade ties

The UK is keen to see Sri Lanka reduce market access barriers and improve ease of doing business and enhance transparency, which will further boost the trade and investment relationship between the two nations.

CPEX confirms resumption of TEMU deliveries across SL

As Sri Lankan customers of TEMU are facing delays in receiving their parcels, CPEX Sri Lanka, an official delivery agent for the Chinese e-commerce company, affirmed the resumption of the dispatches.

LOLC Finance posts record Rs.25bn profit

LOLC Finance PLC set a new benchmark in the non-bank financial institution (NBFI) sector by reporting an outstanding profit after tax of Rs.25 billion for the financial year ending March 31, 2025.

JAT Holdings lifts bottom line despite export slump

JAT Holdings PLC closed the financial year ending March 2025 on a stronger bottom line, with cost efficiencies and strategic integration efforts driving up profitability.

Secondary market opens strong with active buying

The secondary market began the week with a sustained buying sentiment, echoing the momentum seen in previous sessions.

Net foreign inflow for 7 straight sessions

The ASPI edged up as a result of price gains in counters such as Ceylon Cold Stores, Hemas Holdings and Hayleys with the turnover crossing Rs. 3.7 Bn. Meanwhile, the S&P SL20 edged down. High net worth and institutional investor participation was noted in Dialog Axiata, Hemas Holdings and Lion Brewery. Mixed interest was observed in ACL Cables, Lanka Milk Foods and Sunshine Holdings whilst retail interest was noted in LVL Energy Fund , Lanka Cred

Alibaba.com’s export strategist to guide Sri Lankan SMEs on expanding global footprint

The Ceylon Chamber of Commerce will host a special session on May 29th featuring a high-level executive from Alibaba.com, aimed at helping Sri Lankan Small and Medium Enterprises (SMEs) expand their global footprint and tap into new overseas markets.

SMI Point signs agreement for US$ 22.4mn apartment complex in commercial capital

SMI Point Limited, a luxury developer, has signed an agreement with the Board of Investment (BOI) for a US$ 22.4 million worth 102-apartment luxury residential complex in the heart of the commercial capital Colombo.

ASEAN and S. Asia scholars unite under millennium project’s new regional website

The official grand launch event of the Millennium Project South Asia regional website (www.southasiaforesight.net) took place at the Nation Building International Institute (NBII) in Bangkok, Thailand recently.

ACCA strengthens Accounting education through ALP network

The Association of Chartered Certified Accountants (ACCA) is amplifying its impact in Sri Lanka through a dynamic and expanding network of Approved Learning Partners (ALPs).

Allianz Insurance Lanka introduces ‘SheResumes’ to support women to return to workforce

Allianz Insurance Lanka Limited has introduced ‘SheResumes’, an initiative designed to support women who have taken a career break and are ready to return to the workforce. The programme focuses on providing women with the tools, skills, and confidence they need to successfully re-enter their careers.

Pan Asia Bank excels at Great Manager Awards 2024

Pan Asia Bank has once again been recognized as a trailblazer in leadership excellence, being honoured at the Great Manager Awards 2024, organized by the Colombo Leadership Academy. This award is presented to organizations that demonstrate a strong commitment to cultivating exceptional leadership, fostering a high-performance culture, and setting benchmarks in talent development across industries.

David Pieris energises Leema Creations with solar installation

David Pieris Solar Energy-has completed a mega scale rooftop solar installation at the factory premises of Leema Creations (PVT) Ltd.

MillenniumIT ESP Singapore and Microsoft host event showcasing future of security

MillenniumIT ESP Singapore, in strategic partnership with Microsoft, hosted an exclusive event titled “Next-Generation Security and Automation: A Deep Dive into Microsoft Sentinel and Copilot Studio” at the Microsoft Singapore Office.