Market buying spree persists as the yield curve softens

Continuing the previous day’s trend, market participants maintained a buying stance, leading to moderate volumes and activity yesterday.

Turnover crosses Rs. 4.5 bn after 6 sessions

Indices closed in green as a result of price gains in counters such as Melstacorp, Sampath Bank and Commercial Bank with the turnover crossing Rs. 4.5 bn.

Dialog Enterprise expands cybersecurity partnership with Check Point

Dialog Enterprise has strengthened its partnership with Check Point Software Technologies Ltd, through South Asian Technologies Group, to offer advanced security solutions that protect Sri Lankan businesses

StanChart appoints Clement Isack as Director, Head of Markets and Sales

Standard Chartered Sri Lanka has appointed Clement Isack as Director, Head of Markets and Sales, effective May 9, 2025.

How US tariffs and a fragile rupee are exposing SL’s export vulnerabilities

Following is based on an interview conducted with Prof. Sirimal Abeyratne, Emeritus Professor of Economics at the University of Colombo.

NSBM Open Day commences tomorrow

The NSBM Open Day exhibition, which is held under the theme of ‘Feel the Splendour of a Green University’, will be held at NSBM Green University in Homagama on May 17 and 18, 2025, from 9:00 a.m.

INSEE Ecocycle recognised at BMPC Awards 2025

INSEE Ecocycle Lanka (Pvt.) Limited, the leader in sustainable waste management in Sri Lanka, received prestigious dual honours at BMPC Awards 2025, organised by the Institute of Chartered Professional

Turyaa Chennai marks a decade of hospitality

Turyaa Chennai, a premier five-star deluxe classified hotel under the Aitken Spence Hotels portfolio, celebrates a decade of redefining hospitality in one of South India’s most dynamic urban corridors.

Seylan Bank with Cinnamon Nature Trails celebrates Paul Goldstein’s Impossible Shot

Seylan Bank, in an exclusive partnership with Cinnamon Nature Trails and Cinnamon Hotels, wrapped up The Impossible Shot, an evening promoting wildlife photography and driving the importance of

Ceylon Chamber announces summit to spotlight SL’s investment potential

Sri Lanka’s potential as an investment destination will come under fresh focus with the Ceylon Chamber of Commerce (CCC) gearing up to host Sri Lanka Economic and Investment Summit 2025.

Credit to private sector accelerates to Rs.173bn

The licensed commercial banks have accelerated their pace of credit to the private sector in recent times, as the borrowing rates stay low while the economy picks up steam, generating demand for fresh credit from individuals and businesses.

NDB Bank 1Q25 profit climbs on reduced impairments, loan growth

National Development Bank PLC (NDB) reported a 168 percent year-on-year (YoY) jump in the first quarter net profit to Rs.1.9 billion, supported by lower impairment charges and steady growth in core banking operations. Total operating income rose 5 percent to Rs.10.6 billion, though net interest income slipped one percent to Rs.8.0 billion, due to a 270-basis-point drop in market interest rates. Net interest margin stood at 3.92 percent.

ComBank closes in on Rs.3tn asset mark with strong 1Q25 performance

Commercial Bank of Ceylon Group made a characteristically strong start to 2025, recording a healthy profit and balance sheet growth in the first quarter of the year.

MBSL sets ambitious target to grow balance sheet to Rs.50bn by 2026

Merchant Bank of Sri Lanka & Finance PLC (MBSL), a subsidiary of Bank of Ceylon, has set an ambitious objective to increase its balance sheet to Rs.50 billion by 2026, following a period of notable financial expansion and strategic initiatives.

Indices record the largest daily gain in 4 weeks

The ASPI closed in green as a result of price gains in counters such as Hatton National Bank, Central Finance Company and Commercial Bank with the turnover crossing Rs. 3.3 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in John Keells Holdings, Sunshine Holdings and LB Finance. Mixed interest was observed in Aitken Spence, Central Finance Company and Dialog Axiata whilst re

Sri Lanka – China Trade & Investment Forum to welcome high-level delegation

A high-level Sri Lanka-China Trade and Investment Forum will be held in Colombo on May 30, hosted by The Ceylon Chamber of Commerce and the Department of Commerce of Sri Lanka, together with the Sri Lanka – China Business Council of the Ceylon Chamber, and the China Chamber of Commerce for Import and Export of Machinery and Electronic Products.

Auction yields hold ground; market kicks off with fresh buying

The Central Bank conducted its weekly T-bill auction yesterday, raising Rs.173.0 billion, in line with the initial offering, whilst of this, Rs.111.1 billion was raised via the 12-month T-bill.

Agalawatte Plantations welcomes Manoj Udugampola to director board

Agalawatte Plantations announce the appointment of Manoj Udugampola to its Board of Directors, effective from 08/05/2025.

LIC Lanka secures Rs. 2000mn capital infusion from parent company

LIC (Lanka) Ltd announced that it has secured Rs.2000 million in capital infusion from its parent company LIC of India.

Monik launches world renowned Walton brand in Sri Lanka

Leading microfinance provider Monik Group of Companies introducing its latest venture to the public, announced the launch of the world-renowned Walton brand of home appliances and consumer electronics in Sri Lanka last week.

Amana Bank upgrades Akurana branch

Amana Bank recently relocated its Akurana branch to Matale Road, offering customers a larger and more convenient space to experience improved banking services.

NDB Bank partners with John Keells Properties to offer exclusive financing for VIMAN Ja-Ela

NDB Bank announced its exclusive partnership with John Keells Properties to provide a 100 percent home loan financing solution for Phase 3 of the VIMAN residential project in Ja-Ela.

Sampath Bank launches Weekend & Holiday POS settlements for CEYPETCO fuel stations

Sampath Bank has become the first local bank to launch a next-day POS settlement feature that functions seamlessly across weekends and public holidays.

ACHE honoured as ‘Best Institute for American Standard Education in SL’

The American College of Higher Education (ACHE), which has been offering American-style education in Sri Lanka for nearly 30 years, was recently honoured as the Best Institute for American Standard Higher Education at the Global Business Excellence Awards 2025.

Increase in MDR for QR code transactions, a step backwards: expert cautions

A recent decision by the Central Bank (CB) to double the Merchant Discount Rate (MDR) for QR code transactions, raising it from 0.5 percent to 1 percent, has ignited strong criticism from a leading digital payments expert and former Central Banker.

ACCA appoints VenturesKey as ACCA Approved Employer

The Association of Chartered Certified Accountants (ACCA), a globally recognized body for professional accountants, has officially appointed VenturesKey as an ACCA Approved Employer, recognizing the organization’s commitment to nurturing professional development and maintaining the highest standards in finance and accounting.

TEDxColombo celebrates the power of ‘MAD’ ideas

TEDxColombo, one of the prominent and long-standing TEDx events in Sri Lanka, announced the 13th edition of its flagship event, scheduled for June 1st, at the Nelum Pokuna Theatre.

Nagarro expands neurodiversity training programme to Sri Lanka

Nagarro, a global leader in digital engineering, recently announced the expansion of its neurodiversity initiative ‘TestingPro’ to Sri Lanka, in collaboration with the Shiranee Joseph de Saram Foundation (SJDSF).

Prime Group appoints Umaria as Global Brand Ambassador

Prime Group has appointed singer Umaria Sinhawansa as its Global Brand Ambassador.

Worker remittances exceed US$ 2bn by April

Workers’ remittances to Sri Lanka surpassed the US$ 2 billion mark in the first four months of 2025. Despite the milestone, cumulative inflows are trailing last year’s pace, official data showed.