HNB’s 1Q profit jumps 49% on lower interest costs

Hatton National Bank (HNB) saw its earnings climb in the first quarter of 2025, with group profit after tax rising 49 percent year-on-year to Rs 11.1 billion.

SriLankan eyes five new aircraft including two narrow-bodies by 2026

Sri Lanka’s loss-making national carrier, SriLankan Airlines, plans to add five new aircraft including two narrow-body planes to its fleet by March 2026, according to a top company official.

DFCC Bank posts Rs. 2.8 bn PAT in 1Q25

DFCC Bank PLC posted a profit before tax (PBT) of Rs. 3,912 million and a profit after tax (PAT) of Rs. 2,768 million for the period ended 31 March 2025, compared to a PBT of Rs. 4,733 million and PAT of Rs. 3,134 million a year earlier.

SLT Group delivers strong 1Q25 as Mobitel lifts top line

Sri Lanka Telecom (SLT) Group reported a profit after tax of Rs. 2.00 billion for the quarter ended 31 March, sharply higher than Rs. 156 million a year earlier, supported by tighter financial management and improved operational efficiencies.

DIMO excels at Mercedes-Benz Service Excellence Regional Award Ceremony

DIMO, the Authorized General Distributor for Mercedes-Benz in Sri Lanka, won the ‘General Distributor Award’ at the Mercedes-Benz Service Excellence – Regional Award Ceremony, surpassing the peers in the Southeast Asia region.

CBSL Governor addresses People’s Bank staff

Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, delivered the keynote speech under the theme ‘Bankers’ Responsibilities in Alignment with the Policy Agenda of the Central Bank of Sri Lanka for 2025 and Beyond’ at a special staff gathering session held at the People’s Bank Staff Training College Auditorium in Colombo 05.

HNB and UNIMO Enterprises collaborate to offer vehicle leasing solutions

HNB PLC has entered into a strategic partnership with UNIMO Enterprises Ltd to offer an array of exclusive vehicle leasing options.

Emirates showcases next-gen cabin experience with updated A350

In a stylish showcase of aviation elegance, Emirates Airlines welcomed Sri Lankan media and industry leaders aboard its updated Airbus A350 to offer a taste of the Emirates luxury travel experience.

American Chamber kicks off Bootcamp 2025

The American Chamber of Commerce in Sri Lanka (AmCham SL), in collaboration with the US Embassy, launched the second edition of AmCham Bootcamp 2025.

DMASL Digital Summit 2025 in July

The Digital Marketing Association of Sri Lanka (DMASL) announced that DMASL Digital Summit 2025 is scheduled to take place on July 24 and 25, in Colombo.

Mercantile Investments opens Kilinochchi, Puthukkudiyirippu branches

In its continuous efforts to expand its reach and advocate financial inclusivity across Sri Lanka, Mercantile Investments recently opened two new branches in the Northern province.

DFCC Bank-Home Lands Skyline offer zero down payment home loans

DFCC Bank, in an exclusive partnership with Home Lands Skyline, announced a breakthrough in home financing by introducing a zero down payment home loan.

NSBM-BOC sign strategic loan agreement

NSBM Green University signed a strategic loan agreement with Bank of Ceylon (BOC) to support the ongoing phase II development of its Homagama campus.

John Keells-Moratuwa Uni mark 19 years of collaboration

The John Keells Group Transportation Sector marks 19 years of impactful collaboration with the Transport Management and Logistics Engineering Department at the University of Moratuwa, reinforcing its long-standing commitment to human capital development in Sri Lanka’s transportation and logistics industries.

Dipped Products unveils Hanwella EcoPulse Nature Reserve

Dipped Products PLC (DPL) unveiled its pioneering EcoPulse Nature Reserve—an innovative biodiversity haven—at the heart of its Hanwella manufacturing facility.

Asus’ Sri Lanka market share hits 40%

Asus and Republic of Gamers (ROG) Sri Lanka recently launched their latest computing innovations,

DFCC Bank’s Anton Arumugam new APB President

DFCC Bank PLC congratulates Senior Vice President Offshore Banking, Remittances and Business Development Anton Arumugam on his appointment as the 36th President of the Association of Professional Bankers (APB) Sri Lanka for the 2025/26 term.

Bristo Products wins National Industry Brand Excellence Award

Bristo Products has been honoured with the Best National Industry Brand Award (Small Scale) in the Other Industry Sector, at National Industry Brand Excellence Awards 2024.

OTTO Bathware earns SLS certification

OTTO Bathware has received Sri Lanka Standards (SLS) certification from the Sri Lanka Standards Institution (SLSI).

Nex-Gen revolutionises as-built surveying

Nex-Gen Engineering Studio is leading a significant transformation in the field of as-built surveying through the integration of advanced drone-based 3D LiDAR (Light Detection and Ranging) laser scanning technology.

Tariff jitters cast long shadow over SL’s rubber sector

The global rubber market is already feeling the tremors of policy uncertainty, with Sri Lanka caught in the crosshairs, analysts said, while warning there could be a prolonged and painful reshuffle of trade routes, pricing and production flows.

CAL’s Rs.1.58bn IPO oversubscribed unprecedented 10 times

Capital Alliance Holdings Limited’s (CALH) Rs.1.58 billion initial public offering (IPO) was oversubscribed an unprecedented 10 times.

Fitch assigns Vidullanka’s proposed sukuk ‘A+(lka)’ final rating

Fitch Ratings has assigned a final National Long-Term Rating of ‘A+(lka)’ to Sri Lanka-based renewable power producer Vidullanka PLC’s proposed Rs.500 million sukuk issuance.

MBSL’s subordinated debt assigned final ‘BBB+(lka)’ by Fitch

Fitch Ratings has assigned Merchant Bank of Sri Lanka & Finance PLC’s (MBSL, A(lka)/Stable) proposed subordinated debentures of up to Rs.1 billion a final National Long-Term Rating of ‘BBB+(lka)’.

Dialog Axiata posts strong 1Q results with 20% core revenue growth

Dialog Axiata PLC reported a consolidated revenue of Rs.43.3 billion for the first quarter ended March 31, 2025, marking a 4 percent year-on-year (YoY) increase.

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Indices edge up during the week

The ASPI edged down as a result of price losses in counters such as Cargills, Hemas Holdings and Teejay Lanka with the turnover crossing Rs. 1.5 Bn.

Muted morning trading gives way to post-auction activity

Yesterday the secondary market remained rather dormant during the early hours of trading, however activity picked up following the T-bond auction.

BOI & FTZMA begin construction of Children’s Day Care & Learning Centre

The Board of Investment of Sri Lanka (BOI), in collaboration with Free Trade Zone Manufacturers’ Association (FTZMA),

Hemas Pharmaceuticals provides humanitarian assistance to Myanmar

Hemas Pharmaceuticals recently contributed to humanitarian efforts in Myanmar in the wake of a 7.7 magnitude earthquake that caused widespread destruction on the 25thof March with a donation of essential medicines.