Association of Professional Bankers Sri Lanka announces 2025/26 Committee

The Association of Professional Bankers (APB) Sri Lanka has announced its committee for the 2025/26 term at its recent Annual General Meeting held at The Kingsbury Colombo.

Sampath Bank adjudged ‘Best Commercial Card Issuer’ by Visa

Sampath Bank was recognised as the Best Commercial Card Issuer in Sri Lanka for the second consecutive year by Visa, reaffirming its leadership in the commercial payments sector.

SDF joins Global Banking Alliance to host Annual Board Meeting in Sri Lanka

Sarvodaya Development Finance PLC (SDF) has secured the full membership in the Global Alliance for Banking on Values (GABV), an international network of banks working to build a more sustainable and inclusive financial system.

Indices close on a positive note

The ASPI closed in green as a result of price gains in counters such as Hayleys, Ceylon Tobacco Company and Royal Ceramics with the turnover crossing Rs. 2.2 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Dipped Products, Access Engineering and Lanka IOC. Mixed interest was observed in John Keells Holdings, Hayleys and CIC Holdings whilst retail interest was noted in Nat

T-bill yields edge up as demand remains lacklustre

Yesterday, the weekly T-bill auction concluded with a modest increase in average weighted yields, while the accepted amount fell short of the initial offering amid tepid demand.

Seylan Bank offers tailored banking solutions for students studying overseas

Seylan Bank has initiated its Student File Service to aid students aiming to pursue a higher education overseas. The service, also intended for adults migrating for educational purposes, includes features aimed at uncomplicating finances, facilitating seamless international university payments, and easing the living expenses of students working on their higher studies.

People’s Bank relocates Pulmoddai branch to new facility

People’s Bank recently celebrated the relocation of its Pulmoddai branch to a new and improved facility, marking another milestone in its commitment to delivering enhanced banking services. The ceremonial opening was graced by the Chief Executive Officer/General Manager of People’s Bank, Clive Fonseka.

LB CIM App crowned ‘Most Popular Digital Payment Product’

LB CIM (Cash in Mobile) App, Sri Lanka’s first AI-powered digital loan and payments platform, was awarded the title of “Most Popular Digital Payment Product” at the LankaPay Technnovation Awards 2025. The award was presented at a grand ceremony on 26th March 2025 at the Shangri-La Hotel, Colombo, recognizing the app’s popularity driven by overwhelming customer votes.

Roar Adx celebrates five years of fuelling Meta advertising success in South Asia

Roar Adx, a digital platform media solutions company, celebrates five years of driving Meta advertising solutions and growth for brands across the country.

DFCC Bank partners with Orion Stellar to enhance digital infrastructure

DFCC Bank has partnered with Orion Stellar to strengthen its digital infrastructure further.

Arpico Insurance PLC welcomes Rohan Muttiah to director board

Arpico Insurance PLC recently announced the appointment of Rohan Muttiah to its Board of Directors.

John Morris Group relocates to new office

John Morris Group (JMG), an Australian supplier of research, laboratory, and analysis equipment, has relocated its Colombo office to a prime location in Colombo 3, marking a significant step in its growth in Sri Lanka.

Baby Cheramy clinches People’s Awards 2025

Baby Cheramy announced that it has been awarded the SLIM Kantar People’s Best Baby Care Brand of the Year Award 2025.

ACL Cables announces new board appointments

ACL Cables PLC has announced key changes to its Board of Directors, reinforcing the commitment to strong governance and strategic growth.

Govt. blocks carbon credit trading

The government has reportedly halted progress on establishing a carbon credit trading system, effectively preventing private sector entities from participating in such trades.

Tourism sees robust 1Q25 with monthly arrivals exceeding 200,000 mark

Sri Lanka’s tourism sector demonstrated strong growth in the first quarter of 2025, with international visitor arrivals consistently surpassing the 200,000 mark each month, according to provisional data released by the Sri Lanka Tourism Development Authority (SLTDA).

Demonetisation on the cards for SL

Sri Lankan authorities could look at potential demonetisation—to push the population to embrace digital payments once all key elements of the country’s digital infrastructure is in place, possibly two years down the line.

DFCC Bank plans wealth management and investment services arm

DFCC Bank yesterday said efforts are underway to establish a fully owned subsidiary to carry out wealth management and investment banking services.

LOLC Finance sells Commercial Insurance Brokers’ stake

LOLC Finance announced this week that it has disposed the entire stake held in Commercial Insurance Brokers (Pvt) Limited (CIB).

April commences on a positive note

Indices closed in green as a result of price gains in counters such as Melstacorp, Hayleys and Hatton National Bank with the turnover crossing Rs. 1.9 bn.

April opens with mild buying sentiment

April commenced with modest buying sentiment in the secondary market, accompanied by moderate trading volumes.

Sri Lanka and Switzerland discuss ways to strengthen bilateral trade

A meeting was held at the Sri Lanka Export Development Board (EDB) to discuss enhancing bilateral trade relations between Switzerland and Sri Lanka recently.

SLASSCOM invites applications for National Ingenuity Awards 2025

The Sri Lanka Association for Software and Services Companies (SLASSCOM) announced the launch of the 7th annual SLASSCOM National Ingenuity Awards (SNIA) 2025.

UB Finance expands operations in Panadura and Ratnapura

UB Finance PLC recently expanded and relocated Panadura Branch at 297,Galle Road, Panadura, with Chairman of UB Finance PLC Malay Mukherjee gracing the occasion.

Sri Lanka Insurance Life expands island wide presence

Sri Lanka Insurance Life further expanded its presence in the Southern region with the opening of the Agency Business Development Center (ABDC) in the Thelijjawila area attached to the Matara Branch.

Fairway Holdings announces leadership transition

Fairway Holdings announced a key leadership transition following the passing of its founder, Hemaka de Alwis.

ComBank shines at LankaPay Technnovation Awards

The Commercial Bank of Ceylon won five Gold awards at the LankaPay Technnovation Awards 2025 held recently

Hidden costs of policy shifts: How Lankan SMEs are coping with rising expenses

For decades, Sri Lanka’s small and medium enterprises (SMEs) have been the backbone of the country’s manufacturing sector, driving local industry, employment, and economic growth.

CFA Society Sri Lanka celebrates achievements of new charterholders

CFA Society Sri Lanka (CFASSL) hosted its annual Charter Awards Ceremony and Oration on 26th March at the Bandaranaike Memorial International Conference Hall (BMICH), Colombo.

MCB Bank unveils innovative banking solutions

MCB Bank Limited Sri Lanka announced the launch of two new financial solutions designed to meet the evolving needs of its customers; MCB Smart Flex Current Account and MCB Live – Internet Banking Services for SME and Corporate Customers in addition to the Mobile Banking App which is already available for individuals.