NDB Wealth introduces Xapp digital investment platform

NDB Wealth, being the largest private sector asset manager, renowned for its bespoke financial solutions tailored to individual investment needs, with over 350 billion assets under management, has launched Xapp, a digital investment platform designed to enhance investment management with real-time access, greater control and improved flexibility.

LankaPay Technnovation Awards 2025 to honour finnovation champions

LankaPay – Sri Lanka’s national payment network, announced the seventh edition of its signature event - LankaPay Technnovation Awards 2025, Sri Lanka’s first and the only payment technology innovation awards, at a press conference held on March 4, at Hilton Colombo Residencies.

Shangri-La Hambantota accelerates action for women’s empowerment

As the world unites to celebrate International Women’s Day 2025, Shangri-La Hambantota embraces this year’s theme ‘Accelerate Action’ by strengthening its commitment to women’s empowerment, leadership and inclusivity. With 20 percent of its workforce comprising talented, dedicated women, the resort continues to break barriers, foster career growth and create lasting opportunities for women in hospitality and beyond.

SLTDA-British High Commission eLearning platform to strengthen tourism sector

The British High Commission and Sri Lanka Tourism Development Authority (SLTDA) introduced a counter-terrorism awareness eLearning platform, aimed at enhancing security awareness and resilience within Sri Lanka’s tourism industry.

Brandix donates year’s stationery to 10,559 children across Sri Lanka

Sri Lanka’s premier apparel solutions provider Brandix continued its commitment to support learning and development amongst future generations, distributing school essentials for the entirety of this year to 10,559 children.

Seven Media Group appoints new CEO

Seven Media Group (Pvt.) Ltd, one of Sri Lanka’s leading full-service agencies, announced the appointment of Nathasha Martyn as its new Chief Executive Officer (CEO).

JAT crosses Rs.1bn PAT amidst strong 3Q performance

JAT Holdings PLC has recorded a stellar performance for 3Q of FY 2024/25, crossing the Rs.1 billion mark in profit after tax (PAT) for the first nine months of the financial year.

Pan Asia Bank partners 146th Royal-Thomian cricket clash

Pan Asia Bank announced its partnership as the official banking partner for the historic 146th Cricket Encounter between S. Thomas’ College and Royal College.

Sri Lanka Insurance General honours top performers at Star Awards

Sri Lanka Insurance Corporation General Ltd (SLICGL) hosted the Sri Lanka Insurance General Star Awards recently, at Shangri-La Colombo, celebrating the outstanding achievements of its top-performing sales professionals.

WSO2 to train on Linux system administration, DevOps

WSO2, the leader in digital transformation technology, announced a free six-month training programme in Linux system administration and DevOps engineering, as part of its corporate social responsibility initiative.

SEC and Central Bank warn public of rising investment schemes

The Securities and Exchange Commission of Sri Lanka (SEC) has recently raised concerns about a growing trend of investment schemes promoting offshore market opportunities.

Fitch assigns Sampath Bank’s Basel III subordinated debt final ‘A(lka)’

Fitch Ratings has assigned Sampath Bank PLC’s (AA-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of Rs.10 billion a final National Long-Term Rating of ‘A(lka)’.

Union Bank records steady performance in December quarter

Union Bank of Colombo PLC delivered strong financial results for the three months ending December 2024, driven by robust core banking operations and a modest reversal of loan provisions.

MAS Holdings strengthens India presence with new Odisha factory

MAS Holdings, South Asia’s largest apparel manufacturer, is expanding its regional footprint with its first production facility in India’s Odisha state, with the aim of capitalising on the neighbouring giant’s booming retail market.

New high-end residential project ‘The Maison’ to enter Colombo with US $ 9.08mn

Colombo’s real estate market is set for a new addition, as One 2 One Ltd has signed a US $ 9.08 million agreement with the Board of Investment (BOI) to develop a high-end residential project in Sri Lanka’s commercial capital.

Cartoon of the Day 06-03-2025

Indices gain with turnover crossing LKR 5 Bn

The ASPI closed in green as a result of price gains in counters such as Sampath Bank, Bukit Darah and Hayleys with the turnover crossing Rs. 5.1 Bn. A similar behaviour was witnessed in the S&P SL20.

Mixed stance persists, resulting in moderate trading volumes

In yesterday’s weekly T-bill auction, the weighted average yield rates experienced a slight further decline.

Cargills Bank records Rs. 1,150 mn PBT for 2024

Cargills Bank’s results for the year ended 31 December 2024 reflected a YoY increase of 48 percent in profitability.

LOLC Life Assurance becomes Sri Lanka’s fastest growing life insurer of 2024

LOLC Life Assurance has achieved a record-breaking milestone in 2024, surpassing Rs. 8 billion in Gross Written Premiums (GWP) and achieving the highest growth rate in the industry at 46 percent.

Seylan Bank’s Sales Team continues to shine at SLIM National Sales Awards

Seylan Bank’s young sales team continued its upward trend in excellence, distinguishing itself at the recently concluded Sri Lanka Institute of Marketing (SLIM) National Sales Awards (NSA) 2024 with six members receiving accolades

Oxfam partners with LOWCODEMINDS Sri Lanka to establish technology center

Oxfam, a global confederation of charitable organizations focused on alleviating poverty, reducing inequality, and advocating for social justice, has entered a strategic partnership with LOWCODEMINDS Sri Lanka,

INSEE Cement recognizes and celebrates excellence at Business Partner Awards

INSEE Cement, Sri Lanka’s #1cement manufacturer and supplier honoured outstanding business partners at its annual Business Partner Awards 2025 at an event held at Cinnamon Life, City of Dreams recently.

Royal Thai Embassy and Ceylon Chamber host Business Forum

At the invitation of the Royal Thai Embassy in Colombo, The Ceylon Chamber of Commerce, together with the Chamber’s Sri Lanka Greater Mekong Business Council,

SLT-Mobitel ‘Innovation Day’ celebrates employee-driven, game-changing solutions

SLT-Mobitel Innovation Day 2024 took place at the Embryo Innovation Center, Trace City, Maradana recently, showcasing a compelling lineup of groundbreaking ideas and transformative solutions developed by employees across the organization.

Raja Jewellers wins Best National Industry Brand Award 2024

Raja Jewellers has been awarded as the Best National Industry Brand of the year 2024, positioning itself as the leader of the gem and jewellery industry in Sri Lanka.

AuroraRCM and NSBM enter into partnership to develop NextGen healthcare professionals

AuroraRCM, an AI-enabled Financial Technology company in the healthcare space, has entered into a partnership with NSBM Green University, one of Sri Lanka’s biggest institutions for higher education, setting the stage for an ambitious vision of developing the next generation of healthcare technology professionals in the country.

Vegolicious introduces high-protein noodles and cookies

Vegolicious, Sri Lanka’s first plant-based protein food brand, has introduced two exciting new products to the market—High Protein Multi Grain Noodles and High Protein Multi Grain Cookies.

Pussalla crowned Best National Industry Brand 2024 in agri sector

Pussalla has once again solidified its position as a trendsetter in Sri Lanka’s agri-based industry by winning the prestigious Best National Industry Brand 2024 (large scale) award in the Agri-Based Industries category.

DIMO Healthcare elevates Durdans Hospital’s cardiac care

Durdans Hospital, the first hospital in Sri Lanka to implement an Electrophysiology (EP) system, has now upgraded to the advanced Abbott WorkMate Claris 2D from DIMO Healthcare, further enhancing the cardiac care treatments offered by the hospital