Auction yields slump; yields continue to decline

At yesterday’s weekly T-bill auction, the weighted average yields registered a marginal dip.

FITIS says 2025 Budget driving a digital economy revolution with SME growth and cashless payments

President Anura Kumara Dissanayake’s 2025 budget marks a transformative step in Sri Lanka’s economic recovery, placing the digital economy at the core of the nation’s growth strategy.

HNB introduces country’s first World Elite Metal Mastercard

Hatton National Bank (HNB) has unveiled its exclusive first World Elite Metal Mastercard, “Club Elite”introducing a new echelon of luxury banking to Sri Lanka’s payment landscape.

Alliance Finance pioneers SL’s first NBFI Green Bond to drive sustainable development

Alliance Finance Company PLC (AFC) announced the issuance of Sri Lanka’s first Green Bond by a Non-Banking Financial Institution (NBFI).

NCE commends budget; says it’s a holistic approach to boost economic growth

The National Chamber of Exporters of Sri Lanka (NCE) commends the Government of Sri Lanka on the presentation of the National Budget 2025.

Vallibel Finance opens new branches in Kekirawa and Elpitiya

Vallibel Finance recently expanded its footprint with the opening of two new branches in Kekirawa and Elpitiya.

SLASSCOM to attend NASSCOM Technology and Leadership Forum 2025 as Country Partner

The Sri Lanka Association for Software Services Companies (SLASSCOM) has announced its participation at the NASSCOM Technology and Leadership Forum (NTLF) 2025,

Aitken Spence launches DRR initiative leading private sector efforts

Aitken Spence held its first flagship Disaster Risk Reduction (DRR) programme recently to bring awareness to the importance of looking at increasing resilience building mechanisms, practical process creation for disaster response and always looking at reducing hazards be it natural or man-made.

People’s Auto Loan helps unlock your dream vehicle

Owning your dream vehicle is now within reach with the People’s Auto Loan from People’s Bank.

People’s Leasing and DIMO partner to support country’s agriculture

People’s Leasing & Finance PLC has partnered with diversified conglomerate DIMO to introduce a dedicated finance scheme designed to support Sri Lanka’s agricultural sector.

El Toro wins Silver Effie Award for ‘Good News Calendar’

El Toro announced that its pioneering ‘Good News Calendar’ initiative has earned the Silver Award in the Brand Experience category at the 2024 Effie Awards.

Hayleys Solar secures distribution rights for Bluetti Power Stations in SL

Hayleys Solar, the renewable energy arm of Hayleys Fentons Limited, has secured exclusive distribution rights for Bluetti Power Stations in Sri Lanka.

NDB hosts exclusive Customer Engagement Forum in Jaffna

NDB Bank recently hosted a Customer Engagement Forum at the North Gate Hotel, Jaffna. The exclusive event brought together 100 invitees, including the Bank’s top-tier clientele, SMEs, and

Implementing export proposals critical for debt repayment by 2029: Economist

The active implementation of export-related proposals in Sri Lanka’s 2025 budget would be critical for the government to meet the country’s debt repayment obligations in four years, a senior economist said yesterday. Although policy frameworks such as the Public Finance Management Act (PFMA) and the Central Bank Act will help maintain macroeconomic fiscal stability, the risk of debt sustainability remains severe as the national debt-to-GDP ratio

Dialog Dec. quarter reports solid operational level performance

Strong operational level performance helped Dialog Axiata PLC report some solid financial performance for the three months ended in December 2024 as the group consolidated both its operations and financial performance with acquisition partner Bharti Airtel Lanka Private Limited.

2025 Budget targets inclusive growth through bold reforms: CCC

The Ceylon Chamber of Commerce (CCC), the premier representative of Sri Lanka’s private sector welcomed “bold proposals” in the budget, as majority aligned with its recommendations, the Sri Lanka Economic Summit discussions, and Vision 2030 goals.

Sri Lanka Banks’ Association welcomes budget as “Positive”

Sri Lanka’s banks described the Budget 2025 as “positive” and one that seeks to maintain policy consistency, especially on the fiscal path.

Indices continue to close in green

Indices closed in green as a result of price gains in counters such as Melstacorp, Hatton National Bank and Hemas Holdings with the turnover crossing Rs. 5.4 bn.

Buying stance emerges, yield curve declines on short and mid tenors

Following the Budget 2025 announcement, the yield curve in the secondary market declined across the short and mid tenors, as investors adopted a buying stance. This shift led to heightened trading volumes and increased market activity.

Government aims for higher trade revenues with expanded FTAs, MSME support

As Sri Lanka looks to generate higher revenues via trade, the government yesterday unveiled a more aggressive trade strategy under a five-year National Export Development Plan (2025-2029).

SriLankan wraps up Salam Air A321neo maintenance work

The Engineering team of SriLankan Airlines successfully wrapped up the base heavy maintenance on an A321neo aircraft for long-term repeat customer Salam Air, ahead of the scheduled completion date.

HNB with Abans Auto offers leasing for Hyundai buyers

HNB PLC has entered into a strategic leasing partnership with Abans Auto (Pvt.) Ltd, the authorised distributor for Hyundai vehicles in Sri Lanka, to deliver vehicle leasing solutions that are rewarding.

HNB Finance relocates Mullaitivu branch

HNB Finance PLC, Sri Lanka’s leading integrated financial services provider, announced the relocation of its branch in Mullaitivu.

NDB Bank-Bishop’s College launch exclusive Affinity Credit Card

NDB Bank has partnered with Bishop’s College to introduce an exclusive Affinity Credit Card, offering its esteemed alumnae, present parents, teachers and school community a host of financial benefits and privileges.

Union Assurance recognised for excellence at TAGS Awards 2024

Union Assurance, Sri Lanka’s premier life insurer, has been honoured at the prestigious TAGS Awards 2024 for its exceptional financial reporting and unwavering commitment to transparency.

EDB empowers Eastern province entrepreneurs

The Sri Lanka Export Development Board (EDB) successfully organised an awareness seminar on the New Exporter Development Programme on February 18, 2025, at the Techno Park of Eastern University, in Batticaloa. This event marked a significant milestone in the EDB’s efforts to enhance the export potential of entrepreneurs in the Eastern province.

Ogilvy’s Geometry Global bags double Effie Golds

Geometry Global, a strategic business unit of the Ogilvy Group Sri Lanka, won two coveted Gold awards at the recently concluded Effie Awards Sri Lanka 2024.

Hayleys Fentons recognised at Int’l Business Magazine Awards

Hayleys Fentons Limited, a trailblazer in Sri Lanka’s engineering sector, has been honoured as the Best One Stop Destination for Engineering Needs, Sri Lanka 2024, at the prestigious International Business Magazine Awards. Held recently in Dubai, the awards ceremony celebrates global businesses that excel in delivering outstanding solutions and driving innovation.

AIA Insurance recognised as Best Life Insurance Company in Sri Lanka for 5th year

AIA Insurance marks its fifth year of being recognised as the Best Life Insurance Company in Sri Lanka. Awarded by the internationally renowned Capital Finance International (CFI) and Global Banking and Finance Review (GBFR), these supreme achievements stand as a testament to AIA’s unwavering commitment to innovation, customer-centricity and community empowerment in the face of unprecedented challenges.

Koko-LankaPay partnership simplifies digital lending in Sri Lanka

Koko, Sri Lanka’s pioneering buy now, pay later (BNPL) provider, has entered into a strategic partnership with JustPay by LankaPay, the country’s leading payment gateway, to make digital lending more accessible for Sri Lankans.