NDB Bank launches TradeLinc revolutionising supply chain finance in Sri Lanka

NDB Bank marked a momentous occasion with the official launch of TradeLinc, a revolutionary digital banking solution that is set to redefine supply chain finance in Sri Lanka.

COYLE’s Future Founders Programme empowers young visionaries

The Chamber of Young Lankan Entrepreneurs (COYLE) has long been at the forefront of promoting entrepreneurship in Sri Lanka, fostering innovation and empowering individuals to transform industries.

Mercantile Investments expands footprint in the North

Mercantile Investments announced the launch of its 70th and 71st branches in Nelliady and Manipay, further solidifying its commitment to serving the Northern region of Sri Lanka.

Is the country prepared to harvest potential dollar income through its rubber industry?

Sri Lanka earned US$ 930 million from the export of both raw rubber and rubber products in 2023.

SLT-SERVICES empowers Samurdhi Bank’s island wide branch network with homegrown digital platform

Sri Lanka Telecom (Services) Limited (SLT-SERVICES), a leading ICT systems integrator, has partnered with Samurdhi Bank to accelerate its digital transformation journey.

Ninewells launches state-of-the-art gastroenterology & endoscopy service

Ninewells Hospital, a leader in women’s and children’s healthcare, announced the launch of its state-of-the-art gastroenterology & endoscopy service.

John Keells Logistics and AkzoNobel Paints commemorate decade of partnership

John Keells Logistics (Pvt) Ltd (JKLL) marked the 10th operational anniversary of its partnership with AkzoNobel Paints Lanka (Pvt) Ltd at an event held recently at the JKLL Seeduwa Distribution Centre.

Sri Lanka must shift from bailouts and handouts to export-driven growth: ADB

Sri Lanka must focus on developing an export-oriented industrialisation policy rather than relying on bailouts and handouts for economic recovery, the Asian Development Bank (ADB) said yesterday.

Policy stability vital for SL’s investment prospects: JKH Chief Balendra

Business leaders have repeatedly called on the government to prioritise policy stability, but their concerns have gone unheard for decades.

Digital tools and capacity expansion critical to Colombo’s hub port ambitions: CWIT

Digitalisation, automation, and complete logistic integration, along with soon-to-be materialised capacity additions, are critical to putting the Port of Colombo back on the map as one of the best-performing and most efficient hub ports in South Asia and the Indian Ocean, according to a top industry figure.

Banks’ credit to private sector shot up in December in year-end pop

Private credit ended last year with an eye-popping Rs. 1,932.2 billion in fresh credit disbursed by commercial banks—an exceptional amount not seen in many years for a single month, even before the crisis that brought the credit market to a near halt roughly three years ago.

Retailers back VAT refund scheme to attract high-spending tourists

The Sri Lanka Retailers’ Association (SLRA) yesterday welcomed President Anura Kumara Dissanayake’s approval of a value-added tax (VAT) refund programme for tourism, calling it a crucial step in boosting the sector.

Indices closed in red

The ASPI edged down as a result of price losses in counters such as Melstacorp, Sampath Bank and John Keells Holdings with the turnover crossing Rs. 8.4 bn.

Increased activity emerges post auction

Yesterday’s Treasury Bill auction saw a sharp decline in rates across the board. The CBSL raised a total of Rs. 182.5bn with the total offered amount being fully accepted across all three maturities.

CWIT achieves major milestone delivering all equipment to complete Phase 1

Colombo West International Terminal (CWIT) has reached a major milestone in its development journey, with the successful delivery of all equipment required to complete Phase 1.

First Capital Advisory Services and Atarah Capital announce strategic partnership

First Capital Advisory Services (Private) Limited, a subsidiary of First Capital Holdings PLC/ and Atarah Capital (Private) Limited have officially signed a Memorandum of Understanding (MoU) to establish a strategic collaboration aimed at enhancing the corporate finance landscape in Sri Lanka.

DFCC Bank earns triple recognition at Global Banking and Finance Awards

DFCC Bank has been honoured with three significant awards at the Global Banking and Finance Awards 2024, solidifying its position as a customer-focused and sustainable banking leader in Sri Lanka.

Assetline Finance enhances lifestyles financing for brand-new Bajaj Pulsar N160

Assetline Finance Limited announced it is offering flexible and customized financing solutions for customers interested in purchasing the brand new Bajaj Pulsar N160.

ICBS strikes double Gold at ICSG Global Sustainability Awards

Imperial College of Business Studies (ICBS) has made history by clinching the Global Sustainability Gold Award and the Overall Sustainability Society Award at the ICSG Global Sustainability Recognition Awards 2025.

Pan Asia Bank opens in Narammala with express customer onboarding

Pan Asia Bank opened its newest state-of-the-art branch in Narammala recently.

SLASSCOM launches immersive programme to align academia with IT sector

In a significant step to align academia with the rapidly evolving IT sector, the Sri Lanka Association for Software and Services Companies (SLASSCOM) has launched an immersive programme to provide university academics in Sri Lanka with hands-on exposure to corporate environments.

Janashakthi Group launches JXG Management Trainee Programme 2025

The Janashakthi Group (JXG) launched the inaugural JXG Management Trainee Programme 2025, designed to nurture exceptional talent and develop the leaders of tomorrow.

Hayleys Fentons and Hayleys Solar shine at SLIM Brand Excellence

Hayleys Fentons Limited, alongside its renewable energy arm, Hayleys Solar, reaffirmed its market leadership at the SLIM Brand Excellence 2024, held under the theme “Excellence in Human Intelligence” at Monarch Imperial, Sri Jayawardenepura Kotte.

McLarens Group celebrates 75 years of vision, growth and excellence

McLarens Group, a name synonymous with Sri Lanka’s maritime industry, marked its 75th anniversary in December 2024, a significant milestone in its journey of vision, growth, and excellence.

John Keells Consumer Foods Sector triumphs at National Sales Awards 2024

The John Keells Consumer Foods Sector celebrated an extraordinary achievement at the NSA Awards 2024, which was recently concluded at the Monarch Imperial.

“Step up”: President tells private sector

President Anura Kumara Dissanayake delivered a strong message to Sri Lanka’s private sector yesterday, urging them to step up and play their part in uplifting the national economy, rather than leaving the entire burden of transformation on the government.

Amendments to Economic Transformation Act coming up

The government aims to implement the Economic Transformation Act with proposed amendments to attract more investments, President Dissanayake said on Monday.

JKH public holding drops to 74.93% following share issuance to HWIC Asia Fund

Premier blue-chip, John Keells Holdings PLC yesterday affirmed that the public holding percentage of the company as of 24 January 2025 is 74.93 percent.

Govt. assures support to uplift apparel industry workforce with vocational training

The government has reaffirmed its support to uplift apparel sector workforce by pledging to collaborate with industry leaders and align vocational training programmes with evolving needs.

Post-election bull-run in stocks delivers outsize Rs.60bn in MTM gains to EPF: Almas Equities

The post-election bull-run in equities last year was estimated to have given an outsize boost to the value of the equities component of Employees Provident Fund (EPF) portfolio, lifting the total fund value which is disproportionately dominated by the government securities, according to Almas Equities (Pvt) Limited.