Sri Lanka Recognized as a Tier 2 – Advancing Country in the Global Cybersecurity Index
Sri Lanka has made significant strides in strengthening its cybersecurity landscape, positioning itself as a leader in the region. This progress is reflected …
Industry
Sri Lanka Banks’ Association reiterates support to new government
The Sri Lanka Banks’ Association (SLBA) has congratulated President Anura Kumara Dissanayake on his party’s resounding victory at the Parliamentary …
Hayleys records 78-pct growth in PBT to Rs.12.7Bn
The Hayleys Group delivered remarkable growth and profitability during the first half of the financial year ending 31 st March 2025, as it leveraged its …
JAAF congratulates NPP on securing clear majority in Parliament
The Joint Apparel Association Forum (JAAF), representing Sri Lanka’s largest export industry, extends its warm congratulations to the National People’s …
First STS Operation for Liquid Cargo at Hambantota International Port
Hambantota International Port (HIP) has completed its first commercial ship-to-ship (STS) transfer operation for liquid cargo, marking another major milestone …
ComBank accelerates lending in Q3 as strong fundamentals spur growth
Loan book up by Rs 121.06 bn. in 9 months, with 44.20% of growth coming in Q3CASA ratio improves to 39.60% at 30th Sept. 2024Net interest income up 46.15% to …
Fitch Assigns Commercial Bank of Ceylon’s Proposed Debut Green Bond Final ‘A(lka)’
Fitch Ratings has assigned Commercial Bank of Ceylon PLC's (COMB; A(lka)/Stable) proposed Sri Lankan rupee-denominated senior unsecured listed green bonds of …
The onslaught of the beedi industry and its impact on Sri Lanka’s economy
Lack of tax collectability results in dampening of government revenue ambitions While Sri Lanka has made notable progress in tobacco control, with policies …
Fitch Affirms Ceylon Electricity Board at BB+(lka); Outlook Stable
Fitch Ratings has affirmed Ceylon Electricity Board's (CEB) National Long-Term Rating at 'BB+(lka)'. The Outlook is Stable. Fitch also affirmed the National …
HVA Foods PLC Partners with Müggenburg Group, Germany
HVA Foods PLC, a member of the George Steuart Group, announces its exclusive distributor partnership with Müggenburg Group, Germany, a renowned family-owned …
Fitch Rates Sampath Bank’s Basel III Subordinated Debt ‘BBB+(EXP)(lka)’
Fitch Ratings has assigned Sampath Bank PLC's (A(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to LKR10 …
Hemas Holdings Boosts Profitability through Efficiency in a Challenging Market
Hemas Holdings PLC reported a cumulative revenue of Rs. 54.4 billion, with operating profits of Rs. 5.0 billion and earnings of Rs. 2.5 billion. The decrease …
Opinion: CB defends liquidity injections amid “Money Printing” controversy
by Dhananath Fernando A fresh controversy has erupted following reports that Sri Lanka’s Central Bank (CBSL) injected nearly 100 billion rupees into the …
JKH records continued growth momentum in Q2
Sri Lanka's John Keells Holdings PLC (JKH) reported continued growth momentum across almost all businesses in the second quarter, a statement showed. The …
Sri Lanka’s Global Competitiveness at Risk: The Economic Cost of Cargo Clearance Delays
Efficient border agency operations are crucial for any economy, especially for island nations like Sri Lanka, where trade significantly contributes to economic …
Ramp Up 2024: WCIC’s fashion show focuses on empowering Sri Lankan designers
The Women’s Chamber of Industry and Commerce (WCIC) proudly announces ‘Ramp Up! 2024’, a significant fundraiser dedicated to empowering Sri Lankan female …
CBL Munchee achieves BRC AA+ grade and GPEA ‘World Class’ recognition
Ceylon Biscuits Limited (CBL), Sri Lanka’s leading biscuit manufacturer and the proud owner of flagship brand Munchee, announces its remarkable achievement …
Assetline Finance join hands with BlueOrchard in empowering women entrepreneurs
In a groundbreaking development, Assetline Finance Limited, the flagship company in the financial services cluster of the David Pieris Holdings (Private …
President Appoints Hans Wijayasuriya as Chief Advisor on Digital Economy
President Anura Kumara Dissanayake has appointed Dr Hans Wijayasuriya as the Chief Advisor to the President on Digital Economy. President Dissanayake has …
Glovis Dual Fuel LNG RORO Carrier Docks at Hambantota International Port
The LNG (liquefied natural gas) dual-fuel RORO vessel Glovis Selene made its maiden call at the Hambantota International Port (HIP) last week, unloading 627 …