Author: Mic

The Commercial Bank of Ceylon achieved another performance milestone in 2025, becoming the first private sector bank in the country to expand its loan book beyond Rs. 2 Tn., with a growth of Rs. 541 Bn. over 12 months at a monthly average of over Rs. 45 Bn., demonstrating its commitment to national economic resurgence.…

The SLT Group reported substantial cost savings for the full year ended December 31, 2025, fuelling significant profit growth and demonstrating consistent execution throughout all key metrics. The strong performance was driven through disciplined expense management, reduced finance costs, and strategic operational improvements. The SLT Group ended FY 2025 as a strong year, with substantial…

The Walk of Art 2026 International Footwear and Leather Fair, jointly organized by the Ministry of Industries and Entrepreneurship Development, Industrial Development Board (IDB), Export Development Board (EDB) and the Sri Lanka Footwear and Leather Goods Manufacturers Association, was held on February 27 at the Sirimavo Bandaranaike Exhibition Hall, Colombo, under the patronage of the…

The Board of Directors of Commercial Bank of Ceylon PLC has announced the appointment of Hasrath Munasinghe as Executive Director/Chief Operating Officer of the Bank with effect from April 27. He succeeds S. Prabagar, who retires on April 26, after serving in the position for four years and completing a distinguished career of more than…

Enhances Scope for Foreign Investment in Sri Lanka Home Lands, Sri Lanka’s number one and most trusted innovative developer, has secured an over three-acre premium mixed-use land parcel at Port City Colombo in a landmark transaction valued at USD 40.1 million (approximately LKR 12.5 billion), marking one of the most significant single investments made by…

Sri Lanka’s apparel exports gained a huge market opportunity from the UK market, it has been reported that Sri Lanka’s apparel exports declined by 2.66% year-on-year in January 2026, falling to US$ 425.44 million from US$ 437.07 million in January 2025, reflecting continued pressure across key export markets. Exports to the US fell by 2.73%…

Bank of Ceylon (BOC) concluded the financial year ended 31st December 2025 with a landmark performance, achieving a Profit After Tax (PAT) of Rs. 76.0 billion, 18% increase over the previous year, while Profit Before Tax (PBT) reached Rs. 120.8 billion. Beyond financial growth, this year marked a pivotal shift towards sustainable and inclusive banking,…

Amana Takaful Life PLC provides the best investment options for life insurance policyholders and has delivered an exceptional performance across its unit-linked fund portfolio in 2025, generating strong returns for policyholders through disciplined, strategic, and well-structured fund management. According to the fund performance review as at December 31, 2025, Amana Takaful Life’s flagship Gold Investment…

Prime Lands Residencies PLC has secured the Otters Club Car Park property in Colombo 7 through a recently concluded agreement with the Urban Development Authority (UDA), marking one of the most significant residential land acquisitions in the district in recent years. The property will be developed into ‘The Elizabeth’, a landmark residential tower envisioned to…

Sri Lanka’s tea exports recorded a strong start to 2026, with volumes and values posting year-on-year gains in January, according to the latest industry data. Ceylon Tea exports for January 2026 totalled 20.71 million kilograms (M/Kgs), reflecting an increase of 1.34 M/Kgs compared to 19.37 M/Kgs recorded in January 2025. All major categories registered growth…