Category: Business and Economy

Reaffirming its commitment to inclusive education and community empowerment, Seylan Bank donated a smart board and a suite of carpentry tools to the WP/PIL School for the Deaf, Ratmalana on June 5, supporting the educational and vocational development of hearing-impaired students. The donation is expected to significantly enhance the students’ learning experiences by supporting modern…

Reinforcing its commitment to those who serve the nation, the Commercial Bank of Ceylon has entered into a Memorandum of Understanding with theSri Lanka Air Force (SLAF) to introduce a comprehensive suite of concessionary financial facilities for its officers and other ranks. The partnership, unveiled in a year that marks the 75th anniversary of the…

The Sri Lanka economy must continue to grow at a pace that generates employment opportunities for women. This requires mobilising investments in sectors with high growth potential and stimulating economic development in historically disadvantaged and lagging regions, opined Shannon Cowlin, Country Director for Sri Lanka, ADB addressing the Serendipity Knowledge Program (SKOP), Unlocking Women’s Economic…

Prime Lands Residencies PLC (CSE: PLR.N) has reported an outstanding financial performance for the year ended 31 March 2026. Substantially exceeding market expectations, the Company reinforced its position as Sri Lanka’s undisputed real estate leader, propelled by massive operational scale, strategic project launches, and historic margin expansion. Reflecting on this exceptional performance, Group Chairman Premalal…

Aitken Spence PLC reached a defining moment in its sustainability journey, becoming the first diversified holdings company in Sri Lanka to have its emission reduction targets validated by SBTi. For a Group whose operations span 17 industry sectors and several geographical regions, this complexity is amplified. Each sector presents unique challenges, from energy-intensive operations to…

HNB Investment Bank has renewed its partnership with CFA Society Sri Lanka as a Silver Partner for the 10th consecutive year, reaffirming its longstanding commitment to advancing Sri Lanka’s investment and financial services industry. The renewed sponsorship reflects HNB Investment Bank’s continued support for CFA Society Sri Lanka’s efforts to promote ethics, professionalism, knowledge-sharing and…

Siyapatha Finance PLC opened its latest fully fledged branch in Boralesgamuwa, expanding the Company’s islandwide network to 63 branches. The opening ceremony was graced by Siyapatha Finance PLC Directors  Jayanath Gunawardena,  Shiran Perera and Sriyani Ranatunga; Chief Executive Officer Mathisha Hewavitharana, Chief Operating Officer  Rajeev De Silva and R.A. Akilesh Ayodya Perera, a student of…

People’s Bank recently organised a special programme for entrepreneurs in Weboda Village, situated within the Mahara Divisional Secretariat area, under its Entrepreneurial Villages initiative. The programme aimed to enhance financial literacy and strengthen business sustainability among Micro, Small and Medium Enterprises (MSMEs). Organized by the People’s Bank – Union Place Branch, the programme was held…

Rupee devaluation will have both a positive and challenging impact on Sri Lanka’s event management industry increasing affordability for foreign clients, boosting demand, and local revenue. However, it raises costs for imports. Adaptation and strategic responses are essential for competitiveness, Saliya Weerasekara, President Event Management Association (EMA) told Daily News Business participating in an exclusive…

Yasas Hewage assumed duties as Chairman of the Industrial Development Board (IDB) on June 1 2026, taking leadership of one of Sri Lanka’s longest-standing enterprise development institutions with a proud legacy spanning 60 years. . Hewage brings nearly two decades of experience spanning banking and finance, business strategy, sales and marketing, entrepreneurship development, and sports…