Category: Business and Economy

The Commercial Bank of Ceylon has reaffirmed its leadership in Sri Lanka’s banking sector by being ranked the No. 1 banking brand in the Service Brands category for the third consecutive year in LMD Magazine’s 2026 Most Loved Brands survey, while also being placed second among all service brands in the country. The survey, conducted…

LOLC, being originated from one of the smallest economies and countries in the world, has now taken finance services to 26 countries, Krishan Thilakaratne, Director, CEO LOLC Finance told the launch of the LOLC AI-Falaah’s “Al-Falaah Tawarrug for Personal Finance,” the country’s first structured Tawarruq-based lslamic liquidity solution (which is first in the industry and…

Nations Trust Bank PLC has announced the appointment of Ananda Jayawardana as an Independent Non-Executive Director to its Board. Ananda Jayawardana is a seasoned finance professional with over 25 years of international experience spanning Leveraged & Structured Finance, Debt Capital Markets, and Corporate Banking. He brings extensive expertise in structuring and executing complex cross-border financing…

In celebration of its 65th Anniversary, People’s Bank held the ‘People’s Remittance ‘Sanwathsara Pranama Draw 2026’ on May 1, at People’s Tower, Colombo 02. The draw was conducted as part of the Bank’s ‘Dolosmahe Vaasi Chakraya’ programme. Accordingly, 65 lucky winners were selected to receive 65 hampers of essential goods. Customers who remitted worker remittances…

Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, announced that customers can now make secure and convenient digital payments using Dialog Pay at all Keells supermarkets nationwide. As one of Sri Lanka’s leading supermarket chains with 150 stores across the island, Keells becomes one of the first major retail partners in the Dialog Pay merchant…

The Sri Lanka Tourism Promotion Bureau (SLTPB) successfully concluded its series of Media Networking Sessions, B2B Roadshows, and Networking Evenings across the Indian state of Gujarat, covering Surat, Rajkot, and Ahmedabad on 15, 17, and 19 June 2026, respectively. The roadshows brought together 48 leading Sri Lankan travel and tourism companies, including SriLankan Airlines and…

Associated Motorways (Private) Limited (AMW) has formally transferred its Solid Tyre Division to wholly owned subsidiary AGTL (Associated Global Trading (Private) Limited), marking a significant milestone in the company’s long-term growth strategy and a foundational step towards AGTL operating as a Board of Investment (BOI)-registered entity. As a BOI-focused manufacturing entity, AGTL will be better…

* Group Profit After Tax: Rs. 2.05 Bn, +16% YoY*Total Assets: Rs. 57.07 Bn, +40% YoY* Total Capital Adequacy Ratio: 23.84% Senkadagala Finance PLC closed the financial year ended 31 March 2026 with a group profit after tax of Rs. 2.05 billion, up 16% year-on-year, marking the strongest bottom line in the Company’s history. At…

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) together with the Colombo Stock Exchange (CSE) rolled out a multi-pronged initiative to power the Small and Medium-sized Enterprises (SME) sector, launching the SME Creditworthiness Rating Framework, the SME Connect Awards and the inaugural issue of The Entrepreneur magazine. At a press conference held…

Maliban has been ranked the No. 1 Most Loved Product Brand in the LMD Readers’ Choice Most Loved Brands 2026, reaffirming its place as one of Sri Lanka’s most trusted, recognised, and cherished homegrown brands. Adding to this achievement, Maliban was also ranked No. 1 in the Packaged Foods (Ready to Eat) category, emerging as…