Category: Business and Economy

The Ceylon Chamber of Commerce’s Sri Lanka-Australia-New Zealand Business Council (SLANZBC) delegation recently engaged Australian Parliamentarians, Government agencies, trade bodies and the business community in Canberra, Melbourne, and Sydney, for the purpose of opening opportunities in trade, investment and institutional cooperation. Undertaken in collaboration with the High Commission of Sri Lanka in Australia, the delegation…

Asian Development Bank (ADB) funded USD 55 million Sea Water Reverse Osmosis (SWRO) Desalination Plant the first ever in the entre ADB operation, commissioned at Thalaiyady is set to benefits 300,000 people within Jaffna District addressing the serious clean water scarcity issue prevalent in the Jaffna peninsula with 60,000 to 80,000 connections. In addition to…

Sri Lanka’s southern coastline is attracting growing interest from foreign visitors seeking to experience the country’s rich marine biodiversity and learn about efforts to protect endangered sea turtles. Turtle Conservation Centers established in the coastal belt around Ambalangoda, Kosgoda, Ahungalla and Akurala play an important role in raising awareness about turtle conservation while providing visitors…

Seylan Bank PLC has announced the appointment of Krishan Thilakaratne, Non‑Executive Director, as the Deputy Chairman of the Board with effect from August 17. Thilakaratne was appointed as a Non-Executive Director to the Board in 2018 and the progression to Deputy Chairman, reaffirms his long‑standing governance role and leadership capacity. He currently serves as Director/CEO of…

National Savings Bank (NSB), Sri Lanka’s premier state-owned savings bank, has once again been recognised as one of the five most valuable brands in Sri Lanka, reaffirming its strong brand equity, enduring customer trust and growing national significance. The recognition has been assessed and confirmed by Brand Finance, the world’s leading brand valuation consultancy, through…

More than Rs. 75 billion of the Rs. 95 billion allocated by the Government for concessional loan schemes targeting micro, small and medium enterprises (MSMEs) and agriculture has been disbursed by the first half of the third quarter of 2026, the Ministry of Finance said. The programmes, implemented by the Department of Development Finance under…

A meeting was held recently between the Sri Lanka Export Development Board (EDB) and consultants to the European Commission, Paul Baker and Talal Rafi, to exchange views and insights on the potential impact of the EU–India Free Trade Agreement (FTA) on Sri Lanka’s export sectors. Baker and Rafi have been engaged by the European Commission…

People’s Bank continued its strong growth momentum during the six months ended June 30, 2026, delivering robust profitability supported by sustained core banking performance, improved margins and disciplined financial management. The Bank recorded a standalone Profit Before Tax (PBT) of LKR 32.6 billion for the period, together with a record Profit After Tax of LKR…

People’s Bank has stepped forward as the sponsor of the Sri Lanka Schools Basketball Tournaments 2026, as an initiative dedicated to inspiring young talent, encouraging greater participation in basketball and supporting the future of Sri Lankan sport. The launch of the sponsorship programme was held recently at the People’s Tower Auditorium, Colombo 02, where a…

Commercial Bank of Ceylon has once again reaffirmed its leadership as Sri Lanka’s Strongest Banking Brandin Brand Finance’s justreleased ‘100 Most Valuable Brands 2026’ report. According to the latest rankings published by the world’s leading brand valuation consultancy, Commercial Bankhas also been ranked the 2nd Most Valuable Brand in the country overall, withits brand value…