Category: Business and Economy

The newly established Colombo representative office of the Bucharest Chamber of Commerce and Industry (CCIB) could play an important role in strengthening economic, tourism and investment ties between Sri Lanka and Romania, Deputy Minister of Tourism Prof. Ruwan Ranasinghe said. Addressing the opening ceremony in Colombo yesterday (18), Prof. Ranasinghe said Romania had emerged as…

* PAT grows by 25% in H1 to surpass LKR 1 Bn for the first time* Q2 PAT up by 33% On the Bank’s top-line performance, Net Financing Income grew YoY by 16% during H1 2026 to reach LKR 4.4 billion, supported by a steady financing margin of 4.3%. For the quarter ended 30 June,…

Sampath Bank recently entered into a strategic partnership with GV Auto by Gavinro International (Pvt) Ltd., expanding access to electric vehicle ownership through exclusive financing benefits for customers. Formalised through the signing of a Memorandum of Understanding (MoU) at Sampath Bank’s Head Office, the collaboration enables customers to enjoy a preferential interest rate with a…

Initiative to provide family business owners with practical insights on growth, succession, capital raising and long-term wealth creation CFA Society Sri Lanka, under its Learnings sub-brand, will host “Wealth Maximizing Options for Family Businesses,” an exclusive one-day programme designed for owners and principal shareholders of family-owned businesses considering the next phase of growth, succession, ownership…

The ‘Sri Lankan Entrepreneurs’ Night 2026’ Entrepreneur and Investor Conference organized by the ‘Australia Sri Lanka Business Forum’ (ASLBF) with the aim of strengthening economic, trade and investment relations between Sri Lanka and Australia in a new approach was held in Melbourne, Australia on August 15. Minister of Industry and Entrepreneurship Development Sunil Handunnetti, who…

Bank of Ceylon (BOC), Sri Lanka’s leading financial institution, continued to uphold its enduring legacy as the Bankers to the Nation as it marks 87 years of service to Sri Lanka. During the 1H 2026, the Bank leveraged its financial strength and extensive nationwide network to support the Government, businesses, infrastructure development and communities, while…

HNB Life PLC has been recognised by Great Place to Work Sri Lanka as one of the Top 50 Best Workplaces in Sri Lanka, further strengthening its reputation as an organisation that places its people at the heart of its success. This marks the fourth time the company has received this recognition, reaffirming its continued…

People’s Bank has marked International Youth Day 2026 by introducing a range of exclusive benefits under its ‘YES Infinity 2026’programme, further strengthening its commitment to empowering Sri Lanka’s youth with modern, convenient and rewarding  banking solutions. Designed to complement the dynamic lifestyles and aspirations of today’s young generation, YES Infinity 2026 offers a host of lifestyle and…

Landmark agreement establishes strategic framework to channel Chinese technology, engineering expertise, and potential capital into local water and clean-energy projectsMoU to drive:● expanding entrepreneurship infrastructure investment and foreign technology access● upgrading industrial environmental standards and technical capacity● long-term resource security and energy requirementsCOLOMBO, SRI LANKA 17th August 2026ABC Trade & Investments (Pvt) Ltd, a leading…

Though Sri Lanka’s tourism sector has recovered its Covid-19 losses, with hotel operators seeing gross profit margins significantly improving, certain operators’ net profitability margins are yet to recover, SenFin Securities’ findings on the financial performance of the sample six operators, between the financial year of 2022 and 2026 shows. The advisory, commenting on the performance…