Category: Business and Economy

Reinforcing its commitment to advancing Sri Lanka’s digital economy, iPay participated in the LankaQR Awareness Programme conducted by the Central Bank of Sri Lanka on June 5-6, in Trincomalee, supporting efforts to accelerate digital payment adoption among businesses operating within the country’s growing eastern tourism belt. The programme focused on strengthening awareness and acceptance of…

New Anthoney’s Feeds won four Gold Awards and one Silver Award at the National Convention on Quality and Productivity (NCQP) 2026, claiming recognition across all five improvement projects it entered. The event was held and winners announced on June 17, at the Mount Lavinia Hotel, Colombo. Marking a significant step up from the company’s double-Gold…

 Total asset base expands to Rs. 180.2 Bn* PBT increases by 37.5% to Rs. 7.6 Bn* Portfolio recorded strong growth by 70% Vallibel Finance PLC continued its strong growth momentum during FY 2025/26, delivering exceptional financial performance and further strengthening its position among Sri Lanka’s top four financial institutions. Remarkably, this achievement has been realized…

People’s Bank, one of Sri Lanka’s leading banking and financial institutions, celebrated its 65th anniversary on July 1, marking six and a half decades of dedicated service to the nation. Since its establishment in 1961, the Bank has played a pioneering role in expanding access to formal banking services, promoting financial inclusion and supporting the…

Amana Bank PLC has acquired ownership of its Corporate Office premises located at Galle Road, Colombo 3 from Lee Hedges PLC. The property transfer took place recently in the presence of Amana Bank’s Chairman Asgi Akbarally, members of the Board of Directors and the Management Committee, as well as the Directors of Lee Hedges PLC.…

Fashion Bug recently donated theatre angiogram covers to the Cardiac Catheterisation Laboratory at Colombo South Teaching Hospital, Kalubowila. The programme was held on March 30, at the hospital premises as part of the brand’s ongoing CSR initiatives. The Cardiac Catheterisation Laboratory is a vital unit within the hospital that facilitates a wide range of diagnostic…

People’s Leasing & Finance PLC (PLC), a leading non-bank financial institution and a subsidiary of People’s Bank, has further expanded its branch network with the inauguration of its new branch in Bibile. The new branch is centrally located at Badulla Road, Bilile. The opening ceremony was graced by the presence of a distinguished gathering, including…

LB Finance PLC has secured long-term funding of USD 20 million and USD 15 million from Norfund and Swedfund, respectively. This marks the first time LB Finance is entering into a partnership with these reputable European Development Finance Institutions (DFIs). As the second-largest Non-Bank Financial Institution (NBFI) in Sri Lanka, LB Finance commands total assets…

Sri Lanka has outlined an ambitious vision to transform itself from a consumer of artificial intelligence (AI) technologies into a trusted regional producer and partner in the global digital economy, said Deputy Minister of Digital Economy Eranga Weeraratne addressing the GSMA Roundtable at MWC Shanghai 2026. Speaking at the session themed “Powering the AI Economy:…

Sri Lanka’s garment and textile export earnings declined by 4.84 percent during the first five months of 2026 compared to the corresponding period last year, although the sector recorded a strong recovery in May, according to the Export Development Board (EDB). EDB data showed that export revenue from garments and textiles fell to US$ 2,033.39…