Category: Business and Economy

JB Financial launches โ€˜Credit Opportunity Fundโ€™ flexible investment solution

JB Financial has launched the JB Vantage Credit Opportunity Fund (COF), a flexible investment solution designed for investors seeking stronger returns without sacrificing liquidity. The fund enters the market at a time when many Sri Lankans are rethinking how they manage idle cash. With savings rates declining and inflation continuing to pressure purchasing power, investors…

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RDB Bank Opens Doors at New Divulapitiya Branch Premises

RDB Bank relocated its Western Province Divulapitiya Branch on June 15, as part of its branch network modernisation programme. The new premises were inaugurated by Chairman Lasantha Fernando at the invitation of RDB Bankโ€™s General Manager Asanga Tennakoon. RDB Divulapitiya Branch, with the aim of improving customer service and operational efficiency, is equipped with a…

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IFRS 17 to boost life insurance growth

More foreign investment and industry growth is envisaged with Sri Lanka life insurance industry poised to adopt the global accounting standard for  insurance contracts, IFRS 17, panelist opined at the CT Smith Securities investor forum titled โ€˜Navigating Growth and Value in Life Insurance,โ€™ held recently in Colombo. Todayโ€™s IFRS 4 focuses on a companyโ€™s stock…

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Classic Car Club of Ceylon Celebrates Another Successful Year at Annual General Meeting

The Classic Car Club of Ceylon (CCCC) successfully concluded its 34th year at its Annual General Meeting, held on 25 June 2026 at The Kingsbury Hotel, Colombo. The meeting marked the culmination of another outstanding year for the Club, highlighted by a series of successful events and initiatives celebrating Sri Lankaโ€™s vibrant classic motoring community. These…

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Pan Asia Bank strengthens national remittance framework with โ€˜Remit Maxโ€™

Pan Asia Bank launched its new โ€˜Remit Maxโ€™ product suite at a ceremony held on July 3, at Epitom Hotel, Kurunegala, reflecting its commitment to strengthening Sri Lankaโ€™s formal inward remittance ecosystem while delivering innovative financial solutions tailored specifically for migrant workers and their families. The launch was attended by the Chairman of Pan Asia…

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Boat and Ship Building Sector to reach USD$100 Bn mark this year

Sri Lankaโ€™s export sector has once again demonstrated remarkable resilience despite global economic uncertainties, geopolitical tensions, supply chain disruptions and evolving market requirements.Sri Lankaโ€™s total export earnings exceeded Rs.US$ 17 billion in 2025, reflecting continued growth in both merchandising and service exports, National Chamber of Exporters (NCE) President Indhra Kaushal Rajapaksa told the NCE Export…

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