Category: Business and Economy

National Savings Bank Group (NSB) recorded resilient core banking performance during the first six months of 2026, supported by stronger net interest income, a notable expansion in fee-based earnings and continued growth in loans and advances. The results demonstrate the Bank’s capacity to maintain business momentum while navigating cost pressures and volatility in market-related income.…

DFCC Bank has won two country awards at the 4th ICC Emerging Asia Banking Conclave & Awards 2026, receiving Best Performance on Growth – Sri Lanka and Best Performance on Profitability – Sri Lanka. Organised by the Indian Chamber of Commerce (ICC), the regional awards recognise the performance of financial institutions across emerging Asian markets.…

The Northern Province (NP) can increase its current GDP contribution from 4.6% to 10% if the required facilities are provided, Northern Province Governor Nagalingam Vethanayahan told the Asian Development Bank (ADB) delegation at a meeting held on August 24 in Jaffna. The governor also appreciated and thanked ADB for providing drinking water from the ADB…

Sri Lanka’s  tourism industry has received a fresh boost from the Japanese market with 200 Japanese tourists travelling to the island on a single direct flight, highlighting the considerable economic potential that could be generated by expanding arrivals from Japan. The group, organised by the Little Japan Group, departed from Narita International Airport for Sri Lanka today…

Chandana Guniyangoda assumed duties as the new Chairman of People’s  Bank on August 25, at a ceremony held at the Bank’s Head Office. The occasion was attended by the former Chairman People’s Bank, Prof. Narada Fernando, members of the Board of Directors, People’s Bank Chief Executive Officer/General Manager and members of the Bank’s corporate management. Guniyangoda’s appointment…

A strategic investment to accelerate development of the platform ahead of its market launch. Aventude Pte Ltd, the award-winning AI-native software engineering firm, today announced a US$1 million commitment to Skarpa.ai, a platform positioned as a bet on the next decade of software, built on a single conviction: software is about to become a living thing.…

The future competitiveness of Sri Lanka’s businesses will depend not only on sound management but on the strength, vision and effectiveness of the country’s boardrooms. That message resonated strongly as the Sri Lanka Corporate Director Summit 2026, organised by the Sri Lanka Institute of Directors (SLID), successfully concluded recently, bringing together 475 participants, including chairpersons,…

Associated Motorways (Private) Limited (AMW) has won Silver at the Dragons of Sri Lanka 2026 for its Nissan Gravite launch campaign, recognising its strategic creativity and effectiveness. The integrated campaign combined digital, media, PR, experiential and event activations to build anticipation and establish the Nissan Gravite as a strong new proposition in the Sri Lankan…

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…