Category: Business and Economy

SDB Bank, one of Sri Lanka’s leading regulated banks, has collaborated with IBM (NYSE: IBM) and South Asian Technologies (SAT), an IBM business partner, to modernise its digital banking infrastructure and accelerate its transformation journey. Leveraging IBM’s enterprise infrastructure and automation solutions, SDB bank continues to demonstrate its ability to deliver secure and seamless banking…

Marking a significant milestone in its journey as it celebrates 25 years of trust and transformation, HNB Life has introduced Privileged Protect, a novel universal life insurance solution designed to meet the evolving financial and protection needs of modern Sri Lankans. Developed as an evolved protection offering, Privileged Protect combines short-term premium commitments with long-term…

Deputy Minister of Finance Dr. Anil Jayantha Fernando said that the Treasury has received the 6th and 7th tranches of the International Monetary Fund’s Extended Fund Facility. According to him the Treasury has received US$ 695 million as the 6th and 7th tranches after successfully completing the 5th and 6th reviews of the Extended Fund…

Padel House, the pioneers of padel in Sri Lanka, and the enterprise that has successfully established a strong presence for the sport in Colombo, has entered a new growth phase with the entry of two new strategic investors—former Sri Lanka cricket captain Mahela Jayawardene, and Trade Promoters Limited, a diversified group with interests across Sri…

Reaffirming its commitment to inclusive education and community empowerment, Seylan Bank donated a smart board and a suite of carpentry tools to the WP/PIL School for the Deaf, Ratmalana on June 5, supporting the educational and vocational development of hearing-impaired students. The donation is expected to significantly enhance the students’ learning experiences by supporting modern…

Reinforcing its commitment to those who serve the nation, the Commercial Bank of Ceylon has entered into a Memorandum of Understanding with theSri Lanka Air Force (SLAF) to introduce a comprehensive suite of concessionary financial facilities for its officers and other ranks. The partnership, unveiled in a year that marks the 75th anniversary of the…

The Sri Lanka economy must continue to grow at a pace that generates employment opportunities for women. This requires mobilising investments in sectors with high growth potential and stimulating economic development in historically disadvantaged and lagging regions, opined Shannon Cowlin, Country Director for Sri Lanka, ADB addressing the Serendipity Knowledge Program (SKOP), Unlocking Women’s Economic…

Prime Lands Residencies PLC (CSE: PLR.N) has reported an outstanding financial performance for the year ended 31 March 2026. Substantially exceeding market expectations, the Company reinforced its position as Sri Lanka’s undisputed real estate leader, propelled by massive operational scale, strategic project launches, and historic margin expansion. Reflecting on this exceptional performance, Group Chairman Premalal…

Aitken Spence PLC reached a defining moment in its sustainability journey, becoming the first diversified holdings company in Sri Lanka to have its emission reduction targets validated by SBTi. For a Group whose operations span 17 industry sectors and several geographical regions, this complexity is amplified. Each sector presents unique challenges, from energy-intensive operations to…

HNB Investment Bank has renewed its partnership with CFA Society Sri Lanka as a Silver Partner for the 10th consecutive year, reaffirming its longstanding commitment to advancing Sri Lanka’s investment and financial services industry. The renewed sponsorship reflects HNB Investment Bank’s continued support for CFA Society Sri Lanka’s efforts to promote ethics, professionalism, knowledge-sharing and…