Category: Business and Economy

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…

The Asian Development Bank (ADB) is supporting the Sri Lanka Upper Watershed Ecological Restoration Program (SUWERP) to strengthen institutions, mobilize sustainable financing and scale up ecological restoration, Shannon Cowlin, Country Director for Sri Lanka, ADB told the Serendipity Knowledge Program ‘Investing in Sri Lanka’s Upper Watersheds: Unlocking Natural Capital for a Resilient Future’ held in…

◆ Group Core Business Profit After Tax of  LKR 4.1 Bn◆ Group Total Capital Adequacy Ratio of 15.746%◆ Group Net Fee and Commission Income up by 29% to LKR 4.2 Bn◆ Group Total Assets up by 7% to LKR 921 Bn DFCC Bank entered the second half of 2026 with a larger and increasingly diversified franchise,…

As the boundaries between technology, business, leadership and governance continue to converge, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will present its flagship 47th National Conference of Chartered Accountants from October 7 to 9, 2026 at the Monarch Imperial, Sri Jayewardenepura Kotte, under the theme “FUSION: Connecting Ideas, Creating Impact.” Announcing…

By Haridhu Abeygoonaratne, Managing Director/COO – SimCentric /Vice Chair – SLASSCOM At first glance, it seems improbable that a company developing advanced military simulation technologies for organisations such as the US Marine Corps, the US Military Academy, the UK Ministry of Defence and armed forces across NATO and Commonwealth countries would have its engineering nerve…

• Loan book grows by Rs. 270.4 Bn. in 6 months to Rs. 2.36 Tn.• Total assets up by Rs. 361 Bn. to Rs 3.74 Tn. The Commercial Bank of Ceylon Group has reiterated its leadership in financial intermediation, becoming the first private sector banking group in Sri Lanka to cross the Rs. 3 trillion…

Sampath Bank delivered a strong financial performance for the six months ended 30th June 2026, reporting Total Operating Income of Rs 63.3 Bn, an increase of 17% compared to the corresponding period last year. The Bank’s performance was driven by sustained growth across its core revenue streams, with Net Interest Income increasing by 11% and…

Amãna Bank PLC in collaboration with the Philatelic Bureau of the Department of Posts of Sri Lanka launched a Special Commemorative Cover and Stamp in celebration of the Bank’s 15th Anniversary. The ceremonial launch was held on August 12, to honour and mark Amãna Bank’s contribution to Sri Lanka’s financial services landscape and its distinctive…

Continuing its long-standing commitment to empowering future generations through education, Seylan Bank recently opened its 294th ‘Pahasara’ Library at Galgamuwa Maha Vidyalaya, Maharachchimulla, Narammala, marking another milestone in the Bank’s flagship social sustainability initiative. The library was opened in the presence of N.D.R. Jayasuriya, Assistant Director of Education Giriulla Division; Upendra Adhikari Regional Manager North Western Region…

The Sri Lanka Export Development Board (EDB) has stepped up efforts to strengthen the export readiness of local jewellery manufacturers, with a team led by EDB Chairman Mangala Wijesinghe conducting an observation visit to Ashadi Jewellers (Pvt) Ltd. Established in 1988, Ashadi Jewellers has grown into a major handmade jewellery manufacturer, employing around 330 people. The company…