Category: Business and Economy

This statement is with reference to the media briefing and social media posts being made against SLIC’s investment in treasury bond auction on 9th April 2026.  On 6th April 2026, Public Debt Management Office (PDMO) of Ministry of Finance, Planning and Economic Development made a public announcement of a treasury bond auction held on 9…

DIMO’s Engine Care unit, one of the company’s long-standing and most technically specialized operations, has undergone a significant transformation, marking a new chapter in its evolution from a traditionally expertise-driven workshop into a modern, customer-focused engineering facility. Its profound technical expertise in handling intricate engine overhauling and machining requirements has long been acknowledged, and it…

The Sri Lankan economy has become predictable and stable, enhancing investment opportunities with the Government undertaking institutional reforms through digitization, creating a single window for trade and investments Deputy Minister of Industries and Entrepreneurship Development Chathuranga Abeysinghe told the Global Innovation & Leadership Summit held in Colombo on May 2.  Large-scale infrastructure projects, including highways…

Vallibel Finance has successfully raised over Rs. 2.1 billion through its Rights Issue, which was oversubscribed, reflecting strong investor confidence in the company’s strategic direction and long-term growth prospects. The Rights Issue, which involved the issuance of 29,431,675 new ordinary voting shares at Rs. 72 each, was offered to existing shareholders in the proportion of…

Deputy Minister of Economic Development Nishantha Jayaweera emphasizes that the claims circulating on social media that the Value Added Tax (VAT) has been increased to 20.5 percent based on a recently issued gazette notification by the government, are completely false and baseless. Speaking at a special media briefing held at the Ministry of Finance in…

This financial results of the National Development Bank PLC (NDB) for its first quarter ended March 31, 2026 (1Q 2026), represent the Bank’s earlier corporate disclosures as released to the Colombo Stock Exchange on April 2, 2026, April 6, 2026 and April 23, 2026. The breakdown of the estimated financial impact of the fraud of…

The external current account recorded a marginal surplus in March 2026, mainly supported by higher workers’ remittances and a lower primary income deficit, despite a widening of the trade deficit and a moderation in the services surplus compared to a year earlier. The cumulative current account surplus reached US$ 531 million during the first quarter…

The construction sector in Sri Lanka has shown continued growth, according to a latest report released by the Central Bank of Sri Lanka.  The overall activity index for the construction sector recorded a value of 57.1 in March, which indicates that activity in the sector has continued to increase, albeit at a slightly slower pace…

SDB bank has been recognised at the LankaPay Technnovation Awards 2026, where its flagship digital payment wallet, UPay, received a Merit recognition in the Best Digital Payment Application for Retail Payments category. This accolade reflects the bank’s commitment to advancing digital financial services and promoting seamless, secure, and accessible payment solutions for retail banking customers…