The Central Bank of Sri Lanka (CBSL) has decided to maintain the Overnight Policy Rate (OPR) at 7.75%, citing the need to balance stable inflation with emerging global risks, particularly those stemming from escalating geopolitical tensions in the Middle East. Governor of the CBSL Dr. Nandalal Weerasinghe said that the Monetary Policy Board of the […]
NPCI International Payments Limited (NIPL), the global arm of the National Payments Corporation of India (NPCI), has stepped up efforts to expand Unified Payments Interface (UPI) merchant acceptance in Sri Lanka, aiming to deliver seamless digital payment experiences for Indian tourists while supporting the island’s growing digital economy. UPI, India’s real-time payment system, processes over […]
Melsta Hospitals – a reputed healthcare provider serving the Colombo and Gampaha districts and a fully owned subsidiary of Melstacorp PLC – has entered into a transformative partnership with the National Insurance Trust Fund (NITF) to provide enhanced medical benefits to beneficiaries of the Agrahara insurance scheme. This collaboration is a significant stride toward bridging […]
As the punyakalaya approaches and the sound of the koha fills the air, Cargills Bank is back with its promise of unprecedented savings, adding even more joy and financial flexibility to the Sinhala and Tamil New Year celebrations. True to its ethos, the bank is making this Avurudu a truly memorable one for all its […]
DIMO and MTU continue to strengthen their long-standing partnership of over three decades in Sri Lanka and the Maldives, delivering advanced propulsion and power solutions across marine, railway, power generation, and critical infrastructure sectors. The collaboration, which has over 400 MTU systems in operation throughout the region, is essential to support transportation, industrial applications, and […]
Be Dapper, the contemporary men’s fashion destination known for its distinctive streetwear identity and curated international brands, has reopened its refurbished store in Dehiwala. The transformation establishes the outlet as one of the largest men’s fashion store and collection in the Dehiwala area, marking an important milestone in the brand’s evolution. The newly redesigned store […]
Nestle Lanka Limited has marked a significant milestone this year, celebrating 120 years of operations in Sri Lanka, highlighting its long-standing contribution to the country’s food and beverage industry and its commitment to community development and sustainability. Nestle was established in 1906, the company has grown from modest beginnings to become one of the country’s […]
People’s Bank, one of Sri Lanka’s leading financial services provider, recently announced its highest-ever Profit After Tax of LKR 40.2 billion for the year ended December 31, 2025.In an interview with our staffer from the Daily News Business, the Bank’s Deputy General Manager and Acting Head of Finance, Nilmini Premalal, shared insights into the Bank’s […]
Solo Bowl has unveiled its first-ever dine-in outlet, marking a significant milestone in the brand’s growth journey. The new outlet is located at Kotte Road, Etul Kotte, Colombo, was opened to the public on February 18, introducing a fresh and immersive dining experience to the city. The opening was attended by Ajit Gunewardene, Chairman of […]
Janashakthi Finance PLC, a member of JXG (Janashakthi Group) has been recognised with multiple accolades at the CA Sri Lanka 60th Anniversary TAGS Awards 2025 (Transparency, Accountability, Governance and Sustainability), reaffirming its strong commitment to corporate governance, transparency and high standards of corporate reporting. The 60th Anniversary ‘Diamond Chapter’ of the TAGS Awards ceremony was […]