Mahindra Ideal Finance Ltd. (MIFL) reported its strongest ever financial performance in the year ended 31 March 2026, recording significant growth across profitability, lending volumes, and operational efficiency. The company posted a Profit Before Tax (PBT) of LKR 818 million, reflecting a 193% Year-on-Year (YoY) increase, while Profit After Tax (PAT) rose to LKR 478 […]
Emirates, the world’s largest international and most profitable airline, is scouting for top-tier aircraft engineering and technical talent worldwide. The airline’s next official stop is Sri Lanka, where it is hosting roadshows in Colombo on May 19-20. Experienced technicians may attend the Colombo session, where Emirates’ recruiters will outline details of the role, remuneration, benefits […]
HNB Life PLC reported a strong start to the year for the three months ended 31 March 2026, continuing its growth trajectory following its recent rebranding and reinforcing its position as a leading life insurer in Sri Lanka. The Company recorded Life Gross Written Premium of Rs. 7.01 Bn for the period, reflecting a strong […]
The establishment of the Viet Nam-Sri Lanka Business Council will enhance bilateral relations, fostering partnerships beyond trade driven by shared ambitions, Export Development Board Chairman Mangala Wijesinghe told the Viet Nam Sri Lanka Business forum held in Colombo on Friday (8). Sri Lanka stands ready to work hand-in-hand with Viet Nam to build a partnership that goes […]
A remarkable milestone in digital transformation has been achieved with the successful implementation and Go-Live of a new Core Banking System for Fintrex Finance, led by APTS as the local implementation partner. This achievement marks the beginning of a new platform for innovative, agile, and efficient financial services. Branded as Nimble, and powered in collaboration […]
The ongoing and planned trade reforms, including the gradual removal of para-tariffs, could improve competitiveness and increase household consumption by around 3.1%, with stronger gains for lower-income households, the World Bank’s April 2026 South Asia Economic Update release on Friday(8) said. The planned import duty cuts would be steepest among the emerging export industries of […]
A special proposal has been submitted to make Sri Lanka the richest country in the world, based on the gem resources it possesses. The Chairman of the All Ceylon Gem Miners and Dealers Association, Dr. Thilakasiri Vitarana, has submitted this proposal to President Anura Kumara Dissanayake recently. The main point of this proposal is to […]
Renewed tensions in the Middle East weighed negatively on the Colombo Bourse alongside rising global oil prices. The ASPI declined by 52 points during yesterday’s session, reversing the early gains recorded at the opening and ultimately closing at 23,012, while the S&P SL20 fell by 19 points to settle at 6,300. CINS, JKH, COMB, DFCC […]
Sri Lanka’s fast-growing fintech sector received another boost after WEBXPAY Ltd appointed corporate leader Nemantha Nilhan Abeysinghe as an Independent Non-Executive Director to its Board. Abeysinghe brings more than 30 years of experience in corporate leadership, finance, strategy and business development, having served in senior positions in both local and international organisations. His appointment is […]
RTS Holdings has reached a significant milestone in Sri Lanka’s tea industry with its Hidellana and Avissawella Tea Factories being awarded the prestigious Zero Carbon Manufacturing Certification by The Sustainable Future Group, reinforcing its leadership in sustainable tea production. The certification, granted to Avissawella Tea Factory (Private) Limited, and recognizes the factory’s successful transition to […]