Pan Asia Banking Corporation PLC reported a strong set of results for the first nine months of 2026, recording a Profit After Tax (PAT) of Rs. 3.59 billion, up 19% from the corresponding period last year, underpinned by solid growth in lending, deposits and fee-based income, alongside further improvements in asset quality. The Bank’s latest […]
The Bank of Ceylon (BOC) has marked World Thrift Day 2026, observed on October 31, by renewing its call for Sri Lankans to develop a regular savings habit to ensure long-term financial security. The State-owned bank, which celebrates its 87th anniversary this year, emphasised that saving, even in small amounts, plays a vital role in […]
Overseas Realty (Ceylon) PLC announced the launch of Havelock City Residences, the fifth and final phase of Havelock City, bringing the vision of Colombo’s most prestigious integrated mixed-use development, closer to completion. The official launch of Havelock City Residences was celebrated at a glamorous launch event held on 29 October 2026 at Hilton Colombo, attended […]
Union Bank recorded a significant improvement in profitability and financial performance during the first nine months of 2026. The bank’s profit before tax rose by 48% year-on-year to 1.744 billion rupees for the nine months ended September 30th, 2026. Profit after tax also increased by 104% to 701 million rupees. Gross income grew by 20% […]
Industry-linked financing initiative targets renewal of ageing tea fields, improve productivity and empower tea smallholders The Commercial Bank of Ceylon has introduced a dedicated loan scheme to revitalise Sri Lanka’s tea industry, demonstrating its strategic initiatives designed to penetrate the Small and Medium Enterprise (SME) sector and the rural micro-economy and catalyse sustainable growth across […]
Sri Lanka should strengthen its capital market to mobilise long-term investment and support sustained economic growth of 7% to 9%, Securities and Exchange Commission (SEC) Chairman Senior Professor Hareendra Dissabandara said. Addressing the Capital Market Industry Forum on October 27, he said the country must move beyond economic stabilisation and recovery towards building productive capacity, […]
People’s Bank ringing the market opening bell at the Colombo Stock Exchange (CSE) marked a significant milestone in the Bank’s digital transformation journey, celebrating its pioneering partnership with Lanka Securities (Pvt) Ltd (LSL) to integrate share trading facilities into its flagship mobile wallet application, People’s Pay. This landmark initiative enables customers to access banking and […]
Breastober symposium brought together leading specialists, survivor voices and advanced 3D mammography to promote early detection and comprehensive breast care Hemas Hospital Wattala reinforced its position as a leading destination for breast health in Sri Lanka through its Clinical Symposium on Breast Health & Cancer Care, held under the theme ‘Empowering Care, Awareness & Hope’. […]
The Export Development Board (EDB) has stepped up efforts to expand Sri Lanka’s export base by strengthening the export readiness of small and medium-sized enterprises (SMEs) in the North Western Province through a series of export-oriented business clinics. The programmes, organised by the EDB’s North Western Provincial Office in collaboration with District and Divisional Secretariat […]
The Government will step up efforts to channel domestic savings into productive investment through Sri Lanka’s capital market as the country moves from macroeconomic stabilisation towards a broader economic transformation, Deputy Minister of Finance and Planning Dr. Anil Jayantha Fernando said. Addressing a Colombo forum held under the theme “From Resilience to Sustainable Growth – […]