Nations Trust Bank PLC (NTB) has announced that the transfer of Hongkong and Shanghai Banking Corporation’s (HSBC) Retail Banking business in Sri Lanka to NTB has officially been completed, with the acquired portfolio transitioning to NTB effective 1st May 2026. NTB has integrated HSBC Sri Lanka’s retail banking customers into its operations, ensuring continuity of…
Reuters – Spirit Airlines said on Sunday it had almost completed refunding passengers and returning its crew to their home bases following its decision to cease operations over the weekend. Spirit abruptly canceled flights early on Saturday morning, stranding passengers and staff around the U.S., the Caribbean and Latin America, after collapsing under financial pressures…
The Sri Lanka Purchasing Managers’ Index for Construction (PMI – Construction), as reflected by the Total Activity Index, recorded a value of 57.1 in March 2026, indicating continued expansion in construction activities, albeit at a slower pace than the previous month. Many respondents reported a challenging operating environment, mainly due to limited availability of fuel…
AHC Group has entered into a strategic partnership with the Asia Africa Chamber of Commerce and Industry (AACCI) through the signing of a Memorandum of Understanding (MoU), marking a significant step towards strengthening international trade and investment ties. The agreement was signed recently at the Heritance Hotel in Negombo between Dr. Nalaka Silva, Chairman of…
At the initiative of the Deputy High Commissioner of Sri Lanka, Dr. Ganesanathan Geathiswaran, the Deputy High Commission of Sri Lanka in Chennai successfully organized the first-ever “Sri Lanka Food Festival 2026” from 24th to 26th April at Green Meadows Resort, Chennai. The Festival provided a unique platform to showcase the rich and diverse culinary…
The Planters’ Association of Ceylon (PA), the apex body of Sri Lanka’s Plantation industry, has called for an urgent review and streamlining of the industry’s cost structures in light of the unprecedented crisis in West Asia and the Strait of Hormuz. Currently, approximately 45% of Sri Lanka’s total annual Tea exports – equivalent to approximately US$…
Financial impact of the fraud of LKR 13.20 billion fully recognised in FY 2024, FY 2025 and Q1 2026 financial periods LKR 2.67 billion financial impact arising from the fraud incurred in 1Q 2026 leading to a profit before all taxes of LKR 3.47 billion Gross income reaches LKR 26.50 billion during 1Q 2026, a…
Sri Lanka’s external current account recorded a marginal surplus in March 2026, bringing the total cumulative surplus for the first quarter of the year to USD 531 million. Despite this overall positive balance, the period was marked by significant volatility driven by the ongoing war in the Middle East, which has simultaneously driven up fuel…
The Palm Oil Industry Association (POIA) recently organised a media roundtable in Colombo to discuss the economic impact of the palm oil industry on Sri Lanka’s economy, development agenda and long-term agricultural productivity. The media discussion brought together a panel of experts representing plantations, agriculture, nutrition, biodiversity and industry leadership. The head table comprised Mr….
The Ceylon Petroleum Corporation (CPC) has come under scrutiny from fuel dealers, who have raised concerns over the reported Rs. 36.4 billion profit for 2025, as disclosed in the latest report of the Central Bank of Sri Lanka. The Petroleum Dealers’ Association has alleged that the profit figure includes revenue generated through what it describes…
Video Story
