The Central Depository Systems (Pvt) Limited (CDS), a wholly owned subsidiary of the Colombo Stock Exchange (CSE), signed a Memorandum of Understanding (MoU) with Seylan Bank PLC to enhance the facilitation of Inward Investment Accounts (IIAs) for non-resident Sri Lankans and Foreign Individuals (FIs) who wish to open CDS accounts through the CSE Mobile App….
DENZA, the premium new energy vehicle (NEV) brand from the BYD Group, was officially launched in Sri Lanka with an exclusive event at Waters Edge on November 12, 2025. Brought to market through a strategic partnership, John Keells CG Auto (JKCG Auto) introduced DENZA as Sri Lanka’s newest entry into luxury new energy mobility, offering…
United Motors Lanka PLC (UML) reported a strong resurgence in performance for the six months ended 30 September 2025, with the Group posting a profit of Rs. 1.41 billion compared to a loss of Rs. 119 million in the same period last year — a 1,287 percent increase. The Company’s profit rose sharply to Rs….
Empowering Sri Lanka’s Sustainable Future through Responsible Growth Singer (Sri Lanka) PLC, the nation’s most trusted name in consumer durables and a proud member of the Hayleys Group, has unveiled its comprehensive Environmental, Social, and Governance (ESG) Roadmap 2030, themed “Progress Through Purpose.” This milestone initiative underscores Singer’s deep commitment to integrating sustainability across every…
Reuters – Marks & Spencer is revamping its supply chain from “factory to floor”, the retailer’s new fashion boss told Reuters, as it looks to double annual online non-food sales to nearly 3 billion pounds ($4 billion). John Lyttle, who joined M&S, opens new tab as managing director fashion, home and beauty in March, said…
Colombo’s iconic Galadari Hotel is expected to reopen in the second quarter of 2026, following a comprehensive refurbishment project, the company announced in a filing to the Colombo Stock Exchange (CSE). The announcement, made by Galadari Hotels (Lanka) PLC, follows a series of previous disclosures dating back to 2019 regarding the ongoing redevelopment of the…
Loan book grows by Rs. 381 Bn. in 9 months to Rs. 1.91 Tn., disbursements average Rs. 42.39 Bn. per month Lending momentum picks up in Q3 at a monthly average of Rs. 58.51 Bn. CASA ratio improves to 39.92% from 38.07% at end of 2024 Group net interest income up 16.30% to Rs. 103.48…
DFCC Bank PLC (“DFCC Bank”) is pleased to announce that it has entered into a binding Business Sale Agreement with Standard Chartered Bank, United Kingdom, acting through its branch in Sri Lanka (“SCB Sri Lanka”), to acquire the wealth and retail banking business of SCB Sri Lanka. The proposed acquisition covers all of SCB Sri…
Ambassador Shobini Gunasekera, concurrently accredited to the Republic of Belarus, held a number of meetings with Belarus authorities including the National Center for Marketing, the Belarus Chamber of Commerce and Industry, and Bellegprom Concern, aimed at exploring avenues for economic cooperation and employment opportunities for Sri Lankan skilled work force in Belarus. During the meeting with Director General of…
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, in partnership with the Marine Environment Protection Authority (MEPA), under the Ministry of Environment, has unveiled Sri Lanka’s first 5G-enabled autonomous water-surface cleaning robot. Designed to collect floating waste and monitor environmental conditions in real time, this pioneering innovation demonstrates the transformative potential of 5G in enabling…
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