With the objective of further strengthening the cooperation between Sri Lanka and Japan in the fields of digital transformation and artificial intelligence (AI), a special discussion was held today (14) at the Ministry of Digital Economy between Eng. Eranga Weeraratne, Deputy Minister of Digital Economy, and a delegation led by Mr. Hara Shohei, Senior Vice…
The Commissioner General of Inland Revenue has officially announced a delay in the mandatory implementation of the revised Value Added Tax (VAT) invoice format, according to a newly released government notification. By virtue of the powers vested under Section 20 of the Value Added Tax Act, No. 14 of 2002, Commissioner General Rukdevi Perpetua Himali…
Janashakthi Life, the flagship company of JXG (Janashakthi Group), delivered a strong first-half performance in 2026, with Gross Written Premiums (GWP) increasing by 36% year-on-year to Rs. 5.11 billion. The Company’s growth significantly outpaced the industry’s 20.8% growth during the period, reflecting continued demand for its life insurance solutions and progress in expanding its customer…
Grows market share to 20.3% as at Q2 2026 Pays Rs. 10.4 Bn in claims and benefits 7.2 Bn in health and protection claims – Sri Lanka’s largest health and protection claims payer Protects 1.8 million+ Sri Lankans through 870,000+ active policies – Sri Lanka’s largest customer base Softlogic Life reported its strongest first-half performance…
PBT rises 27% as Net Operating Income grows 24.7% in first quarter of FY 2026/27 Janashakthi Finance PLC, a subsidiary of JXG (Janashakthi Group), has opened the financial year 2026/27 with strong growth across key performance indicators, recording a 51% year-on-year increase in Net Profit After Tax (NPAT) to Rs. 90.4Mn for the period ended…
Establishment of Expert Support Unit to accelerate industrial development. The United Nations Development Programme (UNDP) in Sri Lanka and the Ministry of Industry and Entrepreneurship Development (MoIED) have entered into a strategic partnership to enhance the Ministry’s institutional and technical capacity through the establishment of an Expert Support Unit, aimed at accelerating industrial development, strengthening entrepreneurship and…
Reuters – Global stocks hovered around record highs on Friday, set for a third weekly gain after benign inflation data dented expectations for a U.S. rate hike next month, although faltering talks to end the war in the Middle East sent oil prices higher. Oil and gas prices were still set for sizeable weekly gains, as the impasse over…
First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a pioneering force in Sri Lanka’s capital markets landscape, navigated a challenging first quarter of financial year 2026/27 amid heightened global economic uncertainty, geopolitical tensions and significant movements in interest rates. While market conditions placed pressure on fixed income trading activities, the Group’s diversified…
Group Core Business Profit After Tax of LKR 4.1 Bn Group Total Capital Adequacy Ratio of 15.746% Group Net Fee and Commission Income up by 29% to LKR 4.2 Bn Group Total Assets up by 7% to LKR 921 Bn DFCC Bank entered the second half of 2026 with a larger and increasingly diversified franchise,…
Ceylinco Life has announced that its total assets have surpassed the landmark Rs. 300 billion threshold, reaching Rs. 302.5 billion as at 30th June 2026, underscoring the company’s sustained growth momentum and financial resilience. Over the first six months of 2026 alone, Ceylinco Life recorded asset growth of Rs. 15.65 billion, representing an increase of…
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