Policybazaar.com, one of India’s largest insurance platforms, has announced the launch of its reinsurance operations in Sri Lanka, Qatar, Oman, and the UAE. With this move, Policybazaar becomes one of the first India-based intermediaries to introduce a technology-driven reinsurance model across Asia and the Middle East, regions that are rapidly growing yet continue to face…
Dr. Saman Weerasinghe has been awarded the Order of Friendship (Orden Druzhby) by Russian President Vladimir Putin at Kremlin, Moscow. The honour, one of Russia’s highest civilian distinctions, recognises his decades of dedication to strengthening diplomatic, cultural, and economic ties between Sri Lanka and Russia. Dr. Weerasinghe is the only Asian recipient of the award…
Profit after taxes reach an institutional high of LKR 7.5 billion in a normalized standalone basis Net loans, deposits and total assets expand by 22.1%, 7.2% and 10.6% respectively on a normalized basis Nine months ROE was 12.4% while 3rd quarter ROE was 16.0% FINANCIAL PERFORMANCE National Development Bank PLC, released its financial results for…
The second budget of the National People’s Power government is scheduled to be presented to Parliament tomorrow (07). This will be the 80th budget of independent Sri Lanka. President Anura Kumara Dissanayake, in his capacity as the Minister of Finance will deliver the second reading of the Appropriation Bill or the budget speech in Parliament….
John Keells Holdings PLC (JKH) has reported a significant improvement in its financial performance for the second quarter of 2025/26, with Group EBITDA more than doubling to Rs.18.36 billion, up 127% from Rs.8.09 billion a year earlier. For the first half of the year, cumulative EBITDA rose 98% to Rs.31.33 billion, reflecting strong contributions across…
The Ministry of Digital Economy today announced a significant milestone in Sri Lanka’s digital transformation journey, as GovPay, the Government’s digital payment platform surpassed Rs. 1 billion in transactions and onboarded over 200 government organizations nationwide. Launched in February 2025, under the leadership of the Ministry of Digital Economy, GovPay was developed by LankaPay, in…
The Department for Registration of Persons, the sole government institution vested with constitutional authority to verify personal identity, has recently implemented a series of organizational and technological reforms to provide the public with faster and more efficient services. Under a Cabinet-approved proposal empowering the Electronic National Identity Card (eNIC) Project, the Department has begun decentralizing…
The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) surpassed the 23,000-point mark for the first time in history, during this morning’s (04) trading session. At around 09.37 a.m. today, the index stood at 23,000.54 points.
A delegation of Sri Lankan businesses, is in Canada from 3 to 8 November 2025, exploring opportunities in investment and partnerships in education, agriculture, information technology and tourism. Organised by the Sri Lanka – Canada Business Council of The Ceylon Chamber of Commerce, in collaboration with the Canada–Sri Lanka Business Convention, with the support of…
Reuters – India’s financial crime agency has provisionally frozen 30.84 billion rupees ($350.87 million) in assets linked to Reliance Anil Ambani Group as part of a money-laundering investigation, a government source said on Monday. The case involves loans taken by the group, owned by the younger brother of billionaire Mukesh Ambani, from India’s YES Bank between…
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