Bank’s Total Deposits crosses Rs 2.0 Tn and Gross Loans and Advances crosses Rs 1.6 Tn in Q1 2026 Asset quality remains stable, with the Net Stage 3 ratio at 1.18% Strong Liquidity and Capital Positions maintained well above regulatory minimums Against a backdrop of heightened economic volatility, the Bank recorded a Profit After Tax…
Janashakthi Life, a leading brand in the insurance industry and a flagship brand of JXG (Janashakthi Group), commenced the financial year 2026 on a strong footing, delivering robust results across key financial and operational indicators for the quarter ended. The Company recorded Gross Written Premiums of LKR 2.6Bn, reflecting a significant 42% growth compared to…
The Colombo Stock Exchange (CSE) is pleased to announce that Sri Lanka’s capital market has received international recognition for the quality and innovation of its Green, Social, Sustainability and Sustainability-Linked (GSS+) bond issuances at the 2026 Sustainable Debt Awards hosted by Environmental Finance. This milestone reflects the continued strengthening of Sri Lanka’s sustainable finance landscape…
Following Ambeon Capital PLC’s acquisition of controlling stake in Harischandra Mills PLC through its subsidiary, Ambeon Essentials (Private) Limited, four new directors have been appointed to the board of Harischandra Mills PLC, effective from Tuesday (12th May 2026). Accordingly, the following Ambeon Group board members have been appointed as new directors of Harischandra Mills PLC: Mr. Sujeewa…
Nepalis travelling to Sri Lanka can now use their domestic payment app to scan & pay at more than 400,000 LankaQR merchants In a significant milestone for regional digital payment interoperability, on 12th May 2026 Sri Lanka and Nepal officially launched cross-border QR payment connectivity, enabling Nepali travellers visiting Sri Lanka to make seamless digital…
The Project is Set to Attract Large Foreign Currency Inflows into Sri Lanka with Total Project Value Estimated at over US$ 300 Mn Marking a historic milestone in the progressive development of Port City Colombo which is widely regarded as the turning point of Sri Lanka’s economy, Home Lands Group’s Home Lands Port City (Pvt)…
Financial Performance Sampath Bank reported Total Operating Income of Rs 28.5 Bn for the quarter ended 31st March 2026, supported by steady growth in Net Interest Income (up 5%) and Net Fee and Commission Income (up 28%) year-on-year. Notwithstanding this performance, Profit After Tax (PAT) declined by 26% to Rs 6.2 Bn, due to significantly…
Sri Lanka has taken a major step forward in modernizing its shrimp aquaculture sector through the successful completion of the project “Smart and Sustainable Aquaculture through Effective Biosecurity and Digital Technology”, implemented by the Food and Agriculture Organization of the United Nations (FAO) in partnership with the Ministry of Fisheries, Aquatic and Ocean Resources with…
Prime Melwa Port City (Pvt) Ltd signed the Sales and Purchase Agreement (SPA) with CHEC Port City Colombo (Pvt) Limited on 12th May 2026, marking a historic milestone in the realization of one of the most prestigious upcoming marina and waterfront developments at Port City Colombo. Positioned as the only remaining marina and waterfront residential…
Funding and partnership to drive global expansion, better monetization and digital innovation for the league The Season 6 of the Lanka Premier League (LPL) is about to roll on 10th July, and right before that the league has got a major financial booster. LPL promoters, the Innovative Production Group FZ, LLC (“IPG”) has received multi-million-dollar…
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