Group Assets Surge to Surpass Record LKR 4.0 Trillion Milestone Historic Profitability: People’s Bank achieved its highest-ever standalone Profit After Tax (PAT) of LKR 40.2 billion. Asset Milestone: The People’s Bank Group reached a historic milestone with consolidated total assets surpassing LKR 4.0 trillion. Operational Stability: The Bank maintained robust capital and liquidity, with a…
WhatsApp Web users are reporting login issues, with 25 outage complaints on Downdetector. Most problems relate to website access. iPhone users appear more affected, while the service is functioning normally for many Android users. India TV News (New Delhi) – WhatsApp Web users are facing issues while trying to log into their accounts. The outage-tracking website Downdetector…
Dr Asanka Wijesinghe, Research Fellow, Institute of Policy Studies of Sri Lanka The recent US Supreme Court ruling will reduce Sri Lanka’s overall tariff from about 31% to 21.6%, with apparel seeing nearly a 10‑point cut. More Sri Lankan products now qualify for tariff exemptions, granting additional-tariff‑free access for USD 65 million worth of exports….
Home Lands, Sri Lanka’s number one and most trusted innovative developer, has secured an over three-acre premium mixed-use land parcel at Port City Colombo in a landmark transaction valued at USD 40.1 million (approximately LKR 12.5 billion), marking one of the most significant single investments made by a Sri Lankan developer within the country’s most…
The Board of Directors of Commercial Bank of Ceylon PLC has announced the appointment of Mr Hasrath Munasinghe as Executive Director/Chief Operating Officer of the Bank with effect from 27th April 2026. He succeeds Mr S. Prabagar, who retires on 26th April 2026 after serving in the position for four years, and completing a distinguished…
Reuters – Paramount Skydance, opens new tab emerged as the winner in a months-long battle to acquire Warner Bros Discovery, opens new tab, after streaming giant Netflix, opens new tab on Thursday refused to raise its bid for the storied Hollywood studio. “We’ve always been disciplined, and at the price required to match Paramount Skydance’s…
Becomes first private sector bank with loan book of more than Rs. 2 Tn. Grows the loan book by Rs. 541 Bn. in 2025, averaging over Rs. 45 Bn. per month Doubles annual asset growth of the Bank compared to growth reported in 2024 Deposits grow by Rs. 372 Bn.; CASA ratio improves to 39.65%…
Profit before Income Tax – LKR 19.6 Bn up by 22.3% Profit after Tax – LKR 12.1 Bn up by 20.5% Total Assets of LKR 921 Bn, with a 18% growth Return on Equity (ROE) of 15.89% Total Capital Adequacy Ratio of 17.89% Impaired Loans (Stage 3) Ratio at 1.03% Seylan Bank reported its financial…
Hambantota International Port (HIP) welcomed the cruise vessel AIDAdiva on 12 February 2026, marking the ship’s first call at the southern port and the second visit by AIDA Cruises to Hambantota. The 251.89-metre, Italian-flagged vessel, built in 2007 and registered in Genoa, arrived from Thailand carrying approximately 2,000 passengers and 620 crew. The majority of…
Group’s total tax contribution amounted to Rs 48.4 Bn in 2025 Group’s Gross Loans and Advances crosses Rs 1.5 Tn in 2025 and deposits crosses Rs 2.0 Tn Net Fee and Commission Income grew by 28.9% year-on-year Asset quality strengthened with the Net Stage 3 ratio improving to 1.09% and Stage 3 coverage at 75.97%…
Video Story
