Janashakthi PLC (JXG) has entered into a Share Purchase Agreement with Melstacorp PLC (MELS), the sole shareholder of Continental Insurance Lanka Limited (CILL), to acquire a 100% stake in CILL, subject to the approval of the Insurance Regulatory Commission of Sri Lanka (IRCSL). The transaction will see JXG acquire an initial 81% controlling stake, followed…
LKR 112Bn loan growth, up 26% YoY Profit Before Tax LKR 18.4Bn, up 7% YoY Profit After Tax of LKR 15.6Bn, up 77% YoY Net Stage 3 Ratio of 1.05% Tier I Capital Ratio of 12.76% Total Capital Adequacy Ratio of 16.41% Return on Equity of 31.33% Nations Trust Bank PLC (NTB) reported a strong…
Financial Performance Sampath Bank delivered a strong financial performance for the six months ended 30th June 2026, reporting Total Operating Income of Rs 63.3 Bn, an increase of 17% compared to the corresponding period last year. The Bank’s performance was driven by sustained growth across its core revenue streams, with Net Interest Income increasing by…
Cargills Bank’s results for the six months ended 30 June 2026 reported a profit before tax of Rs. 362 Mn reflecting a 22% drop when compared to the corresponding period in 2025. This was primarily driven by a significant Rs. 422 Mn reduction in total other income alongside an 11% increase in total operating expenses…
As Sri Lanka moves beyond economic stabilisation, the next challenge is turning policy direction and reform into sustained economic progress. With stabilisation no longer the only priority, attention is increasingly turning to what comes next – how to sustain growth, build competitiveness and translate reforms and investment into lasting economic progress. This will be among…
Balance Sheet crosses key milestones amid strong business growth Loan book grew by 15% in 1H 2026 Asset Quality holds firm with Net Stage 3 at 1.17% Liquidity and Capital Strength continue to support Growth Named Best Bank for Large Corporates by Euromoney for a second consecutive year Navigating a period of economic volatility and…
Advantis, the transportation and logistics arm of Hayleys PLC, has introduced Sri Lanka’s largest crane, the country’s first and only 900-tonne crawler crane, through its joint venture with Sarens, expanding the country’s capacity to undertake complex heavy-lift and project cargo work. The new crane strengthens Advantis’ engineered heavy-lifting capability across renewable energy, infrastructure and industrial…
The Securities and Exchange Commission of Sri Lanka (SEC), Colombo Stock Exchange (CSE), and the stock broking industry are conducting a series of ‘Invest Sri Lanka’ Investor Forums in Australia, with multiple forums to be held in Melbourne and Sydney. The forums will be held in Sydney and Melbourne from 17th August 2026 to 20th…
Sri Lankan engineering and technology company ISF, with bold ambitions in manufacturing AI, has officially launched the world’s first fully automated coconut dewatering system. The system improves productivity, reduces labour dependency and addresses operational inefficiencies across the coconut processing industry, while improving return on investment. Designed and manufactured in Sri Lanka by local engineers, the…
Reuters – Asian stocks rose on Thursday after U.S. inflation data came in as expected, dampening expectations of further near-term Federal Reserve rate hikes, while oil held near $80 a barrel as Washington and Tehran remained deadlocked over efforts to end the Gulf war. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.97%, led by…
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