Sri Lanka’s Employees’ Provident Fund (EPF) recorded strong growth in 2025, with its total value approaching the Rs. 5 trillion mark, supported by historically high member contributions and steady investment income. According to the Central Bank of Sri Lanka Annual Economic Review 2025, the net worth of the Fund rose by 13.0% to Rs. 4,942.9…
The Ministry of Finance, Planning and Economic Development says it has already lodged complaints with law enforcement agencies and other relevant institutions regarding the theft committed by cyber hackers who breached the computer system of the External Resources Department of the Ministry of Finance, Planning and Economic Development. Based on identified information relating to a…
SriLankan Airlines Limited currently operates scheduled passenger and cargo flights to Dubai International Airport. The Standard Ground Handling Agreement entered between Sri Lankan Airlines Limited and Dnata Company, the sole service provider of such services at Dubai International Airport, for passenger handling and supplying ground services expired on 31-03-2026. The Standard Agreement for cargo handling…
Approval was granted at the Cabinet Meeting held on 21-10-2025 to carry out a feasibility study and prepare detailed plans for the extension of the Kelani Valley Railway Line from Avissawella to Ratnapura. The calling of expressions for this purpose has been conducted under the national Competitive Procurement Procedure, and 8 bidders have submitted their…
Amid ongoing global geopolitical and economic uncertainty, and resulting market volatility – including recent spillovers into regional equity markets – Sri Lanka’s unit trust industry continues to underscore the importance of disciplined investing. While recent market conditions have led to a moderation in fund inflows, industry participants highlight that such short-term movements often mirror prevailing…
Sri Lanka Insurance Life Records astounding Rs. 32.6 billion in GWP with a 24% growth Record Rs. 7.56 bn in New Business, achieving Unprecedented 42% growth in 2025 An exceptional payout totaling Rs. 16.2 billion for Claims and Maturity, averaging Rs. 1.35 billion per month Sri Lanka Insurance Life (SLIC Life) delivered a strong and…
New Soundbox and Cloud Commerce solutions make digital payments easier and more affordable for small businesses Mastercard has announced the launch of two new payment solutions in Sri Lanka-Soundbox and Cloud Commerce-marking a major step forward in expanding access to simple, secure, and affordable digital payments for small enterprises. Unveiled at the recent Access Unlocked…
Janashakthi Limited has officially released the basis of allotment for its highly anticipated Initial Public Offer (IPO), following a massive wave of investor interest that saw the issue oversubscribed by more than three times. According to a formal communication from S S P Corporate Services (Private) Limited, the Registrars to the Issue, the company received…
Seeks due recognition of PR as a vital strategic communications discipline At its second AGM held on 21st April, Nimal Gunewardena a veteran in PR and IMC was elected to the role of President of the PR industry body, the Public Relations Association of Sri Lanka, along with a high calibre Board of agency and…
Hayleys PLC announced that its recently concluded Rights Issue of Ordinary Voting Shares has been oversubscribed, reflecting strong investor confidence in the diversified conglomerate’s strategic direction. According to the latest market disclosure, the company received applications for 55,243,312 shares, significantly exceeding the 45,000,000 shares offered. The total value of the subscriptions received, including applications for…
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