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%…
Trading activity picked up at the Colombo Stock Exchange on Thursday (26), with turnover nearing the Rs. 5 billion mark, reflecting improved investor participation compared to recent sessions. The All Share Price Index (ASPI) gained 78.13 points to close at 23,781.23, while the S&P SL20 Index rose 24.90 points to end at 6,710.17, indicating broad…
Highlights Profit after taxes reach an all-time high of LKR 11.0 billion (2024: LKR 9.0 billion). Excluding the one-off impact of the ISB debt-restructure in 2024, which represents close to a two-fold growth on a comparable basis Net loans and deposits expand by 26.7% and 10.4% respectively on a normalised basis, outperforming industry averages on…
Diversified conglomerate Hayleys PLC has announced plans to raise up to Rs. 7 billion through a listed debenture issue, subject to regulatory approvals. In a disclosure to the Colombo Stock Exchange, the company said its Board of Directors has resolved to issue 50 million listed, rated, unsecured, senior, redeemable debentures, with an option to issue…
SriLankan Airlines unveiled strategic initiatives aimed at enhancing connectivity between India and Sri Lanka while further strengthening the time-honoured bond between the two nations at a special press conference in Delhi, India, alongside SATTE 2026, South Asia’s leading travel and tourism exhibition. The event also spotlighted new destination launches and provided a platform to engage…
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