In a landmark move towards digital transformation within Sri Lanka’s legal system, the Supreme Court officially launched online payment acceptance via GovPay, at a ceremony held on 15th May 2025 at the Supreme Court Complex in Hulftsdorp, Colombo 12, under the distinguished patronage of Honourable Chief Justice Murdu Fernando, PC. This digital initiative enables both…
Sri Lanka’s banking giant, the Bank of Ceylon closed its Debenture Issue 2025 in a few hours of opening on 15th May 2025 due to oversubscription, after receiving applications in excess of Rs 15 billion. This demonstrated the overwhelming investor confidence in the Bank. The Bank offered an initial issue up to 100 million Basel…
Hemas Holdings PLC, announced the appointment of Ashish Chandra as its new Group Chief Executive Officer, effective 1st July 2025. This appointment marks a strategic inflection point for Hemas as the Group sharpens its focus on accelerating growth across larger emerging markets, expansion into adjacencies, and driving technology-led transformation to position the business for sustained success. A seasoned…
The Colombo Stock Exchange (CSE) witnessed a strong rebound today (15), with the benchmark All Share Price Index (ASPI) climbing 183.55 points, or 1.14%, to close at 16,314.79. The S&P SL20 Index, which tracks the performance of 20 leading stocks, also advanced by 61.60 points (1.30%) to end at 4,795.63, reflecting improved investor sentiment across…
Hon. Deputy Minister of Tourism, Sri Lanka, Mr. Ruwan Ranasinghe, has been honored with a Professorship by Sichuan University, China, in recognition of his contributions to cultural heritage research and tourism development. Mr. Ranasinghe earned his PhD in Tourism Management from Sichuan University in 2017. Upon returning to Sri Lanka, he established the Department of…
Reaffirming its position as a trailblazer in Sri Lanka’s banking sector, Sampath Bank has become the first local bank to launch a next-day POS settlement feature that functions seamlessly across weekends and public holidays. Introduced in collaboration with the Ceylon Petroleum Corporation (CEYPETCO), this pioneering solution is a national first, tailored specifically for CEYPETCO fuel…
Industry leaders and policymakers collaborate to discuss ways to enhance digital payment acceptance among small businesses Mastercard recently hosted the ‘Access Unlocked: Digital Payments for Every Business with Low-cost Acceptance for a High-impact Economy’ summit, bringing together industry leaders, policymakers, and financial experts for a dialogue on tackling challenges in expanding digital payment acceptance among small and…
The signing of Bilateral Amendatory Agreements with the EXIM Bank of India in relation to the present External Debt Restructuring Process is a significant milestone of External Debt Restructuring of Sri Lanka. The Government of India has played a pivotal role in spearheading Sri Lanka’s External Debt Restructuring Process, co-chairing the Official Creditor Committee alongside…
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, has introduced the country’s first-ever QR reload system, enabling customers to reload their Mobile, Home Broadband, or Dialog Television connections with greater ease at retail outlets. This latest innovation harnesses digital technology to streamline the top-up process, offering customers a faster and more convenient way to stay…
∙ Group Core Business Profit After Tax of LKR 2.9 Bn ∙ Group Total Capital Adequacy Ratio – 14.656% ∙ Group Total Assets up by 8% to LKR 765 Bn ∙ Bank Profit After Tax of LKR 7.8 Bn including the gain on disposal of the 50% stake in Acuity Partners DFCC Bank showcased a…
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