Category: Banking and Finance
Telecom operators and partners accelerate restoration of connectivity after cyclone Ditwah
Sri Lanka’s national telecommunication operators, in close coordination with government authorities, are intensifying round-the-clock recovery efforts to reconnect communities battered by severe flooding and landslidestriggered by Cyclone Ditwah since 27 November. The disaster has claimed 334 lives, left nearly 400 people missing or unaccounted for, and affected more than 1.3 million individuals nationwide, with rising […]
‘s Central Bank keeps policy rate unchanged
The Monetary Policy Board, at its meeting held yesterday, decided to maintain the Overnight Policy Rate (OPR) at the current level of 7.75%. The Board arrived at this decision after carefully considering evolving developments and the outlook on both domestic and global fronts. The Board is of the view that the current monetary policy stance […]
Acquisitions of Small Sri Lanka Banks Neutral to BOC’s and PB’s Ratings: Fitch Ratings
Fitch Ratings says the proposed transfers of state-owned shares – of Housing Development Finance Corporation Bank of Sri Lanka (HDFC, BB+(lka)/Rating Watch Positive) to Bank of Ceylon (BOC, CCC+/AA-(lka)/Stable) and of State Mortgage & Investment Bank (SMIB, BB(lka)/Rating Watch Positive) to People’s Bank (Sri Lanka) (PB, AA-(lka)/Stable) – are unlikely to affect the acquirers’ ratings. […]
‘s &’s National Ratings on Rating Watch Positive on Proposed Acquisition
Fitch Ratings has placed Housing Development Finance Corporation Bank of Sri Lanka’s (HDFC) National Rating of ‘BB+(lka)’ and State Mortgage & Investment Bank’s (SMIB) National Rating of ‘BB(lka)’ on Rating Watch Positive (RWP). HDFC’s rating was previously on a Negative Outlook. Key Rating Drivers Acquisition on the Cards: The rating action follows the announcement by the […]
‘s 47-pct y-o-y increase in Group PAT, reaching Rs.34.7Bn
Sustaining its upward momentum, HNB delivered strong results in the first nine months of Group PAT reached Rs 34.7 Bn, marking a 47% YoY increase, while the Bank’s PAT grew by 42% YoY to Rs 31.5 Bn. Commenting on the performance, Mr. Nihal Jayawardena, Chairman of HNB PLC stated, “The period under review has been […]
Hayleys sustains growth momentum, reports PBT of Rs.13.33Bn in first half of 2025/26
Achieves Revenue and PBT growth of 13% and 7% during the 2nd quarter of the year supported by both domestic and export-oriented businesses Ranked as Sri Lanka’s leading listed corporate in the 32nd edition of the LMD 100 Accelerates growth through strategic expansion in new verticals The Hayleys Group sustained its strong growth trajectory during […]
NVQ Level 4 accreditation for Barista, Setting new benchmark in coffee education
Barista Coffee Lanka (Pvt) Ltd proudly announced that it has been awarded National Vocational Qualification (NVQ) Level 04 accreditation under the Tertiary and Vocational Education Commission (TVEC). The NVQ Level 04Barista Training Program, the first of its kind in Sri Lanka, was conceptualized, co-created, and fully funded by Barista. This achievement underscores the company’s long-term […]
ADB approves USD100 Mn to strengthen macroeconomic resilience, transparency in Sri Lanka
The Asian Development Bank (ADB) has approved a $100 million financing package to build on Sri Lanka’s progress toward macroeconomic stability and to help achieve sustainable growth following the economic crisis. This will be done by strengthening public expenditure management, improving revenue mobilization, and fostering private sector participation. “Sri Lanka has made commendable progress in […]
WCIC’s 40th anniversary celebrations continue with empowering future female entrepreneurs workshop
As part of its year-long 40th Anniversary celebrations, the Women’s Chamber of Industry and Commerce (WCIC) hosted another flagship initiative, Empowering Future Female Entrepreneurs, at Trace Expert City. The event brought together 60 ambitious female undergraduates from 16 universities across Sri Lanka for a full day of learning, mentorship, and inspiration. The program is one […]
Commercial Bank of Ceylon Leadership Meets Bangladesh Bank Governor to Deepen Regional Ties
The corporate leadership of Commercial Bank of Ceylon, led by Mr Sharhan Muhseen, Chairman and Mr Sanath Manatunge, Managing Director/Chief Executive Officer, recently visited the Bank’s operations in Bangladesh and met with Dr Ahsan H. Mansur, Governor of Bangladesh Bank, in Dhaka. Discussions at the meeting centred on the nation’s financial stability and policy direction, […]
Epic Technology Group dominates at National ICT Awards 2025
Epic Technology Group reaffirmed its supremacy in Sri Lanka’s ICT and fintech landscape by securing the highest number of awards at the 27th National ICT Awards – NBQSA 2025, organized by the Sri Lankan section of BCS, The Chartered Institute for IT. The prestigious awards ceremony was held on 10 October 2025 at Hotel Taj […]
London-Colombo FinTech WealthOS demonstrates breakthrough migration capability
The technology built by WealthOS, a London/Colombo-based cloud-native wealth tech SaaS, has powered the migration of 126,000 UK ISA and Junior ISA accounts from Embark (FNZ) to Quai Digital, its flagship UK client and a London-based white-label digital savings and investment platform services provider. The migration was conducted on behalf of The Children’s ISA (TCI), […]