Category: Industry
Pan Asia Bank’s Overall Assets Soar over Rs. 300Bn & achieve PAT of Rs.4Bn for Second Consecutive Year
Financial Performance – As Reported Net Interest Income: Rs. 12.75 Bn (+5%) Net Fee & Commission Income: Rs. 2.52 Bn (+37%) Operating Profit before taxes on financial services: Rs. 7.65 Bn Profit Before Tax: Rs. 5.82Bn Profit After Tax: Rs. 4.01Bn Earnings Per Share: Rs. 9.05 Profitability Ratios: NIM 4.55%, ROA Before Tax 2.08%, ROE […]
Cinnamon Life and John Keells Foundation present La Bamba – The song of Veracruz
Cinnamon Life, in collaboration with John Keells Foundation (JKF) and in association with Nations Trust Bank (NTB), announced the stagingof the West End–licensed musical La Bamba! The Song of Veracruz at a press conference held on 5 February 2026 at Cinnamon Life, City of Dreams, Colombo. The musical theatre production will be performed at Cinnamon […]
ADB appoints Shannon Cowlin as new country director for Sri Lanka
The Asian Development Bank (ADB) has appointed Shannon Cowlin as its new Country Director for Sri Lanka. She has assumed office in Colombo today. “I am honored to be appointed Country Director of ADB’s Sri Lanka Resident Mission,” Ms. Cowlin said. “For many years, ADB has been a trusted partner of Sri Lanka, supporting the […]
HIP Welcomes Over 2,000 Thai Cruise Passengers, Signalling a New Growth Market for Sri Lanka
2,100 Thai cruise passengers arrived at Hambantota International Port (HIP) this week aboard the MV Celebrity Millennium. The call points to the emergence of Thailand as a promising new market for Sri Lanka’s cruise tourism. The Malta-flagged Celebrity Millennium, operated by Celebrity Cruises, arrived from Phuket on 2 February 2026 with 2,171 passengers and 969 […]
ComBank partners GAIA Greenenergy to accelerate adoption of Green Loans & Leases
Reinforcing its long-term commitment to sustainability, The Commercial Bank of Ceylon has entered into a strategic partnership with GAIA Greenenergy Holdings to expand access to the Bank’s Green Loans and Green Leases, offering employed and self-employed customers more affordable pathways to adopt solar power. The partnership was formalised with the signing of a Memorandum of […]
LANKATILES expands Southern footprint with second showroom in Galle
Sri Lanka’s leading tile manufacturer, LANKATILES, proudly announces the grand opening of its 58th showroom and second in the Galle located at No. 145, Matara Road, Pettigala Watta, Galle. This latest addition marks a significant milestone in LANKATILES’ continued journey of design excellence, innovation, and trusted service built over more than five decades. Inspired by […]
New leadership at SLCGE pledges policy advocacy to strengthen SME apparel exports
TheSri Lanka Chamber of Garment Exporters (SLCGE)held its28th Annual General Meeting (AGM) in Colombo, marking a significant leadership transition and signalling a renewed policy-driven focus on enhancing the competitiveness of Sri Lanka’s small and medium-scale apparel exporters. A key highlight of the AGM was the conclusion of Mr. Bandula Fernando’s distinguished 13-year tenure as President […]
Sri Lanka Opens First Country Pavilion at Source Fashion Apparel Exhibition – London
Sri Lanka’s apparel industry marked a milestone with its first country pavilion at Source Fashion 2026. The exhibition was held from 13 to 15 January 2026 at Olympia London, one of Europe’s leading apparel sourcing events. The pavilion was officially inaugurated on 13 January with a ribbon-cutting ceremony. High Commissioner of Sri Lanka in the […]
OPINION – Northern Investment Summit, Jaffna January 2026
By Jekhan Aruliah When the topic of the Northern economy comes up, Jaffna is often criticized for living on remittances. Small transfers, perhaps a hundred US dollars a month, sent by hard working people overseas to their families in Jaffna and the Northern Province. These gifts are said to be ruining Jaffna youth and the […]
Pine Labs expands its footprint by deploying an API-first Card Issuing & Processing Platform for PABC
One of Sri Lanka’s largest listed entities, the Pan Asia Banking Corporation (PABC) and global fintech platform Pine Labs have today announced a partnership that will see the fintech major implementing an end-to-end card management platform for the bank. Under this partnership, Pine Labs will deploy a full-stack Credit Card Management System for Pan Asia […]
Sri Lanka’s Central Bank keeps the overnight policy rate (OPR) unchanged
At its meeting held yesterday, the Monetary Policy Board decided to keep the Overnight Policy Rate (OPR) unchanged at 7.75%, citing an assessment of recent domestic economic developments, the outlook ahead, and continuing global uncertainty. The Board is of the view that the current monetary policy stance will support steering inflation towards the target of […]
ComBank to boost WSME, Agri SME financing with IFC’s USD 60 Mn Risk Sharing Facility
Reinforcing its position as Sri Lanka’s largest lender to small and medium enterprises (SMEs), the Commercial Bank of Ceylon has partnered with the International Finance Corporation (IFC), a member of the World Bank Group, to significantly expand the Bank’s capacity to lend SMEs nationwide. Under this partnership, IFC will provide risk cover for a US$60 […]