The Board of Directors of Commercial Bank of Ceylon PLC has announced the appointment of Hasrath Munasinghe as Executive Director/Chief Operating Officer of the Bank with effect from April 27. He succeeds S. Prabagar, who retires on April 26, after serving in the position for four years and completing aContinue Reading
Enhances Scope for Foreign Investment in Sri Lanka Home Lands, Sri Lankaβs number one and most trusted innovative developer, has secured an over three-acre premium mixed-use land parcel at Port City Colombo in a landmark transaction valued at USD 40.1 million (approximately LKR 12.5 billion), marking one of the mostContinue Reading
Sri Lankaβs apparel exports gained a huge market opportunity from the UK market, it has been reported that Sri Lankaβs apparel exports declined by 2.66% year-on-year in January 2026, falling to US$ 425.44 million from US$ 437.07 million in January 2025, reflecting continued pressure across key export markets. Exports toContinue Reading
Bank of Ceylon (BOC) concluded the financial year ended 31st December 2025 with a landmark performance, achieving a Profit After Tax (PAT) of Rs. 76.0 billion, 18% increase over the previous year, while Profit Before Tax (PBT) reached Rs. 120.8 billion. Beyond financial growth, this year marked a pivotal shiftContinue Reading
Amana Takaful Life PLC provides the best investment options for life insurance policyholders and has delivered an exceptional performance across its unit-linked fund portfolio in 2025, generating strong returns for policyholders through disciplined, strategic, and well-structured fund management. According to the fund performance review as at December 31, 2025, AmanaContinue Reading
Prime Lands Residencies PLC has secured the Otters Club Car Park property in Colombo 7 through a recently concluded agreement with the Urban Development Authority (UDA), marking one of the most significant residential land acquisitions in the district in recent years. The property will be developed into βThe Elizabethβ, aContinue Reading
Sri Lankaβs tea exports recorded a strong start to 2026, with volumes and values posting year-on-year gains in January, according to the latest industry data. Ceylon Tea exports for January 2026 totalled 20.71 million kilograms (M/Kgs), reflecting an increase of 1.34 M/Kgs compared to 19.37 M/Kgs recorded in January 2025.Continue Reading
CIPM launches QS-Accredited CQHRM The Chartered Institute of Personnel Management (CIPM) Sri Lanka, marked a defining milestone in its distinguished history with the official launch of the revised Chartered Qualification in Human Resource Management (CQHRM), now internationally accredited by Qualifications Scotland (QS) at Scottish Credit and Qualifications Framework (SCQF) LevelContinue Reading
The units of the βCAL Three Year Closed End Fundβ were officially listed on the Colombo Stock Exchange (CSE) recently. Accordingly, a total of 841,263,375 units of the βCAL Three Year Closed End Fundβ were listed by Capital Alliance Investments Ltd (CALI), a member of the Capital Alliance Ltd GroupContinue Reading
Sri Lankaβs country-code domain administrator, the LK Domain Registry, has entered into a strategic partnership with Norway-based cybersecurity firm to strengthen monitoring and protection of the .LK namespace amid rising online threats. The move comes as internet usage in Sri Lanka continues to expand, accompanied by a growing number ofContinue Reading