David Pieris Automobiles (Pvt) Ltd., the four-wheeler sales arm of the David Pieris Group of Companies, has entered into a strategic partnership with the Commercial Bank of Ceylon to introduce specially structured leasing solutions for the GWM and BAIC range of vehicles in Sri Lanka. This collaboration reinforces the sharedContinue Reading
Assetline Insurance Brokers (Private) Limited (AIBL), a subsidiary of the David Pieris Group, has further strengthened its market position following the award of the Reinsurance Broking License by the Insurance Regulatory Commission of Sri Lanka (IRCSL). Backed by the financial strength, governance framework and institutional credibility of the David PierisContinue Reading
As Child Action Lanka (CAL) marks its 20th Anniversary under the theme βEvery Child Can,β 35 children from CAL centres across Sri Lanka brought those words vividly to life at the Iron Kids Colombo 2026. Competing against participants from across the country, CALβs young athletes delivered an extraordinary overall sweep,Continue Reading
Union Bank of Colombo PLC announced its proposed Debenture Issue 2026, a strategic move aimed at raising up to LKR 3 billion. This issue is designed to bolster the Bankβs Tier II capital base and provide a robust financial foundation for its upcoming growth initiatives. The offering consists of BaselContinue Reading
The Commercial Bank of Ceylon achieved another performance milestone in 2025, becoming the first private sector bank in the country to expand its loan book beyond Rs. 2 Tn., with a growth of Rs. 541 Bn. over 12 months at a monthly average of over Rs. 45 Bn., demonstrating itsContinue Reading
The SLT Group reported substantial cost savings for the full year ended December 31, 2025, fuelling significant profit growth and demonstrating consistent execution throughout all key metrics. The strong performance was driven through disciplined expense management, reduced finance costs, and strategic operational improvements. The SLT Group ended FY 2025 asContinue Reading
The Walk of Art 2026 International Footwear and Leather Fair, jointly organized by the Ministry of Industries and Entrepreneurship Development, Industrial Development Board (IDB), Export Development Board (EDB) and the Sri Lanka Footwear and Leather Goods Manufacturers Association, was held on February 27 at the Sirimavo Bandaranaike Exhibition Hall, Colombo,Continue Reading
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