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Deflation expected to end by Q3-2025; economy to grow by around 4.5-pct in 2025: CBSL
The Central Bank of Sri Lanka (CBSL) has released its second Monetary Policy Report for 2025, in line with the transparency and accountability requirements of the new Central Bank of Sri Lanka Act, No. 16 of 2023. The biannual report offers a forward-looking analysis of the economy, with a specific focus on the inflation and […]
U.S. Navy Littoral Combat Ship USS Santa Barbara to Arrive in Colombo
The U.S. Embassy in Sri Lanka announces the visit of the Independence-variant littoral combat ship USS Santa Barbara (LCS 32) to the Port of Colombo on August 16. The visit marks the USS Santa Barbara’s first port call to Colombo, underscoring the strength of the U.S.–Sri Lanka partnership and our shared commitment to a secure, […]
ComBank creates history in Q2 as first private sector bank with assets of Rs. 3 trillion
Group deposits surpass Rs. 2.5 Tn. mark Loan book grows by Rs. 206 Bn. in 6 months to Rs. 1.73 Tn., disbursements average Rs. 34.33 Bn. per month Group net interest income up 17.39% to Rs. 68.81 Bn. Improves NIM and CASA Total taxes increase by over 60% for 6 months to Rs 24.42 Bn. […]
U.S. Ambassador Meets with the Ceylon Chamber Leadership
The Ceylon Chamber of Commerce was honoured to welcome the Ambassador of the United States to Sri Lanka, Julie Chung, for a courtesy visit with the Ceylon Chamber’s leadership. Ambassador Chung met with Chairman Krishan Balendra, Vice Chairman Bingumal Thewarathanthri, Deputy Vice Chairman Vinod Hirdaramani, Secretary General and CEO Buwanekabahu Perera and other representatives of […]
Yara Technologies partners with Clover Infotec to revolutionize EdTech in Botswana
Empowering schools with predictive analytics and seamless communication solutions with Talkative Parents and Quanta Platforms Yara Technologies (Pvt) Ltd (“Yara”), a fast-scaling EdFinTech startup in Sri Lanka, has announced a strategic resale partnership with Clover Infotec to launch its flagship platforms – Talkative Parents and Quanta – in Botswana. This partnership represents a pivotal step […]
Nations Trust Bank delivers 26% loan growth in 1H 2025 supporting economic revival
Nations Trust Bank PLC reported strong results for the six months ending 30th June 2025, achieving a Profit After Tax (PAT) of LKR 9Bn, reflecting a healthy 10% year-on-year growth. Nations Trust Bank, Director & Chief Executive Officer, Hemantha D Gunetilleke, stated, “The Bank’s performance in 1H 2025 highlights our commitment to economic growth and […]
Ambeon Group Reports Strong Q1 2025/26 Performance with Profit Growth
Ambeon Capital PLC, the investment holding company of the Ambeon Group reported a Profit After Tax (PAT) of LKR 731 Mn making a significant profit growth compared to the PAT of LKR 83 Mn in the same period last year. Ambeon Holdings PLC the group’s principal operating subsidiary which is a leading diversified conglomerate with […]
Priyantha Weerasuriya Appointed as New IGP
President Anura Kumara Dissanayake has appointed Senior Deputy Inspector General of Police, Attorney-at-Law Priyantha Weerasuriya, as the new Inspector General of Police (IGP). The letter of appointment was handed over to the new Inspector General of Police, Attorney-at-Law Priyantha Weerasuriya today afternoon (13) by the Secretary to the President, Dr. Nandika Sanath Kumanayake at the […]
President Leads Second EDCM, Accelerating Progress Toward USD 36 Bn Export Target
Sri Lanka Achieves 6.88% Export Growth in H1 2025, Records Significant Progress on Key Trade Facilitation Initiatives His Excellency President Anura Kumara Dissanayake yesterday (August 12, 2025) chaired the Second Export Development Council of Ministers Meeting (EDCM) at the Presidential Secretariat, marking significant milestones in Sri Lanka’s ambitious journey toward achieving USD 36 billion in […]
Opinion: Are Residential apartments the best asset class in town?
By The Research Intelligence Unit, Colombo It was said many years ago that Sri Lankans would never take to apartments because indigenous values demanded dwellings to have gardens, be accommodating to continuous refurbishments and for properties to be transferable from one generation to the next. Over the past two decades, we have witnessed the complete […]