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JKH records strong performance in Q1 2025/26; EBITDA of Rs.12.97 billion
EBITDA includes interest income and the share of results of equity accounted investees which is based on the share of profit after tax but excludes all impacts from foreign currency exchange gains and losses (other than for equity accounted associates), to demonstrate the underlying cash operational performance of businesses. EBITDA (Rs.’000) Summarised below are the […]
HNB & Nucleus Software Collaborate to Enhance Transaction Banking Experience with FinnAxia
HNB PLC, one of Sri Lanka’s leading and most forward-looking financial institutions, has implemented FinnAxia®, the advanced Transaction Banking Suite from Nucleus Software, as part of a strategic initiative to strengthen its leadership in digital banking and meet the growing needs of its corporate and SME clients across Sri Lanka and around the globe. In […]
CA Sri Lanka among world’s first to join global drive for ISSB Sustainability Standards adoption
Sri Lanka has been recognised among the first jurisdictions in the world, and in South Asia, to join the global drive to adopt the IFRS Sustainability Disclosure Standards (ISSB Standards). As part of this effort, the IFRS Foundation has released an initial set of 17 jurisdictional profiles, including Sri Lanka, offering capital markets greater transparency […]
SL’s draft media policy must protect freedoms & not just prescribe rules, says PRCA country rep
The Public Relations and Communications Association Asia Pacific (PRCA APAC), together with Mark and Comm Ltd, acknowledges the Government’s step in developing a national media policy. As professionals committed to ethical communication and the strengthening of public discourse, we welcome the initiative in principle. However, we believe the current draft, while broad in scope, requires […]
ComBank’s Rs 15 billion Green Bond Issue opens on 4th August
The Commercial Bank of Ceylon has announced plans to raise up to Rs 15 billion for lending to sustainability-linked projects via a Green Bond approved in principle by the Colombo Stock Exchange (CSE) for public listing. The Green Bond Issue opening on Monday 4th August 2025 will comprise of an initial issue of 100 million […]
Sri Lanka’s Exports Surge to USD 8.3 Billion in First Six Months of 2025
Sri Lanka’s export sector demonstrated remarkable resilience and steady progress during the first six months of 2025, with total exports reaching US$ 8,337.86 Mn, marking a robust 6.70 % growth compared to the same period in 2024. Total exports, including both merchandise and services reached US$ 1,460.34 Mn in June 2025. This shows an impressive […]
‘s New Stablecoin Law Mandates Full Reserve Backing, Monthly Disclosures
President Donald Trump has signed the GENIUS Act into law, making it the first U.S. federal legislation to regulate stablecoins. The law requires full reserve backing, monthly reserve disclosures, and strict rules to prevent misleading marketing. The move triggered a rally in digital assets, with Bitcoin surpassing $123,000 during the debate in the House, and […]
Sri Lanka’s Plantation sector sounds alarm over 30% U.S. tariff
The Planters’ Association of Ceylon (PA) has expressed grave concern over the United States’ decision to impose a 30% tariff on Sri Lankan tea and rubber exports, set to take effect from August 1st. The Association warns that this move could devastate two of Sri Lanka’s most historic and employment-intensive sectors, tea and rubber undermining […]
VIDEO: Why China Is Building Ships in the Desert
In the middle of the Chinese desert, miles from any ocean, lie massive naval ships. In this video, we explore why China built them in the sand and what they’re used for.
Sri Lanka’s Textile and Apparel sector strengthens ESG transparency with new GRI-backed initiative
A new sustainability initiative is set to enhance the resilience, competitiveness, and global standing of Sri Lanka’s apparel sector. The Improving Transparency for Sustainable Business (ITSB) programme, jointly launched by the Global Reporting Initiative (GRI) South Asia, the Sustainable Development Council (SDC) of Sri Lanka, Sri Lanka Export Development Board (EDB) and the Joint Apparel […]