Category: Industry

Pan Asia Bank Crosses Rs. 350 Bn In Assets; 1H Profit Rises 16%

Pan Asia Bank has surpassed Rs. 350 billion in total assets for the first time in its 31-year history, reporting a strong performance for the first half of 2026. For the six months ended 30 June, the Bank recorded a Profit After Tax of Rs. 2.5 billion, up 16% year-on-year, while Net Interest Income grew […]

ComBank Group takes deposits past Rs. 3 Tn. threshold in 6-month performance

The Commercial Bank of Ceylon Group has reiterated its leadership in financial intermediation, becoming the first private sector banking group in Sri Lanka to cross the Rs. 3 trillion threshold in deposits, a new performance benchmark established in the second quarter of the 2026 financial year. The Group’s deposits grew by Rs. 315.13 billion in […]

JXG signs agreement to acquire 100% stake in Continental Insurance Lanka Limited

Janashakthi PLC (JXG) has entered into a Share Purchase Agreement with Melstacorp PLC (MELS), the sole shareholder of Continental Insurance Lanka Limited (CILL), to acquire a 100% stake in CILL, subject to the approval of the Insurance Regulatory Commission of Sri Lanka (IRCSL). The transaction will see JXG acquire an initial 81% controlling stake, followed […]

Cabinet Approves Tender to Build Three Fuel Storage Tanks at Muthurajawela Terminal

The Cabinet of Ministers has approved a proposal by the Minister of Energy to award the contract for constructing three new fuel storage tanks at the Muthurajawela Terminal to a joint venture comprising M/s Indo-East Engineering & Construction (Lanka) (Private) Limited and Ceylex Engineering (Private) Limited. Selected as the lowest bidder through an international competitive […]

Cabinet Approves Rs. 1 Bn Funding Package for Lanka Metro Transit

The Cabinet of Ministers has approved a total funding allocation of Rs. 1,067.5 million for Lanka Metro Transit (Private) Limited, comprising Rs. 800 million in equity capital for infrastructure development and an additional Rs. 267.5 million for operational requirements in 2027. Submitted by the Minister of Transport, Highways, and Urban Development, the proposal supports the […]

When is the best time to hire a dedicated software development team?

Dedicated development teams have recently gained much popularity, as they enable businesses to enjoy all the benefits that a software outsourcing company typically offers – while working with a team that feels more like an extension of their in-house teams, as opposed to an offshore team. However, the question of when to hire a dedicated […]

PickMe Launches Colombo Connect as First Flagship Destination Under New PickMe Explore Platform

Lotus Tower becomes the first destination connected to a city-wide digital ecosystem linking Colombo’s attractions, culture, entertainment and commerce. PickMe yesterday launched Colombo Connect, the first city-wide destination to be introduced under its newly unveiled PickMe Explore platform, a national digital ecosystem designed to connect attractions, experiences, events and communities through a single technology platform. […]

Applications Open for CSSL National ICT Awards 2025

The Computer Society of Sri Lanka (CSSL) has officially called for applications for the prestigious CSSL National ICT Awards 2025, one of the country’s flagship platforms celebrating excellence in Information and Communication Technology. The society invites ICT professionals, educators, researchers, entrepreneurs, and students across the nation to submit their contributions and gain national recognition for […]

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