Category: Industry
Sri Lanka Unveils South Asia’s First Solar Bakery Oven in Landmark Clean Energy Milestone
Sri Lanka became the first country in South Asia to unveil a solar hybrid bakery oven, designed with both solar and biogas energy sources to ensure uninterrupted operation despite unpredictable weather conditions. The event, held on 22 May at Cinnamon Lakeside Colombo, was hosted by Incitare Sri Lanka and the Global Rethinking Finance Collaborative (GRFC), […]
CBSL introduces maximum Loan to Value ratio for gold backed lending & tightens LTV ratios for motor vehicles
The Governing Board of the CBSL decided to introduce a maximum LTV ratio for credit facilities secured by gold and tighten the maximum LTV ratios applicable to credit facilities granted in respect of motor vehicles with effect from 25 May 2026. These steps are taken by the CBSL in line with its macroprudential authority, in […]
Commercial Bank among the first banks to partner with Port City Colombo to open a branch
Demonstrating its commitment to supporting the nation’s next phase of economic transformation, Commercial Bank of Ceylon has become one of the first banks in Sri Lanka to enter into an agreement to establish a fully-fledged branch at Port City Colombo, marking a significant step in the Bank’s strategic expansion into the country’s emerging international financial […]
EDB Launches Awareness Programme for Exporters in the Light Engineering Sector
With the aim of strengthening the export competitiveness of Sri Lanka’s light engineering industry, the Industrial Products Division of the Export Development Board (EDB) inaugurated a special Awareness Programme for Exporters and Potential Exporters in the Light Engineering Sector at the EDB headquarters in Colombo. The inauguration programme was held at the EDB on 19 […]
Energy Minister Dispels Coal Demurrage Rumors: Zero Extra Cost to Consumers
Energy Minister Anura Karunathilake has strongly refuted widespread social media claims alleging that the government is paying massive delay charges (demurrage) for ongoing coal shipments, assuring the public that the situation will place zero additional financial burden on electricity consumers. Speaking at a special media briefing, Minister Karunathilake clarified that the state-run Lanka Coal Company […]
ComBank Group’s assets cross Rs. 3.5 Tn. in milestone-rich first quarter of 2026
The Commercial Bank of Ceylon PLC and its subsidiaries have become the first private sector banking group in Sri Lanka to exceed Rs. 3.5 trillion in assets, one of several achievements in a milestone-studded first quarter of 2026. Building on its lending-centred record-breaking performance of 2025, the Commercial Bank Group posted total assets of Rs. […]
Rs. 8.5 Billion for 1,898 Employees under CEB Voluntary Retirement Scheme
In line with the ongoing restructuring of the Ceylon Electricity Board (CEB), the Ministry of Power and Energy has launched a major compensation program for employees opting for voluntary retirement. Under this initiative, a total of Rs. 8.5 billion has been allocated to reward 1,898 employees, marking one of the largest retirement compensation packages in […]
MIFL records PBT of LKR 818Mn in FY 2025-26, up 193-pct YoY
Mahindra Ideal Finance Ltd. (MIFL) reported its strongest ever financial performance in the year ended 31 March 2026, recording significant growth across profitability, lending volumes, and operational efficiency. The company posted a Profit Before Tax (PBT) of LKR 818 million, reflecting a 193% Year-on-Year (YoY) increase, while Profit After Tax (PAT) rose to LKR 478 […]
Sri Lanka’s real estate leaders chart a 10-yr vision at RIUNIT forum
Sri Lanka’s most influential voices in property, investment, policy and urban development convened at the Port City Sales Gallery on Monday, 5th May 2026, for Driving Growth Through Real Estate: 10 Year Plan – a high-level forum conceptualised and hosted by the Research Intelligence Unit (RIUNIT). The half-day forum, held from 2:30 PM to 7:00 […]
Vietjet Air announces Colombo – Ho Chi Minh City route, strengthening Sri Lanka – Vietnam cooperation
Vietjet Air, Vietnamese new-age hybrid airline, has announced its first direct service connecting Colombo to Ho Chi Minh City at the Sri Lanka – Vietnam Trade, Investment and Tourism Cooperation Forum. The announcement took place in the presence of General Secretary and President of Vietnam To Lam, Prime Minister of Sri Lanka Harini Amarasuriya, and […]
Ceylon Chamber to Host Mineral Sands Technical Conference with Mineral Technologies Australia
As Sri Lanka looks to better position its mineral sands resources within a globally competitive and responsibly developed industrial framework, The Ceylon Chamber of Commerce will host a one-day Technical Conference on the mineral sands sector on 17 June at the Galle Face Hotel, Colombo from 9.00 a.m. to 5.00 p.m. As global demand for […]