Category: Industry
World Bank Group & Sri Lanka Partner to Improve Digital Services & Grow Digital Economy
The World Bank Board of Executive Directors today approved a $50 million project to support Sri Lanka’s digital transformation. The project will promote innovation and investment in Sri Lanka’s digital sector, modernize government services, and make them easier to access and more responsive to the needs of people and businesses. The Sri Lanka Digital Transformation Project will […]
Kaspersky reveals over 3.9m local malware incidents in Sri Lanka
As cyber threats continue to grow in scale globally, new data highlights that local malware infections remain a persistent risk for users in Sri Lanka. According to Kaspersky, which detected an average of half a million malicious files every day worldwide in 2025, offline infection vectors continue to contribute significantly to the regional threat landscape. […]
Lion Brewery reaffirms commitment to flood resilience and community support in Biyagama
Lion Brewery (Ceylon) PLC (Lion) reaffirmed its commitment to strengthening community partnerships through its flood response efforts and ongoing work to build long-term flood resilience and community support in Biyagama, home to the Company’s core operations. During the recent floods along the Kelani River, Lion supported the Biyagama community throughout the emergency response and recovery […]
Hambantota International Port Remains Fully Operational Despite Extreme Weather
As Sri Lanka experiences one of the worst flood situations recorded in its history, which has crippled national infrastructure and forced operations to suspend at the Port of Colombo, Hambantota International Port (HIP) has remained fully operational, reinforcing its strategic importance as the country’s second major commercial hub. Although Hambantota also faced heavy rains, it […]
Banks Association pledges strong support for economic revival
The Sri Lanka Banks Association (SLBA) in a meeting with the Governor of the Central Bank of Sri Lanka (CBSL) today pledged its fullest support to revive the country’s economy following the damage inflicted by Cyclone Ditwah. The banks represented by the Association stated that a detailed impact assessment has already been initiated across banks […]
Sri Lanka economic summit opened with focus on recovery and resilience after cyclone Ditwah
The Ceylon Chamber of Commerce opened the Sri Lanka Economic & Investment Summit on Tuesday with a renewed sense of purpose, reframing the annual event as a platform for national recovery following the devastation caused by Cyclone Ditwah. Addressing more than 800 delegates, including over 100 overseas investors, the Chamber’s Chairperson, Krishan Balendra began by […]
Telecom operators and partners accelerate restoration of connectivity after cyclone Ditwah
Sri Lanka’s national telecommunication operators, in close coordination with government authorities, are intensifying round-the-clock recovery efforts to reconnect communities battered by severe flooding and landslidestriggered by Cyclone Ditwah since 27 November. The disaster has claimed 334 lives, left nearly 400 people missing or unaccounted for, and affected more than 1.3 million individuals nationwide, with rising […]
Sri Lanka’s Central Bank keeps policy rate unchanged
The Monetary Policy Board, at its meeting held yesterday, decided to maintain the Overnight Policy Rate (OPR) at the current level of 7.75%. The Board arrived at this decision after carefully considering evolving developments and the outlook on both domestic and global fronts. The Board is of the view that the current monetary policy stance […]
Acquisitions of Small Sri Lanka Banks Neutral to BOC’s and PB’s Ratings: Fitch Ratings
Fitch Ratings says the proposed transfers of state-owned shares – of Housing Development Finance Corporation Bank of Sri Lanka (HDFC, BB+(lka)/Rating Watch Positive) to Bank of Ceylon (BOC, CCC+/AA-(lka)/Stable) and of State Mortgage & Investment Bank (SMIB, BB(lka)/Rating Watch Positive) to People’s Bank (Sri Lanka) (PB, AA-(lka)/Stable) – are unlikely to affect the acquirers’ ratings. […]
‘s &’s National Ratings on Rating Watch Positive on Proposed Acquisition
Fitch Ratings has placed Housing Development Finance Corporation Bank of Sri Lanka’s (HDFC) National Rating of ‘BB+(lka)’ and State Mortgage & Investment Bank’s (SMIB) National Rating of ‘BB(lka)’ on Rating Watch Positive (RWP). HDFC’s rating was previously on a Negative Outlook. Key Rating Drivers Acquisition on the Cards: The rating action follows the announcement by the […]
New Container Inspection Yard at Hambantota International Port with Rs. 1 Bn Investment
Hambantota International Port Group (HIPG) is proceeding with the development of a new, purpose-built Container Inspection Yard within the Hambantota International Port (HIP) premises. The Rs. 1 billion project represents a significant private-sector investment and to be developed by Rank Container Terminals (Pvt) Ltd (RCT). This new facility is designed to serve as a centralised […]
‘s 47-pct y-o-y increase in Group PAT, reaching Rs.34.7Bn
Sustaining its upward momentum, HNB delivered strong results in the first nine months of Group PAT reached Rs 34.7 Bn, marking a 47% YoY increase, while the Bank’s PAT grew by 42% YoY to Rs 31.5 Bn. Commenting on the performance, Mr. Nihal Jayawardena, Chairman of HNB PLC stated, “The period under review has been […]