Category: Uncategorized
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 […]
EVs and the grid: What the data really says about Sri Lanka’s energy future
Guest Column by Dr. Beshan Kulapala, Co-Founder, Director & CEO of Volt Charge Sri Lanka Recent discussions around electric vehicles (EVs) and their impact on Sri Lanka’s electricity grid have gained traction, particularly amid broader global energy uncertainty. Concerns around grid stability are both valid and important as the country navigates evolving energy conditions, making […]
Tribute: Nissanka Welikala – Planter (1945-2026)
April 28, 2026 (LBO) – In Sri Lanka you come across all types of ‘characters’, and then there was my Uncle Nissanka, AKA Aswin, Alex and of course ‘Boora.’ Nissanka Welikala was the only son of Radiologist Dr. A. H. N. Welikala and Viola Welikala. Dr. Welikala dropped dead of a heart attack in his […]
Fitch Downgrades National Development Bank’s National Rating to ‘A-(lka)’; Outlook Negative
Fitch Ratings has downgraded National Development Bank PLC’s (NDB) National Long-Term Rating to ‘A-(lka)’ from ‘A(lka)’. The Outlook is Negative. Fitch has also downgraded the rating assigned to NDB’s Basel III-compliant subordinated debentures to ‘BBB(lka)’ from ‘BBB+(lka)’. Key Rating Drivers Fraud Elevates Credit Profile Risks: The downgrade reflects NDB’s weakened credit profile relative to that […]
ADB President welcomes Sri Lanka Prime Minister, Reaffirms support for recovery and reform
Asian Development Bank (ADB) President Masato Kanda met today with Sri Lanka Prime Minister Harini Amarasuriya at ADB’s Manila headquarters. The meeting reaffirmed the strong development partnership between ADB and Sri Lanka, with both leaders underscoring their commitment to post-cyclone recovery, inclusive growth, and advancing women’s equality. “Sri Lanka’s resilience in the face of crises […]
APHNH President Raveen Wickremesinghe on trust, standards and collaboration
Sri Lanka’s private healthcare sector is being asked to expand capacity while rebuilding public trust. In this interview, Raveen Wickremesinghe, President of the Association of Private Hospitals and Nursing Homes (APHNH), sets out an evidence-led agenda for the new term, focused on clearer standards, ethical safeguards, and closer alignment with national health priorities. He notes […]
Interview with Rajitha Jayasuriya of Fairway Holdings
As the island economy continues to progress along the road to recovery, the real estate sectoris gathering momentum in terms of its contribution to the construction sector as well as theeconomy as a whole. Several new developments are leading the way from the supply-side ofthe market. Today, we have the distinct pleasure of speaking with […]
Sri Lanka apparel exports ease in January while UK market remains stable
Sri Lanka’s apparel exports declined by 2.66% year-on-year in January 2026, falling to US$ 425.44 million from US$ 437.07 million in January 2025, reflecting continued pressure across key export markets. Exports to the US fell by 2.73% to US$ 165.11 million, while exports to the EU (excluding the UK) declined by 1.93% to US$ 126.99 […]
Winter Dressing Tips When It’s Really Cold Out
Embracing a balanced lifestyle is key to achieving overall well-being and happiness. Start by practicing mindfulness through meditation or journaling, which helps reduce stress and improve mental clarity.