Category: Corporate & Industry News

Sampath Bank PLC has become the first bank in Sri Lanka to introduce integrated PayPal withdrawal and account connectivity capabilities through Sampath Vishwa, marking a major advancement in Sri Lanka’s digital banking landscape and expanding access to secure global payments. Sri Lanka’s digitally connected workforce and business community continue to expand across international marketplaces and […]

China Harbour Engineering Company (CHEC) has achieved a major construction milestone in the China-aided affordable housing project in Colombo, with the successful topping out of the Maharagama site on 12 May 2026. The milestone marks the completion of the main structural works for 112 housing units, forming part of a wider 1,996-unit housing development designed […]

Nations Trust Bank PLC (NTB) commenced the financial year on a positive note, delivering a strong performance for the three months ended 31st March 2026, with a Profit After Tax (PAT) of LKR 4.6Bn, marking a 12% year-on-year increase. The results were supported by steady asset growth, stable Net Interest Margins (NIMs), and prudent risk […]

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 […]

The Sri Lanka Institute of Marketing (SLIM), the country’s national body for marketing, successfully convened its Annual General Meeting (AGM) 2026 on 8th April 2026 at the iconic Galle Face Hotel. The AGM marked a significant milestone in the Institute’s journey, as a new Council of Management and Executive Committee were formally appointed to steer […]

-Becomes first GI Insurer in Sri Lanka to surpass LKR 30 bln GWP- Sri Lanka Insurance Corporation General Limited (SLICGL) has achieved a historic milestone, becoming the first General Insurance (GI) company in Sri Lanka to surpass LKR 30 billion in Gross Written Premium (GWP). The landmark achievement sets a new benchmark for the industry […]

Mels Automobiles (Pvt) Ltd., the fully owned subsidiary of Melstacorp PLC, has been officially appointed as the authorised importer and dealer for BMW automotive vehicles in Sri Lanka. Mels Automobiles (Pvt) Ltd. will be responsible for the importation, sales, and distribution of new BMW vehicles, the supply of genuine BMW parts, and the provision of […]

HNB PLC and Access Solar Pvt Ltd have entered into a strategic partnership through an MoU aimed at expanding availability solar energy solutions across Sri Lanka. The collaboration focuses on enabling households and enterprises to transition toward renewable energy through accessible solar loan facilities supported by HNB. The partnership brings together the financial strength of […]