We wish to provide an update on the actions being taken following the recently identified incident. In line with the Corporate Disclosure made on 23rd April 2026 and as indicated in our 6th April 2026 Corporate Disclosure, an independent forensic review focused specifically on the fraudulent transactions has been initiated and will be conducted by […]
Category: Markets & Economy
NDB Wealth Hosts Family Office Forum 2026 at Cinnamon Life Colombo
NDB Wealth successfully hosted its NDB Wealth Family Office Forum 2026 at Cinnamon Life Colombo, bringing together ultra-high-net-worth (UHNW) individuals, high-net-worth (HNW) families, family-owned businesses, and global strategists for a high-impact afternoon of dialogue on the future of private wealth. The forum featured four keynote addresses and expert-led panel discussions covering global macro trends, investment […]
CDB Powers Success of Motor EV Technology Show 2026
Citizens Development Business Finance PLC (CDB) once again played a pivotal role in driving Sri Lanka’s transition toward sustainable mobility as the Official Financial Partner of the Motor EV Technology Show 2026, held from 27th to 29th March at the BMICH – Sirimavo Hall. The event drew a vibrant footfall of EV and general vehicle […]
BYD 10,000 Deliveries Milestone
BYD and its authorised Sri Lankan agent, John Keells CG Auto, marked the milestone of 10,000 vehicle deliveries at BYD’s largest delivery hub in Thudalla. With the capacity to deliver up to 100 vehicles per day, the facility reflects BYD’s growing presence in Sri Lanka and its commitment to expanding customer access. Chief Executive Officer […]
Binance Launches ChainCeylon 2026 to Advance Blockchain Education Across Sri Lankan Universities
Student-Led Initiative Empowers Youth with Practical Web3 Skills and Builds Sustainable Campus Networks Binance, the world’s leading cryptocurrency exchange by trading volume, has launched ChainCeylon 2026, a flagship education program aimed at deepening blockchain literacy and promoting responsible crypto adoption across Sri Lankan universities. The inaugural workshops, conducted at the University of Sri Jayewardenepura, University […]
More than 1,000 BAIC X55 SUVs hit Sri Lankan roads
David Pieris Automobiles (Private) Limited (DPA), the four-wheeler sales arm of the David Pieris Group and the sole distributor for BAIC vehicles in Sri Lanka, recently celebrated a significant milestone with the release of its 1,000th BAIC X55. This achievement reinforces the company’s commitment to delivering high-quality vehicles while steadily increasing local value addition. The […]
Mahindra ldeal Finance’s Rs 1 Bn Debut Debenture lssue Oversubscribed on day 1
Mahindra Ideal Finance Limited (MIFL) has announced the successful conclusion of its debut Rs 1 Billion debenture issue, which was oversubscribed on the first day of opening, marking a significant capital market milestone for one of Sri Lanka’s fastest-growing licensed Non-Banking Financial Institutions. The Issue comprised up to Ten Million (10,000,000) Tier 2, Listed, Rated, […]
NDB Wealth Hosts Exclusive Investor Forum and Networking Session in Kandy
Kandy, Sri Lanka – NDB Wealth recently hosted an exclusive investor forum and networking session in Kandy, bringing together an esteemed gathering of top business leaders, high net worth individuals, and corporate professionals for an engaging and insightful discussion on the evolving financial landscape and emerging investment opportunities. The forum provided attendees with expert insights […]
JAT Holdings Completes Second-Phase Expansion of Binder Plant, Increasing Capacity by 76%
JAT Holdings PLC has completed the second phase of the expansion of its binder manufacturing plant in Sri Lanka. The facility is now fully operational and will increase production capacity by 76%, supporting the Group’s growth ambitions across its emulsions and coatings portfolio in both domestic and regional markets. Binders are a main raw material […]
Softlogic Life surpasses Rs. 40 Bn GWP in FY25; doubles key financial metrics over four years
FY25 Performance Highlights Softlogic Life delivered a strong financial performance for the year ended December 31, 2025, recording a Gross Written Premium (GWP) of Rs. 40.1 billion delivering a robust year-on-year growth of 27% whilst taking significant strides to expand and further develop its business portfolio with the addition of the Allianz Life Insurance Lanka […]