Sarvodaya Development Finance records impressive first quarter

Staying true to its vision of developing rural economies, Sarvodaya Development Finance PLC (SDF) has continued to outperform during the first quarter of this financial year.

Sudath Perera Associates and FastCorp to host webinar on setting up offshore companies

Offshore companies are seeing increasing popularity among Sri Lankan businesses, largely fueled by the impact of domestic economic constraints as well as regulatory restrictions on their international trade, investment and capital raising activities. Efficiently navigating such cross-border moves, however, requires a strong understanding of the legal, tax and commercial considerations from both countries.

JAAF pledges support for technology-intensive solutions to build resilience in supply chain disruptions

The UK-based start-up Kavida collaborated with the American Chamber of Commerce (AMCHAM) in Sri Lanka to launch ‘Resilient Sri Lanka’, a new industry forum aimed at facilitating supply chain resilience in the manufacturing sector.

SLID and TISL launch ‘Business Against Corruption’ initiative

Sri Lanka Institute of Directors (SLID) recently entered into a strategic collaboration with Transparency International Sri Lanka (TISL) to launch an initiative under the theme ‘Business Against Corruption’.

New Australian envoy attends launch of landmark educational programme

Newly designated Australian High Commissioner to Sri Lanka Paul Stephens marked his first official appearance in his new role at the launch of a landmark partnership between Firbank Grammar School in Melbourne, Australia, and Ladies’ College Institute of Professional Studies in Colombo on August 12 , through which Firbank will support Ladies’ College to provide young men and women the opportunity to obtain the Victorian Certificate of Education (

Dinesh recognized for contribution to banking industry

Organization of Professional Associations (OPA) of Sri Lanka held its 3rd National APEX awards on August 16, at the Cinnamon Lakeside Hotel, Colombo.

People’s Bank relocates Hyde Park Corner branch

People’s Bank relocated its Hyde Park Corner branch to No.33, Parkland Building, Park Street, Colombo 02. The opening of the new branch was graced by People’s Bank GM/CEO Ranjith Kodituwakku. Pix by Kithsiri De Mel

SDB bank celebrates 25th anniversary

SDB bank, one of the key players in Sri Lanka’s SME-banking landscape has achieved the historic milestone of 25 years of service to Sri Lanka, while helping all Sri Lankans grow and adapt to a changing world.

NDB Wealth Money Fund encourages financial planning

Financial planning and managing investments are increasingly playing a critical role in the life of every individual. True financial resilience has been tested at all levels of society throughout the past months. NDB Wealth Management, having begun its momentous journey, 29 plus years ago, has always been a driving force, identifying and advising clients on the best savings or investment solution whilst taking into consideration the potential ris

NDB Bank launches custody and trustee services

National Development Bank PLC (NDB) recently announced the launch of its custody and trustee service offering. NDB has developed....

From 5th to 2nd position in 5 years: Softlogic Life is now SL’s 2nd largest life insurer

Defying all odds amidst the challenging macroeconomic conditions, Sri Lanka’s fastest-growing life insurer Softlogic Life announced....

Union Bank wins Daraz’s Most Campaign Partnerships award

Union Bank for the second consecutive year was recognised at the Daraz Payment Partner Performance Awards and received....

Seylan with Hayleys Solar enables easy payment plans for solar energy

In its bid to ensure that customers always receive convenient products and services that will enable and better their lives, Seylan Bank....

NTB June profits down 26% amid higher provisions

Nations Trust Bank PLC (NTB), a unit of the John Keells group, saw its earnings for the quarter ended on June 30, 2022 (2Q22) coming down....

Vallibel Finance posts solid performance in very challenging year

In affirmation of its standing, Vallibel was honoured as Best Finance Company 2022 for the second consecutive year by The Global Economics....

HNB ranked amongst the top 1,000 World Banks for sixth consecutive year

Cementing its reputation as one of the world’s most successful banks, HNB PLC, was ranked among the Top 1,000 World Banks for the sixth consecutive year by the Banker Magazine.

Seylan Bank empowers ‘Cycle to Work’ movement with 0% easy payment plans

Standing as a reflection of its commitment to swiftly adapt to the changing requirements of its valued clientele, Seylan Bank has partnered with several of the nation’s leading bicycle suppliers to offer easy payment plans to its Seylan credit card holders.

BOC City Office reopens at historic premises in Colombo 1

The historic ‘City Office’ building of Bank of Ceylon was recently opened after being refurbished to add more glamour and modernity to its historic value.

Pan Asia Bank upgrades customer security with Epic Lanka’s access control server solution

Further consolidating its advanced Information Technology (IT) Infrastructure and Applications required for optimal functioning, Pan Asia Bank announced the installation of a holistic security platform to combat frauds during credit and debit card transactions.

Orient Finance launches ‘Orient FD Plus’ special Fixed Deposit scheme

Orient Finance PLC, a member of the Janashakthi Group recently launched a special fixed deposit scheme which is an investment product that offers a fixed deposit with a life insurance and a critical illness cover.

AIA’s Wealth Planners pursue academic excellence in Personal Financial Management

AIA Insurance together with the Wayamba University of Sri Lanka congratulates the most recent batch of AIA Wealth Planners and Wealth Planners’ Managers who successfully completed the Diploma and Higher Diploma in Personal Financial Management from the faculty of Business Studies and Finance, Wayamba University of Sri Lanka.

NDB Bank recognised at Daraz Payment Partner Performance Awards

National Development Bank PLC (NDB Bank) Cards was recently recognised by the online shopping marketplace, Daraz for their extensive contribution to the Daraz customer network through its extensive Card member base and for driving its online purchasing.

LCB Finance opens Kegalle branch

The 15th branch of Lanka Credit and Business Finance PLC was declared opened at Main Street, Kegalle recently.

People’s Bank opens Self-Banking Unit in Rattota

People’s Bank opened its 279th Self-Banking Unit (CDM/ ATM) at Rattota Branch premises recently.

HNB FINANCE hosts 12th AGM

Sri Lanka’s leading integrated financial services provider HNB FINANCE PLC successfully hosted its 12th consecutive Annual General Meeting (AGM) through a hybrid setup recently, at the HNB FINANCE auditorium, located in Nawala.

ComBank launches Forex Plus foreign currency FD scheme

Commercial Bank of Ceylon has announced the launch of a special foreign currency fixed deposit (FD) scheme in a further response to the requirement to attract investments from foreign sources.

BOC launches dedicated unit for expatriate Sri Lankans

On the sidelines of the 83rd anniversary of Bank of Ceylon (BOC), the bank launched its international customer service support unit – BOC Foreign Circle.

Convenient settlement of Asiri Hospital bills with Seylan credit cards

Seylan Bank has partnered with Asiri Hospitals Group to make hospital bill payments easier for customers with a special easy payment plan (EPP) facility.

Pan Asia Bank-Union Assurance partnership extends protection, healthcare to customers

Pan Asia Bank recently signed an agreement with Union Assurance PLC to offer its valued customer base a wide range of life, health and investment insurance solutions.

CA Sri Lanka’s 43rd National Conference to kick off on Oct. 12

Amidst an unprecedented economic crisis engulfing the country, which has impacted businesses and citizens alike, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), in its standing as the national body of accountants, will take the lead to influence chartered accountants to push for transformation, to help the country successfully navigate through its ongoing predicament.