Financial Performance Overview In the first quarter of 2026, Pan Asia Banking Corporation PLC reported a notable financial performance, reflecting its resilience in a challenging […]
Category: Latest News
Real-time updates and breaking news covering key developments across business, economy, politics, and public affairs.
The Future of Sri Lanka’s Exports Depends on Opportunities Beyond the Palk Strait by Bradley Emerson
As India is on the verge of becoming the third-largest economy globally, Sri Lanka should view its closest neighbor not as a competitor in trade […]
US Dollar Exchange Rate Exceeds Rs. 331
As reported on the 15th of the month, the Central Bank of Sri Lanka has released its latest daily exchange rates, revealing that the purchasing […]
LG Electronics Unveils Future-Focused Innovations and Strategic Growth Plans for Asia at 2026 APAC Innofest
LG Electronics has unveiled its strategic vision for the Asia-Pacific market during the LG InnoFest 2026 APAC event in Busan, Korea, showcasing how technological advancements […]
Sri Lanka and Belarus Forge Partnership to Enhance Healthcare Collaboration
Sri Lanka has established a memorandum of understanding (MoU) with Belarus to enhance cooperation in the healthcare sector, according to Foreign Minister Vijitha Herath. “I […]
Sri Lanka’s Stock Market Sees Gains, Driven by Capital Goods Sector’s Performance
FINANCIAL CHRONICLE – The Colombo Stock Exchange in Sri Lanka showed a positive trend during midday trading on Friday, as reported by CSE data. The […]
Dialog Reports Robust Financial Results for Q1 2026
Dialog Axiata PLC revealed its consolidated financial results for the first quarter ending on March 31, 2026, on May 15, 2026. These results encompass both […]
IMF Emphasizes Importance of Energy Cost Recovery for Sri Lanka’s Review Endorsement
The International Monetary Fund (IMF) has reiterated that reinstating cost recovery for energy tariffs is an essential prerequisite for finalizing Sri Lanka’s Fifth and Sixth […]
SLT-MOBITEL Reports Impressive Revenue and Profit Surge in First Quarter of 2026
The SLT Group has reported a remarkable performance for the first quarter of 2026, showcasing a 10.6% increase in overall revenue, primarily propelled by the […]
Sri Lankan Rupee Stands Steady at 325.25/326.25 Against the Dollar; Bond Yields Remain Unchanged
FINANCIAL CHRONICLE – As of Friday, the Sri Lankan rupee was valued at 325.25/326.25 against the US dollar, according to market dealers. Bond yields maintained […]
Prime Lands Residencies PLC Delivers on Commitment with Official Handover of ‘43 by the Sea’
Prime Lands Residencies PLC, a frontrunner in Sri Lanka’s upscale real estate sector, has recently celebrated the official handover of its latest project, 43 by […]
DIMO Energy Expands Solar Offerings by Integrating Battery Storage Solutions
DIMO Energy, part of the DIMO group specializing in power and energy solutions, has broadened its Solar Solutions range to encompass residential offerings in addition […]
ANALYSIS – Impacts of the Significant Decline in the Value of the Sri Lankan Rupee
FINANCIAL CHRONICLE – The recent sharp fall of the Sri Lankan Rupee (LKR) in the past month has raised concerns reminiscent of the nation’s financial […]
NDB Fraud Latest: Court Asks CID to Probe Senior Officials
Magistrate Questions Audit Failures, CBSL Warnings and Possible Suppression. The rapidly expanding NDB Bank fraud investigation now appears to be moving beyond the alleged operational […]
Sri Lanka Secures Additional Rs13 Billion in Treasury Bonds Following Successful Auction
Sri Lanka has successfully issued bonds worth 13 billion rupees through a tap auction this week, according to the latest data from the Public Debt […]
ComBank Group Achieves Remarkable Milestone with Assets Surpassing Rs. 3.5 Trillion in Q1 2026
The Commercial Bank of Ceylon PLC, along with its subsidiaries, has achieved a significant milestone by surpassing Rs. 3.5 trillion in assets, making it the […]
WSO2’s Sanjiva Weerawarana Announces Departure from CEO Role
FINANCIAL CHRONICLE – Sanjiva Weerawarana has announced his intention to resign as the CEO of the Sri Lanka-based technology firm WSO2, with his departure set […]
ComBank Group Achieves Remarkable Milestone with Assets Surpassing Rs. 3.5 Trillion in Q1 2026
The Commercial Bank of Ceylon PLC, along with its subsidiaries, has achieved a significant milestone by becoming the first private banking group in Sri Lanka […]