The search for musical theatre talent in Sri Lanka for an upcoming international production has successfully culminated, resulting in the selection of a talented group […]
News Flash
The NDB Fraud: Hard Questions
THE NDB FRAUD: THE NUMBER WAS ALREADY THERE The most troubling dimension of the unfolding NDB fraud story is no longer…
NDB of Sri Lanka Reports Rs13.2 Billion Loss Due to Internal Fraud, Trading Suspended
Sri Lanka's National Development Bank PLC has reported a significant internal fraud perpetrated by its…
Sri Lanka’s Shops Experience Milk Shortage as Price Hike Concerns Loom
FINANCIAL CHRONICLE – A significant number of grocery stores in Sri Lanka have ceased offering…
Sri Lanka Economy 2026
What’s in store in the coming year of 2026?
Sri Lanka’s current macroeconomic fundamentals suggest that the economy has emerged from acute crisis conditions and is moving toward gradual stabilisation. Read more
President Leads Discussion with Banking and Financial Leaders
This morning, a meeting was convened at the Presidential Secretariat between President Anura Kumara Dissanayake and leaders from various banks and financial institutions, coinciding with […]
Deep Dive: Unpacking Sri Lanka NDB’s Rs.13.2 Billion Internal Fraud Scandal
FINANCIAL CHRONICLE – The recent internal fraud incident at National Development Bank PLC (NDB), a publicly traded financial institution in Sri Lanka, emerged in early […]
99x Secures Five Honors at the 2026 Best Management Practices Awards, Highlighting AI-Driven Innovation
99x, a prominent global product engineering firm, has achieved significant recognition by winning five prestigious awards at the CPM Best Management Practices Awards 2026, including […]
Fitch Assigns ‘A(lka)’ Rating to WindForce’s Upcoming Debenture Issuance
Fitch Ratings has assigned a National Long-Term Rating of ‘A(lka)’ to WindForce PLC’s proposed senior unsecured redeemable debentures, which could total up to LKR 4 […]
Inauguration of the National QR Payment Integration Initiative
As of today, merchants will no longer incur any service fees for LankaQR transactions amounting to Rs. 5,000 or less. This initiative aims to facilitate […]
Sri Lanka’s Stock Market Rises Amidst Banking Sector Selling Pressure
FINANCIAL CHRONICLE – On Monday, the Colombo Stock Exchange’s All Shares Price Index (ASPI) recorded a slight increase after a midday downturn, according to data […]
Sri Lankan Legislature Set to Discuss No-Confidence Vote Targeting Energy Minister
Sri Lanka’s parliament is set to convene on April 7, 9, and 10 to discuss a range of legislative matters, including the Easter attack and […]
Senior representatives and members of the Malaysian Indian Chambers of Commerce and Industry Penang embarked on a visit to the Sri Lankan Board of Investment.
The Board of Investment (BOI) hosted an event aimed at informing prominent Malaysian businesses about potential foreign direct investment (FDI) opportunities available in Sri Lanka. […]
Sri Lanka’s Meteorological Department Alerts Public to Intense Thunderstorms and Lightning Threats
Sri Lanka’s Meteorology Department has issued a warning regarding the likelihood of thundershowers accompanied by intense lightning in several regions, including the Western, Sabaragamuwa, Central, […]
Sri Lanka’s Singer and Kapruka Holdings Forge Strategic Alliance via Partner Central Platform
Singer Sri Lanka PLC (SINS) has announced a strategic partnership with Kapruka Holdings PLC (KPHL) aimed at expanding the availability of its wide range of […]
Sri Lanka’s Shops Experience Milk Shortage as Price Hike Concerns Loom
FINANCIAL CHRONICLE – A significant number of grocery stores in Sri Lanka have ceased offering one-liter cartons of fresh milk due to concerns about potential […]
NDB Informs CBSL About Internal Fraud; Central Bank Confirms Robust Capital and Liquidity Position
The National Development Bank PLC (NDB) has notified the Central Bank of Sri Lanka (CBSL) about an internal fraud investigation that may result in considerable […]
HIP Increases Operational Capacity Amid Rising Shipping Demands from Middle East Turmoil
Hambantota International Port (HIP) has notably enhanced its operational capabilities in light of a significant increase in global shipping activity, driven by the ongoing turmoil […]
NDB Fraud at LKR 13.2 Billion – Direct Hit on Capital, Profits and Trust
From Rs 380 million to Rs 13.2 billion – this is no longer an incident. It is a structural breach. Be that as it may, […]
Sri Lanka’s Stock Market Declines at Midday as NDB Trading Suspended
FINANCIAL CHRONICLE – The Colombo Stock Exchange in Sri Lanka experienced a decline during midday trading on Monday, following a positive start to the day, […]
Huawei’s 2026 IP Summit Showcases AI-Enhanced Enterprise Datacom Networks as Sri Lanka Advances in 5G and Pre-Wi-Fi 8 Technologies
Huawei recently organized its Intelligent IP Summit 2026 in Sri Lanka, gathering prominent figures from various industries and technology specialists to discuss the evolving landscape […]
Malaysia Airlines Expands Colombo Services as Part of Broader Growth Across Asia
Malaysia Airlines is set to enhance its presence in East Asia by reintroducing direct flights to Fukuoka, Japan, and launching new routes to Shenzhen and […]