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Evolution Auto joins hands with Sterling Aftercare assuring after-sales support

Sri Lanka, March 3 -- Evolution Auto (Pvt) Ltd recently announced a strategic partnership with Sterling Aftercare, offering customers and prospective buyers across Sri Lanka access to premium full-ser... Read More


Sri Lanka's rubber industry at crossroads amid economic and structural stress

Sri Lanka, March 3 -- Sri Lanka's rubber industry entered 2025 under mounting pressure from weakening global demand and policy uncertainty to persistent disease outbreaks, labour shortages and rising ... Read More


Union Bank to raise Rs.3bn via Basel III-compliant debenture issue

Sri Lanka, March 3 -- Union Bank of Colombo PLC announced its proposed debenture issue 2026, a strategic move aimed at raising up to Rs.3 billion. This issue is designed to bolster the bank's Tier I... Read More


Union Bank profits soar while asset quality improves

Sri Lanka, March 3 -- Union Bank of Colombo PLC reported sharply higher profits for the three months ended in December 2025, the bank's financials showed, as the banking sector earnings wrapped up. T... Read More


Seylan Bank sees solid 2025 with quarterly profit up 9.4%

Sri Lanka, March 3 -- Seylan Bank PLC reported higher top and bottom-lines in the quarter ended in December 2025, defying the absence of one-off gains from provision reversals, as the other provisions... Read More


SLT group ends 2025 strong as 4Q profit rises on efficiency gains

Sri Lanka, March 3 -- The SLT group closed 2025 with a markedly stronger December quarter, as tighter cost controls and easing finance costs lifted the operating profit, despite only a marginal revenu... Read More


Apparel exports dip in January as global demand wavers

Sri Lanka, March 3 -- Sri Lanka's apparel exports fell 2.66 percent in January 2026 to US $ 425.44 million, from US $ 437.07 million a year earlier, reflecting the persistent pressure across key marke... Read More


Unit trust investors to benefit from proposed tax disclosure measures: UTASL

Sri Lanka, March 3 -- The proposed amendments to Sri Lanka's Inland Revenue Act aim to improve tax transparency for the unit trust investors and strengthen governance within the sector, the Unit Trust... Read More


Labour shortage clouds construction boom despite strong PMI reading

Sri Lanka, March 3 -- Construction sector recorded an index value of 75.0, its second highest reading since highest of 75.7 recorded in July 2020 As the construction sector gains momentum, the firms ... Read More


External sector opens 2026 on firm footing

Sri Lanka, March 3 -- Sri Lanka's external sector delivered a stronger-than-expected start to 2026, with January's numbers pointing to a more broad-based foreign exchange cushion. The data released b... Read More