Courtesy Fiji Times EXPANSION plans in Fiji by Sri Lankan conglomerate Aitken Spence PLC through its subsidiary company Elpitiya Plantations has finally made progress since initially exploring opportunities in the country last year. Aitken Spence PLC, a prominent Sri Lankan conglomerate specialising in the agricultural sector, was exploring initial plans to introduce cutting-edge agricultural technologies […]

Courtesy fibre2fashion Insights US President Donald Trump has expanded his aggressive trade policy by adding Sri Lanka to a growing list of nations subject to sweeping new tariffs. In a letter, Trump recently announced that beginning August 1, 2025, all goods imported into the United States from Sri Lanka will be subjected to a 30 […]

Courtesy Fibre2Fashion Insights US President Donald Trump has issued a new round of tariff letters to seven more countries, escalating the administration’s sweeping trade overhaul. In letters shared via screenshots on Truth Social, tariffs were announced for Sri Lanka, Philippines, Brunei, Moldova, Algeria, Iraq and Libya, with duties ranging from 20 to 30 per cent […]

LankaPropertyWeb Colombo, Sri Lanka – Sri Lanka’s real estate sector is demonstrating robust signs of recovery and renewed investor confidence in 2025, buoyed by a stabilizing economy and favorable market conditions. The latest “Real Estate Market Outlook Report 2025 (REMOR25)” by LankaPropertyWeb (LPW) highlights a significant resurgence across the property landscape, with key indicators pointing […]

National Development Bank PLC In a powerful step toward environmental sustainability and youth empowerment, NDB Bank is proud to announce its partnership with the Wildlife and Nature Protection Society (WNPS) to support the expansion of the WNPS Youth Wing’s ‘Education for Conservation’ program to ten schools in the Kurunegala District. The official MoU signing for […]

National Development Bank PLC In commemoration of the United Nations’ MSME Day 2025, NDB Bank proudly participated in the MSME Business Development Summit and Business Excellence Awards hosted by the Institute of Certified Management Accountants of Sri Lanka (CMA Sri Lanka). Held at the Bandaranaike Memorial International Conference Hall (BMICH), the event brought together industry […]

Courtesy The Daily Mirror Following its official launch in Sri Lanka yesterday, Starlink, the satellite-based internet service by SpaceX, has released its pricing options for both residential and business users. Residential Plans Total Initial Cost: Business Plans Total Initial Cost (for Priority 40GB): Rs. 929,300 Key Details How to Order With its launch, Starlink is […]

National Development Bank PLC In a shared vision to simplify international education pathways and empower Sri Lankan students with global opportunities, NDB Bank is pleased to announce its strategic partnership with VXL Education, a leading international education consultancy firm with over 15 years of experience in the sector. The official signing of the Memorandum of […]

By Nishel Fernando Courtesy The Daily Mirror Arjuna Herath The head of Sri Lanka’s Board of Investment (BOI) has characterised the highly anticipated US$ 3.7 billion Sinopec oil refinery in Hambantota and Adani Group’s renewable energy project as fragile investments,” acknowledging the significant uncertainty surrounding their realisation. Joining a panel discussion at the recent CA […]

National Development Bank PLC Every successful business begins long before the first sale. It begins with a spark, an idea you can’t stop thinking about. But transforming that idea into something real takes more than passion. It takes planning, structure, and the confidence to take the first step. If you’re a woman with a dream, […]

National Development Bank PLC In line with its commitment to economic empowerment and environmental conservation NDB Bank has collaborated with the Ministry of Industries to introduce the E-Friends II” Refinance Loan Scheme, a purpose-driven financial facility designed to support industrialists in transforming their operations through sustainable and environmentally responsible practices. As the nation moves toward […]

National Development Bank PLC, NDB Leasing is making it easier than ever for Sri Lankans to get behind the wheel of a brand-new Perodua Axia G, with a special leasing offer designed to put affordable vehicle ownership within reach. Through this exclusive partnership with Unimo Enterprises Ltd., the authorised distributor of the Perodua Axia G […]

National Development Bank PLC Continuing its commitment to empowering dreams of vehicle ownership across Sri Lanka, NDB Leasing successfully concluded yet another exciting edition of the NDB Auto Carnival”, this time in Negombo. The event offered customers a unique opportunity to drive away in their dream vehicles with unmatched ease, convenience, and financial flexibility. Held […]

Courtesy Adaderana The proposed $3.7 million oil refinery to be built by China’s Sinopec in Sri Lanka’s Hambantota port is facing significant delays over multiple issues like dispute over equity structure, tax concessions, market access, and allocation of land for the project. The inland port is built in a natural harbour near the town of […]

උපුටා ගැන්ම බීබීසී සිංහල ශ්‍රීලංකන් ගුවන් සේවයට අලුතින් එක්වූ එයාර්බස් A330-200 පුළුල් බඳ (Wide-body) සහිත ගුවන් යානය අද (ජූනි 04) උදෑසන ප්‍රංශයේ පැරිස් නුවර සිට මෙරටට ළඟා විය. ශ්‍රීලංකන් ගුවන් සේවය වසර 7කට පසු ලබා ගත් Wide-body වර්ගයේ පළමු ගුවන් යානය මෙය යි. 4R-ALT ලියාපදිංචි අංකය දරන මෙම ගුවන් යානය කටුනායක ගුවන් තොටුපළට ගොඩබැස්සවීමට පෙර […]

NDB Bank PLC NDB Bank is proud to announce its partnership with the Coconut Cultivation Board (CCB) for the Kapruka Ayojana Credit Scheme, a transformative financial solution designed to boost coconut cultivation and integrated farming systems across Sri Lanka. This strategic initiative reinforces NDB’s unwavering commitment to supporting the nation’s agricultural sector and empowering local […]

NDB Bank PLC NDB Bank has further strengthened its commitment to enabling Sri Lankan students to pursue global academic opportunities through a newly signed Memorandum of Understanding (MOU) with ABEC (Australian Business Education Centre), a leading international education consultancy. The official signing ceremony was held with the participation of senior representatives from both organizations. Representing […]

National Development Bank PLC NDB Bank is proud to announce the launch of the NDB Mastercard debit card, marking a significant milestone in the Bank’s journey towards driving digital payment adoption and promoting financial inclusion, while delivering great value to its customers. This launch, held at the NDB Bank Head Office, also signifies the beginning […]

NDB Bank Reaffirming its commitment to the growth and empowerment of Sri Lanka’s vital SME sector, NDB Bank is proud to announce its role as the Official Banking Partner for the Sri Lanka Institute of Marketing (SLIM) SME Development Awards (SMEDA) 2024. This landmark partnership reflects NDB’s continued dedication to recognizing and supporting the entrepreneurial […]

Courtesy Macau Business British fashion retailer Next has abruptly shut one of its three factories in Sri Lanka, sacking around 1,400 workers and sparking protests on Wednesday. The Next factory at the island’s Katunayake Free Trade Zone, just outside the capital Colombo, announced its immediate closure on Tuesday and promised severance deals to 1,416 workers […]

Press Release -National Development Bank plc NDB Bank, in collaboration with News First, is proud to announce the commencement of applications for the Corporate Sector Competition of Sri Lanka Vanithabhimana 2025, the nation’s most distinguished platform dedicated to honouring and empowering exceptional women. Following the success of the Provincial Sector initiative, the spotlight now turns […]

National Development Bank PLC Released to Colombo Stock Exchange on: 14 May 2025 NDB pre-tax profits surge by 118% to Rs. 4.0 Bn. Marks strong start for the year. National Development Bank PLC (NDB/the Bank) recently released its financial results for the three months ended 31 March 2025 (1Q 2025) to the Colombo Stock Exchange, […]

Malki Opatha Courtesy The Strategist Starlink is great for developing countries, offering connectivity without costly infrastructure. But it’s a challenge for their national security, since authorities can’t monitor the traffic it carries. This policy conflict arose in Sri Lanka in early May, when the government paused rollout of the satellite communications service, blocking one of the few […]

KELUM BANDARA   Courtesy Daily Mirror Colombo, May 16 (Daily Mirror) – Sinopec, the leading Chinese petroleum company that has sought to invest in Sri Lanka, is facing obstacles in pressing ahead with implementation, a leading Chinese scholar who is presently in Sri Lanka told Daily Mirror yesterday. In an interview with Senior Fellow and Director […]

LankaPropertyWeb Colombo, May 2025 — The Sri Lankan land market is gaining renewed strength, with Colombo and the broader Western Province leading the way in price growth, according to the latest Land Price Index (LPI) published by LankaPropertyWeb (LPW). The 2025 index reveals that land prices in Colombo city (Colombo 1-15) have risen by 7% […]

By Ishara Gamage Courtesy Ceylon Today In a move that could reshape Sri Lanka’s maritime industry, India’s State-owned Mazagon Dock Shipbuilders Ltd (MDL) is in advanced negotiations to acquire a controlling stake in financially troubled Colombo Dockyard PLC (CDPLC), multiple sources familiar with the matter confirmed to Finance Today. The deal, which centres on Japan’s Onomichi […]

Lanka Property Web Industry experts at the Lanka Property Show 2025 expressed confidence in Sri Lanka’s real estate sector, highlighting its potential for growth despite past economic challenges. While factors such as rising interest rates, currency depreciation, and fluctuating taxes previously impacted the market, experts were optimistic that stabilizing interest rates, exchange rates, and tax […]

Courtesy The Daily Mirror Colombo, March 24 (Daily Mirror) – Cable car projects that operate more than a kilometre between two mountains without any support are rare in the world. The Sri Lankan people will have the chance to experience this rare opportunity before the end of this year. The first cable car project in […]

Courtesy The Daily Mirror Colombo, March 25 (Daily Mirror) – India’s Adani Group is not ready to compromise on the initially agreed tariff rate and other parameters of the 484 MW wind and transmission project in Mannar, despite its agreement to execute the project if Sri Lanka requests, Daily Mirror learns. Adani Green Energy SL […]

Property Show 2025 Industry experts at the Lanka Property Show 2025 expressed confidence in Sri Lanka’s real estate sector, highlighting its potential for growth despite past economic challenges. While factors such as rising interest rates, currency depreciation, and fluctuating taxes previously impacted the market, experts were optimistic that stabilizing interest rates, exchange rates, and tax […]