National Development Bank PLC National Development Bank PLC hosted its Analyst Earnings Call recently to discuss the Bank’s financial results for the six months ended 30 June 2025. This was subsequent to the release of the Bank’s financial results to the Colombo Stock Exchange on the 14th of August 2025, where the Bank recorded an […]

National Development Bank PLC NDB Bank proudly celebrated the 13th Executive Committee Installation Ceremony of the NDB Toastmasters Club on 6 August 2025 at the Hilton Colombo Residencies, an evening marked by leadership, fellowship, and inspiration, reflecting the Bank’s commitment to nurturing talent, empowering communication, and fostering personal and professional growth among its employees. The […]

Courtesy Lloydslist The Sri Lankan supreme court ordered the owners of X-Press Pearl to pay a fine of $1bn after the containership was lost in 2021 and polluted water off the island nation X-Press Feeders has accused the court of convicting the vessel’s master and its agents before their trials have concluded, while the London […]

Courtesy CNA COLOMBO: Owners of a Singapore-registered vessel urged Colombo on Friday (Aug 15) to consider more “rational” compensation after they were ordered to pay US$1 billion in damages for causing Sri Lanka’s worst case of environmental pollution. Sri Lanka’s Supreme Court ordered X-Press Feeders in July to pay the damages within a year for causing marine […]

National Development Bank PLC  Highlights FINANCIAL PERFORMANCE National Development Bank PLC, Sri Lanka’s Premier Financial Services Provider, announced the results for six-month period ended June 30, 2025 reporting a total operating income and pre-tax profit of LKR 22.3 billion and LKR 8.6 billion, respectively (H1-2024: LKR 22.9 billion and LKR 6.5 billion). Fund based income […]

National Development Bank PLC In its continued efforts to deliver excellence and sophistication in customer experience, NDB Bank recently hosted an exclusive engagement event for its Privilege clientele of Havelock Town Branch, coinciding with the opening of the newly refurbished NDB Privilege Centre at the Havelock Town Branch. The event marked yet another milestone in […]

National Development Bank PLC NDB Bank, in collaboration with News 1st, continues its proud tradition of honouring the achievements of Sri Lankan women through the Sri Lanka Vanithabhimana programme, a platform that recognises and celebrates outstanding contributions made by women to the nation’s society, economy, and culture. As Season 5 of this landmark initiative nears […]

National Development Bank PLC Reaffirming its commitment to empowering Sri Lankans on their academic journeys beyond borders, NDB Bank is pleased to announce its latest partnership with Student in Aus Education Consultants. The strategic collaboration, marked by the signing of a Memorandum of Understanding (MoU) on 25th July 2025, aims to further simplify access to […]

National Development Bank PLC NDB Bank is proud to announce its latest partnership with International Scholar, one of Sri Lanka’s most reputed education consultancy firms, with the aim of making overseas education more financially accessible and stress-free for Sri Lankan students and their families. The Memorandum of Understanding (MOU) was officially signed on July 20, […]

National Development Bank PLC In its continued efforts to empower Sri Lankan students with seamless access to international education opportunities, NDB Bank has entered into strategic partnership with Eduko Pathways. The official signing of the Memorandum of Understanding (MOU) took place on July 20, 2025, at NDB Bank Head Office, setting the stage for a […]

By Gambling Insider Melco and JKH launch South Asia’s first integrated resort, highlighting Sri Lanka’s regulatory reforms and regional potential. Key points: – $1.2bn investment by John Keells Holdings and Melco Resorts – Sri Lanka aims to become a regional gaming and tourism hub – New gaming legislation enabled formal licensing and international entry Sri […]

Courtesy Adaderana The Ceylon Chamber of Commerce (CCC) has commended the Government of Sri Lanka and the national negotiation team for securing a further reduction in the reciprocal tariff rate imposed by the United States on Sri Lankan exports—from 30% to 20%. In a statement issued by the Chamber, Chairperson Krishan Balendra described the development […]

National Development Bank PLC NDB Bank has strengthened its presence in Dubai with the appointment of Mr. Akila Bogahawatta as its dedicated remittance representative, underscoring the Bank’s commitment to Sri Lankan expatriates in the UAE. Mr. Bogahawatta will serve as a one‑stop liaison for all NDB remittance services, helping customers select the fastest and most […]

National Development Bank PLC National Development Bank PLC (NDB) was recently named Sri Lanka’s Best Digital Bank for SMEs at the Euromoney Awards for Excellence 2025, reaffirming its leadership in delivering progressive, technology-driven, and focused solutions that align with the nation’s strategic development priorities. This recognition reflects the bank’s strong commitment to empowering Sri Lanka’s […]

National Development Bank PLC NDB Bank recently continued its island-wide SME engagement efforts by hosting a focused digital transformation forum in Avissawella. Held with the participation of a diverse group of SME Business Banking clients from the region, the event served as a platform to highlight NDB’s continued commitment to strengthening and uplifting Sri Lanka’s […]

National Development Bank PLC NDB Bank, in collaboration with the National Credit Guarantee Institution Limited (NCGI) and Hatch Works, recently hosted a focused awareness session at Hatch Innovation Hub in Colombo to introduce Sri Lankan startups to the benefits of the NCGI-backed loan guarantee facility. This initiative marked a significant step in expanding access to […]

Courtesy The South China Morning Post After a five-year import ban, BYD shrewdly adapted its models to circumvent sky-high taxes, making electric vehicles affordable again Dimuthu Attanayake Published: 5:00pm, 26 Jul 2025 Updated: 5:00pm, 26 Jul 2025 A BYD Seal electric vehicle on display in a showroom in Pakistan. BYD accounted for roughly 90 per cent of […]

National Development Bank PLC NDB Bank proudly reaffirmed its leadership in Sri Lanka’s Islamic banking sector by securing eight distinguished accolades at the Sri Lanka Islamic Banking and Finance Industry (SLIBFI) Awards 2025, held recently. These wins mark yet another milestone in NDB’s ongoing journey of excellence, innovation, and dedication to inclusive financial services. The […]

By David Dalton Courtesy NUCNET Deploying reactor above 600 MW likely to be ‘technically challenging’ Sri Lanka is making progress in establishing nuclear infrastructure and has already identified potential new-build sites as it embarks on the development of its nuclear power programme, according to an International Atomic Energy Agency (IAEA) review mission. The follow-up Integrated […]

by Arundathie Abeysinghe Courtesy PIME Asia News Without renewed agreements with the government, domestic production could drop from the current 25 per cent (the lowest in South Asia), the Sri Lanka Pharma Manufacturers Association warns. Despite investments and growing capacity since 2015, the sector remains fragile, hampered by red tape. Repurchasing is essential for the […]

Courtesy Adaderana In a decisive move to strengthen macroprudential policy and mitigate systemic financial risks, the Central Bank of Sri Lanka (CBSL), acting as the Macroprudential Authority, has issued new Directions to licensed financial institutions to impose maximum caps on loan-to-value (LTV) ratios for vehicle-related credit facilities. The directive, which takes effect from 18 July […]

National Development Bank PLC National Development Bank PLC (NDB) is proud to announce its latest accolades at the Asian Banking & Finance Retail Banking Awards 2025 held in Singapore, having secured two coveted awardsDomestic Retail Bank of the Year – Sri Lanka and, for the very first time, Islamic Banking Initiative of the Year – […]

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 […]