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Local News

Financial Storm Brewing? Premadasa Challenges Official Reserve Figures and Future Debt Readiness.

17 hours ago

Opposition Leader Sajith Premadasa has raised concerns over the transparency of Sri Lanka's economic data, suggesting that usable foreign reserves are lower than reported and calling for immediate negotiations on a successor IMF program to handle upcoming debt obligations.

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Financial Storm Brewing? Premadasa Challenges Official Reserve Figures and Future Debt Readiness
Image Credit : newswire.lk
Business

Hemas Holdings Achieves Record Financial Performance for FY2026.

Hemas Holdings reported historic earnings for FY2026, with group earnings reaching Rs. 8.92 billion, driven by robust performance across its consumer brands and healthcare sectors.

May 25, 2026 at 7:44 AM
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Local News
Severe Financial Irregularities Uncovered at Sri Lanka Cricket, Audit Underway

Severe Financial Irregularities Uncovered at Sri Lanka Cricket, Audit Underway.

May 24, 2026 at 10:55 AM
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Finance
Dialog Group Bhd Demonstrates Financial Resilience in Q1 2026
Image Source : en.wikipedia.org

Dialog Group Bhd Demonstrates Financial Resilience in Q1 2026.

May 18, 2026 at 8:50 PM
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Local News•
May 18, 2026 at 4:45 AM

Governance in Crisis: Analyzing the NDB Financial Scandal and Regulatory Silence.

The alleged Rs. 13.2 billion financial discrepancy at the National Development Bank (NDB) has triggered a national debate on institutional accountability, audit failures, and the effectiveness of oversight bodies in Sri Lanka.

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Local News

Nations Trust Bank Records Strong Financial Growth in First Quarter of 2026.

May 15, 2026 at 11:54 PM

Nations Trust Bank reported a 12% year-on-year increase in Profit After Tax (PAT) to LKR 4.6 billion for the first quarter of 2026, driven by stable margins and effective risk management.

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Local News
Urgent Need for Financial Oversight: Addressing Recent Lapses in State Fiscal Management
Image Source : ftadviser.com

Urgent Need for Financial Oversight: Addressing Recent Lapses in State Fiscal Management.

May 9, 2026 at 7:19 PM
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Finance

Modern Financial Markets Exhibit Higher Discipline Compared to the 1990s Era.

PIMCO's Lotfi Karoui argues that today's financial markets are significantly more disciplined and resilient than they were during the 1990s, offering a comparative perspective on current cross-asset credit dynamics.

May 8, 2026 at 7:24 PM
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Finance
Parliamentary Watchdog Grills Central Bank Over NDB Bank Internal Control Failures
Image Source : ft.lk

Parliamentary Watchdog Grills Central Bank Over NDB Bank Internal Control Failures.

May 8, 2026 at 10:39 AM
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Navigating AI Investments: Strategic Financial Leadership in a Transforming Era
Image Source : businessinsider.com
Technology•
May 4, 2026 at 10:07 AM

Navigating AI Investments: Strategic Financial Leadership in a Transforming Era.

Veteran CFO Amy Butte provides actionable advice for finance leaders struggling to balance the hype of artificial intelligence with concrete business outcomes, emphasizing alignment and risk-taking.

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Finance

NDB Bank Reports Q1 2026 Results Amidst Significant Fraud Adjustments.

May 3, 2026 at 1:54 AM

National Development Bank (NDB) has announced its Q1 2026 results, acknowledging a total internal fraud impact of LKR 13.20 billion. The bank has restated prior years' financial statements to reflect the losses, while reporting a 15.3% growth in gross income.

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NDB Bank Reports Q1 2026 Results Amidst Significant Fraud Adjustments
Image Credit : independent.lk
Business
Berkshire Hathaway Hits Record $380 Billion Cash Reserve Under New Leadership
Image Source : barrons.com

Berkshire Hathaway Hits Record $380 Billion Cash Reserve Under New Leadership.

May 2, 2026 at 12:30 PM
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Business
Navigating Uncertainty: The Evolving Role of Finance Leaders in the Digital Era
Image Source : sri-lanka.mom-gmr.org

Navigating Uncertainty: The Evolving Role of Finance Leaders in the Digital Era.

April 30, 2026 at 2:39 AM
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Technology
Alphabet Delivers Record-Breaking Q1 2026 Financial Results Fueled by AI and Cloud Expansion
Image Source : cnbc.com

Alphabet Delivers Record-Breaking Q1 2026 Financial Results Fueled by AI and Cloud Expansion.

April 29, 2026 at 8:31 PM
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Meta’s Q1 Earnings: Wall Street Pivots Focus to AI Monetization and Capital Spending
Image Source : investors.com
Technology•
April 29, 2026 at 2:20 PM

Meta’s Q1 Earnings: Wall Street Pivots Focus to AI Monetization and Capital Spending.

Meta Platforms prepares for its Q1 earnings report, with analysts closely watching for AI-driven revenue growth, capital expenditure on Muse Spark, and the impact of recent restructuring efforts.

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Business

LB Finance Secures $15 Million Funding Boost from Swiss Impact Investor.

April 28, 2026 at 11:31 PM

Sri Lanka’s LB Finance has finalized a $15 million senior debt facility with Switzerland-based Enabling Qapital to boost MSME lending and promote financial inclusion across the nation.

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Finance
Millennium Management Solidifies Dominance Through Strategic Jain Global Acquisition
Image Source : alternativefundinsight.com

Millennium Management Solidifies Dominance Through Strategic Jain Global Acquisition.

April 28, 2026 at 4:37 PM
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Technology
Bloomberg Terminal Launches Generative AI Tool 'ASKB' to Revolutionize Financial Data Analysis
Image Source : mediawatcher.ai

Bloomberg Terminal Launches Generative AI Tool 'ASKB' to Revolutionize Financial Data Analysis.

April 28, 2026 at 8:36 AM
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Local News
People's Bank Achieves Historic Profitability Milestone in 2025
Image Source : bizenglish.adaderana.lk

People's Bank Achieves Historic Profitability Milestone in 2025.

April 27, 2026 at 7:37 PM
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Local News•
April 27, 2026 at 3:40 AM

Parliamentary Probe Initiated Into Mysterious $2.5 Million Financial Fraud.

The Committee on Public Finance (COPF) is set to investigate a controversial $2.5 million cyber fraud incident involving the Ministry of Finance, as its chairman expresses deep skepticism over alleged hacking claims.

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