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Call Mounts for Forensic Audit of All Banks Under Central Bank of Sri Lanka Following Bank Fraud
Growing public concern over the reported Rs. 13.2 billion fraud linked to NDB Bank has intensified calls for the Central Bank of Sri Lanka to initiate independent forensic audits covering all banks and finance companies operating under regulatory supervision. The controversy surrounding the alleged fraud at NDB Bank has triggered broader concerns regarding the effectiveness of internal controls, audit…
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Inaction: Sri Lanka’s Most Consistent Policy When Scandal Meets Silence, Governance Becomes Theatre
The Governor, The Board of Directors of NDB Bank and The Auditors are still in place There is a pattern in Sri Lanka’s governance that is as predictable as it is corrosive: the instinct not to act. Not to decide. Not to confront. But to wait, deflect, and dilute. It is not incompetence in isolation.…
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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 confined to the fraud itself, but to the sequence – and escalation – of numbers that now appear to have been sitting in plain sight. Because when the bank prepared its Annual Report in December 2025, there existed within its…
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Vauxhall DSTRCT by John Keells Properties achieves remarkable success, selling 200 apartments within a fortnight.
The real estate sector in Colombo achieved a significant milestone as John Keells Properties (JKP) reported that its new residential project, Vauxhall DSTRCT, sold over 200 apartments within just two weeks of its launch. This achievement sets a new standard for demand in the city’s residential market. Situated in a prime area along Vauxhall Street,…
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Sri Lanka Welcomes 10,113 Fresh Active Credit Cards in January 2026
FINANCIAL CHRONICLE – According to data from the central bank, the number of active credit cards in Sri Lanka rose by 10,113 in January 2026, reflecting an uptick in their usage as the nation’s economy shows signs of recovery aided by declining interest rates. By the close of January, the total count of active credit…
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Launch of Sri Lanka Brand Forum Aims to Ignite National Inspiration and Transform Business for Progress
In a significant move aimed at reshaping the contribution of businesses to national development, the Sri Lanka Brand Forum (SLBF) has been launched as an innovative platform focused on fostering a new breed of purpose-driven, resilient, and globally competitive enterprises. The announcement took place during a press conference attended by prominent business leaders, industry specialists,…
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DFCC Bank Advocates for Women’s Empowerment with the “Ride for Life: Ride for Her” Initiative
On a March morning in Colombo, Kandy, and Galle, groups of cyclists took to the streets, not for competition or entertainment, but to make a powerful statement. This event, known as DFCC Bank’s “Ride for Life,” was themed “Ride for Her” and aimed to convey a message beyond mere cycling. Over the years, “Ride for…
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Sterling Steels Recognized with Merit Award at the 2026 SLIA Annual Product Awards
Sterling Steels (Pvt) Ltd, a leading manufacturer recognized globally for its premium steel roofing and cladding, has proudly received a distinguished Merit Award at the Sri Lanka Institute of Architects (SLIA) Annual Product Awards 2026. This accolade, awarded in the competitive category of Zinc-Aluminium Coated Profile Steel Sheets, highlights the company’s commitment to excellence, innovation,…
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Sysco LABS Toastmaster Achieves Top Honors at Division Competition
Recently, the Sysco LABS Toastmasters Club achieved a noteworthy accomplishment during the Divisional Toastmasters Contest. Afreen Rumie, who serves as a Senior Project Lead at Sysco LABS and also holds the position of club president, earned the 2nd Place award in the Table Topics Speech Contest. She competed against top speakers from four different areas…
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Sri Lanka Customs Projects Revenue for March to Surpass Target by More Than 25%
FINANCIAL CHRONICLE – Sri Lanka Customs has reported remarkable performance in March, surpassing its revenue target by 25.2%. The revenue collection for the first quarter of the year also exceeded expectations, achieving a 33.7% increase compared to the set goal, according to official statistics. The revenue target for March was established at 180.4 billion rupees,…
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ComBank Leads the Way in Digital Banking Innovation, Securing Prestigious Accolades at the LankaPay Technnovation Awards 2026
The Commercial Bank of Ceylon has solidified its position as a leader in digital payments and financial technology by winning six prestigious awards at the LankaPay Technnovation Awards 2026, including four Gold awards, one Silver, and one Merit award. A notable highlight from this year’s event was the bank’s receipt of the overall Gold Award…
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Vallibel Finance Plans to Secure Rs. 2.12 Billion to Strengthen Capital Foundations and Propel Growth Initiatives
Vallibel Finance PLC has revealed its intention to secure roughly Rs. 2.12 billion through a Rights Issue of new ordinary voting shares. This initiative is part of a strategic effort to enhance its Tier I capital and facilitate the next stage of the company’s growth and expansion. This initiative received the green light from the…
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Cap Snap Lanka Achieves Six Global Certifications, Highlighting ISO-FSSC Accreditation
Cap Snap Lanka Pvt. Ltd., part of the CSL Group, has recently achieved a significant milestone by obtaining six internationally recognized certifications, including the Food Safety System Certification (FSSC 22000). This accomplishment was celebrated at a ceremony in Colombo, where it was highlighted that all certifications were attained within a remarkable timeframe of just six…