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Business Today Sri Lanka Magazine - February 2026

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In this issue

Bimal Rathnayake, the Minister of Transport, Highways, and Urban Development and Leader of the House of Parliament, is spearheading
a transformative agenda for Sri Lanka.

NOLIMIT, Sri Lanka’s leading fashion retail brand, proudly announced the opening of its 28th store in the heart of Jaffna, one of the country’s most culturally significant and fast-evolving cities.

President’s Counsel Harsha Amarasekera is one of Sri Lanka’s most respected practitioners in corporate and commercial law. His legal expertise and service on the boards of major listed companies shape the country’s corporate environment.

As Melstacorp enters a new era under fresh generational leadership under the stewardship of Hasitha Jayawardena, the Group is focusing its strategy amid a stabilizing yet complex economic climate. Group CEO Jude Fernando, an executive with over 35 years of experience in Sri Lanka’s top conglomerates, shared the insights of this transition.

Under CEO Hemantha Gunetilleke’s leadership, NTB used the challenges of the pandemic, the sovereign debt crisis, and ongoing macroeconomic uncertainty to reshape its operating model, strengthen governance, and sharpen its strategic focus.

For the financial year 2024/25, the Group delivered resilient performance across its multi-sector portfolio, with standout contributions from aluminium and consumer businesses, while
continuing to invest in innovation, regional expansion, and sustainability.

Erik Solheim Attends Carbon-Neutral Symposium on Sustainable Tourism at Amba Yaalu

Lanka IOC is balancing near-term economic recovery with long-term
energy transition goals, investing in EV infrastructure, cleaner fuels,
renewables, and digital operations to transform from a traditional
fuel retailer into an innovative, future-ready energy partner.

Dr Dilesha Perera: Crafting a Distinctive Path in Sri Lankan Women’s Fashion

Minister Bimal Rathnayake's Comprehensive Agenda

Bimal Rathnayake, the Minister of Transport, Highways, and Urban Development and Leader of the House of Parliament, is spearheading a transformative agenda for Sri Lanka. His vision spans urban renewal and modernized transport systems. Minister Rathnayake is driving initiatives to rebuild communities, enhance public infrastructure, and restore trust in governance.

10+ mins

NOLIMIT Expands to the North with Grand Opening of 28th Store in Jaffna

NOLIMIT, Sri Lanka's leading fashion retail brand, proudly announced the opening of its 28th store in the heart of Jaffna—one of the country’s most culturally significant and fast-evolving cities. Renowned for its distinct Northern identity, strong traditions, and enduring spirit of enterprise, Jaffna represents a key milestone in NOLIMIT’s journey to becoming a truly national fashion retail brand.

2 mins

Bank of Ceylon contributes 500 million rupees to Government's "Rebuilding Sri Lanka" Fund

Bank of Ceylon (BOC) has contributed 500 million rupees to the Government's \"Rebuilding Sri Lanka\" Fund to support communities affected by Cyclone Ditwah, reaffirming its commitment to national recovery efforts.

1 mins

Law, Leadership, and the Art of Decision Making

President's Counsel Harsha Amarasekera is widely regarded as one of Sri Lanka’s most respected practitioners in corporate and commercial law. His legal expertise combined with extensive board- level experience across several leading listed companies has had a significant influence on the country’s corporate and governance landscape and now has a reputation of being one of Sri Lanka’s most impactful corporate leaders.

10+ mins

Dialog commits 420 million rupees to Rebuilding Sri Lanka

Dialog Axiata has committed 420 million to support the Government's Rebuilding Sri Lanka initiative, aimed at accelerating recovery following Cyclone Ditwah.

2 mins

A Strong Year, a Stronger Vision: Melstacorp Sets its Sights Ahead

As Melstacorp enters a new era under fresh generational leadership under the stewardship of Hasitha Jayawardena, the Group is focusing its strategy amid a stabilizing yet complex economic climate. Group CEO Jude Fernando, an executive with over 35 years of experience in Sri Lanka's top conglomerates, shared the insights of this transition.

10+ mins

People's Bank reinforces leadership with a landmark year of awards in 2025

People’s Bank strengthened its position as one of Sri Lanka’s most trusted financial institutions by securing an outstanding range of national and international accolades in 2025, reflecting its strong performance, digital transformation, governance standards and commitment to financial inclusion, sustainability and national development. With a legacy of over 64 years, the bank serves 15.2 million customers, supported by assets exceeding 3.6 trillion rupees, a network of 747 branches and service outlets, and a rapidly expanding digital banking ecosystem.

1 mins

CIM appoints new committee to elevate marketing capability in Sri Lanka

The Chartered Institute of Marketing (CIM) has announced the appointment of the CIM Sri Lanka Professional Member Support Committee (SLPMSC), a newly established body designed to strengthen marketing capability and enhance the professional journey of CIM members across Sri Lanka.

2 mins

Scaling with Stability: NTB's Next Growth Chapter

Nations Trust Bank (NTB) stands out among Sri Lanka's private sector banks for its resilience and consistent performance, achieving strong profit growth for several successive years, alongside strong capital, liquidity, and asset quality. Under CEO Hemantha Gunetilleke’s leadership, NTB used the challenges of the pandemic, the sovereign debt crisis, and ongoing macroeconomic uncertainty to reshape its operating model, strengthen governance, and sharpen its strategic focus. NTB now enters its next growth phase with confidence. This is built on disciplined risk management, strong customer relationships, and a commitment to digital innovation, ESG-led lending, and inclusive growth. Acquiring HSBC Sri Lanka's retail banking business marks a major milestone. This deal strengthens NTB’s premium banking and cards presence and expands its national footprint. CEO Gunetilleke told Business Today how NTB balances scale with service, uses technology and data for growth, and remains committed to responsible banking.

10+ mins

People's Leasing & Finance partners with Toyota Lanka

People's Leasing & Finance has entered into a strategic partnership with Toyota Lanka (TLPL), the sole authorized distributor for Toyota and Hino vehicles in Sri Lanka, by signing a Memorandum of Understanding (MOU) to introduce a comprehensive vehicle financing scheme.

1 mins

How Diversification is Powering Vallibel One's Resilience

In a year marked by uneven demand, cost pressures, and shifting consumer behavior, Vallibel One demonstrated the strength of disciplined diversification and execution-led growth. For the financial year 2024/25, the Group delivered resilient performance across its multi-sector portfolio, with standout contributions from aluminium and consumer businesses, while continuing to invest in innovation, regional expansion, and sustainability.Speaking with Business Today, Managing Director Dinusha Bhaskaran discusses how Vallibel One leveraged operational excellence, system-led innovation, and strong governance to navigate a complex operating environment. She shares insights into the Group's performance drivers, evolving consumer trends, regional growth strategy across South Asia and East Africa, ESG priorities, and how a performance culture anchored in discipline and accountability continues to guide Vallibel One's transformation into a future-ready conglomerate.

10+ mins

Erik Solheim Attends Carbon-Neutral Symposium on Sustainable Tourism at Amba Yaalu

A Symposium on Sustainable Tourism was successfully held at Amba Yaalu – Kandalama, Sri Lanka’s first 100 percent women-led hotel, operated by Thema Collection. The symposium brought together industry leaders, policymakers, and sustainability practitioners to discuss innovative and practical pathways to embed sustainability across the tourism value chain.

2 mins

Powering the Future: How Lanka IOC is Preparing for a New Energy Era

At a time when Sri Lanka's energy sector is navigating price controls, economic recovery, and a global transition toward cleaner fuels, Lanka IOC has continued to deliver steady growth through strategic diversification and disciplined execution.

10+ mins

People's Leasing and Finance celebrates excellence at the Premier Awards 2024/25

People’s Leasing and Finance hosted its annual Premier Awards Ceremony to recognize outstanding branches and individuals for exceptional performance in the 2024/25 financial year.

1 mins

Dr Dilesha Perera: Crafting a Distinctive Path in Sri Lankan Women's Fashion

Dr Dilesha Perera is the co-founder and chairperson of La Vivente, a women's wear brand launched by her and her husband, Suneth Korala, in 2020. La Vivente differentiates itself by blending contemporary fashion with Sri Lankan cultural elements and by empowering skilled women through its production network.

10+ mins

Vallibel Finance posts 50 percent surge in PBT as strong growth momentum continues

Vallibel Finance sustained its strong growth momentum in the first half of FY 25/26, delivering exceptional financial results and further strengthening its position among Sri Lanka's top five financial institutions.

2 mins

HNB commits 100 million rupees to support Cyclone Ditwah recovery

HNB has committed 100 million rupees to the Rebuild Sri Lanka Fund, reaffirming its support for national recovery efforts following the severe impact of Cyclone Ditwah.

1 mins

Read all Stories from Business Today Sri Lanka

Business Today Sri Lanka Magazine Description:

Publisher: BT-Options

Category: Business

Language: English

Frequency: Monthly

The magazine of the corporate world, Business Today features an interesting line-up of interviews with eminent personalities who impact the corporate, commercial and economic sectors. The monthly magazine also includes exclusive articles syndicated from the Harvard Business Review and Financial Times. It has also featured the monthly columns by Richard Branson and Howard Schultz. International interviews featured include Sir Richard Branson, Paul Allen, Howard Schultz, Omar Bin Laden and Sir Jonathan Ive. Articles penned by President Barack Obama and Vice President Joe Biden Jr. have also been featured in the magazine.