Daily Mirror - Sri Lanka - May 15, 2025

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In this issue

May 15, 2025

"GO BACK TO COLOMBO", MAYOR OF BRAMPTON CHANTS RACIST SLURS ON ANTI GENOCIDE SUPPORTERS

With the completion of the memorial, the National Council of Canadian Tamils will take over ownership, with the city's 12,000 Tamil residents being responsible for its care and maintenance.

1 min

Forming LG bodies AKD warns of using two-thirds majority to amend laws if mandate is challenged or disrupted

President Anura Kumara Dissanayake yesterday said the government will amend laws if someone challenges and tries to disrupt the mandate, while claiming that National People's Power (NPP) has the right to form councils in local bodies where the NPP has secured a majority as per the mandate.

1 min

MASSIVE DEMAND

FOR NEW VEHICLES CONTINUES DESPITE SOARING PRICES

1 min

RW, NAMAL AND OTHERS AGREE

TO FORM JOINT LOCAL ADMINISTRATIONS

1 min

"Go back to Colombo",

Mayor of Brampton chants racist slurs on anti Genocide supporters

1 min

Four Noble Truths and Eight-fold Path to Nirvana

Buddhism is considered a ‘Religion’ in a traditional form and understanding. 26 centuries ago, when people became devotees of The Buddha, it continued as a religion from generation to generation.

4 mins

GOVT. REVIEWING COSTS BEFORE RENOVATING 'DILAPIDATED PARLIAMENT BUILDING'

Accordingly, renovation work is planned to commence this May and will continue during a five-year period. The Urban Development Authority has informed the Parliament's Technical Committee that, due to the need to keep Parliament operational, renovation activities will be conducted in stages without closing the building entirely.

4 mins

Vector-borne illnesses, an indication of climate change?

Health authorities have expedited actions to contain the soaring dengue and chikungunya cases.

3 mins

Trump's Tariffs and the AI Factor

Donald Trump's economic policies shave met with stupefaction and withering scorn on the part of journalists and economists worldwide.

3 mins

PINDAPATHA PROMOTING INTER-FAITH HARMONY

In what would be known as a rare occasion, clergy from all four religions of the country got together on Tuesday (13) at the Vivekaramaya Temple in Mirihana to serve alms to 80 monks, including 60 young monks from Myanmar, engaged in an alms procession (Pindapatha Charika).

2 mins

A DEFINING MOMENT FOR SL TO IMPROVE BUSINESS CLIMATE

After U.S. President Donald Trump announced reciprocal tariffs on imports from different countries, including Sri Lanka, policymakers across the world contemplated ways and means to diversify their export markets and products.

4 mins

NDB Bank 1Q25 profit climbs on reduced impairments, loan growth

National Development Bank PLC (NDB) reported a 168 percent year-on-year (YoY) jump in the first quarter net profit to Rs.1.9 billion, supported by lower impairment charges and steady growth in core banking operations.

1 min

MBSL sets ambitious target to grow balance sheet to Rs.50bn by 2026

Merchant Bank of Sri Lanka & Finance PLC (MBSL), a subsidiary of Bank of Ceylon, has set an ambitious objective to increase its balance sheet to Rs.50 billion by 2026, following a period of notable financial expansion and strategic initiatives.

2 mins

Ceylon Chamber announces summit to spotlight SL’s investment potential

SRI LANKA ECONOMIC AND INVESTMENT SUMMIT 2025 SET TO KICK OFF IN DECEMBER

1 min

ComBank closes in on Rs.3tn asset mark with strong 1Q25 performance

Commercial Bank of Ceylon Group made a characteristically strong start to 2025, recording a healthy profit and balance sheet growth in the first quarter of the year.

3 mins

Credit to private sector accelerates to Rs.173bn

► EXPANSION BROUGHT TOTAL PRIVATE SECTOR CREDIT FOR FIRST QUARTER TO RS.274.6BN ► YEAR-ON-YEAR PRIVATE SECTOR CREDIT GREW 14.0% IN MARCH, ACCELERATING FROM 12.8% IN FEBRUARY

2 mins

Indices record the largest daily gain in 4 weeks

The ASPI closed in green as a result of price gains in counters such as Hatton National Bank, Central Finance Company and Commercial Bank with the turnover crossing Rs. 3.3 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in John Keells Holdings, Sunshine Holdings and LB Finance.

1 min

Auction yields hold ground; market kicks off with fresh buying

The Central Bank conducted its weekly T-bill auction yesterday, raising Rs.173.0 billion, in line with the initial offering, whilst of this, Rs.111.1 billion was raised via the 12-month T-bill.

1 min

Sampath Bank launches Weekend & Holiday POS settlements for CEYPETCO fuel stations

Sampath Bank has become the first local bank to launch a next-day POS settlement feature that functions seamlessly across weekends and public holidays.

1 min

NDB Bank partners with John Keells Properties to offer exclusive financing for VIMAN Ja-Ela

NDB Bank announced its exclusive partnership with John Keells Properties to provide a 100 percent home loan financing solution for Phase 3 of the VIMAN residential project in Ja-Ela.

1 min

Amana Bank upgrades Akurana branch

Amana Bank recently relocated its Akurana branch to Matale Road, offering customers a larger and more convenient space to experience improved banking services.

1 min

LIC Lanka secures Rs. 2000mn capital infusion from parent company

LIC (Lanka) Ltd announced that it has secured Rs.2000 million in capital infusion from its parent company LIC of India.

1 min

Monik launches world renowned Walton brand in Sri Lanka

Leading microfinance provider Monik Group of Companies introducing its latest venture to the public, announced the launch of the world-renowned Walton brand of home appliances and consumer electronics in Sri Lanka last week.

1 min

Agalawatte Plantations welcomes Manoj Udugampola to director board

Agalawatte Plantations announce the appointment of Manoj Udugampola to its Board of Directors, effective from 08/05/2025.

1 min

Sri Lanka – China Trade & Investment Forum to welcome high-level delegation

A high-level Sri Lanka-China Trade and Investment Forum will be held in Colombo on May 30, hosted by The Ceylon Chamber of Commerce and the Department of Commerce of Sri Lanka, together with the Sri Lanka China Business Council of the Ceylon Chamber, and the China Chamber of Commerce for Import and Export of Machinery and Electronic Products.

1 min

Prime Group appoints Umaria as Global Brand Ambassador

Prime Group has appointed singer Umaria Sinhawansa as its Global Brand Ambassador.

1 min

TEDxColombo celebrates the power of 'MAD' ideas

TEDxColombo, one of the prominent and long-standing TEDx events in Sri Lanka, announced the 13th edition of its flagship event, scheduled for June 1st, at the Nelum Pokuna Theatre.

2 mins

ACHE honoured as 'Best Institute for American Standard Education in SL'

The American College of Higher Education (ACHE), which has been offering American-style education in Sri Lanka for nearly 30 years, was recently honoured as the Best Institute for American Standard Higher Education at the Global Business Excellence Awards 2025.

1 min

ACCA appoints VenturesKey as ACCA Approved Employer

The Association of Chartered Certified Accountants (ACCA), a globally recognized body for professional accountants, has officially appointed VenturesKey as an ACCA Approved Employer, recognizing the organization's commitment to nurturing professional development and maintaining the highest standards in finance and accounting.

1 min

Increase in MDR for QR code transactions, a step backwards: expert cautions

MDR FOR OR CODE TRANSACTIONS AT 0% IN SINGAPORE AND INDIA

3 mins

Nagarro expands neurodiversity training programme to Sri Lanka

Nagarro, a global leader in digital engineering, recently announced the expansion of its neurodiversity initiative 'TestingPro' to Sri Lanka, in collaboration with the Shiranee Joseph de Saram Foundation (SJDSF).

2 mins

NEW ZEALAND UNDER-85KG TRIUMPHS IN SL TOUR

The New Zealand Under-85kg team completed their maiden international tour with a convincing 32-6 victory over Sri Lanka in the second Test at the Racecourse Grounds in Colombo.

1 min

Dinara and Inuki bag Doubles title

Dinara de Silva and Inuki Jayaweera won their second title of the 110th Colombo Tennis Championship when they emerged champions in the Women's Doubles event with a comfortable win over the pair of Venuli Jayasinghe and Sandithi Usgodaarachchi in the final played at the SLTA tennis courts in Greenpath, Colombo yesterday.

1 min

20th Battle of the Golds - Uva on May 23 and 24

The 20th Battle of the Golds - Uva annual Big Match cricket encounter played between St. Joseph's College, Bandarawela and Central College, Bandarawela will be played at the Mahinda Rajapaksa International Cricket Stadium in Hambantota on May 23 and24.

1 min

Vishwa guides Matara to easy win

Vishwa Supun shone with a fine knock of 131 in Matara’s 103-run win by DLS method over Ratnapura in their Under-19 Sri Lanka Youth League Limited Over Cricket Tournament encounter played at Hambantota.

1 min