Business
DFCC Bank continues to record good key performance indicators

DFCC Bank PLC, the largest entity within the Group, reported a profit before tax (PBT) of LKR 4,105 Mn and a profit after tax (PAT) of LKR 3,070 Mn for the period ended 30 September 2021. This compares with a PBT of LKR 2,636 Mn and a PAT of LKR 1,751 Mn in the comparative period.
The Group recorded a PBT of LKR 4,508 Mn and a PAT of LKR 3,413 Mn for the period ended 30 September 2021 as compared to LKR 3,062 Mn and LKR 2,110 Mn respectively in the comparative period of year 2020. All the member entities of the Group made positive contributions to this performance.
The basic earnings per ordinary share (EPS) of the Bank improved to LKR 9.74 for the period ended 30 September 2021 from LKR 5.74 for the comparative period in year 2020 recording an increase of 70%.
The Bank’s Return on Equity (ROE) improved to 7.14% during the period ended 30 September 2021 from 4.93% recorded for the year ended 31 December 2020. The Bank’s Return on Assets (ROA) before tax for the period ended 30 September 2021 is 1% compared to 0.78% for the year ended 31 December 2020.
The Bank recorded LKR 8,700 Mn in net interest income (NII) which is a 2% increase year on year. However, the drop in AWPLR by 116 bps over the past 12 months and the time lag to reprice the existing deposits to match market trends, contributed to the drop in interest margin from 2.53% in December 2020 to 2.41% in September 2021. Since a large component of the portfolio which are to be repriced based on variable rates and with the expected upward revision to Average Weighted Prime Lending Rates the bank would record a positive impact to Net Interest Margins in the coming months.
Due to travel restrictions imposed to curb the spread of the pandemic, the business momentum was impacted during the third quarter of 2021.
The staff at the Head office and the branch network working continuously over the period has assisted the bank to increase non-funded business and helped the priority sectors of the country to continue with their business activities uninterruptedly. This effort was fruitful as it resulted in an increase in net fee and commission income to LKR 1,929 Mn for the period ended 30 September 2021 from LKR 1,436 Mn in the comparative period. Other operating income has increased mainly due to increase in dividend income and gain on the sale of fixed income securities during the period ended 30 September 2021.
Business
‘Transformative infrastructure’ installed at Colombo West International Terminal

In a landmark move for Sri Lanka’s logistics landscape, EFL Project Logistics has completed a critical phase of deliveries for the Colombo West International Terminal (CWIT), a transformative infrastructure project poised to reshape the country’s role in global maritime trade.
CWIT—a collaboration between Adani Ports and SEZ Ltd (51%), John Keells Holdings and the Sri Lanka Ports Authority—is set to be the island’s first fully automated deep-water terminal. As it gears up for full commercial operations in 2025, the recent arrival of high-tech port handling equipment marks a key economic inflection point for Sri Lanka.
Speaking exclusively to The Island Financial Review on the impact, Mohamed Niyas, General Manager – Project Logistics at EFL, said, “The logistics we executed for CWIT are more than just cargo movements; they are catalysts for economic transformation. These deliveries—ranging from electric inter-terminal trucks to automated gantry cranes—are essential to positioning Sri Lanka as a sustainable, high-capacity transshipment hub.”
Among the highlights of the operation were 62 state-of-the-art Sany electric trucks and massive quay and gantry cranes, representing not only a technical leap but also a green one. These advancements contribute to CWIT’s eco-efficient design and bolster Colombo’s capacity to handle up to 15 million TEUs by 2026.
Economically, the development of CWIT—and EFL’s role in its expedited setup—signals a push for increased foreign direct investment, enhanced export competitiveness and job creation across the logistics and engineering sectors. As Niyas emphasized, “We are not just helping move cargo; we are enabling national economic value. Every successful delivery brings us closer to a future where Sri Lanka is a leading player in the South Asian maritime corridor.”
With global shipping routes evolving and automation driving next-gen port operations, CWIT is seen as a strategic asset for long-term growth. EFL’s role in the project showcases the kind of logistics innovation necessary to support this ambition—efficient, sustainable and globally competitive.
By Ifham Nizam
Business
Marine Tourism Roadmap for Sri Lanka launched by SLTDA

Sri Lanka marked a major milestone in its tourism development efforts with the official launch of the Marine Tourism Roadmap on April 10 in Colombo. This initiative, led by the Sri Lanka Tourism Development Authority (SLTDA) with support from the Asian Development Bank (ADB) under its technical assistance program TA9881 SRI: Supporting Tourism Resilience, lays the groundwork for a new chapter in tourism and the nation’s blue economy.
The Marine Tourism Roadmap was developed through an extensive process of data collection, stakeholder consultations and site visits conducted by the ADB appointed international consultant together with officials of the SLTDA. The final validation of the Roadmap was done by the Marine Tourism Steering Committee, which included representatives from key marine related public and private sector institutions. International expertise was provided by Ms. Aleksandra Dragozet (CEO & Founder – Sea Going Green), ADB’s appointed marine tourism consultant, whose guidance ensured the strategy aligned with global best practices for sustainable tourism. The SLTDA officials, Dr. Prasad Jayasuriya, Director-Tourism Planning, Development & Investments and S Dadeepan, Assistant Director-Tourism Planning & Development coordinated all meetings, site visits and activities with relevant stakeholders and the Steering Committee.
The Marine Tourism Roadmap emphasizes a balanced approach between conservation and economic development, promoting eco-friendly activities such as diving, snorkeling, ship wreck diving and marine wildlife watching. These activities are designed to support local livelihoods while safeguarding Sri Lanka’s rich marine biodiversity, particularly coral reefs, marine mammals, and fragile coastal habitats that face increasing environmental pressure. The strategy outlines two categories of coastal destinations: areas covering Kalpitiya through Galle to Trincomalee, which possess established marine tourism industries; and areas covering Mannar, Jaffna and the North-Eastern coastal belt, which are recognized for their emerging tourism potential. Notably, Sri Lanka’s ocean territory is nearly seven times larger than its landmass, highlighting the vast, untapped opportunities for marine-based tourism. The roadmap presents both short-term and long-term implementation strategies, aiming to develop sustainable marine tourism infrastructure, enhance visitor experiences, and ensure the protection and resilience of marine ecosystems in the years ahead.
The Roadmap itself was the result of collaboration among stakeholders covering coastal areas of Negombo, Kalpitiya, Mannar, Jaffna, Mullativu, Trincomalee and Galle and also the Steering committee members representing 18 key marine related public and private sector institutions including Presidential Secretariat, Ministry of Tourism and the SLTDA. This unified approach ensured that the document reflects the diverse perspectives of stakeholders directly involved in marine and coastal tourism development.
Business
Amana Takaful Insurance honored at Best Management Practices Company Awards 2025

Amana Takaful Insurance, Sri Lanka’s most awarded insurer, has been recognized among the Twenty Outstanding Companies at the Best Management Practices Company (BMPC) Awards 2025. The company was also named the Category Winner in the Insurance (Private Sector), acknowledging its excellence in implementing best management practices that drive business success and workforce empowerment.
The BMPC Awards 2025, organized by the Institute of Chartered Professional Managers of Sri Lanka (CPM Sri Lanka), took place on March 21st at Monarch Imperial, Sri Jayewardenepura, Kotte. The awards recognized organizations that demonstrated outstanding management strategies, innovation, and leadership following a rigorous evaluation process.
Farhan Jabir, Head of Human Resources and Secretary to the Board at Amana Takaful Insurance, stated, “This recognition reflects our commitment to fostering an engaged, high-performing workforce. Our strategic HR initiatives have enhanced employee well-being, development, and business success. We will continue to strengthen our best management practices.”
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