Commercial Bank of Ceylon PLC’s new branch in Port City Colombo is poised to bring world-class banking services to Sri Lanka’s emerging international financial hub.

Located at Building 04 in Area 02 of the Port City Business Centre – Commercial Hub, Commercial Bank’s Port City Colombo branch will function as a fully-fledged banking operation, strengthening the Bank’s presence in one of Sri Lanka’s most strategically significant emerging economic zones. Designed to serve the evolving financial requirements of corporates, investors, businesses, professionals and retail customers within the Port City Colombo ecosystem, the branch offers access to Commercial Bank’s comprehensive portfolio of financial solutions. These include current and savings accounts, fixed deposits, personal and business lending, housing and leasing facilities, credit and debit card services, inward and outward remittances, foreign currency accounts and transactions, trade finance solutions, import and export services, corporate banking, treasury and foreign exchange services, cash management solutions and digital banking facilities.

By combining full-service branch banking with digital capabilities and uninterrupted self-service access, the new branch reflects Commercial Bank’s commitment to delivering future-ready, accessible and internationally aligned financial services in support of Port City Colombo’s growth as a dynamic hub for commerce, investment and innovation.

Following the recent decision by the Monetary Policy Board of the Central Bank of Sri Lanka to raise the Overnight Policy Rate by 100 basis points, a corresponding increase in market interest rates has been reported.

In line with this shift, several banks have already taken steps to increase the interest rates charged on credit cards. Banks have begun notifying their customers that the annual interest rate for credit cards will rise from the current 26% to 28%, effective from July 1st.

This rate hike comes at a time when credit card usage is on the rise. According to the Central Bank of Sri Lanka, the total number of active credit cards in the country stood at 2,166,186 at the end of 2025. By the end of the first quarter of 2026, this number had grown to 2,215,853 cards.

The latest data also highlights a significant increase in consumer debt. The total outstanding balance on credit cards was Rs. 189,706 million as of December 31, 2025. By March 31, 2026, this figure had climbed to Rs. 194,105 million, reflecting a growing reliance on credit despite the looming interest rate adjustments.

Hayleys Mobility Limited, the mobility arm of Hayleys Fentons Limited, has introduced the all-new JAECOO J5 HEV to Sri Lanka, strengthening its presence in the country’s growing new-energy vehicle market. Designed for modern drivers, this hybrid SUV blends intelligent performance, advanced safety, and premium comfort for both city driving and long-distance travel.

The JAECOO J5 HEV is powered by a 1.5L Turbo GDI engine paired with an electric motor and Dedicated Hybrid Transmission (DHT), delivering a combined 221 hp and 295 Nm of torque. It accelerates from 0–100 km/h in 7.9 seconds and achieves fuel efficiency of 18.9 km per liter, with a total driving range exceeding 950 km on a full tank—reducing both fuel stops and operating costs.

The vehicle features a bold exterior with a sharp LED lighting signature, while the interior offers a refined cabin with intuitive technology and modern connectivity. A comprehensive suite of advanced safety and intelligent driving technologies enhances driver confidence.

Company leaders emphasized Hayleys’ commitment to future-oriented mobility. The J5 HEV is backed by a 7-year vehicle warranty, an 8-year battery warranty, and the trusted after-sales network of Hayleys Mobility.

Priced at LKR 19.9 million, the JAECOO J5 HEV is available at Hayleys showrooms, including the OMODA & JAECOO flagship store in Colombo. An introductory discount of LKR 1 million is being offered to the first 100 customers, making next-generation hybrid mobility more accessible.