Largest container ship arrives at the Colombo Port

The MSC Mariella, known as the world’s largest container ship, arrived at the Eastern Container Terminal (ECT) of the Colombo Port yesterday (28).

Central Finance announces leadership transition with new Chairman and board appointments

Central Finance Company PLC (CFC), a leading non-bank financial institution, has announced significant changes to its Board of Directors, including the appointment of Arjun Rishya Fernando as its new Chairman, effective May 1, 2025.

Market continued its positive momentum, surpassing the 15,800 level

The Colombo Stock Exchange (CSE) concluded today’s session on a strong note, with the All Share Price Index (ASPI) continue the positive note by closing today by surpassing 15,800 level.

Cybersecurity firm CEO arrested for allegedly installing malware on hospital computers

Oklahoma City-based cybersecurity and private intelligence firm Veritaco CEO Jeffrey Bowie was arrested on April 14, 2025, and faces two felony counts under Oklahoma’s Computer Crimes Act.

Jetwing Vil Uyana among Wanderlust Travel Media Magazine’s Inaugural Wandersleeps 2025 List

Jetwing Vil Uyana has been featured in Wanderlust Travel Media magazine’s inaugural Wandersleeps 2025 list, which celebrates 50 of the world’s most authentic, distinctive, and responsible places to stay.

CSE surges past 15,700 mark amid broad-based gains

The Colombo Stock Exchange (CSE) concluded today’s session on a strong note, with the All Share Price Index (ASPI) breaching the 15,700 level.

Government seeks proposals to revitalize public transport through ancillary services and PPPs

To address decades of decline in its public transportation system, the government is seeking suggestions and views from the public to revitalize public transport through ancillary services and public private partnerships (PPP).

SriLankan Airlines CEO Richard Nuttall named as next president of Philippine Airlines

Philippine Airlines (PAL) has named Richard Nuttall, the current CEO of SriLankan Airlines, as its new President, effective May 29, 2025.

Market ends on slightly positive note amid thin volumes and mixed sentiment

The Colombo Stock Exchange concluded today’s session with a modest gain, driven by selective buying interest amid subdued market activity. Investor sentiment remained mixed, reflecting cautious optimism as market participants await clearer signals for direction.

Regional startups shine as FinTech World Cup lands in Port City Colombo

Port City Colombo buzzed with fintech innovation as the Fintech Association of Sri Lanka (FASL), in strategic alliance with Port City, hosted the regional competition of the prestigious FinTech World Cup (FWC).

CAA continues to track overpriced bottled water sales

The Consumer Affairs Authority (CAA) is continuing its island-wide raids to track down vendors selling bottled drinking water at prices above the approved rates.

CSE ends mixed as ASPI dips, but S&P SL20 holds slight gains

The Colombo Stock Exchange(CSE) saw mixed performance midweek, with the broader market under slight pressure while blue-chip counters showed marginal resilience. Investor activity remained measured, as sentiment stayed neutral ahead of upcoming earnings disclosures and key global macro triggers.

UB Finance retains ’BB(lka)’ rating with negative outlook from Fitch Ratings

Fitch Ratings Lanka Limited has affirmed UB Finance PLC’s National Long-Term Rating at “BB(lka)” with negativw outlook, according to a filing submitted to the Colombo Stock Exchange (CSE).

Sri Lanka’s economic growth set to slow to 3.5% in 2025 amid structural and global Challenges

Sri Lanka’s economic growth is projected to decelerate to 3.5 percent in 2025, according to the World Bank (WB), as the country contends with persistent structural constraints, global economic pressures, and unresolved trade policy uncertainties.

Ten million registered for TIN, 7 million still unregistered: IRD

A total of 10 million people have registered with the Inland Revenue Department to obtain Taxpayer Identification Numbers (TIN), while at least 7 million people still remain unregistered, IRD Deputy Commissioner General B.K.S. Shantha said.

CSE slips today as selling pressure mounts across key counters

The Colombo Stock Exchange closed in negative territory Today, weighed down by sustained selling in index-heavy counters. Both the ASPI and S&P SL20 extended losses from the previous session, reflecting heightened caution among investors amid weak foreign cues and a lack of immediate catalysts.

Red Wings Charter flights contribute to over $246 Million in forex earnings to Sri Lanka via Mattala Airport since end-2022

Since December 29, 2022, Russia’s Red Wings Charter flights has operated 392 charter flights, carrying 153,716 tourists to Sri Lanka. These efforts have generated over $246 million in foreign exchange (forex) earnings from tourism, according to Sri Lanka’s Former Ambassador to Russia Udayanga Weeratunga.

Lankem Developments PLC’s rights Issue oversubscribed, raises Rs. 752.5Mn

Lankem Developments PLC has announced the oversubscription of its recent rights issue, securing Rs. 752.56 million from investors against an initial target of Rs. 600 million, according to market disclosure filed with Colombo Stock Exchange (CSE) this week.

CSE opens the week steady as March quarter earnings season kicks off

The Colombo Stock Exchange (CSE) opened the new week on a measured note as indices posted mild losses amid global uncertainty and cautious investor sentiment. Despite the slight pullback, the session reflected healthy underlying participation and sector-specific interest.

Tourism earnings climb to $1.12B in Q1

Sri Lanka’s tourism trade generated earnings of US $ 354.0 million for March, the final month of the peak winter earnings season, bringing the total earnings for the three months to US $ 1,122.3 million.

CSE closes the short trading week with modest decline

The Colombo Stock Exchange (CSE) concluded the shortest trading week on a modestly negative note.

Investor sentiment pushes ASPI to gain 99+ points amid holiday-driven dull trading

The All Share Price Index (ASPI) recorded a gain of 99.68 points during today’s trading session, closing at 15,625.88, up by 0.64%. The S&P SL20 Index also edged higher, rising 0.65 percent to close at 4,644.49.

Serendib Engineering announces voluntary delisting from CSE

Serendib Engineering Group PLC announces the voluntary delisting of its fully paid ordinary voting shares from the Official List of the Colombo Stock Exchange (CSE).

Verite Research calls for united response for US tariff

Colombo based think-tank Verite Research called on the Sri Lankan government, and the world, to forge a multilateral approach in tacking the recently announced US tariff.

Market declines amid global caution and pre-holiday positioning

ASPI and S&P SL 20 indices ended lower today, as investor sentiment turned cautious ahead of the upcoming holiday season and amid continued global macroeconomic headwinds.

SriLankan Airlines to chart a five-year turnaround with route cuts, public listings under a leaner operation model

Loss-making national carrier SriLankan Airlines could transform into a leaner, profitable entity within five years under a new restructuring plan, which includes route rationalization, fleet optimization, and public listings of minority stakes in its profitable and monopolistic business units.

ASPI soars to record-breaking high with biggest daily gain ever

The All Share Price Index (ASPI) recorded its highest ever daily gain, surging by 704.88 points to close at 15,580.83, reflecting a 4.74 percentage increase.

New Year ‘Kevili’ table costs 7% more in 2025 than in 2024: Verité Research

The cost of preparing a traditional kevili or sweetmeats table for the Sinhala and Tamil New Year has increased by 7% in 2025 compared to 2024, and is now more than twice as high as it was in 2019, according to a report by Verité Research.

ASPI surges 5.41% in early trading, boosted by banking sector and JKH

The All Share Price Index (ASPI) jumped by 805.42 points (5.41 percent) in the first ten minutes of trading, fueled by strong buying interest in banking sector stocks. John Keells Holdings PLC (JKH.N) also contributed to the rally, posting a turnover of Rs. 448 million amid active market participation.

Trump announces 90-day pause on new tariffs

In an abrupt move, US President Donald Trump announced a 90-day pause on the reciprocal tariff that went into effect this week.