Construction sector shrinks in April as rising raw material costs threaten project timelines

The construction sector in Sri Lanka experienced a sharp contraction in April 2026, with the Purchasing Managers’ Index (PMI) for Construction, measured by the Total Activity Index, plunging to 45.7 from the 57.1 recorded in March.

Amor Developers receives top honour at German-Sri Lanka Startup Awards 2026

Amor Developers secured the top spot at the German-Sri Lanka Startup Awards 2026, held as part of the Sri Lankan-German Business Forum 2026.

LOLC Group delivers strong operating growth as diversified platform gains further scale

LOLC Holdings PLC reported its financial results for the fiscal year ended March 31, 2026, indicating an expansion in core operating profitability and a scaling of its diversified business model.

Inflation hits 13-month high as supply shocks disrupt price stability

The consumer inflation measured by Colombo Consumer Price Index (CCPI) continued its upward trajectory in May 2026, reaching a 13-month high and remaining above Central Bank’s medium-term target.

FTZMA meets BOI Chairman and DG

The Free Trade Zone Manufacturers Association (FTZMA) Executive Committee members, led by Chairman Dhammika Fernando, met Board of Investment (BOI) Chairman Dr. Sulakshana Jayawardena and Director General Renuka Weerakoon, to discuss several urgent matters affecting the BOI enterprises and export-oriented manufacturers.

eMarketingEye launches Sri Lanka’s first AI visibility study for hotels

eMarketingEye, a leading hospitality digital marketing agency, has launched Sri Lanka’s first AI visibility study for hotels, offering groundbreaking insights into how the hotels in Sri Lanka appear across leading AI platforms (LLMs) such as ChatGPT, Gemini and Perplexity.

Asia debt policymakers meet in Colombo as climate risks deepen fiscal pressures

Senior public debt officials, central bankers and multilateral institutions from across Asia and the Pacific convened in Colombo last week to examine how the rising climate risks, elevated debt burdens and global economic uncertainty are reshaping the fiscal management priorities across the emerging economies.

ComBank pioneers state-of-the-art 3DS authentication for UnionPay cardholders

Commercial Bank of Ceylon has further strengthened the security and convenience of online payments for its UnionPay cardholders by becoming the pioneering financial institution in Sri Lanka and the wider South Asian region to introduce advanced 3-D Secure (3DS 2.x) authentication for UnionPay e-commerce transactions.

First Capital records Rs. 2.10bn PAT and core earnings of Rs. 6.59bn

First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) delivered a steady performance during FY2025/26, recording a Profit after Tax of Rs. 2.10 billion for the year ended 31 March 2026.

‘SmartChat Mega - Kandy’ accelerates SME digital transformation

Showcasing an expansive range of tailored digital and AI-driven business solutions, SLT-Mobitel Enterprise successfully hosted SmartChat Mega – Kandy at Oak Ray Regency recently.

Seylan Bank partners with Hayleys Fentons to power EV ownership with leasing solutions

Seylan Bank PLC has entered a strategic partnership with Hayleys Fentons Limited to introduce a dedicated leasing facility for customers purchasing electric vehicles (EVs), reinforcing the Bank’s commitment to promoting sustainable transport and green mobility solutions in Sri Lanka.

United Motors Lanka achieves highest-ever profit of Rs. 3.6bn for FY2025/26

United Motors Lanka PLC announced a strong financial performance for the year ended 31 March 2026, recording a sharp recovery in profitability and revenue across both Group and Company levels after the lifting of the import ban.

Ceylon Chamber welcomes IMF review approval

The Ceylon Chamber of Commerce welcomes and commends the government of Sri Lanka on the successful completion and approval of the fifth and sixth reviews under the International Monetary Fund (IMF) Extended Fund Facility programme.

365 Future Energy explores sustainable energy investment opportunities in Sri Lanka

365 Future Energy, an Australia-based sustainable energy solutions company, announced the visit of its CEO Isuru Yapa, together with internationally recognised energy technology entrepreneur Ludovico Finotto, to Sri Lanka today.

SLT‑mobitel among Sri Lanka’s top employers for 2026

In recognition of the efforts championing talent development, nurturing innovation and building a high‑performance culture, SLT‑Mobitel was ranked among Sri Lanka’s Top 20 Employers for 2026, as announced by AICPA & CIMA.

Swadeshi Khomba Baby Soap receives SLS certification

SLS certification is important because it assures mothers that Khomba Baby Soap has been certified as safe and gentle on a baby’s skin.

Sri Lanka Insurance Corporation General introduces SLICGL Digital app

Sri Lanka Insurance Corporation General Limited (SLICGL) launched the SLICGL Digital app recently.

Sampath Bank-JKCG Auto offer preferential rates for NEV buyers  

Sampath Bank PLC recently entered into a memorandum of understanding (MoU) with John Keells CG Auto (Private) Limited (JKCG Auto) to introduce preferential financial solutions for customers seeking to purchase new energy vehicle (NEV), supporting the growing shift towards sustainable mobility in Sri Lanka.

US hospital chain tests Sinque Numberless Patient Monitoring Solution

Sinque, a patient monitoring system that focuses on numberless behavioural analytics, to deliver obesity care that is emotionally safe, especially for GLP-1 weight loss programs, built and implemented by Sri Lankan technology outsourcing company EFutures, together with leadership from the application’s founders in the Netherlands, is now being tested by a leading hospital chain across the United States.

ADRA Ceylon redefines Sri Lanka’s tea export narrative

ADRA Ceylon, an entity within the Pink Eagle Group, marks its 10th anniversary, celebrating a decade of remarkable transformation from a local venture into a globally recognized leader in premium Ceylon tea export. Since its inception, the company has successfully delivered exquisite teas to over 37 countries, firmly establishing its position among Sri Lanka’s tea exporters. This significant milestone reflects the strategic vision and unwavering

Lanka Lions Foundation continues to uplift Lankan entrepreneurs

The Lanka Lions Foundation (LLF), the charitable arm dedicated to humanitarian and community upliftment under Lions in Sri Lanka, continues to make a significant impact on grassroots entrepreneurship through its long-standing micro loan programme aimed at supporting economically active low-income individuals who are unable to access traditional banking facilities

H.E.R Foundation formalises menstrual health partnership with Dialog Business Services

The H.E.R Foundation, supported by Fems, recently took an important step forward in its mission to advance menstrual health across the country.

SLYCAN Trust convenes Lighthouse Event to discuss climate and disaster risk finance

With disasters and other climate change impacts looming large, Sri Lanka needs strong social and financial protection mechanisms to help communities, businesses, and public institutions prepare and recover, according to discussions at the Lighthouse Event on Climate and Disaster Risk Finance and the Multi-Actor Partnership in Sri Lanka.

NCE visit strengthens export sector connections in Wayamba

The National Chamber of Exporters of Sri Lanka (NCE) conducted a regional visit to Kurunegala in the Wayamba Province on 15 May, with the objective of connecting member exporters with regional producers, suppliers and aspiring exporters through direct business engagement and institutional participation.

Sri Lanka unveils South Asia’s first Solar Bakery Oven

Sri Lanka became the first country in South Asia to unveil a solar hybrid bakery oven, designed with both solar and biogas energy sources to ensure uninterrupted operation despite unpredictable weather conditions.

Altair receives PWA’s entrance and lobby upgrade

Altair, an address that elevates and defines contemporary living, stands as Moshe Safdie’s architectural masterpiece and a powerful statement that buildings can achieve extraordinary feats.

Aitken Spence Printing wins ‘WorldStar 2026’ award

Aitken Spence Printing has achieved a landmark international recognition by becoming the first and only offset printing company in Sri Lanka to win an award at the WorldStar Awards, organised by the World Packaging Organisation (WPO). The Company secured the WorldStar 2026 Award for Packaging Excellence in the Luxury Packaging category, reaffirming Sri Lanka’s growing capability in world-class printing and packaging innovation.

Wire Communications Consultancy Holdings reinforces leadership architecture to drive ‘Wire 15 Roadmap’

Wire Communication Consultancy Holdings, celebrating its 15th anniversary of market operations, has officially announced structural advancements to its senior leadership team.

CA Sri Lanka’s inaugural Sustainability Summit mobilises corporate sector for resilient growth

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently launched its inaugural Sustainability Summit at Cinnamon Life, drawing an unprecedented gathering of corporate leaders including C-suite executives, board members, regulators, and global sustainability experts.

PDMO successfully raises full offered amount at T-bond auction

Yesterday, the PDMO successfully concluded a T-bond auction, raising the full offered amount of Rs.240.0 billion across the 2030, 2033 and 2035 maturities.