Russia looks to Sri Lanka and India to plug 11mn labour deficit

​Russia is turning to South Asia, including Sri Lanka, to address a widening labour shortage that has been exacerbated by the war in Ukraine and long-term demographic shifts.

January tourism earnings at US$ 378mn

While January 2026 recorded historic visitor numbers, earnings from the trade witnessed a contraction, highlighting persistent concerns regarding lower spending and confirmed revenue leakage.

January kicks off with record US$ 751mn in remittances

​Sri Lanka kicked off 2026 with solid inflows from worker remittances, as January recorded another monthly high with Sri Lankans working abroad continuing to send substantial funds back home in the new year.

Arrivals cross 40,000 mark in first four days of February

Sri Lanka’s tourism industry maintained its robust momentum into the second month of the year, recording over 40,000 arrivals within the first four days of February.

Amana Takaful announces Rs. 1 bn rights issue to strengthen capital base

Amana Takaful PLC has announced plans to raise over Rs. 1 billion through a Rights Issue of shares to strengthen the company’s equity base and improve its Capital Adequacy Ratio (CAR).

Renuka Foods announces share sub division following robust profits

Renuka Foods PLC has announced a sub division of its issued ordinary shares following a resolution passed by its Board of Directors on February 6, 2026, according to a stock filing.

India’s State-owned Mazagon Dock triggers mandatory offer for Colombo Dockyard

Mazagon Dock Shipbuilders Limited (MDL), a premier Indian state-owned defense shipbuilder, has announced a mandatory offer to acquire the remaining shares of Colombo Dockyard PLC at Rs. 40.00 per share.

To raise Rs. 15 bn via Basel III compliant debentures

DFCC Bank PLC has announced a proposal to raise up to Rs. 15 billion through a new issuance of debentures, according to a stock filing.

DFCC Bank oversubscribes landmark Basel III compliant GSS bond issue

DFCC Bank PLC successfully closed its latest capital raising initiative on Friday (06), with its Basel III compliant GSS+ bond issue being oversubscribed hours after opening.

HNB-Baili Investments drive accessible home financing for Silk Rajagiriya residents

HNB PLC has formalised a strategic partnership with Baili Investments Lanka (Pvt.) Ltd through the signing of a memorandum of understanding to facilitate tailored home loan financing solutions for Silk Rajagiriya.

LCB Finance relocates Matara branch

Lanka Credit and Business Financer PLC recently relocated its Matara branch at 3/1/2, Nupe Junction, Galle Road, Matara.

Bairaha named as People’s Pinnacle Best Chicken Food Processing Company Brand

Sri Lanka’s pioneer poultry processor Bairaha Farms PLC announced its recognition as the People’s Pinnacle Best Chicken Food Processing Company Brand of the Year 2025.

Moose Clothing Company named a Superbrand

Moose Clothing Company has been recognised as a Superbrand for 2026, a proud milestone for a young Sri Lankan brand that has grown steadily through trust, consistency and a strong connection with its customers.

Vision Care recognised as a Superbrand

Vision Care has been recognised as a Superbrand for 2025, marking a significant milestone in its journey of delivering trusted, high-quality eye care to communities across the island.

APB’s 36th anniversary convention gets strong industry support

The 36th Anniversary Convention of the Association of Professional Bankers (APB) Sri Lanka is scheduled for February 19 and 20, 2026, at Cinnamon Life (Lumina Ballroom), under the timely theme of ‘Navigating Complexity and Accelerating Impact Through Regional Synergy’.

People’s Bank gifts newborns on 78th Independence Day

People’s Bank celebrated Sri Lanka’s 78th National Independence Day with a modest ceremony held at its People’s Tower head office, Colombo 2, under the patronage of People’s Bank Chairman Prof. Narada Fernando and Chief Executive Officer and General Manager Clive Fonseka.

Asia Siyaka Logistics Centre achieves global first with ZeroCarbon certification in tea logistics

Asia Siyaka Warehousing (Pvt.) Ltd (ASW), Sri Lanka’s leading tea auction logistics service provider, has achieved a significant global milestone by becoming the world’s first tea logistics company to be awarded ZeroCarbon certification,

JAT Holdings delivers 7% YoY revenue growth in 3Q26

JAT Holdings PLC, a leader in the wood coatings and manufacturing sector, recorded a steady performance in 3Q FY 2025/26, driven by resilient local market growth and a landmark international acquisition that sets the stage for future expansion.

CSE powers CA SL’s TAGS Awards diamond jubilee

In a move that further strengthens the shared commitment in advancing Sri Lanka’s corporate governance, transparency and reporting standards, the Colombo Stock Exchange (CSE) has once again come on board as the Strategic Partner for the 60th anniversary of the prestigious TAGS Awards, organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka).

NDB Bank-Visa launch Card Present Connect to transform POS acceptance in Sri Lanka

National Development Bank PLC (NDB Bank), together with Visa, has launched Card Present Connect (CPC), an in-person digital payment acceptance solution powered by Cybersource, Visa’s open payment platform that supports both online and offline transactions.

Intellect’s eMACH.ai platform to power Sampath Bank’s corporate, SME banking transformation

Intellect Design Arena Ltd, a global leader in enterprise-grade financial technology, announced its strategic partnership with Sampath Bank PLC, to elevate the bank’s capabilities to accelerate its corporate and SME banking transformation using a state-of-the-art solution that modernises the bank’s comprehensive transaction banking landscape including cash management,

Sri Lankan marketers urged to ditch ‘gut feel’ for data-driven decisions

Sri Lankan marketers are grappling with a critical inertia in adopting data-driven decision-making, often favoring “gut feel” over statistical analysis despite having the necessary academic background.

Accountants best placed to lead sustainability reporting: IFAC Chief

Financial markets need trust worthy, high quality information on sustainability related risks and opportunities so that investors and lenders can make efficient decisions, said International Federation of Accountants (IFAC) President Jean Bouquot during his recent visit to Sri Lanka.

Elephant House marks 160 years in business

Elephant House celebrates 160 years of building trust across generations, an exceptional milestone in the country’s corporate and consumer brand history.

Parliament takes up amendment to split container operator regulation from freight forwarders

Container operators will soon be governed by an independent legal framework as the government moves to amend the Licensing of Shipping Agents Act of 1972 to exclude them from its scope.

CA Sri Lanka hails historic appointment of female Auditor General

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has hailed the historic appointment of Chartered Accountant, Samudika Jayaratna, as the country’s first female Auditor General.

Tea auction of 6.1 MnKgs sees firm interest in premium western lots

This week’s auction comprised of 6.1 M/Kgs. There was fair general demand mostly at firm to easier rates, except for the seasonal teas from the Western slopes which appreciated significantly following quality.

Asiri Hospital pioneers advanced cardiac care in Matara

Asiri Health has inaugurated a state-of-the-art Cardiac Catheterization Laboratory (Cath Lab), together with a fully-equipped Coronary Care Unit (CCU), at Asiri Hospital Matara.

Nawaloka Hospitals to serve as Platinum Sponsor of ‘Medicare 2026’

Nawaloka Hospitals PLC, a pioneer in Sri Lanka’s private healthcare sector, is taking a bold step into the future by integrating Artificial Intelligence (AI) into healthcare. Demonstrating its commitment to advancing medical innovation, the hospital group will proudly serve as the Platinum Sponsor of the 15th edition of the Medicare – International Healthcare Exhibition 2026, where it will unveil its latest AI-driven technologies.

Mabroc Teas launches ‘TeaTrace’

As transparency becomes a defining requirement among European buyers, Mabroc Teas (Pvt) Ltd has launched ‘TeaTrace’, a data-driven traceability platform designed to meet evolving global standards in ethical and sustainable sourcing.