Omega Line crowned as overall Best Exporter of the Year at Presidential Export Awards 2024/25

Omega Line has secured an unprecedented quadruple victory at Presidential Export Awards 2024/25, claiming the country’s highest export honour alongside three additional national titles in a landmark achievement for Sri Lanka’s apparel sector.

People’s Insurance appoints Chandana Guniyangoda as Independent Chairman

People’s Insurance PLC announced the appointment of Chandana Shubhashana Guniyangoda as its new Independent Chairman, effective from December 10, 2025.

Week begins with foreign buying

The ASPI closed in red as a result of price losses in counters such as Colombo Dockyard, Ceylinco Holdings and Commercial Bank with the turnover crossing Rs. 2.2 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Colombo Dockyard, Richard Pieris & Company and Hemas Holdings. Mixed interest was observed in Renuka Agri Foods, Swisstek and John Keells Holdings whilst retail int

Softlogic secures Rs.42bn debt restructuring deal as total borrowings hit Rs.123bn

Softlogic Holdings PLC has successfully concluded negotiations to restructure debt amounting to over Rs.42 billion, securing critical grace periods of six to 18 months for capital repayments, according to its latest annual report. This strategic financial engineering has begun to reshape the conglomerate’s balance sheet, which remains weighed down by a massive debt load of Rs.122.8 billion as of September 30, 2025.

Secondary market opens on a soft note

The secondary market opened the week on a dull footing. Trading volumes were low while the yield curve held firm.

Emirates-Dubai Humanitarian launch airbridge to Sri Lanka to transport urgent relief aid

Emirates and Dubai Humanitarian have established an airbridge to Sri Lanka, transporting urgent relief aid to support those affected by the devastating Cyclone Ditwah.

Aberdeen Holdings earns GHG verification

As Sri Lanka accelerates its transition toward a greener and more resilient economy, Aberdeen Holdings, a diversified conglomerate operating across more than eight industries, has reaffirmed its commitment to sustainability by achieving Greenhouse Gas (GHG) verification certification under the ISO 14064-1:2018 standard.

iPhone 17 series with global warranty launched at CDF Duty Free Mall at Port City

The iPhone 17 series along with iPhone Air was launched at the Mall at the Colombo Port City Economic Commission in the presence of several dignitaries including Colombo Port City Economic Commission Director Finance Ruwan Karunarathne, CHEC Port City Colombo Deputy Managing Director Xiang Nan and CDF Duty Free Country General Manager Dimantha Kinigama.

Carmart hands over brand-new Leapmotor C10s to owners

In a significant milestone for Sri Lanka’s electric mobility landscape, Carmart (Pvt.) Ltd, the authorised importer and distributor for Leapmotor in Sri Lanka, handed over the first batch of brand-new Leapmotor C10 Self-Charging EVs to their excited owners this week.

ComBank leads Sri Lanka’s SME lending for fifth consecutive year

The Commercial Bank of Ceylon has once again emerged as the country’s largest lender to small and medium enterprises (SMEs), retaining its position for the fifth consecutive year, according to the Ministry of Finance’s Final Budget Position Report for 2024.

SEC and CSE continue drive to broad base stock market

The Securities and Exchange Commission of Sri Lanka (SEC) and Colombo Stock Exchange (CSE) recently conducted more investor forums in Galle, Badulla, Ratnapura, Gampaha, Kegalle and Kuliyapitiya.

GTEX Sri Lanka welcomes new beneficiary companies

The Sri Lanka Export Development Board (EDB), together with the International Trade Centre (ITC), Switzerland’s State Secretariat for Economic Affairs (SECO), and the Swedish International Development Cooperation Agency (SIDA), recently launched the second phase of the Global Textile and Clothing Programme (GTEX2) in Sri Lanka. The initiative, implemented from 2024 to 2027, aims to enhance the competitiveness and global market presence of the co

Groundworth secures special recognition for land investments at Asia Property Guru Awards 2025

Groundworth (PVT) Ltd has been honoured with Special Recognition for Land Investments at the Asia Property Guru Awards 2025, reaffirming its position as a trusted leader in Sri Lanka’s real estate sector.

Sysco LABS secures double victory at Presidential Export Awards

Sysco LABS has been honoured with the award for Exporter of the Year in the Information and Communication Technology (ICT) category for the fourth consecutive year, strengthening its position as a leader in Sri Lanka’s ICT services export industry. In a landmark achievement, the company also received the coveted ‘Innovative Export Service of the Year’ award for SAGE (The Sysco Agentic Ecosystem), an enterprise-grade AI platform developed entirely

Companies (Amendment) Act 2025 elevating governance, transparency and global alignment

In the following interview, Harshanee Deshapriya, Group Chief Legal Officer of JXG (Janashakthi Group), explores how the Companies (Amendment) Act No. 12 of 2025 fosters a financial ecosystem and future of reward through its implementation of transparency, accountability, and global best practices. She examines the importance of enhancing good governance and compliance for local financial institutions to drive sustainable futures for the country.

Hatch unveils Sri Lanka’s first Innovation District

Hatch, the nation’s award-winning startup hub and a driving force behind Sri Lanka’s entrepreneurial ecosystem, is advancing its boldest initiative yet, the creation of the country’s first Innovation District in Colombo 01.

Fortieth edition of Colombo Shopping Festival opens

The 40th edition of Colombo Shopping Festival was inaugurated by Nalin Jayasundera, the Managing Director of Aitken Spence Travels with the participation of event partners and exhibitors.

JAT ‘Pintharu Abhiman’ expands nationwide footprint completing 3rd edition of workshops

JAT Holdings PLC marked another important milestone in its long-term commitment to uplifting Sri Lanka’s painter community, as the 3rd edition of its flagship development initiative, JAT Pintharu Abhiman concluded with the eighth and final workshop held in Colombo, reinforcing JAT’s sustained investment in professionalising and empowering the painter ecosystem.

CFA Society Sri Lanka names ‘PickMe’ as Subject Company for 2025/26 Research Challenge

CFA Society Sri Lanka announced that Digital Mobility Solutions Lanka PLC, owner of the PickMe brand, has been selected as the subject company for the 19th annual CFA Institute Research Challenge Sri Lanka competition for the year 2025–2026, with the local finals scheduled for February 2026.

Tourism spend shifts to South but budget travellers weigh on yields

Sri Lanka’s inbound tourism sector is witnessing a significant structural shift, as the international visitors increasingly bypass the traditional commercial hubs in favour of leisure destinations along the southern coast and hill country.

Sri Lanka tourism records 2% YoY growth in early December despite sharp monthly dip

Sri Lanka’s tourism industry recorded 70,023 international arrivals during the first 11 days of December 2025, marking a 2.0 percent year-on-year growth, compared to the 68,648 visitors recorded during the same period in 2024.

Ritz-Carlton Yacht Collection makes maiden call to Sri Lanka with Aitken Spence Travels

Aitken Spence Travels marked a significant milestone in the country’s tourism sector by handling the first-ever call of The Ritz-Carlton Yacht Collection to the ports of Colombo and Galle on December 14 and 15, 2025.

November remittances at US $ 673mn

Sri Lankans working abroad remitted a solid US $ 673.4 million in November 2025, an increase from US $ 530.1 million recorded in the same month of the previous year.

Private sector credit sets new monthly record

The credit extended to the private sector by the licensed commercial banks has continued to set monthly records in recent times, driven by the sustained demand amid a prevailing low-interest-rate environment.

US ambassador nominee says sticking to IMF reforms key to unlocking American investment

Eric Meyer, the nominee for United States Ambassador to Sri Lanka, has told a Senate panel that the island nation’s adherence to its International Monetary Fund (IMF) programme is critical for unlocking greater American investment.

LB Finance enters Philippines market leveraging successful regional model

LB Finance PLC (LBF), a premier non-banking financial institution (NBFI) controlled by billionaire businessman Dhammika Perera, has announced a strategic expansion into the Philippines.

Rajagiriya: A constrained market with high growth velocity

In 2024, Rajagiriya reaffirmed its position as one of the most constrained and high-potential suburbs in Colombo’s apartment market. With a 29.7 percent price increase year-over-year, rising from US $ 91 to US $ 118 per square foot from 2023 4Q to 2024 4Q, it outperformed other suburbs such as Battaramulla (21.9 percent), Malabe (7.5 percent) and Thalawathugoda (24.6 percent). Only Mount Lavinia showed a comparable rebound of 29 percent but with

Almas Holdings pledges Rs.225mn for flood relief and rebuilding

Almas Holdings (Pvt.) Ltd, a long-term investment holding company with interests in the capital market and real estate sectors, has pledged Rs.225 million to support flood relief and post-disaster rebuilding efforts, underscoring the growing private sector participation in the national recovery initiatives.

Yaden Laboratories contributes Rs.20mn to Rebuild Sri Lanka Fund

With its commitment to supporting the healthcare needs of the community, Yaden Laboratories (Pvt.) Ltd has donated Rs.20 million to the Rebuild Sri Lanka Fund, instantly stepping forward to support the nation rebuilding following Cyclone Ditwah.

More than Rs.11mn donated via GovPay to Disaster Relief Fund

More than Rs.11 million has been donated so far via GovPay to the Disaster Relief Fund established by the Finance Ministry, after the destruction faced by Cyclone Ditwah.