SEC defers Colombo Dockyard suspension as India’s  Mazagon Dock set for takeover

Colombo Dockyard PLC (CDL) has secured a critical six-month extension on the trading of its shares, averting an immediate suspension as it finalises a strategic takeover by India’s Mazagon Dock

Govt. to retender prime Colombo 03 land following lease cancellation

The Cabinet of Ministers this week approved a proposal to invite fresh investment proposals for a high-value land plot at Perahera Mawatha, Kollupitiya, following the cancellation of a previous lease agreement

Govt. to secure US$ 200mn ADB loan for Mahaweli Water Security Investment Programme

The Cabinet of Ministers this week approved a proposal to enter into a loan agreement with the Asian Development Bank (ADB) to secure US$ 200 million for the implementation of the second stage of the

Cargills Bank to raise Rs. 2.5bn via Rights to fuel lending growth

Cargills Bank PLC has announced plans to raise approximately Rs. 2.5 billion through a Rights Issue to expand its lending activities and strengthen the capital base. The Board of Directors resolved on

ComBank tops Business Today’s Top 40 Rankings for 2024–25

The Commercial Bank of Ceylon has been ranked No. 1 in the Business Today Top 40 for 2024–25, securing an aggregate score of 37.65 to lead the ranking of Sri Lanka’s top listed enterprises.

Market maintains moderate activity whilst T-Bond acceptances fall short

The secondary market remained subdued yesterday as investor engagement remained limited with some selling sentiment, amidst moderate trading volumes.

Positive momentum continues

The ASPI closed in green as a result of price gains in counters such as Colombo Dockyard, Ceylinco Holdings and Central Finance Company with the turnover crossing Rs. 5.5 bn.

BOC-SLIM introduce Multi Currency Travel Card to marketing professionals

Bank of Ceylon (BOC) has joined hands with the Sri Lanka Institute of Marketing (SLIM) to introduce the BOC Multi-Currency Travel Card, free of charge for SLIM members who travel frequently for professional

Phoenix Ogilvy recognised for HR excellence at Great HR Awards 2025

Phoenix Ogilvy has been recognised for its human resource practices in the media and advertising sector at Great HR Awards 2025, held recently at Cinnamon Life.

KPMG webinar on Sri Lanka tax incentive regimes today

KPMG Sri Lanka is hosting a complimentary webinar titled ‘Tax Incentive Regimes in Sri Lanka – Port City, SDP & BOI Incentive Regimes’ on today at 3:00 p.m., featuring experts Suresh Perera and Rifka Ziyard of

ChildFund Sri Lanka mobilises emergency response

Sri Lanka is confronting one of its most devastating flood emergencies in recent history, with more than 1.1 million people seeking refuge in over 1,500 safety centres nationwide. The disaster has claimed 355 lives,

Seylan Cards introduces exclusive seasonal offers

Seylan Cards is bringing the heartfelt magic of Christmas to life with exclusive seasonal offers, exciting rewards and a chance to win the latest iPhone 17 Pro every week.

Third Shift Media takes Sri Lanka back to Campaign Asia podium

Third Shift Media, one of Sri Lanka’s leading independent media agencies, has once again secured regional recognition at Campaign Asia Awards 2025 in Mumbai, winning Silver and the highest honour

BYD dominates EV space with top-notch technology & global expansion

In recent years, the worldwide shift to electric vehicles has been one of the most prominent trends in the automobile industry.Environmental factors have driven the growth of zero-emission vehicle technology, and the popularity of cleaner and more environmentally friendly electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) has increased.

Insurance payouts kick off as Cyclone Ditwah leaves trail of destruction

The insurance companies in Sri Lanka have mobilised swiftly to provide relief following the devastation caused by Cyclone Ditwah, with the authorities confirming that the compensation payments for minor property damage have already begun.

Hemas listed in Forbes’ Top 200 Under a Billion in Asia for 2025

Hemas Holdings PLC has been recognised among Forbes Asia’s 200 Best Under a Billion companies for 2025, ranking as one of the region’s top-performing organisations.

27th Presidential Export Awards Ceremony today

The 27th Presidential Export Awards (PEA) Ceremony, organised by the Sri Lanka Export Development Board (EDB), is all set to kick off today at the Bandaranaike Memorial International Conference Hall, under the patronage of President Anura Kumara Dissanayake.

Hela secures in-principle bank approval for debt restructure

Hela Apparel Holdings PLC announced on December 9, 2025 that it has secured the in-principle approval from all its banking partners for a debt restructuring proposal, a critical milestone in the group’s efforts to stabilise its financial position.

HNB honoured as Bank of the Year Sri Lanka 2025

HNB PLC has been awarded the prestigious Bracken Award as the Bank of the Year Sri Lanka 2025 by The Banker Magazine UK.

Positive momentum continues with turnover surpassing LKR 6 Bn

The ASPI closed in green as a result of price gains in counters such as Colombo Dockyard, Hatton National Bank and Sampath Bank with the turnover crossing Rs. 6.2 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in John Keells Holdings, Central Finance Company, and Sunshine Holdings. Mixed interest was observed in Colombo Dockyard, Sierra Cables and Tokyo Cement

BOC Chennai branch celebrates three decades of financial partnership

Bank of Ceylon (BOC) marks the 30th anniversary of its Chennai branch recently, celebrating three decades of cross-border cooperation, trust, and shared economic progress between Sri Lanka and India.

Market holds steady ahead of today’s T-bond auction

The secondary market remained subdued yesterday as investors adopted a wait-and-see approach ahead of today’s bond auction, which also marks the first bond auction following the recent severe weather-related disruptions in the country.

PIBT celebrates 20th anniversary; Strengthens partnership with Greenwich University

The Pioneer Institute of Business and Technology (PIBT) hosted a press conference on 18th November at the Cinnamon Grand Hotel, Colombo, to announce its 20-year journey in higher education and to celebrate the continued strengthening of its long-standing academic partnership with the University of Greenwich, UK.

Seylan Bank ATMs allow withdrawing cash in preferred currency mixes

Seylan Bank continues to offer customers control and ease in their daily bankingthrough its wide network of Automated Teller Machines (ATMs), Cash Deposit Machines (CDMs), and Cheque Deposit Kiosks (CDKs). Among the services offered to customers is the ability toselect their preferred cash note denominations.

DFCC Credit & Debit cards introduce practical savings and flexible support for year-end spending

DFCC Bank has introduced a range of practical credit and debit card benefits designed to ease financial pressure while still giving families the chance to experience the season’s warmth. With up to 70 percent savings across supermarkets, healthcare, education, retail, and online services, DFCC Credit and Debit Cards aim to help customers manage essential spending with stability, flexibility, and a touch of cheer amidst a challenging period.

Browns’ General Trading honours outstanding dealer performance

Browns General Trading recently recognised the exceptional efforts of its valued dealer network in the Colombo region in promoting its portfolio of leading global brands; Makita, Eclipse, Tailin, JK, Firman, Juba and Lion. The event saw a gathering of over 150 dealers, serving as a platform to honour excellence in performance, fortify connections and reaffirm Browns’ long-term commitment to fostering its dealer ecosystem.

NDB Bank partners with Women’s Blind Organisation in support of International White Cane Day

National Development Bank PLC (NDB Bank) has partnered with the Women’s Blind Organisation of Sri Lanka in support of the International White Cane Day 2025, an event dedicated to recognising and empowering visually impaired women across the country.

MullenLowe Sri Lanka claims Gold as ‘Rest of South Asia’s Creative Agency of the Year’

MullenLowe Sri Lanka has been awarded Gold as Rest of South Asia’s Creative Agency of the Year at the Campaign Agency of the Year Awards 2025, held recently at the ITC Maratha Hotel in Mumbai. The recognition marks a defining moment in a year shaped by breakthrough ideas, ambitious brands and a renewed surge in economic activity across the country.

People’s Bank secures top accolades at South Asian Business Excellence Awards 2025

People’s Bank was recognised with two prestigious titles—Best Bank in the Public Banking Sector and Sustainable Bank of the Year in the Public Banking Sector—at South Asian Business Excellence Awards 2025 (SAPS), held recently at Cinnamon Life – City of Dreams, Colombo.

Barista launches E-gift voucher platform, making gifting easier than ever

Barista Sri Lanka has announced the launch of its latest digital innovation: Barista E-Gift Vouchers, now available exclusively at www.baristagifts.lk.