Private sector drives rapid recovery post-cyclone helping restore investor confidence: Treasury Secretary

Sri Lanka’s business community is emerging as a key force in the country’s recovery from Cyclone Ditwah, with corporate contributions and swift infrastructure measures helping restore economic activity and investor confidence. Over the past few days, more than Rs. 300 million have been donated in 19,000-plus transactions, according to Treasury Secretary Dr. Harshana Suriyapperuma.

WB calls for bold four-pillar reforms to drive SL’s growth surge

The World Bank has handed Sri Lanka a sharply defined economic reform recipe, a four-pillar blueprint aimed at dragging productivity out of a two-decade decline and steering the country from fragile stabilisation to durable, investment-driven growth.

Reform momentum is real but must hold steady: EDOTCO Chief tells SL

Sri Lanka’s reform push is beginning to show real traction, but the window to convert that momentum into long-term, inclusive growth will only remain open if the country keeps its course steady, EDOTCO Group Chairman Kenneth Shen told the Sri Lanka Economic and Investment Summit 2025 yesterday.

Cabinet clears first step towards e-invoicing for VAT businesses

Sri Lanka has taken its first step toward a long-delayed shift into electronic invoicing, with the Cabinet approving a crucial upgrade to the Inland Revenue Department’s (IRD) digital backbone.

Hemas Holdings announces board-level leadership changes

Hemas Holdings PLC yesterday announced upcoming changes to its director board, reflecting the Group’s commitment to strong governance and a seamless leadership transition.

Indices bounce back

The ASPI closed in green as a result of price gains in counters such as Richard Pieris & Company, Ceylinco Holdings and Sampath Bank with the turnover crossing Rs. 4.0 bn.

Trading appears limited as uncertainties linger

Owing to the persistence of uncertainties triggered by adverse weather conditions, the secondary market witnessed yet another day of limited activity yesterday.

SkiPod Manufacture brings sports simulation manufacturing to Sri Lanka

SkiPod Manufacture, involved in the research, design, manufacturing and exporting of advanced sports simulators and lifestyle products, with a particular emphasis on its flagship product SkiPod, recently signed an agreement with Sri Lanka’s Board of Investment (BOI) to set up a manufacturing facility, with phase one valued at US $ 3 million. The investment is facilitated by the Continam group, which operates from New York and Colombo.

Sierra Cables delivers strong 6-month performance

Sierra Cables PLC, a subsidiary of Browns Investments (the strategic investment arm of the LOLC group), announced a robust financial performance for the first half of the 2025/26 financial year, reflecting a period of strengthened business fundamentals, operational discipline and continued expansion across international markets. For the six months ended September 30, 2025, the group recorded a revenue of Rs.7.51 billion, a significant increase f

People’s Leasing & Finance plans Rs.15bn debenture issue

People’s Leasing & Finance PLC said its board has approved a proposal to raise up to Rs.15 billion through a listed, rated debenture issue, adding a fresh funding instrument to its capital structure.

Colombo Dockyard delivers Misje Sakura to Norway

Colombo Dockyard PLC (CDPLC) delivered the nineth vessel of the 5000 DWT Eco Bulk Carrier series, named Misje Sakura, to Misje EcoBulk AS of Norway, well ahead of the contractual delivery date, marking completion of yet another milestone in this successful long-term collaboration.

ComBank Shakthi extends reach to customers

Commercial Bank of Ceylon has taken another decisive step in its customer convenience journey with the launch of its agency banking operations branded ComBank Shakthi.

SLT-Mobitel launches free ‘247 Helpline’ to support flood-affected communities

Caring for communities affected by the aftermath of Cyclone Ditwah, SLT-Mobitel has introduced the free ‘247 Helpline’, in collaboration with the University of Colombo, offering round-the-clock medical advice.

Telecom operators, partners accelerate connectivity restoration after Cyclone Ditwah

Sri Lanka’s national telecommunication operators, in close coordination with the government authorities, are intensifying round-the-clock recovery efforts to reconnect the communities battered by severe flooding and landslides triggered by Cyclone Ditwah since November 27.

Binance contributes Rs.61.6mn for flood relief in Sri Lanka

In response to the devastating impact of Cyclone Ditwah, which has triggered severe rains and flooding across Sri Lanka, Binance Charity, the philanthropic arm of the global blockchain leader Binance, has pledged Rs.61.6 million (US $ 200,000) to support the urgent humanitarian and early-recovery efforts.

TikTok launches guide to combat misinformation during floods in Sri Lanka

TikTok has announced the launch of a new search guide designed to help the users in Sri Lanka access authoritative and up-to-date information during the ongoing floods after cyclone Ditwah.

CEAT Kelani dealers tour Singapore and Thailand

Top-performing CEAT Kelani dealers were rewarded with all-expenses-paid tours to Singapore and Thailand recently, as Sri Lanka’s leading tyre brand celebrated exceptional sales achievements with a fusion of business recognition and world-class leisure under its 2025 Travel with CEAT rewards programme.

Cargills’ Heart for the Nation programme supports flood-affected communities

Cargills has once again extended its support to the people of Sri Lanka in a time of national hardship, stepping forward to assist the families affected by the recent floods through its Heart for the Nation programme.

Uber commits Rs.65mn to support Cyclone Ditwah-impacted communities

Uber Sri Lanka yesterday announced a partnership with the Sri Lanka Red Cross Society to support relief and recovery efforts for communities affected by Cyclone Ditwah. As part of this initiative, Uber is contributing approximately Rs.65 million towards emergency relief, combining funds for essential supplies, mobility support and grocery access for affected families.

Cyclone Ditwah estimated to cost economy up to Rs.320bn as national balance sheet takes a hit

Sri Lanka faces a potential economic loss ranging between Rs.210 billion and Rs.320 billion, following the devastation of Cyclone Ditwah, with the experts warning the event represents a major shock to the national balance sheet rather than a localised natural disaster.

Floods threaten to derail fragile export recovery: NCE cautions

The local export fraternity, already steering through a delicate economic recovery, is now grappling with fresh disruption, with the floods across the island halting production cycles and threatening the country’s hard-won market access, the National Chamber of Exporters (NCE) cautioned yesterday.

Colombo prices in November rose 2.1%

The consumer prices in the Colombo district rose by 2.1 percent in the 12 months through November 2025, unchanged from the levels seen in October, as both food and non-food prices eased.

WindForce-CEB sign SPPA for 5MW floating solar venture

WindForce PLC yesterday announced the signing of a Standard Power Purchase Agreement (SPPA) with the Ceylon Electricity Board (CEB) for one of the country’s most ambitious floating solar ventures to date.

Secondary market sees limited volumes as investors adopt wait-and-see stance

The secondary market recorded subdued activity yesterday, with the investors predominantly remaining on the sidelines as they appeared to assess the potential implications of the adverse weather conditions affecting the country.

Dec begins in red

The ASPI closed in red as a result of price losses in counters such as CAL 5-year Closed-End Fund, Industrial Asphalts and Kandy Hotels Company with the turnover crossing Rs. 5.2 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Access Engineering, Hatton National Bank and Hemas Holdings. Mixed interest was observed in Sampath Bank, Commercial Bank and Tokyo Cement Company

Lanka Realty Investments executes strategic pivot as financials rebound

Lanka Realty Investments PLC (LRI) has signalled a definitive shift in corporate strategy, moving away from capital-intensive greenfield developments to focus on asset management and joint ventures.

InsureMe lists on CSE; marks milestone in digital insurance evolution

InsureMe was listed on the Colombo Stock Exchange (CSE), marking a new chapter in its growth journey as the nation’s first insurance intermediary to go public.

Amana Bank opens 40th Self Banking Centre in China Fort

Amana Bank has further expanded its banking footprint with the opening of its 40th Self Banking Centre (SBC) in China Fort, Beruwala.

Assetline Finance asset growth nears 40% in 1H 2025/26

Assetline Finance Limited reported a strengthened and increasingly resilient first-half performance for FY2025/26, with significant gains in asset growth, income enhancement, and core profitability for the six months ended 30 September 2025.

Sampath Bank partners with DIMO to offer exclusive vehicle financing benefits

Sampath Bank PLC recently signed a Memorandum of Understanding (MoU) with DIMO, unveiling an exclusive vehicle financing scheme designed to enhance the ownership experience for DIMO customers.