Colombo Fort Land & Building PLC divests 49.27% York Arcade holding to Lankem Ceylon

Colombo Fort Land & Building PLC announced it sold its 49.27 percent equity stake in York Arcade Holdings PLC to Lankem Ceylon PLC, a fellow subsidiary within the group, as part of an internal strategic restructuring.

Cargills Bank posts Rs.313mn profit for 9 months as loan book expands 31%

Cargills Bank PLC reported a profit after tax of Rs.313 million for the nine months ended September 30, 2025, marking an increase of Rs.155 million compared with the same period in 2024.

Hayleys proceeds with mandatory offer for Harischandra Mills as acceptance period opens

Hayleys PLC, the diversified conglomerate controlled by billionaire businessman Dhammika Perera, has formally dispatched the offer document to the shareholders of Harischandra Mills PLC, marking the official commencement of the acceptance period for its mandatory offer.

Yield curve holds steady amid low volumes

The secondary market began the week with subdued trading volumes, leading to a generally stable yield curve, which showed little movement over the period.

Sri Lanka to host ‘TiECON 2026’ Entrepreneurship Summit

Sri Lanka’s business landscape is set for a defining moment with the launch of TiECON Sri Lanka 2026. The island’s premier entrepreneurship summit designed to connect Sri Lankan innovation with global opportunity. Organized by TiE Colombo, this landmark event will bring together entrepreneurs and intrapreneurs, policy makers and educators, visionaries, innovators, global business leaders, private equity and venture capital professionals, along w

Cargills ‘Village to Home’ programme empowers rural entrepreneurs

Cargills recently hosted the fourth annual Village to Home training programme at its Head Office premises, bringing together 58 small business owners, including participants from the Northern Province.

Seylan Bank crowned ‘Best Bank for Customer Experience 2025’ by Euromoney

Seylan Bank has been named Best Bank for Customer Experience 2025 by Euromoney. This marks the first time a Sri Lankan bank has received this accolade, reinforcing Seylan’s position as a pioneer in customer-centric banking.

People’s Bank partners digital ticketing initiative

People’s Bank, in collaboration with the Ministry of Transport, Highways and Urban Development, has launched a groundbreaking initiative that marks a significant milestone in Sri Lanka’s journey toward a fully digital public transport ecosystem.

Sampath Bank leads National Transport Modernisation through New Digital Fare System

Sampath Bank PLC is advancing a major national milestone through the commencement of the pilot phase of Sri Lanka’s Bus Fare Digitalisation Project, implemented in collaboration with Ceylon Business Appliances (Pvt) Ltd and Nimbus Venture (Pvt) Ltd.

Sri Lanka attends CII Partnership Summit 2025 in Visakhapatnam

The Ceylon Chamber of Commerce, together with the Indo-Lanka Chamber of Commerce & Industry (ILCCI) led a high-level Sri Lankan business delegation to the CII Partnership Summit 2025 held in Visakhapatnam, Andhra Pradesh.

ComBank celebrates pensioners with dedicated event in Gampaha

The Commercial Bank of Ceylon reaffirmed its commitment to the welfare of senior citizens by organising a dedicated day to celebrate and honour pensioners.

SLIM hosts Sri Lanka’s first-ever World Marketing Forum 2025

Marking a defining milestone for Sri Lanka’s marketing and business community, the Sri Lanka Institute of Marketing (SLIM) successfully hosted the World Marketing Forum (WMF) 2025, held for the first time in the country from November 11 to 16.

Elephant House Ice Cream crowned ‘Brand of the Year’ at SLIM Awards

Elephant House Ice Cream was crowned ‘Brand of the Year’ at SLIM Brand Excellence Awards 2025 held recently. The ceremony, held on November 13, marked a defining moment for the brand as it reaffirmed its category leadership, deep-rooted consumer trust, and enduring legacy in Sri Lankan households.

Cenmetrix marks 20 years of innovation in digital identity and access mgt.

Celebrating two decades of innovation, Cenmetrix has emerged as a pioneer in Sri Lanka’s digital identity and access management landscape — a company whose technologies continue to redefine how organizations manage identity, security, and efficiency.

Shan Meemanage receives Fellowship from CIM, UK

Shan Meemanage, Chairman of Dutch Trails, has been awarded a Fellowship (FCIM) from the Chartered Institute of Marketing (CIM), United Kingdom.

SriLankan Airlines Riyadh showcases warmth of Sri Lanka

SriLankan Airlines Riyadh recently hosted a special familiarisation tour, extending warm island hospitality to a selected group of leading leisure agents.

BOC joins National Transport Digitalisation initiative

The Bank of Ceylon took part in the launch of Sri Lanka’s latest public transport digitalisation initiative, at the Makumbura Multimodal Transport Centre.

Unit trust industry assets swell 16% to Rs.603bn as investor appetite grows

The unit trust industry in Sri Lanka has recorded a robust performance, with assets under management (AUM) expanding by 16.0 percent year-on-year to reach Rs.603 billion by the end of October 2025.

September credit card debt rises by Rs.1.5bn

​Spending by credit card holders continued to rise through September, although at a slower pace compared to a month ago, while the number of new cards issued by banks rose to nearly 15,000.

NSB group pre-tax profit up 30% to Rs. 34.8bn in 3Q

National Savings Bank (NSB) Group has reported a profit before tax (PBT) of Rs. 34.8 billion for the nine months ended September 30, 2025, marking a 30 percent increase compared to the previous year.

National consumer prices accelerate to 2.7% in October

Consumer prices, measured by the National Consumer Price Index (NCPI), rose to 2.7 percent in the 12 months ending October 2025, accelerating from 2.1 percent in September, driven by increases in both food and non-food categories.

Sri Lanka returns to domestic dollar debt market with new bond issuance for local banks

The government announced its return to the domestic dollar debt market with an offering of US$ 50 million in ‘Domestic Dollar Bonds’ (DDBs), marking a strategic shift from the previously used Sri Lanka Development Bonds (SLDBs).

Rank Container Terminals to invest Rs. 1bn in HIP’s inspection yard

Rank Container Terminals (Pvt) Ltd (RCT) has entered into a partnership with Hambantota International Port Group (HIPG) to develop a dedicated Container Cargo Inspection Yard within the port premises, with an investment of Rs. 1 billion.

Tea Smallholders Development Authority Chairman to assume Chairmanship of Asian Tea Alliance

Tea Smallholders Development Authority (TSHDA) Chairman Nimal Udugampola is to take up the Chairmanship of the Asia Tea Alliance (ATA) for the 2026-2027 time period.

Solar Booze sweeps Service and Performance Excellence Awards

Solar Booze (Pvt.) Ltd has emerged as one of Sri Lanka’s most recognised renewable energy companies in 2025, celebrating two prestigious awards on both international and national platforms.

Metropolitan opens new Kandy MCentre

Metropolitan Technologies (Pvt.) Ltd recently unveiled its relocated and newly designed Metropolitan MCentre showroom in Kandy.

Janashakthi Life shines at SLIM NSA Awards 2025

Janashakthi Life, emerged proudly at SLIM National Sales Awards (SLIM NSA) 2025, Sri Lanka’s most prestigious platform dedicated to recognising the country’s most outstanding sales professionals.

Halal Council wins Merit at Sri Lanka National Quality Awards

The Halal Assessment Council (Guarantee) Limited (HAC) has been recognised with a Merit award at Sri Lanka National Quality Awards 2023 — the country’s most prestigious recognition for organisational excellence, conducted by the Sri Lanka Standards Institution (SLSI).

Sri Lankan delegation wraps up high-impact trade and investment mission in Canada

A Sri Lankan business delegation, organised by the Sri Lanka-Canada Business Council (SLCBC) of The Ceylon Chamber of Commerce, with the support from the Canada-Sri Lanka Business Convention (CSLBC), Canadian High Commission in Sri Lanka and High Commission of Sri Lanka in Canada, concluded a trade and investment mission in Canada from October 28 to November 14, 2025.

Lanka Milk Foods introduces ‘Suddhi’ fresh milk

Lanka Milk Foods (CWE) PLC (LMF) introduced ‘Suddhi’ fresh milk, a product that goes beyond delivering nutrition to households.