ASPI gains after five consecutive days of losses

The ASPI closed in green as a result of price gains in counters such as Sampath Bank, Richard Pieris & Company and Bukit Darah with the turnover crossing Rs. 3.4 bn.

No provisions for taxing cryptocurrencies in Budget 2026, says tax expert

The 2026 national budget does not have any provisions for the taxing of cryptocurrency and other areas which are not being taxed, said KPMG Sri Lanka Head of Tax and Regulatory Suresh Perera.

ComBank cards offer discounts up to 70% this festive season

Demonstrating its commitment to giving customers the very best offers throughout the year, Commercial Bank of Ceylon is kicking off the festive season with its biggest card promotion of the year, offering

CBSL declares 22 companies and apps as prohibited pyramid schemes

The Central Bank of Sri Lanka (CBSL) has officially identified and declared 22 companies and mobile applications as prohibited pyramid schemes, under Section 83(C) of Banking Act No. 30 of 1988, as

HNB wins Best Corporate Citizen Sustainability Award 2025

Hatton National Bank (HNB) won the coveted Best Corporate Citizen Sustainability Award 2025 at the 22nd Best Corporate Citizen Sustainability (BCCS) Awards, organised by The Ceylon Chamber of

Oxford College of Business among Ten Best Integrated Reports

Oxford College of Business has reaffirmed its leadership in governance excellence with its annual report 2024/2025 titled ‘Lasting Change’ being adjudged one of Sri Lanka’s Ten Best Integrated Reports at CMA

High-powered CEO Forum to lead discussions at IBSL’s National Banking and Finance Conference 2025

The Institute of Bankers of Sri Lanka (IBSL) is gearing up for National Banking and Finance Conference 2025, a landmark event that will bring together key leaders from across the country’s banking and financial

Shell Lubricants Sri Lanka-Daraz enhance customer accessibility and convenience

Shell Lubricants Sri Lanka, distributed exclusively by Delmege Forsyth Energy, a subsidiary of the Delmege Group, has officially joined hands with Daraz, the country’s leading e-commerce platform, to

First Capital secures Silver at SLIM Brand Excellence 2025

First Capital Holdings PLC, a pioneering investment institution within JXG (Janashakthi Group), has been awarded the Silver award for Service Brand of the Year at SLIM Brand Excellence Awards 2025, standing

Seylan Bank partners Colombo Motor Show 2025

Seylan Bank PLC has once again joined hands with the Colombo Motor Show as the Official Banking and Leasing Partner for the eighth consecutive year, continuing its long-standing association with the country’s

Understanding listed sustainability bonds and how Bank of Ceylon positions itself for a changing capital market

Sustainability is reshaping global finance, tremendously. Over the past, sustainable bonds have become a defining feature of responsible investment, bridging the gap between capital markets and long-term environmental and social goals.

SEC warns rogue market influencers

The capital market regulator, the Securities and Exchange Commission (SEC), yesterday sounded its sternest warning yet, as a new breed of self-styled “market gurus” tighten their grip on social media.

Sri Lanka hits 17,000 annual IT graduate target as industry turns focus to AI upskilling

Sri Lanka has successfully bridged its long-standing gap in IT graduate numbers, with the annual supply now reaching approximately 17,000, according to top industry official Shehani Seneviratne.

Investment threshold cut to unlock SME capital allowances

The small and medium-sized enterprises (SMEs) would qualify for full capital allowances under a proposal to cut the investment threshold to US $ 250,000, from US $ 3 million, an Inland Revenue Department (IRD) official said. At a KPMG Sri Lanka forum on Budget 2026, IRD Senior Commissioner A.M. Nafeel said the change aims to spur investment by smaller firms. He added that the government remains confident of meeting its 2026 tax target, driven lar

Real estate demand surge translating to strong sales: John Keells Properties

Sri Lanka’s real estate sector is seeing an acceleration in demand, which is now successfully transforming into concrete sales and delivering strong returns for investors, according to John Keells Properties.

Indices close in red

The ASPI edged down as a result of price losses in counters such as Commercial Bank, Dialog Axiata and Colombo Dockyard with the turnover crossing Rs. 3.8 Bn. Meanwhile, the S&P SL20 closed in red. High net worth and institutional investor participation was noted in CIC Holdings, Vallibel One and Hemas Holdings. Mixed interest was observed in John Keells Holdings, Sampath

Low-grown teas lift October output

Ceylon Tea production rose slightly in October, supported by the gains in the low-grown sector, although the overall output remained below 2023 levels, the data from Forbes & Walker Research showed on Thursday.

Mixed sentiment meets steady continuation

Similar to the previous day, the secondary market depicted mixed sentiment with moderate trading volumes, with the yield curve remaining steady.

Policybazaar expands global footprint with tech-led reinsurance entry into Sri Lanka, Qatar, Oman, UAE

Policybazaar.com, one of India’s largest insurance platforms, has announced the launch of its reinsurance operations in Sri Lanka, Qatar, Oman, and the UAE.

EXCON Construction Fair to be held in Bangalore this December

South Asia’s largest International Construction Equipment and Technology Trade Fair EXCON 2025 is scheduled to be held from 9th - 13th December at Bangalore International Exhibition Centre - BIEC in Bengaluru, India. It is expected to host over 1,250 exhibitors, attracting more than 80,000 business visitors from India and over 20 participating countries, including Sri Lanka.

National Budget 2026 under spotlight at EY’s annual Post-Budget Discussion

Ernst & Young (EY) Sri Lanka successfully hosted its annual Post-Budget Discussion 2026 on November 7, at the Shangri-La Colombo, bringing together senior government officials, policymakers, and business leaders from across the country to analyse the key highlights and implications of the National Budget 2026.

CMA Sri Lanka Excellence in Integrated Reporting Awards 2025 concludes on high note

The Institute of Certified Management Accountants of Sri Lanka (CMA Sri Lanka) together with its Strategic Partner Colombo Stock Exchange hosted the 11th Annual CMA Excellence in Integrated Reporting Awards 2025 on November 17, at the Hotel Cinnamon Life.

UNDP and Hirdaramani Apparel sign MOU to launch next phase of home gardens initiative

The United Nations Development Programme (UNDP) and Hirdaramani Apparel have officially signed a Memorandum of Understanding (MOU) to launch the second phase of the collaborative Integrated Backyard Poultry and Market Development project, under UNDP’s Private Sector Giving Facility.

SDF sustains strong growth momentum in 1H 2025/26

Sarvodaya Development Finance PLC (SDF) has sustained its trajectory of robust financial growth and purpose-driven performance during the first six months of the financial year 2025/26, reinforcing its position as one of Sri Lanka’s fastest-growing licensed finance companies.

Health authorities eye phased return of sugar tax as ‘silent killer’ claims 1 in 4 adults

Sri Lankan health authorities are currently in negotiation with the Treasury to reintroduce the sugar tax in a “phased-out manner”, a move pitched as a critical intervention to save the country’s crumbling public health infrastructure from an escalating diabetes epidemic.

Evolution Auto opens flagship multi-brand EV showroom

Evolution Auto announced the grand opening of its multi-brand electric vehicle (EV) showroom in Bambalapitiya. The showroom was designed to provide the customers with a premium, seamless experience while exploring and purchasing EVs.

Rebuilding Trust: Why Discipline and Transparency Must Anchor Sri Lanka’s Financial Future

Predictable, rules-based market engagement is essential for long-term investor confidence because it creates consistent signaling; investors can understand why yields move, which strengthens trust in the system. For a primary dealer, discipline means bidding and trading based on research, macro perspectives and predefined risk limits rather than reacting to market noise or emotion.

Visa and ComBank leading next evolution in digital payments in Sri Lanka

Commercial Bank of Ceylon PLC is making history as the first bank in the country to collaborate with Google and Visa, a global leader in digital payments, to enable Google Pay for its cardholders as part of the Google Wallet launch.

Pan Asia Bank signs up with Hayleys Mobility to finance new age SUVs

Pan Asia Banking Corporation PLC has signed a Memorandum of Understanding with Hayleys Mobility Limited, the mobility arm of Hayleys Fentons Limited.

DFCC Bank marks 100th Financial Literacy Programme for migrant employees

DFCC Bank’s 100th Financial Literacy Programme was marked at the bank’s Kurunegala Branch recently. For years, the Bank has been running sessions that teach budgeting, saving, and responsible remittance practices. The idea is simple: help Sri Lankans abroad manage their income with confidence, and help their families back home turn that income into opportunity.