First Capital Holdings reports robust first half year performance with Rs.3.43bn PAT

First Capital Holdings PLC (the group), a subsidiary of JXG (Janashakthi Group) and a pioneering force in Sri Lanka’s investment landscape, announced a stellar performance for the six months ended September 30, 2025, recording a profit after tax (PAT) of Rs.3.43 billion, a substantial increase from Rs.897 million in the corresponding period of the previous year.

Emirates Group hits new half-year profit record for 2025-26

The Emirates Group announced a new record half-year financial performance, posting a profit before tax of AED 12.2 billion (US $ 3.3 billion) for the first six months of 2025-26, making this the fourth consecutive year of record profitability for the half-year reporting period.

SLIC General appoints Dr. Sameera Dharmasena as CEO

Sri Lanka Insurance Corporation General Limited (SLIC General) announced the appointment of Dr. Sameera Dharmasena as the new Chief Executive Officer, effective October 1, 2025.

Seeking growth in circularity, not consumption

Sri Lanka’s new economic vision is beginning to take shape, one that measures growth not merely by numbers but by how responsibly those numbers are achieved.

Hemas Consumer Brands sets national benchmark as JASTECA Awards’ Overall Winner

Hemas Consumer Brands (HCB) was honoured with the prestigious title of Overall Winner at JASTECA Awards 2025.

New Anthoney’s Farms invests further Rs.500mn in value-added product range

New Anthoney’s Group, a leading sustainable poultry producer in Sri Lanka renowned for its pioneering antibiotic-free HarithaHari chicken range, has announced a landmark Rs.500 million additional investment to expand its value-added product range, alongside the official launch of its premium product line Chicken Havens.

Treasury plays down debt repayment fears

As chatter grows over Sri Lanka’s ability to stay on course with its external debt repayments, the Treasury struck a note of confidence.

Tax experts say lower VAT threshold could strain market

The reduction of Sri Lanka’s Value Added Tax (VAT) and Social Security Contribution Levy registration thresholds from Rs.60 million to Rs.36 million per year is expected to have a significant impact on the market next year, according to KPMG Sri Lanka Head of Tax and Regulatory Suresh Perera.

BYD’s Denza drives into Sri Lanka with luxury lineup in South Asia debut

China’s electric vehicle (EV) giant BYD is setting its sights on Sri Lanka’s high-end automobile market with the official launch of its premium sub-brand Denza today, marking the brand’s first-ever entry into the South Asian region.

DFCC Bank September soars on higher loans, lower impairments

As the September quarter earnings season has entered its final stretch, DFCC Bank PLC reported some solid numbers for the three months, supported by the robust growth in new loans, higher fee incomes and lower impairments.

Indices continue to close in green

The ASPI closed in green as a result of price gains in counters such as Richard Pieris & Company, Dialog Axiata and DFCC Bank with the turnover crossing Rs. 8.2 Bn.

Secondary market yield curve holds steady ahead of bond auction

Ahead of the T-bond auction scheduled for November 13, 2025, the secondary market showed a slowdown in activity, although some buying interest re-emerged.

Apparel Brands Association welcomes Budget 2026

The Sri Lanka Apparel Brands Association (SLABA), representing all leading Sri Lankan apparel and fashion brands, enthusiastically welcomed the budget, which addresses the majority of the industry’s key requests to strengthen the domestic apparel ecosystem.

Mahindra Ideal Finance records 204% growth in PBT to Rs.477mn

Mahindra Ideal Finance Limited (MIFL) has delivered a strong growth in income and profits during the six months ended September 30, 2025 (H1 FY26), fuelled by a rapid expansion in its multi-brand vehicle financing portfolio.

Prime Lands Residencies reports 24% revenue growth, earnings jump 72%

Prime Lands Residencies PLC, Sri Lanka’s only listed and fully locally owned real estate company, reported a sharp rise in revenue and earnings for the quarter ended September 30, 2025.

Janashakthi Life soars 3Q with 249% surge in profits, 72% growth in new business premiums

Janashakthi Life, the flagship brand of JXG (Janashakthi Group) closed 3Q 2025 solidifying its performance and growth momentum as one of Sri Lanka’s fastest-growing life insurers.

St. Regis Packaging wins Presidential Environment Award

St. Regis Packaging (Pvt.) Ltd received the Presidential Award for Excellence in Environmental Sustainability at Presidential Environment Awards 2025, held recently at the BMICH, under the patronage of President Anura Kumara Dissanayake.

People’s Leasing & Finance unveils 111th branch in Eheliyagoda

People’s Leasing & Finance PLC (PLC), a leading non-bank financial institution and a subsidiary of People’s Bank in Sri Lanka, expanded its branch network by opening its 111th branch on November 4, 2025, at No. 44, Kelin Veediya, Eheliyagoda.

Allianz Lanka Contributes on Behalf of Customers for Every Motor and Travel Policy Purchased to Support Sri Lanka’s Biodiversity in Partnership with WNPS PLANT Initiative

Allianz Insurance Lanka Limited announced its partnership with the Wildlife and Nature Protection Society of Sri Lanka (WNPS) to support the Preserving Land and Nature (PLANT) initiative, a science-based conservation program dedicated to building forest corridors, restoring ecosystems, promoting biodiversity, and enhancing climate resilience.

Thimark Technocreations unveils special machine to remove debris blocking hydropower gates

Sri Lanka must become a nation that not only earns foreign exchange but also saves it, said Industries and Enterprise Development Minister Sunil Handunnetti, emphasising the need to take locally developed innovations to the global market.

Lanka Coffee Association hosts 4th AGM

The Lanka Coffee Association (LCA) held its fourth Annual General Meeting (AGM) yesterday at Waters’ Edge Hotel, Battaramulla.

Glomark unveils ‘ f.g Better Life’ philosophy

Softlogic Glomark announced a transformative launch, unveiling its new philosophy ‘f.g Better Life’ (A Better Life to Home), at an exclusive launch event at NH Collections Colombo.

UB Finance appoints Sabry Ghouse as Chairman

UB Finance PLC announced the appointment of experienced, veteran banker Sabry Ghouse as Chairman of the board of directors, with effect from November 6, 2025.

Dialog Enterprise powers Industry Expo 2025

Dialog Enterprise, the corporate solutions arm of Dialog Axiata PLC, concluded its role as the Title Sponsor of Industry Expo 2025, held in September 2025, at the Bandaranaike Memorial International Conference Hall in Colombo.

Sri Lanka-Korea Business Council holds 30th AGM

The Sri Lanka-Korea Business Council (SLKBC) of The Ceylon Chamber of Commerce held its 30th Annual General Meeting (AGM) with Ambassador of the Republic of Korea to Sri Lanka Miyon Lee gracing the event as the chief guest.

Remittances hit all-time high of US $ 712mn in October

Sri Lanka received its highest ever monthly income of US $ 712.0 million from the workers’ remittances in October, signalling that the country is in for a bumper year of income from the Sri Lankans working abroad.

September private credit hits Rs.236bn; highest on record

The licensed commercial banks extended a mammoth Rs.236.3 billion in new credit to the private sector in September 2025, marking a substantial 22.1 percent growth from a year earlier.

Tourism starts November with 13% growth

Sri Lanka’s tourism industry has recorded a solid start to the winter season, welcoming 61,890 visitors during the first nine days of November 2025.

ADB extends US $ 100mn support to deepen fiscal reforms, transparency in SL

The Asian Development Bank (ADB) has approved a US $ 100 million financing package to strengthen Sri Lanka’s macroeconomic resilience and reinforce its reform momentum as the country continues its recovery from the 2022 economic crisis.

CIC Holdings lifts quarterly profit on strong margins, diversified growth

Diversified conglomerate CIC Holdings PLC reported a solid performance in its second quarter of FY2025/26, with continued the topline growth and improved profitability despite the challenges stemming from the delayed Maha cultivation season.