Sri Lanka needs to move away from public underinvestment, says Deloitte SL and Maldives

Sri Lanka needs to overcome the issue of underspending that has taken place in the recent past, as it is looking at a very ambitious programme of capital expenditure for next year, said Deloitte Sri Lanka and Maldives Head of Risk and Transactions Strategy Ruvini Fernando, at a recent post-budget discussion.

Week begins in green

Indices closed in green as a result of price gains in counters such as Hatton National Bank, Sampath Bank and Commercial Bank with the turnover crossing Rs. 7.5 Bn. High net worth and institutional investor participation was noted in ACL Cables, Renuka Foods and Laugfs Gas. Mixed interest was observed in Renuka Agri Foods, Colombo Dockyard and Bogala Graphite Lanka whilst retail interest was noted in SMB Leasing, Citrus Leisure and Industrial Asp

David Pieris Aviation charts a new era in domestic air travel

David Pieris Aviation (Private) Limited continues to strengthen its presence in Sri Lanka’s domestic aviation sector, following the receipt of its Air Operator Certificate and Operations Specifications from the Civil Aviation Authority of Sri Lanka recently.

Buying momentum drives yields lower across board

As the secondary market opened for the first time since the unveiling of the budget for 2026, the investors demonstrated acute buying interest, pushing the yield curve down across the board.

Brand Finance ranks Bank of Ceylon as Sri Lanka’s Most Valuable Brand in 2025

When Brand Finance Lanka announced its rankings for 2025, Bank of Ceylon (BOC) returned to the top as Sri Lanka’s Most Valuable Brand. The title carries significance beyond prestige. It showcases how an institution is perceived, how it manages its responsibilities and how its identity connects with both customers and the wider public.

Macksons Solar sets new benchmark with largest rooftop installation in Sri Lanka

In a landmark move for Sri Lanka’s renewable energy sector, Macksons Solar, in collaboration with Macktiles, unveiled the country’s largest rooftop solar project at the Macktiles Lanka (Pvt.) Ltd factory complex in Bandaragama.

Bronze Award of Commendation at Presidential Environmental Awards 2025

Micro Electric International (Pvt.) Ltd Chairman Dhammika Samarawickrama accepts the Bronze Award of Commendation at Presidential Environmental Awards 2025 in the metal nonferrous/machinery/electronic/electrical goods and equipment-related industry from Environmental Ministry Secretary K.R. Uduwawala.

Data Protection Authority announces new leadership positions to set up secretariat

With the recent unanimous adoption of the Personal Data Protection (Amendment) Bill in Parliament, the Data Protection Authority of Sri Lanka (DPA), established under Personal Data Protection Act No. 9 of 2022 (PDPA), announced several new career opportunities, including the post of director general.

Bosch completes 10 years in Sri Lanka

Bosch, a leading global supplier of technology and services completed 10 years of its operations in Sri Lanka. Under the theme ‘Transforming a Decade. Inspiring the Future’, Robert Bosch Lanka (Pvt.) Ltd celebrated a journey of innovation and impact, in the presence of Bosch’s regional leadership, government representatives, business partners and academia.

Hong Kong’s SiS Int’l invests in controlling stake in Gestetner of Ceylon

SiS International Holdings Limited recently invested in a controlling interest in Gestetner of Ceylon PLC, a leading player in the office automation sector in Sri Lanka, through World Elite Limited, one of its Hong Kong-based subsidiaries.

CCC urges fast reforms to translate Budget 2026 into growth

The Ceylon Chamber of Commerce (CCC), Sri Lanka’s largest private sector representative, welcomed National Budget 2026, describing it as a blueprint of policy stability, fiscal consolidation and disciplined debt management that continues the trajectory needed for the country’s medium-term reform agenda.

Budget 2026 signals export growth focus; policy clarity key to success: JAAF

Budget 2026 has earned cautious praise from the apparel industry, which sees it as a step in the right direction towards rebuilding the export strength and investor confidence. However, this is provided the government follows through with consistent implementation.

Hemas posts 37% jump in quarterly profit on strong consumer demand, lower finance costs

Hemas Holdings PLC delivered another quarter of resilient performance in the three months ended September 2025, posting a 36.6 percent year-on-year (YoY) surge in earnings to Rs.2.1 billion.

ADB approves US $ 100mn to strengthen financial stability in SL

The Asian Development Bank (ADB) has approved a US $ 100 million loan to address the complex and challenging structural reforms in Sri Lanka’s financial sector, through better governance, continued policy reforms and enhanced financial inclusion.

Galadari Hotels to pump US $ 48.5mn into Colombo property upgrade

Galadari Hotels (Lanka) PLC is set to significantly boost its investment in refurbishing the landmark Galadari Hotel in Colombo, increasing the planned spend from US $ 33.5 million to US $ 48.5 million.

Bank of Ceylon plans Rs.10bn Basel III-compliant sustainability bond issue

Bank of Ceylon (BOC) announced it would raise up to Rs.10 billion through the issuance of Basel III-compliant, Tier 2, listed, rated, unsecured, subordinated, redeemable five-year sustainability bonds, with non-viability write-down features.

Losing millions in silence: Why Sri Lanka must lift palm oil ban now

The Planters’ Association of Ceylon (PA) is urging the government to act swiftly to lift the ban on oil palm cultivation, warning that with each passing day, the losses to the nation keep growing.

SLIM recognises Ambassadors of Sales in Sri Lanka

National Sales Awards (NSA) 2025, organised by the Sri Lanka Institute of Marketing (SLIM), recognised the exceptional talent and performance among the dedicated sales professionals in Sri Lanka, marking its Grand Finale recently.

Gamma Interpharm recognised at Supply Chain Excellence Award 2025

Gamma Interpharm (Pvt.) Ltd has been recognised with the Supply Chain Excellence Award 2025 – First Runner-Up, under the Large-Scale Manufacturing Sector Category.

Wattura Resort & Spa redefines refined family escapes by water

Wattura Resort & Spa, framed by the Gin Oya and ocean, presents an elegant sanctuary designed for discerning families seeking sophistication, comfort and meaningful time together.

Canon-Metropolitan hold Partner Awards Night

In a glittering celebration of partnership and performance, Metropolitan Technologies (Pvt.) Ltd, Sri Lanka’s sole authorised distributor for Canon for over 51 years, hosted Canon Metropolitan Partner Awards Night 2024/25, an event that stood as both recognition of excellence and a reaffirmation of leadership in Sri Lanka’s printer hardware industry.

People’s Bank promotes financial literacy at FinLit Expo Galle 2025

People’s Bank took part in FinLit Expo Galle 2025, organised by the Central Bank of Sri Lanka, reaffirming its commitment to advancing financial literacy and inclusion across the nation.

Japan Asunaro Aoki Construction strengthens recruitment of skilled Sri Lankan professionals

Asunaro Aoki Construction Co., Ltd, a mid-sized Japanese general contractor that has been expanding its recruitment of foreign professionals, held a meeting with the University of Moratuwa on October 28 to discuss the company’s approach and initiatives for hiring highly skilled foreign talent.

Siyapatha Finance again crowned as Best Employer Brand

Siyapatha Finance PLC has once again emerged victorious, securing the title of Best Employer Brand for the third consecutive year at the recently concluded Employer Branding Awards 2025.

Prof. Kasun De Zoysa appointed to LB Finance board

LB Finance PLC announced the appointment of Prof. Kasun De Zoysa to its board of directors, with effect from October 29, 2025, following the approval granted by the Central Bank of Sri Lanka.

Sunshine Holdings delivers robust performance in 1HFY26

Diversified Sri Lankan conglomerate Sunshine Holdings PLC continued to build on its strong start to the year, delivering an impressive performance across all sectors during the first half of FY26 (1HFY26).

CMA Sri Lanka Budget Highlights webinar tomorrow

The Institute of Certified Management Accountants of Sri Lanka (CMA) will conduct the ‘Budget Highlights 2026 – Budget and Taxation Proposals and Impact on Economy, Business and Society’ on Tuesday, November 11, 2026, from 2:00 p.m. to 5:00 p.m., via Zoom.

SLASSCOM AI Asia Summit 2025: Turning vision into measurable impact

SLASSCOM AI Asia Summit 2025, themed ‘AI in Action’, scheduled for November 12 at Cinnamon Grand, will spotlight how artificial intelligence (AI) is driving measurable transformation across sectors. Bringing together global pioneers and local changemakers, it will explore how Sri Lanka can lead in responsible, scalable AI innovation.

Budget 2026 bets big on building back investor base

In a signal to the investors weary of Sri Lanka’s uneven playing field, President Anura Kumara Dissanayake yesterday used Budget 2026 to draw a line under what he called an era of “cronyism, racketeering and nepotism”.

Budget Speech - 2026

Following the historic mandate given to us by the Sri Lankan citizens, within a short time period of a year, we have taken many decisive steps with a clear vision to fulfill their aspirations.