ComBank leadership meets Bangladesh Bank Governor to deepen regional ties

The corporate leadership of Commercial Bank of Ceylon, led by Sharhan Muhseen, Chairman and Sanath Manatunge, Managing Director/Chief Executive Officer, recently visited the Bank’s operations in Bangladesh and met with Dr. Ahsan H. Mansur, Governor of Bangladesh Bank, in Dhaka.

Tourist arrivals grow 21.8% in 26 days of October, attracting 137,876 tourists

Sri Lanka’s tourism sector demonstrated continued year-on-year growth in October, welcoming 137,876 tourists in the first 26 days of the month.

Sri Lanka signs US $ 39mn debt restructuring deal with Australia

Sri Lanka and Australia yesterday entered into bilateral agreements on external debt restructuring, marking a “significant milestone” in the island nation’s ongoing efforts to restore debt sustainability and revamp its economy, the Finance Ministry said yesterday.

Senthilverl Holdings acquires 25.5% stake in Serendib Land

Senthilverl Holdings (Pvt.) Ltd has acquired a 25.5 percent stake in Serendib Land PLC, marking a significant change in the company’s ownership structure, a stock exchange filing showed.

Pan Asia Bank kicks off September earnings with solid performance

Pan Asia Banking Corporation PLC posted strong financial results for the nine months ended September 30, 2025, demonstrating resilience amid a gradually recovering macroeconomic environment and marking 30 years of operations.

Week begins with foreign buying

The ASPI edged down as a result of price losses in counters such as C T Holdings, Central Finance Company and Richard Pieris & Company with the turnover crossing Rs. 5.7 Bn. Meanwhile, the S&P SL20 closed in red. High net worth and institutional investor participation was noted in Ceylon Hospitals, John Keells Holdings and DFCC Bank. Mixed interest was observed in Colombo Dockyard, Sierra Cables and Ambeon Capital whilst retail interest was noted

Tokyo Cement records Rs.16.3bn turnover amid construction boom

Tokyo Cement Group reported a turnover of Rs.16,322 million and a profit after tax (PAT) of Rs.1,003 million for the second quarter ending September 30, 2025, compared with Rs.13,833 million in turnover and a PAT of Rs.1,082 million in the same period last year. Whilst volume growth remained stable quarter-on-quarter, profit margins contracted with the capitalisation of the Trincomalee expansion projects, the company said in a commentary that fol

Yield curve stays static amid mixed investor sentiment

Moderate volumes and mixed investor sentiment marked the opening of the new week.

THASL launches Digital Destination Campaign to enhance global awareness

The Hotels Association of Sri Lanka (THASL), the apex body representing the country’s formal hotel sector, announced the launch of its digital destination campaign titled “Truly Sri Lanka,” marking the first ever industry-driven initiative and a milestone in promoting island’s diverse tourism offerings to emerging markets.

BIBM partners with Villa College, Maldives for regional academic integration

The Bristol Institute of Business Management (BIBM) - Sri Lanka announced its partnership with Villa College - Maldives to deliver a wide range of internationally recognized academic programmes in Sri Lanka.

Global thought leaders to headline SLEIS 2025

A powerhouse roster of international and regional experts will headline the Sri Lanka Economic and Investment Summit 2025, setting the stage for a world-class dialogue on reform, resilience, and investment-led growth. Organised by The Ceylon Chamber of Commerce, the two-day summit will take place on December 2nd and 3rd at the Shangri-La Hotel, Colombo.

LOLC Finance crowned Sri Lanka’s No. 1 NBFI Brand

LOLC Finance PLC has been ranked 14th overall, in the ‘Top 100 Most Valuable Brands of Sri Lanka’ and number one in the Non-Banking Financial Services (NBFI) sector list by Brand Finance, featured in the August Edition of Echelon Magazine. The brand valuation assessment revealed LOLC Finance achieved a brand rating of AA+, with a strong brand value of Rs. 11,528 million.

NTB drives cashless future at CBSL’s “Pay Digital” initiative in Dambulla

Nations Trust Bank was an active partner in the Central Bank of Sri Lanka’s (CBSL) “Pay Digital” Initiative held in Dambulla recently, as a part of its commitment towards building an economy that drives cashless digital payments for economic progress.

Sri Lanka’s AI trailblazer brews digital future for Ceylon Tea

In an industry steeped in tradition, Sri Lankan tech firm TeaAI is pioneering a digital transformation of the nation’s celebrated tea industry using Artificial Intelligence.

Daraz Sri Lanka and Industry Ministry collaborate to build stronger pathways for SME growth

Daraz Sri Lanka, in partnership with the Ministry of Industry and Entrepreneurship Development, conducted a specialised training session under the National Relationship Officer (RO) Programme recently.

GOOD PR celebrates 6th anniversary; commences operations in the UAE

GOOD PR is celebrating its sixth anniversary by taking its next big step of commencing operations in the United Arab Emirates (UAE).

Hutch partners with TRCSL to welcome regional telecom regulators

Hutch Sri Lanka recently played host to the ceremony for the 2nd Meeting of the South Asia Telecommunication Regulators’ Council (SATRC) Working Group on Policy, Regulation and Services, partnering with the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) to stage a distinguished evening of regional camaraderie and dialogue.

Snickers launches an island-wide pop-up experience in Sri Lanka

Global chocolate brand Snickers has officially launched in Sri Lanka, marking Mars Incorporated’s latest entry into the country’s confectionery market.

Great Place To Work Sri Lanka hosts Regional Conference

Great Place To Work Sri Lanka recently hosted its flagship conference at the Hilton Colombo, bringing together industry and HR leaders to explore trust, culture, and leadership in building resilient, inclusive, and people-centered workplaces.

Central Bank sees Sri Lanka outperforming fiscal goals for first time in history

The Central Bank of Sri Lanka (CBSL) has expressed confidence that the country will outperform all fiscal targets set for this year, including the primary surplus, revenue, expenditure, and overall fiscal deficit, marking what it said would be a historic first.

Sri Lanka poised for production surge as trade diversion reshapes Asia’s supply chains - IMF

The latest Regional Economic Outlook (REO) for Asia and Pacific, launched by the International Monetary Fund (IMF) last Friday, highlights a profound and ongoing reconfiguration of global value chains that offer significant, though challenging, opportunities for economies like Sri Lanka.

SL’s capital market needs comprehensive economic plan and foreign currency focus - SEC Chief

Sri Lanka needs a comprehensive, targeted national economic plan to build investor confidence that can facilitate around 8 to 9 percent of growth, Securities and Exchange Commission (SEC) of Sri Lanka Chairman Senior Professor Hareendra Dissabandara said.

Softlogic appoints Terry O’Connor as Glomark Chief Executive Officer

In a strategic move to bolster its retail arm, Softlogic Holdings PLC has announced the appointment of Terry O’Connor as the new Chief Executive Officer of Glomark, with immediate effect.

Dankotuwa Porcelain’s public float surges to 34.98%, exceeding CSE minimum requirement

Dankotuwa Porcelain PLC (DPL) has achieved a significant milestone in regulatory compliance and market liquidity, reporting a massive surge in its public shareholding.

LB Finance secures 65.6% support for AMF bid, offer set to convert to mandatory

Dhammika Perera controlled LB Finance PLC (LB) has formalised its move to acquire Associated Motor Finance PLC (AMF), with its offer now set to convert to a Mandatory Offer.

SL banking, finance sector reaffirms commitment to sustainable growth at GSFC 2025

Global Sustainable Finance Conference (GSFC) 2025, held recently in Karlsruhe, Germany, provided a pivotal platform for advancing the global dialogue on sustainable finance and inclusive economic growth.

Abans hosts Circle of Excellence 2025 awards

Abans PLC hosted its annual Circle of Excellence 2025 awards ceremony at Monarch Imperial recently, bringing together key mobile business partners from across Sri Lanka, including regional distributors, islandwide mobile dealers, suppliers and frontline sales teams.

Home Lands moves forward with construction of Bayfonte Marina

Home Lands Group continues to make remarkable progress on Bayfonte Marina Resort Apartments and Villas in Negombo, the first tourist resort apartment complex in Sri Lanka.

Ruhunu Ring: A new chapter in destination storytelling for Sri Lanka’s Deep South

Sri Lanka’s Deep South has officially taken centre stage as a premier destination with the launch of the Ruhunu Ring, a visionary concept initiated by Shangri-La to strengthen destination storytelling and tourism marketing.

Ashika Gunasena honoured for outstanding contribution to women MSME empowerment

Chrysalis Chief Executive Officer Ashika Gunasena was honoured with the Outstanding Contribution to Women MSME Empowerment award at Women in Management (WIM) MSME Awards 2025, held recently at Cinnamon Lakeside, Colombo.