Overseas Realty profits jump on apartment sales and rental incomes

Luxury real estate developer, Overseas Realty (Ceylon) PLC reported some stellar top and bottom-line performance for the quarter ended in September 2025 in a sign that the real estate activities are ramping

Trading volumes see major revival; investor sentiment stays mixed

Yesterday marked a turnaround from the lethargic atmosphere that dominated the secondary market earlier in the week. Although investor sentiment remained mixed, trading activity gained momentum,

Indices continue to close on a mixed note

The ASPI closed in green as a result of price gains in counters such as Hayleys, Ceylon Grain Elevators and Richard Pieris & Company with the turnover crossing Rs. 9.2 bn.

MiHCM eyes US$ 5 mn ARR; sets transformational AI-powered future with MIA and Syntra AI

Digital HR solutions provider MiHCM announced this week its ambitious plan to cross the US$ 5 million Annual Recurring Revenue (ARR) mark within the next 12 to 18 months.

People’s Bank participates in CBSL “Pay Digital” initiative

People’s Bank participated in the ‘Pay Digital’ initiative organized by the Central Bank of Sri Lanka (CBSL) recently at its Headquarters in Colombo.

Keerthi Kodithuwakku recognized as ‘ICT Leader of the Year’

Keerthi Kodithuwakku was honoured with the ‘CSSL ICT Leader of the Year (Male) 2024’ award at the National ICT Awards, held during NITC 2025.

CSE appoints Senaka Kakiriwaragodage as Director

Senaka Kakiriwaragodage has been appointed to the Board of the Colombo Stock Exchange (CSE) with effect from 03/10/2025.

First Capital becomes world’s first investment institution accepted for SSCI certification

First Capital Holdings PLC has been awarded the Certificate of Acceptance to the Sustainability Standards & Certification Initiative (SSCI) by the European Organisation for Sustainable Development (EOSD).

Canadian Agricultural Mission to strengthen ties with Sri Lanka

The High Commission of Canada in Sri Lanka and the Maldives, in collaboration with The Ceylon Chamber of Commerce, announced the visit of a Canadian Agricultural Mission to Sri Lanka from October 27–31.

SLICGL reports strong nine-month performance for 2025

Sri Lanka Insurance General Limited (SLICGL) announced its financial results for the nine months ended 30 September 2025, reflecting solid growth and sustained profitability supported by improving market

Mark and Comm joins GlobalCom PR Network

Mark and Comm, Sri Lanka’s boutique public relations and communications agency, announced its membership in the GlobalCom PR Network, joining an association of over 80 independent PR agencies

Latest SLB Survey Report launched providing insights on key issues

The 2025 Sri Lanka Barometer (SLB) Survey Report was officially launched at the Taj Samudra Hotel, Colombo recently.

Sectoral Oversight Committee discusses progress of 2025 budget proposals of several ministries

The Sectoral Oversight Committee on Environment, Agriculture and Resource Sustainability discussed the financial and physical progress of the budget proposals for the year 2025 of several ministries and the

Softlogic GLOMARK expands footprint with outlet at Horton Place

Softlogic GLOMARK supermarket chain opened its latest outlet in Horton Place recently.

Virtusa partners to unveil 200-seat digital service hub in Sri Lanka

Virtusa Corporation, in partnership with CFC, a pioneer in insurance solutions for emerging risk and market leader in cyber, opened doors to CFC’s 200-seat digital services hub in Colombo yesterday.

Chocoholics Café announces first int’l expansion with KSA entry

Dessert café brand ‘Chocoholics’ announced its first international expansion with plans to open outlets in Saudi Arabia, marking the beginning of a broader global journey.

Sri Lanka–Indonesia Business Council advances trade and startup partnerships

The Sri Lanka–Indonesia Business Council (SLIBC) of The Ceylon Chamber of Commerce concluded a Business Promotion Mission to Indonesia, securing promising links in renewable energy, digital services,

Home Lands’ Bayfonte Marina construction makes steady progress

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.

SL targets US $ 15bn digital economy with ‘super ROI’ strategy

Sri Lanka is pursuing a strategy to generate ‘super return on investment (ROI)’ through a comprehensive digital transformation, aiming to build a US $ 15 billion digital economy, Chief Advisor to President on Digital Economy and Information and Communication Technology Agency Chairman Dr. Hans Wijesuriya said.

Credit card spend picks up in August with card debt rising Rs.2.9bn

Sri Lankan credit card holders stepped up spending in August, reflecting rising consumer confidence and improving household incomes amid an expanding economy.

Kia Motors Lanka unveils 2026 Sorento Hybrid and EV5

While adding two remarkable additions to the Kia family, Kia Motors Lanka yesterday launched the fifth-generation 2026 Kia Sorento Hybrid and Kia EV5, marking a new era of hybrid and electric mobility in Sri Lanka.

Major shake-up for local retail as Hayleys enters supermarket race

Sri Lanka’s retail sector is in for some major competition as business tycoon Dhammika Perera-controlled Hayleys PLC yesterday announced fresh plans to foray into the large-scale supermarket segment.

Hayleys triggers mandatory buyout of 59% stake in Harischandra Mills

Hayleys PLC yesterday initiated a mandatory offer to acquire the remaining 1,140,654 ordinary voting shares, representing 59.42 percent of the issued shares of Harischandra Mills PLC, following its recent purchase of a 40.58 percent stake in the company.

Kusal Jayawardana appointed as Lanka Ventures and LVL Energy Fund Chairman

Lanka Ventures PLC has appointed investment banker Kusal Jayawardana as its Chairman, alongside his appointment to the same role at its subsidiary LVL Energy Fund PLC.

September tea output dips 9% YoY

Tea production fell sharply in September 2025, though the cumulative output for the first nine months of the year remained slightly ahead of last year, the data compiled by Forbes & Walker Research showed.

ComBank receives Global Finance ‘Best Bank’ award in Washington DC

Commercial Bank of Ceylon was formally presented the Global Finance ‘Best Bank in Sri Lanka’ award recently, at the magazine’s annual awards ceremony held, as customary, during the IMF/World Bank Annual Meetings in Washington DC.

Sri Lanka to sign UN convention against cybercrime

The Cabinet approval was given this week to sign the United Nations Convention against Cybercrime (UNCC), a significant global accord aimed at combating serious cyber offenses.

Indices close on a mixed note

The ASPI edged up as a result of price gains in counters such as Colombo Dockyard, Sampath Bank and Central Finance Company with the turnover crossing Rs. 6.6 Bn.

Subdued secondary market with controlled selling pressure

The secondary market maintained its subdued momentum yesterday, characterised by low trading volumes and moderate selling being observed in the 2028 maturities.

HIP strengthens role as regional hub with 151% volume growth

Cargo volumes at Hambantota International Port (HIP) have surged by 151 percent year-on-year, with throughput reaching 6,028,493 metric tons by September 2025 compared to 2,397,971 metric tons in the same period last year. This was achieved despite operational challenges triggered by lifting the ban on local vehicle imports. With the lifting of import restrictions, we experienced elevated congestion and clearance delays—straining yard space, equi