CSE and SEC host exclusive forum on Sri Lanka’s capital market

The Securities and Exchange Commission of Sri Lanka (SEC) in collaboration with the Colombo Stock Exchange (CSE) successfully convened an exclusive forum for institutional fund managers themed “Be a Part of the Capital Market’s Growth Story – One Vision for A Resilient Market” recently.

Supreme Plus Holdings wins civil case against Kariyawasam Paint House

The District Court of Nugegoda has ruled in favour of Supreme Plus Holdings, owned by Devika Gallage of Meegoda, in a civil case filed against Kariyawasam Paint House, operated by Weraduwage Deepa Nilangani of Maharagama.

Hutch secures ISO/IEC 27001:2022 certification

Hutch Sri Lanka has been awarded the ISO/IEC 27001:2022 certification, reaffirming its commitment to a globally recognized information security management system.

World Bank urges businesses to lead Sri Lanka’s comeback

The World Bank yesterday placed the private sector at the heart of Sri Lanka’s growth strategy as it acknowledged the government’s limited fiscal space that leaves little room for state-led investment.

LB Finance lines up Rs. 20 bn debt issue

LB Finance PLC has received board approval to raise up to Rs. 20 billion through a listed debenture issue aimed at strengthening its funding base.

Lanka Rating Agency upgrades LOLC Finance to ‘A+ (Stable)’

Lanka Rating Agency (LRA) has awarded LOLC Finance PLC an A+ rating with a Stable Outlook, a significant step up from its previous ‘A (Positive Outlook)’ rating.

People’s Bank inaugurates new Colombo head office built to green standards

State-owned People’s Bank yesterday inaugurated its new head office building, the ‘People’s Tower’.

High grown teas lift September average

Sri Lanka’s national tea sale average edged up in September, though cumulative prices for the year remained lower than in 2024, data compiled by Forbes & Walker Research showed.

Week begins in green

The ASPI closed in green as a result of price gains in counters such as Lion Brewery, Aitken Spence and Melstacorp with the turnover crossing Rs. 7.9 bn.

Mixed sentiment marks start of week in secondary market

The secondary market opened the week on a mixed note yesterday, marked by selling pressure in the 2029 maturities alongside buying interest in longer-term tenors. However, overall trading volumes remained subdued throughout the day.

SLEIS 2025’s Day 2 to focus on ‘Why Sri Lanka – Investor View’

As Sri Lanka transitions from economic stabilisation towards a path of accelerated, inclusive growth, with a renewed emphasis on private sector-led development, Day 2 of Sri Lanka Economic and Investment Summit 2025, organised by the Ceylon Chamber of Commerce, will host a dedicated session titled ‘Why Sri Lanka – Investor View’.

Amana Bank expands to Pulmoddai

Amana Bank announced the opening of its latest Self Banking Centre (SBC) in Pulmoddai, a remote city located in the Trincomalee district of Sri Lanka’s Eastern province.

People’s Bank relocates Lunuwila Service Centre

People’s Bank Lunuwila Service Centre was ceremonially reopened at its new and upgraded location recently.

Sampath Bank-Home Lands launch 0% equity housing solutions

Sampath Bank PLC recently signed a memorandum of understanding with Home Lands Group at its head office, introducing a new financing solution aimed at easing the path to property ownership for homebuyers.

Munchee dominates SLIM Digis 2.5 as most awarded brand

Munchee, the flagship brand of Ceylon Biscuits Limited, cemented its position as the undisputed leader in digital marketing by dominating SLIM Digis 2.5.

CEAT Kelani attains ISO 14064-1:2018 certification for GHG emissions reporting

CEAT Kelani Holdings has received the ISO 14064-1:2018 certification for the quantification and reporting of greenhouse gas (GHG) emissions and removals, marking a significant milestone in the company’s ongoing commitment to sustainable growth and responsible manufacturing.

DFCC Bank-DIMO expand affordable vehicle ownership

DFCC Bank PLC has partnered with DIMO to make vehicle ownership more affordable and accessible—helping businesses expand, families progress and communities thrive.

Modern Zhongtong buses hit Sri Lankan roads

Marking a significant advancement in Sri Lanka’s passenger transport sector, recently the latest premium Zhongtong bus range was introduced by its newly appointed local agent, Moveflex (Pvt.) Ltd, a fully-owned subsidiary of DIMO.

GWM-David Pieris Automobiles announce strategic partnership

David Pieris Automobiles (Private) Limited (DPA), the four-wheeler sales arm of David Pieris Group of Companies, has been appointed as an authorised seller and distributor in Sri Lanka for GWM, a global automotive giant.

Rs. 757.4 million in dividends from state enterprises handed over to treasury

A total of Rs. 757.4 million in dividends from state-owned enterprises under the Ministry of Industries and Entrepreneurship Development was handed over to the Treasury in Parliament today (07).

WIS Group’s Imperial Advisors expands conveyancing operation in Sri Lanka

WIS Group, a Sri Lankan company that provides financial solutions in the United Kingdom, has diversified its operations by expanding Imperial Advisors, its offshore conveyancing operation, in Sri Lanka.

KOKO introduces PRISM loyalty programme

With a mission to empower Sri Lankans through smarter financial solutions, KOKO is expanding its offerings by launching KOKO PRISM, the company’s newest and most premium loyalty programme.

Ambewela introduces exclusive consumer promotion

Ambewela, Sri Lanka’s most premium and No. 1 fresh milk brand, has taken its commitment to consumers beyond the breakfast table by introducing an exclusive consumer promotion that blends daily nourishment with extraordinary experiences.

Sarvodaya Development Finance delegation completes agri-innovate immersion in Thailand

A cross-functional leadership team from Sarvodaya Development Finance PLC (SDF) has completed the ‘International Programme on Agri-Innovate: A Value Creation Journey from Soil to Shelf’ at the Faculty of Business Administration, Kasetsart University, Bangkok, delivered in collaboration with the Postgraduate Institute of Management.

Small business loans go at around 10.0% to boost economic activity

Sri Lanka’s small businesses are now getting their loans mostly at around 10.0 percent on average, a level they finally had in early 2022, right before the economy came crashing down, sending the interest rates through the roof when the Central Bank over-reacted by raising the rates by unprecedented levels.

Ex-CEO Peter Hill urges SriLankan to revive ‘Indian Ocean Hub’ strategy with Africa focus

Former SriLankan Airlines CEO Peter Hill has called on the airline to revive its once-successful strategy of becoming the “hub of the Indian Ocean,” outlining a specific blueprint for network expansion into the African continent. Speaking at the International Tourism Leaders Summit 2025 in Colombo, Hill urged the national carrier to look beyond traditional routes and adopt a strategic, multi-layered approach to capture new markets. His advice com

Central Bank launches survey on Crypto or virtual assets service providers

In a step toward registering the Crypto currency (Crypto) or Virtual Assets Service Providers (VASPs) with the Financial Intelligence Unit (FIU), the Central Bank has commenced a mandatory survey to obtain their information. Launching the survey, the Central Bank listed down who could be considered as VASPs in Sri Lanka.

Don’t expect overnight results from Global Campaign, says Sri Lanka Tourism Chief

The Chairman of the Sri Lanka Tourism Development Authority (SLTDA), Buddika Hewawasam, has called for patience and realistic expectations regarding a future global promotion campaign, cautioning that a sustainable increase in arrivals will not happen overnight and could take a couple of years to bear fruit.

Fitch assigns Union Bank’s proposed Basel III subordinated debt ‘BB(EXP)(lka)’

Fitch Ratings has assigned Union Bank of Colombo PLC’s (UB; BBB-(lka)/Negative) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to Rs. 3 billion an expected National Long-Term Rating of ‘BB(EXP)(lka)’.

Atlas awarded for pioneering digital and technology led learning at SLIM Digis 2.5

Atlas secured an array of awards at SLIM Digis 2.5 for its outstanding contributions to advancing education through the integration of technology and creativity.