Browns Hotels & Resorts welcomes Malaysia’s top chefs for flavour-packed festival

Browns Hotels & Resorts recently hosted a 7-day Malaysian Food Festival, celebrating the rich flavours and traditions of Malaysia across three of its signature properties – Occidental Eden Beruwala, Thaala Bentota, and Club Hotel Dolphin, Negombo.

David Pieris Group strengthens commitment to Sri Lanka Army’s Abimansala

The David Pieris Group, through its Social Welfare Committee, has once again extended its support to the Abimansala Wellness Resort in Anuradhapura—a care facility run by the Sri Lanka Army dedicated to the care and rehabilitation of disabled war heroes.

Spa Ceylon unveils ‘Island Summer Anthem’

Spa Ceylon, the world’s largest Luxury Ayurveda chain, has officially launched its exclusive Island Summer Anthem as a vibrant tribute to Sri Lanka, the island home and birthplace of the brand’s world-renowned legacy.

Dhammika Perera completes equal partnership in Laugfs with co-founder Wegapitiya

Business tycoon Dhammika Perera has completed the acquisition of a 50 percent stake in Laugfs Holdings Ltd through his private vehicle Vallibel Three (Pvt.) Ltd, filings to the Colombo Stock Exchange showed yesterday.

Kandy Myst by Cinnamon: A new jewel in hill capital’s crown

Nestled amidst the verdant, mist-clad hills of Sri Lanka’s cultural heartland, Kandy stands as a timeless jewel, captivating travellers with its rich tapestry of history, spirituality, and natural splendor.

Larry Ellison briefly becomes world’s richest person: Who is Larry Ellison?

For a short period on September 10th 2025, Larry Ellison, co-founder of Oracle Corporation, overtook Elon Musk to become the world’s richest person. A historic surge in Oracle’s stock propelled Ellison’s fortune past the $390 billion mark, underscoring not only the volatility of global wealth rankings but also the enduring influence of one of Silicon Valley’s most powerful figures.

Three-tier ADR in the works to boost investor confidence: BOI

Sri Lanka is overhauling its investor agreements with a three-tier dispute resolution mechanism, negotiation, mediation, and arbitration, as part of efforts to strengthen foreign investor confidence, the

Palm oil ban deepens forex drain for SL, industry warns

The ban on palm oil cultivation has cost the country millions in foreign exchange and risks worsening its fragile economic recovery, the Planters’ Association of Ceylon (PA) said, urging the government to reverse

Ceylon Chamber pushes private sector-led growth in National Budget 2026 proposals

The Ceylon Chamber of Commerce (CCC) yesterday presented its priority proposals for the National Budget 2026 during its first official meeting of the new board with President Anura Kumara Dissanayake.

Ambeon Group raises stake in Ceylon Hotels Corporation

Ambeon Group increased its stake in Ceylon Hotels Corporation PLC to 10.79 percent, a disclosure to the Colombo Stock Exchange (CSE) showed.

R.M.P. Rathnayake appointed Chairman of BOC Travels

BOC Travels, the fully owned travel and tour subsidiary of Bank of Ceylon, announced the appointment of R.M.P. Rathnayake as its new Chairman.

Bond auction acceptance falls short

CBSL concluded the scheduled T-Bond auction yesterday, following which the secondary market saw some trading activity; however, volumes remained insufficient to prompt any movement in the yield curve

Crossings account for 63.7% of turnover

The ASPI closed in red as a result of price losses in counters such as Hatton National Bank, Cargills and DFCC Bank with the turnover crossing Rs. 6.5 bn.

ComBank achieves a world first with LoungeKey access for UnionPay Asia Prestige cards

Commercial Bank of Ceylon PLC has become the first bank in the world to extend LoungeKey airport lounge access under the UnionPay Asia Prestige programme, following a partnership between the bank

Ruhunu Farms unveils new facility

In continuing a legacy of progress in the poultry industry, Ruhunu Farms (Pvt.) Ltd, a subsidiary of Aberdeen Holdings, commemorated the opening of its expanded poultry facility recently, on its premises in

Bairaha Farms’ Third Eye app wins Gold at Dragons of Sri Lanka 2025

Sri Lanka’s pioneering and leading chicken processor Bairaha Farms PLC claimed victory at the recent Dragons of Sri Lanka 2025, taking home the Gold Dragon Award in the Best Innovative Idea or Concept

Strong int’l and local interest for SLCB’s SL-MICE Expo 2025

The much-anticipated SL-MICE Expo 2025, organised by the Sri Lanka Convention Bureau (SLCB)—the national tourism organisation under the Foreign Affairs, Foreign Employment and Tourism Ministry —will be

Califolink Logistics with CWIT expands operations

Califolink Logistics, a subsidiary of Ceyline Group, has officially commenced inter terminal trucking (ITT) operations at Colombo West International Terminal (CWIT) of the Colombo Port, further reinforcing its

Building aspiration for modern consumer: A case for home-grown brands

The world’s largest consumer packaged goods companies have hit an inflection point. Multiple leadership changes and sweeping job cuts have been announced over the last 18 months. Analysts point to slow

German Supply Chain Act reforms and EU GSP+: What SL’s exporters need to know

Colombo will host a timely and high-level discussion on the latest reforms to the German Supply Chain Act (Liefer kettensorgfaltspflichtengesetz – LkSG) and its intersection with the EU GSP+ programme and the

Maliban enters Indian FMCG market with Reliance Consumer Products

Maliban Group of Companies announced a landmark strategic partnership with Reliance Consumer Products Ltd (RCPL), a subsidiary of Reliance Retail and a fast-growing player in India’s consumer sector.

Vallibel Finance-Singer Sri Lanka partner for Piaggio three-wheelers

Vallibel Finance PLC has officially partnered with Singer Sri Lanka for Piaggio three-wheelers, the sole authorised distributor of Piaggio three-wheelers in the country.

Alliance Finance launches first-ever social bond on Colombo Stock Exchange

Alliance Finance Company PLC (AFC) celebrated a landmark moment with the issuance of its social bond on the Colombo Stock Exchange (CSE).

Aviyana Hotels Group claims dual honours at SL Sustainability Awards 2025

The Aviyana Hotels Group, developer of Sri Lanka’s first seven-star hotel, has secured a notable double victory at the prestigious Sri Lanka Sustainability Awards (SSA) 2025.

KPMG webinar to focus on SVAT repeal

In line with the government’s efforts to align with the global tax standards, the Inland Revenue Department has announced the repeal of the Simplified Value Added Tax (SVAT) scheme, effective October 1, 2025.

CDB Rings Bell at Colombo Stock Exchange Marking 30th Anniversary

Reiterating its presence in financial excellence and innovation, leading NBFI in Sri Lanka Citizens Development Business Finance PLC (CDB) marked its 30th anniversary celebrations by ringing the bell to

SL’s corporate tax collection lags regional peers, threatening fiscal recovery: WB

Sri Lanka’s corporate income tax (CIT) collection remains far below the regional peers, raising concerns over the sustainability of government revenue and its post-crisis fiscal recovery, the World Bank (WB) highlighted.

Skills Expo 2025 to address SL’s critical skill shortages across industries

The annual Skills Expo, returning for its third edition in 2025, aims to bridge the growing gap between vocational training and industry demand, the organisers said, as the country faces acute shortages in technical and skilled labour.

Advocata urges full SOE reform following Cabinet move to close 33 dormant SOEs

Colombo-based think-tank Advocata Institute commended the government’s decision to close 33 non-operational state-owned enterprises (SOEs) but urged that this be only the first step toward comprehensive divestiture of commercially viable entities.

Citrus Leisure sells 62.5mn shares in Hikkaduwa Beach Resort

Citrus Leisure PLC has sold 62.5 million ordinary voting shares of Hikkaduwa Beach Resort, representing over 10 percent of the resort’s issued voting shares, the company said in a Colombo Stock Exchange filing