Thushera Kawdawatta appointed Sysco LABS Sri Lanka MD

Sysco LABS Sri Lanka, the largest Global Innovation Center (GIC) of the world leader in food service, Sysco, has appointed Thushera Kawdawatta as its managing director, marking the start of a new era of growth and innovation.

GAIA Greenenergy recognized for excellence in energy sector

GAIA Greenenergy Holdings announce that it received multiple honours at the 2025 Sri Lanka Clean Energy Week Awards. Organized by Solar Quarter- South Asia, the event celebrates leadership, innovation, and progress in the renewable energy sector. GAIA was recognized across five categories, including Company of the Year, Rooftop & Distributed Solar for Business Excellence, Sustainability Excellence in Integrating HSE with Renewable Projects for

Listed lenders rake in bumper earnings

Sri Lanka’s listed commercial banks posted strong earnings for the June quarter, boosted by loan growth, lower provisions for bad loans and higher fee income, though margins narrowed, Capital Trust Securities said in a report.

Ceylon Tea exports gain momentum in July

Tea exports continued its upward trajectory in July 2025, reaching 24.04 million kilograms, up 2.68 million kilograms from the 21.36 million kilograms shipped in the same month last year.

FTZMA hails UK’s tariff-free access for exports

Sri Lanka’s Free Trade Zone manufacturers have lauded the United Kingdom’s decision to grant duty-free access to over 7,000 product lines under its Developing Countries Trading Scheme (DCTS), calling it a major boost for exporters.

Maersk pact signals confidence in Colombo port operations: SLPA

The Sri Lanka Ports Authority (SLPA) shared that global shipping giant Maersk Line has signed a three-year Terminal Service Agreement (TSA), underscoring its confidence in Colombo’s service quality and operational standards.

Seevali Arukgoda appointed Sri Lanka Customs Director General

Seevali Arukgoda has been appointed Director General of the Sri Lanka Customs Department, effective from August 26, Finance Ministry said.

Sri Lanka’s apparel exports record 9% growth in July 2025

Sri Lanka’s apparel exports recorded steady growth in July 2025, rising by 9.84 percent to US$ 455.16 million compared with US$ 414.38 million in July 2024.

Indices bounce back

The ASPI closed in green as a result of price gains in counters such as DFCC Bank, Sampath Bank and Dialog Axiata with the turnover crossing Rs. 5.1 bn.

Subdued trading activity contributes to static yield environment

The secondary market continued to exhibit subdued momentum yesterday, with limited investor participation keeping yields broadly unchanged.

ComBank and Visa to reward global spenders with luxury getaways

Commercial Bank of Ceylon, in partnership with Visa, has announced the launch of its Visa International Usage Campaign, a rewarding new promotion that offers the cardholders the chance to win unforgettable luxury travel experiences.

Nawaloka Hospitals unveils 40th anniversary logo

Nawaloka Hospitals PLC, Sri Lanka’s pioneering private healthcare institution and the first to introduce artificial intelligence (AI) technology into the country’s healthcare sector, recently held a soft launch to commemorate its 40th anniversary since its establishment in 1985.

NDB Bank hosts Analyst Earnings Call on 1H 2025 financial results

National Development Bank PLC (NDB) hosted its Analyst Earnings Call recently to discuss the bank’s financial results for the six months ended June 30, 2025.

People’s Bank shines at Women Friendly Workplace Awards 2025

People’s Bank has once again been recognised as one of Sri Lanka’s most outstanding women-friendly workplaces at Satynmag Women Friendly Workplace Awards 2025.

John Keells Properties-BOC provide fixed-rate home loans for Viman buyers

In a strategic move to make homeownership more accessible to Sri Lankans, John Keells Properties has partnered with Bank of Ceylon, Sri Lanka’s premier state-owned financial institution, to offer exclusive, fixed-interest home loan solutions for Viman Ja-Ela—a modern suburban residential development by John Keells Properties.

EDB educates agriculture and aquaculture exporters on smart solutions

The Sri Lanka Export Development Board (EDB) recently hosted an insightful seminar titled ‘Smart Solutions for Agricultural and Aquaculture Exporters’ in the North Western province, at the Kurunagala District Secretariat, for the first time.

Seylan Bank-Home Lands offer exclusive home loan facilities

Seylan Bank PLC has entered into a strategic partnership with Home Lands Group, Sri Lanka’s number one and most trusted real estate developer, to make homeownership more accessible than ever before.

LKNOG9 brings together SL’s network operator community in Colombo

The ninth annual Lanka Network Operators Group (LKNOG9) conference took place recently at Galle Face Hotel in Colombo, gathering a diverse group of network specialists, academics, policymakers and industry leaders.

Pan Asia Bank IT team wins at Global Infosys Finacle Innovation Awards 2025

Pan Asia Banking Corporation PLC has once again elevated Sri Lanka’s reputation on the global financial stage by winning the prestigious Platinum Award for Maximising Customer Engagement at Infosys Finacle Innovation Awards 2025, marking its second consecutive global recognition following last year’s success.

Agentforce cuts sales quoting time by 75%

Salesforce has launched Agentforce for Revenue, an AI-powered solution within its all-new Revenue Cloud, designed to transform the quoting process for businesses worldwide.

Sri Lanka’s real estate revival spotlighted on global stage

Capital Trust Properties Managing Director Minoli Wickramasinghe recently represented Sri Lanka at two major international real estate forums in Singapore, spotlighting the nation’s evolving investment landscape and resurgence as a regional property destination.

BOI on track to surpass US $ 1bn FDI in 2025 as inflows surge

Sri Lanka’s Board of Investment (BOI) expects foreign direct investment (FDI) to surpass US $ 1 billion this year, supported by the rising inflows, new approvals and ongoing reforms, officials said on Monday.

BOI overhaul puts investor approvals online, transparent and real-time

Sri Lanka yesterday saw the launch of a fully digital investment platform as part of a major push to cut red tape and transform the Board of Investment (BOI) into a genuine one-stop shop for the investors.

Export earnings near US $ 10bn

Sri Lanka’s export earnings are approaching the US $ 10 billion mark in the first seven months of 2025, with total goods and services exports reaching US $ 9.99 billion, up 7.8 percent from the same period last year. The performance reflects a broad-based recovery across key sectors, supported by a stronger regional demand and rising value-added exports.

IndianOil CFO Anuj Jain takes over as Lanka IOC Chairman

Lanka IOC PLC, the Sri Lankan unit of Indian Oil Corporation Ltd, yesterday announced it has appointed IndianOil Director Finance and Chief Financial Officer Anuj Jain as its new Chairman, replacing Satish Kumar Vaduguri, who retired earlier this month.

NCE-FIEO MoU to boost bilateral trade and export opportunities

The National Chamber of Exporters of Sri Lanka (NCE) has signed a memorandum of understanding (MoU) with the Federation of Indian Export Organisations (FIEO), aiming to strengthen trade ties and expand export opportunities between the two countries.

SLIC Life’s premium growth soars by 32% in 1H

Sri Lanka Insurance Life (SLIC Life) has demonstrated significant financial momentum in the first half of 2025, reporting substantial growth in its premium income. The company’s performance highlights a strong increase in new business and reinforces its stable position in the market. SLIC Life announced a gross written premium of Rs.15.4 billion for the first six months of 2025, marking a robust 32 percent year-on-year growth.

Crossings boost turnover

Indices closed in red as a result of price losses in counters such as Hatton National Bank, John Keells Holdings and Commercial Bank with the turnover crossing Rs. 4.4 Bn. Crossings were witnessed in Hatton National Bank, E B Creasy & Company and Hemas Holdings accounting for 55.7% of the turnover. Mixed interest was observed in Royal Ceramics, Sierra Cables and Colombo Dockyard

A lacklustre mood marks week’s start

The secondary market stepped into the trading week with restrained dynamism as investor activity appeared muted, prompting a static yield curve.

DIMO Agribusinesses announces LOVOL Harvester Pancha Maha Nidhanaya winners

DIMO Agribusinesses announced the lucky winners of the LOVOL Harvester Pancha Maha Nidhanaya, who won five DIMO Batta lorries at DIMO Agri Machinery Prestige Awards 2024/25, which was held to recognise their dealers recently.