Rhino launches Premier roofing sheets

Rhino Roofing, Sri Lanka’s most trusted name in roofing and ceiling sheets, unveiled its latest innovation Rhino Premier Roofing Sheets, at a grand launch ceremony that took place on August 15, 2025, at Cumulus Ballroom, Cinnamon Life, Colombo.

Hayleys Energynet deploys Riello’s first 300 kVA UPS system in Sri Lanka

Setting a new benchmark in industrial power resilience, Hayleys Energynet, a subsidiary of Hayleys Fentons Limited, has successfully deployed Riello’s first 300 kVA UPS system in Sri Lanka.

Sri Lanka warned of higher trade costs over US$ 1bn X-Press Pearl verdict

Sri Lanka could face significant economic fallout, including higher import-export costs, following the Supreme Court’s landmark US$ 1 billion verdict against the stakeholders of the X-Press Pearl container ship.

CEB’s June quarter profit drops to Rs. 5.3bn amid lower revenue

The Ceylon Electricity Board (CEB) has reported a net profit of Rs. 5.31 billion for the April-June 2025 quarter, a significant decrease from the Rs. 34.54 billion earned in the same period last year. The decline is attributed to lower revenues following tariff reductions implemented over the past year.

July PMI signals strong growth in manufacturing and services

Sri Lanka’s manufacturing and services sectors expanded vigorously in July, defying uncertainties on the global trade front. The strong performance suggests the economy remains robust and is growing faster than previously expected.

JAT Holdings defies low season with 20% profit growth in 1Q

JAT Holdings PLC has kicked off its 2025/26 financial year with a robust 20 percent year-on-year growth in profit after tax (PAT) for the first quarter, a significant achievement during what is traditionally the paint industry’s slowest period.

Sampath Bank’s loan book surpasses Rs. 1trn

Sampath Bank PLC significantly expanded its loan book in the second quarter of 2025, pushing it past the Rs. 1 trillion milestone. However, profitability came under pressure from narrowing interest margins, rising deposit costs, and higher operating expenses.

SLT swings to profit on Mobitel turnaround, cost reductions

Sri Lanka Telecom (SLT) Group reported a sharp turnaround in its financial performance for the first half of 2025, driven by improved profitability and cost management, with subsidiary Mobitel returning to profitability after posting losses a year earlier.

SLINTEC’s accredited food testing services boost SL’s export potential

The Sri Lanka Institute of Nanotechnology (SLINTEC) has reached a major milestone, with its Advanced Analytical Services Laboratory receiving ISO/IEC 17025:2017 accreditation from the Sri Lanka Accreditation Board.

hSenidBiz starts FY26 strong with steady recurring revenue and margin gains

hSenid Business Solutions PLC (hSenidBiz) announced its financial results for the first quarter of FY2026, reporting a stable topline performance and the continuation of profitability improvements seen in the prior quarter.

AHRP marks 25th year taking HR to forefront

The Association of HR Professionals (AHRP), the conclave of discerning human resource practitioners in the country, celebrates 25 years of shaping the professions’ onward march this year.

PMF Finance appoints Ivon Brohier as COO

PMF Finance PLC announced the appointment of Ivon Brohier as its new Chief Operating Officer, reinforcing the company’s strategic direction and operational agility as it continues its transformation journey.

Janashakthi Finance delivers Rs.60mn net profit for 1Q under new brand identity

In the wake of its strategic rebranding from Orient Finance PLC, Janashakthi Finance PLC, a subsidiary of JXG (Janashakthi Group) announced its financial results for the first quarter ended June 30, 2025, reporting a net profit after tax of Rs.60 million.

Invest Sri Lanka forum draws strong investor interest in Singapore

The ‘Invest Sri Lanka’ investor forum, organised by the Colombo Stock Exchange (CSE) and Securities and Exchange Commission of Sri Lanka (SEC) in association with the High Commission of Sri Lanka to Singapore, successfully concluded at the Conrad Singapore Marina Bay, making a compelling case for channelling investment flows into Sri Lanka.

JXG reports Rs.2.28bn net profit in 1Q FY26 signalling strong start to year

Continuing its positive trajectory, Sri Lanka’s emerging financial conglomerate, JXG (Janashakthi Group), reported a consolidated net profit after tax (NPAT) of Rs.2.28 billion for the first quarter ended June 30, 2025.

TPL appointed exclusive distributor for Tonino Lamborghini electric golf carts in the Maldives

Trade Promoters Ltd. (TPL), a leader in engineering and energy solutions across Sri Lanka and the Maldives, has signed an exclusive distributor agreement with Kinetic Green Tonino Lamborghini Ltd. to introduce the iconic Tonino Lamborghini electric golf carts to the Maldives.

CB expects inflation rebound to 5% target in early 2026

Sri Lanka’s current deflationary environment is a temporary phase, with inflation expected to climb back to the Central Bank of Sri Lanka’s (CBSL) target of around 5 percent within the next seven to eight months, CBSL Governor Dr. Nandalal Weerasinghe said.

Sri Lanka Gem and Jewellery Association secures reforms to boost trade competitiveness

In a landmark step for Sri Lanka’s gem and jewellery sector, the government has introduced key reforms to ease the business operations and strengthen trade competitiveness.

SL unveils landmark education reforms to forge dual-pathway system, bridging skill gap

The Sri Lankan government is set to overhaul its decades-old education system by introducing a transformative dual-pathway structure that will offer the students both conventional academic and specialised skill-based streams from secondary level.

Skills Expo 2025 Bridging gap between talent and opportunity

Skills Expo 2025 is poised to become a national platform connecting the job seekers with employers, enabling the industries to help shape a skilled future workforce and encouraging youth to explore career paths beyond traditional choices.

Hemal Lokugeegana assumes duties as new HDFC Bank CEO with other key appointments

Hemal Chaminda Lokugeegana has been appointed as General Manager/CEO of HDFC Bank of Sri Lanka, with effect from August 14, 2025 and officially assumed duties at the bank’s head office.

Consumers pinch pennies as living costs defy inflation data- Harischandra Mills

Harischandra Mills PLC, a household name in Sri Lanka, navigated a complex economic landscape in the 2024/25 financial year, where the official statistics showing a slowdown in inflation clashed with the reality of soaring living costs for the average consumer.

ASPI surpassed the 20,000 mark for the first time

Indices closed in green as a result of price gains in counters such as Commercial Bank, DFCC Bank and LOLC Holdings with the turnover crossing Rs. 9.5 Bn.

Market tone mixed as investors stay cautious

Rebounding from the previous day’s subdued tone, the secondary market saw mixed trading activity with moderate volumes.

HDFC Bank launches first ever green savings account

In support of the bank’s commitment to sustainability initiatives, HDFC Bank launched “Go Green” savings account recently.

People’s Leasing & Finance Toastmasters Club celebrates 10th Installation Ceremony

The People’s Leasing Toastmasters Club hosted its 10th Installation Ceremony on July 21.

Yashoda ignites Soorya’s groundbreaking retail outreach

Silver screen actress Yashoda Wimaladharma, the brand ambassador for Soorya matchboxes and incense sticks, recently made surprise visits to some of the brand’s key retail outlets across Kurunegala, Polgahawela, and Alawwa, where she engaged directly with store owners, listening to their experiences and understanding the realities they face.

CameraLK expands to Eastern Province opening latest showroom in Batticaloa

CameraLK marked another milestone with the grand opening of its newest showroom in Batticaloa, bringing world-class photography and videography gear to the Eastern Province.

ANC Education hosts pre-departure event for students heading to USA and Canada

ANC Education recently hosted a special pre-departure event to celebrate and support students who have secured their student visas to begin their higher education journey in the United States and Canada.

Rotary Sri Lanka’s New District Governor charts bold vision for SME revival

Delvin Pereira, Director at Amana Bank PLC and a banker with 37 years of experience in trade finance, SME lending, and risk management, has been appointed District Governor of Rotary Sri Lanka and Maldives for the 2025–2026 Rotary year.