PanAsian Power connects third 5MW solar project to national grid

PanAsian Power PLC announced the connection of its 5MW ground-mounted solar project in Kurunegala to the national grid on 14 July 2025, which according to the company marks a key step in the company’s renewable energy expansion.

ASPI hits all-time high with turnover exceeding Rs. 9bn

Indices closed in green as a result of price gains in counters such as John Keells Holdings, Commercial Bank and Access Engineering with the turnover crossing Rs. 9.1 bn.

Activity stalls as secondary market hits pause

Activity in the secondary market remained rather lethargic yesterday as Monday’s tepid atmosphere continued to hold firm.

Manufacturers unveil national call to produce medicine in Sri Lanka as strategic priority

The Sri Lanka Pharmaceutical Manufacturers’ Association (SLPMA), in a historic step, has issued a powerful national call to action urging all stakeholders to come together in a bold, unified effort to shape a future where Sri Lanka emerges as a trusted, high-quality and export-driven pharmaceutical manufacturing hub.

Bridjin enters transaction advisory space

One of Sri Lanka’s largest mergers and acquisitions was recently concluded between the promoter shareholders of East West Properties PLC and business magnate Dhammika Perera with Brigjin as the transaction advisor to the promoter shareholders.

Cargills appoints Chulantha Wickramaratne to board

Cargills (Ceylon) PLC announced the appointment of Chulantha Wickramaratne to its board as an Independent Non-Executive Director.

SL-France Business Council holds 21st AGM

The Sri Lanka-France Business Council (SLFBC) of The Ceylon Chamber of Commerce held its 21st Annual General Meeting (AGM) recently, with Ambassador of France to Sri Lanka Rémi Lambert, the patron of the council, in attendance as the chief guest.

EFC submits roadmap on good governance in social security institutions to Labour Minister

The Employers’ Federation of Ceylon (EFC) formally presented the position paper titled ‘Preserving Beneficiary Interests in Sri Lanka’s Social Security Institutions Through Good Governance’ to Labour Minister Anil Jayantha Fernando.

Sri Lanka Coffee Festival returns to highlands

The Export Agriculture Department, in collaboration with Australia’s Market Development Facility (MDF) and Lanka Coffee Association (LCA), successfully hosted the fourth annual Sri Lanka Coffee Festival recently in Kandy.

Browns marks 150 years with Rs.200mn dealer rewards

In an effort to honour the long-standing loyalty and performance of its key dealers across the island, Browns’ Battery and Tyre Strategic Business Unit (SBU) recently hosted a prestigious dealer appreciation ceremony at Galle Face Hotel.

Prime Group kicks off Skye Blossom Kotttawa construction

Against the backdrop of Kottawa’s evolving skyline and thriving suburb, Prime Lands ceremonially broke ground on Skye Blossom Kottawa, a high-rise development redefining the concept of contemporary living with an inspiring and powerful new philosophy - ‘A Home that grows with you’.

Groundworth introduces Urbanscape Kottawa residential and commercial plots

Groundworth Partners, Sri Lanka’s trusted name in premium residential land development, announced the official launch of its latest project – Urbanscape Kottawa, a strategically located residential and commercial land offering that guarantees high value, exceptional accessibility and unmatched return on investment.

Toyota Lanka unveils 2025 brand-new vehicle line-up at Toyota LIFE Grand Reveal

Toyota Lanka (Private) Limited officially unveiled its 2025 Toyota brand-new vehicle line-up in celebration of its 30th year of operations at the Toyota LIFE Grand Reveal.

Sri Lankan brands to make a mark at FHA-Maldives 2025

The Maldives’ most prestigious international hospitality trade event FHA-Maldives 2025 (https://fhamaldives.com) is set to return from September 7 to 9, at Central Park, Hulhumalé, with a powerful line-up of global exhibitors and this year, Sri Lankan companies are stepping into the spotlight like never before.

EDB kicks off application process for 27th edition of Presidential Export Awards

The Sri Lanka Export Development Board (EDB) announced yesterday that the applications for the 27th Presidential Export Awards are open.

IRD mandates stricter quarterly tax reporting for banks

Sri Lanka’s Inland Revenue Department (IRD) has imposed stricter new quarterly filing requirements for the banks and financial institutions handling advance income tax (AIT) deductions on interest payments, effective immediately. Under circular No. SEC/2025/E/05, issued by Commissioner General Rukdevi P.H. Fernando, only the institutions deducting 10 percent AIT on interest, discounts or Islamic financial transactions must now submit the detailed

Govt. inks debt restructuring deal with Saudi Fund for Development

Sri Lanka yesterday signed the bilateral amendatory loan agreements with the Saudi Fund for Development (SFD), a key step in its ongoing external debt restructuring process, the Finance Ministry said.

ICTA eyes 100+ onboardings and Rs.1bn in transactions within a year through GovPay

GovPay crosses 50-organisation mark; collects Rs.65.6mn to date

Positive momentum continues, with turnover surpassing LKR 9 Bn

Indices closed in green as a result of price gains in counters such as John Keells Holdings, Sampath Bank and Hatton National Bank with the turnover crossing Rs. 9.4 Bn. High net worth and institutional investor participation was noted in Sampath Bank, Asia Asset Finance and Ceylinco Holdings. Mixed interest was observed in John Keells Holdings, Tokyo Cement Company and Pan Asia Banking Corporation whilst retail interest was noted in First Capita

Sierra Cables to wind up Tea Leaf Resort subsidiary

Sri Lanka’s Sierra Cables PLC said it has resolved to voluntarily wind up its subsidiary The Tea Leaf Resort Holding (Private) Limited, in line with the provisions of Companies Act No. 07 of 2007.

Lack of market activity results in stable yield curve

The secondary market opened the week with limited trading activity, leading to a largely static yield curve. Among the few notable trades, the 01.05.2027 maturity traded at 8.35%, while the 15.03.2028 maturity traded at 8.76%. Similarly, the 01.05.2028 exchanged hands at the rate of 8.88%. Despite these transactions, the overall market environment remained quiet, preventing any significant movement or adjustment in the yield curve.

ComBank and Tantri Trailers to promote Green Financing for renewable energy solutions

The Commercial Bank of Ceylon PLC has signed a Memorandum of Understanding (MoU) with Tantri Energy, a subsidiary of Tantri Trailers (Pvt) Ltd., to promote the adoption of renewable energy solutions through the bank’s Green Loans and Green Leases.

People’s Bank launches SME Business Credit Card in partnership with Mastercard

People’s Bank has unveiled its latest credit card offering—the SME Business Credit Card—specially designed for Small and Medium Enterprise (SME) customers, in collaboration with Mastercard.

Venkadeshwara Agro Industries plans CSE listing

Venkadeshwara Agro Industry (VAI) operates within the first industrial estate in post war Sri Lanka, the Atchchuveli Industrial Estate, which is located within close proximity to the KKS Harbour and Palaly Airport,

Siyapatha Finance opens 54th branch in Kaduwela Dynamic City

Siyapatha Finance PLC recently opened its newest branch in Kaduwela, expanding its island wide network to 54 branches.

LOLC Finance Ran Savi revolutionizes Gold Loan top-ups with iPay

LOLC Finance continues to lead the way in digital transformation with the launch of its latest enhancement to the Ran Savi Gold Loan facility.

Beware of their tactics: Avoid pyramid schemes at any cost!

As the time-tested proverb goes, “wealth gained hastily will dwindle, but wealth accumulated through diligence will endure”, it is a well-established reality that financial prosperity cannot be achieved overnight through legitimate means.

Pharma industry warns of collapse without buyback extension

The Sri Lanka Pharma Manufacturers Association (SLPMA) issued a stark warning, stating the country’s domestic pharmaceutical production could plummet to a mere 5 percent of government supply if critical buyback agreements are not extended.

SLPMA launches five-pillar blueprint for pharma export hub vision

The Sri Lanka Pharma Manufacturers Association (SLPMA) has unveiled a five-pillar survival blueprint with a powerful national call to action urging all stakeholders to come together in a bold,

Sri Lankan rubber industry sounds “red alert”, demands top-level US talks to avert 30% tariff disaster

The Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) has issued an urgent and unequivocal demand for the government to initiate immediate, high-level engagement with US authorities,