ICC transforms space with prefinished timber flooring

Renowned for its high-quality craftsmanship and eco-friendly practices, ICC is revolutionizing flooring with its innovative designs and easy DIY installation.

June tourist arrivals surge with Bohra Convention

Sri Lanka’s tourism sector witnessed a significant uptick in arrivals this June, propelled by the influx of devotees for the Bohra Convention.

Don’t panic! Banks tell SMEs as parate relief ends

Sri Lanka’s licensed commercial banks urged small and medium enterprises (SMEs) to not panic, as concerns mount over the use of parate laws from 1 July.

Construction rebounds in May

The construction sector activities rebounded strongly in May after contracting in April on the availability of new projects, particularly in road development in a sign that the critical government funded infrastructure projects are gradually getting off the ground with the budget allocating the highest for any year for public investments.

External sector holds steady in May as remittances continue to do heavy lifting

Sri Lanka’s external sector continued to show signs of stabilisation in May 2025, with a current account surplus marking five straight months of gains.

India’s ‘Neighbourhood First’ policy takes centre stage at CII-CCC CEO roundtable

India’s ‘neighbourhood first’ policy framed talks between senior Indian and Sri Lankan executives on Monday (30 June), as business leaders from both countries pledged to deepen trade and investment links.

Crossings boost turnover

The ASPI closed in red as a result of price losses in counters such as Hatton National Bank, National Development Bank and CT Holdings with the turnover crossing Rs. 7.6 bn.

First Capital Holdings triumphs at 12th Annual Capital Market Awards

First Capital Holdings PLC emerged as a double award winner at the 12th Annual Capital Market Awards 2024. This milestone achievement reaffirms First Capital’s standing as a strong and influential force in Sri Lanka’s capital markets for the third consecutive year.

A day of lackluster activity and cautious interest

The secondary market extended Monday’s tone into yesterday’s session, with modest buying interest continuing to concentrate in the 2028 and 2029 maturities.

Shantha Bandara appointed as Pharmaceutical Industry Chamber President

The Sri Lanka Chamber of Pharmaceutical Industry (SLCPI) successfully held its 64th Annual General Meeting (AGM) recently at Cinnamon Grand Colombo.

DFCC Aloka surpasses 100,000 female clients

DFCC Bank PLC announced a landmark achievement: DFCC Aloka, the bank’s women-centric banking proposition, has now empowered over 100,000 women across Sri Lanka.

Chandana Aluthgama resigns as SLIC Group CEO

Sri Lanka Insurance yesterday announced the resignation of its Group Chief Executive Officer Chandana L. Aluthgama, effective (August 1, 2025).

Clogard to be featured in Kotler’s upcoming marketing publication

Hemas Consumer Brands announced that Clogard will be featured in the Sri Lanka and Maldives Edition of ‘Essentials in Modern Marketing’ by Kotler Impact Inc.

Abans Finance achieves 344% growth to reach Rs.951mn PBT in FY25

Abans Finance PLC has reported outstanding financial results for the year ending March 31, 2025, reinforcing its status as a resilient and growth-oriented member in Sri Lanka’s non-banking financial services sector.

HNB supports South Asia’s largest digital summit to drive innovation, collaboration

HNB has returned as the Official Banking Partner for DMASL Digital Summit 2025, reaffirming its continued commitment to digital innovation and industry development.

LOLC General Insurance honoured as a Company with Great Managers

LOLC General Insurance has been recognised as a Company with Great Managers for 2024, at the prestigious Great Manager Awards 2024, hosted by the Colombo Leadership Academy in collaboration with People Business for Leadership Excellence.

Lakshman Kadirgamar Institute’s emergency roundtable discussion focuses on ME tensions

The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKIIRSS) convened an Emergency Roundtable Discussion on ‘Tensions in the Middle East due to the Iran-Israel Conflict and Potential Impact’ recently, at the LKIIRSS boardroom.

Sithara receives ISO 14001, 45001 certifications

Sithara Limited, the pioneer of printing ink manufacturing in Sri Lanka, has recently been awarded ISO 14001 (Environment) and ISO 45001 (Health and Safety) Management System Certifications by Bureau Veritas Lanka (Pvt.) Ltd.

EFC re-elects Dinesh and Sanath as Chairman and Vice Chairman

The Employers’ Federation of Ceylon (EFC) concluded its 96th Annual General Meeting on June 30, at the Bandaranaike Memorial International Conference Hall.

Kreston Sri Lanka recognised as ACCA Approved Employer

Kreston Sri Lanka, a leading name in audit, tax and advisory services, has been officially recognised as an ACCA Approved Employer, a prestigious status granted to organisations that uphold exceptional standards in employee training and professional development, reflecting the ACCA’s global values of integrity, innovation and inclusion.

99x empowers tech talent through AI-driven culture

99x recognises that in today’s fast-moving digital economy, access to top-tier tech talent remains key to a nation’s progress and it distinguishes itself by nurturing that talent from within.

SME paddy millers, co-ops to get loans at 7% under Yala season credit scheme

The government would roll out a Rs.6.5 billion concessional loan scheme from today to support the small and medium-scale (SME) paddy millers and cooperative societies in purchasing paddy during the upcoming Yala season, the Development Finance Department said.

Colombo consumer prices fall 0.6% in June

Inflation in the Colombo district reached a tad closer to ending the months-long deflation, as the prices fell by 0.6 percent in June 2025 from a year ago, compared to a 0.7 percent decline in the prices in May.

Sticky trouble for F&B sector as new labelling rules kick in

The new food labelling and advertising regulations coming into force today risk turning the sweet gains sour for the local food and beverage (F&B) sector, the industry stakeholders said, describing the rules as impractical and a potential disruptor for the manufacturers across the board.

People’s Bank marks 64 years in SL’s banking sector today

People’s Bank, one of Sri Lanka’s largest state-owned commercial banks, marks 64 years in operation today, affirming its role in expanding formal banking access and advancing financial inclusion.

June ends with ASPI surpassing 18,000 mark for the first time

The ASPI closed in green as a result of price gains in counters such as Central Finance Company, John Keells Holdings and Commercial Bank with the turnover crossing

2028 and 2029 maturities draw quiet interest

The secondary market showed signs of selective investor interest yesterday, with a noticeable uptick in demand for the bonds maturing in 2028 and 2029.

EDB and Turkish envoy discuss avenues to enhance bilateral trade

Ambassador of the Republic of Türkiye, SemihLütfü Turgut, and the Export Development Board (EDB) recently engaged in discussions on fostering international relations and exploring trade opportunities between the two countries. The meeting was held at EDB on 12th June 2025.

Cargills Bank marks 11 years of purpose-driven banking

Cargills Bank celebrated its 11th anniversary on 30th June 2025, marking over a decade of transformative, inclusive banking dedicated to reshaping access to financial services across Sri Lanka.

APTS and Craft Silicon set new benchmark for digital and AI banking

In a significant move poised to redefine Sri Lanka’s financial sector, global fintech leader Craft Silicon and Sri Lankan ICT solutions provider APTS have officially entered into an exclusive partnership agreement. This collaboration marks the beginning of a transformative chapter for digital banking and financial services in Sri Lanka.