GV Auto strengthens Sri Lanka’s EV landscape with global brands

Gavinro International recently launched its electric vehicle arm, GV Auto, a modern, practical, cost-effective solution for navigating a rapidly evolving economic and energy landscape today. Building on its legacy of innovation and forward-thinking enterprise, the GavinroGroup of Companies over the years has established a strong presence across multiple sectors, guided by a commitment to delivering future-ready solutions that align with changing

Cargills Dairies strengthens research and learning facilities at Peradeniya University

In response to the recent floods that affected the infrastructure of the Faculty of Agriculture at the University of Peradeniya, Cargills Dairies (Pvt) Ltd a fully owned subsidiary of Cargills (Ceylon) PLC, through its leading ice cream brand Magic, donated laboratory equipment and laptops to support the restoration of faculty facilities.

World Bank Group launches ‘Water Forward’ to combat global water crisis

Four billion people across the globe continue to face water scarcity, the World Bank Group (WBG) warned, highlighting the growing economic risks linked to water insecurity. Unveiling its new global platform, Water Forward, the WBG noted that around 1.7 billion jobs worldwide depend directly on water, underlining its critical role in sustaining livelihoods and economic productivity.

SL recovery on edge as Middle East shock ripples through economy: CBSL

Sri Lanka’s economic recovery is entering a more fragile phase, with the Central Bank warning that rising geopolitical tensions in the Middle East are beginning to test the resilience built through recent stabilisation efforts, even as domestic conditions remain broadly supportive of growth.

Insurance sector sets sights on Rs. 700bn premium target with new seven-pillar strategy and state backing

The Insurance Regulatory Commission of Sri Lanka has launched a comprehensive seven-pillar strategy designed to double the country’s insurance penetration by 2030 and triple it by 2035.

ComBank COO Prabagar retires after three decades of service

The Commercial Bank of Ceylon announced the retirement of its Chief Operating Officer and Executive Director S. Prabagar, from the Bank with effect from 26th April 2026, concluding a distinguished career spanning over 30 years of dedicated service.

People’s Bank presents 2025 Annual Report to President

People’s Bank presented its 2025 Annual Report themed ‘Rising Higher, Reaching Further’ to President Anura Kumara Dissanayake, at the Presidential Secretariat.

March national prices quicken over higher energy costs

Consumer prices measured by the National Consumer Price Index (NCPI) partly reflected the economy-wide price increases during March in response to the thrice raised fuel prices in response to the war in the Middle East.

WEAIR enters Sri Lanka’s aviation sector

WEAIR, a new entrant into Sri Lanka’s aviation sector, is set to commence operations in May 2026, aiming to strengthen the country’s air freight capacity and enhance regional connectivity.

Net foreign buying after 21 sessions

The ASPI closed in green as a result of price gains in counters such as Bukit Darah, Central Finance Company and Melstacorp with the turnover crossing Rs. 3.5bn.

Secondary market concludes yet another muted session

The secondary market withstood another lackluster trading session yesterday, characterized by thin volumes and mixed activity.

SLT-Mobitel recognised as Sri Lanka’s #1 Best Mobile Network by Ookla

Reaffirming its commitment to offering superior network experience, SLT-Mobitel Mobile has been crowned as Sri Lanka’s #1 Best Mobile Network by Ookla, the global leader in internet performance testing and analytics, at the recently concluded Mobile World Congress 2025.

Janashakthi Insurance appoints new directors

Janashakthi Insurance PLC has appointed Hasitha Leanage and Hugh Terry as Independent Non‑Executive Directors to the board, with effect from April 20, 2026.

HNB Life unveils Wing for Life campaign

Marking a significant milestone in its journey, HNB Life has officially launched its new brand campaign ‘Wing for Life’, as part of its transformation from HNB Assurance.

LOLC Insurance earns dual honours at Great Managers Awards 2025

LOLC Life Assurance and LOLC General Insurance were recognised for leadership excellence at Great Managers Awards 2025, reflecting the companies’ continued focus on cultivating high-impact leadership capabilities that drive organisational performance and sustainable growth.

VentureTECH invests in Sri Lankan-founded cybersecurity company DeltaSpike

DeltaSpike, a Sri Lankan-founded cybersecurity technology company headquartered in Malaysia, has secured a strategic investment from VentureTECH, a Malaysian government-backed impact investment firm.

Barista Sri Lanka marks World Earth Day

Marking the World Earth Day, Barista Sri Lanka reaffirmed its commitment to sustainability, reflecting the brand’s broader focus on responsible growth, innovation and environmental stewardship.

Union Bank holds Annual General Meeting

The 31st Annual General Meeting of Union Bank was held recently at the Sri Lanka Foundation Institute, Colombo.

CIC Holdings partners with OrphanCare

Diversified conglomerate CIC Holdings PLC has partnered with OrphanCare Trust as a Corporate Partner, supporting the trust’s mission of securing the future of orphans who transition out of institutional care upon reaching the age of 18.

Best Management Practices Awards 2026 LIMRA Holdings among Top 40 Outstanding Companies and achieves Gold

LIMRA Holdings Limited, one of Sri Lanka’s most diversified and quietly ambitious conglomerates, has earned a landmark double recognition at Best Management Practices Company Awards 2026 held recently.

SL’s rebound fades into slower growth as energy costs, structural gaps weigh: WB

Sri Lanka’s post-crisis rebound is set to lose momentum in 2026, with the growth moderating as the higher energy costs, structural bottlenecks and external risks begin to weigh on the economy, the World Bank said. The World Bank’s outlook also echoes that of the International Monetary Fund (IMF) and Asian Development Bank (ADB) earlier this month.

Sri Lanka documentary wins top TV broadcast award in London

Sri Lanka’s storytelling excellence took centre stage at Inspire Global Media Awards 2026, held recently in London, United Kingdom.

Record liquor revenue of Rs.70.4bn achieved up to March 31- Excise

A record revenue of Rs.70.4 billion has been earned through taxes on liquor by the Excise Department of Sri Lanka (EDSL) up to March 31, making a significant increase in the percentage from the stipulated target of Rs.61.95 billion meant for the first quarter of 2026, the department announced yesterday.

CB releases Annual Economic Review 2025

Annual Economic Review 2025, the publication in accordance with Section 80 of the Central Bank of Sri Lanka Act, No. 16 of 2023, was presented to President and Finance, Planning and Economic Development Minister Anura Kumara Dissanayake by Central Bank Governor Dr. P. Nandalal Weerasinghe yesterday.

WindForce consolidates subsidiaries in internal share transfer move

WindForce PLC has approved an internal restructuring to transfer the shareholdings of three of its power subsidiaries from its fully-owned unit Renewgen (Pvt.) Ltd directly to the listed parent, as part of what the company described as a “strategic management decision”.

Week begins in red

The ASPI closed in red as a result of price losses in counters such as R I L Property, C T Holdings and Dialog Axiata with the turnover crossing Rs. 4.1 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Access Engineering, Janashakthi Insurance Company and Central Finance Company. Mixed interest was observed in Softlogic Finance, Hikkaduwa Beach Resort and Softlogic Capital

Aventude wins top honours for Engineering Excellence

Aventude has secured a major win at the Singapore Business Review Technology Excellence Awards 2026, taking home the award for Information Management - Computer Software in recognition of its outstanding engineering contribution to Norway’s public sector digitalisation through the low code platform, Compose.

Aitken Spence Travels shines at CPM Best Management Practices Company Awards

Aitken Spence Travels has once again reaffirmed its leadership in Sri Lanka’s tourism sector, being recognised as a Category Winner in the Hospitality & Tourism Services sector at the CPM (Chartered Professional Management) Best Management Practices Company Awards 2026 for the third successive year. Achieving a significant milestone, the company was also listed among Sri Lanka’s Top 40 companies for the first time, underscoring its continued comm

ComBank disburses over Rs. 14 billion in targeted MSME lending

The Commercial Bank of Ceylon has announced that it has disbursed more than Rs. 14 billion through 11,869 loans under a range of specialised credit schemes in the 15 months from 1st January 2025 to 31st March 2026, reaffirming its leadership in supporting Sri Lanka’s micro, small and medium enterprises (MSMEs).

Union Bank appoints Shaheeda Barrie to board

Union Bank has announced the appointment of Shaheeda Barrie as an Independent Non-Executive Director to the Board of Directors.