OFFMARKS unveils two skincare products

OFFMARKS, one of Sri Lanka’s leading names in skincare, has launched two new products aimed at protecting and rejuvenating the skin: the Collagen + Vitamin C Skin Serum and the Bright & Protect Sunscreen.

Seylan Bank introduces ‘Athwela’ to strengthen country’s agriculture sector

Seylan Bank, in collaboration with the Department of Development Finance, has introduced ‘Seylan Athwela’, a concessionary financing initiative designed to strengthen Sri Lanka’s agriculture sector by improving access to affordable funding for farmers, agribusinesses, and agriculture-related enterprises.

Stanley Lifestyles enters Sri Lanka through strategic partnership with Singer

Stanley Lifestyles, India’s leading luxury furniture and lifestyle brand, has officially entered the Sri Lankan market through a strategic partnership with Singer Sri Lanka PLC, the country’s leading retailer, introducing a distinguished collection of world-class furniture defined by exceptional craftsmanship, refined design, and uncompromising quality.

Dialog Introduces Dialog Pay, Unifying Connectivity, Payments and Financial Services

LB Finance tops 4Q ranking of Sri Lanka’s largest listed finance companies

LB Finance PLC has emerged as the top-ranked company among Sri Lanka’s eight largest listed finance companies for the fourth quarter of financial year 2025/26, outperforming the larger rivals on a composite score spanning profitability, efficiency, asset quality and growth, according to a sector ranking report released by K Seeds Investments (Pvt.) Ltd. Colombo-based boutique investment bank and advisory firm, K Seeds Investments (Pvt.) Ltd, has

CEAT Kelani strengthens SUV tyre portfolio with two new additions

CEAT Kelani Holdings has expanded its radial tyre portfolio in Sri Lanka with the launch of two new SUV-focused products engineered to deliver a superior blend of control, comfort and durability across the country’s diverse driving conditions.

All 10 turbines now in Sri Lanka as HayWind accelerates Mannar Wind Farm development

HayWind One Limited, the wind energy arm of Hayleys Fentons Limited, has announced that all 10 wind turbines for its 50MW Mannar Wind Farm Project have now arrived in Sri Lanka, marking a key milestone as the project advances into its peak construction and installation phase.

EFC new Chair reaffirms commitment to national employment policies and responsible business initiatives

The Employers’ Federation of Ceylon (EFC) recently concluded its 97th Annual General Meeting at the BMICH.

Uber arrives in Sri Lanka’s gem capital

Uber, Sri Lanka’s leading ride-hailing and delivery platform, announced the launch of Uber Eats and Uber Rides in Ratnapura, further expanding its footprint across the island. Residents and visitors can now access food, groceries, everyday essentials and reliable transportation through the Uber app, while local merchants, delivery partners and drivers gain new opportunities to grow and earn.

Early market gains fade as selling pressure dominates trading

The Colombo Stock Exchange ended today’s session in negative territory after failing to sustain a positive start. Both indices opened higher, reflecting early buying interest, but sentiment weakened as the session progressed, with profit-taking in several index-heavy counters eroding initial gains. Consequently, the ASPI declined by 98.08 points (-0.44%) to close at 22,080.65, while the S&P SL20 fell by 27.17 points (-0.44%) to 6,076.18.

AWS to charge 18% VAT on unregistered Sri Lankan customers, but implementation date still pending

Amazon Web Services (AWS) has notified its Sri Lankan customers that it will begin charging 18 percent Value Added Tax (VAT) on invoices for AWS cloud services and AWS Marketplace purchases, unless customers are VAT-registered and have submitted a valid Tax Registration Number (TRN) to the company.

Colombo condo sales plunge 15.2% in 1Q amid soaring prices

A sharp 15.2 percent year-on-year drop in condominium property sales volumes stole the spotlight in the first quarter of 2026, even as prices for new units continued their aggressive upward march.

Unemployment drops to 3.7% in 1Q amid shrinking workforce, inflation pressures

Sri Lanka’s official unemployment rate ticked down to 3.7 percent in the first quarter of 2026, down from the 3.8 percent reported during the corresponding period last year, according to the Central Bank of Sri Lanka.

Central Bank pulls the plug on Nation Lanka Finance after failed rescue attempts

The Central Bank of Sri Lanka has officially cancelled the finance business licence of Nation Lanka Finance PLC, effective July 3, 2026, moving to liquidate the chronically distressed firm after exhaustive restructuring efforts failed to yield a viable revival plan.

Trade policy expert urges quality growth initiative with JICA assistance to boost exports

Dr. Lakna Paranawithana, an independent management consultant who played a key role in developing the Sri Lanka Rubber Master Plan and served as a senior advisor to the government,

PGP Glass exports fall 22% as furnace overhaul forces shift to home market

PGP Glass Ceylon PLC, the country’s sole glass packaging manufacturer, saw export sales fall 22 percent to Rs. 5.22 billion in the financial year ended 31 March 2026, from Rs. 6.72 billion a year earlier, as a two-month old repair of its Horana furnace forced management to redirect scarce production capacity to protect domestic supply.

Sri Lanka seeks high-value Australian travellers through influencer push

Sri Lanka is intensifying efforts to attract Australian travellers through a high-profile influencer marketing campaign, as Australia emerges as one of the country’s fastest-growing and increasingly important tourism source markets.

Hayleys Mobility opens new Bellanthara workshop facility

Further strengthening its customer-focused service strategy, Hayleys Mobility Limited has opened a new workshop facility at No. 88, Nikape Aththidiya Road, Bellanthara, extending access to high-quality after-sales support for vehicle owners.

Maharaja Foods announces strategic board changes

Maharaja Foods PLC announced a series of changes to its board of directors, aimed at strengthening governance and accelerating the group’s next phase of growth.

Melwa powers WiNE Forum 2026

Melwa, one of Sri Lanka’s leading steel manufacturers and engineering solutions providers, partnered with the Institution of Engineers, Sri Lanka (IESL) to support WiNE Forum 2026, organised in celebration of the International Women in Engineering Day.

Assetline Insurance Brokers-Toyota Lanka enhance customer protection and convenience

Assetline Insurance Brokers (Pvt.) Ltd (AIBL), the insurance arm of the David Pieris group and one of Sri Lanka’s leading insurance brokering companies, has entered into a strategic partnership with Toyota Lanka (Private) Limited through the signing of a memorandum of understanding, aimed at delivering enhanced value, convenience and comprehensive insurance solutions to the customers across the country.

Würth Lanka receives Great Place to Work certification

Würth Lanka (Pvt.) Ltd, the leading automotive aftermarket, hardware, industry and construction solutions specialist, was recently awarded the Great Place to Work certification, affirming its status as an employer of choice in Sri Lanka’s corporate landscape.

DIMO expands renewable energy portfolio with 18MW solar power addition in Galle

DIMO has successfully developed four new solar power plants in the Galle district, adding a total of 18MW of clean energy capacity to Sri Lanka’s national grid, further strengthening its renewable energy portfolio.

SEC warns influencers, social media users over illegal investment advice

Capital market regulator, the Securities and Exchange Commission (SEC) issued a fresh warning to social media users, cautioning that strict enforcement action will be taken against individuals who misuse the Colombo Stock Exchange (CSE) name or logo, falsely present themselves as stock market authorities, or publish investment recommendations without the required regulatory approval.

Atlas launches Sri Lanka’s first SLS certified water bottle

Atlas has introduced Sri Lanka’s first SLS certified water bottle, extending that commitment beyond learning by offering parents a trusted and certified choice for one of their children’s everyday essentials.

Perpetual Treasuries’ business suspension extended

The Central Bank of Sri Lanka, acting in terms of the Regulations made under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance,

hSenid plans 3.6 mn employee share incentive programme

hSenid Business Solutions PLC announced it has proposed a new Employee Share Option Plan (ESOP) to utilise more than 3.6 million shares that remained ungranted under its previous employee share ownership scheme.

ASUS strengthens retail strategy launching 3rd exclusive store in Galle

As a step towards strengthening the brand’s retail footprint across the country, ASUS Sri Lanka, a Taiwanese tech giant announced the launch of its third exclusive store in the country, now opened in Galle.

Seylan Bank launches Google Pay Integration for Seylan Cards

Seylan Bank PLC recently announced a major advancement in Sri Lanka’s digital payments landscape through the integration of all Seylan Credit and Debit Cards with Google Pay, enabling customers to make seamless, secure, and contactless transactions directly from their Android devices.

Cartoon of the Day 04-07-2026