Shareholders snub Senthilverl Holdings’ mandatory offer for Serendib Land

The mandatory offer extended by Senthilverl Holdings (Private) Limited to acquire the remaining shares of Serendib Land PLC concluded without a single shareholder accepting the bid.

Indices close in red

The ASPI closed in red as a result of price losses in counters such as Colombo Dockyard, Commercial Bank and Nations Trust Bank with the turnover crossing Rs. 4.6 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in ACL Cables,

Week begins with lower yields in secondary market

As the week started, the secondary market depicted limited activity amidst moderate volumes.

Sarvesh Suri named IFC’s new Regional VP for Asia and the Pacific

Sarvesh Suri is named IFC’s Regional Vice President for Asia and the Pacific, bringing 25 years of global investment and development expertise as well as a proven track record of fostering public-private collaborations. In making the announcement, IFC confirmed that Suri will strategically lead all investment and advisory operations in the region by mobilizing the private sector to address complex development challenges and create jobs.

Dr. Kelum Senanayake appointed Consultant to Ceylinco Life

Ceylinco Life has announced the appointment of Dr. Kelum Senanayake as a Consultant, reinforcing the company’s strategic focus on capability building, training excellence, product innovation and operational rigour.

LOLC General Insurance provides immediate EV replacements for affected policyholders

As part of a synergistic collaboration with Browns EV, LOLC General Insurance has initiated the replacement of brand-new EV vehicles for its policyholders whose Browns EVs were declared a total loss due to the recent disaster caused by Cyclone Ditwah.

EFC National Best Employer Awards 2025 to be held today

The Employers’ Federation of Ceylon (EFC) will host the inaugural EFC National Best Employer Awards 2025 today at the Galle Face Hotel, commencing at 6.00 p.m. The event, originally scheduled for December 2025, was postponed due to the recent cyclone disaster.

NSB launches ‘Tap &Pay’ Contactless Payment Solution

National Savings Bank (NSB) has launched ‘Tap & Pay’ contactless payment functionality on the NSBPay mobile application, becoming the first bank in Sri Lanka to introduce in-app contactless payments.

Mark and Comm brings enterprise-level social listening and intelligence solutions to SL

As social listening evolves from basic brand monitoring into a strategic driver of business growth, Mark and Comm (Pvt) Ltd is positioning Sri Lankan businesses at the forefront of this transformation through its exclusive partnership with Hootsuite and Talkwalker.

Hemas Holdings announces transformation drive to accelerate Group growth

Hemas Holdings PLC announced a significant transformation drive; Project Fusion aimed at accelerating the Group’s growth through faster decisionmaking, greater agility, and stronger data-driven capabilities.

Rocell unveils Concept Center in Kandy

Rocell has expanded its footprint with the opening of a state-of-the-art Concept Centre in Kandy. As the flagship brand of Royal Ceramics Lanka PLC, this new destination serves as a testament to Rocell’s unwavering commitment to design excellence.

Icon V Talpe invites global buyers to experience elite beachfront living

Icon V Talpe, an iconic oceanfront hotel style residential development by Odiliya Group Ltd, is redefining luxury coastal living along Sri Lanka’s picturesque southern coastline.

S G Actuarial Consultancy excels at National Management Excellence Awards 2025

S G Actuarial Consultancy (Pvt) Limited recently won an award at the National Management Excellence Award (NMEA) 2025 awarded by the Institute of Management of Sri Lanka (IMSL), sole representative and full member of the Asian Association of Management Organisations (AAMO).

SLIIT hosts 4th International Conference on Sustainable and Digital Business

The SLIIT Business School hosted the 4th International Conference on Sustainable and Digital Business (ICSDB 2025), bringing together global academics, industry leaders, and policymakers to explore the intersection of sustainability and digital innovation. The hybrid-format conference, held across two premier venues the SLIIT Main Auditorium, Malabe, and Waters Edge Hotel, Battaramulla allowed participants from around the world to engage both in-

PayMedia appoints Dhammika Dasa as COO

PayMedia (Pvt)Ltd announced the appointment of Dhammika Dasa as its new Chief Operating Officer (COO), effective from November 18, 2025.

Nawaloka Hospitals announced Platinum Sponsor of ‘Medicare 2026’

Nawaloka Hospitals PLC will serve as the Platinum Sponsor of the 15th edition of the ‘Medicare’ International Healthcare Exhibition 2026, where it will unveil its latest AI-driven technologies.

Market retreats as profit-taking surfaces near ATH levels

The Colombo Stock Exchange (CSE) opened the week on a cautious note, as both benchmark indices declined throughout the session. Despite healthy trading volumes and elevated turnover, investor sentiment remained subdued amid ongoing profit-taking after recent rallies and the market’s proximity to all-time high levels.

SL must focus on addressing the real economy as country enters 2026: Verité Research Chief

Sri Lanka must urgently pivot from a narrow focus on crisis management and International Monetary Fund (IMF) targets to a holistic developmental agenda that addresses the real economy as the country enters 2026.

EVs make up 10% of Sri Lanka’s 2025 vehicle imports as market rebounds

Sri Lanka’s automotive sector witnessed a significant shift in 2025, with electric vehicles (EVs) capturing 10 percent of total passenger vehicle imports following the lifting of prolonged import restrictions.

Domestic demand resilient despite logistical strains: PMI Data

Sri Lanka’s private sector closed 2025 on a firm footing as both manufacturing and services activities expanded sharply in December, highlighting resilient domestic demand and improving business sentiment despite early weather-related disruptions.

IMF insists on cost-reflective electricity tariffs amidst disaster recovery

The International Monetary Fund (IMF) has reiterated the critical necessity of maintaining cost-recovery electricity pricing mechanisms, asserting that fiscal sustainability cannot be compromised even as Sri Lanka navigates the economic fallout from Cyclone Ditwah.

Tourist arrivals expand 9.4% in January first half

Sri Lanka’s tourism industry has recorded a robust start to the new year, welcoming a total of 131,898 international visitors during the first 15 days of January 2026.

Vallibel Finance announces Rs. 2.1bn rights issue to strengthen capital base

Vallibel Finance PLC, the finance company controlled by businessman Dhammika Perera, has announced a rights issue to raise approximately Rs. 2.12 billion to strengthen its Tier 1 capital base.

Sri Lanka isn’t yet seen as a tech market: nVentures MD

Sri Lanka’s startup ecosystem is quietly crossing an inflection point, even as capital and talent constraints continue to dominate the narrative.

JAT Holdings celebrates 6th Pintharu Abhiman Convocation

JAT Holdings PLC marked a significant milestone with the successful conclusion of the 6th JAT Pintharu Abhiman Convocation,

AIA Insurance Lanka partners with CBC Finance to offer comprehensive financial protection solutions

AIA Insurance Lanka Limited has entered into a strategic partnership with CBC Finance Limited, marking a significant milestone in its mission to enhance financial security and convenience for Sri Lankans.

First Capital to unveil SL’s economic outlook, investment strategies for 2026

First Capital Holdings PLC (the group), a subsidiary of JXG (Janashakthi Group) and a pioneering force in Sri Lanka’s investment landscape, is set to host the 12th edition of its renowned First Capital Investor Symposium on January 22, 2026, at Cinnamon Life Colombo, starting from 5:30 p.m. onwards.

Janashakthi Life strengthens executive team

Janashakthi Life, a leading name in the insurance industry and a subsidiary of JXG (Janashakthi Group), announced the appointment of two distinguished leaders to its executive team.

SDB bank names Manoj Akmeemana as Deputy CEO

SDB bank appointed Manoj Akmeemana as its Deputy Chief Executive Officer, marking a significant leadership appointment, as the bank continues to strengthen its executive capacity to support long-term growth, sharper execution and stronger institutional resilience.

Samsung wins Superbrands Sri Lanka’s Choice award

Samsung has been conferred the prestigious Superbrands – Sri Lanka’s Choice 2025 award, reaffirming the brand’s position as one of the most trusted and admired technology brands in the country.