AASL denies link between asset gap and BIA Terminal 2; clarifies audit queries

Airport and Aviation Services (Sri Lanka) (Private) Limited (AASL) has categorically rejected any connection between the audit qualifications cited in its 2024 annual report and the ongoing BIA Terminal 2 project (BIADP Phase II).

Higher tea offerings meet fair demand at weekly auction

The auction offering totalled 6.4 million kilogrammes (M/Kgs), up from a 6.0 M/Kgs on offer the previous week.

Sri Lanka showcases excellence at Grüne Woche 2026 in Berlin

The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) successfully organised the Sri Lankan National Pavilion at Grüne Woche, the world’s largest B2C trade fair for food, beverages and agriculture, currently taking place in Berlin, Germany.

ASPI gains 0.9% during the week

The ASPI closed in green as a result of price gains in counters such as LOLC Holdings, Colombo Dockyard and Commercial Bank with the turnover crossing Rs. 10.5 Bn.

Buying interest supports secondary market as mid to long-term yields ease

The secondary market recorded moderate trading volumes, with buying interest evident, while yields across the mid to long-term tenures edged slightly lower.

‘Salam Ramadan’ returns as a citywide celebration of SL’s Muslim heritage

Salam Ramadan 2026’, Sri Lanka’s foremost Muslim Food and Cultural festival will be held at Green Path on 27th and 28th February, and 1st March 2026, from 5.00 p.m. to midnight.

IChemc captivates future scientists at EDEX Expo 2026

The IChemC stall at the EDEX Expo 2026, held from January 16 to 18 at the Bandaranaike Memorial International Conference Hall (BMICH), attracted significant attention from students and parents who were eager to explore opportunities in the field of chemical sciences.

CINEC celebrates 1,800 graduates and announces Open Day

CINEC Campus Sri Lanka recently hosted its 2025 Graduation Ceremony at BMICH, recognising over 1,800 graduates from across its academic departments.

Melwa donates school supplies to children affected by recent environmental disasters

Steel manufacturer Melwa has extended its support to school children affected by the recent cyclone, distributing essential stationery and school equipment.

TSV launches ‘Counselify.ai’ CV analyzing website

Counselify.ai, a one of a kind cost free digital tool analyzing CVs through a website providing best options for migrating students for further education, was recently launched by The Students Visa (TSV), a visa consultancy service in Colombo.

People’s Bank presents gifts on first day of school

People’s Bank has once again made arrangements to present a special commemorative gift to children on their first day of school.

SLIC General and SLIC Life lend hand to flood-affected communities

Sri Lanka Insurance General (SLICGL) and Sri Lanka Insurance Life Limited (SLICLL) stepped forward with compassion and commitment, launching an island wide programme to support communities devastated by the recent floods.

WCIC Prathibhabhisheka Awards 2025

The WCIC Prathibhabhisheka Women Entrepreneur Awards 2025 held on 13th of Jan 2026, celebrated forerunners that contribute as women-owned/women-led businesses in Sri Lanka.

Market surges as ASPI nears 24,000 mark

The Colombo Stock Exchange closed on a strong bullish note today, with both benchmark indices recording notable gains as investor optimism continued to build. The ASPI climbed 142.74 points (+0.60%) to close at 23,956.51, edging closer to the psychologically important 24,000 all-time high level, while the S&P SL20 added 31.65 points (+0.48%) to finish at 6,649.50.

Sri Lanka’s tea exports cross US$ 1.5bn mark in 2025

Sri Lanka’s tea export earnings climbed past the US$ 1.5 billion mark in 2025, up from about US$ 1.4 billion in 2024, underpinned by higher prices and steady demand for value-added products, even as shipment volumes showed mixed trends through the year.

SL hits US$ 1bn FDI target as investors test waters

Sri Lanka crossed the US$ 1 billion mark in foreign direct investment (FDI) inflows in 2025 for the first time since the crisis. However, analysis of the data shows that the recovery remains uneven since the inflows are still dominated by debt-like instruments rather than fresh equity capital.

Hayleys declares Rs. 6 interim dividend

Hayleys PLC, one of Sri Lanka’s diversified conglomerates, announced an interim dividend of Rs. 6 per share for the financial year ending 31 March 2026, alongside plans to raise fresh capital through a rights issue.

LOLC Holdings-PickMe-Browns EV to accelerate SL’s transition to inclusive electric mobility

LOLC Holdings PLC has entered into a strategic mobility collaboration with PickMe, to accelerate the adoption of electric vehicles (EVs) while creating an inclusive and sustainable vehicle ownership pathway for independent ride-hailing drivers across the country.

LB Finance PAT up 24% to Rs. 8.9bn

LB Finance PLC for the nine months ended 31 December 2025 recorded a 24 percent year-on-year increase in Profit After Tax (PAT) to Rs. 8.93 billion, underpinned by sustained income growth and a sound financial position. The company’s total assets increased to Rs. 349.4 billion as at 31 December 2025. On a consolidated basis, the Group reported a Profit After Tax of Rs. 9.04 billion, with total Group assets crossing Rs. 369 billion, driven by the

HIP initiates Sri Lanka’s first fully automated paperless port gate pass

Hambantota International Port (HIP) has launched its Automated Gate Pass Management System (AGPMS), becoming the first port in Sri Lanka to introduce a fully automated, QR-code-based, paperless gate pass solution. The initiative marks a major step forward in HIP’s digital transformation, strengthening efficiency, security, and access control across port operations.

Anilana Hotels hunts for strategic investor amidst ‘serious loss of capital’ and boardroom wars

Anilana Hotels and Properties PLC is urgently scouting for a new strategic investor to infuse fresh capital and restart its dormant operations, as the hospitality group battles a deepening financial crisis and the fallout from a bitter boardroom power struggle allegedly triggered by unauthorised asset disposals.

Indices close on a mixed note

The ASPI edged up as a result of price gains in counters such as Hatton National Bank, DFCC Bank and United Motors Lanka with the turnover crossing Rs. 8.3 bn.

The North Star Strategy: How Commercial Bank is Defining the Digital Future of Sri Lanka

In a financial landscape where speed is currency and convenience is king, Commercial Bank has quietly orchestrated one of the most radical digital transformations in the region. We sat down with the Chief Information Officer to look under the hood of this digital engine. This isn’t just about updating software; it’s about upgrading the entire banking DNA of Sri Lanka to serve a future that is already here.

Secondary market sees mixed activity amid moderate volumes

The secondary market yesterday depicted moderate volumes with mixed activity, whereas the yields broadly held steady.

FRELLA launches world-class wellness products locally with Baurs & Co.

FRELLA, Sri Lankan-born and internationally-respected natural beauty and wellness brand, is setting the stage to expand operations by entering the Sri Lankan retail market.

CBL Group acquires Indonesian coconut company TJT

CBL Group, one of Sri Lanka’s largest diversified food manufacturing conglomerates, announced the strategic acquisition of PT Tri Jaya Tangguh Indonesia (TJT), a large coconut processing facility, with an investment of over US $ 25 million.

CIM appoints new committee to elevate marketing capability in Sri Lanka

The Chartered Institute of Marketing (CIM) announced the appointment of the CIM Sri Lanka Professional Member Support Committee (SLPMSC).

CSE donates Rs.25mn to post-Ditwah Rebuilding Sri Lanka Fund

The Colombo Stock Exchange (CSE) recently made a significant donation of Rs.25 million to support the Rebuilding Sri Lanka Fund, in support of post-Cyclone Ditwah reconstruction.

Regen Renewables powers Jay Jay Mills Lanka with multi-location solar project

Regen Renewables has successfully delivered a 5,476 kWp multi-location industrial solar installation for Jay Jay Mills Lanka (Pvt.) Ltd, representing a major milestone in the company’s renewable energy journey.

Market holds steady as earnings season picks up pace

Following yesterday’s exceptional gains, the Colombo Stock Exchange closed on a mixed note today, with the ASPI ending marginally positive while the S&P SL20 finished slightly lower.