Kristall Spaces Lanka unveils 56-unit luxury apartment project

Kristall Spaces Lanka (Pvt) Ltd, an associate of the award-winning Austrian developer Kristall Group, has officially unveiled All-Suite Resort Talpe Heights. Situated along Sri Lanka’s “Golden Mile” adjacent to Dalawella Beach, between Unawatuna and Talpe, this BOI-approved development comprises 56 luxury oceanfront condominiums. The project, launched in Sri Lanka, offers investors premium residences with prices starting from Rs. 50 million for

Professional Certification Recognition at Asian Digital Finance Forum & Awards 2025

Picture shows the recipients of the Certified Competency Mapper and Certified Corporate Trainer programmes of the Global Academy of Finance and Management (GAFM), an international professional certification body, conducted under the GAFM Sri Lanka Chapter—an official supporting organization—at the Asian Digital Finance Forum and Awards 2025, held at Port City Colombo.

Sri Lanka on course for lowest budget deficit in decades while outperforming fiscal targets

As 2025 draws to a close, Sri Lanka is set to record its highest revenue intake and lowest fiscal deficit in many decades, with data for the first 11 months showing only a fraction of the deficit recorded in 2024.

Cartoon of the Day 30-12-2025

Market closes mixed after early rally

The Colombo Stock Exchange (CSE) concluded Monday’s session on a mixed note following an eventful day of trading. The market opened with strong positive momentum, with the All Share Price Index (ASPI) rallying to the 22,200 level, gaining as much as 135 points intraday, before easing into a sideways trajectory and closing modestly higher.

Tourist arrivals poised to shatter 2018 record following Christmas surge

Sri Lanka’s tourism industry is on the verge of a historic milestone as year-end arrivals move within striking distance of the all-time high recorded in 2018, according to the latest data from the Sri Lanka Tourism Development Authority (SLTDA).

Pickme calls for IGP intervention as ‘taxi mafias’ threaten tourist safety

Digital Mobility Solutions Lanka PLC (PickMe) has formally written to the Inspector General of Police (IGP) expressing grave concern over escalating incidents of intimidation, violence, and unlawful interference directed at independent transport providers in key tourist locations.

Shadow imports distort Sri Lanka’s computer hardware market – FITIS

Sri Lanka’s market for laptops and computer equipment is being increasingly distorted by illegal imports, counterfeit products, and used devices entering the country outside formal controls, the Federation of Information Technology Industry Sri Lanka (FITIS) warned.

CSE warns of fraudulent ‘BoMate’ app following investor complaints

The Colombo Stock Exchange (CSE) has issued an urgent public alert following several complaints from investors who were misled into using a fraudulent mobile application named ‘BoMate’.

Sanasa Life suspension extended through January following IRCSL directive

Sanasa Life Insurance Company PLC has officially informed the Colombo Stock Exchange (CSE) that its registration suspension has been extended by the Insurance Regulatory Commission of Sri Lanka (IRCSL).

Elephant House Ice Cream marks historic launch in Australia

Ceylon Cold Stores PLC (CCS), a subsidiary of John Keells Holdings PLC, has launched its iconic Elephant House Ice Cream in Australia, marking a bold step in the brand’s global expansion.

CA SL holds 27th Annual Tax Oration

In a comprehensive assessment of Sri Lanka’s economic journey, Central Bank Director Economic Research Dr. Sujeetha Jegajeevan stated that the nation’s profound crisis was the culmination of decades-long structural weaknesses that were amplified by the combination of external shocks and domestic policy missteps.

DIMO Agribusinesses strengthens Swaraj tractor after-sales service

DIMO Agribusinesses, the sole authorized distributor for Swaraj tractors in Sri Lanka, has significantly strengthened its after-sales service through a further expanded genuine spare parts network and Swaraj Parapura service initiative focused on Swaraj tractor owners who were getting ready for the Maha season, providing an enhanced ownership experience for customers.

HNB signals strong ESG commitment with oversubscribed Rs.10bn sustainable bonds

Hatton National Bank PLC (HNB PLC) commemorated raising Rs.10 billion with its first ever issuance of sustainable bonds by way of a market opening ceremony conducted on the trading floor of the Colombo Stock Exchange (CSE) last week.

Port City Colombo lights season with hope and unity

Port City Colombo marked the start of the festive season with its annual Christmas Tree Lighting Ceremony, held under the theme ‘Lights of Hope’, in alignment with the Western province’s initiative.

ComBank’s Cyclone Ditwah recovery support crosses Rs.125mn

As part of a series of relief measures under its ‘Rebuild Together’ theme, demonstrating its commitment to standing with Sri Lanka when it matters the most, Commercial Bank of Ceylon recently announced a total commitment exceeding Rs.125 million towards recovery efforts following Cyclone Ditwah,

Market edges higher in sideways trade

The Colombo Stock Exchange (CSE) extended its modest recovery for a second consecutive session, with both key indices closing slightly higher. Despite the positive close, trading activity remained largely range-bound, with the market lacking a clear directional bias amid the absence of supportive macroeconomic cues.

Market pauses decline

The Colombo Stock Exchange (CSE) saw a modest rebound on Tuesday, as the market took a breather after a prolonged downward trend, with the All Share Price Index (ASPI) closing marginally higher. Investor sentiment remained mixed, however, as gains in the broader market contrasted with a slight decline in the S&P SL20, reflecting selective buying amid cautious participation.

Exports rise 5.6% in November

Sri Lanka’s exports rose 5.56 percent year-on-year (YoY) in November 2025 to US $ 1.36 billion, supported by a steady growth in both merchandise shipments and services earnings, as the exporters sustained momentum amid the fragile global trade conditions, the official data showed.

November national prices soften on food and non-food price cooling

The consumer prices measured nationally showed the prices have risen by 2.4 percent in the 12 months through November 2025, somewhat softening from 2.7 percent through October, as both food prices and non-food prices cooled a bit.

Western province share of GDP at 42.4% in CY24 but rest share rose

The Western province added the most to the country’s total output, with a share of 42.4 percent in 2024 but its share came down from 44.0 percent in 2023, while the combined share of the other provinces rose, in a reflection that they are gradually adding more to the total economy.

Notice

Mirror Business will not be published from Wednesday, December 24, 2025 to Saturday, December 27, 2025, due to Christmas. The next edition will be on Monday, December 29, 2025.

Vidullanka emerges lowest bidder for mini hydropower project in Fiji

Vidullanka PLC announced it has emerged as the lowest-cost bidder for an engineering, procurement and construction contract to expand and upgrade a 100-kilowatt mini hydropower facility at Buca Village in Fiji, marking a potential overseas renewable energy win for the Sri Lankan firm.

Week begins with foreign buying

The ASPI closed in red as a result of price losses in counters such as Colombo Dockyard, Hatton National Bank and Richard Pieris & Company with the turnover crossing Rs. 2.9 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Hemas Holdings, Colombo Dockyard and John Keells Holdings. Mixed interest was observed in Colombo Dockyard rights, Tokyo Cement Company and Capital Alli

BOC Rs.20bn sustainability bond oversubscribed on opening day

Bank of Ceylon (BOC) announced yesterday that its sustainability bond issue, seeking to raise up to Rs.20 billion, was oversubscribed on its opening day.

A muted mood heading into festive season

The secondary market reflected a dull trading session, with limited activity and thin volumes observed during the day.

DFCC Bank gets green light for Standard Chartered retail, wealth banking acquisition

DFCC Bank has secured the regulatory clearance to move ahead with its proposed acquisition of the wealth and retail banking business of Standard Chartered Bank’s Sri Lanka branch, the lender said in a stock exchange filing yesterday.

SriLankan launches operations at Terminal 1 of Velana Int’l Airport

SriLankan Airlines officially transitioned its operations to Terminal 1 at Velana International Airport, Malé, effective 17 December 2025.

Hayleys Solar wins at SLIM Digis 2025

Hayleys Solar, the renewable energy arm of Hayleys Fentons Limited, was recognised for the first time at SLIM Digis 2025, receiving the Best Use of Digital in a Marketing Campaign award in the Energy and Utilities category for its ‘Energy Peramuna’ Election Campaign.

George Steuart explores trade and expansion opportunities in Africa

George Steuart & Company participated in a series of high-level engagements organised by the Commonwealth Enterprise and Investment Council (CWEIC) in Africa during the latter part of 2025.