OCC clears proposed settlement for SriLankan Airlines borrowings

The Official Creditor Committee (OCC) has formally granted a “no objection” clearance, enabling Sri Lanka to proceed with its proposed settlement arrangements for foreign borrowings guaranteed by the government for SriLankan Airlines.

Cartoon of the Day 20 -12-2025

SLT-Mobitel ushers in a new era of internet connectivity with launch of 5G internet

SLT-Mobitel yesterday officially launched its 5G network for the public at an event held at One Galle Face (OGF) Mall in Colombo 1.

Browns Investments completes US $ 57.5mn sale of Maldives resort

Browns Investments PLC announced its subsidiary Browns Ari Resort (Private) Limited has completed the sale of the assets and business of Barceló Whale Lagoon Maldives Resort to ASB Hotel Properties Maldives (Private) Limited for US $ 57.5 million.

Construction services business delegation builds up trade ties in Mumbai

Marking the first-ever focused initiative to promote Sri Lanka’s construction services in the Indian market, a sector-specific business delegation visited Mumbai from November 25-28, 2025.

Nestlé Lanka chief says Sri Lanka can boost coconut exports to US $ 3bn

Sri Lanka has the potential to export coconut products worth US $ 2-3 billion, Nestlé Lanka Chairman and Managing Director Bernie Stefan emphasised at a recent panel discussion.

Week ends in red

The ASPI closed in red as a result of price losses in counters such as Colombo Dockyard, Melstacorp and Hemas Holdings with the turnover crossing Rs. 3.4 Bn.

Low volumes persist as belly segment faces selling pressure

The secondary market yield curve saw mild selling pressure in the belly segment, leading to a slight uptick in yields amid low trading volumes.

SLT-Mobitel aligns marine conservation with digital resilience at ‘Seashells’ calendar launch

SLT-Mobitel unveiled its 2026 corporate calendar under the theme ‘Seashells of Sri Lanka’ this week, utilizing the occasion to draw a sharp parallel between the protection of marine ecosystems and the stability of the country’s digital infrastructure.

Colombo 3 witnesses ‘Lighting Up The Avenue’

The hospitality landscape in Colombo 03 witnessed a warm resurgence on December 10 as The Avenue opened its doors for ‘Lighting Up The Avenue.

Union Bank choir performs at ‘Sounds of the Season’

Union Bank partnered with Port City Colombo and the Sri Lanka Institute of Directors to present ‘Sounds of the Season’, an evening of Christmas Carols in aid of communities affected by Cyclone Ditwah and made possible by the Soul Sounds and Union Bank Choirs with guest performances by Alston Koch and the De Lanerolle Brothers

Hemas Pharmaceuticals launches diabetes screening and awareness with Medihelp Hospitals

Hemas Pharmaceuticals (Pvt) Ltd recently partnered with Medihelp Hospitals and conducted Suwajeewa Diabetes Screening and Awareness Programmes.

One Galle Face celebrates Retail Employees Day

One Galle Face marked ‘Retail Employees Day (RED)’, honouring the dedication, passion, and hard work of the mall’s employees who make the customer experience special day in, day out. Celebrated globally on the 12th of December, RED first began as an initiative in India and has since grown into a movement embraced by over 30 countries.

Regen Renewables completes 450 kW solar power project in Colombo

Regen Renewables (Pvt) Ltd has completed a 450 kW solar power initiative implemented across 47 community, religious, educational, and public service institutions.

HNB Assurance marks major milestones in technological transformation journey

HNB Assurance PLC successfully completed all major phases in its multi-year transformation programme, an integral component of the Technological Transformation Pillar under the company’s SET Framework – (Sales Force Expansion, Exceptional Customer Service and Technological Transformation), introduced in 2022 when the company introduced its strategy to achieve 10 percent market share by 2026.

IQ Global partners with Fonia to launch AI-driven mobile advertising platform

IQ Global, a leading Sri Lankan-based Digital, Tech, and Business Design solutions provider, and global data-driven marketing powerhouse Fonia, have announced a landmark partnership to introduce ‘Fonia Digital’, a cutting-edge AI-powered advertising tool to the Sri Lankan market, effective 1st October 2025.

‘Subway’ and ‘Segafredo’ outlets expand in Sri Lanka

International Lifestyle Brand (Private) Limited announced its expansion in its leading brands Subway Sri Lanka, the American fast-food chainand Segafredo Caffè, Italian Espresso brand while opening novel venues to its food lovers and coffee lovers, indulging themselves in premium and internationalflavoursat affordable prices in the heart of Colombo.

Seaspan and Ceyline Shipping celebrate 20 years of partnership excellence

Seaspan Corporation Pvt. Ltd., the world’s largest independent charter owner and operator of containerships and Ceyline Shipping Limited, Sri Lanka’s market leader in Seafarer Recruitment and Placement Services recently celebrated 20 years of transformative partnership at an event held at Hotel Taj Samudra.

The Body Shop unwraps brand new boutique at OGF Mall

British-born and globally-loved ethical beauty brand The Body Shop celebrates 10 successful years in Sri Lanka with the launch of its new store in the country at One Galle Face Mall in Colombo.

SLICGL powers Colombo Motor Show as ‘Official Insurance Partner’

Sri Lanka Insurance Corporation General Limited (SLICGL) partnered the Colombo Motor Show 2025 as the Official Insurance Partner.

Market extends pullback

The CSE extended its downward trend on Friday, marking another red session amid subdued turnover and lower trading volumes. Investor sentiment remained weak as the market continued to pull back from its All-Time High (ATH), with the ASPI now reflecting a 9.3% correction from peak levels.

SEC targets ‘smartphone generation’ with plans for regulated Digital Assets

The Securities and Exchange Commission of Sri Lanka (SEC) has announced plans to introduce a regulatory framework for “Digital Assets,” aiming to capture the growing interest of tech-savvy youth who

Tourism sector signals rapid recovery post-Ditwah; luxury segment sees strong momentum

Sri Lanka’s hospitality sector is witnessing a swift return to normalcy following the passage of Cyclone Ditwah, with industry leaders confirming that operational disruptions were minimal and booking trends are

Bob Marley tribute reggae festival in March 2026

Sri Lanka will host South Asia’s first three-day reggae music festival, One Love 2026 – A Tribute to Bob Marley, from March 27 to 29, 2026, on the southern coastal town of Bentota.

Sri Lankan business leaders explore strategic opportunities in Cambodia

A Sri Lankan trade delegation recently concluded a strategic mission to Phnom Penh, Cambodia, coinciding with the Cambodia Agriculture Exhibition.

Hela shares transferred to Watch List following auditor disclaimer

Hela Apparel Holdings PLC has seen its shares transferred to the Watch List of the Colombo Stock Exchange (CSE) effective December 12, 2025, after its independent auditors issued a disclaimer of

Sampath Bank plans up to Rs.20 bn Tier 2 capital raise via debentures, green bonds

Sampath Bank said its board has approved a proposal to raise up to Rs. 20 billion (US$67 million) through the issuance of Basel III-compliant Tier 2 capital instruments, according to a stock market disclosure filed

Tea output dips in November

Sri Lanka’s tea production slipped year-on-year in November 2025, even as cumulative output for the first eleven months of the year edged higher, data from the industry showed.

A quiet trading session on low participation

The secondary market confronted a quiet session yesterday with low volumes and limited trading activities.

Indices close in red

The ASPI closed in red as a result of price losses in counters such as Colombo Dockyard, Senkadagala Finance and Richard Pieris & Company with the turnover crossing Rs. 2.3 bn. Meanwhile, the S&P SL20