CICT wins AFLAS award for 10th consecutive year

Colombo International Container Terminals (CICT) has been named Best Container Terminal – Asia (Under 4 Million TEUs) at the 2026 Asian Freight, Logistics and Supply Chain (AFLAS) Awards, becoming the first terminal to secure the title for 10 consecutive years.

Amana Bank acquires ownership of Corporate Office premises

Amana Bank PLC has acquired ownership of its Corporate Office premises located at 353 Galle Road, Colombo 3 from Lee Hedges PLC.

Janashakthi Life breaks into Top Five Most Loved Life Insurance Brands ranking

Janashakthi Life has entered the Top Five Most Loved Life Insurance Brands in Sri Lanka, rising from seventh to fifth place in the LMD Readers’ Choice Most Loved Brands 2026 ranking, reflecting growing consumer trust and brand preference.

Vallibel Finance sets new benchmarks in Sri Lanka’s financial sector

Vallibel Finance PLC continued its strong growth momentum during FY 2025/26, delivering exceptional financial performance and further strengthening its position among Sri Lanka’s top four financial institutions. This achievement has been realized within just 19 years of operations, underscoring the company’s sustained growth trajectory and strategic vision.

Buddhist tourism push underpins Sri Lanka’s South Korea strategy

Sri Lanka is stepping up efforts to attract more visitors from South Korea, with the tourism officials betting that improved air connectivity, visa-free access and growing interest in Buddhist pilgrimage travel could help expand arrivals from one of Asia’s high-spending outbound markets.

Mazagon-backed Colombo Dockyard pursues India opportunities

Colombo Dockyard PLC is looking to expand its presence in India’s maritime sector, following its acquisition by India’s Mazagon Dock Shipbuilders Ltd (MDL), as the shipbuilder looks to leverage its new parent company’s industry connections to drive growth and strengthen its order pipeline.

Rs.100bn revenue leakage looms for motor industry, warns CMTA

Sri Lanka’s automotive industry could see government revenue leakages exceed Rs.100 billion by the end of this year, due to unchecked regulatory loopholes and systemic undervaluation, Ceylon Motor Traders Association (CMTA) Chairman Andrew Perera warned.

Zydus Lifesciences and Sunshine Healthcare announce JV to strengthen pharma manufacturing in Sri Lanka

Zydus Lifesciences, a global lifesciences company and Sunshine Healthcare today announced the setting up of a strategic joint venture company – Zydus Sunshine Lifesciences Pvt Ltd.,with an investment commitmentof over US$ 20 million to establish a pharmaceutical manufacturing facility in Sri Lanka, strengthening local production and reducing import dependence.

Auto industry not a cash cow for revenue collection, Chamber warns

The government must stop treating the automotive industry as a reactionary tool to hit short-term fiscal targets and instead recognise it as a core driver of national industrial development, Ceylon Chamber of Commerce Secretary General and CEO Shiran Fernando said.

Borrowers see little relief as lending rates remain elevated

The prime lending rate eased marginally in the week ended June 26, marking the first decline since the Central Bank’s surprise interest rate hike last month.

LKR remains 8% weaker against dollar

Sri Lanka’s rupee depreciation against the US dollar remained unchanged at 8 percent in the week ended June 26. The rupee came under pressure in the recent months amid the rising import demand, strong credit growth and concerns over higher global oil prices linked to the tensions in the Middle East.

One Health, One Pharmacy: Building a Stronger Pharmaceutical Profession for Sri Lanka’s Future

As healthcare systems across the world grapple with ageing populations, rising non-communicable diseases, antimicrobial resistance and increasing healthcare costs, the role of pharmacists is undergoing a remarkable transformation.

CDS tightens dormant account rules to curb fraud risk

The Colombo Stock Exchange (CSE) will begin restricting transactions on dormant securities accounts from next week, under a new investor protection framework, aimed at reducing fraud risks and strengthening oversight of long-inactive holdings.

Asiri Central Hospital performs first liver transplant marking new milestone in advanced healthcare

Asiri Central Hospital has successfully performed its first liver transplant, marking a significant milestone in the advancement of specialised healthcare in Sri Lanka and bringing new hope to patients suffering from end-stage liver disease.

Alliance Finance demonstrates compassionate finance

Alliance Finance Company PLC (AFC) has released the property deed of a deceased customer to his children, waiving all outstanding dues, at a special deed-offering event held recently.

HIP advances ‘Save Ali Pancha’ project

Hambantota International Port (HIP), in partnership with the Department of Wildlife Conservation (DWC) and the Wildlife and Nature Protection Society of Sri Lanka (WNPS) as project facilitator, is taking its flagship human-elephant conflict initiative to the next stage with the launch of Phase II of the ‘Save Ali Pancha’ project.

BeWAXed expands rapidly across Indian beauty market

BeWAXed Sri Lanka, a homegrown specialized beauty waxing brand founded by award-winning entrepreneur Durga Kenny, is making a bold move into India, with new branches set to open across multiple major metropolitan cities in the coming weeks.

SLIIT Business School’s ‘SoftSkills+ 2026’ puts country’s future leaders in the spotlight

From 112 teams, 48 contenders made it to The Grand Finale of ‘SoftSkills+ 2026’, organized by the SLIIT Business School.

Sheraton Colombo brings flavours of Malaysia with ‘Spice Trails of Malaysia’

Sheraton Colombo Hotel invites guests to embark on an extraordinary culinary journey through Malaysia with “Spice Trails of Malaysia,” an exclusive food festival presented in collaboration with the High Commission of Malaysia in Sri Lanka and Le Méridien Kuala Lumpur. Taking place from 26 June to 6 July 2026 at Colombo Kitchen, the festival will be available nightly from 7.00 pm to 10.30 pm.

CEAT Kelani honours long-serving employees and top performers

CEAT Kelani Holdings, the manufacturer of half of Sri Lanka’s pneumatic tyre requirements and producer of CEAT, the country’s highest-selling tyre brand, has reaffirmed its commitment to a people-first culture by honouring employee loyalty and excellence at its 2026 Long Service Awards and Best Employee Awards.

Spa Ceylon takes global honours at Marie Claire UK Hair Awards 2026

Spa Ceylon has been named Best Conditioner for Damaged Hair at the Marie Claire UK Hair Awards 2026, with its Virgin Coconut Nourishing Hair Conditioner earning recognition alongside some of the most respected and established names in global beauty and professional haircare.

The world is listening this June. Does your organisation have something to say?

Every June, something shifts in the public conversation. World Environment Day on the 5th, World Oceans Day on the 8th, and a full month of global climate dialogue create a window of attention that no communications budget can manufacture.

Secondary market records limited activity with moderate trading volumes

The secondary market experienced limited activity with moderate trading volumes.

Week ends in green

The ASPI edged up as a result of price gains in counters such as DFCC Bank, Melstacorp and Central Finance Company with the turnover crossing Rs. 1.9 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in ACL Cables, Hayleys and HNB Life. Mixed interest was observed in Lanka Realty Investments, CIC Holdings nonvoting and HNB Finance whilst retail interest was noted in SMB Leasin

Colombo tea auction sees orthodox prices ease as unsold lots mount

This week’s auction offerings totalled 5.5 million kilogrammes (M/Kgs), the lowest in five weeks of 6.0-plus M/Kgs auctions.

Authorities step up push to transform handloom sector into export growth driver

The authorities are stepping up efforts to position its traditional handloom industry as a higher-value export sector, with a renewed focus on innovation, product development and branding, to capture the growing global demand for sustainable and ethically produced textiles.

Praveena Perera 1st Sri Lankan woman named to Campaign APAC’s 40 Under 40

Praveena Perera has become the first Sri Lankan woman to be named to Campaign Asia-Pacific’s 40 Under 40 list, a recognition that celebrates the region’s most influential emerging leaders across marketing, media, technology and communications.

Notice

Mirror Business will not be published on Monday, June 29, 2026, due to the Poson Poya holiday. The next edition will be on Tuesday, June 30, 2026.

ADB approves financing for rooftop solar and virtual net metering to boost clean energy access in Sri Lanka

The Asian Development Bank (ADB) has approved a US $ 57.4 million financing package to help Sri Lanka expand access to affordable clean energy and reduce greenhouse gas emissions through rooftop solar aggregation and virtual net metering.

Colombo Stock Exchange expands footprint with new Gampaha branch

The Colombo Stock Exchange (CSE) officially opened its Gampaha branch to the public on June 23, further strengthening its countrywide presence.