US$30 mn WB facility to accelerate SL’s shift to 70% renewables

Sri Lanka has signed a US$ 30 million financing agreement with the International Development Association (IDA) of the World Bank to upgrade grid infrastructure and accelerate renewable energy integration under the Secure, Affordable, and Sustainable Energy for Sri Lanka Project, the Treasury said on Monday.

Commercial Bank named Sri Lanka’s “Best Trade Finance Bank” at Euromoney Awards

The Commercial Bank of Ceylon PLC was named Sri Lanka’s Best Trade Finance Bank at the Euromoney Transaction Banking Awards 2025, in recognition of the Bank’s strong performance and continued contribution to supporting Sri Lanka’s export and import sectors.

HNB’s Rs.10 bn sustainable bond issue oversubscribed

Hatton National Bank PLC (HNB) said its latest sustainable bond issue has been oversubscribed, with applications exceeding Rs.10 billion, prompting the bank to close subscriptions early.

Positive momentum continues

The ASPI closed in green as a result of price gains in counters such as Colombo Dockyard, Ceylinco Holdings and Commercial Bank with the turnover crossing Rs. 3.8 bn.

Buying interest emerges, pushing yield curve slightly lower

The secondary market yield curve saw renewed buying interest yesterday, supported by foreign participation, which generated moderate trading volumes.

Sri Lanka-Benelux Business Council holds 30th AGM

The Sri Lanka–Benelux Business Council (SLBBC) of The Ceylon Chamber of Commerce conducted its 30th Annual General Meeting (AGM) recently, at Taj Samudra Hotel.

Lanka IOC donates Rs.50mn to Rebuilding Sri Lanka Fund

Lanka IOC PLC, demonstrating its continued commitment to national development, donated Rs.50,000,000 to the Rebuilding Sri Lanka Fund, under the ‘We Care’ CSR initiative.

Ceybank offers strength, stability and smart investing for all Sri Lankans

Amid a year of impressive growth and rising investor confidence, Ceybank Asset Management Ltd, one of the oldest unit trust managers, has emerged as a key player at the forefront of Sri Lanka’s capital market transformation, offering trusted, accessible and professionally managed investment solutions for all Sri Lankans.

People’s Bank-UnionPay International introduce National Cards

People’s Bank continues to lead the way in digital financial innovation and in supporting the nation’s transition toward a modern, cashless society.

DFCC Bank enables digital payments in buses

DFCC Bank has extended its digital payments infrastructure to Sri Lanka’s public transport network by enabling QR, credit and debit card acceptance in buses through DFCC point of sale (POS) terminals.

HNB tops TAB Global ranking as Sri Lanka’s Strongest Bank

HNB PLC has been awarded the title of Strongest Bank in Sri Lanka for 2025 by TAB Global.

Rebuild Sri Lanka: Are we fixing the damage or building better?

The deadly cyclone that hit Sri Lanka has left in its wake hundreds dead, thousands of houses destroyed and a devastated infrastructure across many parts of the island.

Mark and Comm named as Rest of South Asia PR Agency of the Year 2025

Mark and Comm, Sri Lanka’s leading boutique public relations and communications agency, has been honoured at Campaign’s Agency of the Year Awards 2025 (South Asia), taking home a Silver award and emerging as the sole agency in the Rest of South Asia PR Agency of the Year category.

Hemas Hospital Wattala partners with SLSG 2025

Hemas Hospital Wattala reaffirmed its commitment to collaboration and medical innovation through its sponsorship of the Annual Academic Sessions of the Sri Lanka Society of Gastroenterology (SLSG) 2025.

Sinopec supports flood-hit communities

Sinopec has mobilised to support relief efforts by donating 75,000 litres of bottled drinking water to the flood-affected regions.

Great Place to Work Sri Lanka announces Best Workplaces for Women 2025

Great Place To Work Sri Lanka recently announced the Best Workplaces for Women 2025, spotlighting organisations whose own employees validate them to be fostering inclusive, empowering and supportive work environments for women.

ASPI rallies strongly as market records one of its largest single-day gains

The Colombo Stock Exchange delivered a powerful rebound on Tuesday, with the ASPI surging over 400 points, marking the 8th highest single-day gain in market history. The index maintained a strong upward trajectory throughout the session, fueled by renewed investor confidence and broad-based buying momentum across sectors.

Cyclone Ditwah set to strain SL’s post-default fiscal consolidation: Moody’s

Sri Lanka’s efforts to stabilise its finances after its debt default are expected to face fresh pressure due to the economic fallout from Cyclone Ditwah, Moody’s Investors Service said.

Sri Lanka must go “export-driven and green” to compete globally, says IFC

Sri Lanka must reposition itself as an outward-looking, export-driven and green brand to attract global investors, International Finance Corporation (IFC) Regional Director for South Asia Imad N. Fakhoury said, warning that policy consistency and a stronger business environment would be crucial. “We have had setbacks in the past and Sri Lanka is an incredible paradox. On the one hand, it’s a great development success story in terms of social

IRD grants further extension for tax return filing following Cyclone Ditwah

The Inland Revenue Department (IRD) has extended the deadline for filing returns of income for the year of assessment 2024/2025 to December 31, 2025, following the disruptions caused by Cyclone Ditwah and extreme weather conditions across the country.

Sri Lanka’s tea sector says cyclone impact contained

Sri Lanka’s tea industry expects to maintain the production and export flows, despite the transport disruptions caused by Cyclone Ditwah, the Colombo Tea Traders’ Association (CTTA) said, adding that the sector’s “remarkable capacity to overcome adversity” has allowed the operations to stabilise quickly.

Week begins in green

The ASPI closed in green as a result of price gains in counters such as Colombo Dockyard, Richard Pieris & Company and Sampath Bank with the turnover crossing Rs. 2.8 Bn. Meanwhile, the S&P SL20 edged up. High net worth and institutional investor participation was noted in Hemas Holdings,

Binance becomes first crypto exchange to receive global authorisation under Abu Dhabi’s ADGM regime

Binance said this week it has secured formal authorisation from Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority to operate its international platform, the first time a cryptocurrency exchange has been licensed under ADGM’s full digital-asset regulatory framework.

Odel scraps plans for luxury apartments at Ward Place mall

Odel PLC has scrapped plans for luxury apartments at its flagship Odel Mall project in Ward Place, pivoting instead to office space as part of a broader remedial strategy to address severe financial headwinds that have seen the retailer placed on the Colombo Stock Exchange’s Watch List.

Secondary market still in post-cyclone slumber

The secondary market opened the week on a rather lethargic footing as the general ambiguity associated with Sri Lanka’s recent natural disaster continued to loom on the horizon

EDB fast-tracks relief to support exporters affected by adverse weather

The Export Development Board (EDB) has launched a rapid relief and recovery programme following the severe impact of adverse weather conditions on Sri Lanka’s export sector.

Seylan Bank partners with CDS to facilitate investment access for non-resident investors

Seylan Bank PLC entered a strategic partnership with the Central Depository Systems (Pvt) Limited (CDS), the wholly owned subsidiary of the Colombo Stock Exchange (CSE), through the signing of a Memorandum of Understanding (MoU) aimed at enhancing investment accessibility for non-resident investors.

InsureMe debuts on CSE Empower Board

InsureMe Insurance Brokers Ltd has completed its Equity Introduction and subsequent listing on the Empower Board of the CSE recently, marking a significant milestone for a local digital-first enterprise.

JXG awarded top honour for Parent-Inclusive Workplace practices

JXG (Janashakthi Group) was recently recognised with the Parent-Inclusive Workplace of the Year 2024/25 Award at the Parent-Inclusive Workplaces Summit 2025.

Sri Lanka–Russia Business Council holds 22nd AGM

The Sri Lanka–Russia Business Council (SLRBC) of The Ceylon Chamber of Commerce held its 22nd Annual General Meeting at the Cinnamon Grand Colombo recently.