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.

Procurement fraud and bribery emerge as APAC’s top risks as AI-driven deception accelerates

Regional analysis shows Asia-Pacific facing a complex blend of digital payment vulnerabilities, super-app fraud risks and cultural barriers to reporting.

DFCC Bank recognised as a ‘People  and  Planet First Supporter’

DFCC Bank has been recognised as a ‘People and Planet First Supporter’, becoming the first Sri Lankan bank to receive this global designation. The recognition, awarded through Good Market Sri Lanka, an official global partner of the People and Planet First initiative, affirms the Bank’s growing role in backing enterprises that place social and environmental value at the core of their work.

People’s Leasing launches island-wide disaster relief initiative

People’s Leasing & Finance PLC (PLC) and its subsidiaries, People’s Insurance PLC, People’s Micro-Commerce LTD (PML), have initiated an immediate, island-wide effort to assist communities severely impacted by the recent adverse weather, including floods and landslides.

Tokyo Cement Group honoured for impactful CSR at SLIM Brand Excellence

Tokyo Cement Group’s longstanding commitment to social progress and sustainability was honoured with a CSR Brand of the Year Merit Award at the SLIM Brand Excellence 2025 Awards ceremony held recently.

Eco Spindles and Green Earth Group launch ‘Green Wheels’ Project

Eco Spindles, a fully owned subsidiary of BPPL Holdings PLC, together with Green Earth Group N.V, officially launched the Green Wheels Plastic Collection Project at the Monarch Imperial recently.

Unity Plaza unveils country’s largest triple-faced LED display

Colombo welcomed a new chapter in its urban landscape as Unity Plaza revealed Sri Lanka’s largest outdoor LED digital screen, drawing a distinguished audience that included the Board of Directors and the Management of On’ally Holdings PLC, over 250 invitees, representatives from its business partner company and members of the media.

JKCF dominates SLIM National Sales Awards 2025 with noteworthy wins

The John Keells Consumer Foods Sector (JKCF) has reinforced its standing as a inspiration in Sri Lanka’s FMCG industry with an exceptional performance at the SLIM National Sales Awards 2025, securing a total of 27 awards. Representing the iconic brands of Ceylon Cold Stores PLC (CCS), Keells Food Products PLC (KFP), and Colombo Ice Company (CICL), JKCF has long been recognized for its rich legacy of innovation and leadership in beverages, frozen

Flood-hit borrowers to get debt relief, new loans under CBSL directive

The Central Bank, in conjunction with licensed banks, presented a pandemic-era style relief package for flood-affected borrowers, including a debt moratorium of 3 to 6 months on a case-by-case basis.

Sri Lanka to implement visa-free facility for 40 countries from January to aid post-Ditwah recovery

Sri Lanka’s tourism authorities are expecting to roll out the long-delayed visa-free facility for 40 countries starting coming January, as the island nation aggressively positions itself for a strong winter season recovery following the cyclone impact.

Govt. to crack down on unauthorised tourism structures in ‘risky zones’ following cyclone

The government has announced a comprehensive review of tourism-related developments in environmentally sensitive areas, acknowledging that unauthorised structures in “risky zones” exacerbated the damage caused by Cyclone Ditwah.

CSE to move forward with plans to broaden investor base despite post-Ditwah challenges 

The Colombo Stock Exchange (CSE) will proceed with plans to broaden its investor base despite the challenges posed by the Ditwah disaster.

Hela advances talks on Rs. 4.4bn strategic investment amid widened interim losses

Hela Apparel Holdings PLC is advancing plans to raise up to Rs. 4.4 billion from a strategic investor as part of a critical turnaround strategy aiming to stabilise its balance sheet following widened losses in the first half of the financial year.

Abans Finance to raise Rs. 1.5bn via debenture issue

Abans Finance PLC has announced plans to raise up to Rs. 1.5 billion through the issuance of Listed, Rated, Senior, Unsecured, Redeemable Debentures.