Hayleys Plantations champions nature-positive climate action

Hayleys Plantations Sector marked World Environment Day 2026 through a series of environmental initiatives across Kelani Valley Plantations PLC, Talawakelle Tea Estates PLC and Horana Plantations PLC.

Avissawella Hospital bags 5 national 5S productivity awards

Avissawella District General Hospital received five 5S Certification Awards at a national productivity awards ceremony held in Colombo on July 9, marking one of the strongest performances among the public sector institutions recognised this year.

Aberdeen Holdings marks WED with group-wide sustainability initiatives

In commemoration of the World Environment Day (WED), Aberdeen Holdings, one of Sri Lanka’s leading diversified conglomerates, carried out a series of sustainability-focused initiatives across its companies,

ISSO opens its first int’l corporate location in London’s Canary Wharf

Breaking the historical mold of global hospitality expansion, homegrown culinary inspiration ISSO has officially established a direct corporate beachhead in the United Kingdom, opening its flagship international location at 25 Cabot Square in the heart of London’s high-velocity financial center, Canary Wharf.

Sri Lanka–Germany Business Council celebrates Members’ Day 2026

The Sri Lanka–Germany Business Council (SLGBC) hosted its Members’ Day recently, bringing together industry leaders, diplomats, and business professionals to enhance trade relations between Sri Lanka and Germany.

IDL reopens renovated Kaduwela MOH Office

International Distillers Limited (IDL) reopened the newly renovated Medical Officer of Health (MOH) Office of Kaduwela recently, in a meaningful affirmation of the company’s long-standing commitment to the community it calls home.

Finch Foods showcases finest of Sri Lanka at BIA

Finch Foods has officially opened its premium travel retail outlet at Bandaranaike International Airport, marking a significant milestone in the company’s journey to build a globally recognized Sri Lankan food brand.

Nawaloka Hospitals Colombo launches Mobile Dengue Testing

In response to the rising dengue epidemic across the country, Nawaloka Hospitals Colombo has introduced a timely and community-focused initiative aimed at making early diagnosis and assistance more accessible to patients.

Uswatte Biscuits partners with Rumesh Tharanga Pathirage’s Olympic journey

Sri Lanka’s record-breaking javelin thrower, Rumesh Tharanga Pathirage, was honoured by Uswatte Biscuits Pvt Ltd, his official sponsor, at a special felicitation ceremony held on 22 June at Vinro Reception Hall, Kennanthudawa.

ADB sees slower growth, higher inflation for Sri Lanka through 2027

The Asian Development Bank (ADB) has lowered Sri Lanka’s economic growth forecast for 2027 and sharply raised its inflation projections, warning that prolonged disruptions to global energy markets are

IMF warns fuel-importing economies risk inflation rebound

Sri Lanka’s economic recovery could face fresh challenges from rising oil and food prices as the International Monetary Fund (IMF) warned that energy-importing economies remain vulnerable to renewed

Shipping majors circle Sri Lankan ports amid regional expansion race

Several world’s leading container shipping lines — including Maersk, CMA CGM, MSC and COSCO — have shown interest in acquiring a stake in Sri Lanka’s East Container Terminal (ECT) or Hambantota

Interim tourism promotional campaigns to kick off in August

The Sri Lanka Tourism Promotion Bureau is set to launch a series of targeted interim promotional campaigns starting early August, serving as a strategic bridge before rolling out a comprehensive long-

Audit Service Commission’s 63% staff vacancy raises questions over state audit capacity for SOEs

The Audit Service Commission is contending with an acute staffing shortfall that could weigh on Sri Lanka’s audit oversight of state-owned enterprises, with the Auditor General’s own observations,

Yield curve edges slightly higher amid pre-auction selling pressure

Secondary market trading was characterized by selling interest ahead of the upcoming T-bond auction, resulting in the yield curve edging slightly higher. Overall market activity remained subdued, with only

Indices close in red

The ASPI closed in red as a result of price losses in counters such as Commercial Bank, Melstacorp and Lion Brewery with the turnover crossing Rs. 1.4 Bn. A similar behaviour was witnessed in the S&P SL20.

Bridging the corporate grind with human science: how positive psychology can reshape workplace resilience

The modern corporate ecosystem has increasingly intensified into a high-pressure rat race where stress is frequently normalized as a byproduct of productivity.

Hirdaramani Apparel-Moratuwa Uni to transform textile waste into sustainable innovation

In a significant step towards advancing circularity, Hirdaramani Apparel collaborates with the University of Moratuwa on a three-year research initiative to explore how textile waste can be transformed into

LCB Finance posts 55% growth in pre-tax profit

LCB Finance PLC delivered a year of strong financial performance and strategic expansion for the financial year ended March 31, 2026, recording a 55 percent increase in profit before tax to Rs.439 million while

People’s Leasing & Finance records stellar performance in FY 2025/26

People’s Leasing & Finance PLC (PLC), Sri Lanka’s leading non-bank financial institution and flagship subsidiary of People’s Bank, has delivered one of its strongest financial performances to date for the

Scouts closes investment round at Rs.1.6bn valuation

Scouts, Sri Lanka’s pioneering intelligent drone and robotics company, has closed a funding round at a valuation of Rs.1.6 billion.

BOC empowers Dambana indigenous community through digital payments

Bank of Ceylon (BOC) has taken another significant step in advancing financial inclusion by introducing BOC Flex and Lanka QR payment solutions to the entrepreneurs from Sri Lanka’s indigenous community

LANKATILES sees high prospects both locally and overseas for new product

County’s leading wall and floor tile manufacturer and exporter, LANKATILES said it sees a vast market potential for solar reflective rooftop tiles both locally and particularly in countries with tropical climates.

Rupee hits Rs. 340 against USD

The Sri Lankan rupee weakened further against the US dollar yesterday, with the dollar’s selling rate crossing the Rs. 340 mark, according to the latest daily exchange rates released by the Central Bank.

SLID prioritises future ready boards with Sri Lanka Corporate Director Summit 2026

The Sri Lanka Institute of Directors (SLID) will host the Sri Lanka Corporate Director Summit 2026, a premier governance forum designed to equip directors and business leaders with the insights required to

Industrial Asphalts’ controlling stake changes hands as Arcasia and ATX step in

A controlling stake in Industrial Asphalts (Ceylon) PLC is set to change hands, following a binding share sale and purchase agreement signed on July 7, 2026, according to a stock filing. Industrial Asphalts (Ceylon) PLC Executive Director Govindasamy Ramanan has agreed to sell his 48.03 percent stake, comprising 1,800,693,010 ordinary voting shares, to Arcasia Investment & Trading (Pvt.) Ltd and ATX Partners (Pvt.) Ltd.

ASPI to trade sideways through 2026 before eyeing 24,500 recovery next year

The All Share Price Index (ASPI) is projected to follow a sideways trading pattern within the 9.0x to 10.0x price-to-earnings (PER) bands for the remainder of 2026, heavily constrained by the muted market volumes and highly attractive fixed-income yields.

FCR sees 2027 earnings rebound after 2026 dip

First Capital Research (FCR) maintains its 2026 corporate earnings growth forecast at a softer 8.2 percent, down from 25.5 percent last year, citing persistent macroeconomic headwinds. A robust double-digit recovery of 14.0 percent is projected for 2027, supported by the normalising energy costs and an anticipated 50-basis-point policy rate cut. Sri Lankan corporate earnings are projected to enter a period of moderation in 2026, as the lagged eff

Sri Lanka’s AI adoption shows technical depth despite lagging global rankings

Sri Lanka’s engagement with artificial intelligence (AI) presents a complex picture, marked by lower-tier positions in several global readiness indices but highlighted by a highly technical and learning-oriented user base.

TAL Lanka to raise Rs.1.87bn via rights issue for debt restructuring and Taj Samudra refurbishment

TAL Lanka Hotels PLC, the operator of Taj Samudra Colombo, has announced a major rights issue to raise Rs.1.87 billion to stabilise its balance sheet and fund the ongoing property upgrades.