Colombo prices in November rose 2.1%

The consumer prices in the Colombo district rose by 2.1 percent in the 12 months through November 2025, unchanged from the levels seen in October, as both food and non-food prices eased.

WindForce-CEB sign SPPA for 5MW floating solar venture

WindForce PLC yesterday announced the signing of a Standard Power Purchase Agreement (SPPA) with the Ceylon Electricity Board (CEB) for one of the country’s most ambitious floating solar ventures to date.

Secondary market sees limited volumes as investors adopt wait-and-see stance

The secondary market recorded subdued activity yesterday, with the investors predominantly remaining on the sidelines as they appeared to assess the potential implications of the adverse weather conditions affecting the country.

Dec begins in red

The ASPI closed in red as a result of price losses in counters such as CAL 5-year Closed-End Fund, Industrial Asphalts and Kandy Hotels Company with the turnover crossing Rs. 5.2 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Access Engineering, Hatton National Bank and Hemas Holdings. Mixed interest was observed in Sampath Bank, Commercial Bank and Tokyo Cement Company

Lanka Realty Investments executes strategic pivot as financials rebound

Lanka Realty Investments PLC (LRI) has signalled a definitive shift in corporate strategy, moving away from capital-intensive greenfield developments to focus on asset management and joint ventures.

InsureMe lists on CSE; marks milestone in digital insurance evolution

InsureMe was listed on the Colombo Stock Exchange (CSE), marking a new chapter in its growth journey as the nation’s first insurance intermediary to go public.

Amana Bank opens 40th Self Banking Centre in China Fort

Amana Bank has further expanded its banking footprint with the opening of its 40th Self Banking Centre (SBC) in China Fort, Beruwala.

Assetline Finance asset growth nears 40% in 1H 2025/26

Assetline Finance Limited reported a strengthened and increasingly resilient first-half performance for FY2025/26, with significant gains in asset growth, income enhancement, and core profitability for the six months ended 30 September 2025.

Sampath Bank partners with DIMO to offer exclusive vehicle financing benefits

Sampath Bank PLC recently signed a Memorandum of Understanding (MoU) with DIMO, unveiling an exclusive vehicle financing scheme designed to enhance the ownership experience for DIMO customers.

Nearly half of retail ransomware attacks stem from unknown vulnerabilities: Sophos

Sophos, a global leader of innovative security solutions for defeating cyberattacks, has released its fifth annual Sophos State of Ransomware in Retail report, a vendor-agnostic survey of IT and cybersecurity leaders across 16 countries.

WCIC calls for support as worst-ever floods batter enterprises

Sri Lanka’s Women’s Chamber of Industry and Commerce (WCIC) has appealed for urgent support as the island battles what officials and agencies describe as the worst flood disaster in the nation’s history, leaving livelihoods devastated and businesses crippled across multiple districts.

GNEXT Sri Lanka wins top award at Xiaomi Global Partner Conference

GNEXT Sri Lanka has been awarded the Best Distributor in the South Asian Region title at the Xiaomi Global Partner Conference held in Beijing, China.

DPMC launches ‘Bajaj Genuine Supiri Ware’ consumer promo

David Pieris Motor Company (Private) Limited (DPMC) has launched its newest nationwide consumer promotion campaign titled ‘Bajaj Genuine Supiri Ware’.

Macbertan secures National Gold Award for manufacturing excellence

Macbertan (Pvt) Ltd was honoured with the National Gold Award in the medium manufacturing category at the Ceylon National Chamber of Industries (CNCI) Achiever Awards 2025. This award recognizes Macbertan’s dedication to innovation and leadership in total qualitymanagement, service excellence, professionalism and sustainable growth within the Sri Lankan industrial landscape.

Keells Food Products wins National Quality Award for Overall Organizational Excellence

Keells Food Products PLC has reinforced its leadership in Sri Lanka’s convenient food industry by winning the Sri Lanka National Quality Award 2023 for Overall Organizational Excellence in the Manufacturing (Medium) Category. Presented by the Sri Lanka Standards Institution (SLSI) on 11th November 2025, this honour represents the nation’s highest recognition for performance excellence across all aspects of organizational capability, culture, and

The Golden Ridge crowned Global Winner at World Luxury Awards 2025

The Golden Ridge, the first-ever star-class mountain resort in Nuwara Eliya, has achieved international acclaim by being crowned a Global Winner at the World Luxury Awards 2025, held on October 31, at the Parkroyal Hotel Pickering, Singapore.

Dreams Registrations appoints Nilanka Anthony as Chief Operating Officer

Dreams Registrations has strengthened its leadership structure with the appointment of Ms. Nilanka Anthony as Chief Operating Officer (COO), effective 1 October 2025.

ASPI suffers heavy losses amid heightened uncertainty

The Colombo Stock Exchange endured a sharp sell-off, as heightened uncertainty stemming from the recent unrest in the country severely dented investor confidence. The market opened on a deeply bearish note, with widespread panic selling dominating early trading. Within the first 30 minutes, the ASPI plunged by over 830 points before recovering nearly 511 points of the initial losses through late-morning bargain hunting.

Corporate Sri Lanka called on to steady economy as disaster impact deepens

Sri Lanka’s private sector was called to the frontlines of the national recovery effort, with President Anura Kumara Dissanayake urging the country’s top business leaders to step in as the island reels from cascading disasters triggered by Cyclone Ditwah.

Construction activity holds steady in October

Sri Lanka’s construction sector maintained strong momentum in October, with activity expanding sharply on the back of renewed project flows, the latest data from the Purchasing Managers’ Index (PMI) showed.

October imports hit US$ 2.2bn on vehicles, economic growth

Sri Lanka imported goods worth of US$ 2,156.8 million in October with vehicle imports for the month coming in at US$ 261.0 million. This is as the Central Bank put brakes on the breakneck speed at which the foreign exchange was draining to bring down vehicles by cutting the financing share from the banks and finance companies.

Cyclone Ditwah prompts IRD to ease tax filing deadline

Sri Lanka’s tax office has extended the deadline for filing income returns by eight days, offering relief to taxpayers struggling with disruptions caused by Cyclone Ditwah.

NCE seeks damage reports as floods hit exporters nationwide

The National Chamber of Exporters of Sri Lanka (NCE) expressed deep concern about the severe floods affecting many parts of the country in recent days.

Indices retreat as profit-taking weigh on sentiment

The Colombo Stock Exchange (CSE) concluded the week ending 28 November on a weaker footing, with both the ASPI and the S&P SL20 ending in negative territory amid cautious investor sentiment.

Sri Lanka’s annual debt repayments estimated at US$ 3.5bn

Sri Lanka’s foreign currency debt repayment per annum from 2028 onwards is estimated at between US$ 3.25 billion to US$ 3.5 billion the most, should the current level of debt remain unchanged.

PickMe activates islandwide digital relief network as Sri Lanka battles worst floods in years

As Sri Lanka confronted one of its most devastating flood disasters in recent memory, local ride-hailing giant PickMe, Sri Lanka’s largest locally built mobility and delivery platform, activated its full digital and logistical network to support the nationwide relief efforts.

Mercantile Investments’ gold loan portfolio surges Rs.4bn in 6 months

Mercantile Investments and Finance PLC (MI) has recorded a rapid expansion in its gold loan portfolio, which surged by Rs.4 billion in just six months to reach Rs.15 billion by September 2024.

HNB powers IBSL National Banking and Finance Conference 2025

HNB PLC is announced as the Platinum sponsor and Official Banking partner for the first-ever IBSL National Banking and Finance Conference 2025.

DENZA debuts at Shoppes at City of Dreams showroom

Following hot on the heels of their glamorous entry into the Sri Lankan market a couple weeks ago, DENZA, BYD Group’s luxury new energy vehicle (NEV) marque, accelerated its domestic expansion with the opening of its first Sri Lanka showroom at The Shoppes at City of Dreams alongside the brand’s official debut at Colombo Motor Show 2025.

TotalEnergies Marketing India-Energy Core Lanka introduce latest lubricant range

TotalEnergies Marketing India Private Limited (TEMIPL) announced a partnership with Energy Core Lanka (Pvt.) Ltd, introducing its latest range of high-performance lubricants to the Sri Lankan market.