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.

Govt. updates donation channels after glitches in disaster relief transfers

As Sri Lanka grapples with the aftermath of the torrential weather and cyclone Ditwah, the government over the weekend issued payment instructions for disaster relief, after the donors reported difficulties in transferring funds to the designated Central Bank accounts during the ongoing national emergency.

South Asia well positioned to take advantage of new trade trends, AI: WB development update

South Asia is well positioned to take advantage of the new patterns of global trade and new technologies like artificial intelligence (AI), the World Bank’s latest development update for the region revealed.

Asiri Hospital drives Southern expansion while clearing balance sheet legacy

Asiri Health is aggressively pursuing a dual strategy of regional expansion and rigorous financial restructuring, aiming to decentralise tertiary care while simultaneously cleaning up the legacy financial exposures.

Sri Lanka’s Silent Crisis of Gender-Based Violence

Late one evening in a crowded Colombo police station, a young woman sits beside her parents, flanked by two constables They look intimidated, exhausted, and unsure of what comes next.

Sri Lanka Tourism assures 24/7 support for visitors amid severe weather

Sri Lanka Tourism announced that dedicated response teams are operating around the clock to assist tourists and industry stakeholders affected by the recent severe weather conditions. Officials said immediate support will be provided to ensure the safety and wellbeing of all visitors.

Sri Lanka’s emissions growth outpaces regional peers in 2024

While Sri Lanka maintains the cleanest economic footprint in South Asia in terms of carbon intensity, its greenhouse gas (GHG) emissions grew at a faster rate than its major regional peers in 2024, according to

Apparel exports hold steady in October

Sri Lanka’s apparel sector posted a broadly flat performance in October, with exports edging down 0.05 percent from a year earlier, even as the European Union drove a strong uptick in demand. The industry’s

Shift in tourism spending patterns raises urgency for value-focused strategy 

Sri Lanka’s tourism has found that those who visit Sri Lanka aren’t spending as they used to, causing the country to undershoot what it expects to earn from the trade.

C.W. Mackie to boost liquidity with five-for-one share split

C.W. Mackie PLC has set in motion a share sub-division aimed at widening investor participation, with its board recommending a five-for-one split of the company’s ordinary shares.

SL risks ballooning costs unless science steers edible oil policy: Ex- NASSL chief

Past President of the National Academy of Sciences of Sri Lanka (NASSL) Dr. Ranjith Mahindapala called for a return to evidence-based policymaking in the plantation sector, highlighting that the 2020 ban on oil

Colombo Land moves to merge Liberty Holdings into parent entity

Colombo Land and Development Company PLC will amalgamate its fully owned subsidiary, Liberty Holdings Limited, with the parent entity, following board approvals granted on 25 November 2025.

Secondary market stays subdued as attention shifts to T-Bond auction

The secondary market yesterday saw mixed sentiment and moved through a quiet session overall, amid thin volumes, with activity largely concentrated in the short to belly end of the yield curve.

Indices close in red

The ASPI closed in red as a result of price losses in counters such as Sampath Bank, Richard Pieris & Company and Commercial Bank with the turnover crossing Rs. 2.3 bn.

Cinnamon Grand eyes new markets to promote MICE tourism in SL

Cinnamon Grand Colombo aims to capitalise on meetings, incentives, conferences and exhibitions (MICE) tourism to expand its reach in new markets, Cinnamon Grand Director Sales and Marketing Imran