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

People’s Bank recognises Entrepreneurship Village Competition winners

People’s Bank recognised the winners of Entrepreneurship Village Competition 2024, at a special awards ceremony held recently at People’s Tower, Colombo 2.

SDB bank appoints Aruna Jayasekera as CHRO

SDB bank announced the appointment of Aruna Jayasekera as its new Chief Human Resources Officer (CHRO), marking another milestone in the bank’s strategy to bring in proven industry experts who can

Mercantile Investments crosses Rs.100bn asset milestone

Mercantile Investments and Finance PLC (MI) has announced a historic achievement in its six-decade journey, crossing the Rs.100 billion total asset milestone while recording a profit after tax of Rs.504

Fortune World’s Best Workplaces List names 25 multinationals

Great Place To Work, the global authority on workplace culture and Fortune Media announced the 25 winners of this year’s Fortune World’s Best Workplaces List.

People’s Insurance records 33% revenue growth in 3Q

People’s Insurance PLC has delivered a strong performance for the nine months ended September 30, 2025, reporting solid topline momentum and sustained financial stability despite a dynamic operating

Aitken Spence Institute of Hotel Management recognised at World Sustainable Travel Awards

Aitken Spence Institute of Hotel Management has been awarded the title of World’s Leading Sustainable Female Empowerment Initiative at World Sustainable Travel and Hospitality Awards 2025.

Union Assurance hosts top achievers at MDRT recognition event

Union Assurance celebrated the outstanding achievements of its top-performing insurance relationship officers of the partnership distribution channel at a Million Dollar Round Table (MDRT) recognition event,

DIMO Healthcare-RAB strengthen radiology education

In a landmark initiative aimed at empowering Sri Lanka’s healthcare professionals with advanced radiology knowledge, DIMO Healthcare, the healthcare arm of DIMO, recently collaborated with the non-