Acquisitions of small Lankan banks neutral to BOC’s and PB’s ratings

Fitch Ratings says the proposed transfers of state-owned shares of Housing Development Finance Corporation Bank of Sri Lanka (HDFC, BB+(lka)/Rating Watch Positive) to Bank of Ceylon (BOC, CCC+/AA-(lka)/Stable) and of State Mortgage & Investment Bank (SMIB, BB(lka)/Rating Watch Positive) to People’s Bank (Sri Lanka) (PB, AA-(lka)/Stable) – are unlikely to affect the acquirers’ ratings. The limited scale of the targets relative to the large state b

FTZMA and Sri Lanka Customs conduct awareness session on ASYHUB implementation

The Free Trade Zone Manufacturers Association (FTZMA), the sole trade chamber representing enterprises operating under the Board of Investment (BOI), partnered with Sri Lanka Customs to conduct an in-depth Awareness Session on the ASYHUB Digital Customs Platform on November 25 at the FTZMA Auditorium in Katunayake Export Processing Zone.

Richard Pieris Finance records Rs. 292mn PBT in first half of 2025/26

Richard Pieris Finance Limited has reported a strong performance for the six-month period ended 30 September 2025, reflecting continued upward performance, operational discipline, and a solid return to sustained profitability. Despite challenging macroeconomic conditions in recent years, including the pandemic, liquidity pressures, and rising interest costs, the Company has demonstrated resilience and a clear upward trajectory.

DIVA announces grand prize winner of mega consumer promotion

Diva successfully concluded its ‘Diva Pawule Wasanawa’ mega consumer promotion recently. The grand prize, which was a brand-new Toyota WiGO, was awarded to U. B. Saman Udaya Kumara from Polonnaruwa.

Lanka Nippon BizTech Institute hosts inaugural convocation

Lanka Nippon BizTech Institute (LNBTI), Sri Lanka’s first Japanese-affiliated IT higher education institute, held its inaugural convocation at the BMICH recently arking a significant milestone in the country’s education landscape and strengthening the long-standing friendship between Sri Lanka and Japan.

Dialog Enterprise reinforces trust and security in country’s digital ecosystem

Dialog Enterprise served as the Principal Sponsor of the Sri Lanka CERT|CC Cyber Security Conference 2025, the nation’s premier platform dedicated to strengthening cybersecurity awareness and resilience across enterprises and communities.

SLITHM and ADB conduct youth tourism awareness program in Northern Province

The Sri Lanka Institute of Tourism and Hotel Management (SLITHM), in partnership with the Asian Development Bank (ADB), concluded a series of youth tourism awareness programs for young people aged 18–28 in Jaffna, Kilinochchi, and Mannar.

ASPI Posts Modest Gains Amid Sectoral Consolidation

The Colombo Stock Exchange ended Wednesday’s session (26th November 2025) on a modest positive note, with the ASPI adding 24.32 points (+0.11%) to close at 22,844.23.

Officials justify stagnant tourism revenue while industry awaits concrete strategy

Sri Lanka is on track for a record year in tourist arrivals, but revenue from the sector remains flat. Senior officials this week acknowledged the issue. However, they went on to attribute the shortfall to structural issues and exchange rate fluctuations, rather than admitting gaps in policy or strategy.

CBSL keeps the Overnight Policy Rate (OPR) unchanged

The Monetary Policy Board, at its meeting held yesterday, decided to maintain the Overnight Policy

Exports break US$ 14.4bn barrier in 10 months

The local export sector extended its recovery streak into October, pushing cumulative earnings for the first ten months of 2025 to US$14.43 billion, up 6 percent from a year earlier, data released by the Export Development Board (EDB) showed.

SEC crackdown on rogue market advisors intensifies

Capital market regulator, the Securities and Exchange Commission (SEC) has escalated its enforcement drive as it yesterday issued its first-ever scam alert.

InsureMe Insurance Brokers to debut on CSE’s Empower Board

InsureMe Insurance Brokers Ltd is gearing up for its market debut, with the Colombo Stock Exchange (CSE) granting in-principle approval for the listing of its ordinary voting shares on the Empower Board.

Indices rebound

The ASPI closed in green as a result of price gains in counters such as Ceylinco Holdings, National Development Bank and Melstacorp with the turnover crossing Rs. 4.0 bn.

Investors await policy decision, selling stance persists

The secondary market witnessed some selling pressure yesterday ahead of the monetary policy decision set to be announced early today. However, both activity and volumes remained limited.

Browns Agriculture strikes Gold at SLIM Brand Excellence Awards

Browns Agriculture was recently honoured with the prestigious Gold award for Glocal Brand of the Year for its Browns Sumo World Harvester at SLIM Brand Excellence Awards 2025.

Rootcode wins 6 awards at National ICT Awards

Rootcode celebrated a remarkable night of recognition at National ICT Awards (NBQSA) 2025, held recently at Taj Samudra Hotel in Colombo, taking home six awards across several categories. The wins highlight Rootcode’s steady focus on technical excellence and meaningful innovation.

CBL Foods Int’l wins Global Performance Excellence Award – Best in Class

CBL Foods International (Pvt.) Ltd, a subsidiary of CBL Group, has been recognised with the Global Performance Excellence Award (GPEA) 2025 – Best in Class, presented by the Asia Pacific Quality Organisation (APQO) at its 30th International Conference held in Beijing, China.

SL business delegation visits MEDICA 2025 in Germany

A high-level Sri Lankan business delegation recently concluded a highly productive visit to MEDICA 2025, the world’s leading trade fair for the global medical industry, held in Düsseldorf, Germany.

Dialog ushers in device-free home entertainment with ViU+ Smart TV App

Dialog Television, Sri Lanka’s #1 Pay-TV service provider, launched the Dialog ViU+ Smart TV App – a device-free solution that redefines convenience by bringing Live TV and on-demand entertainment together in a single Smart TV experience.

Cabinet moves to strengthen Colombo Port City legal framework

The Cabinet has approved amendments to Colombo Port City Economic Commission Act No. 11 of 2021, aimed at enhancing tax incentives, improving regulatory supervision and implementing institutional restructuring.

LOLC General Insurance becomes 4th largest general insurance provider in Sri Lanka

LOLC General Insurance PLC has advanced to become the fourth largest general insurance provider in Sri Lanka by the end of the third quarter of 2025, as reported in the latest gross written premium (GWP) performance update issued by the Insurance Association of Sri Lanka.

Sri Lanka Economic Summit 2025 to kick off next week

Sri Lanka Economic and Investment Summit 2025, to be held on December 2 and 3, under the theme ‘Gateway to Growth – Asia’s Emerging Opportunity’, organised by The Ceylon Chamber of Commerce, is officially sold out, bringing together more than 850 participants, including over 100 international delegates from across the globe.

AIA empowers employees to Live Healthier, Longer, Better Lives with AIA Wellness Day 2025

AIA Sri Lanka exemplified its commitment to employee well-being with the successful conclusion of AIA Wellness Day 2025, a full-day event held at the AIA Tower that brought together employees, health experts, and financial advisors for a dynamic and enriching experience focused on holistic wellness.

Sampath Bank launches pilot digital bus fare payment project

Sampath Bank PLC advanced Sri Lanka’s journey towards transport digitalisation with the launch of its pilot digital bus fare payment project in collaboration with the Road Passenger Transport Authority – Western Province.

RACING AHEAD BYD maps out vision for Asia’s electric mobility shift

As the global auto industry accelerates towards an electric future, China’s BYD is most certainly redefining the race. On a visit to the company’s vast global headquarters in Shenzhen, Mirror Business sat down with BYD Asia Pacific Auto Sales Division General Manager Liu Xueliang, who offered candid insights into the automaker’s rapid regional expansion,

ASPI recovers strongly as market rebounds from recent sell-off

The Colombo Stock Exchange staged a recovery on Tuesday (25th November 2025), as the ASPI climbed 175.03 points (+0.77%) to close at 22,819.91, retracing part of the sharp sell-off seen in the previous session. Improved investor sentiment supported the rebound, with buyers stepping in to take advantage of lower prices following the near 5% market correction.

Digital property database key to meeting IMF tax reform: Treasury

Sri Lanka must put in place a comprehensive digital property database before introducing a property tax in 2027, a requirement under the International Monetary Fund’s (IMF) Extended Fund Facility, a senior official said.

Central Bank likely to hold rates at final monetary policy review

The Central Bank is expected to maintain its key policy rates at today’s final monetary policy review of 2025, as a strong private credit growth and a fragile external position outweigh the arguments for further easing.

WealthTrust to list on CSE’s Diri Savi Board via Rs.7 share offer

WealthTrust Securities Limited, a long-standing player in Sri Lanka’s government securities market, is preparing to open its doors to the investing public, following an in-principle approval from the Colombo Stock Exchange (CSE) to list its ordinary voting shares on the Diri Savi Board.