Rakuten Symphony-SLT-Mobitel deploy Open RAN trial in Sri Lanka

Rakuten Symphony and SLT-Mobitel have announced the signing of a memorandum of understanding (MoU) to collaborate on a pilot project to build an Open Radio Access Network (Open RAN) comprising 4G

Asian Digital Finance Forum and Awards 2025 held at Port City Colombo

Asian Digital Finance Forum and Awards 2025, held recently at Port City Colombo as part of the Asia International Digital Economy and AI in Finance Summit, built on the success of its 2022 and 2023

OSC leads way in sustainability

The Overseas School of Colombo (OSC) reaffirmed its position as a global leader in sustainable education, earning recognition from UNESCO’s Greening Education Partnership and also by renewing its

Unimo Enterprises introduces all-new Perodua ATIVA and MYVI

Unimo Enterprises Ltd, a fully-owned subsidiary of United Motors Lanka PLC and the exclusive distributor for Perodua vehicles in Sri Lanka, announced the launch of the all-new Perodua ATIVA and MYVI at CMTA

TMC launches Northern Investment Summit 2026 to boost growth in North

The Management Club (TMC) yesterday announced the launch of Northern Investment Summit 2026 (NIS26), a major initiative to promote investment, entrepreneurship and regional growth in Sri Lanka’s

CSE Ends Mixed as Selective Buying Lifts ASPI

The Colombo Stock Exchange (CSE) closed Thursday’s session on a mixed note, with the All-Share Price Index (ASPI) ending in positive territory while the S&P SL20 edged slightly lower.

Volumes spike as buying activity amps up

The secondary market witnessed renewed buying interest across the yield curve, leading to a day of high trading volumes. At the short end of the curve, the 15.03.2028, 01.05.2028, 01.07.2028 and 01.09.2028 maturities traded within a yield band of 9.10 percent-9.25 percent. Within the 2029 segment, bonds bearing maturities dated 15.06.2029, 15.10.2029 and 15.12.2029 traded within 9.55 percent-9.63 percent.

Halal Council receives Gold, top honours at CNCI Achiever Awards

The Halal Assessment Council (Guarantee) Limited (HAC) was recognized with two awards at the CNCI Achiever Awards 2025 for Industrial Excellence, organized by the Ceylon National Chamber of Industries (CNCI) in collaboration with the Ministry of Industry and Entrepreneurship Development.

Cargills appreciates Asite Talwatte’s invaluable contributions

Cargills (Ceylon) PLC recently announced that Asite Talwatte retired from its board, having previously served as the Senior Independent Director of the company until April 2024, and subsequently as a Non-Independent Director. The Board of Directors of Cargills expressed its deep appreciation to Talwatte for his invaluable contributions and dedicated service to the company.

MAS Holdings launches

South Asia’s largest apparel-tech conglomerate, MAS Holdings, launched its Plan for Change 2030 at a special event held at Cinnamon Life, Colombo recently.

A different approach to Thought Leadership

For many years, the term Thought Leadership has conjured images of experts in suits standing on stages, dominating conversations, publishing bestselling books, or leading global corporations. The idea was clear: the more knowledge and visibility you had, the more of a “thought leader” you became.

New Indonesian forest laws affect Goodhope Asia plantations

Carson Cumberbatch and Bukit Darah yesterday said several subsidiaries of their Singapore-based arm, Goodhope Asia Holdings Ltd, have been affected by Indonesia’s latest land management regulations, which aim to repossess the forest-status lands from the private plantation companies.

Pan Asia Bank marks 30 years of banking excellence with ceremonial bell-ringing at CSE

Marking 30 years since its establishment and 20 years since its landmark listing on the Colombo Stock Exchange (CSE) in 2005, Pan Asia Bank commemorated its extraordinary journey with a ceremonial bell-ringing at the CSE. The event was graced by the Chairman, Director/CEO and senior management of Pan Asia Bank, together with the Chairman, CEO Designate and officials of the CSE.

Regal Filling Station relaunched as 50th Shell branded outlet

Regal Filling Station (Pvt) Ltd. announced its official re-launch under the globally reputed Shell brand, which marked a milestone as the 50th Shell branded outlet in Sri Lanka and the very first Shell branded outlet in the Puttalam District.

DFCC Aloka drives women’s empowerment in Jaffna with Evolution Auto

DFCC Bank, through its women-focused proposition DFCC Aloka, recently partnered with Evolution Auto at the Green Wheels Carnival in Jaffna.

Fitch reaffirms SLICGL rating at ‘A+ (lka)’ with Stable Outlook

Sri Lanka Insurance Corporation General Ltd. (SLICGL) announced that Fitch Ratings has reaffirmed its ‘A+(Ika)’ National Insurer Financial Strength (IFS) Rating, with a Stable Outlook.

Prime Residencies opens The Palace’s New Community Kitchen

Prime Residencies announced the opening of its state-of-the-art Community Kitchen at The Palace residential development in Miriswatte, Gampaha.

Celeste represents Sri Lanka at Asia Marketing Federation Awards 2025

Celeste, Sri Lanka’s fastest-growing on-demand digital supermarket, was named the Country Winner in two key categories by the Sri Lanka Institute of Marketing (SLIM), earning the honour of representing Sri Lanka at the Asia Marketing Federation (AMF) Awards 2025, which were recently held in China.

Assetline Insurance Brokers partners with Hutch to offer travel insurance for roaming customers

In a landmark collaboration, Assetline Insurance Brokers (Private) Limited (AIBL) has partnered with Hutch Sri Lanka to offer complimentary travel insurance to all Hutch roaming customers.

DIMO joins forces with young racing star Yevan David

With a shared mission to enhance Sri Lanka’s position on the global stage, DIMO and young racing prodigy Yevan David have forged a partnership that redefines the country’s path to the international motorsport arena. Yevan’s exposure to motor racing started at the tender age of six, when he went karting with his father at Sri Lanka’s premier facility, the Sri Lanka Karting Circuit (now SpeedBay) in Bandaragama.

CSE becomes Strategic Partner of CMA Excellence in Integrated Reporting Awards 2025

The Colombo Stock Exchange (CSE), as in previous years, continues its role as the Strategic Partner of the CMA Excellence in Integrated Reporting Awards 2025.

PickMe rides high in September on rising platform movements

Digital Mobility Solutions Lanka PLC or popularly known as PickMe added momentum to its operations and thereby its financial performance for the quarter ended in September 2025, as the country’s biggest ride-hailing service has been expanding operations while diversifying its services within its turf.

Nearly 17,000 new investors fuel unit trust industry’s growth in 2025

Sri Lanka’s unit trust industry has recorded significant momentum so far this year, attracting 16,972 new unit holders, who have collectively invested Rs.56.4 billion, Securities and Exchange Commission (SEC) Chairman Senior Professor Hareendra Dissabandara

WindForce, Vidullanka emerge as lowest bidders for 50MW Mullikulam wind project

WindForce PLC and Vidullanka PLC, two of Sri Lanka’s leading renewable energy developers, have each announced that they have emerged as the lowest cost bidders for the 50-megawatt (MW) Mullikulam Wind Power Project.

SEC proposes ‘investment portfolio for everyone’ in Budget 2026

The Securities and Exchange Commission of Sri Lanka (SEC) is proposing a landmark initiative to introduce a ‘portfolio for everyone’ as part of Budget 2026, in collaboration with the Colombo Stock Exchange and government. This was revealed by SEC Chairman Senior Professor Hareendra Dissabandara yesterday at the Colombo launch of the Unit Trust Association of Sri Lanka’s (UTASL) new ‘Dhana Wadana’ unit trust investor awareness campaign. The propos

Indices rebound after three days of losses

The ASPI closed in green as a result of price gains in counters such as Windforce, Senkadagala Finance and Diesel & Motor Engineering with the turnover crossing Rs. 5.3 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Sampath Bank, John Keells Holdings and Ceylon Land & Equity. Mixed interest was observed in Windforce, Colombo Dockyard and Sierra Cables whilst retail inter

CSE Rebounds as Buying Interest Lifts Market Sentiment

The Colombo Stock Exchange (CSE) rebounded sharply on Wednesday, recovering from the previous session’s losses as renewed buying interest lifted investor sentiment. The market maintained a positive trajectory for most of the day, despite heightened volatility, with the All-Share Price Index (ASPI) swinging nearly 131 points between the day’s open and intraday high.

Sri Lanka’s 400 MnKg tea target overambitious, says industry veteran

Sri Lanka’s plan to lift tea production to 400 million kilograms by 2030 faces steep challenges, from underinvestment to producer reluctance, according to Ceylon Tea Brokers PLC Chairman and former Tea Board chief Niraj De Mel, who cautioned that the target may be more aspirational than achievable.

Colombo Dockyard denies insider activity following unusual share movements

Colombo Dockyard yesterday voiced concern over the recent spike in its share price, calling the activity “unusual and inexplicable” at a time when the company’s financial distress has been well communicated to the market.

Currency operations to get major upgrade with Hong Kong expertise

Sri Lanka’s financial infrastructure will be strengthened as the Central Bank moves to modernise its currency monitoring operations with the support of Giesecke & Devrient Asia Pacific Limited, Hong Kong.