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.

Experts urge flexible retirement and better elderly care as Sri Lanka ages rapidly

With a quarter of Sri Lanka’s population projected to be over the age of 60 by the early 2040s, experts are calling for more flexible retirement policies, adaptable working conditions, and stronger elderly care systems.

CBSL names two new Deputy Governors

The Central Bank has appointed Assistant Governors C. Amarasekara and K. G. P. Sirikumara as Deputy Governors, in line with a recommendation by its governing board.

Seylan Bank reports breakout performance for September quarter on higher loans

As the banks’ earnings roll in, Seylan Bank PLC reported some stellar financial performance for the three months ended in September 2025.

Indices close in red

The ASPI closed in red as a result of price losses in counters such as John Keells Holdings, Senkadagala Finance and Sampath Bank with the turnover crossing Rs. 6.1 bn.

Belly end yields ease slightly

The secondary market yield curve reflected mixed sentiment yesterday, with moderate trading volumes and diverse activity across maturities. Yields edged lower, particularly at the belly end of the curve.

Browns EV executes Sri Lanka’s largest electric vehicle delivery

Browns EV has set a new benchmark in Sri Lanka’s automotive industry with the successful delivery of over 100 brand-new BAW electric vehicles to their first owners.

StanChart appoints Kumudu Munasinghe as Head of Corporate Affairs, Brand and Marketing

Standard Chartered Sri Lanka has appointed Kumudu Munasinghe as Head of Corporate Affairs, Brand and Marketing, effective October 15, 2025.

Aitken Spence wins 4 Top50 Professional and Career Women Global Awards

Aitken Spence PLC announced a remarkable achievement at the 15th Top50 Professional and Career Women Global Awards 2025, hosted by Women in Management (WIM).

Nawaloka Hospitals returns to profit

Nawaloka Hospitals PLC has reported a net profit of Rs.56 million for the financial year ended March 31, 2025, marking a strong turnaround from the Rs.305 million loss recorded in the previous year.

Amana Bank opens new corporate office

Amana Bank recently opened the doors to its new corporate office, located at No. 353, Galle Road, Colombo 3, adjacent to its main branch premises.

Lanka Rating Agency assigns strong A- Entity Rating to Vallibel Finance

Lanka Rating Agency Ltd (LRA), the independent credit rating authority of Sri Lanka, has assigned a long-term Entity Rating of A- with a Stable Outlook to Vallibel Finance PLC.

Singer unveils HONOR Magic V5 redefining foldable flagships and market dominance in Sri Lanka

In a landmark event in Colombo on Monday, Singer Sri Lanka PLC unveiled the HONOR Magic V5, the global technology brand’s most advanced foldable flagship smartphone to date.