LOLC Al-Falaah Takaful Life & General honoured at IFFSA Awards 2025

LOLC Al-Falaah Takaful Life and LOLC Al-Falaah Takaful General have been honoured with four awards at the 10th Islamic Finance Forum of South Asia (IFFSA) Awards 2025, in recognition of their outstanding contributions to Shariah-compliant takaful solutions during 2024.

Sri Lankan delegation completes technical visit to Germany on sewage sludge mgt.

A Sri Lankan delegation recently concluded a successful one-week technical visit to Germany aimed at developing a sustainable sewage sludge management concept for a Board of Investment (BOI) industrial zone.

Laugfs Lubricants partners with Colombo Motor Show 2025

Laugfs Lubricants announced its partnership with Colombo Motor Show 2025 as the Official Lubricant Partner for the second consecutive year.

Classic Destinations becomes Sri Lanka’s first GSTC Sustainability Certified DMC

Classic Destinations has become Sri Lanka’s first Destination Management Company (DMC) to receive the Global Sustainable Tourism Council (GSTC) Certification, the world’s leading standard for sustainable tourism.

GrandSpace Astoria celebrates five years of resilience and growth

GrandSpace, a premier serviced office provider marked the fifth anniversary of its strategic Experience Centre at the Astoria Complex.

India’s Cavin’s Milkshake enters local market

Cavinkare, the Indian FMCG major, announced the launch of its flagship brand, Cavin’s Milkshake, in Sri Lanka. This launch brings India’s No.1 mid-meal snack to the Sri Lankan market after delighting consumers of all ages – from six to sixty - across India, Nepal, Maldives, Australia, Bhutan, and Singapore.

Cinnamon Life celebrates a year that reimagined Colombo

A year ago, the skyline of Colombo changed forever. Rising along the Beira Lake, Cinnamon Life at City of Dreams, Sri Lanka opened its doors, not just as a hotel, but as a bold promise of what the city could become.

‘Home Lands Expo 2025’ Property Investment Forum concludes on a high note

Home Lands Group has successfully concluded the Home Lands Expo 2025 – Property Investment Forum & Exhibition, the first-ever property investment expo organized by a single developer in Sri Lanka, held on October 11, at Hilton Colombo.

Colombo stock market ends in red after extended bull run

The Colombo Stock Exchange (CSE) witnessed a reversal in momentum today, breaking its recent bullish streak as investor sentiment shifted during midday trading. The market, which opened on a positive note, saw the All Share Price Index (ASPI) gain 82 points early in the session before reversing sharply, declining by 179 points to close the day lower by 80 points.

Sri Lanka’s wildlife parks face dual threat of overcrowding and neglect, audit reveals

Sri Lanka’s lucrative wildlife tourism sector, a cornerstone of its economic recovery, is facing a critical challenge of imbalance.

New plantation sector wage hike plan lacks economic logic: PA

Plantation companies yesterday pushed back against President Anura Kumara Dissanayake’s bid to raise estate worker wages, warning the move has no firm economic logic and would saddle the sector with an additional Rs. 13 billion burden per year.

PUCSL rejects CEB proposal to increase electricity tariffs

The Public Utilities Commission of Sri Lanka (PUCSL) has decided not to increase electricity tariffs, rejecting a proposal by the Ceylon Electricity Board (CEB) to raise rates by 6.8 percent to cover a revenue deficit of Rs. 7.7 billion in the final quarter of 2025.

Cabinet clears amendments to Colombo Port City Act to boost investment climate

Cabinet has approved drafting amendments to the Colombo Port City Economic Commission Act No. 11 of 2021, aiming to restore investor confidence and strengthen the city’s position as a competitive international business and services hub.

WindForce inks  land lease for 100MW Rividhanavi solar project

WindForce PLC has inked a Land Lease Agreement with the Sri Lanka Sustainable Energy Authority (SLSEA) for its Rividhanavi 100-megawatt solar power project.

Selling pressure mounts on short end with minimal curve movement

The secondary market saw mixed sentiment with moderate trading volumes and activity. Selling pressure was noted on the short end of the yield curve, where maturities such as 01.08.2026 and 15.12.2026 were traded within a yield range of 8.30% to 8.35%.

Indices close in green

The ASPI closed in green as a result of price gains in counters such as Windforce , Dialog Axiata and Hatton National Bank with the turnover crossing Rs. 5.7 bn.

EDB Trade Facilitation Task Force convenes to enhance export efficiency

As a strategic step towards developing a mechanism to address the challenges in the export value chain, the Export Development Board (EDB) has established a Trade Facilitation Task Force, which held its second networking session yesterday at the Export Development Board (EDB).

SLID-ACCA launch National Director Awards

The Sri Lanka Institute of Directors (SLID), in collaboration with the Association of Chartered Certified Accountants (ACCA) Sri Lanka, announced the launch of the SLID-ACCA National Director Awards — a landmark initiative to honour exemplary leadership and governance excellence across Sri Lanka’s corporate sector.

AMW appoints Jawahar Ganesh as new Group MD

Associated Motorways (Private) Limited (AMW), an Al-Futtaim Company in Dubai and a pioneering force in Sri Lanka’s automotive industry, announced the appointment of Jawahar Ganesh as its new Group Managing Director.

NDB Bank-United Motors Lanka strengthen passenger and commercial vehicle financing

NDB Bank has signed a memorandum of understanding with United Motors Lanka PLC (UML).

ComBank-Prime Lands offer full financing on homes

Commercial Bank of Ceylon has signed a memorandum of understanding with Prime Lands and Prime Land Residencies to provide up to 100 percent financing for customers purchasing condominium units or gated houses developed by the Prime group, demonstrating the bank’s unwavering commitment to empowering more Sri Lankans to achieve their dream of home ownership.

Global and local line-up of industry visionaries to take stage at Sri Lanka Retail Forum 2025

The Sri Lanka Retailers’ Association (SLRA) presents Sri Lanka Retail Forum 2025, themed ‘Retail Reimagined – Where AI Meets the Human Edge’.

Hayleys Solar among Brand Finance’s 100 Most Valuable Brands

Hayleys Solar, Sri Lanka’s No. 1 solar solutions provider, has been recognised as the sole renewable energy brand listed amongst Brand Finance’s 100 Most Valuable Brands in Sri Lanka.

The Steuart by Citrus reopens

Citrus Leisure PLC announced the reopening of The Steuart by Citrus, following an extensive refurbishment that breathes new life into one of Colombo’s most iconic heritage properties.

People’s Bank relocates Modarawila Service Centre

People’s Bank Modarawila Service Centre was ceremoniously opened at its new and upgraded location recently.

HNB-CBL Cocos strengthen direct market access for coconut farmers

HNB PLC has partnered with CBL Cocos Limited to deliver dedicated financial solutions to smallholder coconut farmer companies in Rajanganaya, Nochchiyagama, Vavuniya and Kilinochchi.

A first for Sri Lanka: Ogilvy Sri Lanka’s Cloud Coffee campaign for Nescafé featured on TikTok for Business

Geometry Global (A business subsidiary of Ogilvy Sri Lanka) in collaboration with Ogilvy Digital recently celebrated a milestone achievement as the first-ever case study from Sri Lanka to appear on the TikTok for Business website.

DFCC Bank-Prime Group simplify homeownership

DFCC Bank PLC announced the signing of a strategic partnership with Prime Lands (Pvt.) Ltd and Prime Lands Residencies PLC, both part of the Prime group, to simplify and enhance the homeownership journey for Sri Lankans.

Assetline Finance opens 60th branch in Ja-Ela

Assetline Finance Limited (AFL), the flagship company under the financial services arm of David Pieris Holdings, celebrated an important expansion milestone recently, with the official opening of the 60th branch in Ja-Ela, emphasising the company’s commitment to deliver accessible customer-centric financial solutions, to Sri Lankan citizens.

Direct Kitchens SL to design bespoke kitchens for Home Lands’ Oceana Villas

Direct Kitchens Sri Lanka, the local arm of Australia’s leading name in luxury custom kitchen design and manufacturing, has achieved a significant milestone by securing its first commercial order to design, supply, and install 66 premium kitchen units for Oceana Beach Resort Villas, a luxury development by Home Lands Skyline in Wadduwa.