MAS Holdings-Toray Industries form JV to meet rising demand for high-quality textiles

MAS Holdings and Japan’s Toray Industries (H.K.) Ltd are working together through a new joint venture (JV), Toray MAS Apparel India, to strengthen the supply chain capabilities and serve India’s fast-growing textile market. The partnership, officially announced last week, will establish a manufacturing facility at the MAS Apparel Park in Bhuinpur, Odisha, currently under development. The groundbreaking for the park took place in March 2025 and op

Sysco’s global technology leadership meets Sri Lanka’s digital leaders

Sysco Executive Vice President and Chief Information and Digital Officer Tom Peck recently met with Digital Economy Deputy Minister Eranga Weeraratne and Chief Advisor to President on Digital Economy and ICTA Chairman Dr. Hans Wijayasuriya.

Amana Bank announces highest ever dividend of Rs.1.30 per share

Amana Bank PLC yesterday announced the declaration of its eighth consecutive annual dividend, reaffirming its commitment to rewarding the shareholders.

BOI greenlights US $ 2.99mn Blossom Well project to expand Southern Sri Lanka’s tourism

Blossom Well Holdings (Pvt.) Ltd has signed a US $ 2.99 million investment agreement with Sri Lanka’s Board of Investment (BOI) to establish a boutique hotel in Thissamaharama, aimed at expanding the island’s high-end and midscale tourism offerings.

Softlogic Finance cleared by Central Bank to restart business operations

Softlogic Finance PLC said yesterday that the Central Bank of Sri Lanka lifted the regulatory restrictions imposed on the non-bank lender, after it restored its capital position in line with the minimum requirements.

Week begins with foreign buying

The ASPI closed in green as a result of price gains in counters such as John Keells Holdings, C T Holdings and Senkadagala Finance with the turnover crossing Rs. 8.0 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Commercial Bank, John Keells Holdings and C T Holdings. Mixed interest was observed in Sierra Cables, Access Engineering and Vallibel One whilst retail interest

Tepid trading keeps yield curve stable as week begins

The secondary market saw thin trading volumes, leading to a stable yield curve as activity remained subdued. Among the traded maturities, the bonds maturing on 01.05.2028 and 15.12.2028 exchanged hands at rates of 9.00 percent and 9.05 percent, respectively. Further along the yield curve, the 15.06.2029, 15.09.2029 and 15.12.2029 maturities traded at 9.40 percent, 9.48 percent and 9.50 percent, respectively.

GDF showcases AI’s role in powering green energy, food security

Global Dialogue Forum Conclave showcases AI’s role in powering green energy, food security and cybersecurity The Global Dialogue Forum (GDF), in partnership with the Club of Rome – India, successfully hosted its international conclave on ‘AI in Powering Green Energy, Food Security & Cybersecurity’ at the Galle Face Hotel, Colombo recently.

SLEIS 2025 to explore next wave of ports and logistics growth

As Sri Lanka positions itself as a strategic hub in the Indian Ocean, the ports and logistics sector remains central to driving trade, attracting investment, and unlocking regional connectivity. Yet the next phase of growth cannot be built on scale alone - it must also align with global sustainability imperatives.

NDB Bank partners with Ideal Motors to promote affordable leasing solutions

NDB Bank recently entered into a strategic partnership with Ideal Motors (Pvt) Ltd., the official distributor for Mahindra vehicles in Sri Lanka, through the signing of a Memorandum of Understanding.

Browns reimagines travel with Urbania

Brown and Company announced the launch of the Urbania T2 Diesel 16-Seater Premium Mini Coach, introduced for the first time in Sri Lanka in partnership with Force Motors India.

SDB bank clinches first SLIM Digis Award for Father’s Day campaign

SDB bank announced its first win at the SLIM Digis 2.5 Awards, securing the Silver Award in the category of Best Use of Digital in Corporate Branding for its heartfelt Father’s Day campaign 2024, “Rahasin Ithirikala Adarayak.” The campaign was designed to create brand awareness, strengthen loyalty, and establish a positive brand image, while also highlighting positive social messages around young entrepreneurship and SME empowerment. Produced by

People’s Bank partners with Justice Ministry and Supreme Court to drive court digitalization

People’s Bank, in collaboration with the Ministry of Justice and the Supreme Court of Sri Lanka, has embarked on a landmark initiative to drive island-wide court digitalization, introducing state-of-the-art digital payment solutions across the judicial system.

Global FinTech leaders converge in Colombo for FinTech Summit 2025

The Sri Lanka FinTech Summit 2025 announced its confirmed lineup of speakers, bringing together global and Sri Lankan leaders in digital finance, technology, and regulation to accelerate the country’s transition towards a resilient and inclusive digital economy.

Wijaya Gems and Wijaya Holiday Resort launch gem mining and cutting experiential tour

Wijaya Gems has launched a Gem Mining and Cutting Experiential Tour for both international and local visitors in Ratnapura with the support of Wijaya Holiday Resort

SLICGI ranked No. 1 General Insurance Brand by Brand Finance

Sri Lanka Insurance Corporation General Limited (SLICGI), the nation’s largest general insurer, has been crowned the No. 1 General Insurance Brand in the ‘Brand Finance Sri Lanka 100 Most Valuable Brands 2025’ ranking. This marks the seventh consecutive year that SLICGI has secured this recognition, reaffirming its position as a pillar of strength and stability for individuals and businesses across Sri Lanka.

Seylan Bank finances phase II of 10 MW solar power project by Windforce and Vidullanka

Seylan Bank PLC recently announced its role as the sole financing partner for the 10 MW ground-mounted solar power plant in Navatkadu, Batticaloa, promoted by Sooryashakthi (Pvt) Ltd, a company jointly owned by Windforce PLC and Vidullanka PLC, two of Sri Lanka’s most prominent renewable energy players.

Vallibel Finance partners with Hayleys Solar to offer tailored solar financing

In a significant step toward driving sustainable energy adoption in Sri Lanka, Vallibel Finance PLC has signed a Memorandum of Understanding (MoU) with Hayleys Solar, the renewable energy arm of Hayleys Fentons. This strategic partnership aims to provide tailored financing solutions for customers investing in solar energy, making clean energy more accessible and affordable than ever before.

ComBank wins triple at ICC Emerging Asia Banking Conclave & Awards

The Commercial Bank of Ceylon was honoured with three awards at the 3rd Emerging Asia Banking Conclave & Awards 2025, organised by the Indian Chamber of Commerce (ICC).

CSE hits fresh record high following sovereign rating upgrade

The Colombo Stock Exchange (CSE) scaled to a new all-time high on Monday, supported by renewed investor optimism after S&P Global Ratings upgraded Sri Lanka’s foreign currency rating from SD/SD (Selective Default) to CCC+/C. The upgrade strengthened confidence in the country’s economic outlook, fueling broad-based market momentum.

Sri Lanka overhauls Port City incentives

The government has introduced a significantly revised and less generous incentive framework for investors in the Colombo Port City Special Economic Zone (SEZ), slashing lengthy tax holidays and raising investment thresholds.

Credit card debt growth slows despite consumer spending rise

Sri Lanka’s credit card debt expanded at a slower pace in July, even as overall credit in the economy grew faster, supported by low interest rates and improving consumer sentiment.

Vidullanka expands renewable energy footprint with new 3 MWp solar plant in Matara

Vidullanka PLC, a major player in Sri Lanka’s renewable energy sector, has announced the successful commissioning of its 3MWp Matara Solar Power Plant on September 19, 2025.

Union Bank to raise Rs.3bn through debenture issue to strengthen capital

Union Bank of Colombo PLC has announced plans to raise up to Rs.3 billion through a listed debenture issue aimed at strengthening its capital base and supporting strategic growth initiatives.

CB launches nationwide survey to bolster confidence in Deposit Insurance Scheme

The Central Bank of Sri Lanka (CBSL) has announced a nationwide public awareness survey on Sri Lanka Deposit Insurance Scheme (SLDIS), a critical move aimed at assessing and strengthening public confidence in the nation’s financial safety net.

Sri Lanka crowned leading MICE and Wellness Destination at SATA

Sri Lanka has emphatically stamped its mark on the regional tourism landscape, securing two of the most prestigious Visitors’ Choice Awards for Leading MICE Destination and Leading Wellness Destination at the 9th South Asian Travel Awards (SATA) 2025.

First Capital drives financial empowerment in Jaffna

First Capital Holdings PLC successfully hosted a two-day event in recently, aimed at educating the region on wealth creation and growth opportunities through capital markets.

Fortude concludes all-female Ignite 2.0 tech internship

Fortude has reaffirmed its commitment to diversity, equity and inclusion with the successful conclusion of the second edition of Ignite, Sri Lanka’s first all-female technology internship programme.

Hayleys Leisure appoints Shane Hallock as Chief Commercial Officer

Hayleys Leisure PLC announced the appointment of Shane Hallock as Chief Commercial Officer (CCO).

People’s Micro-Commerce celebrates 15 years

People’s Micro-Commerce (PML), a subsidiary of People’s Leasing and Finance PLC, celebrated its 15th anniversary with its inaugural awards ceremony at The Hilton Colombo.