Indices close in red

The ASPI edged down as a result of price losses in counters such as Richard Pieris & Company, Hatton National Bank and National Development Bank with the turnover crossing Rs. 6.4 Bn. Meanwhile, the S&P SL20 closed in red. High net worth and institutional investor participation was noted in Hatton National Bank, Resus Energy and Hemas Holdings. Mixed interest was observed in Dankotuwa Porcelain, LVL Energy Fund and Panasian Power whilst retail in

Yields hold steady at weekly T-bill auction

The secondary bond market saw subdued performance, characterised by limited activity and thin trading volumes. Amongst the traded maturities, the 15.12.2026, 01.05.2027 and 15.12.2029 bond maturities were traded at the rates of 8.25 percent, 8.60 percent and 9.53 percent, respectively.

Building aspiration for modern consumer: A case for home-grown brands

The world’s largest consumer packaged goods companies have hit an inflection point. Multiple leadership changes and sweeping job cuts have been announced over the last 18 months. Analysts point to slow sales growth and sluggish profits as the catalyst for this upheaval.

WSO2 appoints Kristian Györkös as Senior VP & Global Head of Channel

WSO2 has announced the appointment of Kristian Györkös as Senior Vice President & Global Head of Channel. In this strategic leadership role, Kristian will be responsible for shaping and accelerating the growth of WSO2’s global channel and partner ecosystem as the company continues to expand its reach across enterprises and markets worldwide.

Ogilvy Sri Lanka wins across Advertising, Digital and Media at Dragons of Sri Lanka 2025

Ogilvy Group Sri Lanka won key awards across advertising, digital, and media categories at the 2025 Dragons of Sri Lanka Awards recently.

Gamma Interpharm Chairman wins Platinum Award at SLEOTY 2025

Kalana Gamani Kodithuwakku Hewamallika, Chairman of Gamma Interpharm (Pvt) Ltd, was honoured with two of the highest accolades at the 25th Sri Lankan Entrepreneur of the Year Awards 2025, held recently at Cinnamon Life – City of Dreams.

Pradeep Kahawalage elected CNCI Chairman

Pradeep Kahawalage was elected as the Chairman of Ceylon National Chamber of Industries (CNCI) at the 64thAnnual General Meeting (AGM) held recently. The AGM was held on August 26 at the Hotel Taj Samudra, Colombo.

Ceylinco Life honours top sales performers at Mid-Year Awards

Ceylinco Life hosted its Mid-Year Awards Ceremony 2025 under the theme ‘Mission: Rise to Greatness’ at Shangri-La Hambantota recently.

ADB approves US $ 106.9mn to strengthen secondary healthcare services in Sri Lanka

The Asian Development Bank (ADB) has approved a US $ 106.9 million financing package to strengthen Sri Lanka’s secondary curative care services, improve communicable disease prevention and control and enhance the healthcare sector’s governance and management capacity.

Sri Lanka-Maldives Business Council hosts 17th AGM

The Sri Lanka-Maldives Business Council of The Ceylon Chamber of Commerce concluded its 17th Annual General Meeting (AGM), with High Commissioner of the Republic of Maldives Masood Imad attending as the chief guest. Sri Lankan High Commissioner designate to the Maldives M.R. Hassen and John Keells Holdings President Leisure Group Suresh Rajendra were welcomed as a special guest and guest speaker, respectively.

PMF Finance delivers strong performance

PMF Finance PLC has reported robust financial performance for the first quarter of the financial year 2025/26, reinforcing the institution’s sustained transformation and market positioning.

Digital Innovation Fund, Managed By BOV Capital And Powered By Dialog Axiata PLC, Successfully Exits IFINITY, Marking a Milestone in Sri Lanka’s FinTech Innovation Journey

August 20, 2025 - The Digital Innovation Fund (DIF), managed by BOV Capital and powered by Dialog Axiata PLC, has successfully exited its investment in IFINITY, a pioneering Sri Lankan fintech company dedicated to revolutionising banking through cutting-edge digital solutions. This exit signifies a critical milestone for both the fund and Sri Lanka’s evolving fintech ecosystem, demonstrating the country’s capability to nurture high-impact, scalab

Why Sri Lanka must realign its terminal handling charge policy to secure maritime future

In the bustling world of global logistics, where billions of dollars in goods traverse oceans daily, Colombo has long stood as a vital intersection—a strategic transshipment hub connecting East and West. Yet, for a decade, a contentious domestic policy has cast a long shadow over its port operations, creating friction with international partners and, according to industry experts, undermining the nation’s competitive edge.

Hayleys Aventura launches ASCENT 2030

Hayleys Aventura, the industrial solutions arm of the Hayleys group, recently announced the launch of ASCENT, a comprehensive roadmap designed to embed environmental, social and governance (ESG) principles across the industry inputs and power and energy sectors of the group.

Sri Lanka’s largest engineering exhibition ‘EngEX 2025’ launched

University of Peradeniya’s Faculty of Engineering in partnership with SLT Mobitel as the title partner, officially launched EngEX 2025, Sri Lanka largest and most ambitious engineering exhibition, scheduled to be held between September 23 -27 at the university premises.

NIBM NEO Ventures to nurture 50 startups from 1,000 applications

National Institute of Business Management (NIBM) launched NEO Ventures program to commercialise student ideas into business ventures, with 50 startups shortlisted out of over 1,000 applications received across the country. The program, initiated by the school of computing and engineering, NIBM, incorporates a learning model that is outcome based and does not focus on exam-based education. The shortlisted teams will be mentored, exposed to the ind

Cartoon of the Day 04-09-2025

Mixed market breadth drags CSE lower

The Colombo Stock Exchange (CSE) closed in negative territory on September 3, 2025, following a highly volatile trading session that saw the benchmark index swing 105 points between its intraday high and low.

StanChart upgrades SL bonds on economic and revenue upside

Standard Chartered Research (StanChart Research) sees a rising likelihood of upside scenarios for Sri Lanka’s sovereign bonds issued last year under its bond exchange, as the country is expected to outperform baseline economic growth targets and meet government revenue targets that could trigger coupon reductions.

Telcos to cut cost as SL embraces independent tower sharing

Sri Lanka has moved to reshape its telecommunications landscape by allowing independent firms to own and manage critical infrastructure, a shift expected to cut costs for operators and accelerate digital access across the island.

Dr. Chrisantha Fernando appointed Lanka Hospitals Chairman

Lanka Hospitals announced the appointment of Major General (Dr) P. A. Chrisantha Fernando (Retd) as the new Chairman of Lanka Hospitals Group.

Global experts back Sri Lanka’s bid for gem hub status

Sri Lanka is making a concerted push to establish itself as a premier global gem hub, capitalising on production challenges in other source markets and its own unique industry advantages.

Colombo Dockyard trading suspension deferred until Dec.

Colombo Dockyard PLC yesterday said the Securities and Exchange Commission of Sri Lanka (SEC) has granted a deferment of the suspension of trading of its shares that was scheduled to take place on 10 September 2025.

The Kandy Hotels Co. sees public float rise to 23%

The Kandy Hotels Co. (1938) PLC’s public holding rose to 23 percent as of 1 September 2025, from 15.98 percent at end-June, after non-public shareholders sold shares in the market last month.

ASPI losses after five consecutive days of gains

The ASPI closed in red as a result of price losses in counters such as Ceylon Tobacco Company, Sampath Bank and National Development Bank with the turnover crossing Rs. 7.5 bn.

Mixed market activity with focus on 2028 and 2029 maturities

The secondary bond market exhibited a mixed performance yesterday, with trading activity concentrated primarily in securities maturing in 2028 and 2029.

US Congressional delegation meets Sri Lanka Ports Authority management

A staff delegation from the United States Congress’ House Democracy Partnership met with the chairman and management team of the Sri Lanka Ports Authority (SLPA) at its headquarters in Colombo recently.

NSBM Green University Founding VC honoured as Most Visionary Leader

NSBM Green University Founding Vice Chancellor Prof. E.A. Weerasinghe was honoured with the prestigious Most Visionary Leader Award 2025, at Sri Lankan Entrepreneur of the Year (SLEOTY) Awards 2025 by the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL).

Great Place To Work announces CXO Forum 2025

Great Place To Work is set to host CXO Forum 2025 on Tuesday, September 23, 2025, at Grand Ballroom, Hilton Colombo, bringing together over 150 top-level leaders and decision-makers from Sri Lanka, India, Singapore, China, Japan and the Middle East.

Tata Motors-DIMO launch 10 new trucks and buses

Tata Motors, India’s largest commercial vehicle manufacturer and a global leader in mobility solutions, introduced 10 new commercial vehicles in partnership with DIMO, its authorised distributor in Sri Lanka.