Sanasa General Insurance-GMOA renew strategic partnership

Sanasa General Insurance Company PLC (SGIC) and the Government Medical Officers’ Association (GMOA) have announced the renewal of their strategic memorandum of understanding (MoU) for the third consecutive year, cementing SGIC’s continued role as the preferred general insurance partner for the esteemed members of the GMOA.

Abans appoints Tilakaratne Dilshan as Haier brand ambassador

Sri Lankan cricket legend and former test captain Tilakaratne Dilshan was appointed as the official brand ambassador of Haier Sri Lanka, brought by Abans PLC.

Finlays-StrEdge collaboration nurtures future-ready leaders

StrEdge Advisory, the business consultancy arm of StrEdge Group of Companies, recently concluded a ten-month Leadership Development Programme for Finlays Colombo Limited.

Prime Group hands over Clover Signature Villas to homeowners

Prime Group celebrated the successful hand-over of Clover by Prime Signature Villas.

‘Most aggressive’ APAC cyber threat group has Sri Lanka in its sights – Kaspersky

Sri Lanka has been identified as a key target for SideWinder, dubbed “the most aggressive threat in APAC” by global cybersecurity giant Kaspersky.

US tariff sparks export diversification push in SL

The Sri Lanka Export Development Board (EDB) convened a high-level forum yesterday to address the repercussions of the 20 percent tariff imposed by the US on a range of Sri Lankan exports.

Casino operators, state bank fined for money laundering lapse

The Financial Intelligence Unit (FIU) has penalised two licensed casino operators and a state-owned bank for lapses in anti-money laundering and counter-terrorist financing compliance, collecting a total of Rs.6.5 million (US $ 22,000) in fines during the first half of 2025, the Central Bank said.

Hemas reports strong 1Q26 performance

Hemas Holdings PLC posted a double-digit profit gain for the June quarter, driven by a strong topline growth in its healthcare segment, improved margins and easing finance costs, positioning the diversified group on firmer ground as it entered the new financial year.

Chevron reports a solid June quarter on sales and focuses on margin expansion

Chevron Lubricant Lanka PLC reported some solid top and bottom-line performances for the three months through June 30.

INSEE-SLINTEC R&D tie-up targets next-gen building materials

INSEE Cement, Sri Lanka’s largest cement manufacturer, has signed a memorandum of understanding (MoU) with the Sri Lanka Institute of Nanotechnology (SLINTEC) to jointly advance innovation and sustainability in the local construction sector.

Cartoon of the Day 06-08-2025: Caption This! (In The Comments)

Luminex pivots to agriculture exports to offset telecom slump

Luminex PLC, a prominent player in Sri Lanka’s engineering and construction industry, has announced a strategic move into an export-oriented agriculture business as part of a broader diversification strategy, aimed at reducing its reliance on the telecommunications sector.

Indices closed on a mixed note

The ASPI closed in green as a result of price gains in counters such as Melstacorp, People’s Insurance and Carson Cumberbatch with the turnover crossing Rs. 4.4 Bn. Meanwhile, the S&P SL20 edged down. High net worth and institutional investor participation was noted in E B Creasy & Company, National Development Bank and The Colombo Fort Land & Building. Mixed interest was observed in CIC Holdings nonvoting, CIC Holdings and John Keells Holdings w

Intex Sri Lanka 2025 opens doors

In a milestone moment for South Asia’s textile and apparel industry, Intex Sri Lanka 2025 officially commenced its 10th edition yesterday, at the Bandaranaike Memorial International Conference Hall in Colombo. Celebrating a decade of industry impact and partnership-building, this year’s edition is larger, more global and more future-forward than ever before.

Secondary market stagnates amid low trading activity

The secondary market endured another subdued session, resulting in minimal movement along the yield curve. Trading volumes remained thin, with few notable transactions recorded. On the shorter end, the 01.07.2028 maturity was traded within a narrow band of 8.80% to 8.82%. Further along the curve, the 15.12.2029 maturity saw trades between 9.39% to 9.40%. Meanwhile, the 01.07.2030 maturity changed hands at a yield of 9.50%.

HNB implements Nucleus’ FinnAxia transaction banking suite

HNB PLC has implemented FinnAxia, the advanced transaction banking suite from Nucleus Software, as part of a strategic initiative to strengthen its leadership in digital banking and meet the growing needs of its corporate and SME clients across Sri Lanka and around the globe.

Hayleys Mobility with OMODA & JAECOO Automobile to deliver EVs, hybrids

Hayleys Mobility, the newest venture under Hayleys Fentons, has officially entered the electric and hybrid vehicle market through an exclusive distribution partnership with OMODA & JAECOO Automobile Co., Ltd, the premium NEV brand of Chery Automobile Co., Limited.

Carmart hands over brand-new Peugeot 2025 models

In a momentous celebration of French automotive excellence, Carmart (Pvt.) Ltd, the sole authorised importer, distributor and repairer for Peugeot in Sri Lanka, handed over the first batch of brand-new Peugeot 2025 models to a select group of discerning customers at a private event held this week.

Sanken Overseas invests in CL Synergy Group

Marking a significant milestone in the construction industry, Sanken Overseas (Pvt.) Ltd made inroads into the freight and logistics sector through an investment in CL Synergy.

Can quantum computing era force a global cybersecurity revolution?

In the bustling halls of the recent Kaspersky APAC Cyber Security Weekend, a presentation by one of the company’s top researchers casts a long, futuristic shadow over the proceedings.

DBL Night honours excellence in sales across Sri Lanka

Deen Brothers Imports (DBL) successfully hosted DBL Night 2024, at Cinnamon Life Hotel, Colombo. The event celebrated and recognised the dedication and outstanding performance of DBL’s sales agents from across the island.

Visa presents ‘India on a Plate’ for Infinite cardholders

Visa curated a one-of-a-kind dining experience called ‘India on a Plate’ exclusively for its Visa Infinite cardholders, held in collaboration with Cinnamon Life at Indiya Restaurant.

Corporate risk rises as gamers in Sri Lanka hit by malware: Kaspersky

New threat research from Kaspersky has revealed a startling figure for Sri Lanka’s gaming community and its corporate sector with at least 10,877 gaming accounts in the country compromised by infostealer malware in 2024.

National tea sale average rises in July but declines YoY

Sri Lanka’s national tea sale average for July 2025 was recorded at Rs.1,127.60 (US$ 3.74) per kilogramme, up Rs.24.33 (US$0.06), from June average of Rs.1,103.27 (US$ 3.68), according to the data compiled by Forbes & Walker Research.

No pact with CEB on battery project: Panasian Power

Panasian Power PLC denied claims circulating on social media that it had entered into a definitive agreement with the Ceylon Electricity Board (CEB) for a battery pack project and secured funding from the Asian Development Bank (ADB).

Access Engineering’s medical plant eyes early 2026 launch to produce critical cancer-detecting isotopes

Access Engineering PLC is poised to commence production at Sri Lanka’s first radiopharmaceutical plant by early next year, a landmark venture expected to revolutionise cancer diagnosis and treatment in the country.

Indices closed in red

Indices closed in red as a result of price losses in counters such as John Keells Holdings, Melstacorp and DFCC Bank with the turnover crossing Rs. 3.3 bn.

Yields hold steady amid dormant activity

The secondary market withstood yet another lethargic session prompting the yield curve to remain largely static. Yesterday’s trading volumes were limited, and significant transactions were scarce.

HNB launches new 24/7 branch at City of Dreams Sri Lanka

HNB PLC has opened a fully-fledged branch at City of Dreams Sri Lanka.

People’s Bank’s digital and diversity-focus receives Euromoney recognition

People’s Bank has once again asserted its leadership in Sri Lanka’s financial sector by being named as Sri Lanka’s Best Bank for Diversity and Inclusion and Sri Lanka’s Best Digital Bank at the prestigious Euromoney Awards for Excellence 2025.