HNB backs US$ 40mn Surge–Calcey merger to launch ‘Short Circuit’

In a landmark move for Sri Lanka’s digital economy, Surge Global and Calcey Technologies have joined forces in a US$ 40 million transaction to form Short Circuit Pte Ltd – a regional tech powerhouse built to deliver transformation at scale, with deep operational discipline for growth-stage companies and enterprises alike.

Janashakthi Insurance and Janashakthi Finance relocate head offices

Janashakthi Insurance PLC and Janashakthi Finance PLC, two strategic business units of JXG (Janashakthi Group), recently relocated their respective head offices to the Bishop’s Gate Building at No. 338, T.B. Jayah Mawatha, Colombo 10.

Sysco LABS supports Sri Lanka’s inaugural ‘BSides Cybersecurity Conference’

Sysco LABS was the Strategic Partner of ‘BSides Sri Lanka 2025’, the country’s first-ever community-driven cybersecurity conference.

LOLC group sets new benchmark at NBEA 2025 with multi-sector triumph

In a display of market leadership and performance, LOLC Holdings PLC cemented its position as Sri Lanka’s most diversified and future-focused conglomerate with an extraordinary sweep at the National Business Excellence Awards (NBEA) 2025, organized by the National Chamber of Commerce of Sri Lanka (NCCSL).

Peter Kuruvita joins hands with Home Lands as Brand Ambassador

Home Lands welcomes internationally renowned chef and restaurateur Peter Kuruvita as an official brand ambassador.

CSE surpasses 20,000 milestone prior to ASPI decline

The Colombo Stock Exchange (CSE) marked a historic milestone today as the All Share Price Index (ASPI) crossed the 20,000 mark for the first time, gaining nearly 120 points within the first 30 minutes of trading. However, the initial optimism gave way to profit-taking, resulting in a reversal of early gains. The ASPI closed the day down by 128.02 points (-0.64%) at 19,786.23, while the S&P SL20 declined by 37.14 points (-0.63%) to end at 5,857.61

SL poised to become ‘India’s Macau,’ says Melco chief at JKH’s City of Dreams launch

With the launch of the landmark City of Dreams Sri Lanka last Saturday, the nation is being positioned as a potential gaming and tourism hub for South Asia, with Melco Resorts & Entertainment Chairman and CEO, Lawrence Ho, drawing a powerful parallel: “Sri Lanka to India to be what Macau is to China.”

CSE launches CCP system, paving the way for derivatives market

The Colombo Stock Exchange (CSE) has taken a monumental step towards the introduction of a derivatives market by launching a Central Counterparty (CCP) system.

Winter bookings ‘significantly higher’ than last year- JKH chief

Sri Lanka is heading towards a strong winter tourist season, with bookings showing a significant year-over-year increase, according to John Keells Group Chairperson Krishan Balendra.

Sri Lanka surpasses 200,000 tourist arrivals in July

Sri Lanka’s tourism sector managed to continue its growth trajectory in July 2025, welcoming 200,244 international visitors.

Minister calls out banks for ‘lack of enthusiasm’ on flagship credit guarantee scheme

A flagship government credit guarantee scheme designed to fuel the growth of Sri Lanka’s small and medium enterprises is failing to gain momentum, a slowdown that Deputy Minister Chathuranga Abeysinghe has blamed on a “pronounced lack of enthusiasm” from the nation’s banks.

Central Expressway’s Pothuhera-Rambukkana stretch on track for 2026 opening

The crucial first package of the Central Expressway’s Section 3, connecting Pothuhera to Rambukkana, is on schedule to open to the public in 2026, with Access Engineering PLC set to complete its foundational work by September of this year.

Intex Sri Lanka 2025 to ignite textile and apparel world

From August 6-8 2025, Colombo will once again become the epicentre of South Asia’s textile and apparel universe as Intex Sri Lanka returns with its most powerful edition yet.

Automobile Technologies opens first-ever GAC Aion EV City Store at CCC Mall

The grand opening of the inaugural showroom of GAC by Automobile Technologies (Pvt.) Ltd was held recently on the prestigious Colombo City Centre (CCC) premises, leading Sri Lanka to a new era of innovation, elegance and electric mobility.

J’pura University launches Value Masters 2025

The University of Sri Jayewardenepura marked the ceremonial launch of Value Masters 2025 recently, officially kicking off Sri Lanka’s premier inter-university equity valuation competition.

Agromax Industries holds Annual Sales Conference 2025

Agromax, Sri Lanka’s leading water pump manufacturer and pioneer in delivering innovative water management solutions, celebrated its Annual Sales Conference 2025 at Citrus Hotel Waskaduwa.

SLIM-Mastercard elevate Sri Lankan brands on global stage

The Sri Lanka Institute of Marketing (SLIM) announced a strategic collaboration with Mastercard.

Prof. Aminda Perera assumes duties as SANASA Life Insurance Chairman

On July 17, Prof. Aminda Perera officially assumed the role of Chairman of SANASA Life Insurance PLC, following a ceremony at the head office in Colombo.

The Shoppes at City of Dreams debuts high-end retail this August

With the grand opening of City of Dreams, Sri Lanka’s first integrated resort, on August 2, 2025, the destination’s premium retail component, The Shoppes at City of Dreams, officially opened its doors on August 1.

ComBank among world’s Top 1000 banks for record 13th time

Commercial Bank of Ceylon has once again been ranked among the world’s Top 1000 Banks by the UK’s authoritative financial sector publication The Banker, becoming the only Sri Lankan bank to achieve this milestone on 13 occasions.

Sunshine Holdings reports 11.6% YoY topline growth in 1QFY26

Diversified Sri Lankan conglomerate Sunshine Holdings PLC delivered a resilient start to FY26, reporting strong top and bottom-line growths.

Inqbaytor becomes SL’s first certified Turkish Airlines NDC aggregator

Inqbaytor Technologies, a leading travel technology company, recently announced its certification as the first Turkish Airlines Direct NDC API aggregator in Sri Lanka.

CEAT ranked as SL’s Most Valuable Tyre Brand in 2025 Brand Finance Report

CEAT, Sri Lanka’s highest-selling pneumatic tyre brand, has once again reaffirmed its leadership in the country’s automotive sector by being ranked as the Most Valuable Tyre Brand in Sri Lanka for 2025, in the latest edition of the Brand Finance Lanka rankings.

City of Dreams Sri Lanka debuts South Asia’s first integrated luxury resort

City of Dreams, Sri Lanka’s largest private sector investment in luxury tourism, will open its doors today, marking the official launch of South Asia’s first fully integrated resort.

Relief for local apparel sector as US trims tariffs to 20%

Sri Lanka’s apparel industry has welcomed the United States’ decision to revise the reciprocal tariff on Sri Lankan exports to 20 percent, a move the sector says is vital to retaining competitiveness in its top export market.

Ceylon Chamber acknowledges US tariff reduction

The Ceylon Chamber of Commerce yesterday commended the government of Sri Lanka and the national negotiation team on the successful outcome of the recent discussions with the United States, which led to a further reduction in the reciprocal tariff rate on Sri Lankan exports from 30 percent to 20 percent.

Deflation nearing end as Colombo prices in July slip 0.3% on lower food prices

In what is likely to be the final negative inflation print in this spell, the prices in the Colombo district declined 0.3 percent from the same period a year ago.

nVentures invests over US $ 1.5mn in SL start-ups

In a major milestone for Sri Lanka’s start-up ecosystem, nVentures has emerged as the country’s first foreign venture capital (VC) firm to be licensed by Singapore’s Monetary Authority (MAS) and actively invest in local start-ups.

Sri Lanka’s real estate sector navigates “transitional period” amidst new supply

Sri Lanka’s real estate sector is currently in a pivotal transitional phase, where its strong long-term potential is being tested by the short-term challenge of absorbing a significant new supply of properties, according to the latest annual report from the diversified conglomerate Carson Cumberbatch PLC.

August begins with gains

Indices closed in green as a result of price gains in counters such as Hatton National Bank, John Keells Holdings and Commercial Bank with the turnover crossing Rs. 7.3 Bn.