The future of electric driving has arrived

Electric cars are no longer just about saving fuel or reducing emissions. They’re quickly becoming the new standard for luxury, technology, and smart mobility.

CBSL keeps overnight policy rate unchanged

The Monetary Policy Board decided to maintain the Overnight Policy Rate (OPR) at the current level of 7.75% at its meeting held yesterday.

Sri Lanka’s unit trust industry sees widening investor base

Sri Lanka’s unit trust industry has demonstrated a significant expansion in its investor base over the past year, a positive indicator for financial inclusion and capital market depth.

Sri Lanka to spotlight export potential at Expo 2025 Japan

The Export Development Board (EDB), as part of its strategic approach to fostering further economic relationships with Japan on one hand and exploring new markets in Japan on the other, together with the Embassy of Sri Lanka in Tokyo is to organise a Sri Lanka Business forum and Networking session at the World Expo 2025 at Osaka, Japan, on 26 September 2025.

Tea output in 1H up 6.1% YoY

Sri Lanka’s tea production expanded in the first half of 2025, supported by improved output across all elevations, although gains were tempered by a year-on-year drop in June, data from Forbes & Walker Tea Brokers showed.

IMF First Deputy Managing Director Gita Gopinath to step down

International Monetary Fund (IMF) second in command, First Deputy Managing Director (FDMD) Gita Gopinath will step down from her role in August to return to ‘academic roots’.

Fitch rates Commercial Bank of Ceylon’s Basel III Subordinated Green Bond Final ‘A(lka)’

Fitch Ratings has assigned Commercial Bank of Ceylon PLC’s (COMB; AA-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated green bonds of up to Rs. 15 billion a final National Long-Term Rating of ‘A(lka)’.

Indices closed in green

Indices closed in green as a result of price gains in counters such as DFCC Bank, National Development Bank and Access Engineering with the turnover crossing Rs. 5.9 bn.

Secondary market extends its quiet streak

Secondary market withstood yet another muted day of trading yesterday as investors remained on the sidelines, having adopted a wait-and-see approach ahead of the monetary policy decision set to be announced today. Consequently, trading volumes were limited and the yield curve held firm.

Lanka Ashok Leyland charges ahead with electric buses and export push

Lanka Ashok Leyland PLC (LAL) is poised for a new era of growth, announcing ambitious plans to launch a full range of electric buses and commence exports, with the first consignment already delivered to the Maldives.

Rotary Means Business SL to host diplomats, biz leaders at landmark installation

The Rotary Means Business (RMB) Fellowship Sri Lanka Chapter announced it would host its much-anticipated Installation and International Business Networking Night 2025 on Thursday, July 24, 2025, at Cinnamon Life, City of Dreams, Colombo.

HNB and Indra Traders drive forward vehicle leasing solutions

HNB PLC has partnered with Indra Traders (Pvt.) Ltd to offer flexible leasing solutions for both registered and unregistered vehicles.

Sri Lanka Economic and Investment Summit 2025 opens registrations

The Ceylon Chamber of Commerce announced that registrations are now open for Sri Lanka Economic and Investment Summit 2025 (SLEIS), taking place on December 2 and 3, at Shangri-La Colombo.

ComBank-AusAsia Education support students with affordable education loans

Students aspiring to study overseas can now benefit from a special loan scheme offered by Commercial Bank of Ceylon, following the signing of a memorandum of understanding (MoU) with Austasia Education Consultants (Pvt.) Ltd (AusAsia Education), a leading student placement agency in Sri Lanka.

LB Finance-BYD accelerate electric vehicle adoption in Sri Lanka

LB Finance PLC entered a strategic partnership with JKCG, the local agent for BYD, one of the world’s foremost electric vehicle and clean energy manufacturers.

UK-Based Global Banking and Finance Awards recognises Janashakthi Life

Janashakthi Life, Sri Lanka’s fastest-growing life insurance provider in the first quarter of 2025 and a subsidiary of JXG (Janashakthi Group),

Great Place To Work unveils SL’s 40 Best Workplaces for 2025

In its 13th consecutive year of championing exceptional workplace culture, Great Place To Work Sri Lanka has officially unveiled the list of the 40 Best Workplaces in Sri Lanka for 2025.

Cargills conducts capacity building programme for women-led SMEs

Cargills, in collaboration with the Agriculture Ministry’s ‘Hela Bojun’ programme, continues its efforts to empower women entrepreneurs through the Cargills Lak Bojun initiative.

Sri Lanka Insurance Life Suba Pathum Scholarship Awards Ceremony today

The much-anticipated Sri Lanka Insurance Life – Suba Pathum Scholarship Awards Ceremony will take place today at the Main Hall of the Bandaranaike Memorial International Conference Hall (BMICH), Colombo 7.

McLarens Lubricants clinches Gold at ExxonMobil’s Circle of Excellence Awards

McLarens Lubricants Ltd, the authorised distributor of Mobil Lubricants in Sri Lanka and the Maldives, has been honoured with the prestigious Gold award in the Overall Winner category, at the ExxonMobil Circle of Excellence Awards recently held in Perth, Australia.

Bling Productions-Eyeon’s Pixel Bloom recognised at WOW Awards Asia

In a landmark achievement for the Sri Lankan event industry, Bling Productions and Eyeon recently clinched two Silver awards and one Bronze award at WOW Awards Asia 2025—Asia’s most prestigious platform for recognising excellence in events and experiential marketing.

CSF Summer Fair 2025 concludes successfully

Colombo Shopping Festival (CSF) Summer Fair 2025 successfully concluded at the Sirimavo Bandaranaike Memorial Exhibition Centre (BMICH), following a massive response and participation of mostly satisfied consumers.

Int’l Construction Consortium unveils suspended beam slab system

In an era where speed, sustainability and efficiency define the future of construction, International Construction Consortium (Pvt.) Limited (ICC), one of Sri Lanka’s most innovative and forward-thinking construction companies, is poised to reshape the nation’s building landscape.

IMF FDMD Gita Gopinath to stepdown

International Monetary Fund (IMF) Managing Director Kristalina Georgieva announced today that Gita Gopinath, First Deputy Managing Director (FDMD), would be leaving the Fund at the end of August to return to Harvard University, where she will be the inaugural Gregory and Ania Coffey Professor of Economics in the Department of Economics.

Sri Lanka’s economic output tipped to surpass pre-pandemic peak in 2026 – Bloomberg Economics

Sri Lanka’s economy is poised for a significant rebound, with projections indicating that the nation’s output will exceed its 2018 pre-pandemic levels by next year.

National consumer prices rise 0.6% in June on electricity tariff hike

Sri Lanka’s consumer prices, measured nationally, rose by 0.6 percent in June from a month ago levels, picking up from 0.5 percent in May, as the upward revision to the electricity prices in June sent the non-food prices higher.

Central Bank likely to ease rates further as economy slows – First Capital Research

The Central Bank is expected to cut its key interest rates at its monetary policy meeting today, with a 60 percent probability for a reduction, according to a pre-policy analysis by First Capital Research (FCR).

IMF reaffirms support for Sri Lanka in progressing globally with a stable economy

A discussion between President Anura Kumara Dissanayake and the representatives of the International Monetary Fund (IMF) was held yesterday at the Presidential Secretariat, regarding the future review of the Extended Credit Facility between the IMF and Sri Lanka.

US reciprocal tariffs on Sri Lankan goods forecast to ease by mid-2026

A new forecast from Bloomberg Economics suggests that the reciprocal tariffs imposed by the US on Sri Lankan exports are expected to gradually decrease, reverting to 10 percent by June 2026.

Prime Lands acquires Colombo 9 property from Lanka Realty in Rs.1.1bn deal

Lanka Realty Investments PLC (LRI) has announced the sale of a prime land parcel in Colombo 9 by its fully-owned subsidiary Baseline Holdings (Private) Limited, to Prime Lands Residencies PLC, for a total of Rs.1.1 billion. The deal was finalised on July 18, 2025, according to a corporate disclosure filed with the Colombo Stock Exchange.