SriLankan Cargo achieves ISO 9001:2015 Quality Management Certification

SriLankan Cargo, the air freight arm of SriLankan Airlines, has achieved the ISO 9001:2015 Quality Management System(QMS) Certification for its cargo ground handling operations at Bandaranaike International Airport (BIA), reaffirming the airline’s consistent commitment to excellence in all aspects of cargo operations.

Cinnamon Hotels & Resorts announces new leadership appointments

Cinnamon Hotels & Resorts has announced a series of senior leadership transitions across its Sri Lankan resort portfolio, reflecting the Group’s strategic commitment to strengthening internal talent pipelines, advancing inclusive leadership, and driving operational excellence across its Sri Lanka Resort portfolio.

Public Relations Association unveils Code of Ethics

The Public Relations Association of Sri Lanka (PRASL) unveiled and adopted its first-ever Code of Ethics, aligning the local profession with global standards on World PR Day, celebrated annually on July 16.

CA Sri Lanka opens applications for ‘TAGS Awards 2025’

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) officially launched the 60thAnniversary TAGS Awards 2025 at a press conference held in Colombo this week.

SLT-Mobitel becomes first telco to partner with KOKO

SLT-Mobitel, in a new partnership, has become the first telco to join forces with KOKO, the Buy Now, Pay Later (BNPL) provider, to offer flexible payment solutions for 4G and 5G-ready devices and connectivity products. As the first telecommunications provider to integrate Buy Now Pay Later (BNPL) solutions, SLT-Mobitel strengthens its position as an industry innovator committed to customer-centric solutions.

CSE records 7th highest turnover despite market decline

The Colombo Stock Exchange (CSE) witnessed heightened activity today, initially gaining nearly 80 points during the first hour of trading.

July start signals even tougher climb to reach 3 mn tourist arrivals by year-end

Sri Lanka’s ambitious goal of welcoming 3 million tourists in 2025 faces further pressure after a lackluster start to July.

Commercial Credit and Finance to raise up to Rs. 5 bn via high-yield bond issue

Commercial Credit and Finance PLC shared that the board has approved a plan to raise up to Rs. 5 billion through the issuance of listed, rated, unsecured, subordinated high-yield bonds.

PABC public holding up to 60% after Bansei exit

Pan Asia Banking Corporation PLC yesterday said its public shareholding rose to 60.01 percent as of July 14, following a stake reduction by its second-largest shareholder, Bansei Securities Co., Ltd.

LIOC posts muted 1Q as pump prices dip

The June quarter earnings season got underway with Lanka IOC PLC (LIOC) reporting lower top and bottom-line performance for the quarter caused by the repeated cuts to fuel prices in line with the softened global oil prices.

German investors explore Sri Lanka while calling for policy reforms

German companies have expressed strong interest in expanding their footprint in Sri Lanka, but stressed the need for greater policy consistency and transparency to drive investment decisions, officials said.

SL’s Palmstone Retreat among global top 10% in Tripadvisor Travellers’ Choice 2024

Palmstone Retreat in Kitulgala has been named a winner of the Tripadvisor Travellers’ Choice Award 2024, placing it among the top 10 percent of hotels worldwide based on guest reviews and ratings.

PanAsian Power connects third 5MW solar project to national grid

PanAsian Power PLC announced the connection of its 5MW ground-mounted solar project in Kurunegala to the national grid on 14 July 2025, which according to the company marks a key step in the company’s renewable energy expansion.

ASPI hits all-time high with turnover exceeding Rs. 9bn

Indices closed in green as a result of price gains in counters such as John Keells Holdings, Commercial Bank and Access Engineering with the turnover crossing Rs. 9.1 bn.

Activity stalls as secondary market hits pause

Activity in the secondary market remained rather lethargic yesterday as Monday’s tepid atmosphere continued to hold firm.

Manufacturers unveil national call to produce medicine in Sri Lanka as strategic priority

The Sri Lanka Pharmaceutical Manufacturers’ Association (SLPMA), in a historic step, has issued a powerful national call to action urging all stakeholders to come together in a bold, unified effort to shape a future where Sri Lanka emerges as a trusted, high-quality and export-driven pharmaceutical manufacturing hub.

Bridjin enters transaction advisory space

One of Sri Lanka’s largest mergers and acquisitions was recently concluded between the promoter shareholders of East West Properties PLC and business magnate Dhammika Perera with Brigjin as the transaction advisor to the promoter shareholders.

Cargills appoints Chulantha Wickramaratne to board

Cargills (Ceylon) PLC announced the appointment of Chulantha Wickramaratne to its board as an Independent Non-Executive Director.

SL-France Business Council holds 21st AGM

The Sri Lanka-France Business Council (SLFBC) of The Ceylon Chamber of Commerce held its 21st Annual General Meeting (AGM) recently, with Ambassador of France to Sri Lanka Rémi Lambert, the patron of the council, in attendance as the chief guest.

EFC submits roadmap on good governance in social security institutions to Labour Minister

The Employers’ Federation of Ceylon (EFC) formally presented the position paper titled ‘Preserving Beneficiary Interests in Sri Lanka’s Social Security Institutions Through Good Governance’ to Labour Minister Anil Jayantha Fernando.

Sri Lanka Coffee Festival returns to highlands

The Export Agriculture Department, in collaboration with Australia’s Market Development Facility (MDF) and Lanka Coffee Association (LCA), successfully hosted the fourth annual Sri Lanka Coffee Festival recently in Kandy.

Browns marks 150 years with Rs.200mn dealer rewards

In an effort to honour the long-standing loyalty and performance of its key dealers across the island, Browns’ Battery and Tyre Strategic Business Unit (SBU) recently hosted a prestigious dealer appreciation ceremony at Galle Face Hotel.

Prime Group kicks off Skye Blossom Kotttawa construction

Against the backdrop of Kottawa’s evolving skyline and thriving suburb, Prime Lands ceremonially broke ground on Skye Blossom Kottawa, a high-rise development redefining the concept of contemporary living with an inspiring and powerful new philosophy - ‘A Home that grows with you’.

Groundworth introduces Urbanscape Kottawa residential and commercial plots

Groundworth Partners, Sri Lanka’s trusted name in premium residential land development, announced the official launch of its latest project – Urbanscape Kottawa, a strategically located residential and commercial land offering that guarantees high value, exceptional accessibility and unmatched return on investment.

Toyota Lanka unveils 2025 brand-new vehicle line-up at Toyota LIFE Grand Reveal

Toyota Lanka (Private) Limited officially unveiled its 2025 Toyota brand-new vehicle line-up in celebration of its 30th year of operations at the Toyota LIFE Grand Reveal.

Sri Lankan brands to make a mark at FHA-Maldives 2025

The Maldives’ most prestigious international hospitality trade event FHA-Maldives 2025 (https://fhamaldives.com) is set to return from September 7 to 9, at Central Park, Hulhumalé, with a powerful line-up of global exhibitors and this year, Sri Lankan companies are stepping into the spotlight like never before.

CSE crosses 19,000 during trading session reflecting continued investor activity

The Colombo Stock Exchange (CSE) witnessed a historic session today as the All Share Price Index (ASPI) crossed the 19,000 mark for the first time, closing with a gain of 107.88 points at 19,012.41.

EDB kicks off application process for 27th edition of Presidential Export Awards

The Sri Lanka Export Development Board (EDB) announced yesterday that the applications for the 27th Presidential Export Awards are open.

IRD mandates stricter quarterly tax reporting for banks

Sri Lanka’s Inland Revenue Department (IRD) has imposed stricter new quarterly filing requirements for the banks and financial institutions handling advance income tax (AIT) deductions on interest payments, effective immediately. Under circular No. SEC/2025/E/05, issued by Commissioner General Rukdevi P.H. Fernando, only the institutions deducting 10 percent AIT on interest, discounts or Islamic financial transactions must now submit the detailed

Govt. inks debt restructuring deal with Saudi Fund for Development

Sri Lanka yesterday signed the bilateral amendatory loan agreements with the Saudi Fund for Development (SFD), a key step in its ongoing external debt restructuring process, the Finance Ministry said.