ICTA eyes 100+ onboardings and Rs.1bn in transactions within a year through GovPay

GovPay crosses 50-organisation mark; collects Rs.65.6mn to date

Positive momentum continues, with turnover surpassing LKR 9 Bn

Indices closed in green as a result of price gains in counters such as John Keells Holdings, Sampath Bank and Hatton National Bank with the turnover crossing Rs. 9.4 Bn. High net worth and institutional investor participation was noted in Sampath Bank, Asia Asset Finance and Ceylinco Holdings. Mixed interest was observed in John Keells Holdings, Tokyo Cement Company and Pan Asia Banking Corporation whilst retail interest was noted in First Capita

Sierra Cables to wind up Tea Leaf Resort subsidiary

Sri Lanka’s Sierra Cables PLC said it has resolved to voluntarily wind up its subsidiary The Tea Leaf Resort Holding (Private) Limited, in line with the provisions of Companies Act No. 07 of 2007.

Lack of market activity results in stable yield curve

The secondary market opened the week with limited trading activity, leading to a largely static yield curve. Among the few notable trades, the 01.05.2027 maturity traded at 8.35%, while the 15.03.2028 maturity traded at 8.76%. Similarly, the 01.05.2028 exchanged hands at the rate of 8.88%. Despite these transactions, the overall market environment remained quiet, preventing any significant movement or adjustment in the yield curve.

ComBank and Tantri Trailers to promote Green Financing for renewable energy solutions

The Commercial Bank of Ceylon PLC has signed a Memorandum of Understanding (MoU) with Tantri Energy, a subsidiary of Tantri Trailers (Pvt) Ltd., to promote the adoption of renewable energy solutions through the bank’s Green Loans and Green Leases.

People’s Bank launches SME Business Credit Card in partnership with Mastercard

People’s Bank has unveiled its latest credit card offering—the SME Business Credit Card—specially designed for Small and Medium Enterprise (SME) customers, in collaboration with Mastercard.

Venkadeshwara Agro Industries plans CSE listing

Venkadeshwara Agro Industry (VAI) operates within the first industrial estate in post war Sri Lanka, the Atchchuveli Industrial Estate, which is located within close proximity to the KKS Harbour and Palaly Airport,

Siyapatha Finance opens 54th branch in Kaduwela Dynamic City

Siyapatha Finance PLC recently opened its newest branch in Kaduwela, expanding its island wide network to 54 branches.

LOLC Finance Ran Savi revolutionizes Gold Loan top-ups with iPay

LOLC Finance continues to lead the way in digital transformation with the launch of its latest enhancement to the Ran Savi Gold Loan facility.

Beware of their tactics: Avoid pyramid schemes at any cost!

As the time-tested proverb goes, “wealth gained hastily will dwindle, but wealth accumulated through diligence will endure”, it is a well-established reality that financial prosperity cannot be achieved overnight through legitimate means.

CSE closes all time high above 18,800 renewing market record

The Colombo Stock Exchange (CSE) closed on a strong note today as the All Share Price Index (ASPI) surged by 297.13 points to end at a fresh all time high of 18,838.39, gaining 1.60 percent for the day.

Pharma industry warns of collapse without buyback extension

The Sri Lanka Pharma Manufacturers Association (SLPMA) issued a stark warning, stating the country’s domestic pharmaceutical production could plummet to a mere 5 percent of government supply if critical buyback agreements are not extended.

SLPMA launches five-pillar blueprint for pharma export hub vision

The Sri Lanka Pharma Manufacturers Association (SLPMA) has unveiled a five-pillar survival blueprint with a powerful national call to action urging all stakeholders to come together in a bold,

Sri Lankan rubber industry sounds “red alert”, demands top-level US talks to avert 30% tariff disaster

The Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) has issued an urgent and unequivocal demand for the government to initiate immediate, high-level engagement with US authorities,

Sri Lanka’s June remittances surge 22.3% YoY

Remittances from Sri Lankans abroad rose sharply to US$ 635.7 million in June 2025, a 22.3 percent increase compared to June 2024.

Softlogic Life  completes  acquisition of Allianz Life

Softlogic Life Insurance PLC (SLL) has finalised its acquisition of 100 percent of Allianz Life Insurance Lanka Limited from German insurance giant Allianz SE.

Exporters sound alarm over Trump’s proposed 30% tariff

Sri Lanka›s crucial export sector faces significant disruption following a warning from the Exporters Association of Sri Lanka (EASL) regarding a proposed 30 percent tariff on all exports to the United States, outlined in a recent letter from President Donald Trump.

Hettich unveils its first state-of-the-art experience centre in Sri Lanka

Hettich, the global market leader for manufacturing furniture fittings, proudly inaugurated their first company-owned Experience Centre in Colombo.

DIMO Agribusinesses elevates farmers into agripreneurs

DIMO Agribusinesses promotes data-driven farming and professional consultancy in agriculture to transform local farmers into agripreneurs,

SLIC Life among Asia’s best

Sri Lanka Insurance Life (SLIC Life) is among the finalists in three key categories at the upcoming 10th Asia Trusted Life Agents and Advisers Awards 2025.

Cinnamon Hotels & Resorts launches Wildlife Festival in UK

Cinnamon Hotels & Resorts in partnership with Cinnamon Nature Trails, the Wilderness and Wildlife Foundation and Sri Lanka High Commission in the UK, recently announced the launch of the inaugural Sri Lanka Wildlife Festival in London from July 15-17, 2025.

Cargills Food City celebrates World Environment Day with BYOB campaign

In celebration of World Environment Day 2025, Cargills Food City reaffirmed its ongoing commitment to sustainability with a special bring your own bag (BYOB) initiative.

BOC-Peradeniya University to advance innovation and knowledge exchange

Bank of Ceylon (BOC) signed a landmark memorandum of understanding (MoU) with the University of Peradeniya, marking a significant step in bridging the gap between academia and the banking sector.

SriLankan Cargo named as finalist for Airline of the Year - Asia at World Air Cargo Awards

SriLankan Cargo, the air freight arm of SriLankan Airlines, was named as a finalist for Airline of the Year – Asia, at the prestigious World Air Cargo Awards 2025, held recently at the air cargo Europe trade fair in Messe München, Munich, Germany.

Anti-Pyramid National Awareness Week kicks off today

The Anti-Pyramid National Awareness Week, launched by the Financial Consumer Relations Department of the Central Bank of Sri Lanka (CBSL), is held from July 14 to 18, 2025, under the theme ‘Pyramid is a trap – don’t get into the wrong track’.

ComBank wins 6 top honours at Asian Banking & Finance Awards 2025

Commercial Bank of Ceylon has reaffirmed its leadership in Sri Lanka’s banking sector with a stellar performance at Asian Banking & Finance (ABF) Awards 2025,

Alumex achieves ASI performance standard certification

Alumex PLC, the country’s leading aluminium extrusion manufacturer, was bestowed with the prestigious Aluminium Stewardship Initiative (ASI) performance standard certification,

FitsAir strengthens regional network with daily Dhaka service

In response to strong demand and growing trade and tourism ties between Sri Lanka and Bangladesh, FitsAir announced that its Colombo– Dhaka service would operate daily from August 18, 2025.

Kia unveils all-new 2026 Sportage and Carnival hybrids in Sri Lanka

Kia has marked another milestone in Sri Lanka’s automotive landscape with the unveiling of two all-new models – 2026 Kia Sportage and 2026 Kia Carnival Hybrid – at an exclusive media preview at Cinnamon Life, Colombo.

Boost for Sri Lankan garment sector as UK launches new trade measures

On July 10, the UK government unveiled a package of reforms to simplify the imports from developing countries like Sri Lanka.