Orange Electric repositions influencer engagement initiative with new vision

Orange Electric announced the repositioning of its flagship influencer engagement initiative - the ‘Orange Electricians Society’ with a new vision as ‘Hasarella’ - a name in Sinhala that symbolises laughter, smiles, and shared joy.

HNB showcases Club Elite Mastercard experience with Maldives preview

HNB PLC recently hosted an exclusive experience event in the Maldives to highlight the lifestyle benefits of its invitation-only the Club Elite metal Mastercard.

Asia Health Drug Store relocates to fully-fledged new pharmacy premises

The main pharmacy outlet of the Asia Health Drug Store, which is fully dedicated to providing Oncology and Haematology related medicines for cancer patients, has been relocated to a brand-new purpose-built facility at No. 101, Kirula Road in Narahenpita recently.

People’s Bank’s YES Cash Carnival offers over Rs.4.5 mn in prizes

People’s Bank’s YES Savings Account is celebrating International Youth Day by launching the YES Cash Carnival and giving customers the unique opportunity to win over Rs. 4.5 million in prizes.

Frostaire celebrates 45 years of excellence in air conditioning solutions

‘Frostaire’ Air Conditioning Company marks a significant milestone - 45 years of dedicated services, innovation and leadership in Sri Lanka’s air conditioning industry.

CSE Closes Lower as Profit-Taking Weighs on Indices

The Colombo Stock Exchange (CSE) closed on a negative note today, with the All Share Price Index (ASPI) declining by 73.61 points (-0.36%) to settle at 20,575.59. The market opened with a sharp drop of nearly 188 points amid strong selling pressure, staged a brief recovery, but weakened again towards the close.

Insurance sector posts 16% premium growth in 2Q with mixed profitability

Sri Lanka’s insurance industry demonstrated robust top-line growth in the second quarter of 2025, with a significant 16 percent year-on-year increase in overall premiums, underscoring the sector’s resilience and strong growth trajectory.

Sri Lankan banks show increased willingness to lend as credit demand surges

Sri Lanka’s banks are showing a greater willingness to lend in response to heightened loan demand, a trend expected to accelerate in the third quarter of 2025.

CEAT inks landmark US$ 171mn deal with BOI, boosting Sri Lanka’s manufacturing sector

CEAT OHT Lanka (Private) Limited has formalised a US$ 171 million investment with the Board of Investment of Sri Lanka (BOI), marking one of the largest recent investments from India into the nation’s manufacturing sector.

SL records lowest unemployment rate since 2018 as labour market tightens

Sri Lanka’s unemployment rate fell in the first quarter of 2025, while the labour force participation rate rose, signalling improving labour market conditions as the expanding economy creates more jobs.

SL crosses 1.5mn tourist arrival milestone amid strong August performance

Sri Lanka’s tourism sector has officially crossed a major milestone, welcoming over 1.5 million tourists year-to-date amid a continued surge in August arrivals.

OPA holds 38th Annual Conference and 4th National Apex Awards

The Organisation of Professional Associations of Sri Lanka (OPA) successfully hosted its 38th Annual Conference and the prestigious fourth National Apex Awards on August 19 and 20, 2025, at Cinnamon Life, Colombo.

Fcode Labs-Porolis deliver AI-driven innovation to global gemstone industry

Fcode Labs, a global digital product engineering company, partnered with Porolis, an innovator in gemstone scanning technology, to launch an AI-powered platform that reimagines how gemstones are analysed, certified and showcased in the digital age.

Tech Cargo Hub hosts strategic industry dialogue on future of warehousing

Tech Cargo Hub (TCH), Sri Lanka’s leading digital warehousing and logistics solutions provider, hosted a high-impact industry conference recently, to unveil its newest venture TCH 2, a 20,000 sq. ft. smart warehouse designed to power the future of logistics in the region.

Tea Avenue expands to India with plans for 200 global outlets by 2035

Tea Avenue, Sri Lanka’s flagship tea café brand, with a heritage spanning four generations, announced its official entry into the Indian market through a strategic partnership with FranGlobal, the international arm of Franchise India Group.

Human Mobile Devices unveils Fusion 8/256 5G in Sri Lanka

Human Mobile Devices (HMD) has unveiled HMD Fusion 8/256 5G in Sri Lanka, as a bold new smartphone that delivers on every front: performance, style and value.

HNB supports Sri Lanka Coffee Festival 2025

HNB PLC extended its continued support to the island’s growing coffee industry as the official banking partner of Sri Lanka Coffee Festival 2025, held at the Kandy City Centre.

Digital Economy Ministry-UNDP SL sign MoU to support Disrupt Asia 2025

The United Nations Development Programme (UNDP) in Sri Lanka and Digital Economy Ministry signed a memorandum of understanding (MoU) recently at the UN Compound.

KPMG webinar to demystify foreign exchange rules on Sept. 10

KPMG Sri Lanka has organised an insightful webinar titled ‘Navigating the Foreign Exchange Act: Inbound and Outbound Investment Rules’.

Pyramid Wilmar celebrates 20 years of progressive partnership

Pyramid Wilmar, one of Sri Lanka’s most progressive and influential corporate entities in the food manufacturing and marketing industry, announced the launch of the ChefsHunt programme to mark 20 years.

Assetline Finance-Toyota Lanka to deliver enhanced customer benefits

Assetline Finance Limited (AFL) recently signed a memorandum of understanding with Toyota Lanka (Private) Limited, designed to benefit customers and drive growth for both organisations.

New Zealand HC explores opportunities at HIP

New Zealand High Commissioner to Sri Lanka David Gregory Pine visited the Hambantota International Port (HIP) recently to gain first-hand knowledge on its development and growing international relevance.

Seylan Bank becomes 1st SL bank to achieve ISO 22301 certification

Seylan Bank PLC announced a landmark achievement in its commitment to operational excellence and customer trust as the bank has secured the internationally recognised ISO 22301:2019 for business continuity management systems, distinguishing Seylan Bank as the first bank in Sri Lanka to achieve this prestigious recognition.

UK and Sri Lanka finalise debt restructuring deal worth nearly US $ 90mn

The governments of Sri Lanka and the United Kingdom have officially entered into a bilateral agreement to restructure a portion of Sri Lanka’s external debt, a deal valued at nearly US $ 90 million.

Sri Lanka’s first online platform for health and wellness education launched

‘Doc Talk’ - Experts Insights for Wellness, an all-new YouTube platform dedicated to providing health information was recently launched in a bid to open the doors to a new era in Sri Lanka’s wellness landscape.

Ambeon strengthens portfolio through strategic hospitality investments

Ambeon Group, one of Sri Lanka’s leading diversified conglomerates, announced its strategic entry into the hospitality sector, with strategic equity investments in two listed hotel companies, reinforcing its confidence in the country’s tourism revival and long-term growth potential.

Profood Propack & Agbiz 2025 kicks off

Profood Propack & Agbiz 2025, organised by the Sri Lanka Food Processors Association (SLFPA) in partnership with Lanka Exhibition and Conference Services, kicked off yesterday at the Sirimavo Bandaranaike Exhibition and Convention Centre at the BMICH, Colombo.

The All-Island Tourism Service Providers Association, together with the other tourism service providers, staged a protest in Colombo yesterday

The All-Island Tourism Service Providers Association, together with the other tourism service providers, staged a protest in Colombo yesterday, demanding an end to the issuance of temporary driving licences to tourists at the airport

AM/Dehiaththakandiya National School crowned as Capital Market Masters Quiz 2025 champions

The grand finale of Capital Market Masters Quiz 2025, organised by the Securities and Exchange Commission of Sri Lanka (SEC) and Colombo Stock Exchange (CSE) in collaboration with the Education Ministry, was held on August 21, 2025, at the iconic trading floor of the CSE and AM/Dehiaththakandiya National School (Eastern province) emerged as the overall champions.

PABC primary dealer licence suspension extended for further 6 months

Pan Asia Banking Corporation PLC (PABC) yesterday said the Central Bank has extended the suspension of its primary dealer licence for an additional six months, effective from August 15, 2025.