Sterling Engineering completes 1MW rooftop solar project at Falcon Tea Factory

Sterling Engineering (Pvt.) Ltd, a forerunner in renewable energy solutions, has successfully completed a landmark one-megawatt rooftop solar power project at the Falcon Tea Factory in Ratnapura, widely

Colombo to host Int’l Solar Alliance’s 7th Regional Committee Meeting

The International Solar Alliance (ISA) will host the Seventh Regional Committee Meeting (RCM) for the Asia and Pacific region from July 15 to 17, 2025, in Colombo.

Euro Motors-Dongfeng launch hatchback

Euro Motors (Pvt.) Ltd recently partnered with Dongfeng, one of the world’s leading automotive manufacturers, to officially launch its range of vehicles into the Sri Lankan market.

LG Electronics opens office in Sri Lanka

LG Electronics (LG) announced the opening of office in Sri Lanka, operating under the entity of LG Electronics Singapore Pte. Ltd.

First Capital’s Mid-Year Outlook Investor Forum 2025 on July 17

First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a pioneering full-service investment institution, announced First Capital Mid-Year Outlook Investor Forum 2025, a virtual event

Dialog Enterprise deploys innovative video surveillance solution at Domino’s Pizza SL

Dialog Enterprise, the corporate ICT solutions arm of Dialog Axiata, continues to drive innovation in Sri Lanka’s business landscape by introducing technology solutions that go beyond traditional applications.

Building a legacy across generations and sectors: Sumathi Holdings

From pioneering roles in Sri Lanka’s entertainment and healthcare sectors to entering renewable energy and IT, Sumathi Holdings has evolved into a diverse conglomerate with a strong family

Totachi holds Global Distributors Conference in Sri Lanka

Totachi Industrial Pte. Ltd., a world-renowned leader in premium Japanese lubricants and automotive solutions, hosted its Global Distributors Conference 2025 in Sri Lanka recently. The event united partners

Overseas Realty Chairman Ajit Jayaratnes passes away

Ajit M. De S. Jayaratne, a distinguished figure in Sri Lanka’s business community and Chairman of Overseas Realty (Ceylon) PLC, passed away today, at the age of 85.

Sri Lanka among nations receiving highest U.S. tariff cuts

Sri Lanka has been identified as one of the countries to receive the highest tariff reductions from the United States among the nations involved in recent trade negotiations, Finance Ministry Secretary Harshana Suriyapperuma announced.

Sri Lankan apparel brands demand 300-400% CESS hike to combat ‘cheap’ imports

Sri Lanka’s domestic clothing brands are calling for a drastic 300 to 400 percent increase in the Commodity Export Subsidy Scheme (CESS) levy on the imported apparel, arguing it is a critical step to ensure the survival and competitiveness of the local industry in its own market.

Industry leader warns of “digital isolation” as new VAT threatens to derail Sri Lanka’s ICT sector

With Sri Lanka’s new 18 percent Value Added Tax (VAT) on foreign digital services now a settled policy taking effect this October, focus has sharply shifted to its potential economic fallout.

Power monopoly threatens reform gains, Advocata cautions

Sri Lanka risks reversing the crucial energy reforms, unless it holds the line on the 2024 Electricity Act, the Advocata Institute cautioned yesterday, calling on the government to reaffirm its commitment to overhauling the power sector.

Imposition of 18% VAT on digital services aims to create level playing field: Deputy Minister

Economic Development Deputy Minister Dr. Anil Jayantha told Parliament yesterday that the imposition of an 18 percent Value Added Tax (VAT) on digital services is intended to create a level playing field among the service providers.

Seylan Bank debenture issue oversubscribed within hours of opening

Seylan Bank’s Basel III-compliant debenture issue was oversubscribed within hours of opening yesterday, having received applications for over 150 million debentures, amounting to Rs.15 billion.

C M Holdings proposes 10-for-1 share subdivision

C M Holdings PLC has announced a proposal for a 10-for-one subdivision of its ordinary shares, a move aimed at increasing the liquidity of its shares in the market, according to a stock filing with the Colombo Stock Exchange (CSE).

ComBank launches Sri Lanka’s first AI-powered SME Credit Underwriting Solution

Commercial Bank of Ceylon launched Sri Lanka’s first artificial intelligence (AI)-powered SME Credit Underwriting Solution, taking a transformative step in reshaping how the small and medium enterprises (SMEs) access credit and financial solutions.

Daraz Sri Lanka and NEDA expand strategic partnership for MSME enablement

Daraz Sri Lanka, in partnership with the National Enterprise Development Authority (NEDA) under the Ministry of Industry and Entrepreneurship Development, has launched a new capacity-building programme to strengthen institutional support for micro, small, and medium enterprises (MSMEs) across the country.

Dialog e-Load Super Blast offers Rs.150 mn in prizes for digital reloads

Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, announced the launch of Dialog e-Load Super Blast—amega rewards campaign that elevates digital top-ups by offering over Rs.150 million in high-value prizes. This initiative is set to reward customers with an exceptional selection of gifts including three brand new Toyota Raize SUVs as the grand prize, daily gold coins, smartphones, and daily network benefits—making digital reloads more rew

Secondary market witnesses yet another quiet day

Yesterday carried forward the subdued tone of the previous day, with the secondary market remaining lacklustre. While there was a slight tilt toward selling sentiment, overall activity and volumes remained largely stagnant. Amongst the few trades that took place yesterday, 01.09.2028 and 15.10.2028 both traded at 8.95%.

Indices bounce back

The ASPI closed in green as a result of price gains in counters such as John Keells Holdings, Hatton National Bank and Central Finance Company with the turnover crossing Rs. 5.9 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in CIC Holdings, R I L Property, and Singer Finance. Mixed interest was observed in Commercial Bank, Hayleys Fabric and Lanka IOC whilst retail interes

American Plastics emerges as leading national brand at IDB Awards

American Plastics (Pvt) Ltd, a household name and national brand in Sri Lanka, has received a Merit Award at the National Industry Brand Excellence Awards 2024.

Great Place To Work names Dijital Team a ‘Best Workplace in Technology in Sri Lanka’

Dijital Team, a global service provider offering smart solutions for businesses looking to build offshore IT teams, has been recognised as the 4th Best Workplaces in Sri Lanka 2025 (100 - 250 employees’ category).

SLT-Mobitel Enterprise and Royal College collaborate to deploy country’s first full-scale POL solution

Heralding a new era in digital education, SLT-Mobitel Enterprise and Royal College recently collaborated over the trailblazing deployment of Sri Lanka’s first full-scale Passive Optical LAN (POL) solution powered by Gigabit Passive Optical Network (GPON) technology.

C-Four Industries wins Gold at SLIM SMEDA again

Mosquito net manufacturer C-Four Industries (Pvt) Ltd., was once again honoured with the Gold Award in the Textile, Apparel and Fashion category at the SLIM Small and Medium Enterprises Development Awards (SMEDA) 2025.

Kelaniya University set to host ‘CEO 2025’ leadership forum this month

AIESEC in University of Kelaniya is set to host its flagship leadership forum, Challenge Every Opportunity (CEO 2025), on July 23, at the Main Auditorium of the University of Kelaniya. The event will bring together over 300 young leaders, from across the country for a day of insight, empowerment, and action.

IASL and IRCSL conduct public engagement programme in Matara

Marking a first in Sri Lanka’s insurance sector, the Insurance Regulatory Commission of Sri Lanka (IRCSL) and the Insurance Association of Sri Lanka (IASL) jointly led a comprehensive, full-day public engagement programme that brought together all insurance companies under a unified banner.

SLISA hosts inaugural School Leaders’ Summit to shape future of education

The Sri Lanka International Schools Association (SLISA) marked a significant milestone with the hosting of its inaugural School Leaders’ Summit on 6th July at the Lyceum Campus Auditorium, Nugegoda.

WEBXPAY’s rebrand turns every transaction into greater value

WEBXPAY, the payments partner trusted by more than 5,000 Sri Lankan merchants, launches a complete brand transformation centred on a single organising symbol, The Multiplier.

Ceylinco Life completes 6 ‘Waidya Hamuwa’ free health camps in first half

Ceylinco Life has successfully conducted six free health camps under its flagship ‘Waidya Hamuwa’ (Meet the Doctor) community health programme in the first half of 2025, continuing the Company’s longstanding commitment to improving public health outcomes in underserved areas.