Lankem Ceylon announces Rs.1.2bn rights issue

Lankem Ceylon said its board has approved a rights issue of 17.16 million ordinary shares at Rs.70 per share.

Mild selling surfaces amid prevailing uncertainty

The secondary market remained largely subdued yesterday, reflecting the persistent cloud of geopolitical uncertainty. Still, amid the low volumes and restrained activity, a hint of selling managed to break through

Foreign buying continues

The ASPI closed in red as a result of price losses in counters such as LOLC Holdings, John Keells Holdings and Ceylon Tobacco Company with the turnover crossing Rs. 3.3 bn.

Maxtherm’s sustainable energy innovations save over US $ 600mn FX

Maxtherm Lanka (Pvt.) Ltd, a leader in sustainable thermal energy solutions, has successfully helped Sri Lanka retain over US $ 600 million in foreign exchange (FX) by significantly reducing the country’s

Delmege, Shell Lubricants’ macro distributor

Delmege hosted an event recently at Shangri-La Hotel, Colombo, to mark a significant milestone in its partnership with globally renowned energy brand Shell.

Sunshine Consumer Lanka wins Best Marketing Company of the Year Award

Sunshine Consumer Lanka was honoured by the Sri Lanka Institute of Marketing (SLIM) as Marketing Company of the Year – Sri Lanka, earning the opportunity to represent the nation at the prestigious Asia

Women’s International Foundation joins UNFPA’s Global Equity 2030 Alliance

The Women’s International Foundation (WIF) announced its official recognition and induction into the UNFPA Equity 2030 Alliance, becoming one of the first organisations from Sri Lanka to join this global

TSIA advocates for market fairness, consumer choice amid rising protectionist calls

The Tile and Sanitaryware Importers Association (TSIA) has responded with its opinion to the Mirror Business article under the heading ‘Rocell decries unfair competition as imports rise’, published on June

SL shines at Middle East Rubber and Tyre Expo

The Sri Lanka Export Development Board, in collaboration with the Sri Lanka Consulate General in the United Arab Emirates (UAE), organised a country pavilion at Middle East Rubber and Tyre Expo 2025, in

Siyapatha Finance marks 20th anniversary

Premier homegrown finance company Siyapatha Finance PLC recently marked its 20th anniversary, auspiciously commencing the celebration with religious observances on May 16, at the head office,

ComBank-Indra Traders offer leasing benefits

Commercial Bank of Ceylon has entered into a strategic partnership with Indra Traders (Pvt.) Ltd to promote the latter’s vehicle portfolio through attractive leasing facilities.

DPRE-Sampath Bank power solar energy transition

David Pieris Renewable Energy (Private) Limited (DPRE) has entered into a strategic partnership with Sampath Bank PLC to make solar energy more accessible and affordable across Sri Lanka.

Shangri-La Colombo to host renowned Chinese Tea Master

In celebration of Chinese tea culture and Shangri-La’s enduring commitment to showcasing the richness of Asian heritage, Shangri-La Colombo is hosting a rare and refined tea experience led by Tea Master Ji

Brewing the Perfect Blend: SAAC 2025 kicks off in Colombo

The fourth South Asian Actuarial Conference (SAAC 2025) kicked off in Colombo this week under the theme ‘Brewing the Perfect Blend: Actuaries, the Master Blenders of Risk’.

CSE slides further with ASPI dropping under 17,000

The Colombo Stock Exchange (CSE) continued its downward trend, closing the day on a negative note as both the All Share Price Index (ASPI) and the S&P SL20 declined. The sustained downturn was primarily driven by ongoing geopolitical tensions in the Middle East.

New Chairman appointed to stock exchange

The Colombo Stock Exchange (CSE) announced the appointment of Dimuthu Abeyesekera as the new Chairman of its Board of Directors.

IRD clears significant VAT refund backlog

The Inland Revenue Department (IRD) has disbursed a large portion of its long-standing tax refund backlog this year, following a targeted intervention by the Finance Ministry to address a major grievance within the business community.

SLPA aims to boost efficiency at Colombo Port with Rs.1bn investment in electric prime movers

The Sri Lanka Ports Authority (SLPA) is set to enhance its operational capacity and environmental credentials with the procurement of 20 new electrically operated prime movers at a cost of Rs.1 billion.

Altair Colombo unsold units acquired by Blackstone

Global investment firm Blackstone has acquired the unsold inventory of Altair luxury residential project and South City Mall in Kolkata from South City Projects for INR 3,250 crore.

Mahinda Siriwardana bows out as Treasury Secretary

President Anura Kumara Dissanayake paid tribute to the outgoing Treasury Secretary Mahinda Siriwardana, acknowledging his pivotal role in steering the country through its most turbulent economic period in decades and achieving “significant economic victories”.

Bank of Ceylon named as Islamic Retail Bank of the Year – Asia by The Banker

Bank of Ceylon (BOC) has been awarded Islamic Retail Bank of the Year – Asia by The Banker, a Financial Times publication, at its 2025 Islamic Banking Awards.

BOC increases paid-up capital by Rs.730mn

State-owned Bank of Ceylon (BOC) has increased its paid-up capital from Rs.25 billion to Rs.25.73 billion, a move formalised through a government gazette and a subsequent disclosure to the Colombo Stock Exchange (CSE).

Rocell decries unfair competition as imports rise

Royal Ceramics Lanka PLC (Rocell) is banking on a recovery in the nation’s construction sector but the company’s optimism is tempered by the significant challenges posed by a surge in cheap imports and the absence of anti-dumping legislation.

Crossings account for 21.9% of the turnover

The ASPI closed in red as a result of price losses in counters such as Hayleys, C T Holdings and Sampath Bank with the turnover crossing Rs. 3.8 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in John Keells Holdings, Ceylon Tobacco Company and People’s Leasing & Finance. Mixed interest was observed in Vallibel One, LB Finance and Sampath Bank whilst retail interest was note

Caution prevails; 2028 yields tick up slightly

Amid the ongoing geopolitical uncertainties, the market remained cautious, maintaining a prudent wait-and-see approach amid the mixed sentiment.

ILO convenes policy dialogue to unveil findings of study on SL’s Northern Province

The International Labour Organization (ILO) recently convened a policy dialogue, ‘The Northern Forum: Bridging Policy and Practice.’

ACCA Sri Lanka appoints leadership for 2025/26 at AGM

The Association of Chartered Certified Accountants (ACCA) Sri Lanka held its Annual General Meeting (AGM) on June 5 at the Courtyard by Marriott, Colombo.

OREL IT expands global cloud footprint partnering with Cambodia’s ByteDC

Orel IT has entered into a strategic partnership with ByteDC Solutions, Cambodia’s premier Tier III data centre and exclusive Huawei Cloud distributor.

Disrupt Asia 2025 returns with vision to transform SL into SA’s innovation hub

Sri Lanka aims to become South Asia’s Innovation hub by 2030, with Disrupt Asia 2025 serving as the national platform driving this ambitious transformation.

Ceylon Chamber hosts biz dialogue with visiting DCCI delegation from B’desh

The Ceylon Chamber of Commerce, together with the Chamber’s Sri Lanka–Bangladesh Business Council (SLBBC), at the invitation of the Sri LankaHigh Commission in Bangladesh, hosted a high-level Business Dialogue with a visiting delegation from the Dhaka Chamber of Commerce & Industry (DCCI), Bangladesh, on June 17 at the Hilton Colombo Residences.