Sudarshan Venu appointed TVS Motor Chairman

TVS Motor Company has named Sudarshan Venu as incoming Chairman of the company, in recognition of his contributions to the company’s sustained growth and strategic development during his tenure as Director. Effective August 25, 2025, Sudarshan Venu will be appointed as Chairman and Managing Director.

Virtusa awarded EcoVadis Gold Medal for Business Sustainability

Virtusa Corporation has been awarded the EcoVadis Gold Medal for the third consecutive year, recognizing the company’s outstanding sustainability performance.

CSE keeps falling as Middle East tensions rise

The Colombo Stock Exchange (CSE) ended the day in negative territory, continuing its recent decline, as both the All Share Price Index (ASPI) and the S&P SL20 fell. Selling pressure increased throughout the session, mainly due to rising tensions in the Middle East.

Agile outcome-based procurement vital for digital economy growth: Dr. Hans

A fundamental shift from traditional, process-heavy public procurement to an agile, outcome-based model is paramount to accelerating Sri Lanka’s digital economy, according to Chief Advisor to the President on Digital Economy Dr. Hans Wijayasuriya.

Credit card spend picks up in April by Rs.4.4bn

There has been some modest pickup in credit card spend in April reflecting that consumers are ramping up spending on everything from their staples to discretionary such as dine-outs and recreational activities as conditions turn relatively better while prices ease and the interest rates decline.

Manufacturing and services PMI expand in May

Sri Lanka’s economy continued humming as both manufacturing and services sector activities have expanded in May as reflected in the Purchasing Managers’ Index (PMI) data for the month.

SL, France ink agreement on debt restructuring

Sri Lanka and France inked a bilateral agreement on Monday as part of the island nation’s external debt restructuring process, marking what the Finance Ministry called a significant milestone in efforts to restore debt sustainability and revive the country’s economy.

SL’s first listed Sukuk fully subscribed on opening day

Vidullanka PLC’s issuance of five million listed, rated, secured, and redeemable Sukuk was fully subscribed on the opening day (17 June).

Stock Exchange to launch Central Counterparty framework in July

The Colombo Stock Exchange (CSE) is set to launch a Central Counterparty (CCP) framework next month, marking a significant advancement in the evolution of Sri Lanka’s capital market infrastructure.

World Bank seeks top-tier consulting firm to craft SL’s ambitious IT roadmap

The World Bank has initiated a global search for a top-tier consulting firm to chart the future of Sri Lanka’s burgeoning information technology sector.

War clouds continue but yield curve shows no shift

Increasing concerns over looming global uncertainty have left secondary market participants cautious, with investors adopting a wait-and-see approach. As a result, the yield curve held its breath, witnessing low volumes and minimal market activity.

Crossings boost turnover

The ASPI closed in red as a result of price losses in counters such as National Development Bank, LOLC Holdings and DFCC Bank with the turnover crossing Rs. 6.8 bn.

EDB-ADB formulate SL’s 2025-2029 National Export Development Plan

The Sri Lanka Export Development Board (EDB), together with the Asian Development Bank (ADB), is steadily progressing in the development of the National Export Development Plan (NEDP) for 2025-2029.

People’s Bank honoured for data excellence

People’s Bank reaffirmed its industry leadership by receiving top honours at CRIB CEO’s Forum and Institutional Rating Awards Ceremony 2025, held recently at Cinnamon Grand, Colombo.

BOC hosts Future of Finance session

Bank of Ceylon (BOC) successfully hosted a thought leadership session titled ‘Future of Finance’ recently at its head office.

Union Bank opens Negombo Elite Circle Centre

Extending its exclusive banking services, Union Bank recently opened its newest Elite Circle Centre at the Union Bank Negombo branch, offering the customers personalised and premium banking services.

NDB holds Negombo Auto Carnival

Continuing its commitment to empowering dreams of vehicle ownership across Sri Lanka, NDB Leasing successfully concluded yet another exciting edition of NDB Auto Carnival, this time in Negombo.

Sampath Bank pioneers SL’s standardised API banking platform

Sampath Bank has set a new milestone as the first bank in Sri Lanka to launch a standardised Application Programming Interface (API) platform.

CA SL rings CSE bell to mark 65th anniversary

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) marked a historic milestone by ringing the ceremonial bell at the Colombo Stock Exchange (CSE) to commemorate its 65th anniversary.

Resus Energy connects 5 MW solar PV power plant to national grid

Resus Energy PLC recently connected a 5 MW ground-mounted solar PV power plant to the national grid.

Three Sinha Industries honoured for best inquiry management system

Three Sinha Industries (Pvt.) Ltd has been recognised for its excellence in customer service and operational efficiency, taking home the Best Inquiry Management System award at the INCO Awards organised by the Institute of Incorporated Engineers of Sri Lanka.

SLT-Mobitel supports SLIoT Challenge 2025

SLT-Mobitel reaffirmed its unwavering commitment to innovation and youth empowerment by celebrating next-gen tech talent at SLIoT Challenge 2025, Sri Lanka’s premier internet of things (IoT) competition, which concluded recently.

Gestetner appoints new directors

Gestetner of Ceylon PLC has appointed two renowned commercial specialists in their respective fields to the board of directors.

DPMC opens Embilipitiya Bajaj three-wheeler dealership

David Pieris Motor Company (Private) Limited (DPMC) opened a new Bajaj three-wheeler dealership in Embilipitiya, marking a major milestone as this is the first Bajaj dealership since the reopening of vehicle imports after a five-year pause.

Arpico unveils NextGen mattress

Arpico recently revealed Arpico NextGen, its pioneering new mattress design with air cooling pocket technology.

CSE continues to decline as geopolitical situation in the Middle East worsens

The Colombo Stock Exchange (CSE) closed the day on a negative note, continuing its recent downward trend, with both the All Share Price Index (ASPI) and the S&P SL20 recording declines. During the initial hour of trading, the ASPI showed a gain of nearly 150 points; however, the market reversed course in the latter part of the session, driven by panic selling among investors amid escalating geopolitical tensions in the Middle East.

Special fixed deposit scheme for senior citizens

The government has decided to introduce a special fixed deposit scheme for senior citizens, as proposed in the 2025 budget, Cabinet Spokesman and Minister Nalinda Jayatissa said today.

CRIB Hosts Annual CEOs Forum and Institutional Awards Ceremony 2025

The Credit Information Bureau of Sri Lanka (CRIB) successfully held its Annual CEOs Forum and Institutional Awards Ceremony 2025 titled ‘Data in Action – Change in Motion’. The event was graced by the Governor of the Central Bank of Sri Lanka, Dr. Nandalal Weerasinghe, who attended as the Chief Guest.

Road ahead demands steadfast focus on sustaining reform agenda: CB Governor

Sri Lanka must maintain a firm focus on reforms, private sector empowerment and consistent policymaking, to secure a lasting economic recovery and sustainable debt levels, Central Bank Governor Dr. Nandalal Weerasinghe said yesterday, cautioning that the country’s transition remains fragile.

“This time must be different!” IMF First Deputy MD Dr. Gita Gopinath tells SL

Sri Lanka received what can be called a charged address from the International Monetary Fund (IMF) yesterday, which declared that the island nation’s recovery from its worst economic crisis in decades must not be wasted.