Week begins in green

The ASPI closed in green as a result of price gains in counters such as Hayleys, Ceylinco Holdings and Ceylon Cold Stores with the turnover crossing Rs. 2.8 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Nations Trust Bank, Hayleys Fabric and Pan Asia Banking Corporation. Mixed interest was observed in Singer Finance, Ceylon Cold Stores and Lanka Milk Foods whilst retail

Market hits snooze, yields barely blink

The secondary market endured yet another session of limited activity and thin trading volumes, leaving the yield curve effectively unchanged.

Ceylon Chamber to host high-level biz delegation from B’desh

The Ceylon Chamber of Commerce, in collaboration with the Sri Lanka – Bangladesh Business Council, will host a visiting business delegation from the Dhaka Chamber of Commerce & Industry (DCCI), Bangladesh on June 17 June at the Hilton Colombo Residence.

Tax Awareness Day for liquor licensees

A special one-day awareness workshop and gathering for liquor license holders island wide is to take place in Negombo.

WSO2 appoints Navneet Kaur as VP and GM for APAC

WSO2 announced the appointment of Navneet Kaur as Vice President and General Manager for the Asia-Pacific (APAC) region.

ComBank opens dedicated Islamic Banking Counter at Main Street branch

The Commercial Bank of Ceylon has opened a dedicated Islamic Banking Counter at its branch at Main Street, Pettah, for the convenience of customers seeking Sharia-compliant banking products and services.

Master Chef Wang Peng to present Chinese cuisine at ITC Ratnadipa

ITC Ratnadipa is set to host a gourmet experience with renowned Master Chef Wang Peng in Chinese cuisine at Yi Jing from June 13th to 19th.

Browns sets sail with ‘Saakya’ luxury yachting

Browns Hotels & Resorts has unveiled ‘Saakya’, a distinguished addition to its portfolio and a refined new chapter in Sri Lanka’s coastal experiences.

JKH’s Plasticcycle and The Pearl Protectors mark milestone in marine conservation partnership

Earlier this month, Plasticcycle, the social entrepreneurship project of the John Keells Group, reaffirmed its partnership with The Pearl Protectors (TPP) for the third consecutive year to continue supporting the ‘Cleaner Seabeds for Sri Lanka’ expedition - an initiative aimed at removing marine litter and abandoned fishing gear from coral reefs and sensitive marine ecosystems across the island.

Union Assurance recognised as a Company with Great Managers for 4th consecutive year

Union Assurance has once again been recognised for its commitment to cultivating outstanding leadership and a workplace culture where people are empowered to thrive in their respective roles. Held at Cinnamon Grand, the Great Managers Awards 2024 ceremony celebrated the company for its sustained investment in people and its consistent focus on driving meaningful progress through authentic leadership.

Cinnamon Lakeside marks Poson with screening of Sri Siddhartha Gautama

Cinnamon Lakeside Colombo commemorated Poson by screening the film ‘Sri Siddhartha Gautama’ to around 600 guests and staff members, highlighting themes of peace, life, and cultural heritage.

SLT-Mobitel supports Poson Aloka Pooja

SLT-Mobitel extends its support to Sri Lanka’s largest Poson celebration, the iconic Aloka Poojawa (illumination ceremony), held at the sacred Mihintale temple premises.

Sony appoints Karunaratna as Regional Ambassador for Wildlife Photography

Sony in collaboration with CameraLK, has announced the appointment of wildlife photographer Lakshitha Karunaratna as the Sony Regional Ambassador for Wildlife Photography, making him the first Sri Lankan to be selected for this role.

ASPI continues record-breaking rally, sustains momentum above 17,500

The Colombo Stock Exchange (CSE) began the week on a positive note, despite a decline during the first hours of trading. However, the market regained strong momentum as the session progressed, with the All Share Price Index (ASPI) surpassing the 17,500 mark for the first time in history.

India and Sri Lanka eye dual listing to build ‘financial bridge’ between capital markets

In a significant move to deepen economic ties, India and Sri Lanka are actively exploring a dual listing framework between India’s NSE International Exchange (NSE IX) and the Colombo Stock Exchange (CSE).

Vallibel One reports solid FY24/25 performance

Diversified Sri Lankan conglomerate Vallibel One PLC has announced a robust financial performance for the financial year ended March 31, 2025.

New Presidential Unit to unify tourism sector

In a strategic move to streamline and bolster the tourism industry, the Sri Lankan government has announced the formation of a new unit under the Presidential Secretariat dedicated to integrating all sectors of the tourism trade.

Workers’ remittances top US$ 3bn by May

Sri Lanka’s worker remittances crossed the US$3 billion mark by the end of May 2025, with inflows rising by 18.2 percent year-to-date.

SL’s delayed tourism pitch to debut on June 26

Sri Lanka’s highly anticipated Nation Branding Campaign is now set to launch on June 26, in Colombo, nearly two months after its initially indicated timeframe.

Tourism earnings climb to US$ 1.54bn in first five months

Sri Lanka’s tourism sector earned US$ 1.54 billion in the first five months of 2025, up 9.8 percent from the US$1.40 billion recorded a year ago, according to provisional data released by the Central Bank of Sri Lanka.

Ceylon Chamber hosts Polish FM-led EU delegation

The Ceylon Chamber of Commerce hosted Republic of Poland Foreign Affairs Minister Radosław Sikorski, who visited Sri Lanka from May 28-31, on behalf of the European Union’s (EU) High Representative for Foreign Affairs and Security Policy Kaja Kallas.

Understanding strategic value of listing on CSE

The Listing Division of the CSE supports both potential and existing listed companies in raising debt and equity capital through a diverse range of products.

SLIC Life to assist Anuradhapura Poson pilgrims

Sri Lanka Insurance Life will be in Anuradhapura from June 09 to 11, extending round the clock 24-hour support to thousands of pilgrims visiting the sacred city to commemorate Poson Poya.

Connect to Care to drive post-aid development across Global South

Connect to Care Global (CTCG), a development organisation, was officially launched to help international agencies and regional partners across the Global South navigate a rapidly changing aid landscape.

SLIM-Industries Ministry to produce SL’s top business advisors

The Industries and Entrepreneurship Development Ministry, in collaboration with the Sri Lanka Institute of Marketing (SLIM), launched a special programme aimed at transforming state officials into the country’s top business advisors.

Roar AdX joins Meta Marketing Summit 2025

Roar AdX, a pioneer in Sri Lanka’s digital marketing landscape, joined Meta Marketing Summit Singapore 2025 to explore the future of marketing powered by artificial intelligence (AI), automation and creative innovation.

Visa’s effective partnerships drive digitisation, economic growth

Sri Lanka’s cashless journey has accelerated greatly, buoyed by increasing internet penetration and a projected US $ 2.8 billion ecommerce market by 2024.

Seylan Bank’s pre-approved lease facilitates vehicle imports

Seylan Bank stands ready to provide customers a unique offering that facilitates the import of anyone’s dream vehicle through a pre-approved lease, allowing car importers and automobile enthusiasts alike to upgrade an existing vehicle or invest in a new one with ease.

Packaging Institute renews commitment to sustainability

On the occasion of World Environment Day 2025, the Sri Lanka Institute of Packaging (SLIP) reaffirmed its unwavering dedication to promoting sustainable packaging practices and supporting both national and global environmental objectives.

Radisson Hotel Colombo hosts Spanish influencers on SL fam tour

Radisson Hotel Colombo had the distinct honour of hosting a group of renowned Spanish bloggers and social media influencers, marking the beginning of its familiarisation tour of Sri Lanka organised by the Sri Lanka Tourism Promotion Bureau (SLTPB).