US $ 3mn fish waste recycling venture generates millions in export revenue

A fish waste recycling business in Madurankuliya, Puttalam, is helping Sri Lanka earn millions of dollars in export income by converting the discarded fish waste into products used in the global aquaculture industry.

VIASL pushes for business-friendly import policies

The Vehicle Importers Association of Sri Lanka (VIASL) has reaffirmed its commitment to pushing for policy reforms and resolving the key regulatory issues affecting the country’s vehicle import industry.

Indices close in red

Indices closed in red as a result of price losses in counters such as Sampath Bank, Hayleys and Dialog Axiata with the turnover crossing Rs. 2.2bn.

IMF holds talks with RARMB on revenue reforms

A special discussion between the Revenue Administration Reform and Modernisation Bureau (RARMB), which operates under the direct supervision of the Presidential Secretariat, with the objective of modernising Sri Lanka’s public revenue system and the International Monetary Fund (IMF) was held recently at the Presidential Secretariat, under the chairmanship of President’s Secretary Dr. Nandika Sanath Kumanayake.

Yield curve edges up amidst minimal trading activity

Trading activity in the secondary market yesterday was limited with thin volumes, while the yield curve slightly edged up across the board.

How Commercial Bank is shaping the Future of Customer-Centric Banking

As customer expectations continue to evolve in an increasingly digital and connected world, banks are being challenged to deliver experiences that are seamless, intuitive, and deeply customer-centric. Commercial Bank of Ceylon has remained at the forefront of this transformation, continuously strengthening its retail banking portfolio through innovation, digitalisation, and personalised financial solutions designed to meet the changing needs of c

ComBank makes history with biggest FinanceAsia awards haul by a Lankan bank

Commercial Bank of Ceylon has been named Best Bank in Sri Lanka for the 15th consecutive year at the FinanceAsia Awards 2026, while also winning six other accolades across key areas of banking, the most by Sri Lankan bank.

KleenPark marks 38 years with the opening of ‘Lakeside Detail’

KleenPark marked two significant milestones on 22 June — its 38th anniversary and the opening of its newest detailing facility, “Lakeside Detail by KleenPark”, at Cinnamon Lakeside Colombo.

Sampath Bank launches Google Pay, expanding SL’s access to global contactless payments

Sampath Bank PLC has introduced Google Pay for all Mastercard and Visa Credit and Debit Cardholders, marking a significant advancement on how customers in Sri Lanka access digital payment solutions.

BYD’s global leadership visits SL as brand deepens regional commitment

John Keells CG Auto (JKCG Auto), the authorised distributor of BYD and DENZA, recently welcomed BYD Vice President, Liu Xueliang to Sri Lanka as part of an official visit reviewing the growth of both brands across sales and aftersales.

Ceylinco Life begins work on 36th company-owned building

Ceylinco Life has commenced construction of its 36th company-owned branch building with the laying of the foundation stone for a new eco-friendly edifice in Kirindiwela. The ceremony was attended by Ceylinco Life Chairman R. Renganathan, Managing Director/CEO Thushara Ranasinghe, members of the Board of Directors and senior management of Ceylinco Life, alongside valued customers and distinguished invitees from the Kirindiwela area.

Lassana Agri Innovations and Rise N Shine Biotech unite to support floriculture businesses

Lassana Agri Innovations (Private) Limited and Rise N Shine Biotech Pvt. Ltd., India, have entered into a partnership, creating opportunities for entrepreneurs, commercial growers and investors looking to establish successful floriculture businesses.

Pan Asia Bank strengthens national remittance framework with ‘Remit Max’

Pan Asia Bank which is one of the largest remittance B2B providers in Sri Lanka, launched its new ‘Remit Max’ product suite at a ceremony held on 3 July, at Epitom Hotel, Kurunegala. The launch ceremony was attended by the Chairman of Pan Asia Bank, Director/CEO, members of the Corporate Management team, senior officials representing the Sri Lanka Bureau of Foreign Employment (SLBFE), including the Additional General Manager and the Centre Manage

CSE declines further as geopolitical concerns weigh on investor sentiment

The Colombo Stock Exchange extended its decline on Wednesday, with both benchmark indices closing lower as escalating tensions in the Middle East continued to weigh on investor confidence.

Digital VAT ambiguity could undermine Sri Lanka’s investment appeal: EY warns

Sri Lanka’s proposed framework to tax digital services could inadvertently raise compliance costs for multinational companies and make the country a more complex market to serve unless authorities provide greater clarity on the new rules, tax experts at EY Sri Lanka have cautioned.

Former SEC chief slams banking sector and professionals over SME neglect

Former Securities and Exchange Commission (SEC) Chairman Ranel T. Wijesinha sharply criticised the banking sector, the accounting profession, and corporate entities for their collective failure to support small and medium enterprises (SMEs) in accessing the capital market.

Sheamalee Wickramasingha takes helm as CBL Chairperson

CBL Investments Limited (CBL Group) has appointed Group Managing Director Sheamalee Wickramasingha as Chairperson with effect from 6 July, while retaining her current role as Group Managing Director.

Sanasa Life registration reinstated by insurance regulator after seven-month suspension

Insurance Regulatory Commission of Sri Lanka (IRCSL) has removed the suspension imposed on the registration of Sanasa Life Insurance Company PLC effective 6 July 2026, subject to the company fulfilling certain conditions.

Yield curve unchanged, with foreign buying in 2030

Yesterday’s session saw mixed activity on moderate volumes, with the yield curve remaining broadly unchanged.

Indices close in red

Indices closed in red as a result of price losses in counters such as Dialog Axiata, Melstacorp and John Keells Holdings with the turnover crossing Rs. 1.5 Bn.

BELGOLUX-Sri Lanka Economic Forum explores economic partnerships with Belgium and Luxembourg

The Sri Lanka Embassy in Belgium, in collaboration with the BELGOLUX–Sri Lanka Business Council (BLSBC) with the support of Port City Colombo,

Oil palm deserves scientific assessment, not blanket condemnation: Professor

A senior Sri Lankan agricultural scientist has challenged some of the most persistent criticisms levelled against oil palm cultivation, arguing that available evidence does not support claims that the crop causes unusual soil degradation,

SLID and SEC collaborate for stronger corporate leadership

The Chairman of the Sri Lanka Institute of Directors (SLID), Dinesh Weerakkody, and CEO Anitra Perera called on SEC Chairman Senior Prof. D.B.P.H. Dissabandara to discuss opportunities for enhanced collaboration between SLID and the Securities and Exchange Commission of Sri Lanka.

Neglected Kerawalapitiya industrial road sparks concerns

The main access road leading from Kerawalapitiya Expressway exit to the Elakanda Junction, which serves the Kerawalapitiya Industrial Estate, has fallen into a state of disrepair, with residents and businesses alleging that no government has taken steps to properly maintain it.

Exhibitor registration for Sri Lanka Expo 2027 open till 31 July

The Sri Lanka Export Development Board (EDB), in collaboration with the Ministry of Industry and Entrepreneurship Development (MOI&ED), announced that the deadline for online exhibitor registration for “Sri Lanka Expo 2027” will be open till 31st July, 2026.

First Capital Holdings and First Capital Treasuries retain ‘A+’ rating with Stable Outlook

First Capital Holdings PLC and its subsidiary First Capital Treasuries PLC reaffirm their strong standing in Sri Lanka’s financial services sector, with Lanka Rating Agency (LRA) maintaining their A+ Entity Rating with a Stable Outlook.

Sri Lanka seeks to boost Thai investment through Bangkok Business Forum

Sri Lanka has stepped up efforts to attract Thai investment and expand bilateral trade by hosting a business forum in Bangkok, where government ministers outlined policy reforms aimed at improving the ease of doing business and supporting export-oriented industries.

The Global Economics Awards People’s Insurance, Best General Insurance Company of the Year 2026

People’s Insurance PLC has once again reaffirmed its position as one of Sri Lanka’s leading general insurers through a prestigious international accolade and the continued recognition of exceptional performance within its sales force.

The Offices at Cinnamon Life receives SL’s 1st GreenRE Gold Certification

The Offices at Cinnamon Life by John Keells Properties has been awarded the Gold GreenRE Certification for Sustainable Real Estate Excellence in the Existing Non-Residential Category, marking a significant milestone for Sri Lanka’s commercial real estate sector.

HNB General Insurance among SL’s 50 Best Workplaces

HNB General Insurance (HNBGI) has become the only general insurance company to make it to the exclusive list of 50 Best Workplaces in Sri Lanka for 2026.