CB cuts rates to pre-empt any fallout from trade uncertainty

The Central Bank delivered a surprise rate cut yesterday at its third monetary policy meeting for the year, reducing its key policy rate, the Overnight Policy Rate (OPR), by 25 basis points to 7.75 percent.

Strategic leadership transforms state banks into national strength: Prez

Sri Lanka’s state-owned Bank of Ceylon (BOC) and National Savings Bank (NSB) reported record profits for 2024, which President Anura Kumara Dissanayake described as a landmark in the transformation of

Hemas annual earnings climb nearly 32% despite consumer segment drag

Hemas PLC reported a 31.9 percent rise in annual earnings to Rs. 8.1 billion, powered by strong performances in its healthcare and mobility segments, even as group revenue remained under pressure

Dr. Dushni Weerakoon named Senior Independent Director at Cargills (Ceylon), Kotmale Holdings

Cargills (Ceylon) PLC and Kotmale Holdings Plc announced the appointment of Dr. Dushni Neelika Weerakoon as their Senior Independent Director, effective 20 May, 2025. The appointment was approved

Policy easing flattens yield curve across the board

The Central Bank of Sri Lanka, at its meeting held yesterday (21st May), decided to reduce the Overnight Policy Rate by 25bps to 7.75%. The CBSL stated that; “this measured easing of monetary policy stance

Foreign buying continues

The ASPI closed in green as a result of price gains in counters such as Cargills, Melstacorp and John Keells Holdings with the turnover crossing Rs. 4.5 bn.

Access Solar marks 25 years at forefront of SL’s solar industry

Access Solar (Pvt.) Ltd, Sri Lanka’s foremost provider of photovoltaic (PV) solutions, recently celebrated its 25th anniversary, commemorating a quarter-century of innovation and a landmark achievement of over 150

Associated Motor Finance Company powers past Rs.1.78bn in record-breaking year

Associated Motor Finance Company PLC (AMF) has achieved a landmark financial milestone, delivering its strongest-ever performance for the financial year ended 31 March 2025.

OSC earns global recognition through tri-agency accreditation

The Overseas School of Colombo (OSC) has once again demonstrated why it is Sri Lanka’s leading international school, following a successful tri-agency accreditation involving the International

SL’s economy risks overheating after ‘undue’ rate cut, warns Bloomberg Economics

Sri Lanka’s Central Bank’s (CB) unexpected decision to cut its policy rate by 25 basis points to 7.75 percent risks pushing the nation’s economy towards overheating, according to a recent analysis by

Amana Bank recognised globally as Most Impactful Company

Amana Bank recently brought honour to Sri Lanka by being recognised on the global stage as the Most Impactful ICD Investee Company of the Year at Islamic Development Bank (IsDB) Group Private Sector

First Capital unveils SME-focussed Advisory Services at Scale Up SL 2025

First Capital Advisory Services (Pvt.) Ltd, a subsidiary of First Capital Holdings PLC, joined the Scale Up 2025 National SME Forum, organised by the Ceylon Chamber of Commerce (CCC), as the official

AuroraRCM initiative to develop future healthcare leaders

In a bold and strategic continuation of its mission to redefine Sri Lanka’s place in the global healthcare economy, AuroraRCM, a financial technology company revolutionising healthcare revenue systems, has

CIPM NHRC 2025 in June

The Chartered Institute of Personnel Management (CIPM) Sri Lanka is set to host its most anticipated event of the year — National Human Resource Management Conference 2025 — on June 2 and 3, at

NDB Bank-SLIIT Business School empower future buziness leaders

NDB Bank announced the signing of a memorandum of understanding (MOU) with SLIIT Business School, marking a significant milestone in bridging academia and industry to cultivate the next generation of

FINEZ triumphs again at SLIM SME Development Awards

FINEZ, Sri Lanka’s premier luxury furniture and interior design retailer, has added another accolade to its mantle, earning Silver at Sri Lanka Institute of Marketing SME Development Awards 2024.

ComBank-ACH facilitate overseas education for Sri Lankans

The students aspiring for overseas education can now avail of opportunities available and raise the needed funds with ease, as a result of a collaboration between Commercial Bank of Ceylon and the Australian

CSE up following CBSL policy rate cut and improved investor sentiment

The Colombo Stock Exchange (CSE) closed on a positive note today, reflecting an overall optimistic market outlook.

Cybersecurity firm Kaspersky uncovers sophisticated CEO impersonation scam

Kaspersky has detected a series of targeted cyber attacks where fraudsters impersonated company CEOs to deceive finance departments into paying fake invoices. These sophisticated Business Email Compromise (BEC) attacks involved emails mimicking correspondence between executives and alleged contractor companies, urging urgent payments for ’’consulting services.’’

BOI Sri Lanka launches ’’BOI Accelerate’’: A two-year ambitious program to supercharge national economic potential

The Board of Investment (BOI) of Sri Lanka today announced the launch of ’’BOI Accelerate,’’ an ambitious two-year transformation journey. The program is strategically designed to unlock the full potential of BOI Sri Lanka and significantly contribute to the nation’s economic future.

Sri Lanka’s economy risks overheating after ‘undue’ rate cut, warns Bloomberg Economics

Sri Lanka’s Central Bank’s (CB) unexpected decision to cut its policy rate by 25 basis points to 7.75 percent risks pushing the nation’s economy towards overheating, according to a recent analysis by Bloomberg Economics.

CBSL further reduces Overnight Policy Rate

The Monetary Policy Board has reduced the Overnight Policy Rate (OPR) by 25 bps to 7.75% at its meeting held yesterday, thereby easing monetary policy further.

Sri Lanka to unveil AI legislative roadmap in coming months

Sri Lanka is set to release a comprehensive white paper outlining its legislative roadmap for artificial intelligence (AI) within the next two to three months, according to AI Advisory Committee Chairman Dr. Romesh Ranawana.

National consumer prices decline 0.8% in April on cut to petrol prices

Prices could flip into inflationary territory in a month or two as expected by Central Bank

SriLankan Airlines ramps up recruitment as passenger volumes climb

SriLankan Airlines has launched a major recruitment drive to expand its cabin crew team, in line with its growth strategy, amid the rising passenger traffic and emerging markets, the national carrier said on Tuesday.

Power tariff revision public hearing to kick off on May 23

The power regulator has launched the public consultation process on a proposed electricity tariff revision for the second half of 2025, with the oral hearings scheduled across the nine provinces from May 23 to June 03. The Public Utilities Commission of Sri Lanka (PUCSL) announced that written submissions from the stakeholders, including the public, would be accepted until June 5, in line with the requirements under PUCSL Act No. 35 of 2002 and

Businesses urged to brace for landmark data privacy law from September

Sri Lankan businesses are urged to prepare for a significant shift in data privacy regulations, as the Personal Data Protection Act is set to come into effect come September.

Yield curve holds steady in pre-policy calm

Yesterday, the activity in the secondary market appeared somewhat dormant, as the market participants embraced a cautious approach ahead of the Central Bank’s third monetary policy decision set to be announced today. Consequently, the yield curve appeared largely unchanged amid the market’s wait and see approach

Indices edge up during the day

The ASPI closed in green as a result of price gains in counters such as Cargills, Dialog Axiata and the Colombo Fort Land & Building with the turnover crossing Rs. 2.4 Bn. Meanwhile, the S&P SL20 edged up. High net worth and institutional investor participation was noted in John Keells Holdings, Vallibel One and Union Bank. Mixed interest was observed in Dialog Axiata, Commercial Bank and Access Engineering whilst retail interest was noted in Nat

Ceylon Energy launches SL’s first helical anchor manufacturing facility

In a landmark moment for Sri Lanka’s industrial and construction landscape, Ceylon Energy officially launched the country’s first-ever helical anchor manufacturing facility recently, in collaboration with the globally renowned Hubbell Power Systems Inc. (HPS).