CEB turns red in March quarter as tariff cuts hit revenues

The Ceylon Electricity Board (CEB) reported a sharp decline in its top-line and recorded a gross loss for the quarter ended March 2025.

Chevron gets tailwind from growing economy in 1Q25

Chevron Lubricants Lanka PLC reported 5.0 percent higher revenues for the three months ended March 2025, reaching Rs.7.39 billion.

Four-lane motorway from Devata to Galle to boost tourism and businesses

In a bid to clear and widen the entrance to the heritage city of Galle, accessed via the Southern Expressway, the Road Development Authority (RDA) has forwarded a special development plan to create a four-lane motorway.

BRJW Enterprises introduces complete Bentley line-up to Sri Lanka

BRJW Enterprises, a family-owned automotive business with a 45-year legacy, announced the successful importation of the full range of Bentley motor vehicles to Sri Lanka.

Singer-Hutch expand connectivity and customer convenience

Singer Sri Lanka partnered with Hutch to expand mobile connectivity access via Singer’s extensive retail network.

CASS holds 39th Int’l CA Students’ Conference

The 39th International CA Students’ Conference, organised by the Chartered Accountants Students’ Society of Sri Lanka (CASS), was successfully held recently at Monarch Imperial Hotel, Colombo, under the theme ‘Transform Mindset, Transcend Boundaries’.

Hayleys Solar-Mercantile Investments enhance solar energy accessibility

Hayleys Solar and Mercantile Investments and Finance PLC have signed a memorandum of understanding to collaborate on making solar power more accessible and affordable to customers nationwide in Sri Lanka.

EDB-NOCU conduct islandwide awareness campaign

As part of its strategic islandwide campaign, the National Organic Control Unit (NOCU), the country’s official authority for organic agriculture coming under the purview of the Sri Lanka Export Development Board (EDB), successfully conducted its second awareness programme for 2025, at Hotel Swissdale, Matale, drawing close to 100 participants representing diverse sectors of the agriculture industry.

Fortude-Ettos to enhance sustainability across fashion supply chains

Fortude has announced a strategic partnership with Ettos, a leading supply chain traceability platform, aimed at enabling fashion businesses to maintain more transparent processes and allowing customers to understand how their products are made.

ComBank wins Visa Best Cross Border Salience LMM award

Commercial Bank of Ceylon has been honoured with the award for Best Cross Border Salience – Large and Mid-Market (LMM), at Visa Commercial Solutions Excellence Awards 2025, presented during the recent Visa Leadership Conclave in Colombo.

MullenLowe Group SL appoints Sarah Nasry as Director and CFO

MullenLowe Group Sri Lanka (MLG) announced the appointment of Sarah Nasry as Director and Chief Financial Officer, effective immediately.

Quality and Productivity National Convention to commence on May 21

The Sri Lanka Association for the Advancement of Quality and Productivity (SLAAQP) announced the highly anticipated National Convention on Quality and Productivity (NCQP) 2025 during a media conference held at the BMICH, Colombo.

Exide India’s top brass to join Browns’ 150th anniversary celebrations

Top delegates from Exide Industries, India will visit Sri Lanka today to mark Browns’ 150th anniversary.

Cinnamon Hotels presents Signature Weekend with Deepa Mehta

This May, Sri Lanka sets the stage for a remarkable cinematic celebration as Cinnamon Hotels & Resorts, under its Signature Selection brand, hosts the Oscar-nominated filmmaker and producer Deepa Mehta for a special Signature Weekend, taking place on May 31 and June 01, 2025.

Pelwatte Dairy Industries invests Rs.3.1bn in new processing facility

Pelwatte Dairy Industries Ltd, Sri Lanka’s largest milk collector and a key player in the dairy sector, is making strides to further solidify its industry leadership, as it has invested Rs.3.1 billion in a state-of-the-art Greenfield dairy processing facility in Ibbagamuwa in the Kurunegala district.

Danish Ambassador foresees stronger SL-Denmark business ties

Denmark’s newly accredited non-resident Ambassador to Sri Lanka Rasmus Abildgaard Kristensen has voiced strong optimism for deepening economic partnerships between the two nations.

Supreme Court launches online payments via GovPay - A milestone in judicial digitalisation

In a landmark move towards digital transformation within Sri Lanka’s legal system, the Supreme Court officially launched online payment acceptance via GovPay, at a ceremony held on May 15, 2025, at the Supreme Court Complex in Hulftsdorp, Colombo 12, under the distinguished patronage of Chief Justice Murdu Fernando, PC.

Fitch affirms Melstacorp and subsidiary Distilleries at ‘AAA(lka)’; Outlook Stable

Fitch Ratings has affirmed the National Long-Term Ratings of Sri Lanka-based conglomerate Melstacorp PLC and its subsidiary Distilleries Company of Sri Lanka PLC (DIST) at ‘AAA(lka)’. The Outlook is Stable.

Hiruni of Cinnamon Citadel Kandy secures victory at National Bartenders Regional Competition

Cinnamon Citadel Kandy raised the bar at the 30th National Bartenders Competition for the Kandy and Nuwara Eliya region.

Sinopec reinforces commitment to ‘Clean Sri Lanka’ at newly upgraded Nawala filling station

Sinopec marked a significant milestone in Sri Lanka by successfully co-hosting its first Clean Sri Lanka Open Day yesterday together with dealers Kumar and Dilruwan Rajapakse.

ASPI gains 2.9% during the week

The ASPI closed in green as a result of price gains in counters such as John Keells Holdings, LOLC Holdings and Carson Cumberbatch with the turnover crossing Rs. 3.1 Bn.

Buying stance holds firm, yields dip across board

The secondary market sustained the buying sentiment that emerged earlier this week, pushing the yields lower across the curve and signalling a broad softening in rates.

Cinnamon Grand Colombo celebrates dual milestone with celebrity Chef Phillip Davenport

Cinnamon Grand Colombo is marking a significant chapter in its history with a dual celebration: the 50th anniversary of its iconic fine-dining restaurant, The London Grill, and the 20th anniversary of the hotel itself.

Amanté powers Miss Universe Sri Lanka 2025 as Official Main Sponsor

In a significant move for Sri Lanka’s pageantry landscape, intimate wear brand Amanté has been announced as the official main sponsor of Miss Universe Sri Lanka 2025.

INSEE Ecocycle collaborates with PNB and NDDCB for responsible disposal of confiscated heroin

INSEE Ecocycle Lanka (Private) Limited has collaborated once more with the Sri Lanka Police Narcotics Bureau (PNB) and the National Dangerous Drugs Control Board (NDDCB) to responsibly dispose of 494.048 kgs of confiscated heroinvia co-processing technology.

Cambridge hosts second South Asia Schools Conference

The International Education group at Cambridge University Press & Assessment (Cambridge) hosted its second annual South Asia Cambridge Schools Conference,

Grand Leisure Resort opens doors in Negombo

A new luxury care facility for seniors, Grand Leisure Care and Wellness Resort, has officially opened its doors in Kochchikade, Negombo, offering a fresh approach to aged care in Sri Lanka.

Warna 2025 to Illuminate Colombo’s creative scene at Havelock City Mall

Warna 2025 – A Festival of Arts will take place on Saturday 24th and Sunday 25th May 2025, from 10 a.m. to 9 p.m., at the Ground Floor Atrium of Havelock City Mall.

Nippon Paint receives Award of Excellence from SLIA for two products

Nippon Paint Lanka received two Awards of Excellence from the Sri Lanka Institute of Architects recently for two products specially developed for the renovation of old Bathrooms, Laundry and Pantry areas.

Hameedia launches ‘We Create’ – SL’s first online tailoring platform

Hameedia, Sri Lanka’s leading menswear brand, recently launched ‘We Create’, the country’s first-ever digital tailoring platform, via www.envoylondontailorstore.com.