Nex-Gen revolutionises as-built surveying

Nex-Gen Engineering Studio is leading a significant transformation in the field of as-built surveying through the integration of advanced drone-based 3D LiDAR (Light Detection and Ranging) laser scanning technology.

Emirates eyes India-SL route

Emirates has expressed its openness to increasing direct flight operations between Sri Lanka and various parts of India while emphasising that the respective governments of India and Sri Lanka need to grant the necessary permissions.

Tariff jitters cast long shadow over SL’s rubber sector

The global rubber market is already feeling the tremors of policy uncertainty, with Sri Lanka caught in the crosshairs, analysts said, while warning there could be a prolonged and painful reshuffle of trade routes, pricing and production flows.

CAL’s Rs.1.58bn IPO oversubscribed unprecedented 10 times

Capital Alliance Holdings Limited’s (CALH) Rs.1.58 billion initial public offering (IPO) was oversubscribed an unprecedented 10 times.

Fitch assigns Vidullanka’s proposed sukuk ‘A+(lka)’ final rating

Fitch Ratings has assigned a final National Long-Term Rating of ‘A+(lka)’ to Sri Lanka-based renewable power producer Vidullanka PLC’s proposed Rs.500 million sukuk issuance.

MBSL’s subordinated debt assigned final ‘BBB+(lka)’ by Fitch

Fitch Ratings has assigned Merchant Bank of Sri Lanka & Finance PLC’s (MBSL, A(lka)/Stable) proposed subordinated debentures of up to Rs.1 billion a final National Long-Term Rating of ‘BBB+(lka)’.

Dialog Axiata posts strong 1Q results with 20% core revenue growth

Dialog Axiata PLC reported a consolidated revenue of Rs.43.3 billion for the first quarter ended March 31, 2025, marking a 4 percent year-on-year (YoY) increase.

NOTICE

Mirror Business will not be printed on Vesak Full Moon Poya Day – Monday, May 12, 2025 and the day following Vesak Full Moon Poya Day – Tuesday, May 13, 2025. The next edition will be on Wednesday, May 14, 2025

Indices edge up during the week

The ASPI edged down as a result of price losses in counters such as Cargills, Hemas Holdings and Teejay Lanka with the turnover crossing Rs. 1.5 Bn.

Muted morning trading gives way to post-auction activity

Yesterday the secondary market remained rather dormant during the early hours of trading, however activity picked up following the T-bond auction.

BOI & FTZMA begin construction of Children’s Day Care & Learning Centre

The Board of Investment of Sri Lanka (BOI), in collaboration with Free Trade Zone Manufacturers’ Association (FTZMA),

Hemas Pharmaceuticals provides humanitarian assistance to Myanmar

Hemas Pharmaceuticals recently contributed to humanitarian efforts in Myanmar in the wake of a 7.7 magnitude earthquake that caused widespread destruction on the 25thof March with a donation of essential medicines.

NDB Bank and WNPS Youth Wing empower future conservationists

In a landmark finale to a multi-year initiative, NDB Bank, in partnership with the Youth Wing of the Wildlife and Nature Protection Society (WNPS), successfully concluded the final chapter of the ‘Education for Conservation’ project.

USA assumes presidency of Colombo Plan Council

The United States of America, represented by Julie Chung, U.S. Ambassador to Sri Lanka, assumed the presidency of the Colombo Plan Council during a Special Session held on 7 May.

IChemC Chemistry Degree Program enrollment now open

The Institute of Chemistry Ceylon (IChemC) invites applications to its two Chemistry programs: the Bachelor of Science Honours (BSc Hons) degree in Chemical Science and the Graduateship in Chemistry (GIC).

Bairaha Chicken Café brings culinary delights to Wasantha Sanakeliya in Nuwara Eliya

Bairaha Farms PLC marked its presence at the Nuwara Eliya Wasantha Sanakeliya 2025, with its popular Bairaha Chicken Café food stall.

HNB Finance inspires young minds with art workshop

HNB Finance PLC recently conducted the ‘Yalu Daskam’’ art workshop at Wijeyawardana Vidyalaya, Kiriwaththuduwa.

The Body Shop gears up for Mother’s Day

Mother’s Day is fast approaching, and while our mums deserve to be celebrated every day, this special occasion gives us the perfect opportunity to show extra love and appreciation to all the incredible mother figures in our lives.

Nations Trust Bank Private Banking unveils 6th edition of Masterpieces – Art Rotation

Nations Trust Bank Private Banking announced the 6th edition of the highly anticipated Masterpieces – Art Rotation, a premier display of Sri Lankan art.

Asriel powers food expo as Diamond Sponsor

Asriel Marketing Pvt Ltd. returns as the Diamond Sponsor for the third consecutive year at the 22nd edition of the Culinary Art Food Expo (CAFE 2025), the largest food exhibition in Sri Lanka.

Hutch gifts 100 E-bicycles to rural schools

In a continued effort to empower students through sustainable mobility solutions, Hutch has further expanded its corporate social responsibility (CSR) footprint.

Aitken Spence apparels segment shines at CPM Best Management Practices Awards

Aitken Spence Apparels segment announced once again that its subsidiaries, ACE Apparels (Pvt) Ltd and Aitken Spence (Garments) Pvt Ltd, were recognised among the top twenty outstanding companies at the prestigious CPM Best Management Practices Company Awards 2025.

‘Wheels on the Bus’ rolls out joy for 20 little hearts in Colombo

The Leo Club of Thalangama Golden City took 20 underprivileged children on a joyful journey through the heart of Colombo, marking their signature community outreach project, Wheels on the Bus.

Melwa sponsors Avurudu celebrations across SL

Steel manufacturer Melwa played a key role in this year’s (2025) Selalihini Wasanthaya in Nuwara Eliya by sponsoring both the festival and its major attraction, the Gregory’s Mud Challenge.

SLT-Mobitel hosts health camp in line with Vesak

Commemorating the spirit of Vesak, SLT-Mobitel hosted a health camp during the first week of May 2025 at its Regional Office in Gampaha, providing essential healthcare services to over 350 residents from surrounding communities.

De-dollarization gaining momentum in Asia as trade tensions fuel currency diversification

Mounting trade friction is accelerating a move away from the US dollar in currency markets, with banks and brokers reporting increased demand for alternatives, as reported by Bloomberg News.

CSE ends in red on low trading activity

The Colombo Stock Exchange (CSE) closed the session with a subdued performance, ending on a negative note. Trading activity remained low throughout the day, as reflected by reduced volumes and turnover.

CBSL tightens oversight on IT and cybersecurity risks in banking sector

In a move to reinforce operational resilience across the banking sector, the Central Bank of Sri Lanka (CBSL) has issued a new directive mandating licensed banks to promptly report a broad range of

Suspends flights to Lahore

In light of the escalating tensions between India and Pakistan, SriLankan Airlines has announced the immediate suspension of all flights to Lahore, Pakistan.

SriLankan Cargo gets e-commerce lift-off with IATA lithium battery certification

SriLankan Cargo, the air freight arm of SriLankan Airlines, has become South Asia’s first airline cargo division to secure the International Air Transport Association’s (IATA) CEIV Lithium Batteries Certification