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

Sri Lanka’s spending overshoots income by Rs. 498bn in 1Q25

Sri Lanka recorded a steep budget deficit of Rs. 498.28 billion in the first quarter of 2025 (1Q25), official data showed.

CAL’s Rs.1.58 bn IPO oversubscribed within hours

Capital Alliance Holdings Limited’s (CALH) Rs. 1.58 billion initial public offering (IPO) was oversubscribed within hours of opening yesterday.

May tourist arrivals cross 20,000 in four days

Tourist arrivals to the island nation for the first four days of May crossed the 20,000 mark, pushing cumulative arrivals for the year to date past the 900,000 milestone.

Sleek. Smart. Skyready

Emirates gave Sri Lankan media a closer look at its new A350 at the Bandaranaike International Airport (BIA), offering a taste of tomorrow’s travel - Pix by Kithrisi de Mel

NCE calls on govt. to delay SVAT removal until systems are ready

The National Chamber of Exporters of Sri Lanka (NCE) has issued a strong and urgent call to the government - to not place additional burdens on the export sector at a time when resilience is already

Market buzz picks up pre-bond auction; investor sentiment becomes mixed

Ahead of today’s T-Bond auction, the secondary market displayed mixed sentiment yesterday, shifting away from the buying trend observed over the past couple of sessions.

Indices close in green

The ASPI closed in green as a result of price gains in counters such as Ceylinco Holdings, Cargills and Melstacorp with the turnover crossing Rs. 1.6 bn.

Sampath Bank launches SL’s 1st fully AI-powered instant personal loan solution

Marking a significant leap in digital transformation and customer-centric innovation, Sampath Bank has introduced Sampath Select, Sri Lanka’s first fully automated, artificial intelligence (AI)-powered personal

Cargills Bank opens latest branch in Kuliyapitiya

Cargills Bank opened its 26th branch in Kuliyapitiya, understanding its commitment to enhancing financial accessibility across the island.

DFCC Bank celebrates responsible remittances

As Sri Lanka continues its journey towards economic stability and resilience, DFCC Bank has reaffirmed its commitment to nation-building through targeted efforts to promote legal remittances.

Bally’s Colombo triumphs at Asia Gaming Awards 2025

Bally’s Colombo was awarded the Best Gaming Property of the Year at the 2025 Asia Gaming Awards in Manila, marking a historic milestone for the country’s gaming and hospitality sectors.

EDB to lead local apparel exporters to China for technology exposure programme

The local apparel exporters will have the fresh opportunity to gain firsthand insights and experience of Chinese technology in apparels with the Export Development Board (EDB) gearing up to host an

Hayleys Solar-Cargills propel sustainability with solar energy

Hayleys Solar has renewed its successful partnership with Cargills Group to progress with the second phase of solar energy installations islandwide.

People’s Bank relocates Moronthuduwa service centre

People’s Bank recently inaugurated its Moronthuduwa service centre at a new and improved location, further strengthening its service offerings for customers in the Moronthuduwa area.

Mastercard-LankaPay threefold plan to accelerate SL’s digital economy

Reaffirming its commitment to bolstering Sri Lanka’s digital economy, Mastercard and LankaPay, the national payment network of Sri Lanka, yesterday announced a strategic collaboration to enhance card

Emirates Group achieves record profit of US $ 6.2bn in 2024-25

The Emirates Group yesterday released its 2024-25 annual report, achieving new record profit, EBITDA, revenue and cash balance levels.

SDB bank elevates local entrepreneurs

Continuing its unwavering commitment to uplifting local entrepreneurs and opening new market opportunities for them, SDB bank hosted the inaugural SDB Vyaapara Prathiba 2025 trade fair at F.R.

SL-Korea Business Council discusses on export prospect

The Sri Lanka-Korea Business Council (SLKBC) of The Ceylon Chamber of Commerce hosted a discussion on ‘Sri Lanka’s Export Prospect? Challenges. Opportunities. Reforms’ recently at Hilton

99x empowers employees through international exposure

A team of 99x employees travelled to Haugesund, Norway, to engage with their long-standing partner RamBase by Hatteland for an intensive week of workshops, strategic discussions and hands-on

Manjula Wijesundara new COYLE Chairman

The Chamber of Lankan Entrepreneurs (COYLE) announced the appointment of Manjula Wijesundara as its new Chairman for the year 2025/26.

Positive momentum returns despite low turnover

The Colombo Stock Exchange (CSE) showed positive momentum today, recovering from a decline seen yesterday.

CAL’s Rs.1.58 IPO oversubscribed within hours

Capital Alliance Holdings Limited’s (CALH) Rs. 1.58 billion initial public offering (IPO) was oversubscribed within hours of opening today.

WB chief’s visit unlocks US $ 1bn support package for Sri Lanka

Sri Lanka is set to gain renewed momentum going forward with the World Bank (WB) announcing it will back the island nation with a support package in excess of US $ 1 billion.

Sri Lanka sees unprecedented 14.5% surge in cash in 2024

The Central Bank has reported an unprecedented 14.5 percent year-on-year (YoY) growth in physical cash circulation during 2024.

No regulator, no data, no monitoring in SL’s lubricant sector

Sri Lanka’s lubricant industry remains without a dedicated regulatory framework over a year, since the formal plans were first announced.

EU reminds Sri Lanka of GSP+ conditions

The European Union (EU) has reiterated the urgency for Sri Lanka to align its domestic laws with the international human rights and labour conventions, if it is to continue reaping the benefits of preferential access to the EU market, under the GSP+ trade scheme.

Laugfs Holdings appoints Dr. Ravi Edirisinghe as Group MD/CEO

Laugfs Holdings Limited announced the appointment of Dr. Ravi Edirisinghe as its new Group Managing Director and Group Chief Executive Officer, effective May 2, 2025.

Crossings boost turnover

The ASPI closed in red as a result of price losses in counters such as John Keells Holdings, Ceylinco Holdings and Commercial Bank with the turnover crossing Rs. 3.2 Bn. A similar behaviour was witnessed in the S&P SL20. Crossings were witnessed in Agalawatte Plantations, Hatton National Bank, Chevron Lubricants, Sampath Bank, CT Holdings and John Keells Holdings accounting for 56.2% of the turnover. Mixed interest was observed in John Keells Hol

Post-election rally drives continuous buying in secondary market

The Central Bank conducted its weekly T-bill auction yesterday, raising Rs.122.7 billion, lower than the initially offered amount of Rs.130.0 billion.