Fitch rates Bank of Ceylon Basel Subordinated Debt Final ‘A(lka)’

Fitch Ratings has assigned Bank of Ceylon’s (BOC, CCC+/CCC+/AA-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to Rs. 15 billion a final National Long-Term Rating of ‘A(lka)’.

Sri Lankan ICT companies attend Japan IT Week Spring 2025

The Sri Lanka Export Development Board (EDB), in collaboration with the Japan International Cooperation Agency (JICA) & Sri Lanka Embassy in Japan, announced the successful completion of Sri Lanka’s participation at Japan IT Week Spring 2025, held from April 23–25 at Tokyo Big Sight, Japan.

GCE A/L top achievers embark on Chartered Accounting journey with CA Sri Lanka

As part of its enduring commitment to nurturing future leaders and contributing towards the advancement of the country’s professional and business landscape, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) awarded scholarships to the island’s top ten achievers of the commerce stream from the 2024 G.C.E. Advanced Level Examination, marking the beginning of their journey towards becoming world-class Chartered Accountants.

ASPI gains 0.7% during the week

The ASPI closed in green as a result of price gains in counters such as Pan Asia Banking Corporation, C T Holdings and DFCC Bank with the turnover crossing Rs. 5.9 bn.

Renewed buying interest drives yields lower across the curve

Pivoting from the subdued sentiment seen in the previous week, the secondary market began the month with renewed buying interest, leading to moderate trading volumes.

Shangri-La Colombo and Shangri-La Hambantota set to redefine luxury weddings

Shangri-La Colombo and Shangri-La Hambantota are set to redefine luxury weddings with Weddings by Shangri-La - The Luxe Edit, an exclusive showcase of exquisite wedding experiences.

NKAR partners with Australia’s Holiday Max to boost Sri Lanka’s tourism

NKAR has successfully brought one of Australia’s largest tour operators, Holiday Max, based in Perth, to Sri Lanka for the very first time.

Domino’s Sri Lanka expands with new Havelock City outlet

Domino’s Pizza announced the opening of its latest outlet at Havelock City in Colombo. Known for fast delivery and exceptional pizzas, Domino’s Sri Lanka continues to be among the fastest-growing Quick Service Restaurant (QSR) brands in the country.

SLT-Mobitel rewards roaming customers with overseas tour

SLT-Mobitel recently rewarded the lucky customer of its special ‘Roam and Win’ campaign with an all-inclusive tour package to Thailand, as part of its special roaming promotional campaign.

Lean & Fit expands to Welisara

​Lean & Fit, the leader in high-quality, calorie-counted meals in Sri Lanka, is expanding its presence by opening its newest outlet in Welisara.

Salon Sudarshani Academy wins Entrepreneurial Excellency Award for exceptional haircut training

Salon Sudarshani Academy of Haircutting has been awarded as the Most Trending Haircut Training Academy at the Entrepreneurial Excellency Awards organised by the Centre for Entrepreneurship and Community Development (CECD).

NDB Bank supports ‘Sahasak Nimavum’ as Official Banking Partner

NDB Bank reaffirmed its commitment to nurturing home-grown inventions and innovations by partnering with the Sri Lanka Inventors Commission (SLIC) for the fifth International Inventions and Innovations Exhibition and Competition—‘Sahasak Nimavum.’

CDB launches ‘Life to Our Beaches’ project extension with beach clean-up

A collective of one hundred members of Team CDB and their families, gathered on the Wellawatte beach for a clean-up recently, launching the extension to the company’s ‘Life to Our Beaches’ project.

BOC Little Picasso celebrates SL’s next generation of artists

In a vibrant celebration of creativity, Bank of Ceylon (BOC) hosted the Little Picasso National Award Ceremony on 3rd April at BOC Head Office, followed by a three-day public exhibition (3rd-5th April).

Bloom Hills Holdings wins Gold for Best Educational Institute

Bloom Hills Holdings Pvt. Ltd. was recently recognised with the Gold Award for the Best Educational Institute for Edexcel and Cambridge Examinations at the Business World International Awards.

Sensodyne and SLDA partnership touches millions through oral health initiatives

Haleon Sri Lanka, the makers of Sensodyne, conducted a successful series of impactful oral health initiatives island wide in celebration of Oral Health Day 2025.

‘Diva Pawule Avurudda’ brings families together in celebration

In celebration of the Sinhala and Tamil New Year, Diva, in collaboration with television channels Ada Derena 24 and Derena TV, brought families together in its unique ‘Diva Pawule Avurudda’ initiative.

P&S takes centre stage at Melbourne Bakmaha Ulela

Perera & Sons (P&S) recently ushered in the Avurudu season by making its debut in at the Melbourne Bakmaha Ulela, hosted at the Dandenong Showroom.

Varun Beverages Lanka continues to advance commitment to key ESG initiatives

Varun Beverages Lanka (Pvt) Ltd. a carbonated soft drink manufacturer and the exclusive bottler for Pepsi in Sri Lanka, continues to deepen its commitment to Environmental, Social and Governance (ESG) principles, which focus on the creation of a lasting impact on communities and the environment.

Commercial Bank secures approval to establish representative Office in Dubai

The Commercial Bank of Ceylon PLC (CBC) has announced a strategic expansion into the Middle East following regulatory approval from the Dubai Financial Services Authority (DFSA) to open a Representative Office within the Dubai International Financial Centre (DIFC).

CSE begins May with positive momentum

The Colombo Stock Exchange (CSE) started the May with a positive trading session from the beginning to end, supported by a strong rebound in investor sentiment.

March current account surplus hits US$ 693mn

Sri Lanka’s external sector demonstrated strong performance in March 2025, with the highest monthly current account surplus since the compilation of these statistics began in January 2023, data released

Sri Lankan online shoppers stick to cash on delivery amid digital payment hesitation

Despite global shifts toward digital transactions, Cash on Delivery (COD) remains the dominant payment method for online shopping in Sri Lanka, according to the Digital Outlook Sri Lanka 2025 Report by the

Construction sector shows modest growth in March as small-scale projects lead the way

Sri Lanka’s construction sector showed signs of continued expansion in March, with the Purchasing Managers’ Index (PMI) for Construction reaching 54.3.

No order cancellations yet despite US tariffs: Brandix

Brandix, Sri Lanka’s largest apparel exporter confirmed that US tariffs imposed on imports have not yet triggered order cancellations through September.

Union Bank lending surges in March quarter, earnings dip 7%

Union Bank of Colombo PLC accelerated lending in the March 2025 quarter, signalling a strategic shift under new ownership as improving credit conditions spur competition among lenders.

PABC earnings up in 1Q25 as impairments fall, core income climbs

Pan Asia Banking Corp (PABC) reported a strong financial performance for the quarter ended March 2025, supported by loan growth, higher fee income and reduced impairment charges.

MBSL to raise Rs. 1bn via debentures 

Merchant Bank of Sri Lanka & Finance PLC (MBSL), a subsidiary of Bank of Ceylon, has unveiled plans to raise up to Rs. 1 billion through the issuance of unsecured subordinated redeemable debentures.

Sri Lanka embraces sustainable finance through GSS+ products

The Securities and Exchange Commission of Sri Lanka (SEC) in collaboration with the technical expertise sourced from the Asian Development Bank (ADB) has facilitated the Regulatory Framework

Global Franchise Forum 2025 in Colombo concludes on a high note

The Sri Lanka edition of the Global Franchise Forum (GFF) successfully concluded on 27 April at the Sheraton Hotel, Colombo, bringing together an exceptional mix of global brands, investors, entrepreneurs,