No price revision for LAUGFS gas

There will be no price revision for LAUGFS Gas domestic cylinder refills in May, LAUGFS Gas Director and Cluster CEO Dr. Niroshan J. Pieries said.

Fuel prices slashed

The Ceylon Petroleum Corporation (CPC) has announced a fuel price reduction, effective from midnight today.

CSE declines amid profit-taking pressure

The Colombo Stock Exchange (CSE) concluded today’s trading session on a negative note, with the All Share Price Index (ASPI) closing just below the 15,800 level.

No April 30 deadline for WHT declarations: IRD Commissioner says

The Commissioner General of the Inland Revenue Department (IRD) today denied a report circulating on social media claiming that April 30 is the last date for individuals subject to withholding tax (WHT) on interest income, but without taxable income, to submit their self-declaration to banks and financial institutions.

11 million TINs registered, most yet to be issued: IRD

The number of Taxpayer Identification Number (TIN) registrations at the Inland Revenue Department (IRD) has reached 11 million, but most of the TINs have not been issued to the respective individuals.

Polestar Lanka Garments invests $5.08M in Sri Lanka, to create 679 jobs

Polestar (Lanka) Garments Ltd, a subsidiary of China’s Lianfa Group, has signed an agreement with the Board of Investment (BOI) to invest $5.08 million in a new export-oriented garment manufacturing facility.

SL recovery no “understatement”, says CB Governor

Sri Lanka may still be on the road to recovery, but its steps in correcting long-standing policy failures are now being recognised where it matters most—by key international lenders.

Alliance Finance becomes first SL NBFI to list green bond on LuxSE

Alliance Finance Company PLC (AFC) has listed its green bond on the Luxembourg Stock Exchange and the Luxembourg Green Exchange, following its initial listing on the Colombo Stock Exchange in February 2025.

Emirates reaffirms long-term commitment to SL’s tourism industry

Emirates and the Sri Lanka Tourism Promotion Bureau (SLTPB), at the Arabian Travel Market 2025, renewed their partnership aimed at further developing the country’s tourism and trade industries. The partnership was sealed through a Memorandum of Understanding (MoU) between the two parties.

MSC Mariella makes record call at Colombo Port

Marking a historic milestone for Sri Lanka’s maritime industry, the ultra-large container vessel (ULCV) MSC MARIELLA, one of the largest container vessels in the world and the largest in the MSC fleet, made its maiden call at the Colombo East Container Terminal (CECT) of the Sri Lanka Ports Authority (SLPA) at the Port of Colombo (POC).

February industrial production adds more steam amid a recovering economy

The Index of Industrial Production (IIP) added more heft in February 2025, reflecting gradual recovery in the industrial activities in the country after the economic normalcy has been re-established after years of wobbling conditions.

ASPI up for 4 sessions straight

The ASPI closed in green as a result of price gains in counters such as John Keells Holdings, Ceylon Tobacco Company and Aitken Spence with the turnover crossing Rs. 2.0 bn.

Yields edge down amid tepid volumes

CBSL conducted its weekly T-Bill auction yesterday, raising Rs. 145.0bn in line with the initial offering.

Sri Lanka Tourism makes inroads into Middle Eastern market

On April 28, 2025, the Sri Lanka Tourism Promotion Bureau (SLTPB) inaugurated its dynamic national pavilion at the 32nd Arabian Travel Market (ATM) held at the Dubai World Trade Centre.

Radisson Blu Hotel, Galadari Colombo appoints Marko Jannssen as GM

As Galadari Colombo undergoes an exciting transformation and prepares to unveil its new identity as Radisson Blu Hotel, Galadari Colombo, Radisson Hotel Group announced the appointment of Marko Janssen as the hotel’s new General Manager.

Grammy winner Ne-Yo set to perform live in Sri Lanka this December

Renowned American R&B superstar and three-time Grammy award winner Ne-Yo is set to electrify Sri Lanka with his first-ever live performance in Colombo in December 2025, in a spectacular event organised by Brown Boy Presents and Cinnamon Grand Colombo joins as the official hospitality partner, ensuring an unparalleled experience for the event.

Hayleys Fentons recognised at Best Management Practices Awards

Hayleys Fentons Limited demonstrated its leadership by securing top honours at Best Management Practices Company Awards 2025.

SL-Italy Business Council discusses ways to win Italian tourists

The Sri Lanka-Italy Business Council (SLITBC) of The Ceylon Chamber of Commerce, in collaboration with the Embassy of Italy in Colombo, hosted a workshop recently on ‘Winning and Retaining Italian Tourists’, bringing together tourism industry leaders, diplomatic representatives and travel experts from Italy.

Lenovo launches 14th Gen Intel Desktop

Lenovo, in collaboration with IT Gallery Computers (Pvt.) Ltd, hosted an exclusive event in Sri Lanka, which featured an impressive line-up of devices, insightful keynotes and in-depth product sessions, with a special focus on the introduction of the next-generation ThinkCentre Neo 50t Gen 5 and up to five years onsite warranty.

People’s Bank chief dismisses Fitch concerns, points to strong capital position

People’s Bank CEO/GM Clive Fonseka has strongly refuted concerns raised by Fitch Ratings regarding capital vulnerabilities in the state-owned banks, maintaining that his institution remains financially robust despite the recent challenges.

TSHDA-Solidaridad strengthen SL’s smallholder tea sector

In a major step toward transforming Sri Lanka’s smallholder tea sector, the Tea Small Holdings Development Authority (TSHDA) and Solidaridad, in partnership with Regenagri, Control Union and Nucleus Foundation, concluded a two-day capacity building workshop on the Regenagri standards for tea extension officers.

MegaPay’s Pay&Go directly integrates with LECO

In a significant move to enhance Sri Lanka’s digital payment landscape, MegaPay, shaping the future in fintech, has announced a direct integration between its flagship product Pay&Go and Lanka Electricity Company (LECO).

Cargills partners Sri Lanka Masters Hockey Cup 2025

Cargills (Ceylon) PLC announced its role as the title sponsor of Sri Lanka Masters Hockey Cup 2025, which will take place from May 1 to 3, 2025, at the Colombo Astro Turf.

Market holds firm amid strengthening macroeconomic conditions

The Colombo Stock Exchange (CSE) continued its positive trajectory for the fourth consecutive trading session, supported by a strong rebound in investor sentiment driven by a positive economic outlook.

Largest container ship arrives at the Colombo Port

The MSC Mariella, known as the world’s largest container ship, arrived at the Eastern Container Terminal (ECT) of the Colombo Port yesterday (28).

Illegal confectionery floods SL market: Leading confectioner warns

A rise in illegal confectionery products entering Sri Lanka’s local market is posing significant challenges for the legitimate businesses and creating health risks for the consumers, a top industry representative warns.

CSE establishes Central Counterparty to enhance market stability

The Colombo Stock Exchange (CSE) has unveiled an initiative to bolster market efficiency and reduce systemic risk with the establishment of a Central Counterparty (CCP) through its newly formed entity, CSE Clear (Private) Limited.

No vehicle shortage; 7,000 units imported: Importers

The Vehicle Importers’ Association of Sri Lanka (VIASL) yesterday affirmed that there is no shortage of imported vehicles in the country, with nearly 7,000 new vehicles have already been imported to both the Hambantota and Colombo Ports.

Jetwing Vil Uyana named to Wanderlust’s first Wandersleeps 2025 list

Jetwing Vil Uyana has been featured on Wanderlust Travel Media magazine’s inaugural Wandersleeps 2025 list, which celebrates 50 of the world’s most authentic, distinctive and responsible places to stay. “This outstanding ecolodge was the first in Sri Lanka to construct its own wetland system, with lakes and reedbeds forming a private nature reserve within its own grounds. This allowed the architects to integrate guest accommodation seamlessly int

Fitch affirms Hemas Holdings at ‘AAA(lka)’; Outlook Stable

Fitch Ratings has affirmed the National Long-Term Rating on Sri Lankan consumer brands and healthcare company Hemas Holdings PLC at ‘AAA(lka)’, with a Stable Outlook. The rating underscores Hemas’ defensive operating cash flows, driven by its healthcare and consumer brands businesses, which contribute approximately 90 percent of the group’s EBIT. The Stable Outlook is supported by Fitch’s expectations that Hemas will continue to maintain a robus