WindForce consolidates subsidiaries in internal share transfer move

WindForce PLC has approved an internal restructuring to transfer the shareholdings of three of its power subsidiaries from its fully-owned unit Renewgen (Pvt.) Ltd directly to the listed parent, as part of what the company described as a “strategic management decision”.

Week begins in red

The ASPI closed in red as a result of price losses in counters such as R I L Property, C T Holdings and Dialog Axiata with the turnover crossing Rs. 4.1 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Access Engineering, Janashakthi Insurance Company and Central Finance Company. Mixed interest was observed in Softlogic Finance, Hikkaduwa Beach Resort and Softlogic Capital

Aventude wins top honours for Engineering Excellence

Aventude has secured a major win at the Singapore Business Review Technology Excellence Awards 2026, taking home the award for Information Management - Computer Software in recognition of its outstanding engineering contribution to Norway’s public sector digitalisation through the low code platform, Compose.

Aitken Spence Travels shines at CPM Best Management Practices Company Awards

Aitken Spence Travels has once again reaffirmed its leadership in Sri Lanka’s tourism sector, being recognised as a Category Winner in the Hospitality & Tourism Services sector at the CPM (Chartered Professional Management) Best Management Practices Company Awards 2026 for the third successive year. Achieving a significant milestone, the company was also listed among Sri Lanka’s Top 40 companies for the first time, underscoring its continued comm

ComBank disburses over Rs. 14 billion in targeted MSME lending

The Commercial Bank of Ceylon has announced that it has disbursed more than Rs. 14 billion through 11,869 loans under a range of specialised credit schemes in the 15 months from 1st January 2025 to 31st March 2026, reaffirming its leadership in supporting Sri Lanka’s micro, small and medium enterprises (MSMEs).

Union Bank appoints Shaheeda Barrie to board

Union Bank has announced the appointment of Shaheeda Barrie as an Independent Non-Executive Director to the Board of Directors.

Secondary market experienced a soft start to the week

Following the New Year holidays, the secondary market experienced a slight selling interest, with low volumes and limited activity.

Rotary Club of Colombo Uptown, WIF partner with MullenLowe Sri Lanka to champion ‘Dear Father’

The Rotary Club of Colombo Uptown and the Women’s International Foundation (WIF) have signed a Memorandum of Understanding (MOU) with MullenLowe Sri Lanka, forming a strategic partnership to scale the ‘Dear Father’ programme into a national movement.

Sri Lanka Embassy in Vietnam partners with Andrew’s Travels to promote SL tourism

Sri Lanka Embassy in Vietnam in collaboration with the Andrew’s Travels (Pvt) Ltd, participated in the Vietnam International Travel Mart Hanoi (VITM Hanoi) 2026, held in Hanoi this month, as part of a strategic initiative to promote Sri Lanka as a premier travel destination to emerging markets in Southeast Asia.

Antyra Solutions secures Google Premier Partner Status for third consecutive year

Antyra Solutions has once again been recognised as a Google Premier Partner in 2026, marking the third consecutive year the agency has achieved the distinction under Google’s Partners programme.

SLASSCOM Women in Tech Conference 4.0 sets benchmark

SLASSCOM Women in Tech Conference 4.0 reaffirmed its position as Sri Lanka’s premier platform for advancing women’s leadership in the digital economy.

DFCC Bank marks 70th Annual General Meeting

DFCC Bank PLC convened its 70th Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) at its Head Office, marking a significant milestone in the Bank’s seven-decade journey.

Allianz Avurudu Negam returns for second time

During the Sinhala and Tamil New Year, Allianz Insurance Lanka Limited once again stood alongside Sri Lankan communities by continuing its Avurudu Negam initiative for the second consecutive year, expanding its reach to support families during the festive travel period.

SLBBC hosts seminar on Quality Assurance, Safety Standards and Certification

The Sri Lanka – Benelux Business Council of The Ceylon Chamber of Commerce recently hosted a seminar on “Quality Assurance, Safety Standards and Certification”.

FTZMA donates Rs. 5mn to Rebuilding Sri Lanka Fund

Free Trade Zone Manufactures Association ( FTZMA) made a financial donation of Rs. 5 million to strengthen the Rebuilding Sri Lanka Fund established by the government to provide relief to the people affected by Cyclone Ditwah and rebuild the damaged infrastructure.

RMD Consultants to conduct 3rd Japanese MTP from May

RMD Consultants (Pvt) Ltd, a leading HR consultancy specializing in human resources management, has announced its 3rd public Japanese Management Training Programme (MTP), starting 6th May. This programme also marks the 60th MTP batch conducted in Sri Lanka, reinforcing RMD’s reputation in management development and organizational excellence.

Tourism earnings plunge to five-month low as the Middle East conflict derails targets

Sri Lanka’s foreign exchange earnings from tourism suffered a severe blow in March 2026, plummeting 37 percent year-on-year to US$ 223.7 million.

Central Bank orders int’l forensic audit into Rs. 13.2bn NDB fraud

In a decisive regulatory response to a staggering Rs. 13.2 billion internal fraud, the Central Bank of Sri Lanka has mandated National Development Bank PLC to undergo a comprehensive forensic audit led by international experts.

March remittances hit four-month high on seasonal inflows

​Sri Lanka’s worker remittances rose sharply in March, supported by seasonal inflows ahead of key festival periods, with receipts climbing to their highest level in four months, Central Bank data showed.

Seasonal pop helps economy plough ahead in March despite geopolitical tensions

​Sri Lanka’s broader economic activities across manufacturing and services showed resilience during March, defying most of the impact from the ongoing Middle East conflict, which has sent the prices of fuel and other products soaring.

Sri Lanka secures continued IMF backing at 2026 Spring Meetings

​A Sri Lankan delegation led by Central Bank Governor Dr. Nandalal Weerasinghe has held productive discussions with the International Monetary Fund, World Bank, and investors during the 2026 Spring Meetings.

April arrivals slump to two-year low, exposing vulnerability to aviation shocks

Sri Lanka’s tourism sector faced a harsh reality check in the first half of April 2026, with tourist arrivals plunging to a two-year low of 68,961. This represents a 26.5 percent drop compared to the 93,915 arrivals recorded during the exact same fifteen-day period in 2025.

Free Trade Zone Manufacturers Association holds 45th AGM

Tropical Findings (Pvt.) Ltd Director Dhammika Fernando was re-elected as Chairman of the Free Trade Zone Manufacturers Association (FTZMA) for the 2026/2027 term, at the association’s Annual General Meeting (AGM) held recently at Hilton Colombo Residences.

People’s Bank receives top accolades at Best Management Practices Company Awards 2026

People’s Bank has once again reaffirmed its position as a cornerstone of Sri Lanka’s financial landscape, delivering an exceptional performance at Best Management Practices Company Awards 2026.

First Capital secures triple Gold at BMPC Awards 2026

First Capital Holdings PLC has been recognised for its strong management practices and leadership excellence at the recently concluded Best Management Practices Company (BMPC) Awards 2026, securing three Gold awards and reaffirming its position as a leading investment institution in Sri Lanka.

DFCC Bank conducts Kuliyapitiya ‘Wyapara Hamuwa’

DFCC Bank PLC conducted its first ‘Wyapara Hamuwa’ programme for 2026 in Kuliyapitiya, bringing together the suppliers connected to PROJAR Lanka (Pvt.) Ltd, a Spain-based coconut chips exporting company operating in the region.

Sysco LABS-AHRP-Global Learning Lab drive Project GLO’s growth in Sri Lanka

Project GLO (Guiding Leadership and Outreach) has emerged as one of corporate Sri Lanka’s most impactful youth leadership initiatives over the past two years, with Sysco LABS playing a central role as one of its leading corporate partners in driving scale, reach and sustained impact.

ComBank-Bancstac strengthen digital payment infrastructure

Commercial Bank of Ceylon has announced that it has entered into a long-term Technology Services Master Agreement with Bancstac, to deploy a secure, compliant, scalable and fully bank-controlled payment processing infrastructure, reinforcing the bank’s leadership in digital financial services.

Mahindra Ideal Finance celebrates debenture listing at CSE

Mahindra Ideal Finance Ltd (MIFL) recently marked the official listing of its inaugural debentures and debut listing on the Colombo Stock Exchange (CSE) with a bell ringing and market opening ceremony held at the CSE trading floor, symbolising a key milestone in the company’s capital market journey and its commitment to transparency and strong governance.

Assetline Insurance Brokers-Life Vision elevate financial security and risk management

Assetline Insurance Brokers (Private) Limited (AIBL), a subsidiary of David Pieris Group of Companies, recently announced a strategic partnership with Life Vision Credit & Investment (Pvt.) Ltd (LVC).