Asia Asset Finance to raise Rs. 1.5bn via rights issue to strengthen Tier 1 capital

Asia Asset Finance PLC announced a rights issue to raise approximately Rs. 1.5 billion to strengthen its Tier 1 capital and support future business volume expansion.

2037 maturity rejected at T-Bond auction

Secondary market yields moved slightly higher yesterday ahead of the auction, with the upward pressure most evident at the shorter end of the curve. However, following the auction, yields, particularly in the 2029-2030 maturity segment retraced to their pre-auction levels.

Indices close in red

Indices closed in red as a result of price losses in counters such as DFCC Bank, Commercial Bank and Dialog Axiata with the turnover crossing Rs. 1.6bn.

SL Embassy-VJSC host tourism promotion event in Ho Chi Minh City

The Embassy of Sri Lanka in Viet Nam, in collaboration with VJSC Co., Ltd, successfully co-hosted a tourism promotion event titled ‘Unlocking Sri Lanka’s Tourism Potential’ in Ho Chi Minh City on June 8, 2026.

Mastercard announces leadership changes

Mastercard has announced significant leadership appointments aimed at strengthening South Asia operations, by creating a more integrated model for Sri Lanka, the Maldives, Bangladesh, Nepal and Bhutan.

LOLC Finance strengthens regional presence

Further expanding its islandwide footprint, LOLC Finance PLC inaugurated its new Gelioya branch recently, at No. 67/1, Karamada, Gelioya.

SANASA General Insurance introduces One + Two concept

With the aim of increasing public awareness about protection beyond motor insurance, SANASA General Insurance has now introduced an innovative new concept under the theme ‘One + Two | rlaIK jdis oeka Double fj,d’.

99x launches Xianix in Oslo

99x has officially launched xianix.ai, its open-source AI platform designed to help organisations harness the full potential of artificial intelligence (AI) in the software delivery lifecycle.

Hayleys Solar completes GPV Lanka’s 1.7MWp installation

Hayleys Solar has successfully completed the installation of a 1.7MWp solar power system for GPV Lanka (Pvt.) Ltd in Negombo, further supporting the country’s transition towards sustainable and energy-efficient industrial operations.

David Pieris Automobiles opens SL’s 1st GWM Flagship Experience Centre

David Pieris Automobiles (Private) Limited (DPA) opened its state-of-the-art GWM Flagship Experience Centre at 250, Access Tower 03, Union Place, Colombo 2, marking a significant milestone in the evolution of Sri Lanka’s automotive retail landscape.

SL-Thailand Business Council celebrates 25 years of strengthening biz relations

The Sri Lanka-Thailand Business Council (SLTBC) celebrates its 25th anniversary in 2026, marking a remarkable journey of fostering economic cooperation, trade, investment and friendship between Sri Lanka and Thailand.

SDB Bank with IBM modernises digital banking infrastructure

SDB Bank has collaborated with IBM and South Asian Technologies (SAT), an IBM business partner, to modernise its digital banking infrastructure and accelerate its transformation journey.

New investments reinforce Colombo Port City’s role as a catalyst for economic growth

Colombo Port City reached a significant milestone in its development as a leading regional business and investment destination, following the Cabinet approval granted in April 2026 to 77 Businesses of Strategic Importance (BSIs) under the Regulations of the Colombo Port City Economic Commission Act.

Fintrex Finance-KayJay Electronics launch CCTV loan facility

Fintrex Finance PLC announced the official launch of the Fintrex CCTV loan facility, introduced through a strategic partnership with KayJay Electronics, a trusted provider of CCTV and surveillance solutions.

Celeste announces leadership appointment

Celeste, one of Sri Lanka’s fastest growing lifestyle and quick commerce brands, has announced a landmark step in its evolution with the appointment of veteran corporate leader Roshanie J. Moraes and a strategic transition toward a strengthened corporate governance structure.

CSE extends decline as middle east concerns weigh on investor confidence

The Colombo Stock Exchange (CSE) extended its losses on Thursday, with both benchmark indices closing lower as escalating tensions in the Middle East continued to dampen investor sentiment. Persistent geopolitical uncertainty and concerns over its potential economic implications kept investors on the sidelines, resulting in subdued trading activity and broad-based selling pressure across the market.

UNDP urges SL to regularise carbon markets to unlock private capital

The United Nations Development Programme (UNDP) has urged Sri Lanka to urgently operationalise and regularise its policy position on carbon trading, warning that private capital will only flow into markets that offer deep predictability and clear institutional structures.

DFCC Bank introduces Employee Banking Proposition

DFCC Bank PLC has introduced the DFCC Employee Banking Proposition, a partnership-led workplace banking solution designed to simplify how organisations manage employee banking while expanding access to financial benefits and digital convenience for employees and their families.

IRCSL deepens global engagement with strategic visit to Hong Kong

The Insurance Regulatory Commission of Sri Lanka (IRCSL) undertook an official visit to Hong Kong recently, with the objective of further strengthening its regulatory capabilities and relations through exposure to internationally recognised best practices and evolving supervisory frameworks.

Allianz Insurance Lanka expands customer access to selected insurance products

Allianz Insurance Lanka Ltd has entered the next phase of its strategic partnership with Dedigama Group (Private) Limited, reaffirming its commitment to customer convenience, accessibility, and choice.

Assetline Finance, preferred partner for GWM Experience Centre

Assetline Finance PLC (AFIN), a member of the David Pieris Holdings, is the preferred finance partner for the launch of Sri Lanka’s first GWM Flagship Experience Centre at Access Towers, Colombo by David Pieris Automobiles (Pvt) Ltd (DPA).

France reaffirms long-term support as AFD Group marks 20 years in Sri Lanka

France has been alongside the Government of Sri Lanka during several emerging crises, which have challenged its modern history in the past two decades and will remain committed accompanying the country on its path towards a more prosperous, resilient and sustainable future, a French envoy said.

Prime & Melwa present new global marina front address for Sri Lanka

Prime and Melwa have unveiled the Prime Marina Sales Suite at Port City Colombo, a first of its kind in the region and a new benchmark for how a landmark real estate address is presented to the world.

Vauxhall DSTRCT by John Keells Properties surpasses 300 apartment sales within first three months of launch

John Keells Properties (JKP) has announced that Vauxhall DSTRCT, its newest residential development in the heart of Colombo, has surpassed 300 apartment sales within the first three months of launch.

Indo-Lanka Chamber hosts dialogue on Sri Lanka’s investment future

The Indo-Lanka Chamber of Commerce & Industry (ILCCI), affiliated to The Ceylon Chamber of Commerce, hosted an interactive session on ‘Sri Lanka’s Investment Future: Policy, Opportunity & Growth’ at Jetwing Colombo Seven. The session was attended by Dr. Satyanjal Pandey as Chief Guest, while Aritha Wickramasinghe delivered the keynote address in his capacity asChief of Staff to the Office of the Presidential Special Envoy on Foreign Investment,

First Capital named SL’s Leading Investment Banking Firm by World Economic Magazine Awards 2026

First Capital Holdings PLC has been recognised as the Leading Investment Banking Firm in Sri Lanka – 2026 at the World Economic Magazine Awards.

BYD tops global automotive innovation ranking in historic first

Cementing its status as a global New Energy Vehicle (NEV) trailblazer, BYD has topped the global rankings for most innovative automotive group in the Automotive INNOVATIONS Report 2026, published by Germany’s Center of Automotive Management (CAM) - the first time in the study’s 21-year history that a Chinese automaker has claimed the top position.

Executive workshop on ‘Climate Resilience & Business Continuity’

As climate-related disclosure requirements, investor expectations and regulatory frameworks continue to evolve, Sri Lankan businesses are facing growing pressure to strengthen their climate governance, compliance and risk management capabilities.

Home Lands set to unveil ‘Central Park Boulevard Port City Colombo’

Home Lands is set to make history with Sri Lanka’s largest-ever real estate launch, unveiling Central Park Boulevard Port City Colombo.

Investors stay on sidelines ahead of T-bond auction

Investor caution persisted in the secondary market, as the participants awaited direction from the today’s T-bond auction.