Earnings optimism lifts CSE as ASPI gains over 111 points

The Colombo Stock Exchange closed on a strong positive note on 29th May 2026, supported by renewed investor confidence following the latest round of corporate earnings releases.

Restoring health and sanitation to rural schools

True community service goes beyond temporary relief and instead builds lasting systems for future generations. This principle guided Project Flowing Hope, a multi-phase infrastructure initiative implemented by the Rotaract Club of Kandy in collaboration with the Rotary Club of Kandy and the Educate Lanka Foundation.

US hospital chain tests Sinque Numberless Patient Monitoring Solution

Sinque, a patient monitoring system that focuses on numberless behavioural analytics, to deliver obesity care that is emotionally safe, especially for GLP-1 weight loss programs, built and implemented by Sri Lankan technology outsourcing company EFutures, together with leadership from the application’s founders in the Netherlands, is now being tested by a leading hospital chain across the United States.

ADRA Ceylon redefines Sri Lanka’s tea export narrative

ADRA Ceylon, an entity within the Pink Eagle Group, marks its 10th anniversary, celebrating a decade of remarkable transformation from a local venture into a globally recognized leader in premium Ceylon tea export. Since its inception, the company has successfully delivered exquisite teas to over 37 countries, firmly establishing its position among Sri Lanka’s tea exporters. This significant milestone reflects the strategic vision and unwavering

Lanka Lions Foundation continues to uplift Lankan entrepreneurs

The Lanka Lions Foundation (LLF), the charitable arm dedicated to humanitarian and community upliftment under Lions in Sri Lanka, continues to make a significant impact on grassroots entrepreneurship through its long-standing micro loan programme aimed at supporting economically active low-income individuals who are unable to access traditional banking facilities

H.E.R Foundation formalises menstrual health partnership with Dialog Business Services

The H.E.R Foundation, supported by Fems, recently took an important step forward in its mission to advance menstrual health across the country.

SLYCAN Trust convenes Lighthouse Event to discuss climate and disaster risk finance

With disasters and other climate change impacts looming large, Sri Lanka needs strong social and financial protection mechanisms to help communities, businesses, and public institutions prepare and recover, according to discussions at the Lighthouse Event on Climate and Disaster Risk Finance and the Multi-Actor Partnership in Sri Lanka.

NCE visit strengthens export sector connections in Wayamba

The National Chamber of Exporters of Sri Lanka (NCE) conducted a regional visit to Kurunegala in the Wayamba Province on 15 May, with the objective of connecting member exporters with regional producers, suppliers and aspiring exporters through direct business engagement and institutional participation.

Sri Lanka unveils South Asia’s first Solar Bakery Oven

Sri Lanka became the first country in South Asia to unveil a solar hybrid bakery oven, designed with both solar and biogas energy sources to ensure uninterrupted operation despite unpredictable weather conditions.

Altair receives PWA’s entrance and lobby upgrade

Altair, an address that elevates and defines contemporary living, stands as Moshe Safdie’s architectural masterpiece and a powerful statement that buildings can achieve extraordinary feats.

Aitken Spence Printing wins ‘WorldStar 2026’ award

Aitken Spence Printing has achieved a landmark international recognition by becoming the first and only offset printing company in Sri Lanka to win an award at the WorldStar Awards, organised by the World Packaging Organisation (WPO). The Company secured the WorldStar 2026 Award for Packaging Excellence in the Luxury Packaging category, reaffirming Sri Lanka’s growing capability in world-class printing and packaging innovation.

Wire Communications Consultancy Holdings reinforces leadership architecture to drive ‘Wire 15 Roadmap’

Wire Communication Consultancy Holdings, celebrating its 15th anniversary of market operations, has officially announced structural advancements to its senior leadership team.

CA Sri Lanka’s inaugural Sustainability Summit mobilises corporate sector for resilient growth

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently launched its inaugural Sustainability Summit at Cinnamon Life, drawing an unprecedented gathering of corporate leaders including C-suite executives, board members, regulators, and global sustainability experts.

PDMO successfully raises full offered amount at T-bond auction

Yesterday, the PDMO successfully concluded a T-bond auction, raising the full offered amount of Rs.240.0 billion across the 2030, 2033 and 2035 maturities.

Indices bounce back

The ASPI edged up as a result of price gains in counters such as Dialog Axiata, Ceylon Cold Stores and National Development Bank with the turnover crossing Rs. 1.8 Bn. Meanwhile, the S&P SL20 closed in green. High net worth and institutional investor participation was noted in CIC Holdings, Vidullanka and Lanka Milk Foods. Mixed interest was observed in Bairaha Farms, Dialog Axiata and Softlogic Life Insurance whilst retail interest was noted in

Notice

Mirror Business will not be published on Friday, May 29, 2026 and Saturday, May 30, 2026, due to the Vesak Poya holidays. The next edition will be on Monday, June 1, 2026.

Commercial Bank now brings PayPal-linked withdrawals for customers

Commercial Bank of Ceylon, reaffirming its leadership in introducing the latest global financial technologies to Sri Lanka, has announced the availability of PayPal-linked withdrawal functionality for eligible customers to seamlessly channel their global digital earnings directly into their Commercial Bank accounts through ComBank Digital.

Tokyo Cement posts strong FY 2025/26 4Q performance amidst intense cost pressures

Tokyo Cement Group (Tokyo Cement) reported a turnover of Rs.17,623 million for the fourth quarter ending March 31, 2026, compared to Rs.12,960 million recorded in the corresponding quarter of the previous year, reflecting a 36 percent growth in turnover.

PickMe distributes Rs.73bn to independent earners and merchants

Digital Mobility Solutions Lanka PLC (DMSL), the owner of the PickMe brand, delivered its strongest annual financial performance to date, posting revenue of Rs.8.7 billion for the financial year ended March 31, 2026 (FY25/26), a 49 percent increase from Rs.5.8 billion in the previous year.

Revised IRD risk rules may slow VAT refunds for exporters: EY

Sri Lanka’s revised value-added tax (VAT) refund risk-classification framework could delay the refunds for a larger number of exporters, despite the government’s fast-track refund mechanism, according to a new Ernst & Young (EY) Sri Lanka tax alert, as the authorities tighten the scrutiny over taxpayer compliance histories and prior audit findings.

Sri Lankan banks move to calm stability fears after fraud incidents

Sri Lanka’s banking industry yesterday moved to contain rising public concern over recent fraud and cyber-related incidents, asserting that the country’s financial system remains stable and sufficiently capitalised to absorb such shocks without jeopardising depositor funds or broader financial stability.

CBSL shifts into macro-stability defence mode with sharp rate hike

The Central Bank yesterday delivered its first monetary tightening in three years, raising rates by a full percentage point as oil shocks linked to the Iran conflict intensified pressure on inflation, the rupee and the country’s still-fragile external sector.

JKH big-ticket investments drive strongest quarterly operational performance

John Keells Holdings (JKH) delivered one of its strongest operational quarters in recent years in the March quarter, as the conglomerate’s large-scale investments in its integrated resort, port and electric vehicle businesses began making a materially stronger contribution to earnings.

Ceylon Cold Stores absorbs inflationary shocks and climate disruptions to protect market share

Ceylon Cold Stores PLC, the operator of the Elephant House brand, has deliberately absorbed significant inflationary pressures and extreme weather-related disruptions during the financial year 2025/26, sacrificing short-term margin expansions to aggressively defend its consumer market share.

People’s Bank achieves Rs. 16.6bn PBT in 1Q26

People’s Bank delivered a strong and resilient financial performance for the quarter ended 31 March 2026, maintaining stability amidst heightened geopolitical tensions and continued global economic uncertainty.

Indices close in red

Indices closed in red as a result of price losses in counters such as Sampath Bank, Hayleys and John Keells Holdings with the turnover crossing Rs. 4.9bn.

100bps policy rate hike lifts yields across the curve

The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 25th May 2026, decided to increase the Overnight Policy Rate (OPR) by 100bps to 8.75% from 7.75%, following a careful assessment of evolving domestic and global economic conditions and the overall outlook.

Sampath Bank launches PayPal integration to expand global payment access for Sri Lankans

Sampath Bank PLC has become the first bank in Sri Lanka to introduce integrated PayPal withdrawal and account connectivity capabilities through Sampath Vishwa, marking a major advancement in Sri Lanka’s digital banking landscape and expanding access to secure global payments.

Hilton Colombo earns global recognition at 2026 Haute Grandeur Global Excellence Awards

Hilton Colombo has been recognized on the global stage at the 2026 Haute Grandeur Global Excellence Awards, receiving four distinguished accolades that celebrate the hotel’s excellence in hospitality, culinary experiences, and guest service.

David Pieris Automobiles partners with NTB to enhance vehicle financing solutions for BAIC, GWM range

David Pieris Automobiles (Private) Limited (DPA), the four-wheeler sales arm of the David Pieris Group of Companies, has entered into a strategic partnership with Nations Trust Bank PLC to offer flexible and customer-centric vehicle financing solutions for BAIC and GWM vehicles.