Vella inks US $ 5.1mn BOI pact to elevate 98 Acres Resort into global luxury benchmark

Uva Greenlands Estate (Pvt.) Ltd officially signed a landmark agreement with the Board of Investment of Sri Lanka (BOI) on May 29, 2026, setting the stage for a major evolution of 98 Acres Resort & Spa in the breathtaking highlands of Ella.

Late May surge highlights arrival recovery as Sri Lanka crosses 1mn tourist mark

A powerful late-month surge in tourist arrivals during May propelled Sri Lanka’s cumulative visitor count pass the one-million mark for the year, achieving this feat within the first 28 days of the month.

CIC Holdings delivers over 24% net profit growth in FY26 amid sectoral resilience

Diversified conglomerate CIC Holdings PLC recorded a consolidated revenue of Rs.91.75 billion for the year ended March 31, 2026 (FY26), reflecting a 10.16 percent year-on-year growth.

Hayleys surpasses half-trillion revenue milestone in FY 2025/26

The Hayleys group recorded the highest revenue in its history during the financial year ended March 31, 2026, with a 19 percent year-on-year increase to Rs.585.02 billion.

Indices close in red

The ASPI closed in red as a result of price losses in counters such as John Keells Holdings, Richard Pieris & Company and LOLC Holdings with the turnover crossing Rs. 1.6 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Aitken Spence, Hatton National Bank and Dialog Axiata. Mixed interest was observed in RIL Property, HNB Finance and Royal Ceramics whilst retail interest w

Selling pressure moves yields higher in secondary market

The secondary market witnessed some selling pressure amidst moderate volumes and limited market activity during yesterday’s session.

People’s Leasing & Finance celebrates 30 years of empowering SL’s entrepreneurs and communities

People’s Leasing & Finance PLC (PLC), one of Sri Lanka’s most trusted non-bank financial institutions (NBFIs), celebrated its 30th anniversary on May 31, 2026, marking three decades of empowering individuals, entrepreneurs and businesses across the island with innovative financial solutions.

CSE with EU-funded Green Recovery Facility drives SL’s GSS+ bond market

Sri Lanka’s sustainable finance market continues to gain momentum as the Colombo Stock Exchange (CSE) collaborated with the European Union (EU)-funded Green Recovery Facility, implemented by Expertise France, to advance the country’s growing pipeline of green, social, sustainable and sustainability-linked (GSS+) bonds through a series of targeted market-building programmes earlier last month.

Your money can do more for you: Understanding investments, savings, and the road to financial freedom

In the following Q&A, Kavin Karunamoorthy, Chief Executive Officer & Non-Independent Executive Director - First Capital Asset Management Limited, offers insights into the fundamental concepts of investing for potential investors, simplifying core principles to unravel prevailing misconceptions as the first step to financial freedom.

Sampath Bank signs landmark agreement for Port City Colombo Branch

Sampath Bank PLC has officially received approval from the Governing Board of the Central Bank of Sri Lanka to establish a dedicated branch within Port City Colombo, marking a significant move that reinforces Sri Lanka’s ambition to emerge as a globally connected financial and investment hub.

Diamond Engineers wins Platinum Award

Diamond Engineers (Pvt) Ltd was recently honoured with a Platinum Award in recognition of its contribution to Sri Lanka’s industrial engineering and coconut processing machinery manufacturing sector.

Piling work of Home Lands’ flagship Pentara project finishes

Construction of Pentara Residencies Thummulla Handiya, Home Lands Group’s iconic flagship development in the Colombo city, is well on track driven by Home Lands’ unwavering commitment to delivering projects on time. D P Jayasinghe Piling Company (Pvt) Ltd and Sanken Construction’s San Piling (Pvt) Ltd; were chosen by Home Lands to carry out piling work of this mega Colombo city-based development in conformity with the highest standards. High qual

EU biz roundtable highlights Sri Lanka’s role as a regional maritime and logistics hub

The Delegation of the European Union to Sri Lanka, together with the Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka), hosted the EU–Sri Lanka Business Roundtable under the theme “Global Gateway and Sri Lanka’s Role as a Regional Maritime & Logistics Hub” on 27 May at the Hilton Colombo Residences.

Sunshine Holdings delivers 11.2% topline growth in FY26

Diversified Sri Lankan conglomerate Sunshine Holdings PLC recorded consolidated revenue of Rs. 65.9 billion for the year ended 31 March 2026 (FY26), reflecting an 11.2 percent year-on-year (YoY) increase.

Laugfs leaders recognised at 45 Under 45 CEO Forum Awards

Laugfs Holdings continues to strengthen its reputation as a future-focused and dynamic conglomerate by empowering visionary leadership and nurturing young talent capable of driving transformational growth across industries.

LOLC Finance reinforces market leadership with strong growth, earnings quality and capital resilience

LOLC Finance PLC, the flagship finance company of the LOLC Group delivered a strong financial performance for the year ended 31 March 2026, supported by robust lending growth, stronger recurring income, improved asset quality and a capital position that remained comfortably above regulatory requirements.

Pink Eagle consolidates leadership in diversified services and global expansion

Pink Eagle Holdings (Pvt) Ltd, a modern investment holding company, has stepped into the spotlight. Established in recent years and rooted in Sri Lankan heritage, the organisation has rapidly grown from a single founding idea and evolved into a diversified ecosystem including tea exports, logistics, warehousing, food production, and hospitality.

Urgent reforms vital to secure new GSP Plus scheme - EU Ambassador

With the European Union transitioning to a new regulatory framework, urgent calls for structural reforms are echoing across Sri Lanka to secure a successful transition to the newly revised generalised scheme of preferences (GSP) Plus facility - a lifeline critical for the survival and growth of the island’s export sector.

External pressures push current account into deficit amid Middle East conflict

Sri Lanka’s external sector faced severe renewed pressures in April 2026, with the current account slipping into a deficit of US$ 532 million, largely driven by the escalating conflict in the Middle East.

Construction sector shrinks in April as rising raw material costs threaten project timelines

The construction sector in Sri Lanka experienced a sharp contraction in April 2026, with the Purchasing Managers’ Index (PMI) for Construction, measured by the Total Activity Index, plunging to 45.7 from the 57.1 recorded in March.

Amor Developers receives top honour at German-Sri Lanka Startup Awards 2026

Amor Developers secured the top spot at the German-Sri Lanka Startup Awards 2026, held as part of the Sri Lankan-German Business Forum 2026.

LOLC Group delivers strong operating growth as diversified platform gains further scale

LOLC Holdings PLC reported its financial results for the fiscal year ended March 31, 2026, indicating an expansion in core operating profitability and a scaling of its diversified business model.

Inflation hits 13-month high as supply shocks disrupt price stability

The consumer inflation measured by Colombo Consumer Price Index (CCPI) continued its upward trajectory in May 2026, reaching a 13-month high and remaining above Central Bank’s medium-term target.

FTZMA meets BOI Chairman and DG

The Free Trade Zone Manufacturers Association (FTZMA) Executive Committee members, led by Chairman Dhammika Fernando, met Board of Investment (BOI) Chairman Dr. Sulakshana Jayawardena and Director General Renuka Weerakoon, to discuss several urgent matters affecting the BOI enterprises and export-oriented manufacturers.

eMarketingEye launches Sri Lanka’s first AI visibility study for hotels

eMarketingEye, a leading hospitality digital marketing agency, has launched Sri Lanka’s first AI visibility study for hotels, offering groundbreaking insights into how the hotels in Sri Lanka appear across leading AI platforms (LLMs) such as ChatGPT, Gemini and Perplexity.

Asia debt policymakers meet in Colombo as climate risks deepen fiscal pressures

Senior public debt officials, central bankers and multilateral institutions from across Asia and the Pacific convened in Colombo last week to examine how the rising climate risks, elevated debt burdens and global economic uncertainty are reshaping the fiscal management priorities across the emerging economies.

ComBank pioneers state-of-the-art 3DS authentication for UnionPay cardholders

Commercial Bank of Ceylon has further strengthened the security and convenience of online payments for its UnionPay cardholders by becoming the pioneering financial institution in Sri Lanka and the wider South Asian region to introduce advanced 3-D Secure (3DS 2.x) authentication for UnionPay e-commerce transactions.

First Capital records Rs. 2.10bn PAT and core earnings of Rs. 6.59bn

First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) delivered a steady performance during FY2025/26, recording a Profit after Tax of Rs. 2.10 billion for the year ended 31 March 2026.

‘SmartChat Mega - Kandy’ accelerates SME digital transformation

Showcasing an expansive range of tailored digital and AI-driven business solutions, SLT-Mobitel Enterprise successfully hosted SmartChat Mega – Kandy at Oak Ray Regency recently.

Seylan Bank partners with Hayleys Fentons to power EV ownership with leasing solutions

Seylan Bank PLC has entered a strategic partnership with Hayleys Fentons Limited to introduce a dedicated leasing facility for customers purchasing electric vehicles (EVs), reinforcing the Bank’s commitment to promoting sustainable transport and green mobility solutions in Sri Lanka.