SDB bank-Hayleys Mobility advance sustainable mobility and private vehicle leasing

SDB bank has entered into a strategic partnership with Hayleys Mobility Limited through the signing of a memorandum of understanding (MoU), reinforcing the bank’s commitment to expanding access to structured mobility financing while advancing its broader sustainability banking agenda.

Melwa in US $ 57.6mn PCC ultra-luxury waterfront residential project with Prime

In a major investment that reflects the growing confidence in Sri Lanka’s long-term economic direction, Melwa Conglomerate and Prime Lands have acquired a prestigious marina-front land parcel at Port City Colombo (PCC) for the development of a US $ 57.6 million ultra-luxury waterfront residential project.

Sampath Bank unveils ‘Mastercard Business Credit Card’ to power SME growth

Reinforcing its commitment to Sri Lanka’s business community, Sampath Bank has introduced the Mastercard Business Credit Card, a dedicated solution designed to support the financial and operational needs of Small and Medium Enterprises (SMEs).

Dr. Binod Chaudhary shares valuable insights at SLID CEO Forum

Dr. Binod Chaudhary, Chairman of CG Corp Global and Nepal’s billionaire, shared profound insights on navigating the complexities of global business leadership at Chairman & CEO Forum, organized by the Sri Lanka Institute of Directors (SLID) together with Union Bank and Port City.

NDB Investment Bank strengthens leadership with three senior appointments

NDB Investment Bank Ltd. (NDBIB), continued to strengthen its leadership team through the new appointments of Kaushini Laksumanage as the Deputy Chief Executive Officer,

Prima KottuMee Hot ‘N’ Spicy Kricket Promotion Concludes with Big Wins

Launched alongside the T20 Cricket World Cup, the Hot ‘N’ Spicy Kricket Promotion campaign brought together the excitement of cricket and the spirit of Prima KottuMee, creating a truly engaging experience for the brand’s consumers, and has now officially concluded on a high note.

Cambridge Linguaskill launched across all 12 CSE Academy branches nationwide

The Colombo Stock Exchange (CSE) and Cambridge University Press & Assessment officially partnered, making CSE Academy an authorised examination centre for Linguaskill by Cambridge recently on 30 April, bringing the English proficiency test designed for academics and professionals to CSE’s 12 branches leveraging the exchanges’ presence in all provinces in the country.

Tony Pellé crafts over 6,500 custom leather pieces for Cinnamon Life

Tony Pellé, Sri Lanka’s exclusive men’s leather footwear brand, has delivered over 6,500 custom-designed leather products for staff at Cinnamon Life, marking a major milestone in the brand’s ongoing collaboration with one of the country’s most prestigious hospitality developments.

Hilton Colombo brings Seoulful Flavors to Graze Kitchen

Hilton Colombo presents ‘Seoulful Flavors at Graze,’ a 10-day culinary showcase at Graze Kitchen, celebrating the richness and diversity of South Korean cuisine.

Atlas makes learning the perfect New Year Gift for young minds

Atlas Axillia Co. (Pvt) Ltd. announced the launch of its specially curated limited edition “Aluth Avurudu Gift Packs” in celebration of the Sinhala and Tamil New Year, offering a meaningful and educational gifting option for children across Sri Lanka.

FPA Sri Lanka launches digital donation platform to support reproductive health and rights

The Family Planning Association of Sri Lanka (FPASL) is proud to announce the launch of its dedicated online donation platform: https://donation.fpasrilanka.org/.

ACHE-Seneca Polytechnic collaboration makes Canadian degrees more affordable for SL students

The American College of Higher Education in Dehiwala has officially partnered with Seneca Polytechnic in Toronto, Canada, to offer affordable and globally recognized higher education opportunities to Sri Lankan students. Formalized through a Memorandum of Understanding, this landmark international education partnership introduces an innovative undergraduate degree transfer pathway in the fields of business administration and computer science.

Aitken Spence Elevators and CINEC empower next generation of experts

Aitken Spence Elevators, in collaboration with CINEC Campus, recently held the Certificate Awarding Ceremony for the latest batch of trainees of the Elevator Serviceman Course at the Elevator Training Centre (ETC).

Ceylinco Life gifts medical gas pipeline system to Kalutara Teaching Hospital

Ceylinco Life has reinforced its long-standing commitment to Sri Lanka’s public healthcare system with the donation of a comprehensive Centralised Medical Gas Pipeline System (MGPS) to the Teaching Hospital Kalutara, enabling a significant advancement in patient safety, surgical capability and hospital infrastructure.

Sri Lanka’s ratification of ILO C 190 - Impact on the SMEs

On April 16, 2026, Sri Lanka formally ratified the International Labour Organization (ILO) Convention No. 190 (C190) on Violence and Harassment, becoming the 55th member state to do so.

Geopolitical concerns weigh on market activity

The previous day’s subdued momentum persisted through yesterday’s trading session.

Week ends on a positive note

The ASPI edged up as a result of price gains in counters such as Dialog Axiata, Hayleys and Commercial Bank with the turnover crossing Rs. 2.8 Bn. Meanwhile, the S&P SL20 closed in green. High net worth and institutional investor participation was noted in Hemas Holdings, Commercial Bank, LOLC Holdings. Mixed interest was observed in Ceylon Printers, Dialog Axiata and Sampath Bank whilst retail interest was noted in Ceylon Land & Equity, LOLC Fin

Higher tea auction volumes drag down prices of key grades

Sri Lanka’s tea market showed signs of strain this week, as a sharp increase in the auction volumes and weaker quality in some categories dragged down the prices for several widely traded teas, even as the demand remained resilient for select premium varieties, Forbes and Walker Tea Brokers said.

Sancharaka Udawa kicks off in Colombo

The tourism sector came under spotlight yesterday, with the launch of ‘Sancharaka Udawa’ in Colombo. The Sri Lanka Inbound Tour Operators Association spearheaded the event.

Kaspersky identifies new SilverFox campaign targeting Indian and Indonesian companies

The APT campaign involved disguising malicious files as documents related to tax violations. Upon infection, the attackers could gain remote access to the affected devices and exfiltrate sensitive organisational data.

NDB board and auditors face derivative action over Rs.13.2bn fraud

​National Development Bank PLC (NDB) has formally announced that a minority shareholder has filed a derivative action against the bank, its board of directors and its external auditors, over a massive internal fraud.

SL rubber industry’s 150-year milestone overshadowed by steep output decline

Early rally fades as profit-taking pulls market to a flat close

The Colombo Stock Exchange commenced today’s session on a positive note, supported by encouraging quarterly earnings released by several listed companies, which helped boost investor sentiment and push the indices higher during early trading. The ASPI gained over 78 points during the session as buying interest emerged across selected counters.

Hoteliers warn proposed Tourism Act will trigger severe red tape and two-year industry stagnation

The formal hospitality sector has strongly pushed back against the government’s proposed new Tourism Act, warning that repealing the existing legislation will strangle the industry with fresh layers of bureaucracy and trigger a crippling two-year period of legislative stagnation.

Sri Lanka proposes tougher action against tax defaulters

Sri Lanka is set to strengthen enforcement of its tax laws through proposed amendments that would allow authorities to prosecute taxpayers who fail to register, file returns or respond to official notices, tax experts said.

Cargills Bank reports weaker March quarter as other income slumps

Cargills Bank PLC reported a significant drop in quarterly earnings for the three months ended March 2026, as a steep decline in investment-related income offset stronger core banking performance driven by loan growth and wider interest margins.

HNB March quarter profit weighed by higher provisions, trading losses

Hatton National Bank PLC provided substantially higher provisions for possible loan losses in the three months ended in March 2026 due to fears of the deteriorating economic conditions from the Iran war fallout that could weaken their borrower profiles.

FITIS re-elects Dr. Dayan Rajapakse as Chairman

The Federation of Information Technology Industry Sri Lanka (FITIS) successfully concluded its Annual General Meeting recently, reaffirming its commitment to driving the nation’s technological advancement.

Sysco reports strong 3Q FY2026 results

Sysco Corporation has reported strong financial results for the third quarter of fiscal year 2026, recording total sales of US $ 20.5 billion for the 13 weeks ended March 28, 2026, reflecting a 4.7 percent increase year-on-year (YoY).

CMA launches Sri Lanka Cost Accounting Standards

The Institute of Certified Management Accountants of Sri Lanka (CMA Sri Lanka) is set to mark a significant milestone in the country’s professional and economic landscape with the official launch of the Cost Accounting Standards of Sri Lanka.