AIA secures top honours at CLA Great Manager Awards 2025

AIA Insurance Lanka has once again established its position as an organisation that places people and leadership at the heart of its success by securing top honours at CLA Great Manager Awards 2025, presented by the Colombo Leadership Academy (CLA).

Smart Quest marks 20 years of transforming Sri Lanka’s leaders

As the world marks ICF International Coaching Week 2026, Smart Quest Coaching & Consulting (Pvt.) Ltd is celebrating 20 years of contribution to leadership development, professional coaching and organisational capability building in Sri Lanka.

Vidullanka acquires 49% stake in Storex to expand into BESS sector

Vidullanka has entered Sri Lanka’s emerging battery energy storage systems (BESS) sector through a strategic investment in Storex (Pvt.) Limited, committing around Rs.2 billion for a 49 percent equity stake in the company.

THASL under new leadership unveils excellence awards, digital benchmarks, upcoming conference to propel tourism to US $ 10bn

The Tourist Hotels Association of Sri Lanka (THASL) has unveiled a multi-pronged strategic roadmap designed to elevate service standards, aggressively digitise the local hospitality landscape and convene global stakeholders.

Janashakthi Life records 42% GWP growth to Rs.2.6bn

Janashakthi Life commenced the financial year 2026 on a strong footing, delivering robust results across key financial and operational indicators for the quarter ended.

FinTech World Cup Regional Competition India’s RealX and Sri Lanka’s NanoSoft Global named as joint winners

The Fintech Association of Sri Lanka has announced that RealX and NanoSoft Global have emerged as the joint winners of the FinTech World Cup – Regional Competition, following the current round of international jury evaluations conducted after the competition held at Port

WSO2 founder and CEO Dr. Sanjiva Weerawarana to step down as CEO

WSO2 yesterday announced that its founder and CEO Dr. Sanjiva Weerawarana will step down from his role as CEO, with effect from June 2026.

Central Bank with Australia to boost MSMEs’ digital financial literacy

The Central Bank of Sri Lanka (CBSL) has signed a memorandum of understanding (MoU) with Australia’s Skills for an Inclusive Economy Programme on a pilot initiative to improve digital financial literacy for micro, small and medium enterprises (MSMEs), a critical driver of Sri

Indices edge down

Indices edged down as a result of price losses in counters such as Dialog Axiata, Hemas Holdings and Hatton National Bank with the turnover crossing Rs. 2.6bn.

Low participation keeps market activity subdued

The secondary market yield curve yesterday experienced low trading volumes and subdued activity amidst low investor participation.

ComBank reports solid March quarter performance

Commercial Bank of Ceylon PLC reported some stellar performance in the March quarter amid certain macro-economic uncertainties towards the latter part of the quarter caused by the war in Iran.

Early gains fade as market ends slightly lower in choppy session

The Colombo Stock Exchange witnessed a volatile session today, where early optimism quickly faded into mild selling pressure by the close. The market opened on a positive note, with the ASPI rising by 66 points within the first 15 minutes of trading, supported by active participation and turnover exceeding LKR 400 Mn during the early session.

Kist & Knuckles initiate plastic collection initiative on Southern Expressway

As part of its continued commitment to environmental sustainability and responsible business practices, Cargills Food and Beverage Ltd through its brands Kist and Knuckles, has initiated a new plastic waste management project on Sri Lanka’s Southern Expressway, deploying four plastic collection bins at the Welipenna Service Area to address the growing issue of plastic waste generated by travellers.

Mahogany Masterpieces launches new digital flagship

Mahogany Masterpieces (Pvt) Ltd, Sri Lanka’s pre-eminent luxury solid wood furniture house and turnkey interior solutions provider, has announced the launch of its new digital flagship at www.mahogany.lk, alongside the introduction of what the company believes to be the most sophisticated AI Concierge deployed by any luxury brand in Sri Lanka.

Ticking Boxes, Missing Risks: The compliance Illusion in Sri Lankan banks

Sri Lanka’s banking sector is not short of regulations. Banks operate under the close supervision of the Central Bank of Sri Lanka, with extensive frameworks governing risk management, corporate governance, and compliance.

Prime Melwa unveils world class marina living at Port City Colombo

Prime Melwa Port City (Pvt) Ltd signed the Sales and Purchase Agreement (SPA) with CHEC Port City Colombo (Pvt) Limited on 12 May 2026, marking a historic milestone in the realization of one of the most prestigious upcoming marina and waterfront developments at Port City Colombo.

Kedella Enterprises warns public against fake housing firms using its name

Kedella Enterprises Private Limited warned the public against fraudulent housing construction firms allegedly operating under names similar to its brand, stating that the company operates only from its main office in Alhena, Maharagama and has no branches or affiliated offices elsewhere in the country.

Nüwa at City of Dreams celebrates 5-Star recognition

Nüwa at City of Dreams Sri Lanka, the luxury flagship hotel within South Asia’s first fully integrated luxury resort, marked a significant milestone with a special press conference and celebration honouring its 5-Star recognition, further reinforcing its position as one of the leading luxury hospitality destinations in the region.

HNB General Insurance primed for strategic growth in FY2026

HNB General Insurance (HNBGI) enters Financial Year 2026 (FY2026) with a revitalized strategic roadmap, following its landmark achievement of reaching a Gross Written Premium (GWP) of Rs. 11 billion in 2025. The company has mobilized a strengthened and digitally-empowered sales force, specifically engineered to capture emerging market opportunities and translate technical innovation into sustainable, long-term growth in an increasingly dynamic e

EDB and Janathakshan GTE sign MoU to strengthen biodiversity-friendly agri-export value chains

The Sri Lanka Export Development Board (EDB) and Janathakshan GTE Ltd., the lead implementing partner of the GEF-07 Project, has signed a Memorandum of Understanding (MoU), formalising a strategic collaboration related to biodiversity conservation, sustainable land management, and climate-resilient livelihoods.

Secondary market trades thin with yields largely unmoved

The secondary market saw subdued activity ahead of the T-bill auction yesterday, resulting in the overall yield curve remaining broadly unchanged.

Indices close in red

The ASPI closed in red as a result of price losses in counters such as Melstacorp, Bukit Darah and National Development Bank with the turnover crossing Rs. 2.8 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in John Keells Holdings, LOLC Holdings and Lanka Milk Foods. Mixed interest was observed in Hatton National Bank, Agstar and Prime Lands Residencies whilst retail intere

CTC declares Rs.34 first interim dividend for March quarter

Ceylon Tobacco Company PLC (CTC) has declared a first interim dividend of Rs.34 per share for the three months ended March 31, 2026, according to a filing with the Colombo Stock Exchange.

Sampath Bank quarterly profit pressured by prudential provisions

Substantially higher provisions made against the possible loan losses dented the profits at Sampath Bank PLC, as the bank made additional precautions against the weakening macroeconomic conditions and its fallout on the borrowers’ ability to repay but the bank grew its loan book at a robust pace in the first three months.

Climate change emerging as new face of poverty in Sri Lanka: CEPA

Sri Lanka’s poverty challenge is evolving beyond income deprivation, with climate change and environmental vulnerabilities emerging as new drivers of economic hardship, Senior Economist and Centre for Poverty Analysis (CEPA) Executive Director Prof. Sirimal Abeyratne said.

Hotels lobby for crackdown on unregistered listings on global booking platforms

The Tourist Hotels Association of Sri Lanka (THASL) has called on the government to introduce a simple legislative amendment mandating the global online travel agencies, including Booking.com, Agoda and Expedia, to exclusively list the accommodations registered with the Sri Lanka Tourism Development Authority (SLTDA).

Cartoon of the Day 14-05-2026

Banking earnings weigh on market as investor sentiment turns cautious

The Colombo Stock Exchange ended today’s session on a negative note, as weaker-than-expected Banking sector earnings for the quarter dampened overall investor sentiment. Declines in both QoQ and YoY performances across several banking counters triggered selling pressure during the first hour of trading, pushing the ASPI down by over 100 points intraday before the market gradually stabilized.

Hoteliers urge minimum US$ 50mn annual marketing spend to hit 2030 targets

The Tourist Hotels Association of Sri Lanka (THASL) is calling for a consistent, minimum annual marketing investment of US$ 50 million to steer the industry toward its ambitious target of 5 million arrivals and US$ 10 billion in income by 2030.

Inland Revenue Bill introduces criminal penalties for tax procedural failures

A proposed amendment to the Inland Revenue Act is set to introduce strict criminal penalties for taxpayers who fail to meet key procedural requirements, marking a significant shift in enforcement.