TRIZEN welcomes Tea Avenue café on-site

Adding another dimension to this resident-focused experience, TRIZEN has unveiled Tea Avenue Daily Brew, brought to life in collaboration with Tea Avenue.

Cabinet approves tenders for 160 MW/640 MWh national battery storage project

In a significant step towards strengthening the country’s electricity system, Cabinet this week approved awarding tenders for the installation of a 160 MW/640 MWh battery energy storage system, Energy Ministry said.

SriLankan Airlines CEO search draws 200 applications

National carrier SriLankan Airlines has received around 200 applications for the post of Chief Executive Officer, Deputy Minister of Ports and Civil Aviation Janitha Ruwan Kodithuwakku told Parliament yesterday.

Cabinet approves Renewable Energy Resources Development Plan 2025–2030

In line with the National Policy on Renewable Energy, the Cabinet has approved the Renewable Energy Resources Development Plan 2025–2030, aimed at meeting 70 percent of Sri Lanka’s national electricity demand from renewable energy sources by 2030 and achieving carbon neutrality by 2050.

Tourist arrivals hit record high in January kicking off 2026 with strong momentum

​Sri Lanka’s tourism industry has recorded a historic start to the new year, with arrivals in January 2026 surging to an all-time monthly high of 277,327 visitors.

Local construction sector urged to move beyond ‘survival mode’

Sri Lanka’s construction industry must move decisively from “survival mode” to “growth mode” and reposition itself as a core driver of the national economy rather than a purely domestic service sector, the newly appointed President of the Chamber of Construction Industry of Sri Lanka (CCI), Vernon Manilal Fernando said.

IRCSL extends Sanasa Life Insurance suspension to March 3

The Insurance Regulatory Commission of Sri Lanka (IRCSL) has once again extended the suspension of the registration granted to Sanasa Life Insurance Company PLC to carry on long-term insurance business.

Crossings boost turnover

The ASPI closed in green as a result of price gains in counters such as Colombo Dockyard, Teejay Lanka and Ceylon Tobacco Company with the turnover crossing Rs. 8.2 bn.

Measured buying persists, volumes improve

Monday’s buying interest persisted through yesterday’s trading session while trading activity and overall volumes showed a marked improvement.

NIBM and Codegen join forces to equip children with future-ready tech skills

The National Institute of Business Management (NIBM), one of Sri Lanka’s premier state higher education institutions, has entered into a strategic memorandum of understanding (MoU) with Codegen International to expand technological education for children.

Pan Asia Bank marks 30 years

For three decades, Pan Asia Bank has steadily grown into one of Sri Lanka’s most trusted and loved financial institutions, building lasting relationships with customers across the nation through its expanding network of branches and digital banking presence.

Union Assurance empowers top performers with Momentum 2026

Union Assurance hosted Momentum 2026 at Cinnamon Grand Colombo, bringing together its high performing advisers and leaders.

SL-Maldives Business Council strengthens community healthcare through CSR initiative

The Sri Lanka-Maldives Business Council (SLMLBC), operating under the aegis of the Ceylon Chamber of Commerce, recently handed over a selection of essential medical equipment to the Divisional Hospital, Anavilundawa, as part of its ongoing corporate social responsibility (CSR) initiatives.

Lanka IOC’s ‘Win with Servo’ promo winners receive Bajaj Pulsars

Lanka IOC PLC successfully concluded its three-month consumer promotion titled ‘Win with Servo’, conducted exclusively for the end users of Servo 4T Xtra motorbike lubricant. The promotion commenced on October 15, 2025 and concluded on January 15, 2026, attracting strong consumer participation from across the island. As part of the promotion, three brand-new Bajaj Pulsar 125 cc motorbikes were offered as grand prizes. The campaign generated stro

Swisstek Aluminium opens Design Studio

Swisstek Aluminium officially opened its new Design Studio at 118A, Nawala Road, Narahenpita, Colombo 05, further strengthening its position as the leading aluminium solutions provider in Sri Lanka.

CBSL cancels PABC primary dealer licence

Pan Asia Banking Corporation PLC (PABC) has announced that the Governing Board of the Central Bank of Sri Lanka (CBSL) has formally cancelled its primary dealer licence, effective from October 23, 2025.

Ceylinco Life concludes Family Savari 19 grand draw

Ceylinco Life, Sri Lanka’s life insurance market leader, has concluded the grand draw of the 19th edition of its iconic Family Savari mega promotion, selecting hundreds of winning families for unforgettable overseas holidays and local leisure experiences, while marking a colourful first with the selection of winners from its Run for Savari game.

Guiding Leadership and Outreach expands impact

The Guiding Leadership and Outreach (GLO) programme, a youth leadership initiative launched in 2024 through a collaboration between the Association of HR Professionals (AHRP) and Global Learning Labs, continues to build momentum as it works toward empowering 1,000 young leaders across Sri Lanka in 2025.

AIA executes ‘Divimagata Piyapath’ next phase

AIA Insurance Lanka recently executed the next phase of its community relief programme ‘AIA Divimagata Piyapath, Senehase Gamana’, mobilising a nationwide effort to provide essential school supplies and stationery for the new academic year to children in communities impacted by Cyclone Ditwah and the widespread landslides and floods that followed.

Advice Lab unveils new 13,000+ sq. ft. office

Advice Lab, a leading provider of financial services BPO solutions to the Australian market, announced the opening of its new 13,000+ square‑foot office in Colombo, one of the most modern and dynamic workspaces in Sri Lanka.

David Pieris Logistics opens first-ever multi-user logistics facility in North

David Pieris Logistics (Private) Limited (formerly D P Logistics (Pvt.) Limited), the logistics arm of David Pieris Group of Companies, officially inaugurated Jaffna’s first-ever purpose-built, multi-user logistics facility, marking a significant milestone in the development of modern logistics infrastructure in Sri Lanka’s Northern province.

First Capital strengthens youth financial literacy

First Capital Holdings PLC continues to strengthen its commitment to building a financially empowered nation.

Government locked into security sticker deal despite counterfeit concerns

The Finance Ministry has confirmed it will honour its agreement with the Indian company supplying the security stickers for the liquor bottles until January 2027, despite the repeated concerns raised by the Committee on Public Accounts (COPA) regarding the widespread circulation of counterfeit stickers.

Commercial Bank plans up to Rs.20bn Tier 2 debenture issue

Commercial Bank announced plans to raise up to Rs.10 billion, with an option to increase the issue to Rs.20 billion, through the issuance of Basel II-compliant Tier 2 listed rated unsecured subordinated redeemable debentures, subject to regulatory and shareholder approvals.

Falling tax-to-GDP ratio reflects deeper structural weaknesses

Sri Lanka’s steadily declining tax-to-GDP ratio is the heart of a much deeper problem in the country, former Indian Chief Economic Advisor Dr. Arvind Subramanian stated at a recent public lecture organised by the Central Bank. Looking at the data on tax collection from emerging countries from the 1990s and 2020s, Dr. Subramanian revealed that in 1990, Sri Lanka was a positive outlier, as it collected more taxes than expected, given its level of

Commercial Bank plans ESOP linked to up to 3% equity stake

Commercial Bank yesterday said its board has resolved to establish an employee share option plan (ESOP) for the 2026-2028 period, under which the employees could be granted options over up to 46.2 million ordinary voting shares.

Galle Face Capital Partners to subdivide shares in 1-for-4 split

Galle Face Capital Partners PLC disclosed it has resolved to subdivide its issued ordinary shares on a one-for-four basis.

Ceylon Land & Equity to raise Rs.4.3bn via rights issue

Ceylon Land & Equity PLC disclosed that its board approved a rights issue to raise about Rs.4.3 billion, as the property and investment firm looks to pare short-term debt and fund new investments.

Indices close in red

The ASPI closed in red as a result of price losses in counters such as Ceylinco Holdings, Colombo Dockyard and Melstacorp with the turnover crossing Rs. 5.1 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Ceylinco Holdings and R I L Property, Cargills. Mixed interest was observed in Colombo Dockyard, Prime Lands Residencies and Galle Face Capital Partners whilst retail in

Secondary market sees mild buying interest in short-end maturities

The week started with slight buying interest towards the short-tenure maturities in the secondary market, although it witnessed thin volumes and limited activities.