LOLC Holdings-PickMe-Browns EV to accelerate SL’s transition to inclusive electric mobility

LOLC Holdings PLC has entered into a strategic mobility collaboration with PickMe, to accelerate the adoption of electric vehicles (EVs) while creating an inclusive and sustainable vehicle ownership pathway for independent ride-hailing drivers across the country.

LB Finance PAT up 24% to Rs. 8.9bn

LB Finance PLC for the nine months ended 31 December 2025 recorded a 24 percent year-on-year increase in Profit After Tax (PAT) to Rs. 8.93 billion, underpinned by sustained income growth and a sound financial position. The company’s total assets increased to Rs. 349.4 billion as at 31 December 2025. On a consolidated basis, the Group reported a Profit After Tax of Rs. 9.04 billion, with total Group assets crossing Rs. 369 billion, driven by the

HIP initiates Sri Lanka’s first fully automated paperless port gate pass

Hambantota International Port (HIP) has launched its Automated Gate Pass Management System (AGPMS), becoming the first port in Sri Lanka to introduce a fully automated, QR-code-based, paperless gate pass solution. The initiative marks a major step forward in HIP’s digital transformation, strengthening efficiency, security, and access control across port operations.

Anilana Hotels hunts for strategic investor amidst ‘serious loss of capital’ and boardroom wars

Anilana Hotels and Properties PLC is urgently scouting for a new strategic investor to infuse fresh capital and restart its dormant operations, as the hospitality group battles a deepening financial crisis and the fallout from a bitter boardroom power struggle allegedly triggered by unauthorised asset disposals.

Indices close on a mixed note

The ASPI edged up as a result of price gains in counters such as Hatton National Bank, DFCC Bank and United Motors Lanka with the turnover crossing Rs. 8.3 bn.

The North Star Strategy: How Commercial Bank is Defining the Digital Future of Sri Lanka

In a financial landscape where speed is currency and convenience is king, Commercial Bank has quietly orchestrated one of the most radical digital transformations in the region. We sat down with the Chief Information Officer to look under the hood of this digital engine. This isn’t just about updating software; it’s about upgrading the entire banking DNA of Sri Lanka to serve a future that is already here.

Secondary market sees mixed activity amid moderate volumes

The secondary market yesterday depicted moderate volumes with mixed activity, whereas the yields broadly held steady.

FRELLA launches world-class wellness products locally with Baurs & Co.

FRELLA, Sri Lankan-born and internationally-respected natural beauty and wellness brand, is setting the stage to expand operations by entering the Sri Lankan retail market.

CBL Group acquires Indonesian coconut company TJT

CBL Group, one of Sri Lanka’s largest diversified food manufacturing conglomerates, announced the strategic acquisition of PT Tri Jaya Tangguh Indonesia (TJT), a large coconut processing facility, with an investment of over US $ 25 million.

CIM appoints new committee to elevate marketing capability in Sri Lanka

The Chartered Institute of Marketing (CIM) announced the appointment of the CIM Sri Lanka Professional Member Support Committee (SLPMSC).

CSE donates Rs.25mn to post-Ditwah Rebuilding Sri Lanka Fund

The Colombo Stock Exchange (CSE) recently made a significant donation of Rs.25 million to support the Rebuilding Sri Lanka Fund, in support of post-Cyclone Ditwah reconstruction.

Regen Renewables powers Jay Jay Mills Lanka with multi-location solar project

Regen Renewables has successfully delivered a 5,476 kWp multi-location industrial solar installation for Jay Jay Mills Lanka (Pvt.) Ltd, representing a major milestone in the company’s renewable energy journey.

Inflation rises in December as food prices push costs higher

Inflation showed a modest uptick in December 2025, as the National Consumer Price Index rose to 210.5, marking a 1.57 percent increase from November, the Census and Statistics Department reported.

SL sees 360,000 vehicles registered in first year after five-year hiatus

Sri Lanka had 48,525 vehicles registered in December 2025, up from 43,810 units in November, reflecting an year-end pop in the numbers, bringing the full-year vehicles registered to 360,117, in its first year of reopening imports after a five-year hiatus.

Short-term ROI no longer enough for banks, says CB Governor

Sri Lanka’s banks must rethink how they deploy capital, moving beyond a narrow focus on immediate financial returns to a “return on learning” approach that prioritises experimentation, data capability and long-term resilience, Central Bank Governor Dr. Nandalal Weerasinghe said, as climate risks and digital disruption increasingly shape financial sustainability.

Loss of nearly Rs.2bn due to CEB’s renewable energy curtailments, industry warns

The Ceylon Electricity Board’s (CEB) arbitrary curtailment of power generation in the local renewable energy plants is causing a loss of almost Rs.2 billion, the Grid Connected Solar Power Association (GCSPA) said yesterday.

Sunshine Holdings signs deal to take 75% of Joint Agri Products

Sunshine Holdings PLC yesterday announced its intention to acquire a 75 percent stake in Joint Agri Products Ceylon (Private) Limited (JAPC), a leading export-oriented company, subject to the conditions in the Share Purchase Agreement signed on January 21, 2026.

Indices close in green

The ASPI closed in green as a result of price gains in counters such as Hayleys, Colombo Dockyard and Sampath Bank with the turnover crossing Rs. 9.8 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Hatton National Bank, Renuka Foods and Central Finance Company. Mixed interest was observed in Colombo Dockyard, Hayleys and ACL Cables whilst retail interest was noted in Lank

Writer Business Services commences operations in Sri Lanka

Writer Corporation, one of India’s leading business groups, announced the launch of its subsidiary, Writer Business Services Pvt. Ltd., and the commencement of its operations in Sri Lanka. The expansion reflects Sri Lanka’s strategic importance in Writer’s regional growth plans and its role in supporting a highly regulated digital and financial services market which is currently undergoing digital transformation.

Dialog Enterprise and NCE to drive digital transformation of Sri Lankan exporters

Dialog Enterprise, the corporate ICT solutions arm of Dialog Axiata PLC, together with the National Chamber of Exporters of Sri Lanka (NCE), recently hosted “From Sri Lanka to the World – Digital Marketing Strategies for Export Growth,” a knowledge-sharing seminar focused on strengthening the digital capabilities of Sri Lankan exporters.

Secondary market volumes hold steady whilst buying sentiment prevails

The secondary market continued to witness buying interest yesterday, while the overall activity remained steady at moderate levels.

Varun Beverages drives PET circularity through recycling partnerships

Varun Beverages Lanka (Pvt) Ltd has forged strategic alliances with Cleantech Pvt Ltd Recyclers and Neptune Recyclers to strengthen Sri Lanka’s PET plastic recycling ecosystem and advance large-scale circularity across the country.

Evolution Auto leads with widest, most diverse EV portfolio for 2026

Evolution Auto reaffirmed its position at the forefront of the country’s electric vehicle (EV) transition, announcing that it is fully geared for 2026 with the widest and most diverse electric vehicle portfolio available in the Sri Lankan market.

HNB launches ‘Nana Savi Mehewara’ to support children affected by cyclone

HNB PLC has launched ‘Nana Savi Mehewara’, a nationwide initiative to support the educational needs of children affected by Cyclone Ditwah.

Sri Lanka - Germany Business Council holds 26th Annual General Meeting

The 26th Annual General Meeting (AGM) of the Sri Lanka–Germany Business Council (SLGBC) took place at Hilton Colombo Residences recently.

Megakem launches ‘Megaproof Hi-Build’

Megakem Engineering (Pvt) Ltd., a subsidiary of Wardena Venture Holdings, recently unveiled ‘Megaproof Hi-Build’, a new high-build elastomeric waterproofing coating, at a formal launch event held at the Bandaranaike Memorial International Conference Hall (BMICH) on January 8.

NTB secures up to US $ 70mn IFC debt financing package

Becomes first bank in Sri Lanka to secure post-crisis multilateral debt funding through IFC

Softlogic Life secures US $ 15mn from Norfund and OP Finnfund

Sets up growth roadmap with long-term capital from Norfund and OP Finnfund Global Impact Fund I Sri Lanka’s top-notch insurer Softlogic Life Insurance PLC has secured a US $ 15 million landmark five-year Tier 2 loan facility from Norfund and OP Finnfund Global Impact Fund I.

Fairway Holdings launches 7th luxury apartment project ‘Fairway Latitude’

Condominium developer Fairway Holdings celebrated the launch of its 7th apartment project, Fairway Latitude, on January 20 at Cinnamon Life.

Home Lands rewards high performers with brand new vehicles

Real estate developer Home Lands has always believed that its greatest strength lies in its people. The dedication, passion, and commitment of the Home Lands team are what drive the company forward, and this year too, the organization celebrated those who consistently go above and beyond.