HNB-PRIME EV accelerate Sri Lanka’s shift to DEEPAL vehicles

HNB PLC announced a partnership with PRIME EV Automobiles (Pvt.) Ltd, a subsidiary of Senok Trade Combine (Pvt.) Ltd, to expand access to DEEPAL brand electric vehicles in Sri Lanka.

Asoka Hettigoda elected THASL President

Asoka Hettigoda, Chairman of the Hettigoda Group of Companies, was unanimously elected as the President of The Hotels Association of Sri Lanka (THASL) at the Association’s Annual General Meeting for 2025, held at Cinnamon Life – City of Dreams.

DMASL reviews performance; unveils strategic roadmap for 2026

The Digital Marketing Association of Sri Lanka (DMASL) reviewed its annual performance and unveiled its Strategic Roadmap for 2026 following its Annual General Meeting (AGM) 2025, held on 10th December at the Radisson Hotel, Colombo. The AGM presented a comprehensive review of the Association’s activities during the year, along with the audited financial statements, which confirmed that DMASL recorded its strongest financial performance to date.

ComBank partners with Overseas Realty to offer home loans for Mireka Seascape buyers

Commercial Bank of Ceylon has signed a Memorandum of Understanding (MoU) with Overseas Realty (Ceylon) PLC, to provide tailor-made home loan facilities for buyers of condominium units at Mireka Seascape, the company’s latest development.

Evolution Auto launches Riddara RD6 Active

Evolution Auto officially announced the launch of the Riddara RD6 Active, the country’s latest all-electric double-cab pickup, which was unveiled at the BMICH Motor Show.

Janashakthi Finance appoints Sithambaram Sri Ganendran as CEO

Janashakthi Finance PLC, formerly known as Orient Finance PLC and a subsidiary of JXG (Janashakthi Group), announced the appointment of Sithambaram Sri Ganendran as the Chief Executive Officer.

Home Lands crowned ‘Best Developer Sri Lanka’ for third consecutive year

Home Lands has once again solidified its position as Sri Lanka’s number one real estate developer, achieving a historic milestone at the PropertyGuru Asia Property Awards 2025, held in Bangkok, Thailand on December 12. The company was crowned “Best Developer, Sri Lanka” for the third consecutive year, reaffirming its unmatched leadership in the nation’s real estate sector. Adding to the prestige, Home Lands was also honoured with the highly cove

Suwanda Industries recertified as ZeroCarbon Manufacturer for 2025

Suwanda Industries, known globally under the brand name Cycle Pure Incense, announced its recertification as a ZeroCarbon Manufacturer for 2025. This marks another significant milestone in the company’s ongoing journey of environmental responsibility and purpose-driven business.

KOKO unlocks flexible payment options for Softlogic Retail and Restaurant

Continuing its mission of empowering customers with financial freedom, KOKO, Sri Lanka’s Buy Now, Pay Later Platform (BNPL) added Softlogic Holdings PLC, one of the country’s largest conglomerates to its portfolio. A move that will bring a new level of affordability and convenience to consumers across Softlogic’s retail and restaurant brands.

Aberdeen Holdings honoured at Presidential Environment Awards

Aberdeen Holdings, a diversified conglomerate operating across seven industries in Sri Lanka, continues to demonstrate its commitment to sustainability and responsible business practices across all its subsidiaries. This dedication was recognized at the 11th Annual Presidential Environment Awards 2025, held on October 23 at BMICH under the patronage of President Anura Kumara Dissanayake.

Laugfs Rubber clinches Silver at NCPC Awards 2025

Laugfs Rubber has been recognised with the Silver Award in the Rubber Industry sector under the large category at the National Cleaner Production Awards (NCPC) 2025, which stands as the highest recognition awarded within the sector this year.

Construction sector momentum continues with 12.2% growth in 3Q

The Sri Lankan construction sector recorded a robust double-digit growth of 12.2 percent in the third quarter of 2025, maintaining its recovery momentum and catalysing broader activity across the real estate and professional services sectors.

IRD records highest-ever revenue, surpasses 2025 target

The Inland Revenue Department (IRD) has generated additional tax revenue of Rs. 50 billion, surpassing its 2025 revenue target of Rs. 2,195 billion, and recording the highest revenue performance in its recent history.

PMI signals continued expansion in manufacturing & services activities through November 

The Purchasing Managers’ Indices (PMI) for manufacturing and services activities showed that economic activities had stood strong, continuing to expand despite some softening in services activities, reflecting the impact of the adverse weather conditions toward the end of the month.

Sri Lanka to co-host ADB’s 2026 Asian Regional Debt Management Conference

Sri Lanka is to co-host the 2026 Asian Regional Debt Management Conference, following Cabinet approval of a proposal presented by President Anura Kumara Dissanayake in his capacity as Minister of Finance, Planning and Economic Development.

Wealth Trust Securities IPO opens today

The Initial Public Offering (IPO) of Wealth Trust Securities Limited (WTS) opens today, inviting the public to subscribe for 71,548,244 Ordinary Voting Shares at an Issue Price of Rs. 7.00 per share.

Indices close in green

The ASPI closed in green as a result of price gains in counters such as Colombo Dockyard, Commercial Bank and Sampath Bank with the turnover crossing Rs. 2.8 bn.

Yield curve steady amid mixed trading sentiment

The secondary market yield curve remained unchanged yesterday, reflecting mixed sentiment and mixed trading activity.

Countdown to FACETS 2026

Sri Lanka is gearing up to host the first international gem and jewellery exhibition of the year as FACETS Sri Lanka 2026 opens on January 3.

CBC Finance lists on Colombo Stock Exchange

CBC Finance Ltd, a subsidiary of Commercial Bank of Ceylon PLC, commemorated its listing on the Colombo Stock Exchange (CSE) by way of the issuance of Rs.1.5 billion worth of debentures by the ceremonial ringing of the market opening bell on the CSE trading floor.

NDB with Toyota Lanka strengthens mobility solutions in Sri Lanka

National Development Bank PLC (NDB) has entered into a landmark memorandum of understanding (MoU) with Toyota Lanka, reinforcing the bank’s commitment to offering customers convenient, flexible and affordable leasing solutions for some of the world’s most trusted vehicles.

World Bank urges shift to renewables to cut South Asia’s energy vulnerability

A shift toward more decentralised renewable energy production would improve South Asia’s energy security, make access to electricity more reliable and reduce air pollution, the World Bank’s most recent South Asia Development Update revealed.

Siyapatha Finance opens 60th branch in Warakapola

Siyapatha Finance PLC successfully opened the doors of its 60th branch in the bustling city of Warakapola, improving accessibility for reliable financial solutions to the local community while strengthening the company’s islandwide branch network.

Singer wins Retail Sector Award at Best Corporate Citizen Sustainability Awards 2025

Singer (Sri Lanka) PLC has once again reinforced its leadership in sustainable business practices by winning the Retail Sector Award at Best Corporate Citizen Sustainability Awards 2025.

Macksons Holdings donates Rs.15mn to Rebuilding Sri Lanka Fund

Macksons Holdings made a generous contribution of Rs.15 million to the government’s Rebuilding Sri Lanka Fund, established to provide relief and support to the communities affected by Cyclone Ditwah.

Lion Brewery reaffirms commitment to flood resilience and community support in Biyagama

Lion Brewery (Ceylon) PLC (Lion) reaffirmed its commitment to strengthening community partnerships through its flood response efforts and ongoing work to build long-term flood resilience and community support in Biyagama, home to the company’s core operations.

CHEC South Asia and Southeast Asia completes emergency clearing of A5 highway

China Harbour Engineering Company Ltd South Asia and Southeast Asia, working in close coordination with the Sri Lanka Army, Road Development Authority, local authorities and surrounding communities,

Sriyani Dress Point donates Rs.20mn and deploys aid for Cyclone Ditwah victims

Sriyani Dress Point, one of Sri Lanka’s leading fashion retail chains, has stepped forward as a responsible corporate citizen by donating Rs.20 million to the government’s Rebuilding Sri Lanka Fund while simultaneously activating comprehensive ground-level relief operations for the communities devastated by Cyclone Ditwah.

Colombo Gateway One announced as future landmark shaping Port City Colombo’s skyline

Canary Wharf Holdings Pte Ltd, based in Singapore, marked a major milestone recently with the successful announcement event of Colombo Gateway One to be developed within Port City Colombo, an extension of Colombo’s existing Central Business District.

Industry Disaster Support Centre records over 18,000 inquiries

The Industry Disaster Support Centre (IDSC) has recorded more than 18,000 inquiries from the affected enterprises in the aftermath of Cyclone Ditwah, highlighting the extensive disruption caused to the country’s industrial sector, particularly manufacturing.