Odel scraps plans for luxury apartments at Ward Place mall

Odel PLC has scrapped plans for luxury apartments at its flagship Odel Mall project in Ward Place, pivoting instead to office space as part of a broader remedial strategy to address severe financial headwinds that have seen the retailer placed on the Colombo Stock Exchange’s Watch List.

Secondary market still in post-cyclone slumber

The secondary market opened the week on a rather lethargic footing as the general ambiguity associated with Sri Lanka’s recent natural disaster continued to loom on the horizon

EDB fast-tracks relief to support exporters affected by adverse weather

The Export Development Board (EDB) has launched a rapid relief and recovery programme following the severe impact of adverse weather conditions on Sri Lanka’s export sector.

Seylan Bank partners with CDS to facilitate investment access for non-resident investors

Seylan Bank PLC entered a strategic partnership with the Central Depository Systems (Pvt) Limited (CDS), the wholly owned subsidiary of the Colombo Stock Exchange (CSE), through the signing of a Memorandum of Understanding (MoU) aimed at enhancing investment accessibility for non-resident investors.

InsureMe debuts on CSE Empower Board

InsureMe Insurance Brokers Ltd has completed its Equity Introduction and subsequent listing on the Empower Board of the CSE recently, marking a significant milestone for a local digital-first enterprise.

JXG awarded top honour for Parent-Inclusive Workplace practices

JXG (Janashakthi Group) was recently recognised with the Parent-Inclusive Workplace of the Year 2024/25 Award at the Parent-Inclusive Workplaces Summit 2025.

Sri Lanka–Russia Business Council holds 22nd AGM

The Sri Lanka–Russia Business Council (SLRBC) of The Ceylon Chamber of Commerce held its 22nd Annual General Meeting at the Cinnamon Grand Colombo recently.

Procurement fraud and bribery emerge as APAC’s top risks as AI-driven deception accelerates

Regional analysis shows Asia-Pacific facing a complex blend of digital payment vulnerabilities, super-app fraud risks and cultural barriers to reporting.

DFCC Bank recognised as a ‘People  and  Planet First Supporter’

DFCC Bank has been recognised as a ‘People and Planet First Supporter’, becoming the first Sri Lankan bank to receive this global designation. The recognition, awarded through Good Market Sri Lanka, an official global partner of the People and Planet First initiative, affirms the Bank’s growing role in backing enterprises that place social and environmental value at the core of their work.

People’s Leasing launches island-wide disaster relief initiative

People’s Leasing & Finance PLC (PLC) and its subsidiaries, People’s Insurance PLC, People’s Micro-Commerce LTD (PML), have initiated an immediate, island-wide effort to assist communities severely impacted by the recent adverse weather, including floods and landslides.

Tokyo Cement Group honoured for impactful CSR at SLIM Brand Excellence

Tokyo Cement Group’s longstanding commitment to social progress and sustainability was honoured with a CSR Brand of the Year Merit Award at the SLIM Brand Excellence 2025 Awards ceremony held recently.

Eco Spindles and Green Earth Group launch ‘Green Wheels’ Project

Eco Spindles, a fully owned subsidiary of BPPL Holdings PLC, together with Green Earth Group N.V, officially launched the Green Wheels Plastic Collection Project at the Monarch Imperial recently.

Unity Plaza unveils country’s largest triple-faced LED display

Colombo welcomed a new chapter in its urban landscape as Unity Plaza revealed Sri Lanka’s largest outdoor LED digital screen, drawing a distinguished audience that included the Board of Directors and the Management of On’ally Holdings PLC, over 250 invitees, representatives from its business partner company and members of the media.

JKCF dominates SLIM National Sales Awards 2025 with noteworthy wins

The John Keells Consumer Foods Sector (JKCF) has reinforced its standing as a inspiration in Sri Lanka’s FMCG industry with an exceptional performance at the SLIM National Sales Awards 2025, securing a total of 27 awards. Representing the iconic brands of Ceylon Cold Stores PLC (CCS), Keells Food Products PLC (KFP), and Colombo Ice Company (CICL), JKCF has long been recognized for its rich legacy of innovation and leadership in beverages, frozen

Flood-hit borrowers to get debt relief, new loans under CBSL directive

The Central Bank, in conjunction with licensed banks, presented a pandemic-era style relief package for flood-affected borrowers, including a debt moratorium of 3 to 6 months on a case-by-case basis.

Sri Lanka to implement visa-free facility for 40 countries from January to aid post-Ditwah recovery

Sri Lanka’s tourism authorities are expecting to roll out the long-delayed visa-free facility for 40 countries starting coming January, as the island nation aggressively positions itself for a strong winter season recovery following the cyclone impact.

Govt. to crack down on unauthorised tourism structures in ‘risky zones’ following cyclone

The government has announced a comprehensive review of tourism-related developments in environmentally sensitive areas, acknowledging that unauthorised structures in “risky zones” exacerbated the damage caused by Cyclone Ditwah.

CSE to move forward with plans to broaden investor base despite post-Ditwah challenges 

The Colombo Stock Exchange (CSE) will proceed with plans to broaden its investor base despite the challenges posed by the Ditwah disaster.

Hela advances talks on Rs. 4.4bn strategic investment amid widened interim losses

Hela Apparel Holdings PLC is advancing plans to raise up to Rs. 4.4 billion from a strategic investor as part of a critical turnaround strategy aiming to stabilise its balance sheet following widened losses in the first half of the financial year.

Abans Finance to raise Rs. 1.5bn via debenture issue

Abans Finance PLC has announced plans to raise up to Rs. 1.5 billion through the issuance of Listed, Rated, Senior, Unsecured, Redeemable Debentures.

EKHO Ella among world’s top 1% hotels

EKHO Ella, the boutique hotel set in Sri Lanka’s scenic hill country, has been recognised with the 2025 TripAdvisor Travellers’ Choice Best of the Best Award, placing it among the top one percent of hotels worldwide.

Acuity Knowledge Partners rebrands to Acuity Analytics

Acuity Knowledge Partners announced its rebrand to Acuity Analytics, the new trading name for the firm.

Hero Motocorp expands scooter portfolio in Sri Lanka

Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, announced the expansion of its scooter portfolio with Xoom 110 Combat Edition and Xoom 125R at Colombo Motor Show 2025, Sri Lanka’s premier automotive exhibition.

Morison platform supports cyclone‑affected communities

Helping Sri Lanka rise again through purpose-driven action, Morison, a leading local pharmaceutical manufacturer, recently extended its CSR platform ‘Suwa Deya’ by offering vital medicinal support to the communities affected by the recent disaster.

Hyundai-Abans Auto introduce 3 models

Hyundai took centre stage as the proud title sponsor of the Colombo Motorshow held at the BMICH recently, marking the event as one of the brand’s most significant showcases in Sri Lanka to date.

DC Group wins Gold at Campaign Agency of Year Awards

DC Group marked a significant milestone for Sri Lanka’s creative and digital sector by becoming the first Sri Lankan agency to be awarded Gold for Digital Innovation Agency of the Year South Asia at Campaign Agency of the Year Awards 2025.

VFS Global stands in solidarity with Sri Lanka amid ongoing flood relief efforts

VFS Global has reaffirmed its solidarity with the people of Sri Lanka as the country faces severe flooding and landslides across multiple districts.

ComBank joins ‘Liya Shakthi’ scheme to further empower women-led enterprises

Commercial Bank of Ceylon has reaffirmed its long-standing commitment to advancing women’s empowerment and financial inclusion by partnering with National Credit Guarantee Institution Limited (NCGIL) as a Participating Shareholder Institution in the newly introduced ‘Liya Shakthi’ credit guarantee scheme, designed to support women-led enterprises across Sri Lanka.

LOLC Finance Factoring powers business growth

LOLC Finance PLC, the largest non-banking financial institution in Sri Lanka, brings to light the significant role of its factoring business unit in providing indispensable financial solutions to businesses across the country.

Three Sinha Industries wins multiple honours at Western Province Entrepreneur Awards 2025

Three Sinha Industries (Pvt.) Ltd, a leading force in Sri Lanka’s construction, engineering and manufacturing sectors, achieved remarkable success at Western Province Entrepreneur Awards 2025.