JKCG denies prior knowledge of vehicle surcharge

John Keells CG Auto (JKCG) yesterday rejected the allegations that it had prior knowledge of the government’s latest temporary surcharge on the imported motor vehicles and had acted in advance by opening Letters of Credit (LCs) before the measure came into effect.

Cartoon of the Day 23-05-2026

Sri Lanka’s lubricant industry still in regulatory limbo despite 2023 pledge

Sri Lanka’s lubricant industry remains without a dedicated regulatory framework, over a year since formal plans were first announced.

Prime Melwa launches luxury marina-front residential project at Port City Colombo

Prime Melwa Port City (Pvt) Ltd has formally commenced its luxury marina-front residential development at Port City Colombo, marking one of the most high-profile private real estate launches within the reclaimed

CHEC marks key milestone in China-funded affordable housing project in Colombo

China Harbour Engineering Company (CHEC) has achieved a major construction milestone in the China-aided affordable housing project in Colombo, with the successful topping out of the Maharagama site on 12

Dialog proposes employee share incentive plan worth 2% stake

Dialog Axiata PLC said it is seeking shareholder approval to introduce a long-term incentive plan (LTIP) that could see up to 184.0 million shares issued to eligible employees, as the telecom giant moves to

Yields edge up across the curve as selling continues

The secondary market yesterday carried forward the selling streak, resulting in an upward shift in yields across the curve. Market activity remained moderate, with trading volumes holding steady at similar levels.

Indices close on a positive note

The ASPI closed in green as a result of price gains in counters such as Melstacorp, Colombo Dockyard and ACL Cables with the turnover crossing Rs. 2.1bn.

SLIM launches National Sales Awards 2026

The Sri Lanka Institute of Marketing (SLIM) has officially announced the launch of National Sales Awards (NSA) 2026, marking the prestigious platform’s 25th anniversary milestone in recognising and

LOLC Life Assurance expands branch network

LOLC Life Assurance continues to reinforce its commitment to delivering accessible, customer-centric life insurance solutions through the strategic expansion of its branch network across key locations in Sri

Chaudhary meets CB Governor

Nepalese billionaire investor Dr. Binod Chaudhary recently called on Central Bank of Sri Lanka Governor Dr. Nandalal Weerasinghe to discuss the progress of his investments in Sri Lanka and explore future

SLT-Mobitel-Peradeniya Uni pioneer SL’s 1st AI-integrated engineering degree

SLT-Mobitel is the University of Peradeniya’s Technology Partner in introducing the country’s first-ever Bachelor of Science of Engineering Honours in Electronic and Intelligent Systems Engineering, equipping

Lanka Hospitals presents 2025 annual report and 5-year strategic roadmap

Lanka Hospitals recently presented its annual report for 2025 and the five-year strategic plan for 2026-2030 to Labour Minister and Finance and Planning Deputy Minister Dr. Anil Jayantha and Treasury and

LIMRA Awards Ceremony Union Assurance honours top-performing sales professionals

Union Assurance recently hosted its LIMRA Awards Ceremony on its head office premises, celebrating the outstanding sales professionals whose performance during the previous years met the rigorous

Groundworth launches Infinity land development in Piliyandala-Polgasowita

Groundworth (Pvt.) Ltd announced the launch of ‘The Infinity by Groundworth, a premium land development located in Piliyandala-Polgasowita, one of Colombo’s most rapidly expanding suburban

Prime Lands hands over 43 by the Sea

Prime Lands Residencies PLC recently announced the official handover of 43 by the Sea, welcoming its homeowners to one of Colombo’s most distinctive residential addresses on Marine Drive.

CSE completes 2nd planting phase of 4000 trees in Rajawaka forest

The Colombo Stock Exchange (CSE) successfully concluded the second stage of its landmark reforestation initiative in collaboration with the non-profit Rainforest Protectors of Sri Lanka, with the

Skills Advertising & Marketing marks 33 years

Skills Advertising & Marketing (Pvt.) Ltd, one of Sri Lanka’s longest established advertising agencies, celebrates its 33rd anniversary — a remarkable milestone for a 100 percent Sri Lankan-owned company

DFCC Bank’s focus on women’s financial inclusion gains recognition

DFCC Bank’s focus on women’s financial inclusion was recently reflected in the recognition of Vice President – Head of Pinnacle and Aloka Proposition Shera Hassen for her role in advancing women’s

Janashakthi Finance AFBU sets standard for ethical and Shariah-compliant finance in Sri Lanka

Janashakthi Finance PLC is redefining ethical investment in Sri Lanka’s non-banking financial sector by delivering innovative, Shariah-compliant financial solutions that respond to the growing demand for

Talawakelle Tea Estates achieves International Organic Certification for Great Western and Logie Teas

Talawakelle Tea Estates PLC has secured internationally recognised organic certification.

Uber introduces hybrid subscriptions for Moto and Tuk drivers

Ridesharing platform Uber has announced the launch of Hybrid Subscriptions for Moto and Tuk drivers in the country. This includes a new ‘earn first, pay later’ model that gives drivers greater flexibility by allowing them to start earning on the platform without upfront payments.

Build SL Housing & Construction Exhibition opens on 22 May

The 21st Build SL Housing & Construction International Exhibition which has now become the premier exhibition of the construction industry in Sri Lanka, will be held from May 22nd to 24th, 2026, at the Sirimavo Bandaranaike Memorial Exhibition Centre of the BMICH.

E.B. Creasy partners with Kotagala Plantations to deliver 1 MW rooftop solar power system

E.B. Creasy Solar, the renewable energy arm of E.B. Creasy & Co., PLC, has partnered with Kotagala Plantations PLC to install a 1 MW rooftop solar power system, reaffirming its commitment to supporting Sri Lanka’s transition towards sustainable energy solutions.

CameraLK and Sony unveil Alpha a7R VI

CameraLK unveiled the highly anticipated Sony Alpha a7R VI and FE 100-400mm F4.5 GM OSS lens at a regional launch event held in Sri Lanka.

INSEE Lanka powers ‘Build Sri Lanka Exhibition 2026’ as Corporate Sponsor

INSEE Lanka takes center stage as the Corporate Sponsor of the Build Sri Lanka Housing & Construction Exhibition 2026, organised by the Chamber of Construction Industry of Sri Lanka (CCI).

Classic Travel wins Gold at Malaysia Airlines Trade Elevation Summit

Classic Travel has once again secured top honours at the Malaysia Airlines Trade Elevation Summit 2026, winning the Golden WAU Award and continuing its consecutive run of recognition at the global industry event.

Home Lands breaks ground on Serene Heights Resort Apartments, Thalawathugoda

Home Lands officially marked the groundbreaking of its newest residential development, Serene Heights Resort Apartments, Thalawathugoda, on 7th May 2026, introducing a unique concept of Zen-inspired resort living to one of Greater Colombo’s most sought-after residential locations.

JAECOO J7 PHEV achieves Five-Star ratings

Hayleys Mobility continues to lead Sri Lanka’s automotive sector by combining innovation, luxury, and uncompromised safety.

DFCC Bank recognised among SL’s top employers for CIMA members

DFCC Bank PLC has been ranked 3rd among Sri Lanka’s top employers for CIMA members in 2026, a recognition awarded by AICPA & CIMA.