RIL Property’s public float jumps to nearly 100% after director’s exit

RIL Property PLC said its public shareholding surged to 99.95 percent as of September 30, following the resignation of former Director L.E.M. Yaseen.

People’s Bank-Japan Remit Finance strengthen 5-year partnership

People’s Bank broadened its remittance partnership with Japan Remit Finance Company Ltd (JRF) recently.

SriLankan achieves record-breaking Google Ads growth with 3P Media

In a landmark display of how strategic digital advertising can transform nationally significant industries, Roar Global’s 3P Media, the Official Media Sales Representative for Google in Sri Lanka, Laos and Brunei,

Silent crisis in Sri Lankan workplaces

As Sri Lanka’s companies accelerate digital transformation, experts warn that an overlooked crisis, employee mental health, threatens to erode productivity gains. Psychiatrists say outdated leadership styles, stigma and lack of emotional intelligence are fuelling stress, absenteeism, and disengagement

Ocean Lanka honours long-serving employees

Ocean Lanka (Pvt.) Ltd, Sri Lanka’s largest weft knitted fabric manufacturer, hosted the prestigious Sewa Abhiman loyalty awards ceremony, celebrating the unwavering dedication and loyalty of its long-serving

Spa Ceylon-All About That Reef-Scope Cinemas spearhead ocean conservation

Spa Ceylon, the world’s largest luxury ayurveda chain, together with All About That Reef and Scope Cinemas, highlights the urgency of ocean conservation through public screenings of the globally acclaimed

Sri Lanka’s apparel industry redefines sustainability: From climate action to community impact

Sri Lanka surpasses 1.75mn tourist arrivals YTD driven by Asian demand in early October

Sri Lanka’s tourism sector has logged a successful entry into the final quarter of the year, with tourist arrivals from October 1-6 reaching 34,046.

DFCC Bank set to launch Sri Lanka’s first blue bond

DFCC Bank announced plans to issue Sri Lanka’s first-ever blue bond, targeting Rs.3 billion to finance ocean, marine and water-related investments across the country.

SEC introduces new categorisation framework for unit trusts

The Securities and Exchange Commission of Sri Lanka (SEC) last week directed all managing companies and trustees of Collective Investment Schemes (CIS) to adopt a new categorisation structure for unit trusts, to standardise the fund classification across the industry.

Bail granted to Weligama businessperson accused of using DSI brand illegally

Matara Magistrate Aruna Indrajith has ordered the release on bail of a Weligama shoe store owner accused of unlawfully using the ‘DSI’ brand name in violation of the Intellectual Property Act. The accused was released on personal bail of Rs.2 million.

ASPI losses after 15 consecutive days of gains

Indices closed in red as a result of price losses in counters such as Melstacorp, Sampath Bank and John Keells Holdings with the turnover crossing Rs. 7.3 Bn. High net worth and institutional investor participation was noted in Cargills, C T Holdings and Commercial Bank. Mixed interest was observed in Lanka Credit and Business Finance, John Keells Holdings and Colombo Dockyard whilst retail interest was noted in Kotagala Plantations, Co-Operative

Market remains subdued as volumes stay thin

The secondary market withstood a quiet session marked by thin volumes whilst sentiment remained dull. Notable transactions during the day were concentrated towards 2029 maturities, while the yield curve remained unchanged.

AIIB provides US$ 52mn to strengthen Sri Lanka’s power transmission

The Asian Infrastructure Investment Bank (AIIB) and the Government of Sri Lanka signed a loan agreement recently for the Kerawalapitiya–Port L Second Transmission Line Project, under which AIIB will provide US$ 52 million in sovereign-backed financing to help Sri Lanka unlock its renewable energy potential and advance sustainable development.

Dr. Kanag-Isvaran to lead expert panel at KPMG webinar

KPMG Sri Lanka is to hold a webinar on October 30 from 3:30 p.m. to 5:00 p.m., to unpack the recent changes introduced through the Companies (Amendment) Act, No. 12 of 2025, and their intersection with taxation. The session will provide valuable insights into how these legislative reforms impact corporate governance, tax planning, and regulatory compliance.

CSE to conduct full day of trading from Disaster Recovery site

The Colombo Stock Exchange (CSE) is to conduct a planned full day of trading from the Disaster Recovery site using Automated Trading System Disaster Recovery Solution on Friday, October 10.

CFA Society Sri Lanka launches ‘CFA Institute Research Challenge Sri Lanka 2025/26’

CFA Society Sri Lanka announced the launch of ‘CFA Institute Research Challenge Sri Lanka 2025/26’, the local round of the CFA Institute Global Research Challenge.

Bidding opens for production of high-quality apparel sector promo video

The Sri Lanka Export Development Board (SLEDB) has proposed the development of a high-quality promotional video for the apparel sector. The key objective of the promotional effort is to take the Sri Lankan apparel industry to the global stage.

NDB Bank partners with DIMO to expand affordable leasing

NDB Bank recently entered into a Memorandum of Understanding (MoU) with DIMO, to extend affordable and accessible leasing facilities to a wide spectrum of customers.

Futurity partners with IESL for ‘Techno 2025’

Futurity (Pvt) Ltd, Sri Lanka’s first AI-native research studio, announced its strategic partnership with the Institution of Engineers, Sri Lanka (IESL) as the official AI Enablement Partner for ‘Techno 2025’, the country’s premier engineering and technology exhibition.

‘Sysco LABS Dialogues’ demonstrates power of PPP to position Sri Lanka as a Global ICT Hub

Sysco LABS Sri Lanka successfully hosted the inaugural ‘Sysco LABS Dialogues – Academia, Policy & Industry in Information and Communications Technology’ recently, highlighting how committed public–private partnerships serve as an essential catalyst for achieving Sri Lanka’s national digital economic goals.

CSE and SEC host exclusive forum on Sri Lanka’s capital market

The Securities and Exchange Commission of Sri Lanka (SEC) in collaboration with the Colombo Stock Exchange (CSE) successfully convened an exclusive forum for institutional fund managers themed “Be a Part of the Capital Market’s Growth Story – One Vision for A Resilient Market” recently.

Supreme Plus Holdings wins civil case against Kariyawasam Paint House

The District Court of Nugegoda has ruled in favour of Supreme Plus Holdings, owned by Devika Gallage of Meegoda, in a civil case filed against Kariyawasam Paint House, operated by Weraduwage Deepa Nilangani of Maharagama.

Hutch secures ISO/IEC 27001:2022 certification

Hutch Sri Lanka has been awarded the ISO/IEC 27001:2022 certification, reaffirming its commitment to a globally recognized information security management system.

World Bank urges businesses to lead Sri Lanka’s comeback

The World Bank yesterday placed the private sector at the heart of Sri Lanka’s growth strategy as it acknowledged the government’s limited fiscal space that leaves little room for state-led investment.

LB Finance lines up Rs. 20 bn debt issue

LB Finance PLC has received board approval to raise up to Rs. 20 billion through a listed debenture issue aimed at strengthening its funding base.

Lanka Rating Agency upgrades LOLC Finance to ‘A+ (Stable)’

Lanka Rating Agency (LRA) has awarded LOLC Finance PLC an A+ rating with a Stable Outlook, a significant step up from its previous ‘A (Positive Outlook)’ rating.

People’s Bank inaugurates new Colombo head office built to green standards

State-owned People’s Bank yesterday inaugurated its new head office building, the ‘People’s Tower’.

High grown teas lift September average

Sri Lanka’s national tea sale average edged up in September, though cumulative prices for the year remained lower than in 2024, data compiled by Forbes & Walker Research showed.

Week begins in green

The ASPI closed in green as a result of price gains in counters such as Lion Brewery, Aitken Spence and Melstacorp with the turnover crossing Rs. 7.9 bn.