Dr. Saman Mahawatta appointed as CEO to Prime Group’s two ventures

Strengthening leadership capacity for two of Prime Group’s most strategic ventures, Dr. Saman Mahawatta has been appointed as Director/Chief Executive Officer of Prime Constructions (Pvt) Ltd (PCL). In addition, he will be seconded as Chief Executive Officer of Prime – Melwa Port City (Pvt) Ltd.

David Pieris Automobiles and People’s Leasing collaborate to strengthen BAIC and GWM vehicle sales

David Pieris Automobiles (Private) Limited and People’s Leasing & Finance PLC recently formalised a strategic partnership through the signing of a Memorandum of Understanding (MOU), marking a significant milestone in strengthening collaboration between two of Sri Lanka’s most respected and trusted organisations

SEC and Kelaniya University renew partnership to strengthen capital market education

The Securities and Exchange Commission of Sri Lanka (SEC) renewed its Memorandum of Understanding (MOU) with the University of Kelaniya on 13 May 2026 with the objective of further strengthening collaboration in the areas of capital market education, industry exposure, and undergraduate development.

Ambeon Group reports Rs. 3.2bn PAT for FY2025/26

Ambeon Capital PLC (AMC), the principal investment holding entity of the Ambeon Group, announced financial performance for the year ended 31 March 2026 (FY2025/26), delivering a consolidated Profit After Tax (PAT) of Rs. 3,242 million. This represents an exceptional year-on-year growth of 104 percent, marking one of the strongest and most transformative years in the Group’s history.

Persistent selling pushes curve higher

The market remained under selling pressure yesterday, resulting in higher yields across the curve, while trading activity stayed subdued throughout the session.

Indices continue to close in red

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. 3.8 Bn. High net worth and institutional investor participation was noted in John Keells Holdings, Hayleys and Access Engineering. Mixed interest was observed in Softlogic Capital, Hatton National Bank nonvoting and Sampath Bank whilst retail interest was noted in Citrus Leisure, Co-Operative Insur

CFA Society Sri Lanka marks silver jubilee on CSE trading floor

CFA Society Sri Lanka (CFASSL) commemorated its 25th anniversary by ringing the market opening bell and issuing a commemorative cover and stamp on the Colombo Stock Exchange (CSE) trading floor earlier this week, marking 25 years of contribution to the development of Sri Lanka’s investment profession and financial services industry.

Hellmann-MAS venture builds fashion logistics hub in Sri Lanka

Hellmann Worldwide Logistics and MAS Holdings are expanding their logistics footprint in Sri Lanka by developing a new fashion-focused contract logistics hub near the country’s main international airport, as both firms position themselves to capture the growing demand for integrated apparel supply chain solutions.

Local pharma manufacturers seek price revisions as Middle East conflict drives up costs

Sri Lanka’s pharmaceutical manufacturers have warned the government that the surging global input costs, supply chain disruptions and the sharp depreciation of the rupee are threatening the commercial sustainability of the local medicine production, raising concerns over the uninterrupted supply of essential drugs.

Taxpayers face tighter compliance regime after passage of Inland Revenue Bill

Sri Lanka’s taxpayers are facing a far tougher compliance regime after Parliament on Tuesday (19) passed the Inland Revenue Bill, with the committee stage amendments, cementing sweeping new powers that could criminalise the key tax administration failures and intensify the recovery action against the defaulters.

JAAF defends rupee slide; says weaker currency boosts export competitiveness

Sri Lanka’s apparel industry sought to calm the concerns over the recent weakening of the rupee, arguing that the currency movement reflected broader global pressures rather than signs of domestic economic weakness, while also potentially improving the country’s export competitiveness.

PM reminds tourism sector not to ignore domestic market amid global shocks

Prime Minister Dr. Harini Amarasuriya called on the tourism industry not to overlook the domestic market as a vital buffer against ongoing global shocks, urging stakeholders to prioritise high-quality, sustainable experiences over sheer visitor volume.

Exporters warn currency gains being wiped out by higher import bills

Sri Lanka’s fast weakening rupee is beginning to expose a deeper strain within the country’s export sector, with exporters warning that the rising cost of imported fuel, raw materials and industrial inputs is rapidly eroding the short-term gains from a stronger dollar.

National Regulatory Reform Council to streamline business environment

Sri Lanka is set to establish a National Regulatory Reform Council aimed at improving the country’s regulatory environment and enhancing private sector competitiveness, the government announced.

Sri Lanka to join AIA group supervisory board to strengthen cross-border insurance oversight

The Insurance Regulatory Commission of Sri Lanka (IRCSL) is set to obtain membership of the AIA Group Supervisory Board as part of efforts to strengthen the country’s Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) framework and enhance international regulatory cooperation.

JICA-backed milk production project in dry zone gets green light

A technical cooperation project aimed at increasing milk production in Sri Lanka’s dry zone is to be implemented over a three-year period with a financial grant of Rs. 300 million from the Japan International Cooperation Agency (JICA), the government said.

Indices close in red

The ASPI edged down as a result of price losses in counters such as Sampath Bank, Melstacorp and Commercial Bank with the turnover crossing Rs. 2.3 bn.

Selling pressure drives yields higher across the curve

The market came under notable selling pressure yesterday, pushing yields up across the curve by around 10–15bps. Although trading volumes recorded a modest pick-up compared to Monday, overall activity levels remained moderate.

India-SL Biz Forum highlights new momentum in trade, investment and connectivity

The Ceylon Chamber of Commerce (CCC), in partnership with the Confederation of Indian Industry (CII), organised the India-Sri Lanka Business Forum: Partnering in Sri Lanka’s Growth and Investment and CII-Ceylon Chamber CEOs Interaction, in Mumbai, on May 13, 2026.

First Capital launches SL’s 1st Smart Assisted Customer Onboarding platform

First Capital Holdings PLC has taken a significant step forward in reshaping the investment experience with the launch of the country’s first Smart Assisted Customer Onboarding platform with the use of an Avatar.

Katunayake EPZ opens new Abdeen Children’s Day Care and Learning Centre

The new Abdeen Children’s Day Care and Learning Centre at the Katunayake Export Processing Zone (KEPZ) was ceremonially opened on May 14, 2026, marking a significant milestone in employee welfare and child development support within Sri Lanka’s export manufacturing sector.

Continental Cars to reintroduce German automotive brand

Sri Lanka’s automotive sector is poised for a significant development as Continental Cars & Commercials (Pvt.) Ltd announced plans to reintroduce a renowned German automotive brand to the local market later this month.

CMA Sri Lanka launches Cost Accounting Standards

The Institute of Certified Management Accountants of Sri Lanka (CMA Sri Lanka) last week launched in Colombo nineteen ‘Cost Accounting Standards (CASSL)’, a set of standardized principles and guidelines to be followed by large and medium institutions in both public and private sector to ensure uniformity, consistency and accuracy in the measurement, classification, assignment and presentation of cost related information in cost statements.

HNB Life marks 6th consecutive bancassurance triumph

HNB Life, previously known as HNB Assurance, marks another milestone in its 25-year journey of trust and protection, securing the prestigious Best Life Bancassurance Provider – Sri Lanka award from for the sixth consecutive year.

Fairfirst recognised at Great Manager Awards for 6th year

Fairfirst Insurance continued its focus on leadership development at Great Manager Awards 2025, organised by the Colombo Leadership Academy.

PPIM, SL’s only ACCA Platinum Approved Learning Partner

PPIM achieves ACCA’s highest global accreditation tier, four years after attaining the Gold status, cementing its position as Sri Lanka’s leading ACCA tuition provider.

Sri Lanka Animal Nutrition Association inaugurated

Sri Lanka’s industry marked a new chapter with the launch of the Sri Lanka Association of Animal Nutrition (SLAAN) at an event hosted in collaboration with the U.S. Soybean Export Council (USSEC) in Kandy earlier this month.

Mark and Comm deploys Talkwalker to raise bar on social intelligence for SL brands

Mark and Comm (Pvt.) Ltd together with Talkwalker, the world’s leading social intelligence platform, is now offering clients and prospects in Sri Lanka professional social listening, media monitoring, reporting and strategic advisory as a fully managed service.

Strong Economies Need Strong Banks: Building the system Sri Lanka’s next decade will need

The International Monetary Fund (IMF), in its successive reviews of Sri Lanka’s recovery programme, has consistently emphasized that a sustained recovery requires a sound banking sector. This in turn means a sector capable of channeling credit into the productive economy, mobilizing savings, and facilitating investment, all of which represent the most critical needs of the nation.

CEAT opens premium Shop-in-Shop outlet at Olympic Tyre House

CEAT Kelani Holdings has expanded its network of premium retail outlets with the opening of a new Shop-in-Shop (SIS) facility at Olympic Tyre House located in Colombo 6.