August tourism earnings fall to US$ 259mn despite higher arrivals

Sri Lanka’s tourism earnings fell to US$ 258.9 million this August, an 8.2 percent decrease compared to the same month last year. This decline occurred despite a significant 20.4 percent year-on-year increase in tourist arrivals.

Arrivals cross 50,000-mark in first 10-days of September

Sri Lanka’s tourism sector has started September on a high note, welcoming over 52,000 tourists in the first ten days of the month, a significant 27.2 percent increase compared to the same period in 2024.

Prime Lands secures prime real estate in Bambalapitiya

Prime Lands Residencies PLC has made a significant addition to its portfolio with the acquisition of a prime plot of land in the coveted Bambalapitiya area for a staggering Rs. 3.5 billion.

Maharaja Foods partners with SPAR to launch four new retail outlets

Maharaja Foods PLC has announced a strategic partnership with SPAR Sri Lanka Pvt Ltd to establish four new retail outlets in the Colombo region.

Equity (shares): What it means to own a piece of a company

To a beginner, the stock market can seem confusing with all its advanced jargon, news and endless data. However, at its heart, it is based on a simple, fascinating idea: when you buy a share, you own a part of a company.

Tokyo Cement-Peradeniya University conclude Industry-Uni Collaboration Day 2025

The Civil Engineering Department of the University of Peradeniya, in partnership with the Tokyo Cement Group, concluded its flagship event Industry-University Collaboration Day 2025, with remarkable success, fostering dynamic engagement between academia and industry stakeholders.

SANASA Life Insurance launches biggest consumer promotion

SANASA Life Insurance has accomplished yet another milestone along with the launch of ‘Heenalanthaya’, the largest consumer promotion in the organisation’s history.

Sampath Bank-Sathosa Motors deliver lower interest rates, special discounts

Sampath Bank PLC and Sathosa Motors PLC have partnered to offer exclusive benefits to vehicle buyers.

LOLC Securities bags Silver at BestWeb.LK 2025

LOLC Securities has been honored with the Silver award in the Best Finance and Insurance Website Category at the BestWeb.LK 2025 Awards, organised by the LK Domain Registry.

CBL Foods-Roar AdX-Ogilvy unveil impact of Meta advertising through brand lift study

CBL Foods, in partnership with Roar AdX and Ogilvy Digital, recently presented the findings of a brand lift study conducted on the launch campaign for Roccoa, its newest product innovation.

SpeedBay brings Sodikart karts to Sri Lanka

Speed Bay, part of David Pieris Group of Companies, marked the arrival of the world-class Sodikart brand in Sri Lanka for the very first time, with an exclusive launch at Waters Edge recently.

Standard Chartered Sri Lanka hosts PD Singh, CEO for India & South Asia

Standard Chartered Sri Lanka will host the Chief Executive Officer for India and South Asia, PD Singh, from the 15th to the 18th of September, in Colombo along with a delegation.

FTZMA seeks faster approvals, stable BOI rules in budget plan

The Free Trade Zone Manufacturers’ Association (FTZMA) has submitted a set of proposals for the 2026 national budget, calling for a sweeping package of tax, trade and export reforms designed to strengthen competitiveness in what it described as a “tariff-heavy world”.

Brantel Lanka tops 10% stake in Resus Energy following share purchases

Brantel Lanka (Pvt.) Ltd has increased its stake in Resus Energy PLC, surpassing the 10 percent ownership threshold, a disclosure to the Colombo Stock Exchange showed.

Central Bank of Sri Lanka releases key findings of Systemic Risk Survey

The Central Bank of Sri Lanka (CBSL) has released key findings of the Systemic Risk Survey (SRS) conducted for the second half of 2025.

Tea auction records select gains but quality remains flat

The overall auction offerings were barely maintained and totalled 5.18 million kilogrammes (M/Kgs).

SriLankan Airlines and Axis Bank India forge strategic partnership

SriLankan Airlines has partnered with Axis Bank, one of the largest private sector banks in India, to offer exclusive airfare deals and other benefits to the bank’s 15 million-strong customer base.

Crossings boost turnover

The ASPI closed in red as a result of price losses in counters such as Commercial Bank, Melstacorp and Browns Investments with the turnover crossing Rs. 5.8 Bn.

Secondary market ends week on quiet note

Following the conclusion of the T-bond auction on Thursday, activity in the secondary market remained subdued yesterday as the week drew to a close.

DFCC Bank and WWCT partner for protecting threatened Lankan leopard

DFCC Bank has announced a strategic three-year partnership with the Wilderness and Wildlife Conservation Trust (WWCT) to support a science-based initiative aimed at conserving Sri Lanka’s biodiversity by focusing on the protection of the island’s apex predator, the threatened Sri Lankan leopard (Panthera pardus kotiya).

Ceylinco Life’s top sales stars celebrate on overseas adventures

Ceylinco Life turned achievement into adventure this year when it rewarded its top sales performers of 2024 with overseas tours to Malaysia, Dubai and Turkey.

Pan Asia Bank and Hayleys Solar to provide tailored financing options for solar solutions

Pan Asia Bank has signed a Memorandum of Understanding (MoU) with Hayleys Solar to provide customers with tailored financing options for solar solutions.

Weddings by Shangri-La: The Signature Edit to be unveiled on September 21

Shangri-La Colombo presents Weddings by Shangri-La: The Signature Edit, an exclusive one-day showcase dedicated to reimagining weddings and honeymoons with artistry, grandeur, and precision.

Browns Hotels & Resorts welcomes Malaysia’s top chefs for flavour-packed festival

Browns Hotels & Resorts recently hosted a 7-day Malaysian Food Festival, celebrating the rich flavours and traditions of Malaysia across three of its signature properties – Occidental Eden Beruwala, Thaala Bentota, and Club Hotel Dolphin, Negombo.

David Pieris Group strengthens commitment to Sri Lanka Army’s Abimansala

The David Pieris Group, through its Social Welfare Committee, has once again extended its support to the Abimansala Wellness Resort in Anuradhapura—a care facility run by the Sri Lanka Army dedicated to the care and rehabilitation of disabled war heroes.

Spa Ceylon unveils ‘Island Summer Anthem’

Spa Ceylon, the world’s largest Luxury Ayurveda chain, has officially launched its exclusive Island Summer Anthem as a vibrant tribute to Sri Lanka, the island home and birthplace of the brand’s world-renowned legacy.

Dhammika Perera completes equal partnership in Laugfs with co-founder Wegapitiya

Business tycoon Dhammika Perera has completed the acquisition of a 50 percent stake in Laugfs Holdings Ltd through his private vehicle Vallibel Three (Pvt.) Ltd, filings to the Colombo Stock Exchange showed yesterday.

Kandy Myst by Cinnamon: A new jewel in hill capital’s crown

Nestled amidst the verdant, mist-clad hills of Sri Lanka’s cultural heartland, Kandy stands as a timeless jewel, captivating travellers with its rich tapestry of history, spirituality, and natural splendor.

Larry Ellison briefly becomes world’s richest person: Who is Larry Ellison?

For a short period on September 10th 2025, Larry Ellison, co-founder of Oracle Corporation, overtook Elon Musk to become the world’s richest person. A historic surge in Oracle’s stock propelled Ellison’s fortune past the $390 billion mark, underscoring not only the volatility of global wealth rankings but also the enduring influence of one of Silicon Valley’s most powerful figures.

Three-tier ADR in the works to boost investor confidence: BOI

Sri Lanka is overhauling its investor agreements with a three-tier dispute resolution mechanism, negotiation, mediation, and arbitration, as part of efforts to strengthen foreign investor confidence, the