Cabinet nod to close 33 state enterprises

Ambeon Capital secures controlling stake in Myland Developments

Ambeon Capital PLC will acquire 18.5 million ordinary shares in Myland Developments PLC at Rs. 8.50 per share, giving it a 51.03 percent stake in the company. The transaction is scheduled to settle on 9

Yaden Laboratories makes first sterile liquid injectables export to Africa

Yaden Laboratories Private Limited, a fully Sri Lankan-owned pharmaceutical manufacturer based at the Katunayake Export Processing Zone, has shipped its first export consignment of sterile liquid injectables to Zambia, marking a milestone for the country’s pharmaceutical industry. The company, operational since October 2022, produces sterile formulation medicines and has been supplying the Ministry of Health in Sri Lanka. The initial export inclu

Tea auction steady despite lower volumes this week

Tea auction offerings declined further and totalled 5.1 M/Kgs this week, of which approximately 0.5 M/Kgs comprised of re-prints. Once again, improved demand in the backdrop of limited availability.

Local apparel exporters to showcase at UK’s Source Fashion event ahead of new trade scheme

The Export Development Board (EDB) said it will facilitate the participation of local apparel firms at the Source Fashion Exhibition in the United Kingdom in January 2026, aiming to leverage market access

Yield curve remains static amidst mixed market activity

The secondary market yesterday reflected mixed sentiment, characterized by ultra-thin trading volumes and subdued activity.

Week ends with foreign buying

The ASPI edged up as a result of price gains in counters such as RIL Property, Ceylon Tobacco Company and Prime Lands Residencies with the turnover crossing Rs. 5.6 bn.

MAS commits to net-zero emissions by 2048

Global apparel and textile conglomerate MAS Holdings, looking to further its sustainability efforts, recently announced that it has committed to reducing its total greenhouse gas emissions to net zero by 2048.

Amana Bank crowned as Best Bank in SL at Emerging Asia Banking Awards 2025

Amana Bank emerged as the Best Bank in Sri Lanka at Indian Chamber of Commerce (ICC) Emerging Asia Banking Awards 2025, adjudicated by PwC.

ComBank champions QR innovation at CBSL’s Pay Digital Dambulla campaign

Commercial Bank of Ceylon recently reaffirmed its position as a trailblazer in digital payments and one of the main drivers of the Central Bank of Sri Lanka’s (CBSL) islandwide initiative to promote QR payments,

Hayleys Fentons shines with 8 wins at National Business Excellence Awards 2025

Hayleys Fentons Limited swept eight awards at National Business Excellence Awards (NBEA) 2025, including the coveted Gold award in the Infrastructure and Utilities Sector for the third consecutive year.

Abans Auto launches all-new Hyundai Santa Fe Calligraphy

Hyundai, the global pioneer in innovative design and a future-focused automotive brand, together with Abans Auto, hosted the official launch of the all-new 2025 Hyundai Santa Fe Calligraphy and the surprise

Empire Teas unveils plans to launch new venture in Spain

Celebrating its 25th anniversary with tours, cultural experiences and a gala dinner, Empire Teas (Pvt.) Ltd welcomed its international partners to Sri Lanka and announced plans to launch a new venture in Spain.

Sri Lanka launches first climate resilience revolving fund for MSMEs

In a landmark step towards strengthening the resilience of micro, small and medium-sized enterprises (MSMEs) against climate-induced disasters, Chrysalis, with the support of CARE Germany, officially

Ambewela introduces SL’s first Faluda Flavoured Yoghurt

Ambewela, Sri Lanka’s benchmark for dairy excellence, has once again raised the bar in innovation with the launch of its latest creation, Sri Lanka’s first-ever Faluda Flavoured Yoghurt.

Cargills relaunches value-added confectionaries at Profood, Propack & AgBiz

At the 22nd edition of Sri Lanka’s largest trade fair Profood, Propack & AgBiz 2025, Cargills Confectionaries (Pvt.) Ltd, a subsidiary of Cargills (Ceylon) PLC, officially relaunched its portfolio of value-

Leema Creations wins big at Sri Lankan Entrepreneur of the Year Awards 2025

Leema Creations won the National Gold Award (Extra Large Category) at Sri Lankan Entrepreneur of the Year Awards 2025, organised by the Federation of Chambers of Commerce and Industry of Sri Lanka, held

Fazra Irfan appointed as SL’s Cambridge-accredited Early Years PDQ Programme Leader

In a landmark appointment for the country’s education sector, Fazra Irfan has been accredited by Cambridge University Press & Assessment as a Programme Leader in Sri Lanka for its prestigious

Sunil Dissanayake chief guest at SriLankan Toastmasters Club

Sunil Dissanayake, onetime Head of Human Resources when SriLankan Airlines was managed by Emirates Airlines, was invited as the chief guest at the installation of the 2025 office bearers of the airline’s

Good PR-The Expertin to deliver comprehensive business solutions

Good PR (Pvt.) Ltd, a leading public relations and event management company, announced a strategic partnership with The Expertin (Pvt.) Ltd, a prominent multi-disciplinary business strategy and integrated

Govt. pushes ahead with new Tourism Act despite industry concerns

Sri Lanka’s government is moving forward with plans for a new Tourism Act to overhaul the sector’s administrative framework, despite concerns from some private sector stakeholders over potential bureaucratic hurdles.

New measures to reduce device prices and regulate second-hand electronics

Sri Lanka is planning a multi-pronged strategy to address the high cost of digital devices by exploring the targeted subsidies and affordable payment schemes, while simultaneously moving to formalise the second-hand market through a new registration process, aimed at curtailing the informal “grey market”.

Landmark PPP initiative launched to train 20,000 youth for tourism sector

In a strategic move to address the escalating demand for skilled professionals in its booming tourism industry, the Sri Lankan government, in partnership with the private sector, yesterday launched the ‘Sathkaraye Shrama Sena – Hotel Operations Multitasker’ national programme.

New IPS publication: Tobacco Smuggling in Sri Lanka – A Scoping Study

A new study by the Institute of Policy Studies of Sri Lanka (IPS) has revealed that cigarette smuggling occurs in various forms across the country and a better understanding of these channels is necessary to develop policies that will curb smuggling, increase government revenue and minimise the adverse health impacts.

CEAT kicks off next big move in Off Highway Mobility

CEAT Limited has made a substantial advancement in its Off-Highway Tyres (OHT) growth strategy by officially acquiring Michelin Group’s CAMSO Construction Compact Line Business, including their Sri Lanka-based Midigama plant and Casting Product plant in Kotugoda.

Indices close in red

The ASPI edged down as a result of price losses in counters such as Richard Pieris & Company, Hatton National Bank and National Development Bank with the turnover crossing Rs. 6.4 Bn. Meanwhile, the S&P SL20 closed in red. High net worth and institutional investor participation was noted in Hatton National Bank, Resus Energy and Hemas Holdings. Mixed interest was observed in Dankotuwa Porcelain, LVL Energy Fund and Panasian Power whilst retail in

Yields hold steady at weekly T-bill auction

The secondary bond market saw subdued performance, characterised by limited activity and thin trading volumes. Amongst the traded maturities, the 15.12.2026, 01.05.2027 and 15.12.2029 bond maturities were traded at the rates of 8.25 percent, 8.60 percent and 9.53 percent, respectively.

Building aspiration for modern consumer: A case for home-grown brands

The world’s largest consumer packaged goods companies have hit an inflection point. Multiple leadership changes and sweeping job cuts have been announced over the last 18 months. Analysts point to slow sales growth and sluggish profits as the catalyst for this upheaval.

WSO2 appoints Kristian Györkös as Senior VP & Global Head of Channel

WSO2 has announced the appointment of Kristian Györkös as Senior Vice President & Global Head of Channel. In this strategic leadership role, Kristian will be responsible for shaping and accelerating the growth of WSO2’s global channel and partner ecosystem as the company continues to expand its reach across enterprises and markets worldwide.

Ogilvy Sri Lanka wins across Advertising, Digital and Media at Dragons of Sri Lanka 2025

Ogilvy Group Sri Lanka won key awards across advertising, digital, and media categories at the 2025 Dragons of Sri Lanka Awards recently.