Hemas reports strong 1Q26 performance

Hemas Holdings PLC posted a double-digit profit gain for the June quarter, driven by a strong topline growth in its healthcare segment, improved margins and easing finance costs, positioning the diversified group on firmer ground as it entered the new financial year.

Chevron reports a solid June quarter on sales and focuses on margin expansion

Chevron Lubricant Lanka PLC reported some solid top and bottom-line performances for the three months through June 30.

INSEE-SLINTEC R&D tie-up targets next-gen building materials

INSEE Cement, Sri Lanka’s largest cement manufacturer, has signed a memorandum of understanding (MoU) with the Sri Lanka Institute of Nanotechnology (SLINTEC) to jointly advance innovation and sustainability in the local construction sector.

Luminex pivots to agriculture exports to offset telecom slump

Luminex PLC, a prominent player in Sri Lanka’s engineering and construction industry, has announced a strategic move into an export-oriented agriculture business as part of a broader diversification strategy, aimed at reducing its reliance on the telecommunications sector.

Indices closed on a mixed note

The ASPI closed in green as a result of price gains in counters such as Melstacorp, People’s Insurance and Carson Cumberbatch with the turnover crossing Rs. 4.4 Bn. Meanwhile, the S&P SL20 edged down. High net worth and institutional investor participation was noted in E B Creasy & Company, National Development Bank and The Colombo Fort Land & Building. Mixed interest was observed in CIC Holdings nonvoting, CIC Holdings and John Keells Holdings w

Intex Sri Lanka 2025 opens doors

In a milestone moment for South Asia’s textile and apparel industry, Intex Sri Lanka 2025 officially commenced its 10th edition yesterday, at the Bandaranaike Memorial International Conference Hall in Colombo. Celebrating a decade of industry impact and partnership-building, this year’s edition is larger, more global and more future-forward than ever before.

Secondary market stagnates amid low trading activity

The secondary market endured another subdued session, resulting in minimal movement along the yield curve. Trading volumes remained thin, with few notable transactions recorded. On the shorter end, the 01.07.2028 maturity was traded within a narrow band of 8.80% to 8.82%. Further along the curve, the 15.12.2029 maturity saw trades between 9.39% to 9.40%. Meanwhile, the 01.07.2030 maturity changed hands at a yield of 9.50%.

HNB implements Nucleus’ FinnAxia transaction banking suite

HNB PLC has implemented FinnAxia, the advanced transaction banking suite from Nucleus Software, as part of a strategic initiative to strengthen its leadership in digital banking and meet the growing needs of its corporate and SME clients across Sri Lanka and around the globe.

Hayleys Mobility with OMODA & JAECOO Automobile to deliver EVs, hybrids

Hayleys Mobility, the newest venture under Hayleys Fentons, has officially entered the electric and hybrid vehicle market through an exclusive distribution partnership with OMODA & JAECOO Automobile Co., Ltd, the premium NEV brand of Chery Automobile Co., Limited.

Carmart hands over brand-new Peugeot 2025 models

In a momentous celebration of French automotive excellence, Carmart (Pvt.) Ltd, the sole authorised importer, distributor and repairer for Peugeot in Sri Lanka, handed over the first batch of brand-new Peugeot 2025 models to a select group of discerning customers at a private event held this week.

Sanken Overseas invests in CL Synergy Group

Marking a significant milestone in the construction industry, Sanken Overseas (Pvt.) Ltd made inroads into the freight and logistics sector through an investment in CL Synergy.

Can quantum computing era force a global cybersecurity revolution?

In the bustling halls of the recent Kaspersky APAC Cyber Security Weekend, a presentation by one of the company’s top researchers casts a long, futuristic shadow over the proceedings.

DBL Night honours excellence in sales across Sri Lanka

Deen Brothers Imports (DBL) successfully hosted DBL Night 2024, at Cinnamon Life Hotel, Colombo. The event celebrated and recognised the dedication and outstanding performance of DBL’s sales agents from across the island.

Visa presents ‘India on a Plate’ for Infinite cardholders

Visa curated a one-of-a-kind dining experience called ‘India on a Plate’ exclusively for its Visa Infinite cardholders, held in collaboration with Cinnamon Life at Indiya Restaurant.

Corporate risk rises as gamers in Sri Lanka hit by malware: Kaspersky

New threat research from Kaspersky has revealed a startling figure for Sri Lanka’s gaming community and its corporate sector with at least 10,877 gaming accounts in the country compromised by infostealer malware in 2024.

National tea sale average rises in July but declines YoY

Sri Lanka’s national tea sale average for July 2025 was recorded at Rs.1,127.60 (US$ 3.74) per kilogramme, up Rs.24.33 (US$0.06), from June average of Rs.1,103.27 (US$ 3.68), according to the data compiled by Forbes & Walker Research.

No pact with CEB on battery project: Panasian Power

Panasian Power PLC denied claims circulating on social media that it had entered into a definitive agreement with the Ceylon Electricity Board (CEB) for a battery pack project and secured funding from the Asian Development Bank (ADB).

Access Engineering’s medical plant eyes early 2026 launch to produce critical cancer-detecting isotopes

Access Engineering PLC is poised to commence production at Sri Lanka’s first radiopharmaceutical plant by early next year, a landmark venture expected to revolutionise cancer diagnosis and treatment in the country.

Indices closed in red

Indices closed in red as a result of price losses in counters such as John Keells Holdings, Melstacorp and DFCC Bank with the turnover crossing Rs. 3.3 bn.

Yields hold steady amid dormant activity

The secondary market withstood yet another lethargic session prompting the yield curve to remain largely static. Yesterday’s trading volumes were limited, and significant transactions were scarce.

HNB launches new 24/7 branch at City of Dreams Sri Lanka

HNB PLC has opened a fully-fledged branch at City of Dreams Sri Lanka.

People’s Bank’s digital and diversity-focus receives Euromoney recognition

People’s Bank has once again asserted its leadership in Sri Lanka’s financial sector by being named as Sri Lanka’s Best Bank for Diversity and Inclusion and Sri Lanka’s Best Digital Bank at the prestigious Euromoney Awards for Excellence 2025.

SL’s nation branding should not bet on gambling, says MTI

The grand launch of the Melco-operated City of Dreams has sparked bold comparisons, with some advocating for Sri Lanka to become the ‘Macau of India’. While MTI Consulting acknowledges the economic potential of a vibrant casino sub-brand, it strongly cautions that Sri Lanka’s nation brand must not be ‘hijacked’ by the gambling industry.

LOLC AL-Falaah wins Golds at SLIBFI Awards

LOLC Al-Falaah has once again cemented its position as Sri Lanka’s undisputed leader in the Islamic banking and finance space, achieving an extraordinary triumph at the 14th Sri Lanka Islamic Banking and Financial Industry (SLIBFI) Awards 2025.

Seylan Bank’s IBU named as Islamic Finance Deal of the Year

Seylan Bank PLC’s Islamic Banking Unit (SBK IBU) has been awarded the prestigious Islamic Finance Deal of the Year, at SLIBFI Awards 2025, in recognition of its innovative financing of a landmark renewable energy project in Sri Lanka’s Eastern province.

Hayleys Fentons recognised as a Great Place to Work

Hayleys Fentons Limited has achieved a milestone being recognised for the first time as one of Sri Lanka’s Best Workplaces by Great Place To Work.

NDB Bank-Eduko Pathways strengthen global education support

In its continued efforts to empower Sri Lankan students with seamless access to international education opportunities, NDB Bank has entered into a strategic partnership with Eduko Pathways.

Ceylon Chamber of Coconut Industries applauds govt. for securing 20% tariff rate on US exports

The Ceylon Chamber of Coconut Industries extended its sincere appreciation to President Anura Kumara Dissanayake and the negotiating team for securing a reduced 20 percent reciprocal tariff from the United States.

99x reports breakthrough market traction for new agentic AI platform

99x, a global technology services leader, has made significant strides in the field of agentic AI, securing multiple high-impact engagements powered by its proprietary orchestrator platform, Xians.ai (Agentri AI).

Dr. Darshana Jayasinghe unveils SL’s 1st empirically tested influencer marketing model

Marking a significant leap in the country’s digital marketing landscape, Dr. Darshana Jayasinghe has launched Sri Lanka’s first empirically tested model for influencer marketing.