Indices closed on a mixed note

The ASPI closed in green as a result of price gains in counters such as Melstacorp, Seylan Bank and Ceylon Tobacco Company with the turnover crossing Rs. 5.2 Bn. Meanwhile, the S&P SL20 edged down. High net worth and institutional investor participation was noted in Hatton National Bank, Hatton National Bank nonvoting and The Lighthouse Hotel. Mixed interest was observed in John Keells Holdings, ACL Cables and Softlogic Finance whilst retail inte

EDB launches Regional Exporters Networking Initiative in Kandy

The Sri Lanka Export Development Board (EDB), under the patronage of Minister of Industry and Entrepreneurship Development Sunil Handunnetti, successfully conducted the Regional Exporters Networking Forum on July 29th at the Mahaweli Reach Hotel, Kandy.

Tea industry overview (Jan - June, 2025)

The Sri Lankan tea industry saw an increase in Production and Exports but recorded a drop in the National Average price for the period from January to June 2025 compared to the same period in 2024.

NDB Bank named Sri Lanka’s Best Digital Bank for SMEs at EuromoneyAwards

National Development Bank PLC (NDB) was recently named Sri Lanka’s Best Digital Bank for SMEs at the Euromoney Awards for Excellence 2025, reaffirming its leadership in delivering progressive, technology-driven, and focused solutions that align with the nation’s strategic development priorities.

“AI won’t replace printers, but printers using AI will,” says industry innovator

In a compelling address at the 8th Round Table Conference in Colombo last week, Himanshu Pandey of Avantika Printers urged the printing industry to embrace Artificial Intelligence or risk becoming obsolete.

ICC breaks ground on ‘The Residencies Kohuwala’

International Construction Consortium (ICC) announced the groundbreaking of its latest residential project, “The Residencies Kohuwala”.

TRI-ZEN achieves landmark 700 unit handover

John Keells Properties (JKP) announced a historic milestone with 700 apartment units successfully handed over to homeowners at TRI-ZEN — marking the largest handover of residential units in a single development in Sri Lanka to date.

AIA Insurance honours brightest stars at 2025 Sales Convention

AIA Sri Lanka recently hosted its annual Sales Convention at the Shangri-La, Colombo.

GRI launches Sri Lanka’s first 1000-20 20PR truck tyre

In a landmark moment for Sri Lanka’s tyre industry, Global Rubber Industries (GRI) launched the ‘ROADEX TR100 1000-20 20PR’ truck tyre — the first of its kind in the country — at a ceremony held on 26th July at Clover Banquets, Kelaniya.

DIMO offers warranty on rubber tracks for LOVOL harvesters

DIMO Agribusinesses, the agricultural arm of DIMO, offers the first and only warranted rubber tracks in Sri Lanka on a harvester through its LOVOL harvesters.

Samsung Sri Lanka introduces Exclusive Easy Pay programme

Samsung Sri Lanka has officially launched Samsung Exclusive Easy Pay, monthly instalment programme that makes it easier than ever for Sri Lankans to own the latest Samsung Galaxy smartphones and tablets. Powered by strategic partnerships with John Keells Office Automation (JKOA), Helios and Alliance Finance (AFC), this initiative delivers affordability, accessibility and simplicity for consumers across the island.

Unimo Enterprises introduces all-new JMEV ELIGHT Sedan

Unimo Enterprises Limited, a fully-owned subsidiary of United Motors Lanka PLC, took a significant step in Sri Lanka’s electric mobility journey with the launch of JMEV ELIGHT EV Sedan at the 2025 Colombo EV Motor Show. This important addition expands Unimo’s electric vehicle (EV) portfolio, which now features two pioneering brands – SERES and JMEV – offering eco-conscious Sri Lankan drivers a greater choice.

Allianz Insurance Lanka recognised again as a Great Place to Work

Allianz Insurance Lanka Limited, one of Sri Lanka’s leading general insurers and part of the global insurance leader Allianz SE, has been certified once again as a Great Place to Work in Sri Lanka.

Beedi tax hike misses revenue target as smuggling, license drop take toll

The latest increase in tobacco tax on beedi products has failed to meet its intended revenue targets, with authorities pointing out a drop in licensed manufacturers and rising illicit trade as key reasons for the shortfall.

Detention of BYD EVs sets ‘dangerous precedent’: Expert

A move by Sri Lanka Customs to detain over 1,000 BYD Atto 3 electric vehicles over allegations of misdeclared motor capacity is being slammed by a top motor industry expert as a misguided action that sets a dangerous precedent for the rule of law and investor confidence in Sri Lanka.

Seylan Bank records Rs.5.49 bn PAT in 1H25

Seylan Bank recorded a Profit before Income Tax (PBT) of Rs. 8,444 million in 1H2025, against Rs. 7,331 million in 1H2024 demonstrating a growth of 15.18 percent.

John Keells CG Auto sets record straight

John Keells CG Auto (Pvt) Ltd (JKCG), the authorised distributor of BYD vehicles in Sri Lanka, late last evening issued a statement to address the circulating news articles regarding a consignment of a select model of BYD vehicles.

PickMe reports strong 1Q performance with 50% revenue growth

Digital Mobility Solutions Lanka PLC., owner of Sri Lanka’s leading technology-based mobility platform PickMe, announced its financial results for the first quarter of financial year 2025/26, delivering exceptional growth across all key performance indicators.

Crossings boost turnover

The ASPI edged up as a result of price gains in counters such as ACL Cables, Melstacorp and Hayleys with the turnover crossing Rs. 7.5 bn.

CBSL accepts selective bids at bond auction

The secondary market endured another subdued trading session yesterday, resulting in a largely unchanged yield curve as activity remained minimal.

SL-Canada Business Council holds 34th AGM

The 34th Annual General Meeting (AGM) of the Sri Lanka-Canada Business Council (SLCBC) of The Ceylon Chamber of Commerce was held recently.

Pan Asia Bank relocates Horana branch

Pan Asia Bank to announced the relocation of its Horana branch to a new, more accessible and customer-centric location.

HNB-Home Lands unveil enhanced home loan solution

HNB PLC has further strengthened its partnership with Home Lands Group to offer an enhanced suite of home loan facilities to aspiring homeowners.

Union Assurance expands e-MER initiative with Medihelp Hospitals

Union Assurance announced the expansion of its groundbreaking electronic medical examination report (e-MER) and digital medical records initiative through a new partnership with Medihelp Hospitals.

Delmege Insurance Brokers, SL’s No. 1 Insurance Brokering Company again

Delmege Insurance Brokers has once again secured the top position as the No. 1 Insurance Brokering Company in Sri Lanka, as recognised in Global and Local Insurance Outlook 2024, published by the Insurance Regulatory Commission of Sri Lanka (IRCSL).

Emirates announces new Country Manager for Sri Lanka and Maldives

Emirates announced the appointment of Jaber Mohamed as the airline’s Country Manager for Sri Lanka and the Maldives, effective August 1, 2025.

CCC to network with SL’s newest mission heads on Aug. 5

The Ceylon Chamber of Commerce (CCC) announced an Interactive Session with Newly Appointed Heads of Mission of Sri Lanka – 2025, taking place on Tuesday, August 5, 2025, from 2:30 p.m. to 4:30 p.m., at the ground floor auditorium of the CCC.

Dialog Enterprise powers HNBIB’s digital transformation

Dialog Enterprise has partnered with HNB Investment Bank (HNBIB), encompassing HNB Stockbrokers, HNB Securities and its corporate finance arm, to deploy a comprehensive suite of ICT infrastructure solutions.

Women’s Chamber empowers Jaffna WSMEs

The Women’s Chamber of Industry and Commerce (WCIC) screened 20 women-owned small and medium enterprises (WSMEs) to benefit from the Rotary Hope on Wheels project.

Hayleys Electronics opens Nugegoda smart hub

Hayleys Electronics Limited (HEL), part of the projects and engineering sector of Hayleys PLC and a pioneer in engineering accessories and services in Sri Lanka for over 90 years, has unveiled a purpose-built flagship centre at No. 311, High Level Road, Gangodawila, Nugegoda.