Cartoon of the Day 05-07-2025

No public tickets for City of Dreams grand opening

The management of City of Dreams Sri Lanka has issued an official announcement warning the public about unauthorised tickets being circulated for its grand opening event, scheduled to take place on August 2.

During the week ASPI gains 1.5%

Indices closed in green as a result of price gains in counters such as John Keells Holdings, Melstacorp and Commercial Bank with the turnover crossing Rs. 6.7 Bn.

A dormant session marked by mixed sentiment

As the week wound down, the secondary market settled into a rather subdued rhythm.

‘MMR 25 – Together’ festival set to boost business and tourism in Negombo

The coastal city of Negombo is set to take centre stage this July with the launch of ‘MMR 25 – Together’, a multi-day beach and city festival that fuses motorsports, music, culture, and sustainability to create a powerful platform for tourism promotion, economic revival, and community engagement.

People’s Bank builds pathway at Jaya Sri Maha Bodhi

People’s Bank recently carried out the latest initiative under its ‘Mahajana Mehewara’ CSR program by constructing and inaugurating the pathway (Pethmaga) leading to the western gate of the Anuradhapura Sacred Jaya Sri Maha Bodhi.

Baby Cheramy partners with Sri Lanka College of Pediatricians at Annual Scientific Congress

Baby Cheramy has partnered with the Sri Lanka College of Pediatricians at the 27th Annual Scientific Congress 2025 held recently, reaffirming its leadership in the baby personal care landscape and its commitment to the safety, wellbeing and development of infants.

Festival of Australia announces winners of ‘Entrepreneurship Challenge 2025’

Students of Trinity College, Kandy, Sri Lanka won the Australian Government’s Study Australia Entrepreneurship Challenge 2025. The winners were announced at the Festival of Australia event held in Colombo on June 29.

Varun Beverages celebrates Environment Day with focus on sustainable plastic use

Varun Beverages Lanka Pvt Ltd marked World Environment Day at St. Sebastian College with a series of impactful activities aimed at fostering environmental awareness and promoting sustainable plastic usage among students.

Nestlé Lanka promotes responsible waste management amongst school children

Nestlé Lanka’s Schools Art Competition, under the theme of ‘A greener environment through the eyes of children’ successfully concluded recently.

Unigra and Eiger host culinary demo to elevate Sri Lanka’s HORECA standards

Eiger Holdings (Pvt) Ltd, in partnership with Unigra, a global leader in high-performance ingredients for pastry, bakery, and foodservice professionals, recently hosted a technical demonstration aimed at advancing product knowledge, skill development, and culinary innovation within Sri Lanka’s HORECA industry.

CanHOPE Colombo recognised at Rotary District Awards for Cancer Awareness Initiative

CanHOPE Colombo received official recognition at the Rotary District 3220 Awards, held on June 14, at Cinnamon Life, Colombo, for its leadership in advancing cancer awareness through the Cup of Courage - A High Tea for Cancer Awareness initiative.

Seven Media brings childhood dreams to life with ‘Jack & Gelato’ brand launch

When imagination meets storytelling and a blank canvas becomes a brand, you get Jack & Gelato — the freshest, most playful frozen dairy brand to hit Sri Lanka.

Cinnamon Life launches ‘THE LIFE’ Culinary Membership Programme

Cinnamon Life announced the launch of ‘THE LIFE’, an exclusive food and beverage membership programme designed for those who live and dine with distinction.

Christell Luxury Wellness unveils Sri Lanka’s first Specialty Hair Restoration Clinic

Christell Luxury Wellness hasofficially launched the Christell Super Specialty Hair Restoration Lab, marking a significant advancement in the field of hair loss management and restoration in the country.

Sinopec Energy Lanka marks second anniversary

Sinopec Energy Lanka (Pvt) Ltd commemorated its second corporate anniversary with a special Family Day celebration held in Hambantota, the birthplace of Sinopec’s operations in Sri Lanka.

Central Bank launches landmark financial literacy drive to empower Sri Lankans

The Central Bank(CB) yesterday unveiled a sweeping set of initiatives aimed at bolstering the financial well-being of its citizens, launching the nation’s first comprehensive Financial Literacy Curriculum, a series

Financial literacy only ‘Half the Problem’, warns JICA, urging lender regulation

As Sri Lanka launches new initiatives to boost financial literacy, a top international partner has stressed that merely educating borrowers is not enough. Real financial inclusion, the official warned, will remain out

Nepali parliamentary delegation explores HIP’s investment potential

A high-level delegation from the Federal Parliament of Nepal visited Hambantota International Port (HIP) recently to explore potential business opportunities and gain first-hand insight into the port’s infrastructure,

Sri Lanka inks €30 mn debt rescheduling deal with Hungary

Sri Lanka has signed a bilateral agreement with Hungary’s official export credit agency to reschedule approximately €30 million of outstanding debt, marking another key step in its broader external debt

Sri Lanka sets ambitious goal to rival Singapore’s port capacity by 2035

The Sri Lankan government has set a bold target to elevate the nation’s port capacity to 33 million TEUs by 2035, a figure that would position it to compete with the world’s busiest transshipment hub, Singapore.

Focused interest persists; yields stay anchored

Yesterday’s market tone was marked by selective buying interest, including pockets of foreign participation. 2029 maturities garnered noteworthy investor interest while 2028 maturities also drew consistent interest.

Union Bank Heroes recognises top performers

Launching Union Bank Heroes, a performance-based recognition initiative, Union Bank recognised and awarded the top performers for the first quarter 2025.

NDB Bank with CMA celebrates excellence in MSME development

In commemoration of the United Nations’ MSME Day 2025, NDB Bank participated in the MSME Business Development Summit and Business Excellence Awards hosted by the Institute of Certified Management

Indices closed in red

The ASPI closed in red as a result of price losses in counters such as Hayleys, CT Holdings and Colombo Dockyard with the turnover crossing Rs. 5.6 bn.

SLIM Brand Excellence 2025 calls for entries

The SLIM Brand Excellence Awards return with renewed purpose in 2025, spotlighting Sri Lanka’s most outstanding marketing achievements and brand stories.

Hotel Asia Exhibition and Int’l Culinary Challenge 2025 returns

The 19th edition of Hotel Asia Exhibition and International Culinary Challenge is set to take place from October 20 to 22, 2025, reinforcing its status as the Maldives’ largest and most influential hospitality trade

TWC Capital advises Hela on major FDI deal

TWC Capital, a leading corporate finance advisory firm under TWC Holdings, successfully served as the sole financial adviser to Hela Apparel Holdings PLC on its divestment of two running garment factories in

Sri Lankan insurance broker accuses state body of engaging foreign firm with bribery record

A significant controversy is brewing in Sri Lanka’s insurance sector as Strategic Insurance Brokers (SIB), a local firm, has accused the National Insurance Trust Fund (NITF), a state body, of awarding a reinsurance

Shehani Seneviratne new SLASSCOM Chairperson

Sri Lanka Association for Software and Services Companies (SLASSCOM) has appointed seasoned tech leader Shehani Seneviratne as its Chairperson for 2025/2026.