Resus energy to raise Rs.1bn via first green bond by energy firm

Resus Energy PLC is set to break new ground with the launch of Sri Lanka’s first green bond issue by a local energy company, aiming to raise Rs.1 billion to accelerate the nation’s transition to clean energy.

Week begins in red

Indices closed in red as a result of price losses in counters such as Sampath Bank, Commercial Bank and John Keells Holdings with the turnover crossing Rs. 2.4 Bn. High net worth and institutional investor participation was noted in Capital Alliance Holdings

People’s Leasing & Finance’s FY25 marks strong asset expansion amidst steady profitability

People’s Leasing & Finance PLC (PLC), a flagship subsidiary of People’s Bank and a cornerstone in Sri Lanka’s financial services sector, has delivered a commendable performance for the financial year ended March 31, 2025. The company reported a notable year-on-year growth of 51.56 percent in its loans and receivables portfolio, marking a significant achievement driven by a focused transformation of employee mindset and performance culture.

Niroshan Udage to take helm at LB Finance as Adhihetty exits role

LB Finance PLC has appointed Niroshan Udage as its new Managing Director, effective July 01, following the resignation of J.A.S.S. Adhihetty after nearly two decades in leadership.

Geopolitical unease keeps selling sentiment alive

The market opened with a continuation of the selling sentiment that has persisted since the turmoil sparked by the ongoing geopolitical tensions.

Key stakeholders push for mandatory vehicle inspections to curb Sri Lanka’s deadly road accident crisis

A coalition of Sri Lanka’s key transport and safety authorities yesterday issued a unified and urgent call for the implementation of mandatory comprehensive vehicle inspections, moving beyond the current emissions-only testing.

LB Finance and Toyota Lanka sign MOU to introduce financing solutions

LB Finance PLC has entered a strategic partnership with Toyota Lanka (Pvt) Ltd, the sole authorised distributor for Toyota vehicles in Sri Lanka.

ComBank crowned Best Bank in SL for 14th year by FinanceAsia

The Commercial Bank of Ceylon has been honoured as the Best Bank among Sri Lanka’s domestic banks for a remarkable 14th year by FinanceAsia.

CFA Society Sri Lanka Capital Market Awards 2025 today

The CFA Society Sri Lanka Capital Market Awards 2025, the flagship event recognizing excellence in Sri Lanka’s capital markets, takes place this evening at Cinnamon Life at City of Dreams Sri Lanka at 6.00 p.m.

Brown & Company marks 150th year with Rs. 25.89 bn PBT in FY 2025

Marking its 150th year of operations, Brown & Company PLC Group closed the financial year ended 31st March 2025 with a strong performance marked by significant revenue expansion and ambitious acquisitions across core sectors.

HNB launches fully funded home loans with Prime Group

Continuing its mission to make homeownership more accessible and inclusive, HNB PLC has partnered with Prime Group to introduce two new enhancements to its home loan offering.

MTU and DIMO geared to transform Marine and General Engineering sectors in Sri Lanka and Maldives

MTU – a global leader in high-performance propulsion and power systems together with its authorized representative in Sri Lanka and the Maldives, DIMO, is poised to transform the Marine and General Engineering sectors with cutting-edge solutions while solidifying their presence in the region.

Jetour enters local market with Euro Motors

Euro Motors has been officially appointed as the sole agent for Jetour, the globally successful SUV brand. Marking the launch of Jetour in Sri Lanka, Euro Motors unveiled two of Jetour’s models: the Jetour Dashing (5-seater) and the Jetour X70 Plus (7-seater). Commenting on this milestone, Ravindra Senarathne, Chief Operating Officer, Euro Motors said, “We’re proud to introduce Jetour to Sri Lanka - and even more excited about what lies ahead!

Great Place To Work unveils Sri Lanka’s 10 Best Workplaces in tech industry for 2025

Great Place To Work Sri Lanka has announced the 10 Best Workplaces in Technology for 2025, recognizing organizations that foster high-trust, high-performance cultures driving innovation, collaboration, and growth in the tech sector.

Tokyo Cement boosts capacity with high-tech plant in Trincomalee

Minister of Industry and Entrepreneurship Development, Sunil Handunnetti,recently inaugurated Tokyo Cement Group’s cutting-edge cement manufacturing plant in Trincomalee recently. The fully-automated, high-tech cement grinding facility adds 1 million Metric Tons to Tokyo Cement’s total production capacity, increasing it to 4 million metric tons per annum, the largest in the country.

ACCA Sri Lanka welcomes newest members

ACCA Sri Lanka hosted its much-anticipated New Members Ceremony 2025 recently. This annual flagship event marked a significant milestone for aspiring finance professionals who successfully completed their journey to becoming members of the Association of Chartered Certified Accountants (ACCA)—one of the world’s most respected global accountancy bodies.

Ajith de Silva elected President of Colombo MBA Alumni Association

At the Annual General Meeting held on June 19, at the Galle Face Hotel, Ajith de Silva was unanimously elected to the Chair of the MBA Alumni Association.

APB welcomes top banking industry leaders to its Advisory and Fund Management Committees

The Association of Professional Bankers, Sri Lanka (APB) has taken a notable step in furthering its mission by appointing a group of distinguished leaders from both private and public sector banks to serve as Advisers and members of its Fund Management Committee.

NDB applauds dedication and excellence at 2024 Retail Banking Awards

NDB Bank recently hosted its Retail Banking Awards 2024, honouring the exceptional achievements and unwavering commitment of its employees across the island.

Central Bank sounds alarm on misleading overseas property investment ads

The Central Bank (CB) has issued a stern warning to the public regarding advertisements promoting investments in overseas real estate, cautioning against potentially misleading claims and illegal financial arrangements.

Central Finance joins S&P Sri Lanka 20 as Distilleries Co. exits in Index rebalance

The Colombo Stock Exchange (CSE) has announced a change in the composition of the S&P Sri Lanka 20 Index following the 2025 mid-year rebalance by S&P Dow Jones Indices.

Sri Lanka finalises national R&D policy for 2025 launch

Sri Lanka’s new national research and development (R&D) policy has been finalised and is set to be implemented from 2025, a strategic move by the government to pivot the nation towards a production-based economy, driven by value-added products and services.

SLASSCOM launches Global Industry Ambassador Programme

The Sri Lanka Association for Software Services Companies (SLASSCOM) officially launched its Industry Ambassador Programme, a pioneering initiative designed to build strategic bridges with global markets and open new avenues for Sri Lanka’s thriving knowledge and innovation sector.

CCC unveils hyper-realistic whale installation

Colombo City Centre (CCC) of Abans Group marked World Oceans Day 2025 with a powerful message on marine conservation.

Exterminators to represent Futura Germany in Asia

Exterminators PLC has embarked on a strategic partnership with Futura Germany, a leader in innovative digital pest management solutions.

Sungrow-E.B. Creasy Solar launch energy storage systems

Sungrow, a global leader in the solar energy industry, having partnered with E.B. Creasy Solar, the renewable energy arm of E.B. Creasy & Co., PLC, celebrated the launch of Sungrow energy storage systems for the first time in the local market.

Diamond Int’l unveils national crackdown on counterfeit goods

Diamond International Lanka Ltd, a leading name in Sri Lanka’s packaging and security solutions sector for over 17 years, launched a nationwide initiative to combat the growing threat of counterfeit products.

Spanish social media influencers conclude SL FAM trip

A group of Spanish social media influencers arrived in Sri Lanka on an invitation extended by the Sri Lanka Tourism Promotion Bureau and Sri Lanka Embassy in France on May 30, 2025, concluding the trip on June 06, 2025.

NCPC launches 3rd Int’l Conference, NCP Awards

The National Cleaner Production Centre (NCPC), Sri Lanka officially launched the third International Conference on Resource Efficiency and Circular Economy and NCP Awards 2025, at a press briefing held at Cinnamon Lakeside, Colombo.

NCE SVAT seminar’s 3rd session on July 3

The National Chamber of Exporters of Sri Lanka (NCE) will hold the third session of its high-demand seminar on the removal of the Simplified Value Added Tax (SVAT) system on July 3, 2025, at the BMICH.