Stock market closes the week positively, despite Friday’s dip due to Middle-East tensions

The Colombo Stock Exchange (CSE) ended the week on a positive note. Despite a significant drop on Friday due to rising geopolitical tensions in the Middle East following a major attack by Israel on Iran, the overall market performance remained strong.

SLYCAN Trust presents draft MAP guidelines to key Sri Lankan stakeholders

SLYCAN Trust hosted a stakeholder gathering recently at NH Collection Colombo as part of the Multi-Actor Partnership (MAP) for Climate and Disaster Risk Management and Finance initiative.

Abans propels LG to No. 1 home electronics brand in Sri Lanka

Signifying the strength of brand partnerships and commitment to quality, Abans has successfully propelled LG to the top of the Sri Lankan home electronics market, in a remarkable feat.

NOCU updates stakeholders on organic standard, regulatory framework

A stakeholder awareness programme on the recent revisions to the Sri Lankan organic standard and regulatory framework was successfully held at the Sri Lanka Export Development Board (EDB).

Godrej Sri Lanka donates Peet-Grady chamber to MRI

In a significant move to support Sri Lanka’s public health infrastructure, Godrej Sri Lanka has donated a Peet-Grady chamber—a specialised entomological research facility, to the Medical Research Institute (MRI) in Colombo.

CCC sets up Local Stationery Manufacturers Association

The Association of Local Stationery Manufacturers (ALSM) was officially inaugurated last week, marking a significant milestone for Sri Lanka’s stationery sector.

Western Power Company’s WtE plant converts illicit cigarettes into electricity

In collaboration with Sri Lanka Customs and Ceylon Tobacco Company PLC, Western Power Company (Pvt.) Ltd, a subsidiary of Aitken Spence PLC, facilitated the secure thermal destruction of a large consignment of illicit cigarettes.

Roar Media to represent SL at Cannes Lions Int’l Festival of Creativity

Roar Media announced that two of its rising creative talents, Senior Creative Associate Verandhi Wadugodapitiya and Creative Designer Ayesha Weerarathne, would represent both Sri Lanka and Roar Media at the prestigious Cannes Lions International Festival of Creativity 2025.

Family business continuity and strategic growth-focused forum tomorrow

The Sri Lanka Institute of Directors (SLID) will conduct a family business forum on June 17, 2025, at Cinnamon Grand Colombo, commencing at 5:30 p.m.

ComBank-Senok unveil special offers on construction machinery, equipment

Companies in the construction sector have been provided an opportunity to acquire new equipment through affordable leasing options created via a collaboration between Commercial Bank of Ceylon and Senok Trade Combine (Pvt.) Ltd, which represents global brands in construction machinery and equipment.

NDB Araliya unveils exciting gifts

In keeping with its commitment to empowering women through meaningful financial solutions, NDB introduces exciting gifts from NDB Araliya, ‘to women who empower the nation’.

Pan Asia Bank among elite top 10 of country’s most awarded companies

Pan Asia Bank has surged ahead, claiming its place among Sri Lanka’s most celebrated institutions—recognised for its bold leadership in CSR, SME development, ESG initiatives, digital transformation and marketing innovation.

ASUS launches AI-powered Expert PC series

ASUS, a global leader in cutting edge technology and innovation, announced the launch of the highly anticipated and all-new ASUS Expert series at an exclusive event in Colombo.

FITIS gears up to make Sri Lanka a digital hub in Asia

The Federation of Information Technology, (FITIS) declared to make Sri Lanka the leading innovation and digital economic hub in Asia by fostering emerging technologies, enabling a future-ready workforce and driving sustainable digital transformation that enhances global competitiveness and inclusive prosperity.

SMB Finance surpasses Rs.6bn assets

SMB Finance PLC has marked a significant milestone in its journey by surpassing a total asset base of Rs.6 billion, within a mere two years of obtaining its finance business licence.

CBSL welcomes IMF First Deputy Managing Director Dr. Gita Gopinath

Governor of the Central Bank of Sri Lanka Dr.Nandalal Weerasinghe, together with senior officials of the CBSL welcomed Dr. Gita Gopinath, First Deputy Managing Director of the International Monetary Fund (IMF) and Dr. Krishna Srinivasan, Director of the Asia and Pacific Department (IMF) along with other senior officials.

S’pore’s Q Collection establishes apparel manufacturing operations in SL

Q Collection Pte. Ltd, a Singapore-based apparel manufacturer recognised for its operational excellence and product diversification, has announced the establishment of manufacturing operations in Sri Lanka with a strategic support from Hela Apparel Holdings PLC, a leading global apparel solutions provider.

George Steuart sells over 10% stake in HVA Foods via market trades

HVA Foods PLC, known for its Heladiv brand, on Thursday announced that its majority shareholder George Steuart & Company Ltd divested more than 10 percent of the company’s issued voting shares through a series of market transactions.

People’s Bank triumphs at AICPA & CIMA - JXG Pinnacle Awards 2025

In a resounding affirmation of its industry leadership and commitment to excellence, People’s Bank secured multiple prestigious awards at AICPA & CIMA - JXG Pinnacle Awards 2025, held on June 11, at Cinnamon Life, Colombo.

SLPA showcases East Container Terminal at Tianjin International Shipping Expo 2025

The Sri Lanka Ports Authority (SLPA) showcases the Colombo East Container Terminal, along with the other existing terminals, at Tianjin International Shipping Expo 2025. The SLPA team,

SriLankan Airlines says compelled to make changes to European routes

Due to the escalating tensions in the Middle East, the airspace in certain parts of the region has been closed.

ASPI gains 0.2% during the week

Indices closed in red as a result of price losses in counters such as Hatton National Bank, Melstacorp and DFCC Bank with the turnover crossing Rs. 3.9 Bn.

Middle East tensions prompt selling stance in secondary market

Influenced by heightened Middle East tensions, investors in the secondary market adopted a selling stance.

AI and Data Analytics Summit 2025 ignites SL’s digital future

The AI and Data Analytics Summit 2025, held at Hotel Taj Samudra, Colombo, stood out as a landmark event in Sri Lanka’s technological journey.

South Asia celebrates World Ocean Day

Greenpeace South Asia marked World Oceans Day 2025 with a celebration at Gintota Beach in Galle, where a stunning gathering of kayaks featuring a majestic turtle took center stage to highlight the critical role the ocean plays in sustaining biodiversity, regulating the climate, and supporting coastal communities.

Passion Vista honours Prassanna Pathmanathan

Prassanna Pathmanathan, one of Sri Lanka’s leading names in fashion and pageantry, was awarded the “Creative Visionary in Fashion and Pageantry” title at the Passion Vista Style and Glamour Awards & Global Leadership Forum held on May 4th at Waters Edge Hotel.

Ceylinco Life hosts policyholder families to five days in Shanghai

A holiday in Shanghai, one of China’s biggest and most vibrant cities, was the latest reward provided by Ceylinco Life to a group of policyholders under the 18th edition of the company’s Family Savari mega promotion.

Union Assurance ‘Suwa Maga’ leads fight against diabetes

Chief Executive Officer at Union Assurance - Senath Jayatilake, Chief Marketing Officer of Union Assurance- Mahen Gunarathna and Vice President, Sri Lanka Diabetes Association - Dhanya Wijesuriya share their views on ‘Suwamaga Mobile Screening Unit’ and the impact diabetes has made on the Sri Lankan society.

LB Finance marks World Environment Day with coastal conservation programme

Reinforcing its commitment to environmental sustainability, LB Finance PLC launched a large-scale Coastal Conservation Initiative along the Colpetty to Bambalapitiya shoreline in celebration of World Environment Day 2025.

Activ8 Asia balances AI with nature through ‘GPT’ green initiative

In celebration of World Environment Day 2025, Activ8 Asia, in collaboration with the Colombo Municipal Council (CMC), launched an inspiring green initiative titled Project GPT – Go Plant a Tree.