Sri Lanka prepares to host more international films

Sri Lanka is positioning itself to capitalise on the growing global demand for film tourism, but infrastructure and technology must be upgraded to compete internationally, Assistant Director, International Media at the Sri Lanka Tourism Promotion Bureau (SLTPB), Chaminda Munasinghe said.

Sunshine Holdings revenue up but profit dented by higher tax

Sunshine Holdings PLC reported a 7 percent rise in revenue for the financial year ended March 31, 2025, but rising tax costs and shrinking consumer margins dragged on bottom-line performance, narrowing its profit after tax.

MSME financing to ease with launch of National Credit Guarantee Institution

Sri Lanka will launch today the National Credit Guarantee Institution, a government-backed agency designed to expand lending to micro, small and medium-sized enterprises (MSMEs) by providing credit guarantees to banks and financial institutions.

New projects drive WindForce profit up 29% in FY25

Sri Lanka’s WindForce PLC reported a 29 percent increase in net profit to Rs. 2.25 billion at the end of the fiscal year 2024/25, helped by new capacity additions and strong performance across its renewable energy segments.

Aitken Spence posts strong Rs. 25.4 bn EBITDA

Aitken Spence PLC has recorded a strong EBITDA of Rs. 25.4 billion. The EBITDA represents the earnings of the Group before interest cost, tax, depreciation and amortization and includes the share of profits from equity accounted investees.

PickMe achieves record quarterly performance

Ride-hailing firm PickMe (Digital Mobility Solutions) reported a 72 percent jump in full-year profit to Rs. 1.17 billion for the fiscal year ended March 31, 2025, driven by strong revenue growth and its best-ever quarterly performance.

SEC reaffirms strong support for CFA Society SL Capital Market Awards

The eagerly anticipated 12th annual CFA Society Sri Lanka Capital Market Awards is scheduled to be held on June 24, 2025, at Cinnamon Life at City of Dreams.

Lankem Ceylon honoured for mom-inclusive workplace culture

Lankem Ceylon PLC has been recognised by Parenthood Global as one of the Most Outstanding Mom-Inclusive Workplaces.

DMS and Salesforce empower businesses with AI-driven analytics

DMS Software Technologies, in collaboration with Salesforce, hosted an event titled ‘Data Alchemy: Transforming Data into Gold’, at Cinnamon Life – City of Dreams.

IASL appoints 2025/26 office bearers

The Insurance Association of Sri Lanka (IASL), the official representative body of the country’s insurance industry, appointed its office bearers for the 2025/26 term.

Deepal officially launched in Sri Lanka

In a landmark moment for Sri Lanka’s automotive landscape, Deepal, the premium electric vehicle (EV) brand from Changan Automobile, was officially launched at a prestigious event held at Shangri-La Colombo.

Big oil talk in Colombo

Abu Dhabi National Oil Company (ADNOC), the state-owned oil giant of the United Arab Emirates (UAE), opened the door to deeper energy ties with Sri Lanka on Friday, holding high-level discussions with a delegation led by Energy Minister Kumara Jayakody at the Presidential Secretariat in Colombo.

President visits construction expo as industry showcases resilience

Sri Lanka’s construction industry took centre stage on Friday as President Anura Kumara Dissanayake visited Build SL Housing and Construction International Exhibition 2025, the sector’s largest annual trade event, held at the BMICH in Colombo.

SDB bank demonstrates resilience and strategic progress in 1Q 2025

SDB bank reported a resilient performance in the first quarter of 2025, underscoring the bank’s commitment to steady progress, stakeholder value and long-term sustainability.

HNB Assurance Group maintains 30% growth momentum in 1Q 2025

HNB Assurance Group (HNB Assurance and HNB General Insurance) delivered an outstanding performance in the first quarter of 2025, continuing its growth momentum and building on the success achieved in the previous year.

Janashakthi Finance reports robust growth with 34% asset increase for FY 2024/25

Janashakthi Finance PLC (formerly known as Orient Finance PLC), an innovative and customer-focused non-banking financial institution and a subsidiary of JXG (Janashakthi Group), announced a strong financial performance for the financial year 2024/25, achieving notable growth across key indicators, despite the ongoing market challenges.

CAL marks key milestone with listing on Colombo Stock Exchange

The shares of Capital Alliance Holdings Limited (CODE: CALH-N-0000) commenced trading on the Colombo Stock Exchange (CSE) on May 30, 2025.

Sri Lanka pitches strategic sectors to Chinese investors

Sri Lanka is doubling down on efforts to attract Chinese capital and reinvigorate trade ties, banking on deeper economic cooperation to fast-track recovery, following a high-level bilateral business forum held in Colombo yesterday.

CALH.N makes strong market entry with 70% price gain

Capital Alliance Holdings Limited (CALH.N) made a strong debut on the Colombo Stock Exchange yesterday, recording the highest number of trades and a staggering 70 percent gain in share price by market close.

Cartoon of the Day 31-05-2025

Construction activity dips in April on holiday lull

Sri Lanka’s construction sector saw activity ease in April, as work slowed over the Sinhala and Tamil New Year holidays, though the decline was less severe than a year ago, the Central Bank said yesterday.

Ambeon diversifies with strategic stake in UK-backed mining venture

Ambeon Capital PLC is entering Sri Lanka’s mineral sands sector, with a Rs.600 million investment in the high-grade Taprobane Minerals Project in the Eastern province, marking its latest move to diversify beyond its traditional investment base.

Colombo Tea Auction sees mixed demand this week

The Colombo Tea Auction offerings totalled 6.6 million kilogrammes (MnKg)

ASPI gains 6.7% during the month

The ASPI closed in green as a result of price gains in counters such as Hayleys, Capital Alliance Holdings and Commercial Bank with the turnover crossing Rs. 5.1 Bn.

Market mood shifts, profit taking kicks in

As the week came to a close, the secondary market witnessed a reversal of the buying trend that was evident earlier in the week.

Amana Bank empowers Sri Lanka through Financial Literacy Programmes

Amana Bank has reaffirmed its commitment to empowering citizens through financial literacy, promoting informed financial decision-making to drive personal and professional success.

Fashion Bug partners with Sri Lanka Railways for station upgrades

Fashion Bug has recently reinforced its dedication to corporate social responsibility (CSR) through its ongoing efforts to revitalise the iconic Fort Railway Station, a commitment it has upheld since 2013 to enhance the station’s functionality.

AIA Insurance celebrates 30 years of lifesaving impact with Poson Safety Programme

AIA Insurance celebrates a significant milestone this year as it marks the 30th anniversary of its flagship Corporate Social Responsibility initiative—the AIA Poson Safety Programme.

SLT-Mobitel joins with OECSL to boost digital entrepreneurial growth

Empowering digital entrepreneurship island wide, SLT-Mobitel and the Online Entrepreneurs Club of Sri Lanka (OECSL) have officially signed a strategic partnership agreement.

Prima KottuMee spices up with Korean Ramen Bar

Prima KottuMee has once again elevated the Korean Ramen experience with its popular Korean Ramen Bar coming back for round two at Keells Darley Road.