Pelwatte Dairy Industries invests Rs.3.1bn in new processing facility

Pelwatte Dairy Industries Ltd, Sri Lanka’s largest milk collector and a key player in the dairy sector, is making strides to further solidify its industry leadership, as it has invested Rs.3.1 billion in a state-of-the-art Greenfield dairy processing facility in Ibbagamuwa in the Kurunegala district.

Supreme Court launches online payments via GovPay - A milestone in judicial digitalisation

In a landmark move towards digital transformation within Sri Lanka’s legal system, the Supreme Court officially launched online payment acceptance via GovPay, at a ceremony held on May 15, 2025, at the Supreme Court Complex in Hulftsdorp, Colombo 12, under the distinguished patronage of Chief Justice Murdu Fernando, PC.

Fitch affirms Melstacorp and subsidiary Distilleries at ‘AAA(lka)’; Outlook Stable

Fitch Ratings has affirmed the National Long-Term Ratings of Sri Lanka-based conglomerate Melstacorp PLC and its subsidiary Distilleries Company of Sri Lanka PLC (DIST) at ‘AAA(lka)’. The Outlook is Stable.

Hiruni of Cinnamon Citadel Kandy secures victory at National Bartenders Regional Competition

Cinnamon Citadel Kandy raised the bar at the 30th National Bartenders Competition for the Kandy and Nuwara Eliya region.

Sinopec reinforces commitment to ‘Clean Sri Lanka’ at newly upgraded Nawala filling station

Sinopec marked a significant milestone in Sri Lanka by successfully co-hosting its first Clean Sri Lanka Open Day yesterday together with dealers Kumar and Dilruwan Rajapakse.

ASPI gains 2.9% during the week

The ASPI closed in green as a result of price gains in counters such as John Keells Holdings, LOLC Holdings and Carson Cumberbatch with the turnover crossing Rs. 3.1 Bn.

Buying stance holds firm, yields dip across board

The secondary market sustained the buying sentiment that emerged earlier this week, pushing the yields lower across the curve and signalling a broad softening in rates.

Cinnamon Grand Colombo celebrates dual milestone with celebrity Chef Phillip Davenport

Cinnamon Grand Colombo is marking a significant chapter in its history with a dual celebration: the 50th anniversary of its iconic fine-dining restaurant, The London Grill, and the 20th anniversary of the hotel itself.

Amanté powers Miss Universe Sri Lanka 2025 as Official Main Sponsor

In a significant move for Sri Lanka’s pageantry landscape, intimate wear brand Amanté has been announced as the official main sponsor of Miss Universe Sri Lanka 2025.

INSEE Ecocycle collaborates with PNB and NDDCB for responsible disposal of confiscated heroin

INSEE Ecocycle Lanka (Private) Limited has collaborated once more with the Sri Lanka Police Narcotics Bureau (PNB) and the National Dangerous Drugs Control Board (NDDCB) to responsibly dispose of 494.048 kgs of confiscated heroinvia co-processing technology.

Cambridge hosts second South Asia Schools Conference

The International Education group at Cambridge University Press & Assessment (Cambridge) hosted its second annual South Asia Cambridge Schools Conference,

Grand Leisure Resort opens doors in Negombo

A new luxury care facility for seniors, Grand Leisure Care and Wellness Resort, has officially opened its doors in Kochchikade, Negombo, offering a fresh approach to aged care in Sri Lanka.

Warna 2025 to Illuminate Colombo’s creative scene at Havelock City Mall

Warna 2025 – A Festival of Arts will take place on Saturday 24th and Sunday 25th May 2025, from 10 a.m. to 9 p.m., at the Ground Floor Atrium of Havelock City Mall.

Nippon Paint receives Award of Excellence from SLIA for two products

Nippon Paint Lanka received two Awards of Excellence from the Sri Lanka Institute of Architects recently for two products specially developed for the renovation of old Bathrooms, Laundry and Pantry areas.

Hameedia launches ‘We Create’ – SL’s first online tailoring platform

Hameedia, Sri Lanka’s leading menswear brand, recently launched ‘We Create’, the country’s first-ever digital tailoring platform, via www.envoylondontailorstore.com.

South Asia’s first digital art Vesak experience at Colombo Lotus Tower

A transformative new chapter in the region’s cultural and technological landscape unfolds with Pixel Bloom at the Colombo Lotus Tower, now open to the public.

Ceylinco Life hosts nearly 1,000 ‘Family Savari’ winners at Pearl Bay

Nearly 1,000 adults and children converged recently on Pearl Bay – one of Sri Lanka’s most popular theme parks – for a day-long celebration of family fun courtesy of the country’s life insurance market leader Ceylinco Life.

Making body care a top priority with Body Shop’s Bath & Body offerings

We all crave that feeling: skin that’s not just smooth to the touch, but also soft and wonderfully supple - a sign of health, hydration, and self-love.

Hayleys Group empowers youth through social impact initiatives

The Hayleys Group has been dedicated to empowering youth through its social impact initiatives, across fashion, agriculture, manufacturing, and hospitality, equipping them with skills, confidence, and opportunity.

SLT-Mobitel powers Rathabalagama school with digital access

SLT-Mobitel hosted a meaningful Sinhala and Tamil New Year celebration at Rathabalagama Kanishta Vidyalaya in Hambegamuwa, Thanamalwila, combining cultural festivities with effective digital empowerment for the rural school community.

Tourist arrivals surge early May reaching 32% of 2025 target

Sri Lanka’s tourism sector showed improved growth in tourist arrivals in the first 13 days of May 2025, with an expansion of 21.53 percent year-on-year (YoY) compared to the same period in 2024.

SL finalises US$ 930.8mn restructuring package with India

Sri Lanka has formalised a series of debt restructuring deals with the Export-Import Bank of India, covering credit lines and buyer’s credit facilities worth approximately US$ 930.8 million, the Finance Ministry said

Three Lankan entrepreneurs shine on Forbes 30 Under 30 Asia list 

Sri Lanka celebrated a key milestone as three of its young and emerging entrepreneurs Yanika Amarasekera-Siyaguna, Charith N Silva and Nikin Matharaarachchi, have been named to the prestigious

BOC records Rs. 30bn Pre Tax Profit in 1Q 2025

Bank of Ceylon (BOC) delivered a strong and resilient performance in the first quarter of 2025. Building on the momentum of 2024 the bank maintained financial stability, demonstrated prudent risk

NTB gets off to a solid start to the year with Rs.32bn in new loans

Nations Trust Bank PLC saw some solid growth in new loans in the three months through March 2025, reflecting both the bank’s desire for lending as well as the new found appetite for fresh borrowings from

Hemas appoints Ashish Chandra as Group CEO

Hemas Holdings PLC has appointed Ashish Chandra as its new Group Chief Executive Officer, effective 1 July 2025.

Cargills Bank posts Rs. 162mn PAT for 1Q25

Cargills Bank’s results for the quarter ended 31 March 2025 reflected an increase of Rs. 116 million in profitability when compared to the corresponding quarter in 2024 posting a profit after tax of Rs. 162 million

Provision reversals, non-fund incomes lift Sampath Bank March performance

Sampath Bank reported some robust financial performance in the quarter ended in March 2025 on the back of mainly the non-fund incomes as the net interest income slightly eased due to the decline in the

Sanjaya Gunawardana appointed as new MD

Sampath Bank PLC yesterday announced the appointment of Sanjaya Dias Pujitha Gunawardana as its new Managing Director, effective September 24, 2025, subject to regulatory approvals, according to a

Market buying spree persists as the yield curve softens

Continuing the previous day’s trend, market participants maintained a buying stance, leading to moderate volumes and activity yesterday.