Indices edge up

The ASPI closed in green as a result of price gains in counters such as Melstacorp, Windforce and Aitken Spence with the turnover crossing Rs. 1.4 bn.

Secondary market slumbers, and ballots take the spotlight

The secondary bond market remained largely dormant yesterday, with trading activity tapering off significantly amid the conduct of Sri Lanka’s Local Government Elections.

Hayleys Solar-BYD introduce advanced battery, inverter solutions

Hayleys Solar has partnered with global renewable energy leader BYD to introduce state-of-the-art energy storage and inverter solutions to the Sri Lankan market, marking a significant step forward in the nation’s energy security and independence.

NDB Wealth holds Annual Sales Awards

NDB Wealth marked a defining moment in its journey with Annual Sales Excellence Awards 2024, held to celebrate a year of record-breaking achievements and the people who made it possible.

Fitch publishes MBSL’s proposed subordinated debt rating of ‘BBB+(EXP)(lka)’

Fitch Ratings has published the expected National Long-Term Rating of ‘BBB+(EXP)(lka)’ on Merchant Bank of Sri Lanka & Finance PLC’s (MBSL, A(lka)/Stable) proposed subordinated debentures of up to Rs.1 billion.

Hemas brands shine at Beautyworld Saudi Arabia

Recently, Hemas International Business showcased its reputed range of herbal and ayurvedic products to an international audience at Saudi Arabia’s leading exhibition.

DFCC Bank wins Visa Commercial Solutions Excellence Award

At the esteemed Visa Leadership Conclave 2025, held recently at The Hilton Colombo, DFCC Bank was recognised with Visa Commercial Solutions Excellence Award 2025 for achieving the highest quarter-on-quarter issuance growth on corporate cards.

French envoy hosts SL-France Business Council Members’ Day

The Sri Lanka-France Business Council (SLFBC) of The Ceylon Chamber of Commerce recently held its annual Members’ Day, graciously hosted by the newly appointed French Ambassador to Sri Lanka Rémi Lambert, at his official residence.

Healthguard Distribution with Micro Healthcare strengthens portfolio

Healthguard Distribution, the country’s only fully-fledged national pharmaceutical distribution service, announced its collaboration with Micro Healthcare Private Limited.

Going beyond US reciprocal tariffs: SL’s exposure to tariffs and exemptions

The United States’ (US) proclamation of ‘reciprocal tariffs’ dealt a blow to the global trade system based on the World Trade Organisation principles.

Omega Line wins top Presidential Export Award

Omega Line Ltd has won the prestigious Merit award in the Large Apparel Category at the Presidential Export Awards ceremony for the year 2023/24, organised by the Sri Lanka Export Development Board.

SL’s financial sector faces over US $ 10bn climate bill

Sri Lanka’s financial sector must gear up to mobilise an estimated US $ 10.85 billion by 2030 to meet the country’s climate commitments, the Central Bank said, while warning that the cost of inaction is rising as climate risks intensify.

Sri Lanka Customs to name and shame tax defaulters, other offenders from June 1

Sri Lanka Customs, from June 1, will publicise the names and particulars of individuals and companies that default on tax, passengers arrested for smuggling contraband and those who intentionally violate the Customs Ordinance, on its official web portal.

President Dissanayake woos Vietnam’s Vingroup for key sector investments

Sri Lanka will see Vietnam venturing into its business landscape, as the latter’s largest private conglomerate Vingroup has been invited to explore investment opportunities in the island’s tourism and real estate sectors. The invitation was extended by President Anura Kumara Dissanayake during a high-level business engagement held at Vingroup’s headquarters in Hanoi, on May 4, as part of his official state visit to Vietnam. While congratulating t

CSE to ring closing bell early today

As the citizens will get busy to cast their vote in the local government elections today, the Colombo Stock Exchange (CSE) said it would trim the trading hours. The capital market operator announced yesterday that trading today would open as usual at 9:30 a.m. but would draw to a close by 12:30 p.m., three hours earlier than the customary closing bell.

Week commences on a positive note

Indices closed in green as a result of price gains in counters such as John Keells Holdings, Commercial Bank and Sampath Bank with the turnover crossing Rs. 1.9 Bn. High net worth and institutional investor participation was noted in Sampath Bank, Melstacorp and the Lighthouse Hotel. Mixed interest was observed in John Keells Holdings, Lankem Developments and Pan Asia Banking Corporation whilst retail interest was noted in Hela Apparel Holdings,

Yield curve softens further as investors maintain buying streak

Building on the previous week’s trend, the investors continued to exhibit a buying sentiment, resulting in moderate trading volumes in the secondary market.

CH17 partners with FinWin Group to launch first franchise operation in the UAE and MENA region

Channel 17 (CH17) Loyalty launched its first international franchise operation in the United Arab Emirates, in strategic partnership with FinWin Group.

FITIS appoints new board for 2025/2026

Federation of Information Technology (Guarantee) Ltd (FITIS) held its 8th Annual General Meeting on 30th April 2025 at the Hilton Colombo Residencies.

CG Hospitality’s ‘The Farm at San Benito’ joins Marriott’s Autograph Collection

In a strategic conversion idea brought to fruition, Marriott International Inc. and CG Hospitality signed an agreement to convert The Farm at San Benito, the well-renowned Philippines wellness retreat, to an Autograph Collection resort, as part of the portfolio of Premium Marriott Hotels.

CSE and NCE partner to empower Sri Lankan exporters

The Colombo Stock Exchange (CSE) and the National Chamber of Exporters of Sri Lanka (NCE) entered into a strategic partnership to support Sri Lankan exporters by enhancing their access to capital market opportunities and broadening visibility for their businesses.

Calton wins National Industry Brand Excellence Award

Calton Sweet House Pvt. Ltd. has been recognised as the Best National Industry Brand in the Medium-Scale Food and Beverage Sector at the National Industry Brand Excellence Awards 2024.

Lanka Sathosa slashes prices by 23%

Lanka Sathosa has announced a notable period of growth in the first quarter of 2025, further solidifying its operational excellence and customer-focused objectives.

E-commerce spending via cards surge by 27.4% in 2024

E-commerce transactions via card payments in Sri Lanka witnessed robust growth of 27.4 percent YoY valuing at Rs.367.6 billion in 2024,

Almost one in three new tourists in SL from India

Indian tourists are driving growth in Sri Lanka’s tourism sector, accounting for nearly one-third of all new arrivals in the first four months of the year, according to data from the Sri Lanka Tourism Development Authority (SLTDA).

ComBank first SL bank to open Representative Office in Dubai International Financial Centre

Commercial Bank of Ceylon PLC (ComBank) is set to become the first Sri Lankan Bank to open a Representative Office in the Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa, and South Asia (MEASA) region.

CB resolves 68% of actionable consumer complaints in 2024 amid enhanced regulatory push

The Central Bank of Sri Lanka (CB) has addressed 68 percent of actionable financial consumer complaints in 2024,

CSE sustains upward momentum for fourth consecutive week

The Colombo Stock Exchange (CSE) continued its upward trajectory for the fourth consecutive week, supported by improved turnover and investor optimism fuelled by a favourable macroeconomic environment. The trading week was shortened to four sessions due to May Day celebrations.

Fcode Labs expands into Europe with key partnership in Sweden

Fcode Labs, a global software product company based in Sri Lanka, has entered the European market through a new strategic partnership in Sweden.

Sterling Engineering wins Best Premium Solar Service Provider Award

Sterling Engineering (Pvt.) Ltd was awarded Best Premium Solar Service Provider in Sri Lanka at Global Business Excellence Awards 2025, recognising its outstanding performance in delivering modern and intelligent renewable energy solutions.