Free Trade Zone Manufacturers Association elects office bearers for 2025-2026

At the 44th AGM of the Free Trade Zone Manufacturers Association held on 28th March at Jetwing Colombo Seven, Dhammika Fernando was re-elected as the Chairman, and M. H. Z. M. Marzook was elected as the General Secretary for 2025/2026. Fazal Abdeen and Nishantha Bakmeege became Vice-Chairmen, while Manjula Mahadanaarachchi remained as the Treasurer.

SDB bank honours employee achievements at Annual Business Awards

SDB bank recently hosted the SDB bank Annual Business Awards to honour and appreciate the outstanding contributions of its employees for their remarkable performance in 2024.

Technomedics International wins big at Best Management Practices Awards

Technomedics International Pvt Ltd., has been recognised yet again for its outstanding service and contribution to the medical industry. The company shone with two awards at the recently held CPM International Management Conference. The Best Management Practices Awards 2025, organised by the Chartered Professional Managers of Sri Lanka (CPM Sri Lanka). The company was listed among the Twenty Outstanding Companies Awards category, which is a test

Prime Residencies ‘One Tangalle’ commences construction

Prime Residencies PLC has commenced the construction of ‘One Tangalle’, an ultra-luxurious boutique development in southern beachfront living. The official ground breaking ceremony for the project took place on April 26, in the presence of homeowners, consultants and all other stakeholders.

SL recovery no “understatement”, says CB Governor

Sri Lanka may still be on the road to recovery, but its steps in correcting long-standing policy failures are now being recognised where it matters most—by key international lenders.

Alliance Finance becomes first SL NBFI to list green bond on LuxSE

Alliance Finance Company PLC (AFC) has listed its green bond on the Luxembourg Stock Exchange and the Luxembourg Green Exchange, following its initial listing on the Colombo Stock Exchange in February 2025.

Emirates reaffirms long-term commitment to SL’s tourism industry

Emirates and the Sri Lanka Tourism Promotion Bureau (SLTPB), at the Arabian Travel Market 2025, renewed their partnership aimed at further developing the country’s tourism and trade industries. The partnership was sealed through a Memorandum of Understanding (MoU) between the two parties.

MSC Mariella makes record call at Colombo Port

Marking a historic milestone for Sri Lanka’s maritime industry, the ultra-large container vessel (ULCV) MSC MARIELLA, one of the largest container vessels in the world and the largest in the MSC fleet, made its maiden call at the Colombo East Container Terminal (CECT) of the Sri Lanka Ports Authority (SLPA) at the Port of Colombo (POC).

February industrial production adds more steam amid a recovering economy

The Index of Industrial Production (IIP) added more heft in February 2025, reflecting gradual recovery in the industrial activities in the country after the economic normalcy has been re-established after years of wobbling conditions.

ASPI up for 4 sessions straight

The ASPI closed in green as a result of price gains in counters such as John Keells Holdings, Ceylon Tobacco Company and Aitken Spence with the turnover crossing Rs. 2.0 bn.

Yields edge down amid tepid volumes

CBSL conducted its weekly T-Bill auction yesterday, raising Rs. 145.0bn in line with the initial offering.

Sri Lanka Tourism makes inroads into Middle Eastern market

On April 28, 2025, the Sri Lanka Tourism Promotion Bureau (SLTPB) inaugurated its dynamic national pavilion at the 32nd Arabian Travel Market (ATM) held at the Dubai World Trade Centre.

Radisson Blu Hotel, Galadari Colombo appoints Marko Jannssen as GM

As Galadari Colombo undergoes an exciting transformation and prepares to unveil its new identity as Radisson Blu Hotel, Galadari Colombo, Radisson Hotel Group announced the appointment of Marko Janssen as the hotel’s new General Manager.

Grammy winner Ne-Yo set to perform live in Sri Lanka this December

Renowned American R&B superstar and three-time Grammy award winner Ne-Yo is set to electrify Sri Lanka with his first-ever live performance in Colombo in December 2025, in a spectacular event organised by Brown Boy Presents and Cinnamon Grand Colombo joins as the official hospitality partner, ensuring an unparalleled experience for the event.

Hayleys Fentons recognised at Best Management Practices Awards

Hayleys Fentons Limited demonstrated its leadership by securing top honours at Best Management Practices Company Awards 2025.

SL-Italy Business Council discusses ways to win Italian tourists

The Sri Lanka-Italy Business Council (SLITBC) of The Ceylon Chamber of Commerce, in collaboration with the Embassy of Italy in Colombo, hosted a workshop recently on ‘Winning and Retaining Italian Tourists’, bringing together tourism industry leaders, diplomatic representatives and travel experts from Italy.

Lenovo launches 14th Gen Intel Desktop

Lenovo, in collaboration with IT Gallery Computers (Pvt.) Ltd, hosted an exclusive event in Sri Lanka, which featured an impressive line-up of devices, insightful keynotes and in-depth product sessions, with a special focus on the introduction of the next-generation ThinkCentre Neo 50t Gen 5 and up to five years onsite warranty.

People’s Bank chief dismisses Fitch concerns, points to strong capital position

People’s Bank CEO/GM Clive Fonseka has strongly refuted concerns raised by Fitch Ratings regarding capital vulnerabilities in the state-owned banks, maintaining that his institution remains financially robust despite the recent challenges.

TSHDA-Solidaridad strengthen SL’s smallholder tea sector

In a major step toward transforming Sri Lanka’s smallholder tea sector, the Tea Small Holdings Development Authority (TSHDA) and Solidaridad, in partnership with Regenagri, Control Union and Nucleus Foundation, concluded a two-day capacity building workshop on the Regenagri standards for tea extension officers.

MegaPay’s Pay&Go directly integrates with LECO

In a significant move to enhance Sri Lanka’s digital payment landscape, MegaPay, shaping the future in fintech, has announced a direct integration between its flagship product Pay&Go and Lanka Electricity Company (LECO).

Cargills partners Sri Lanka Masters Hockey Cup 2025

Cargills (Ceylon) PLC announced its role as the title sponsor of Sri Lanka Masters Hockey Cup 2025, which will take place from May 1 to 3, 2025, at the Colombo Astro Turf.

Illegal confectionery floods SL market: Leading confectioner warns

A rise in illegal confectionery products entering Sri Lanka’s local market is posing significant challenges for the legitimate businesses and creating health risks for the consumers, a top industry representative warns.

CSE establishes Central Counterparty to enhance market stability

The Colombo Stock Exchange (CSE) has unveiled an initiative to bolster market efficiency and reduce systemic risk with the establishment of a Central Counterparty (CCP) through its newly formed entity, CSE Clear (Private) Limited.

No vehicle shortage; 7,000 units imported: Importers

The Vehicle Importers’ Association of Sri Lanka (VIASL) yesterday affirmed that there is no shortage of imported vehicles in the country, with nearly 7,000 new vehicles have already been imported to both the Hambantota and Colombo Ports.

Jetwing Vil Uyana named to Wanderlust’s first Wandersleeps 2025 list

Jetwing Vil Uyana has been featured on Wanderlust Travel Media magazine’s inaugural Wandersleeps 2025 list, which celebrates 50 of the world’s most authentic, distinctive and responsible places to stay. “This outstanding ecolodge was the first in Sri Lanka to construct its own wetland system, with lakes and reedbeds forming a private nature reserve within its own grounds. This allowed the architects to integrate guest accommodation seamlessly int

Fitch affirms Hemas Holdings at ‘AAA(lka)’; Outlook Stable

Fitch Ratings has affirmed the National Long-Term Rating on Sri Lankan consumer brands and healthcare company Hemas Holdings PLC at ‘AAA(lka)’, with a Stable Outlook. The rating underscores Hemas’ defensive operating cash flows, driven by its healthcare and consumer brands businesses, which contribute approximately 90 percent of the group’s EBIT. The Stable Outlook is supported by Fitch’s expectations that Hemas will continue to maintain a robus

PGP Glass Ceylon reports higher March profits from lower costs, better sales

PGP Glass Ceylon PLC reported a robust bottom-line performance for the three months ended in March 2025, in a reflection of the strength in the industrial sector activity across a wide spectrum of sectors and also from the lower costs, which helped higher margins. The company reported a topline of Rs.5.66 billion for the January-March period, the company’s fourth fiscal quarter, up by a modest 2.4 percent from the same period last year. PGP is Sr

Week commences in green

The ASPI closed in green as a result of price gains in counters such as John Keells Holdings, C T Holdings and Dialog Axiata with the turnover crossing Rs. 2.7 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in John Keells Holdings, Hemas Holdings and Cargills. Mixed interest was observed in Vallibel Finance, Browns Investments and Commercial Bank whilst retail interest was

CBSL T-bond auction concludes with 3.0x oversubscription

Yesterday, the Central Bank of Sri Lanka (CBSL) conducted a T-bond auction worth Rs.155.0 billion, raising a total of Rs.60.0 billion through the 15.06.2029 maturity, which recorded a weighted average yield of 10.30 percent. Additionally, Rs.55.0 billion and Rs.40.0 billion were raised through the 15.03.2031 and 15.03.2035 maturities, respectively, at the weighted average yields of 10.96 percent and 11.22 percent. The auction was fully subscribe

Pinnacle Awards ‘2025’ returns after 18 years with new collaboration

Originally initiated by Janashakthi Insurance, the event now returns under the leadership of JXG (Janashakthi Group). Reflecting the expanded role of the Group, the initiative makes its comeback as the ‘CIMA - JXG Pinnacle Awards’, in collaboration with AICPA & CIMA Sri Lanka. Scheduled for 11 June 2025 at Cinnamon Life, the awards return after nearly two decades to once again recognise and celebrate excellence, leadership, and innovation across