CAL launches Rs.1.58bn IPO eyeing frontier market expansions

Capital Alliance Holdings Limited (CALH), a leading fully-fledged investment bank in Sri Lanka, announced a Rs.1.58 billion initial public offering (IPO), in line with its plans to expand its wings into Kenya and other frontier markets.

Govt. seeks proposals to revitalise public transport through ancillary services and PPPs

In a move to address decades of decline in its public transportation system, the government is seeking suggestions and views from the public to revitalise public transport through ancillary services and public-private partnerships (PPP).

ASPI gains 0.8% during the week

Indices closed in green as a result of price gains in counters such as LOLC Holdings, Royal Ceramics and National Development Bank with the turnover crossing Rs. 2.4 Bn.

Buying momentum continues bringing down belly-end yields

The secondary market continued to witness buying momentum for the third consecutive day, bringing down yields across mid and longer tenures.

National Trust Sri Lanka announces 2025 Awards for Publications on Intangible Heritage

The National Trust Sri Lanka has opened submissions for its 2025 awards programme, inviting Sri Lankan authors to submit books published in 2024 that explore the Island’s intangible heritage.

Emirates doubling down efforts to support children in need

Emirates is doubling down efforts to support children in need and build on the gains it has made over the last two decades to bolster support for 13 community-based organisations and grassroots NGOs that safeguard the health and wellbeing of children.

Royal Avurudu Splendour with Browns Hotels & Resorts

Browns Hotels & Resorts (BHR) elevated the traditional Avurudu celebrations to new heights this year, offering an exclusive royal experience at each of its properties.

Serendib Flour Mills nurtures children through educational support

Serendib Flour Mills (SFML), demonstrating a commitment to nourishing the nation’ and towards social responsibility, undertook two significant initiatives focused on children’s education and environmental awareness recently.

Toastmasters triumph in Kandy

Once the Tranquil Hills of Kandy were set as the hosts for the Annual Year End Conference for Divisions J and F, that also set the tone for the “The Coolest Conference of the Year”, held end of last month.

Panthera Styles opens newest branch in Colpetty

Panthera Styles officially opened its newest branch in Colombo 3 recently.

Leema Creations embraces solar energy

Solar energy is taking over1he world and for good reason! For factories, some of the biggest expenses are associated with the electricity consumed for their operations.

‘GFLOCK Boutique’ opens in Battaramulla

Fashion brand GFLOCK introduced GFLOCK Boutique, an exclusive destination for natural-blend fashion recently.

Seylan Bank continues to empower young minds building solid base for learning

Seylan Bank continues to empower young minds by building a solid bedrock of literacy and learning with the opening of their most recent ‘Pahasara’ library on the 09th of April.

NDB Bank champions ocean conservation with Bar Reef cleanup

NDB Bank became the first local bank to partner with Clean Ocean Force Lanka to support marine conservation through underwater clean-ups.

Chinese Dragon Café opens seasonal outlet at Nuwara Eliya Alpine Hotel

Chinese Dragon Café, the restaurant brand known for Sri Lankan-style Chinese cuisine, has opened a temporary outlet at the Alpine Hotel in Nuwara Eliya for the month of April.

Nations Trust Bank celebrates Lankan artistry with Kala Pola 2025

Nations Trust Bank Private Banking through the Kala Pola 2025 Painting Giveaway, organized by the John Keells Foundation, reinforced its dedication to Sri Lanka’s thriving art scene and strengthened its position as the event’s Official Banking Partner.

ROKY Holdings donates water purification system to school

ROKY Holdings Pvt. Ltd., a provider of water treatment solutions, has installed a state-of-the-art water purification system at B/ Heewelkandura MahaVidyalaya in Uva-Mawelagama.

Hemas Outreach Foundation marks ‘World Down Syndrome Day’

Hemas Outreach Foundation’s (HOF) World Down Syndrome Day festivities, an extension of the ‘Eka Se Salakamu’ (Treat All Alike) social movement, took to the clouds with a unique kite festival on Galle Face Green.

Sri Lanka pushes for trade deal with US

Sri Lanka has ramped up its push for stronger trade ties with the United States, with a high-level delegation meeting officials in Washington D.C. this week to hand over the formal proposals and kick start talks on a bilateral trade agreement.

Port of Colombo sees transshipment volumes dip in 1Q

Transshipment volumes at the Port of Colombo experienced a decline in the first quarter of 2025 compared to the same period last year.

Senior citizens no longer required to visit IRD for TIN registration

In a move aimed at easing the administrative burden on senior citizens and persons with disabilities, the Inland Revenue Department (IRD) yesterday said it has introduced a more accessible procedure for

FitsAir launches Business Class

FitsAir, Sri Lanka’s first privately owned international airline and a leading low-cost carrier, yesterday announced the launch of Business Class across its regional network, which will be effective from today

Seylan Bank records Rs. 2.76 bn PAT in 1Q25

Seylan Bank recorded a Profit before Income Tax (PBT) of Rs. 4,199 million in 1Q25, against Rs. 3,704 million in Q1 2024 demonstrating a growth of 13.36 percent.

Overseas Realty records Rs. 1 bn PBT in 1Q25

Overseas Realty (Ceylon) PLC recorded a Group Revenue of Rs. 2,438 million and a Group Profit Before Tax of Rs. 1,060 million for the first quarter ending 31st March 2025 (1Q25).

SL eyes greater market efficiency as CSE rolls out XBRL reporting for listed firms

Sri Lanka’s capital market took a major step toward modernisation with the launch of the eXtensible Business Reporting Language (XBRL) by the Colombo Stock Exchange (CSE).

Auction alert nudges the curve as yields dip at belly

On 23rd April 2025, CBSL announced a T-Bond auction scheduled for 28th April. The auction will offer Rs. 60.0 bn under the 2029 maturity with a coupon rate of 11.75%, Rs. 55.0bn under the 2031 maturity with a

Indices close in green

The ASPI closed in green as a result of price gains in counters such as Browns Investments, Ceylinco Holdings and Hayleys with the turnover crossing Rs. 1.4 bn.

BOC exceeds Rs.666bn in Avurudu transactions

Bank of Ceylon (BOC) reaffirmed its leadership in banking services by facilitating over Rs.666 billion in customer transactions during the Avurudu season 2025.

Pilot project to strengthen regional contribution to export development

A strategic discussion aimed at enhancing the contribution of provincial export development was held on April 22, 2025, under the patronage of Industry and Entrepreneurship Development Minister Sunil

Senok-Changan launch Deepal EV in Sri Lanka

Changan Automobile, a globally recognised leader in automotive innovation with over 160 years of experience, enters the Sri Lankan market through an exclusive partnership with Senok.