Tea auction offering drops below 5MnKgs this week

The total auction offerings dropped below the 5.0 million kilogrammes (M/Kgs) and totalled 4.8 M/Kgs this week, the lowest volume on offer since Sale No. 47 of November 26/27, 2024.

SriLankan cancels flights due to Heathrow closure

Due to the temporary closure of Heathrow Airport, following a large fire at a nearby electrical substation, SriLankan Airlines flights UL 503 (Colombo to London), scheduled for 12:50 hrs and UL 504 (London to Colombo), scheduled for 20:40 hrs, on March 21, 2025, will not operate.

Sala introduces 1st AI-powered device to Sri Lanka

Sala Enterprises, a pioneer in technological innovation in Sri Lanka for over three decades, has launched Sri Lanka’s first artificial intelligence (AI)-powered hardware device—Emark AI Mouse.

Positive momentum continues

Indices closed in green as a result of price gains in counters such as Commercial Bank, Hatton National Bank and National Development Bank with the turnover crossing Rs. 1.6 Bn.

Yield curve continues to decline as week ends

The secondary market closed the week with continued buying interest from previous days, resulting in high trading volumes and activity.

World Vision launches CAD 5mn project to address climate change impacts in the Dry Zone

World Vision Lanka and World Vision Canada recently launched a CAD 5 million project funded by the Government of Canada through Global Affairs Canada (GAC) to address the adverse effects of climate change on agriculture communities in the dry zone of Sri Lankaand to build their resilience.

JITRCS and HelpAge Sri Lanka unite for life-changing initiative

Just In Time Resourcing & Consultancy Services (JITRCS) recently partnered with HelpAge Sri Lanka’s ‘Gift of Sight’ initiative to fund cataract surgeries for underprivileged elderly individuals.

Denta campaign empowers smiles across Sri Lanka

Denta recently announced the success of their “Wadena Sinahawata Dental Sathkaraya” campaign.

CEAT supports children of rubber farming community in Hatharaliyadda

A community-specific social responsibility initiative of CEAT Kelani Holdings recently benefitted students of the Palana Maha Vidyalaya, Hatharaliyadda, who received school bags, school shoes and exercise books from Sri Lanka’s leading tyre manufacturer.

NDB Bank marks Women’s Day with medical camp

NDB Bank marked International Women’s Day by hosting the Araliya Medical Camp.

Blue Orbit and Cosmic by Citrus offer unique dining, event experience

Blue Orbit by Citrus, Sri Lanka’s only revolving restaurant with a 360-degree panoramic view of Colombo, promises an exceptional dining experience.

CR&FC to Introduce Sri Lanka’s First Fully Intuitive Club App for its Distinguished Members

The Colombo Rugby & Football Club (CR&FC) is proud to announce the upcoming launch of its innovative and fully intuitive mobile app, a first-of-its-kind initiative among clubs in Sri Lanka.

Sri Lanka risks losing US$ 1.23bn in EU exports if GSP+ revoked

New study from IPS indicates the absence of preferential tariff scheme could potentially result in a loss of 36.7 percent of exports to the EU

Banks declare highest ever dividend haul for 2024

Sri Lanka’s listed banks have declared their largest-ever dividend haul for their financial year, ended in December 31, 2024.

Second lot of vehicles for domestic market discharged from HIP

The Hambantota International Port (HIP) successfully discharged the second batch of vehicles for the domestic market last week.

Tourism Ministry announces advisory committee sans female representation

The Tourism Ministry yesterday officially announced the appointment of a 13-member Tourism Advisory Committee, with no female representation.

Capital Alliance Investments lists ‘CAL Five Year Closed End Fund’ on CSE

The ‘CAL Five Year Closed End Fund’ units were officially listed on the Colombo Stock Exchange (CSE) yesterday.

CSE records daily gain of 1.67% with turnover surpassing Rs. 3bn

Indices closed in green as a result of price gains in counters such as Commercial Bank, Hatton National Bank and John Keells Holdings with the turnover crossing Rs. 3.6 bn.

Buying interest persists despite signs of mixed sentiment

The buying sentiment that prevailed over the last few days continued to persist amid some mixed sentiment that was particularly evident for 2028 and 2029 maturities.

Lanka Rating Agency upgrades First Capital Treasuries to A+

First Capital Treasuries PLC (FCT) and Lanka Rating Agency Ltd (LRA) jointly announced the upgrade of FCT’s credit rating to ‘A+’, from ‘A’, reflecting the company’s strengthened financial position, robust risk management practices and continued excellence in Sri Lanka’s capital markets.

HNB Assurance launches Liya Harasara 2025

HNB Assurance PLC (HNBA) launched the 13th edition of ‘Liya Harasara’, an annual initiative dedicated to honouring and empowering women while celebrating the International Women’s Day.

BYD’s first shipment arrives in Sri Lanka

In a momentous event for Sri Lanka’s automotive landscape, the first shipment of BYD’s cutting-edge new energy vehicles (NEVs) has arrived at the Hambantota Port.

Harsha Wickramasinghe appointed as Sustainable Energy Authority DG

Energy Minister Engineer Kumara Jayakody has chosen Harsha Wickramasinghe, a seasoned mechanical engineer, to lead the sustainable energy programme of the country

Salam Ramadan kicks off today

The Western Provincial Council has launched the ‘Salam Ramadan’ campaign, running from March 21-31, with a cultural festival at Green Path, Colombo 7, from March 21-23.

Amicis Holdings wins Autodesk Emerging SAARC Partner of the Year Award

Amicis Holdings (Pvt.) Ltd, a leading Autodesk reseller in Sri Lanka and the Maldives, has been honoured with the Autodesk Emerging SAARC Partner of the Year Award, at a prestigious ceremony in Udaipur, India.

Prima KottuMee Korean Ramen Wins Breakthrough Product of the Year at Keells Partner Power 2025 Supplier Convention

Prima KottuMee Korean Ramen has taken centre stage in the food industry after being honoured with the prestigious “Breakthrough Product of the Year” award at the Keells Partner Power 2025 Supplier Convention.

Sri Lankans Vote Dialog as the Telecommunication Brand and Service Brand of the Year

Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, has been honoured as the ‘Telecommunication Brand of the Year’ for the 14th consecutive year and the ‘Service Brand of the Year’ for the 4th time at the

EFC’s Employers’ Symposium tables solutions for resilient business

Employers’ Symposium 2025, organised by the Employers’ Federation of Ceylon (EFC), took place recently at Monarch Imperial, after a respite of more than five years, owing to the COVID pandemic and socioeconomic unrest that prevailed in the country.

Trio of Radisson Hotels to kick off Markdown Mania on March 27

Following the resounding success of last year’s event, Radisson Hotels Colombo, Kandy and Radisson Blu Resort Galle are set to host Markdown Mania 2025, on March 27 and 28, at the World Trade Centre, Colombo.

HNB empowers 300+ microfinance women entrepreneurs

Hatton National Bank PLC (HNB) reaffirmed its commitment to fostering financial inclusion and empowering women entrepreneurs by hosting a corporate event in celebration of International Women’s Day 2025.