Sunshine Foundation for Good continues to support children’s education

Sunshine Foundation for Good (SFG), the CSR arm of Sunshine Holdings PLC, has once again demonstrated its commitment to education by distributing stationery gift vouchers to schoolchildren.

Assetline Finance drives sustainable conservation at Kaudulla National Park

Assetline Finance Limited (AFL) has taken another step in its commitment to environmental sustainability and social welfare with a new initiative at Kaudulla National Park, contributing to biodiversity conservation and climate resilience while supporting the efforts of the Department of Wildlife Conservation.

‘CEAT Cares’ presents road safety equipment to 30 more schools

Thirty schools in Sri Lanka have received equipment for traffic and pedestrian management from CEAT Kelani Holdings, as the country’s leading tyre manufacturer concluded the 15th year of its road safety programme for school children.

COYLE hails Budget 2025

President and Finance Minister Anura Kumara Dissanayake’s first budget marks a decisive step in our country’s economic journey. It demonstrates true consensus across governments over time on the fundamental principles of Sri Lanka’s economic policy. The market is given the primary role in the economy, with the government playing the important function of regulator and intervening in the market when required, the Chamber Of Young Lankan Entreprene

Nehemiah Consultants celebrates 10th anniversary

Boutique public relations agency Nehemiah Consultants, celebrates its 10th anniversary this year.

SLASSCOM launches second edition of ‘Fit Hit’

SLASSCOM, Sri Lanka’s apex body for the IT/ BPO industry, announced the second edition of its flagship wellness initiative, Fit Hit, powered by Union Assurance.

Weligama Bay Marriott Resort & Spa launches Quan Spa Wellness Membership

Weligama Bay Marriott Resort & Spa has unveiled its Quan Spa Membership Programme recently with the participation of Melloney Dassanayake, the reigning Ms. Universe Sri Lanka. Dassanayake, now the official Face of Quan Spa for the next six months, aims to inspire travellers to embrace transformative wellness journeys.

Sri Lanka aims to boost SME export share to 12-15% by 2027

The local Small and Medium Enterprise (SME) sector will need to step up its efforts to tap international markets, as the government aims to increase its contribution to Sri Lanka’s exports to 12-15 percent over the next 2-3 years.

Port of Colombo off to a shaky start in 2025

The Port of Colombo began 2025 on a shaky start as transshipment container volumes declined amidst persistent congestion, marking a contrast to the robust growth experienced in the first and latter parts of 2024.

Sri Lanka can meet revenue targets without tax hikes: Duminda Hulangamuwa

The government is optimistic about achieving its revenue targets under the tax reforms introduced in the 2024 Budget, provided the economy expands beyond projections set by the International Monetary Fund (IMF), Senior Economic Advisor to the President, Duminda Hulangamuwa, said.

NDB reports highest-ever Group PBT, surpassing Rs. 24.0bn

National Development Bank PLC (NDB) yesterday announced a record-breaking profit for the financial year 2024, marking a significant milestone in the bank’s growth trajectory.

JAAF warns of risks in premature SVAT removal

The Joint Apparel Association Forum (JAAF), while joining the bandwagon in welcoming Budget 2025, expressed serious concern over the potential impact of a premature removal of SVAT without a clear, well-tested alternative. The Forum was among those who advocated for a digitally driven VAT refund solution with minimal human intervention, ensuring efficiency and transparency.

SC to hear FR petition challenging Lyca Group acquiring 11 plus media on March 27

A Fundamental Rights petition challenging Lyca Group’s indirect acquisition of the 11 plus media and broadcasting licenses, filed by social activist Jamuni Kamantha Thushara, was heard by the Supreme Court yesterday. The petitioner claims that the Lyca Group violated Sri Lankan law in acquiring the 11+ media and broadcasting licenses, including those formerly owned by EAP Group, and has also raised concerns about a serious national security threa

Tea exports show modest growth in January

Sri Lanka’s tea exports for January 2025 amounted to 19.37 million kilograms, reflecting a growth of 0.61 million kilograms compared to the same period in 2024 when exports totalled 18.76 million kilograms.

Crossings account for 20% of turnover

The ASPI closed in red as a result of price losses in counters such as Ceylinco Holdings, Hatton National Bank and Melstacorp with the turnover crossing Rs. 2.9 bn.

DFCC Bank Dec. profits up 80% from lower provisions and capital gains from ISBs

DFCC Bank PLC reported some solid financial performance for the three months ended in December 2024 backed by strong lending book, impairments on loans which were only a fraction from a year ago and also some sizable amount of capital gains from the sale of the International Sovereign Bond investments.

Foreign buying extends the buying stance for 3rd consecutive session

Market participants in the secondary market continued their buying momentum for the third consecutive day, driven by strong foreign buying interest.

ComBank’s 2023 annual report wins top ACCA Sustainability Reporting Awards

Commercial Bank of Ceylon’s prowess in comprehensive disclosure of sustainability-related information to stakeholders has won its 2023 annual report two top awards at the 2025 Sustainability Reporting Awards presented by the Association of Chartered Certified Accountants (ACCA).

SLICM-SLAF strengthen agri-entrepreneurship in Sri Lanka

In a move set to transform the agricultural entrepreneurship landscape in Sri Lanka, the Sri Lanka Institute of Credit Management (SLICM) and Sri Lanka Agripreneurs Forum (SLAF) signed a memorandum of understanding (MoU) at the Vallibel Finance PLC auditorium.

Trident appointed as MSI commercial product distributor for Sri Lanka and Maldives

Trident Corporation, a country’s renowned IT distributor has been appointed as MSI commercial distributor in Sri Lanka and the Maldives.

Xiaomi launches Redmi Note 14 series in SL

Xiaomi, the global technology leader, has officially launched the Redmi Note 14 series in Sri Lanka at a press conference held at Cinnamon Life Colombo.

Access Motors introduces new Range Rover

The new Range Rover was unveiled in Sri Lanka at an event held at Shangri-La Hotel Colombo. It defines modern luxury, providing more refinement and scope for personalisation than ever before.

Top universities to compete in 2024/25 CFA Institute Research Challenge

CFA Society Sri Lanka announced the selection of the top four teams for the local finals of the 2024/25 edition of the CFA Institute Research Challenge competition.

Aitken Spence holds 1st flagship Disaster Risk Reduction programme

Aitken Spence held its first flagship Disaster Risk Reduction (DRR) programme recently to bring awareness to the importance of looking at increasing resilience building mechanisms, practical process creation for disaster response and always looking at reducing hazards, be it natural or manmade.

People’s Bank holds Remittance Vaasi Kotiyai final draw

The final draw of People’s Remittance Vaasi Kotiyai 2024 was recently held on the People’s Bank Overseas Customer Services premises in Colombo 10, selecting the grand winner of the Rs.2,000,000 prize. During the event, the weekly winners for the period from November 18 to December 31, 2024, along with the monthly winners for November and December, were also selected.

President defends Budget 2025 as best path forward despite concerns

President Anura Kumara Dissanayake yesterday stood by the proposals in his maiden budget, insisting that it is the most practical course of action, given Sri Lanka’s economic realities.

SriLankan looks for new CEO to pilot its next phase

Sri Lanka’s national carrier is gearing up for a leadership change, with SriLankan Airlines officially on the lookout for a new chief executive officer (CEO) to guide the airline through its next phase of transformation.

Proposed tax appeal amendments draw industry criticism

The government’s latest amendments to the Tax Appeal Commission (TAC) law have come under fire from the business community, with concerns mounting over its efficiency and fairness in addressing the taxpayer grievances.

Govt. expects tax culture shift with Budget 2025

The government anticipates a positive transformation in the country’s taxpaying culture with Budget 2025, according to Finance and Planning Deputy Minister Dr. Harshana Suriyapperuma.

Indices close on a negative note

The ASPI closed in red as a result of price losses in counters such as Ceylon Tobacco Company, Sampath Bank and National Development Bank with the turnover crossing Rs. 3.6 Bn.