Vidullanka awarded ACCA Approved Employer Certification

The Association of Chartered Certified Accountants (ACCA) Sri Lanka has awarded Vidullanka PLC the coveted Approved Employer Certification, a testament to the company’s unwavering commitment to excellence in professional development.

Evolution Auto accelerates SL’s transition to cost-effective EV solutions

Sri Lanka’s shift towards sustainable mobility is accelerating, driven by Evolution Auto, a pioneer in the electric vehicle (EV) space.

Radisson Hotel Colombo achieves Hotel Sustainability Basics certification

Radisson Hotel Colombo announced its certification in Hotel Sustainability Basics, a globally recognised framework that defines 12 key sustainability actions essential for modern hotel operations.

Boost for digital economy with Rs.3bn budget allocation

The government has allocated Rs.3 billion for its digital transformation strategies this year, as part of its efforts to generate US $ 15 billion in revenue through the digital economy by 2030.

State entities to be pushed to raise funds from capital markets

Efforts will be rolled out to actively encourage the appropriate state entities to raise funds from capital markets.

Tourism focus to shift from mere arrival numbers to maximising visitor spending

Sri Lanka is setting the stage for faster and inclusive tourism growth, as it is shifting its focus from mere arrival numbers to maximising visitor spending and experience.

PABC kicks off December quarter earnings with massive provision reversal on sovereign bonds

Kicking off the banking sector earnings for the December 2024 quarter, Pan Asia Banking Corporation PLC (PABC) reported some robust performance for the quarter,

Govt. to allocate Rs.2.5bn to address severe congestion at Port of Colombo

The government is allocating Rs.2.5 billion to address the severe congestion at the Port of Colombo and towards the digitalisation efforts in the logistics sector.

Government to call EOIs for West Terminal 2 and Colombo North Port within a month

The government is planning to call Expressions of Interest (EOIs) from the prospective investors to develop the proposed West Container Terminal Two (WCT-II) and Colombo North Port, within a month.

Week commences on a positive note

The ASPI closed in green as a result of price gains in counters such as Ceylinco Holdings, Melstacorp and National Development Bank with the turnover crossing Rs. 5.4 Bn.

Government unveils Budget 2025: Yield curve on standstill

The secondary market yield curve remained broadly unchanged while the market participants were cautious on the inaugural budget speech of the new government.

Budget Speech - 2025

The country went through its deepest and most complex socio, economic and political crisis in 2022 since independence.

PMI Manufacturing and Services indices indicate expansions in January 2025

Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 59.0 in January 2025, indicating a further expansion in manufacturing activities, the Central Bank said yesterday.

Private sector monthly minimum wage to be increased to Rs.30,000 by 2026

President Anura Kumara Dissanayake announced that the employers are in agreement to increase the monthly minimum wage of the private sector workers to Rs.30,000 by 2026.

Fonterra establishes milk collection and chilling centre in Hanwella

Fonterra Brands Lanka strengthened its commitment to Sri Lanka’s dairy sector with the opening of a new milk collection and chilling centre (MCC) in Hanwella.

Rs.1.5bn allocated to establish dedicated industrial estate to boost automobile and rubber exports

The government yesterday announced plans to establish an industrial estate dedicated to manufacturing automobile components and rubber products,

SriLankan Airlines receives Rs.20bn to settle old debts

As attempts to divest the state ownership and attract private investments have been unsuccessful, national carrier SriLankan Airlines is slated to receive Rs.20 billion to repay the old debts.

Alliance Finance green bond issue oversubscribed

Alliance Finance Company PLC, in a stock exchange filing, announced that its redeemable green bond issue has been oversubscribed.

Serendib Flour Mills and Prima further reduce price of bread flour

Serendib Flour Mills, together with Prima, the leading flour manufacturers in Sri Lanka, have collaborated with the Trade Ministry to support the government’s cost of living reduction initiatives.

Canned fish makers seek VAT removal to cut prices and support low-income families

Sri Lanka’s canned fish manufacturers are seeking the removal of the 18 percent VAT imposed on locally produced canned fish to ensure accessibility for low-income families to the cheapest source of protein in order to tackle malnutrition among lower-income households.

Tourist arrivals continue momentum in February

Tourist arrivals to Sri Lanka continue to maintain momentum, with over 115,000 visitors entering the country within the first 13 days of February.

Hayleys reports robust December profits on performance of key sectors, other incomes

Hayleys PLC reported some robust performance for its third fiscal quarter ended in December 2024, propelled by most of its key business lines as plantations,

Credit card spend soars in December 2024

The festive December 2024 saw credit card holders swiping their card the most last year with the outstanding card balance shooting up, bringing almost the entire growth in the card debt for 2024 in one single month.

Windforce 9-month earnings up 6% YoY

Renewable energy provider WindForce PLC delivered steady growth over the first nine months of the 2024/2025 financial year, with higher revenue across its segments.

Lions Brewery reports steady growth but flags uncertain outlook

Lions Brewery reported a strong top and bottom line for the quarter (3Q25) and nine months ended 31 December 2024, despite external volatilities stemming from global supply chain disruptions and geopolitical tensions.

DIMO Agribusinesses offers effective solutions for enhancing coconut harvests

The domestic market has experienced a surge in coconut prices due to the gap between supply and demand.

ICC’s Prefabricated Collapsible Homes revolutionise SL’s housing landscape

The International Construction Consortium (Pvt.) Limited (ICC), a leading contractor, developer and an engineering solutions provider in Sri Lanka, is revolutionising modern housing solutions with the introduction of Prefabricated Collapsible Homes.

HNBA concludes Partnership Life 2025

HNB Assurance recently concluded its much-anticipated Partnership Life 2025 event, a gathering dedicated to recognising the exceptional contributions of its Partnership Channel in 2024, while outlining its vision for 2025.

Phoenix Industries launches New Collection 2025

Phoenix Industries, a leading household product brand in Sri Lanka, launched its innovative New Collection 2025 at Port City, Colombo, recently.

Ambewela relaunches cheese range

Taking yet another innovative step forward, Ambewela recently relaunched its cheese range, a move designed to align its premium dairy offerings with a range to cater to the evolving needs of consumers.