Tea auction sees prices ease amid lower demand

offerings continued to be high for the time of year and totalled 6.4 million kilogrammes (M/Kgs). There was fair demand for the Large Leaf/Low Grown teas, whilst the High and Mid Grown BOP/BOPFs met with less demand and an easier trend in prices, Forbes and Walker Tea Brokers said.

Pending IMF staff-level agreement for SL tied to 2025 budget

The International Monetary Fund (IMF) said it expects Sri Lanka to submit its 2025 budget aligned with the parameters of the IMF to secure the next US $ 333 million financing. “The staff-level agreement that I mentioned, which was reached in November, will be presented to the Executive Board or is subject to the Executive Board approval but it’s also contingent upon, among other things, implementation by the authorities of prior actions, includin

Week ends in green

The ASPI closed in green as a result of price gains in counters such as Ceylinco Holdings, Melstacorp and John Keells Holdings with the turnover crossing Rs. 2.0 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in John Keells Holdings, Melstacorp and ACL Cables. Mixed interest was observed in Browns Investments, Access Engineering and CIC Holdings whilst retail interest was n

Market closes week with mixed activity and moderate volumes

The secondary market yield curve witnessed a day of moderate volumes and mixed activity.

OSC and Cinnamon Hotels & Resorts unite for ecological restoration and learning

The Overseas School of Colombo (OSC) and Cinnamon Hotels & Resorts have forged a transformative partnership, blending education with environmental action to champion ecological restoration on the edge of Sri Lanka’s resplendent tropical rainforest, Sinharaja.

RIDE collaborates with Bikerholics for 4th Freedom RIDE

RIDE, the first-ever locally manufactured energy drink collaborated with Bikerholics to sponsor their 4th annual Freedom RIDE, which took place on the 4th of February. The event marked Sri Lanka’s 77th Independence Day, celebrating the nation’s spirit of freedom and unity.

AIA Insurance’s Healthiest Schools programme marks 100-school milestone

In commemoration of International Education Day, AIA Sri Lanka announced a remarkable milestone for the AIA Healthiest Schools programme.

Indo-Lanka Commerce Chamber hosts India Cup Golf Tournament 2025

The India Cup Golf Tournament 2025, hosted by the Indo-Lanka Chamber of Commerce & Industry (ILCCI) of the Ceylon Chamber of Commerce, in collaboration with the Indian High Commission in Colombo and Royal Colombo Golf Club (RCGC), saw Kalyani Ranasinghe emerge as the winner, taking home the coveted trophy after a day filled with friendly competition and camaraderie.

Link Natural brings health and innovation to the forefront at JITF 2025

Link Natural, a subsidiary of CIC Holdings, and a trusted name that specializes in herbal pharmaceutical, herbal healthcare and personal care products that are rooted in Ayurvedic wisdom 0fused with modern science, took part in the Jaffna International Trade Fair (JITF) 2025, held recently for three consecutive days at the Muttraweli Grounds, Jaffna.

Servo becomes Title Sponsor for Australia vs. Sri Lanka series

Lanka IOC PLC announced its title sponsorship of the much-anticipated Test and ODI series between Australia and Sri Lanka that commenced on January 29, at the iconic Galle International Stadium.

NDB Bank recognised as Official Banking Partner at SLSRFR Awards

NDB Bank was recognised as the Official Banking Partner at the recently held Sri Lanka Society of Rugby Football Referees (SLSRFR) Awards and Fellowship event, hosted at Ariyana Reach, Maharagama.

Citrus Waskaduwa and Cosmic by Citrus to feature at Wedding Show 2025

Citrus Waskaduwa and Cosmic by Citrus are set to take centre stage at “The Wedding Show 2025” from the 14th to the 16th of February at BMICH, offering future newlyweds and event planners a glimpse into two of Sri Lanka’s most exciting wedding venues. Accordingly, guests visiting Stalls A4 and A5 will have the opportunity to explore the distinctive charm of these two exceptional venues, each promising a wedding experience like no other.

Get ahead of your 2025 beauty goals with The Body Shop’s store-wide Knockout Sale

The Body Shop hears you and is giving all of its customers the very best start to the year with its unbelievable Knockout Sale. With up to 50 percent off on all products in-store and online, the ethical global beauty brand is offering unbeatable deals across the board. Be it lip balms, body yoghurts, face scrubs, or body mists; from most-loved favourites

Sun Siyam Pasikudah provides ideal backdrop for romance and relaxation

This Valentine’s Day, escape to the serene shores of Sri Lanka’s east coast and immerse yourself in an unforgettable romantic retreat at Sun Siyam Pasikudah along one of Sri Lanka’s most pristine beaches, this exclusive boutique five-star resort offers an intimate and luxurious setting for couples seeking a tranquil getaway.

Melwa distributes school supplies to employees’ children

Melwa recently distributed stationery and school supplies to the children of their employees for the new year (2025). This annual initiative ensures that young learners have the tools they need to start the school year confidently and symbolizes Melwa’s dedication to its employees and their families.

Crocodile opens flagship showroom in Colombo

Crocodile, the fashion brand celebrated for its timeless designs and unwavering commitment to quality, proudly marked a significant milestone with the grand opening of its new flagship showroom at No. 409 A, R. A. De Mel Mawatha, Colombo.

Shangri-La Colombo rings in the Chinese New Year with a spectacular lion dance

Shangri-La Colombo rang in the Year of the Snake with a vibrant and auspicious Chinese New Year celebration on 29th January 2025, bringing tradition, joy and prosperity to all in attendance.

SriLankan Airlines plans fleet expansion to 50 aircrafts in five years

SriLankan Airlines plans to double its fleet to 50 aircrafts within five years as Sri Lanka targets US $10 billion in annual tourism revenue by the end of the decade.

Declining interest rates, economic stability to boost SL’s investment climate: Abeywardana

Sri Lanka’s improving economic stability and declining interest rates present a strong opportunity for market capitalisation growth, HNB Investment Bank CEO and Managing Director Ray Abeywardana said.

Acuity Partners rebranded as HNB Investment Bank after full acquisition

Hatton National Bank PLC (HNB) yesterday announced the rebranding of Acuity Partners (Pvt) Ltd as HNB Investment Bank (Pvt) Ltd, following its complete acquisition of the securities firm.

Fitch upgrades four insurers

Fitch Ratings has upgraded the National Insurer Financial Strength (IFS) Ratings of four Sri Lankan insurers following the recent sovereign upgrade and recalibration of the agency’s Sri Lankan national rating scale. At the same time, Fitch has affirmed the National IFS of three Sri Lankan insurers.

CEAT Kelani granted AEO Tier I status by Customs Department

CEAT Kelani Holdings has been granted Authorised Economic Operator (AEO) Tier I status by Sri Lanka Customs in recognition of high levels of legal and operational compliance and strong supply chain security.

Hemas Holdings reports solid 3Q on strengthening consumer spend

Hemas Holdings PLC reported some solid top and bottom-line performance in the three months ended in December 2024 (3Q25) supported by better performance across its all three key business units which were helped by rising consumer spend as well as the ease in costs.

Singer December performance reflects strengthening discretionary spending by consumers

Singer (Sri Lanka) PLC saw rising sales across a broader segment of its business in the December 2024 quarter which is dominated by consumer durables with the exception of information technology products, broadly reflecting that spending on consumer durables is gaining some momentum.

Secondary market at a standstill

The secondary market experienced limited volumes, amidst the lack of market activity, and the secondary market yield curve remained broadly unchanged yesterday.

Indices recover to close in green

The ASPI closed in green as a result of price gains in counters such as Sampath Bank, DFCC Bank and C T Holdings with the turnover crossing Rs. 5.1 bn.

BOI invests Rs.763mn in Horana Export Processing Zone

The newfound government is accelerating its efforts to attract foreign direct investment (FDI) to the country by providing the much-needed infrastructure to the existing and new investors.

Cargills Bank and Mastercard collaborate to power ‘Tapit’

Cargills Bank and Mastercard have collaborated to launch Sri Lanka’s first contactless sticker payment solution. Titled ‘Tapit’, the new solution promises to revolutionise everyday transactions for Mastercard credit and debit cardholders.

AIA celebrates outstanding achievements at SLIM National Sales Awards 2024

AIA Insurance announced the remarkable achievements of its exceptional sales force at the prestigious SLIM National Sales Awards 2024.

Hayleys Fentons to develop 50 MW wind power facility in Mannar

The Cabinet has granted approval to award Hayleys Fentons Limited the contract for developing a 50 MW wind power facility in Mannar.