BOI appoints Dr. Sulakshana Jayawardena as acting Chairman

Senior bureaucrat Dr. Sulakshana Jayawardena has been appointed as the acting Chairman of the Board of Investment (BOI), the investment promotion agency announced yesterday.

CM Holdings completes Rs. 260mn property sale in Thalangama South

CM Holdings PLC has officially concluded the divestiture of its real estate asset located in Thalangama South, Battaramulla.

Secondary market records thin volumes amid emerging selling pressure

The secondary market witnessed subdued levels of activity yesterday, resulting in thin volumes whilst the market swayed towards selling sentiment overall.

Indices close in red

Indices closed in red as a result of price losses in counters such as Dialog Axiata, John Keells Holdings and Melstacorp with the turnover crossing Rs. 2.9bn. High net worth and institutional investor participation

Nissan Sri Lanka offers up to Rs.125,000 worth of free fuel this April

Nissan Sri Lanka, represented by Associated Motorways (AMW), is rewarding the customers this April with a limited-time ‘Free Fuel’ offer on the Nissan Magnite and Nissan Almera, delivering exceptional value and

NDB’s Rs.13.2bn fraud shock What the crisis revealed about controls, buffers, and banking resilience

The chronology explains the confidence shock. On 2 April 2026, NDB disclosed an internal fraud incident with an initial impact estimate of about Rs.380 million and

LB Finance Al-Salamah achieves 1,111% growth rate in 2025

LB Finance Al-Salamah has reached a significant milestone in its growth journey, recording an impressive Rs.10 billion portfolio growth during the calendar year 2025, representing a remarkable 1,111 percent

Cargills Food City wins SLIM Kantar People’s Supermarket Brand of the Year 2026

Cargills Food City has been named the People’s Supermarket Brand of the Year 2026 at the prestigious SLIM Kantar Awards, marking an exceptional fifth consecutive year of recognition.

Pan Asia Bank unveils Avurudu offers for credit cardholders

Pan Asia Bank is ushering in the festive season with an array of exciting Avurudu promotions, offering over 250 special deals across the island for its credit cardholders.

HNB Assurance marks 25 years with strategic transformation to ‘HNB Life’

Marking 25 years of trust, growth and service excellence, HNB Assurance PLC has unveiled its new corporate identity, transitioning to HNB Life PLC, a strategic evolution that reflects the company’s forward-

BYD marks 10,000 deliveries milestone

BYD and its authorised Sri Lankan agent John Keells CG Auto marked the milestone of 10,000 vehicle deliveries at BYD’s largest delivery hub in Thudalla.

Atlas introduces Aluth Avurudu Gift Packs

Atlas Axillia Co. (Pvt.) Ltd announced the launch of its specially curated limited edition ‘Aluth Avurudu Gift Packs’ in celebration of the Sinhala and Tamil New Year, offering a meaningful and educational gifting

New Indian culinary team joins Weligama Bay Marriott

Weligama Bay Marriott Resort & Spa continues to elevate its position as a premier oceanfront destination wedding venue in Sri Lanka with the appointment of a highly specialised Indian culinary team, further

Colombo Shopping Festival – Avurudu Fair launched

The much-anticipated 41st Edition of the Colombo Shopping Festival (CSF) – Avurudu Fair was ceremonially declared open at the BMICH Exhibition Centre, marking the beginning of five exciting days of

Asiri Laboratories introduces SL’s 1st rapid infectious disease diagnostic system

In a landmark step toward advancing infectious disease diagnostics, Asiri Laboratories has introduced the BioFire FilmArray System — a cutting-edge multiplex PCR platform that transforms pathogen detection

ICCSL-BIMT launch Japan Executive Immersion Programme

The International Chamber of Commerce Sri Lanka (ICCSL) entered into a strategic partnership with BIMT Campus to provide its members with exclusive access and special benefits for the upcoming Japan

SEC-CSE conclude Varsity Battles 3rd edition

The third edition of ‘Varsity Battles’, the inter-university capital market quiz competition organised by the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE), was

Former FinMin slams Central Bank oversight in wake of massive NDB fraud

Former Finance Minister and Member of Parliament Ravi Karunanayake this week launched a scathing critique of the Central Bank of Sri Lanka, holding its Bank Supervision Department accountable for the Rs.13.2 billion internal fraud at National Development Bank (NDB).

Central Bank introduces stringent rules on bank outsourcing

The Central Bank of Sri Lanka has introduced a comprehensive set of new regulations governing how the licensed commercial and specialised banks manage the outsourcing of their business operations.

Tea prices ease in March, extending year-on-year decline

Sri Lanka’s national tea sale average fell in March, extending a broader softening in prices both month-on-month (MoM) and year-on-year (YoY), reflecting continued pressure on auction realisations across the elevations.

Board shake-up at Colombo Dockyard as MDL assumes majority control

Colombo Dockyard PLC has reconstituted its board following a shift in majority ownership, with India’s Mazagon Dock Shipbuilders Ltd (MDL) formalising leadership changes after acquiring a 51 percent stake in the Sri Lankan shipbuilder.

Vehicle demand to dip by 15-20% amid depreciating rupee and fuel worries

Sri Lanka’s automotive sector is bracing for a market contraction, driven by the recent depreciation of the rupee and lingering consumer anxieties over the fuel situation.

ASPI records largest daily gain of the year

Indices closed in green as a result of price gains in counters such as John Keells Holdings, Commercial Bank and Hatton National Bank with the turnover crossing Rs. 6.6 Bn. High net worth and institutional investor participation was noted in National Development Bank, John Keells Holdings and Commercial Bank. Mixed interest was observed in Singer Sri Lanka, Lanka Milk Foods and Colombo Dockyard whilst retail interest was noted in ACME Printing &

EVO by DIMO accelerates electric mobility with Siemens EV charging technology

The Power and Energy arm of DIMO has launched EVO by DIMO, a dedicated solutions platform designed to support the rapid development of Sri Lanka’s electric vehicle (EV) charging infrastructure.

SLT-Mobitel dominates Teleco Category at TAGS Awards 2025

SLT-Mobitel once again secured the Gold Award in the Telecommunications Category at the TAGS Awards 2025 for its Annual Report 2024.

T-bill yields climb briefly at weekly auction while buying sentiment pushed yields down in secondary market

The secondary market witnessed some buying interest yesterday, following the announcement of the US–Iran peace talks and a temporary ceasefire, marking a downward movement in the yield curve.

Seylan Bank partners with WNPS for World Wetlands Day All-Island Programme 2026

Seylan Bank partnered with the Wildlife and Nature Protection Society (WNPS) to support the World Wetlands Day – WNPS All-Island Programme 2026 as the Title Sponsor, reinforcing its commitment to environmental sustainability and conservation.

Lanka Tiles unveils 59th showroom in Jaffna

Lanka Tiles recently opened its 59th showroom in Sri Lanka and its second showroom in the Northern Peninsula, marking a significant milestone in the company’s continued journey of bringing refined design and premium surfaces closer to communities across the island.

HNB celebrates triple wins at Effie Awards Sri Lanka 2026

HNB PLC has been honoured with three accolades at the Effie Awards Sri Lanka 2026, reaffirming its position as a leader in creative, effective, and impactful marketing campaigns.

Ogilvy sweeps three of four competition categories at Young Lions Sri Lanka

Ogilvy Group Sri Lanka delivered a commanding performance at the Young Lions Sri Lanka Competition 2026held in Colombo recently, with its talent securing wins in three of the four categories awarded. Sweeping top honours in the Media, PR and TV Categories, the agency’s winning teams will now prepare to represent Sri Lanka at the global Young Lions Competition inCannes, France, this June.