Lankem Developments PLC has announced the oversubscription of its recent rights issue, securing Rs. 752.56 million from investors against an initial target of Rs. 600 million, according to market disclosure filed with Colombo Stock Exchange (CSE) thi

The national consumer prices continued to fall, albeit at a lesser pace in March, on the back of the decline in food prices as well as the slippage in non-food prices, ahead of the traditional new year.

Sri Lanka welcomed 846,221 tourists as of April 20 this year, translating to a 14.5 percent year-on-year (YoY) growth, up from 739,171 tourist arrivals recorded during the same period last year.

While US President Donald Trump’s chaotic pronouncement of tariffs brought much uncertainty to global trade, Sri Lanka’s export fraternity asserted that it is imperative for the island nation to sustain strong engagement with the relevant authori

Sri Lanka’s banking sector outlook for 2025 is said to be improving, according to Fitch Ratings, which also anticipated broadly stable operating conditions across most Asia-Pacific (APAC) banking system for this year. However, it noted that a surge

The ASPI edged down as a result of price losses in counters such as Hayleys, Lion Brewery and John Keells Holdings with the turnover crossing Rs. 1.1 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor par

The secondary market remained subdued in the aftermath of the holiday season, with limited activities observed across the yield curve.

The Sri Lanka Tourism Development Authority (SLTDA), in partnership with the Asian Development Bank (ADB), launched a comprehensive Marine Tourism Roadmap which could transform the island nation into a year-round marine tourism destination while bala

HNB PLC has reinforced its commitment to community welfare by supporting the 1990 Suwaseriya Foundation’s ‘Adopt an Ambulance’ project through the adoption of two ambulances.

‘NDB Pixel,’ is an innovative digital banking solution crafted specifically for Sri Lankan teenagers aged 13 to 17 marking a significant stride towards fostering a cashless society, aligning with the nation’s digital transformation goals, and e

The SLIM SME Development Awards (SMEDA) 2024, organized by the Sri Lanka Institute of Marketing (SLIM) in collaboration with the Asia Small Business Federation (ASBF) Sri Lanka Chapter, has officially entered its judging phase.

Assetline Finance Limited (AFL) has received an upgraded entity credit rating from Lanka Rating Agency (LRA) to A with a Positive Outlook, up from its previous rating of A- with a Stable Outlook. This upgrade, along with the improved outlook, reflect

Hayleys Fentons Limited is set to embark on a high-profile project for Shield Restraint Systems Limited in establishing “SHIELD” — a new manufacturing facility within the Wathupitiwala Export Processing Zone (EPZ). This groundbreaking initiati

The International Electronics Manufacturing Association (IPC), in collaboration with the Sri Lanka Export Development Board (EDB), and Sri Lanka Electronic and Electrical Manufacturers and Exporters Association (SLEEMEA), organized a Wire Harness Com

DH Ceylon Energy Dubai, a key player in the Ceylon Energy group, made a notable impression at the Middle East Energy Exhibition 2025, held at the Dubai World Trade Centre from the 7th to the 10th of April.

As Indika De Zoysa completes his two-year tenure as Chairman of the Federation of Information Technology (Guarantee) Ltd (FITIS), the organization finds itself at the heart of a profound national transformation. Under his leadership, FITIS has playe

Mark and Comm Ltd in collaboration with the Public Relations and Communications Association Asia Pacific (PRCA APAC), will host a regional webinar titled “PR in the Age of Disruption” on 28th of April, from 3:00 p.m. to 4:30 p.m. IST via Zoom.

The Colombo Stock Exchange (CSE) opened the new week on a measured note as indices posted mild losses amid global uncertainty and cautious investor sentiment. Despite the slight pullback, the session reflected healthy underlying participation and sec

Sri Lanka’s Securities and Exchange Commission (SEC), the regulator of the capital market, has issued a notice of caution to Wealthy Minds Academy (Private) Limited and two of its directors for their reckless conduct in disseminating information on

Only 14.11 percent of member accounts in the Employees’ Trust Fund (ETF) were active at the end of 2024, according to the Central Bank (CB).

Sri Lanka’s Employees’ Provident Fund (EPF), the nation’s largest retirement fund, reported a record 12.6 percent year-on-year surge in net worth to Rs. 4.37 trillion by the end of 2024, up from Rs. 3.89 trillion in 2023.

Sri Lanka experienced a notable increase in its gross official reserve assets during March 2025, primarily due to the receipt of its fourth programme tranche from the International Monetary Fund (IMF).

Both manufacturing and services activities continued their strong performance through March 2025, expanding at an accelerated pace as the festive season demand added a further flywheel to the economy that is growing at a solid pace.

In an appeal to the public, Cargills Bank has called on individuals and organisations to refrain from sharing any leaked information tied to its recent cybersecurity breach, warning that doing so risks further harm to affected customers.

The Global Franchise Forum (GFF) is set to host its Sri Lanka edition on April 27, 2025, at Sheraton Hotel, Colombo.

JAT Holdings has revolutionised the way loyalty programmes serve daily wage-earning painters and carpenters – JAT’s key stakeholders, with the relaunch of its JAT Loyalty Programme.

Union Assurance organised Blog It Symposium 2025, marking a significant milestone as the first-ever event of its kind in the life insurance sector.

The Sri Lanka-German Business Council (SLGBC) of The Ceylon Chamber of Commerce hosted its Members’ Day at Hilton Colombo Residences recently, bringing together industry leaders, diplomats and business professionals to celebrate and enhance trade r

A. Baur & Co. (Pvt.) Ltd, also known as Baurs, recently announced the appointment of Daniela J. Munasinghe as Director of its three subsidiaries, namely Baurs Airservices, Swiss Hotel Management Academy (SHMA) and Baurs Travel.

Spa Ceylon united several renowned local brands to raise vital funding for Women In Need (WIN), through #ActForWIN, a campaign aimed at building a safer future for women and girls of Sri Lanka, raising more than Rs.7 million within one week.