Abans Finance PLC (Abans Finance) recently marked the official listing of its maiden 13,384,000 debentures on the Colombo Stock Exchange (CSE) with a bell ringing and market opening ceremony held at the CSE trading floor this Monday (11th May 2026). The offer for subscription for the initial issue of ten million (10,000,000) listed, rated, senior,…
The Colombo Stock Exchange’s main indices recorded a slight decline on Monday (11). The All Share Price Index (ASPI) fell by 52.26 points to close at 23,011.72, while the S&P SL20 Index declined by 19.22 points to close at 6,300.02. Market turnover for the day stood at Rs. 4.92 billion. Local investors recorded buying of…
As of 8 May 2026, the Sri Lankan Rupee has depreciated by 3.6% against the US Dollar so far this year, according to the Central Bank of Sri Lanka. The Central Bank’s daily exchange rate bulletin released today (11 May) showed the buying rate of the US Dollar at Rs. 318.03 and the selling rate…
The Federation of Information Technology Industry Sri Lanka (FITIS) successfully concluded its Annual General Meeting on April 22, reaffirming its commitment to driving the nation’s technological advancement. At the landmark gathering, Dr. Dayan Rajapakse was unanimously re-elected as Chairman, embarking on his second consecutive year at the helm of the apex ICT body. The prestigious…
Sri Lanka’s Information and Communication Technology (ICT) sector marked another significant milestone in its global expansion, as five Sri Lankan technology companies successfully participated in a European market exposure programme under the Sri Lanka Export Development Board (EDB) – Import Promotion Desk Germany (IPD) project. Strategic Participation at Hannover Messe The programme commenced with participation…
NDB Bank, the fifth-largest shareholder of Seylan Bank, has fully exited its position in the bank by selling its entire 8.72% shareholding. The transaction, executed today (11 May 2026), involved the transfer of 26,631,495 shares at a price of Rs. 104.00 per share. The total value of the deal amounted to Rs. 2.76 billion. The…
Group Core Business Profit After Tax of LKR 1.8 Bn Group Total Capital Adequacy Ratio of 16.092% Group Net Fee and Commission Income up by 34% to LKR 1.9 Bn Group Total Assets up by 3% to LKR 885 Bn DFCC Bank delivered a strong financial performance for the period ended 31 March 2026, underscoring…
The Ceylon Chamber of Commerce will lead a senior corporate delegation to Mumbai for the India–Sri Lanka Business Forum on 13 May 2026, held in partnership with the Confederation of Indian Industry (CII). The delegation brings together the leadership of some of Sri Lanka’s most prominent companies, representing a broad cross-section of the economy. Participants…
By Dilani Hirimuthugodage, Research Economist, Institute of Policy Studies of Sri Lanka (IPS) Geographical Indications (GI) can unlock higher export earnings by leveraging origin‑based values in tea, spices, and other agricultural products. GIs enhance global recognition, secure premium prices, and access niche markets through branding and value addition. Targeted GI reforms are essential to build…
Nüwa at City of Dreams Sri Lanka, the luxury flagship hotel within South Asia’s first fully integrated luxury resort, marked a significant milestone with a special press conference and celebration honouring its prestigious 5-Star recognition, further reinforcing its position as one of the leading luxury hospitality destinations in the region. Held at the elegant Crystal…
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