Investment Limit for listed companies raised from USD 500,000 to USD 750,000 and the limit for unlisted companies increased from USD 150,000 to USD 200,000 – Any investment exceeding USD 2 million require special approval. The Committee on Public Finance took into consideration an Order inclusive of updated guidelines on outward investments, introducing increased thresholds…
Singer (Sri Lanka) PLC, a subsidiary of Hayleys PLC, has been appointed as the official distributor for Elon Musk’s Starlink satellite internet service in Sri Lanka, marking a significant step in expanding high-speed internet access across the island. While an official announcement is expected shortly, Singer has already signaled the development through a teaser on…
The Colombo Stock Exchange (CSE) reached a historic milestone today (04), as the All Share Price Index (ASPI) surpassed the 20,000 mark for the first time during morning trading. At the time the ASPI crossed this significant threshold, today’s turnover was recorded as over Rs. 432 million.
Highest ranked private sector bank in Sri Lanka in 2025 rankings published by The Banker The Commercial Bank of Ceylon has once again been ranked among the world’s Top 1000 Banks by the UK’s authoritative financial sector publication The Banker, becoming the only Sri Lankan bank to achieve this milestone on 13 occasions. The first…
The Colombo Stock Exchange (CSE) marked a historic milestone in Sri Lanka’s capital market with the launch of a Central Counterparty (CCP) framework for equity transactions, a transformative development that significantly enhances the safety, efficiency, and global competitiveness of the domestic capital market. To commemorate this milestone achievement a special Market Opening Ceremony was held…
City of Dreams Sri Lanka rolled out the red carpet on the first evening of its grand opening, with an event graced by His Excellency President Anura Kumara Dissanayake and attended by a cohort of local and international dignitaries. Distinguished attendees included Krishan Balendra, Chairperson of John Keells Holdings PLC, Lawrence Ho, Chairman and CEO…
Sri Lanka’s largest investment and South Asia’s first integrated resort opened its doors, heralding a bold new chapter in the nations’ economic journey. Positioned at the crossroads of modern luxury and local artistry, City of Dreams Sri Lanka (COD SL), is a living showcase of Sri Lankan ambition, creativity and global vision. The transformative destination…
The Teejay Group, South Asia’s premier multinational textile manufacturer, reported a resilient performance for the first quarter of the 2025/26 financial year, demonstrating its operational strength and strategic agility in the face of continued global market headwinds. The Group recorded a Profit After Tax (PAT) of LKR 0.21 billion for the quarter ended 30th June…
The Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) expresses its deep appreciation to the Government of Sri Lanka for its timely and effective diplomatic efforts, which have led to the successful reduction of the U.S. reciprocal tariff on rubber-based exports to 20%, down from the initially proposed 44%. This revised rate…
Sri Lanka’s stock market rallied to a historic high on Friday, with the benchmark All Share Price Index (ASPI) surging by 271.77 points to close at a record 19,914.25, marking a 1.38% gain. The S&P SL20 Index, which tracks the 20 largest and most liquid stocks, outpaced the broader market with a sharp 2.30% increase,…
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