Trading activity picked up at the Colombo Stock Exchange on Thursday (26), with turnover nearing the Rs. 5 billion mark, reflecting improved investor participation compared to recent sessions. The All Share Price Index (ASPI) gained 78.13 points to close at 23,781.23, while the S&P SL20 Index rose 24.90 points to end at 6,710.17, indicating broad…
Highlights Profit after taxes reach an all-time high of LKR 11.0 billion (2024: LKR 9.0 billion). Excluding the one-off impact of the ISB debt-restructure in 2024, which represents close to a two-fold growth on a comparable basis Net loans and deposits expand by 26.7% and 10.4% respectively on a normalised basis, outperforming industry averages on…
Diversified conglomerate Hayleys PLC has announced plans to raise up to Rs. 7 billion through a listed debenture issue, subject to regulatory approvals. In a disclosure to the Colombo Stock Exchange, the company said its Board of Directors has resolved to issue 50 million listed, rated, unsecured, senior, redeemable debentures, with an option to issue…
SriLankan Airlines unveiled strategic initiatives aimed at enhancing connectivity between India and Sri Lanka while further strengthening the time-honoured bond between the two nations at a special press conference in Delhi, India, alongside SATTE 2026, South Asia’s leading travel and tourism exhibition. The event also spotlighted new destination launches and provided a platform to engage…
The Embassy of Sri Lanka in Bangkok facilitated Sri Lanka’s significant participation at the 73rd edition of the Bangkok Gems & Jewelry Fair (BGJF), currently being held from 22–26 February 2026 at the Queen Sirikit National Convention Center, Bangkok. The Bangkok Gems & Jewelry Fair (BGJF) is one of the world’s longest-celebrated and top four premier jewelry trade…
The Sri Lanka Export Development Board (EDB), in collaboration with the Sri Lanka High Commission in New Delhi and the Sri Lanka Consulate General in Mumbai, successfully organized an Exposure/Study Tour for Sri Lankan SMEs to the 61st IHGF Delhi Fair Spring 2026, held from 14th to 18th February 2026 at the India Expo Centre…
The U.S. Supreme Court ruling on February 20 invalidating the Trump administration’s use of the International Emergency Economic Powers Act (IEEPA) to levy broad-based tariffs on imports from most countries slashes the U.S. effective tariff rate (ETR) by more than half, from 13% to around 5% to 6%, says Fitch Ratings. However, the administration quickly…
A delegation representing the Montana State Partnership Program has held talks with Sri Lanka’s Ambassador to the United States Mahinda Samarasinghe to explore investment opportunities in the country’s graphite industry. The group included officials from the program and representatives of Mooney Group LLC, who expressed strong interest in investing in Sri Lanka’s graphite sector and…
Continuing the upward trend, the Land Valuation Indicator (LVI) compiled for Colombo District increased by 10.6 per cent during the second half of 2025, compared to the same period of 2024. This increase was visible across all sub indicators of LVI, namely, Residential, Commercial and Industrial LVIs, which recorded annual increases of 12.4 per cent,…
Reuters – Global debt climbed to a record $348 trillion at the end of 2025, after nearly $29 trillion was added over the year in the fastest yearly build-up since the pandemic surge, a banking trade group reported on Wednesday. The increase was driven primarily by governments, which accounted for more than $10 trillion of…
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