All trade unions have expressed their agreement to the digitalisation and modernisation programme aimed at increasing excise revenue collection. This consensus was reached at a discussion held recently (03) at the Presidential Secretariat, attended by officials of the Excise Department, representatives of trade unions, the Revenue Administration Reform and Modernization Bureau and Secretary to the…
The Sri Lanka Apparel Exporters Association held its Annual General Meeting on 27 January 2026 at Cinnamon Life Hotel, bringing together industry leaders, policymakers and the diplomatic community to review sector priorities and reinforce Sri Lanka’s position in global apparel supply chains. At the AGM, Rajitha Jayasuriya was reappointed as Chairperson for a second term,…
Records +16% Core Revenue Growth, and Remits Rs54.7Bn to GoSL in FY2025. Recommends Dividend of Rs1.50 Per Share Revenue: Rs179.6Bn, up 5% YTD; Core Revenue up 16% YTD EBITDA: Rs86.0Bn, up 30% YTD; EBITDA margin at 47.9% up 9.2pp YTD NPAT: Rs20.8Bn up 67% YTD Taxes Paid to GoSL: Rs54.7Bn (Rs11.1Bn in Direct, Rs43.6Bn Indirect)…
ANI: The recent trade agreement between the United States and India serves as a significant catalyst for this growth, creating a ripple effect that benefits neighbouring economies. Hishan Singhawansa, CEO of Cinnamon Hotels & Resorts, told ANI that the expansion of the Indian economy directly correlates with the prosperity of Sri Lanka. ‘If India grows,…
Climate shocks are increasingly shaping Sri Lanka’s economic recovery, with floods and extreme weather events now posing risks that extend well beyond immediate damage. Tourism continuity, investor confidence, and recovery timelines are emerging as key concerns as climate disruptions become more frequent. Investor and fund manager Arj Samarakoon, widely known as Arj Samarakoon, said climate…
A meeting to study the feasibility of introducing skydiving activities in Sri Lanka was held at the Ministry of Defence Yesterday (05 February). The meeting was chaired by the Defence Secretary, Air Vice Marshal Sampath Thuyacontha (Retd). During the meeting, representatives of Skydive Sri Lanka made a detailed presentation introducing skydiving, highlighting its potential benefits…
Fitch Ratings has assigned Aitken Spence Hotel Holdings PLC (ASHH) a National Long-Term Rating of ‘AA+(lka)’. The Outlook is Stable. ASHH’s rating reflects support from its stronger parent, Aitken Spence PLC (ASP), due to ‘High’ operational and strategic incentives, but ‘Low’ legal incentives, under Fitch’s Parent and Subsidiary Linkage (PSL) Rating Criteria. We assess ASHH’s…
Central Bank of Sri Lanka Governor Dr. P. Nandalal Weerasinghe today (06) categorically stated that the country has no need for another debt restructuring, directly addressing and dismissing the persistent “28 phobia”, speculation that Sri Lanka might face a repayment failure or require further debt relief in 2028. Speaking as keynote speaker at the Ceylon…
Asia Securities: Sri Lanka has just passed two years in which Initial Public Offerings (IPOs) have seen a meaningful resurgence. In 2024 and 2025, a steady stream of companies migrated to the Colombo Stock Exchange (CSE), as it emerged as one of Asia’s best-performing stock markets. In 2026, this momentum is set to accelerate. At…
A defining milestone in Sri Lanka’s digital payments journey was celebrated at Cinnamon Life recently, as Commercial Bank of Ceylon marked the completion of 100,000 Google Pay transactions within just six weeks of launching the service in Sri Lanka for its Visa cardholders. More than a numerical achievement, the milestone underscored the rapid adoption of…
Video Story
