Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) recorded consolidated revenue of LKR 65.9 billion for the year ended 31 March 2026 (FY26), reflecting an 11.2% year-on-year (YoY) increase. Growth was supported by continued expansion in Healthcare, improving momentum in Consumer, and a stronger contribution from Agribusiness. While profitability was impacted by sector-specific margin…
The Sri Lanka Purchasing Managers’ Index for Construction (PMI – Construction), as reflected by the Total Activity Index, declined to 45.7 in April 2026, mainly due to the seasonal slowdown associated with the Sinhala and Tamil New Year period. Further, many survey respondents cited input shortages, particularly of petrochemical-based raw materials, and rising costs…
The Colombo Stock Exchange (CSE) recorded a solid performance on May 29, 2026, with both major indices closing in positive territory. The All Share Price Index (ASPI) gained 111.57 points to close at 22,310.80, while the S&P SL20 Index advanced 27.81 points to settle at 6,159.15. Market turnover rose to a relatively high Rs. 7.37…
The Colombo Consumer Price Index1 (CCPI, 2021=100) based headline inflation (year-on-year, Y-o-Y) remained marginally above the target in May 2026, reflecting the impact of upward adjustments to domestic energy prices amidst the ongoing conflict in the Middle East. Accordingly, headline inflation (Y-o-Y) was recorded at 5.5% in May 2026 compared to 5.4% in April 2026….
PRIME LANDS (PVT) LTD, the second largest shareholder of listed finance company HNB Finance PLC, has sold its entire stake in the company this morning (29), according to stock market sources. PRIME LANDS (PVT) LTD held a 23.29% stake in HNB Finance PLC, amounting to 400 million shares. The shares were reportedly sold at Rs….
The Ceylon Chamber of Commerce welcomes and commends the Government of Sri Lanka on the successful completion and approval of the 5th and 6th Reviews under the International Monetary Fund (IMF) Extended Fund Facility (EFF) programme. This milestone enables Sri Lanka to access approximately USD 695 million in financing support, reinforcing confidence in the country’s…
The Board of Investment of Sri Lanka unveils a landmark digital platform connecting international capital with structured, partnership-ready opportunities across eight high-growth sectors The Board of Investment of Sri Lanka (BOI) has taken a decisive step to reposition the island nation on the global investment map, launching “Ready to Invest” — a new digital platform…
Oil futures fell more than 1% on Friday and were on track for their steepest weekly decline since early April, following reports that the U.S. and Iran had agreed to extend a ceasefire, though it had yet to be finalised. Brent crude futures for July fell 1.1% or $1.04 to $92.67 a barrel at 0330…
United Motors Lanka PLC announced a strong financial performance for the year ended 31 March 2026, recording a sharp recovery in profitability and revenue across both Group and Company levels after the lifting of the import ban. Group revenue for the year reached Rs. 52.36 billion, compared to Rs. 11.77 billion in the previous year,…
Fitch Ratings – Sri Lanka’s tighter macroprudential restrictions on vehicle and gold-backed lending will benefit lenders’ risk profiles, particularly those of finance companies, Fitch Ratings says. The Central Bank of Sri Lanka’s lower loan-to-value (LTV) caps target two products that have expanded rapidly in recent years and represent a substantial share of mainly finance companies’…
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