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Final subscription figures for Janashakthi Limited’s Initial Public Offering (IPO) confirm overwhelming investor demand, with the issue being oversubscribed nearly three times over. In a letter dated today (21) to the Colombo Stock Exchange (CSE), S S P Corporate Services (Private) Limited, Registrars to the Issue, disclosed that a total of 20,397 applications were received…
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Drops of Life turns wasted AC water into life‑saving drinking points for urban wildlife As cities around the world face rising temperatures and prolonged heatwaves, urban wildlife — especially birds — is increasingly at risk. Dehydration and the lack of accessible water sources have become a silent but critical threat to city ecosystems. Drops of…
Indian Affair, one of Sri Lanka’s fastest-growing biryani brands under Giga Foods (Pvt) Ltd, has expanded its presence with the opening of a new outlet in Dehiwala. Located on Saranankara Road, Kalubowila, the outlet strengthens access to authentic biryani in Colombo’s key residential areas. As part of its 2026 repositioning as a biryani-first brand, Indian…
Groundworth (Pvt) Ltd proudly announces the launch of “Legado by Groundworth”, an exclusive land development located in Homagama, a rapidly emerging suburb set to transform into a key economic hub under the Western Megapolis Development initiative. Legado offers a compelling blend of strategic location, connection, and long-term value, positioning itself as a development created not…
As mosquito season approaches, Marlon Ferreira, Founder and Managing Director of Exterminators PLC and Sentario UK Limited, is calling for a fundamental shift in how Sri Lanka addresses mosquito-borne diseases such as dengue. While thermal fogging has long been a visible symbol of mosquito control, he warns that the practice is largely ineffective and may…
Ceylinco Life reaffirmed its commitment to recognising and inspiring excellence within its sales force with the celebration of ‘High Flyers Day 2026,’ a signature event that brought together more than 300 of the company’s top-performing Sales Officers for an evening of recognition, reflection and renewed ambition. Held at the luxurious ITC Ratnadipa Colombo, the event…
The Commercial Bank of Ceylon has announced the retirement of its Chief Operating Officer and Executive Director, Mr S. Prabagar, from the Bank with effect from 26th April 2026, concluding a distinguished career spanning over 30 years of dedicated service. A seasoned banking professional with extensive and diversified experience, Mr Prabagar had been at the…
There’s a new kind of dining experience taking shape along Sri Lanka’s southern coast and it arrives with a distinct sense of personality. Set against the oceanfront backdrop of Radisson Blu Resort Galle, Yazu brings its signature blend of Pan-Asian cuisine, immersive design, and high-energy atmosphere to a destination that feels both elevated and effortlessly…
DeltaSpike, a Sri Lankan-founded cybersecurity technology company headquartered in Malaysia, has secured a strategic investment from VentureTECH, a Malaysian government-backed impact investment firm. The investment marks an important milestone for the company as it strengthens its technology platform and expands its cybersecurity operations across Southeast Asia and South Asia. The funding will support the continued…
Motadata, a leading provider of Unified Observability and ServiceOps solutions, empowers enterprises with an AI-powered unified platform that delivers complete visibility, control, and intelligence across complex IT environments. By bringing observability and service management together under a single integrated stack, Motadata helps organizations proactively streamline operations, reduce downtime, and align IT performance with business outcomes….
Gavinro International recently launched its electric vehicle arm, GV Auto, a modern, practical, cost-effective solution for navigating a rapidly evolving economic and energy landscape today. Building on its legacy of innovation and forward-thinking enterprise, the Gavinro Group of Companies over the years has established a strong presence across multiple sectors, guided by a commitment to…
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UNDP Sri Lanka together with Government of Sri Lanka to implement initiatives that empower Sri Lankan communities through climate-smart agriculture and inclusive mine action The Government of Japan through its Japanese Supplementary Budget (JSB) has reaffirmed its commitment to supporting Sri Lanka’s development journey by announcing two new projects, aimed at fostering climate resilience in…
Latest data from the Employees’ Provident Fund (EPF) shows that the Fund has fully divested its holdings in six companies listed on the Colombo Stock Exchange during 2025. As of 31 December 2024, the EPF held equity investments in 65 listed companies. By 31 December 2025, this number had decreased to 59 companies. A comparison…
Reuters – Apple, opens new tab on Monday named longtime hardware boss John Ternus as its next CEO, turning to another insider to steer the iPhone maker after Tim Cook as it navigates a world radically altered by artificial intelligence, a technology it has lagged on. Cook, a supply-chain genius who boosted Apple’s market value…
The Annual Economic Review 2025, the publication in accordance with Section 80 of the Central Bank of Sri Lanka Act, No. 16 of 2023, was presented to His Excellency Anura Kumara Dissanayake, the President and the Minister of Finance, Planning and Economic Development, by Dr. P Nandalal Weerasinghe, the Governor of the Central Bank of…
• People’s Bank records highest profit in its history in 2025 – Chairman, Prof. Narada Fernando • Bank of Ceylon achieves highest profit in its 87-year history in 2025 – Chairman, Kavinda De Soysa • National Savings Bank records highest pre-tax profit of Rs. 59 billion in 2025 – Chairman, Dr Harsha Cabraal The People’s…
The Central Bank of Sri Lanka’s “Annual Economic Review 2025” and “Financial Statements and Operations 2025” reports were presented this morning (20) at the Presidential Secretariat to the Minister of Finance, Planning and Economic Development, President Anura Kumara Dissanayake. The two reports were formally presented to the President by the Governor of the Central Bank,…
Sri Lanka’s storytelling excellence took centre stage at the Inspire Global Media Awards 2026, held recently in London, United Kingdom with a packed room of media glitterati. The Sri Lankan travel documentary produced by Mark Julian Edwards won the prestigious Television Broadcast of the Year at the ceremony, contested by BBC and Amazon TV. The…
The World Bank has projected Sri Lanka’s economic growth to moderate to 3.6% in 2026, reflecting a slowdown from the stronger recovery momentum seen in 2025, according to its April 2026 – South Asia Economic Update report. Despite the moderation, the global lender noted that the size of Sri Lanka’s economy is expected to recover to…
Analysis
The Annual Economic Review 2025, the publication in accordance with Section 80 of the Central Bank of Sri Lanka Act, No. 16 of 2023, was presented to His Excellency Anura Kumara Dissanayake, the President and the Minister of Finance, Planning and Economic Development, by Dr. P Nandalal Weerasinghe, the Governor of the Central Bank of…
The World Bank has projected Sri Lanka’s economic growth to moderate to 3.6% in 2026, reflecting a slowdown from the stronger recovery momentum seen in 2025, according to its April 2026 – South Asia Economic Update report. Despite the moderation, the global lender noted that the size of Sri Lanka’s economy is expected to recover to…
Purchasing Managers’ Indices indicate expansions in both Manufacturing and Services activities in March 2026. Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) increased to 66.7 in March 2026, supported by heightened activity related to seasonal demand. However, many respondents reported a tight production environment, mainly attributed to raw material and fuel shortages, rising costs,…
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