Lead Story
Sri Lanka recorded USD 673.4 million in workers’ remittances in November 2025, according to data released by the Central Bank of Sri Lanka (CBSL). Cumulative inflows from January to November 2025 reached USD 7.19 billion, marking a 20.7% increase year-on-year compared to the same period in 2024.
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Hettigoda Group of Companies is proud to announce its significant achievement at the SLTC Research & Innovation Awards 2025, held on November 12th at the BMICH. The company’s dedication to scientific rigour and advancement in traditional medicine was recognised with two prestigious accolades for the groundbreaking project, “Exploring the Bioactivity of Siddhalepa Asamodagam Spirit.” Siddhalepa…
Dipped Products PLC (DPL), one of Sri Lanka’s leading manufacturers of hand protection solutions, donated 50,000 protective gloves to the Ministry of Defence to support relief efforts for communities affected by the recent floods. The donation was formally handed over by Hayleys PLC Chairman, Mohan Pandithage, together with Dipped Products PLC Managing Director, Pushpika Janadheera,…
People’s Insurance PLC is pleased to announce the appointment of Mr. Chandana Shubhashana Guniyangoda—a distinguished finance professional with dual fellowships from the Institute of Chartered Accountants of Sri Lanka (FCA) and the Institute of Certified Management Accountants of Sri Lanka (FCMA)—as its new Independent Chairman, effective 10 December 2025. With over 27 years of experience,…
Seaspan Corporation Pte. Ltd., the world’s largest independent charter owner and operator of containerships, and Ceyline Shipping Limited, Sri Lanka’s market leader in Seafarer Recruitment & Placement Services, are celebrating two decades of transformative partnership that has elevated Sri Lanka’s maritime industry on the global stage. The partnership, established in 2005, has grown from its…
Janashakthi Life, a subsidiary of JXG (Janashakthi Group), partners with ICA International Half Marathon Colombo 2025, taking place on 14th December 2025. Held for the second time in Sri Lanka and set to attract over 2,000 local and international runners, the event reflects Janashakthi Life’s continued commitment to uplifting communities and championing causes that positively…
Marking its 25th anniversary this year, HNB FINANCE PLC, one of Sri Lanka’s most trusted financial institutions, organized a series of multi-faith religious programs to invoke blessings for the company, its employees, customers, and stakeholders as it celebrates this significant milestone its journey of financial inclusion and community empowerment spanning over two and a half…
Deloitte Sri Lanka hosted the ‘CFO Conclave 2025 – Leading with Insights’, an exclusive forum that brought together the country’s leading CFOs and finance leaders to explore the evolving priorities of financial leadership in an era defined by transparency, regulation, and technology. The event provided a platform for CFOs to envisage how finance functions can…
Recently, the BYD SEAL U (Sealion06) emerged as the best-selling plug-in hybrid model in Germany’s automotive market for November, drawing widespread industry attention. This milestone marks not only the first time a Chinese auto brand has topped the sales chart in a mainstream German vehicle segment but also signifies that BYD’s large-scale breakthrough in Europe…
Kapruka Holdings PLC (CSE: KPHL) recently reported encouraging results for the quarter ended 30 September 2025, as shared in the Chairman & CEO’s Review dated 06 November 2025. The Group delivered 12% year-on-year revenue growth, while gross profit increased 19%. Most notably, operating performance improved 77% year-on-year, reflecting disciplined execution and the growing impact of…
LCB Finance PLC has reported a significant rise in profitability for the first half of the financial year 2025/26, posting a profit before tax of Rs 298.32 million for the six months ended September 30, 2025. This marks a sharp increase compared to Rs 65.8 million recorded during the same period in 2024. The company…
Top News
L B Finance PLC has received regulatory approval from the Central Bank of Sri Lanka to establish a wholly owned subsidiary in the Philippines, marking the company’s latest step in expanding its regional footprint. In a corporate disclosure to the Colombo Stock Exchange, the company said the Director of the Department of Supervision of Non-Bank…
Colombo West International Terminal (Private) Limited (CWIT) has made a financial contribution of Rs. 100 million to the government’s Rebuilding Sri Lanka Fund, established to provide relief to communities affected by Cyclone Ditwah. The cheque was handed over this afternoon (12) at the Presidential Secretariat to Secretary to the President, Dr. Nandika Sanath Kumanayake, by…
Prime Minister Dr. Harini Amarasuriya stated that the government is taking steps to strengthen local exporters by making trade facilitation, customs procedures, and investment approvals more efficient, and by improving export services. The Prime Minister made these remarks while addressing the 27th Presidential Export Awards 2024/25 ceremony organized by the Ministry of Industries and Industrial…
Renowned chartered accountant and corporate leader Rajan Asirwatham, who served as the Senior Partner and Country Head of KPMG Sri Lanka for more than four decades, has passed away. Mr. Asirwatham led KPMG, formerly Ford Rhodes Thornton & Co., from 1961 to 2008, guiding its transformation from an audit-focused firm into a diversified professional services…
The Asian Development Bank (ADB) has approved a $200 million loan to support the ongoing Mahaweli Development Program, Sri Lanka’s largest multiuse water resources development initiative. The program aims to transfer excess water from the Mahaweli River to the drier northern and northwestern parts of Sri Lanka. The Mahaweli Water Security Investment Program Stage 2 Project will…
Reuters – Walt Disney, opens new tab is investing $1 billion in OpenAI and will let the startup use characters from Star Wars, Pixar and Marvel franchises in its Sora AI video generator, a deal that could reshape how Hollywood makes content. The three-year partnership announced on Thursday is a pivotal step in Hollywood’s embrace…
The 27th Presidential Export Awards Ceremony, organized by the Sri Lanka Export Development Board (EDB) under the Ministry of Industries and Development, was held Yesteray (11) at the Bandaranaike Memorial International Conference Hall under the patronage of Dr. Harini Amarasuriya, Prime Minister of the Democratic Socialist Republic of Sri Lanka. As the highest national accolade…
Diplomats based in Colombo have made a personal contribution of LKR 3.6 million to the government’s “Rebuilding Sri Lanka” Fund, which provides relief to people affected by the recent devastating cyclone. The relevant cheque was handed over today (11) to Minister of Foreign Affairs, Foreign Employment and Tourism, Mr. Vijitha Herath, by Her Excellency Dewi…
Analysis
By Dr Nisha Arunatilake, Director of Research, Institute of Policy Studies of Sri Lanka (IPS) The Ditwah Cyclone ranks second only to the December 2004 Tsunami in terms of damage to housing in Sri Lanka’s recent history. According to the government’s Disaster Management Centre, as of 9th December 2025, 86,488 houses were partially or fully…
Human civilization is at the dawn of a multi polar world rising with new leaders. Among them China is paramount & its Belt & Road Initiative (BRI – 21st Century Silk Road) is networking others such as Russia, South Africa, Brazil, Germany & India etc. Some were shocked & critical after seeing Chinese armed forces…
By Dr Manoj Thibbotuwawa and Chandula Idirisinghe Cyclone Ditwah destroyed early-stage Maha season paddy, vegetables, and perennial crops, disrupting both current and upcoming harvests. Together, rising prices, lower production, and declining purchasing power are likely to intensify food insecurity and further undermine nutrition. Restoring transport links, supporting farmers to replant, protecting vulnerable households and strengthening…
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