Lead Story
The Central Bank of Sri Lanka (CBSL) has announced that the Sri Lankan Rupee (LKR) depreciated by 5.4% against the US Dollar on a year-to-date basis as of the end of May 2026. In its official assessment of the currency’s performance, the Central Bank stated that this decline reflects heightened external sector pressures following the…
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The company continues to earn international recognition for its contribution to Sri Lanka’s evolving property sector. Prime Group has once again been named Developer of the Year, Sri Lanka at the Real Estate Asia Awards 2026, marking another milestone in a record of consecutive recognition that speaks directly to the confidence placed in the brand….
Commercial Bank of Ceylon, in its commitment to provide secure and world-class technologies to its customers, has further strengthened the security and convenience of online payments for its UnionPay cardholders by becoming the pioneering financial institution in Sri Lanka and the wider South Asian region to introduce advanced 3-D Secure (3DS 2.x) authentication for UnionPay…
The east coast’s first solar-powered platform dining experience brings the flavours of Sri Lanka’s eastern coastline to the open water Sun Siyam Pasikudah, part of the Privé Collection under Maldivian-owned Sun Siyam Resorts, has officially launched its floating dining platform on the open waters of Pasikudah Bay, the Aqua Lounge. It is the only floating…
For more than two decades, Comfort World has quietly shaped the way thousands of people across Sri Lanka and the Indian Ocean region experience sleep, comfort and recovery. Today, the company stands at the forefront of a growing movement that recognizes quality sleep not as a luxury, but as a fundamental pillar of wellbeing. Under…
Emirates Skywards is celebrating its members over the next few months with the launch of ‘Season of Rewards’ – a global campaign packed with bonus Skywards Miles and Tier Miles, enhanced Cash+Miles savings, partner reward flight offers, and accelerated earning opportunities across partner airlines, hotels, car rentals, holiday packages and lifestyle experiences. Running up to…
In a market where traditional savings accounts and fixed deposits are struggling to keep pace with rising costs and changing interest rates, JB Financial has launched the JB Vantage Credit Opportunity Fund (COF), a flexible investment solution designed for investors seeking stronger returns without sacrificing liquidity. The fund enters the market at a time when…
Seylan Bank PLC has entered a strategic partnership with Hayleys Fentons Limited to introduce a dedicated leasing facility for customers purchasing electric vehicles (EVs), reinforcing the Bank’s commitment to promoting sustainable transport and green mobility solutions in Sri Lanka. Through this partnership, customers purchasing EV brands represented by Hayleys Fentons Limited, including JAECOO, OMODA, KAIYI,…
There are some chefs who simply cook, and then there are chefs like Stefano Maria La Penna, storytellers who plate memories, culture and emotion with every dish. This June, Cinnamon Life at City of Dreams Sri Lanka invites guests to experience Italy through the eyes, hands and heart of Chef Stefano as Bistro Des Marées…
Aitken Spence Printing has achieved a landmark international recognition by becoming the first and only offset printing company in Sri Lanka to win an award at the prestigious WorldStar Awards, organised by the World Packaging Organisation (WPO). The Company secured the WorldStar 2026 Award for Packaging Excellence in the Luxury Packaging category, reaffirming Sri Lanka’s…
365 Future Energy, an Australia-based sustainable energy solutions company, is pleased to announce the upcoming visit of its CEO, Mr. Isuru Yapa, together with internationally recognized energy technology entrepreneur Mr. Ludovico Finotto, to Sri Lanka on 1st June 2026. The purpose of this strategic visit is to explore sustainable energy solutions, evaluate emerging opportunities within…
Top News
Records 19% revenue growth, with Profit Before Tax increasing to Rs. 38 bn. The Hayleys Group delivered a record performance during the financial year ended 31st March 2026, achieving the highest revenue in its history with a 19% year-on-year increase to Rs. 585.02 bn, while Consolidated Profit Before Tax rose by 4% to Rs. 38.04…
First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a pioneering force in Sri Lanka’s capital markets landscape, delivered a steady performance during FY2025/26, recording a Profit after Tax of Rs. 2.10Bn for the year ended 31 March 2026. While this compares to Rs. 5.02Bn recorded in the previous year, the Group’s performance…
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…
Analysis
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…
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’…
By Prof. Samitha Hettige The Sripada (Adam’s Peak/ Samanala kanda) pilgrimage season running from December full moon day to May full moon day ended recently. President Premadasa was the last head of state to climb the mountain (early 1990s) after King Nissnaka malla (Ref. Mahavansa). The ‘Samanala’ hydroelectric power station (‘Laxapana dam’) built across the ‘Maskelioya-oya’ downstream…
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