Lead Story
The Colombo Stock Exchange (CSE) witnessed a strong rally today (25), with benchmark indices recording notable gains amid broad-based buying interest. The benchmark All Share Price Index (ASPI) surged by 435.13 points, or 1.98%, to close at 22,364.77, while the S&P SL20 Index, which tracks the market’s most liquid stocks, gained 118.08 points, or 1.95%,…
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Driven by a strong commitment to digital innovation, enhanced accessibility, and an improved customer experience, the Commercial Bank of Ceylon has further enhanced its Self-Onboarding Platform, enabling new-to-bank customers to open accounts through a more seamless, secure and fully paperless digital experience, eliminating the need to visit a branch. The upgraded platform now offers a…
The pest management industry professional, Rajitha Cooke has been recognised with the prestigious Global CEO ‘45 Under 45 – Leadership Excellence Platinum Award 2025’ presented by the Global CEO Forum. The awards ceremony, held on May 21at Hilton Colombo, celebrated exceptional young leaders, innovative entrepreneurs, and C-Level executives across the public and private sectors from any part…
ITC Ratnadipa, Colombo invites guests to celebrate the spirit of togetherness with ‘Flavours of Eid’, a curated lunch & dinner buffet experience at the Indian Ocean Pavilion on 28th May 2026, lunch priced at LKR 8,000 Nett per person and dinner priced at LKR 9,500 Nett per person. Overlooking the ocean horizon, the Indian Ocean…
HNB General Insurance (HNBGI) is pleased to announce the appointment of Dilshan Perera as Chief Operating Officer (COO). This appointment reinforces the company’s commitment to strengthening its leadership pipeline and advancing its strategic transformation agenda in the insurance industry. Dilshan is an accomplished C-suite senior manager with over 20 years of experience spanning Strategic Management,…
HUTCH Sri Lanka is continuing its commitment to environmental sustainability through the ongoing implementation of its rainforest restoration initiative at the Rajawaka Forest Reserve in Balangoda. Conducted in partnership with Rainforest Protectors Sri Lanka, the programme was implemented for the third consecutive year. During this phase, approximately 500 native plants were introduced across half an…
MullenLowe Group Sri Lanka continues its creative dominance as Sampath Karunaratne, Creative Director, has been named the recipient of the 2026 Next Generation Leader Scholarship to attend the Cannes Lions International Festival of Creativity in France. This marks the second consecutive year that a MullenLowe Sri Lanka creative leader has been selected for the scholarship,…
The IPG Group and SLT-MOBITEL PEOTV have announced a strategic partnership for the upcoming Lanka Premier League (LPL). Sri Lanka’s pioneering Internet Protocol Television (IPTV) service provider, PEOTV, has been appointed as the exclusive media and broadcast partner for the entire tournament. Through this partnership, Cricket fans across Sri Lanka will be able to watch…
EFL Global, a member of the SG Holdings Group, a leading Japanese comprehensive global logistics group, is pleased to announce the appointment of Rooso Ramachandran as the new Global Chief Executive Officer of EFL Global, marking an important leadership transition as part of a broader organizational realignment aimed at strengthening global integration and improving execution…
David Pieris Automobiles (Private) Limited (DPA), the four-wheeler sales arm of the David Pieris Group of Companies, has entered into a strategic partnership with Nations Trust Bank PLC to offer flexible and customer-centric vehicle financing solutions for BAIC and GWM vehicles. This collaboration is aimed at enhancing accessibility and affordability for customers seeking to own…
Sri Lanka’s relationship with mobility has changed significantly over the past few years. What was once a routine part of daily life, became uncertain during the height of the fuel crisis, forcing people to rethink how they travelled, worked, and managed their everyday responsibilities. Against this backdrop, a new podcast series hosted by PodHUB and…
Top News
Pelwatte Dairy Industries Limited has announced a significant new investment through its fully owned subsidiary, Pelwatte Foods (Private) Limited, to establish a Greenfield Liquid Milk Manufacturing Facility (Phase 01) at its Kurunegala plant. The investment, valued at approximately Rs. 1.86 billion, was formalised through an agreement signed with the Board of Investment of Sri Lanka…
Sri Lanka’s total exports, comprising both merchandise and services, reached US$ 1,380.93 million in April 2026, recording a year-on-year growth of 6 % compared to April 2025. According to provisional data released by Sri Lanka Customs, together with estimated figures for Gems & Jewellery and Petroleum Products, merchandise exports in April 2026 increased by 9.87%…
Hemas Holdings PLC announced record earnings for both the fourth quarter (Q4) and full financial year FY26, marking a historic milestone for the Group. Group earnings reached Rs. 3.03 Bn in Q4, representing 17.6% year-on-year (YoY) growth, and Rs. 8.92 Bn for the full year, up 10.7% YoY. Revenue for FY26 grew 8.0% to Rs….
Sri Lanka’s apparel exports recorded a softer performance in April 2026, with total exports declining by 4.72% to US$ 328.15 million, compared to US$ 344.40 million in April 2025. The decline was mainly seen across key traditional markets, with exports to the UK down 16.91%, the EU down 8.78%, and the USA down 3.46%. However,…
Reuters – Oil prices fell 6% to two-week lows on Monday, as optimism grew that the United States and Iran were moving closer to a peace deal, even though they remain at odds over key issues, such as blockades on the Strait of Hormuz. Brent crude futures fell $5.85, or 5.7%, to $97.69 a barrel by 0343…
The Governing Board of the CBSL decided to introduce a maximum LTV ratio for credit facilities secured by gold and tighten the maximum LTV ratios applicable to credit facilities granted in respect of motor vehicles with effect from 25 May 2026. These steps are taken by the CBSL in line with its macroprudential authority, in…
Now available for pre-order via www.dialog.lk Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, has announced the launch of Dialog Air Fibre powered by 5G, marking a significant step in its commitment to delivering next-generation digital experiences. This latest innovation marks yet another industry first by Dialog, reinforcing its longstanding commitment to delivering cutting-edge technology…
As a result, many high-end car showrooms are reportedly jam-packed in South Korea. Samsung Electronics recently averted a labor union strike in its semiconductor division by agreeing to distribute KRW 40 trillion (approximately $26.6 billion) in bonuses. The payout will vary depending on each employee’s position, but the average bonus per employee in the division is expected to be…
Analysis
Sri Lanka’s total exports, comprising both merchandise and services, reached US$ 1,380.93 million in April 2026, recording a year-on-year growth of 6 % compared to April 2025. According to provisional data released by Sri Lanka Customs, together with estimated figures for Gems & Jewellery and Petroleum Products, merchandise exports in April 2026 increased by 9.87%…
With India poised to become the world’s third-largest economy, Sri Lanka must treat its nearest neighbour not as a trade rival but as its most consequential export destination. Key Takeaways India is no longer optional — it is a defensive necessity. The simultaneous erosion of Sri Lanka’s US market access (20% tariff, up from near…
By Prof. Samitha Hettige When Sri Lankans were rushing to train stations to go home to celebrate Sinhala & Hindu New Year on 14th April 2026, Vietnam’s Paramount Leader & President ‘To Lam’ arrived in China for a 4 day state visit. He is referred such since he heads Vietnamese Communist Party & the government….
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