Lead Story
Prime Lands Residencies PLC has secured the historic Otters Club Car Park property in Colombo 7 through a recently concluded agreement with the Urban Development Authority (UDA), marking one of the most significant residential land acquisitions in the district in recent years. The property will be developed into ‘The Elizabeth’, a landmark residential tower envisioned…
Featured
Samsung Sri Lanka is set to welcome the Avurudu season with the launch of its latest consumer electronics campaign, ‘Wowurudu’, starting 15th February 2026. Inspired by the spirit of Avurudu, the campaign celebrates new beginnings, togetherness, and the joy of upgrading everyday living with Samsung’s trusted technology. Rooted in local traditions and modern lifestyles, ‘Wowurudu’…
Enterprise Strategy Group (ESG), now part of Omdia, released a technical validation report confirming that the Huawei DCS Full-Stack Data Center Solution (Huawei DCS solution) fulfills the data center demands of the AI era. With efficient virtualization, container, data, and AI modules, the solution enables enterprises to build resilient, reliable, and high-performance data center infrastructure…
HNB PLC, Sri Lanka’s leading private sector bank, has announced the reopening of its refurbished Club HNB Center on Friday, 20 February 2026, further strengthening its highest-tier Private Banking proposition. The reopening marks a significant enhancement to the Bank’s exclusive service environment designed for its most valued clientele. The reopening ceremony was attended by HNB…
Russel’s Wellness proudly showcased its Ayurveda-inspired wellness teas and medicinal formulations at Gulfood 2026, one of the world’s most prestigious food and beverage exhibitions. The event brought together global buyers, distributors, and industry leaders, creating meaningful conversations around heritage, quality, and innovation. A special highlight of the exhibition was the distinguished visit by the Hon….
Sri Lanka’s drag racing calendar accelerates once again on 28th March 2026 from 3 pm onwards at the Katukurunda Racing Track with the 2025/26 Drag Racing Championship titled “Würth Drag Wars”. The Colombo Racing Club organizes the event as Sri Lanka’s first-ever night-time drag racing extravaganza. The Title Sponsor for the Drag Racing Championship –…
Lihini Sea Foods (Pvt) Ltd has been honored with the prestigious Gold Award in the Extra Large Category – Fisheries & Fishery Products Sector at the 33rd NCE Export Awards 2025, organized by the National Chamber of Exporters of Sri Lanka. The accolade recognizes the company’s outstanding contribution to Sri Lanka’s export sector and its…
In a bid to add a distinct touch of luxury for customers, Casons Rent a Car has, for the first time in Sri Lanka, invested in a fully owned fleet of brand-new high-end vehicles dedicated exclusively to its premium services. The company has carefully handpicked and purchased a range of modern vehicles to be deployed…
Serendib Flour Mills continues to reinforce its commitment to people development and technical excellence with the recent international academic achievement of Tharindu Ihalagedara, Assistant Miller, who was awarded the Silver Medal at the International School of Milling Technology (ISMT), CSIR–Central Food Technological Research Institute (CFTRI), India. The International School of Milling Technology, operating under CSIR–CFTRI…
Associated Motorways (AMW) recently handed over 26 brand-new Nissan Magnite SUVs to Rockland Distilleries (Pvt) Ltd, strengthening its growing portfolio of corporate fleet partnerships and reaffirming its commitment to delivering end-to-end mobility solutions to leading Sri Lankan enterprises. The official handover ceremony was attended by senior representatives from all three organisations involved in the collaboration….
First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a leading investment institution in Sri Lanka, marked a significant achievement at the CA Sri Lanka 60th Anniversary TAGS Awards 2025 (Transparency, Accountability, Governance and Sustainability), securing multiple accolades, including the Gold Award in the Investment Banking category. Held recently at Shangri-La Colombo, the…
Top News
Sri Lanka’s stock market recorded a modest gain on Wednesday (25), with both key indices closing higher amid moderate trading activity at the Colombo Stock Exchange. The All Share Price Index (ASPI) rose by 12.48 points to close at 23,703.10, while the S&P SL20 Index gained 4.15 points to end at 6,685.27 at the close…
SriLankan Engineering has officially signed a new long-term Line Maintenance Agreement with Batik Air Malaysia to support all of the airline’s flights to Colombo, Sri Lanka. This partnership reflects the company’s continued commitment to delivering world-class engineering expertise, high-quality maintenance standards, and reliable operational support to airlines across the region. Under this agreement, SriLankan Engineering…
DFCC Bank PLC (DFCC Bank) was invited by the Colombo Stock Exchange (CSE) to ring the market opening bell to mark the successful launch of Sri Lanka’s first Basel III–compliant Green, Social, Sustainability and Sustainability-Linked Loan (GSS+) Bond – a milestone in the country’s evolving sustainable finance landscape. The bell-ringing ceremony followed the strong market…
Sri Lanka is planning to host what is expected to be the largest investment forum in its history on June 10, according to the Sri Lanka Export Development Board (EDB). Chairman and Chief Executive Officer Mangala Wijesinghe announced the initiative at a media briefing held yesterday (24), noting that the event aims to bring some…
Group Core Business Profit After Tax of LKR 11.2 Bn Group Total Capital Adequacy Ratio of 15.989% Group Net Fee and Commission Income up by 48% to LKR 7.3 Bn Bank Loan Book up by 120 Bn to LKR 516 Bn Bank Profit After Tax of LKR 16 Bn including disposal gain from Acuity Partners…
The Sri Lanka Export Development Board (EDB) recently held a high-level virtual meeting with the High Commission of New Zealand in Sri Lanka, High Commission of Sri Lanka in New Zealand, and representatives of the Sri Lankan business community in New Zealand to promote greater participation at Sri Lanka Expo 2026 and to explore avenues…
Minister of Foreign Affairs, Foreign Employment and Tourism Vijitha Herath will undertake a visit to Germany from 26-27 February 2026 to participate in a series of meetings related to trade and foreign employment, pursuant to an invitation extended by the German-Asia Pacific Business Association of Germany (OAV) Bremen Chapter. The Minister will attend the events related…
The airline is looking to onboard Workshop Technicians via Roadshow in Colombo on 10 March Emirates, the world’s largest international and most profitable airline, is continuing its global search for top-tier aircraft technical talent, with Sri Lanka confirmed as its next destination. The airline will host information sessions in Colombo on 10 March 2026 for…
Analysis
The largely state controlled Sri Lankan health sector is a comparatively high quality welfare system. Still on many instances media reports the hardships less privileged go through when state sector health professionals engage in strikes (refuse to work). To reduce this impact, state introduced duty free vehicle permits in the early 1990s for health sector…
Fitch Ratings – Fitch Ratings believes the Central Bank of Sri Lanka’s (CBSL) reintroduction of a consolidation framework for the banking sector is broadly positive for sector credit profiles. Consolidation should strengthen franchises, create better-capitalised banks and support compliance with tightening single-borrower limits, particularly as higher post-merger capital can enable banks to take larger exposures…
Sri Lanka’s export sector began 2026 on a strong momentum, recording a robust year-on-year growth of 13.71%, signaling renewed momentum in external trade performance. According to statistics released by Sri Lanka Customs, together with estimated export figures for gems and jewellery, petroleum products, and services, total export earnings reached US$ 1,532.6 Mn. The encouraging performance…
Video Story
