Category: Companies
Ceylon Chamber discussion puts energy security at the centre of Sri Lanka’s growth agenda
The Ceylon Chamber of Commerce brought together policymakers, industry players, academics and other stakeholders last week for a discussion on Sri Lanka’s energy transition, framing the shift to cleaner power as much a matter of economic strategy as environmental necessity. The event, titled “Energy Transition in Sri Lanka: Strategic Insights from Global Markets,” comes as […]
Central Bank releases names of 25 pyramid schemes
The Central Bank of Sri Lanka (CBSL) has issued an official warning to the general public, identifying 25 companies and mobile applications that have been found operating as prohibited pyramid schemes. Following investigations conducted under Section 83 (C) of the Banking Act, No. 30 of 1988, the CBSL determined that “Infinity Rover (Pvt) Ltd” and […]
CDS to Limit Activity on Dormant Accounts Until Reactivation as Part of Investor Protection Measures
Central Depository Systems (Pvt) Ltd (CDS), a subsidiary of the Colombo Stock Exchange (CSE), has announced new measures aimed at protecting dormant CDS accounts that have remained inactive for three years or more. The measure will involve a staggered suspension framework for dormant accounts which can be re-activated at any time quite easily by account […]
Government to back apparel exporters with land reforms, ‘Plug and Play’ factories
President Anura Kumara Dissanayake chaired a discussion at the Presidential Secretariat on Monda aimed at resolving challenges facing Sri Lanka’s apparel sector and boosting the country’s export earnings. The meeting brought together top business leaders and investors from the industry to discuss practical hurdles and the support needed to roll out the Export Development Board’s […]
Amana Takaful PLC concludes rights issue, Raises over Rs. 1Bn amid strong shareholder demand
Amana Takaful PLC has successfully closed its Rights Issue, raising more than Rs. 1 billion through the allotment of over 52.8 million new ordinary voting shares priced at Rs. 19 each. The offer, extended exclusively to existing shareholders, was oversubscribed by 68.8%, signaling solid investor confidence in the company’s direction. The response builds on a […]
CSE collaborates with European Union-funded Green Recovery Facility in Driving Sri Lanka’s GSS+ Bond Market
Sri Lanka’s sustainable finance market continues to gain momentum as the Colombo Stock Exchange (CSE) collaborated with the European Union-funded Green Recovery Facility, implemented by Expertise France, to advance the country’s growing pipeline of Green, Social, Sustainable and Sustainability-Linked (GSS+) bonds through a series of targeted market-building programmes earlier last month. CSE collaborated with the […]
Why Sri Lanka’s SME apparel sector needs a national sustainable industries policy framework
By Nishantha Bakmeege President Sri Lanka chamber garment exporters (SLCGE) A clear national sustainable industries framework is becoming essential if Sri Lanka’s SME apparel manufacturers are to cut carbon, adopt renewable energy and remain competitive in global export supply chains. Sri Lanka’s apparel industry is entering a new phase where export competitiveness will increasingly be […]
Smart Quest marks 20 years of transforming Sri Lanka’s leaders
As the world marks ICF International Coaching Week 2026, Smart Quest Coaching & Consulting (Pvt) Ltd is celebrating a major milestone of its own, marking 20 years of contribution to leadership development, professional coaching and organisational capability building in Sri Lanka. Founded in 2006 by Andrea Jayatilleka, Smart Quest began with a clear belief that […]
JXG Debuts on CSE’s Main Board
Janashakthi Limited operating as JXG (Janashakthi Group) marked the debut trading of its 500,000,000 ordinary voting shares (Symbol: JXG.N0000) on The Main Board of the Colombo Stock Exchange (CSE) yesterday (29th April 2026) by way of ringing the ceremonial market opening bell on the trading floor of CSE. The Initial Public Offer (IPO), which took […]
Fitch Publishes ‘A(lka)’ Rating on WindForce’s Proposed Debentures
Fitch Ratings has published the National Long-Term Rating of ‘A(lka)’ on WindForce PLC’s proposed senior unsecured redeemable debentures of up to LKR4 billion. The notes are rated one notch below WindForce’s National Long-Term Rating (A+(lka)/Stable) due to increasing structural subordination from secured debt at operating subsidiaries used to fund its capacity expansion. WindForce’s rating reflects […]
Ceylon Chamber Highlights Importance of Balanced Tax Policy in Inland Revenue (Amendment) Bill 2026
The Ceylon Chamber of Commerce, through its Tax Steering Committee, has actively engaged with stakeholders on the proposed Inland Revenue (Amendment) Bill of 2026, recognising its potential implications for businesses and the broader economy. While acknowledging the importance of updating the tax framework, the Chamber’s efforts have focused on assessing the impact of the proposed […]
SEC and CSE Strengthen Role of Auditors of Watchlist Companies
The Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) jointly organized an awareness session recently, for auditors of companies which are currently on the CSE Watchlist. The session focused on enhancing awareness of enforcement actions and timelines, reducing prolonged Watchlist durations, and fostering a more coordinated regulatory approach among […]