Category: Companies
President Anura Kumara Dissanayake to Inaugurate Sri Lanka Economic & Investment Summit 2026 Today
President Anura Kumara Dissanayake will inaugurate the Sri Lanka Economic & Investment Summit 2026 today, 12 October, at the Shangri-La Colombo. Organised by The Ceylon Chamber of Commerce, the two-day Summit will feature senior business leaders, policymakers and international experts discussing Sri Lanka’s economic priorities and investment prospects. Held under the theme “Positioning Sri Lanka […]
The cost of hesitation: Lessons from Asian national strategies on oil palm
By Lalith Obeyesekere, Secretary General, Planters’ Association of Ceylon In his memoirs, Lee Kuan Yew described Ceylon as Britain’s model Commonwealth country, and tooknote of the significant lead that then Ceylon had in terms of its resources, infrastructure and institutions when compared to the Singapore he had inherited, or to his immediate neighbours, Malaysia and […]
Sri Lanka’s services boom offsets manufacturing slowdown as PMI data shows uneven August recovery
Sri Lanka’s economy sent a mixed but broadly positive signal in August, as new Central Bank data show services activity accelerating sharply even as manufacturing growth lost momentum. The Purchasing Managers’ Index for Services jumped to 65.6 in August from 61.4 in July, marking an acceleration in what was already a strong expansion. The pickup […]
World Bank mobilizes record USD112 Bn in private capital, with lessons for economies like Sri Lanka
The World Bank Group has pulled in more private capital this year than at any point in its history, a shift that carries real relevance for import-reliant, foreign-exchange-constrained economies like Sri Lanka looking to attract investment beyond traditional aid channels. Private capital mobilized by the Group more than tripled over the past four years, climbing […]
Build buffers before the storm, Central Bank Governor tells reserve managers
Sri Lanka’s Central Bank Governor Dr. Nandalal Weerasinghe used the inaugural Reserve Management Conference in Colombo on 10 September to deliver a pointed message to central bankers from across Asia and beyond: the world reserve managers once knew no longer exists, and the old playbook needs rewriting. Addressing delegates at the opening of the two-day […]
Hemas Sustains Q1 Revenue Amid Market Volatility; Sharpens Focus on Margin Recovery
Hemas delivered revenue growth of 0.9% YoY to Rs. 28.77 Bn in Q1 FY27, supported by growth in Consumer Brands, Hospitals and Mobility. Gross profit margin improved to 30.4%, demonstrating the benefits of pricing actions and portfolio mix improvements. The escalation of conflict in the Middle East led to rising global fuel, freight and raw […]
Cabinet Approves Amendments to Modernize Sri Lanka’s EPF Act
Sri Lanka’s Cabinet of Ministers has approved a proposal to instruct the Legal Draftsman to draft legislation amending the Employees Provident Fund (EPF) Act No. 15 of 1958. The proposed revision aims to modernize the original framework in response to contemporary social, economic, and technological changes, reducing operational bottlenecks and delivering a more efficient service […]
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 […]