Category: Economy and Markets
Evolution Auto brings multi-brand electric vehicle showroom to Kurunegala
Evolution Auto, a pioneer in Sri Lanka’s electric mobility sector, has officially opened its multi-brand electric vehicle (EV) showroom in Kurunegala, in collaboration with New Jayasekara Auto Motors (Pvt) Ltd. The new showroom offers customers a chance to explore, test drive, and purchase a wide range of electric vehicles, making eco-friendly transportation more accessible than […]
Central Bank keeps Overnight Policy Rate unchanged
The Monetary Policy Board, at its meeting held yesterday, decided to maintain the Overnight Policy Rate (OPR) at the current level of 7.75%. The Board arrived at this decision after carefully considering evolving developments and the outlook on both domestic and global fronts. The Board is of the view that the current monetary policy stance […]
Sri Lanka’s Export Earnings Exceed USD 14.4 Bn Mark in First Ten Months of 2025
Sri Lanka’s export sector has continued its strong upward trajectory, recording a significant 6.0 % growth during the period from January to October 2025. According to data released by Sri Lanka Customs, along with estimated figures for Gems & Jewellery and Petroleum Products, total exports reached US$ 14,433.82 Mn, surpassing the performance of the corresponding […]
SEC Issues Urgent Scam Alert: Blue Ocean Securities Unlicensed and Unauthorized to Trade
The Securities and Exchange Commission of Sri Lanka (SEC) has issued an urgent warning to the public, stating that Blue Ocean Securities Ltd is not licensed by the SEC and has no authority to trade in securities in Sri Lanka on behalf of investors. The SEC further revealed that the company’s Chief Analyst and assistant […]
‘s &’s National Ratings on Rating Watch Positive on Proposed Acquisition
Fitch Ratings has placed Housing Development Finance Corporation Bank of Sri Lanka’s (HDFC) National Rating of ‘BB+(lka)’ and State Mortgage & Investment Bank’s (SMIB) National Rating of ‘BB(lka)’ on Rating Watch Positive (RWP). HDFC’s rating was previously on a Negative Outlook. Key Rating Drivers Acquisition on the Cards: The rating action follows the announcement by the […]
‘s 47-pct y-o-y increase in Group PAT, reaching Rs.34.7Bn
Sustaining its upward momentum, HNB delivered strong results in the first nine months of Group PAT reached Rs 34.7 Bn, marking a 47% YoY increase, while the Bank’s PAT grew by 42% YoY to Rs 31.5 Bn. Commenting on the performance, Mr. Nihal Jayawardena, Chairman of HNB PLC stated, “The period under review has been […]
Strategic report to CTC – South Asia’s first “quit like Sweden” anti-tobacco roundtable
On 11 November 2025, Colombo hosted a major roundtable on tobacco harm reduction, organized by Quit Like Sweden, a UK-based international non-profit platform. The event brought together experts from around the world to examine Sweden’s successful tobacco harm reduction model and discuss how elements of this approach could be adapted in South Asia, including Sri […]
Renewed diaspora optimism as RIUNIT showcases real estate investment opportunities in London
The Research Intelligence Unit (RIUNIT) together with the High Commission of Sri Lanka in London held the Sri Lanka Real Estate Investment Forum: London 2025 on Thursday, 30 October 2025 at the Sri Lanka High Commission in London. Despite having organised many dozens of investor events at high diaspora density locations around the globe during […]
Hayleys sustains growth momentum, reports PBT of Rs.13.33Bn in first half of 2025/26
Achieves Revenue and PBT growth of 13% and 7% during the 2nd quarter of the year supported by both domestic and export-oriented businesses Ranked as Sri Lanka’s leading listed corporate in the 32nd edition of the LMD 100 Accelerates growth through strategic expansion in new verticals The Hayleys Group sustained its strong growth trajectory during […]
CSE Signs MOU with Seylan Bank PLC to Streamline Foreign Investment
The Central Depository Systems (Pvt) Limited (CDS), a wholly owned subsidiary of the Colombo Stock Exchange (CSE), signed a Memorandum of Understanding (MoU) with Seylan Bank PLC to enhance the facilitation of Inward Investment Accounts (IIAs) for non-resident Sri Lankans and Foreign Individuals (FIs) who wish to open CDS accounts through the CSE Mobile App. […]
Government responds to key industry appeals on VAT and SME needs: SLABA
The Sri Lanka Apparel Brands Association (SLABA), representing all leading Sri Lankan apparel and fashion brands, enthusiastically welcomes theBudget, which addresses the majority of the industry’s key requests to strengthen the domestic apparel ecosystem. Government Hears Industry Voice SLABA commends the Government for responding decisively to industry concerns, particularly the implementation of VAT on imported […]
Sri Lanka’s Budget Sticks to Fiscal Consolidation Path: Fitch Ratings
The Sri Lankan government’s latest budget indicates that the authorities remain committed to reducing government debt/GDP over the medium term after beating their targets in the 2025 budget. Fitch Ratings believes sustained strong revenue performance will remain key to meeting the government’s fiscal goals. The budget, unveiled on 7 November, targets a deficit of 5.1% […]