Hayleys PLC has announced its Board of Directors’ decision, made during a meeting on January 21, 2026, to approve an interim dividend of Rs. 6 […]
Month: January 2026
Nations Trust Bank of Sri Lanka Receives $70 Million Boost from IFC Financing
Sri Lanka’s Nations Trust Bank has announced securing a debt financing package of up to $70 million from the International Finance Corporation (IFC), the private […]
Fairway Holdings Unveils Its Seventh Luxury Apartment Venture, “Fairway Latitude”
Fairway Holdings, renowned for luxury and quality in the condominium sector of Sri Lanka, marked the launch of its seventh apartment project, Fairway Latitude, on […]
Sri Lankan Rupee Declines as Bond Yields Fall
The Sri Lankan rupee was quoted at 309.70/85 against the US dollar in the spot market on Thursday, showing a slight depreciation from the previous […]
The Drug State We Are Becoming — By Denial, Not Design
Sri Lanka does not have a drug problem. It has a drug accommodation problem. That distinction matters — because problems are solved, while accommodations are managed, […]
Can Sri Lankan hospitality providers truly afford a “Zero Plastic” commitment?
They can afford the direction. They can’t afford the slogan—at least not as a literal, absolutist promise. “Zero plastic” is the kind of phrase that sounds wonderful […]
Port City at COPF: What Was Approved – And What Still Isn’t
The Committee on Public Finance (COPF) has now approved the Colombo Port City Economic Commission (Amendment) Bill, but the discussion revealed why approvals inside Port City have been uneven […]
Dhammika Perera dazzles again – with Hayleys PLC
By Faraz Shauketaly There are two kinds of capital markets participants in Sri Lanka.Those who trade headlines — and those who compound value. Dhammika Perera belongs firmly […]
Sri Lanka Solar Companies Demand Compensation for Reduced Power Purchases
FINANCIAL CHRONICLE – Solar power producers in Sri Lanka are requesting compensation for reduced power purchases, citing an inability to service debts due to the […]
Hayleys of Sri Lanka Launches Rs9 Billion Rights Issue Initiative
FINANCIAL CHRONICLE – Hayleys Plc, a prominent company in Sri Lanka, has announced plans to generate 9 billion rupees through a rights issue. This initiative […]
Sunshine Holdings Acquires Joint Agri Products Ceylon for Rs 2.6 Billion
Sunshine Holdings PLC has announced the acquisition of a 75% stake in Joint Agri Products Ceylon (Private) Limited (JAPC), a prominent exporter of premium organic […]
Sri Lanka’s CBL Acquires Indonesian Coconut Factory in $25 Million Deal
FINANCIAL CHRONICLE – The Sri Lanka-based food manufacturer, CBL Group, has announced the acquisition of a coconut processing plant in Indonesia for $25 million. This […]
Sri Lanka Customs Levies Penalty on Rolls Royce Phantom for Misdeclaration: Sources Report
Sri Lanka Customs has imposed a penalty of approximately 70 million rupees on a recently imported Rolls Royce Phantom Auto after it was discovered that […]
Sri Lankan Rupee Declines as Bond Yields Hold Steady
The Sri Lankan rupee concluded trading at 309.72/80 against the US dollar in the spot market on Wednesday, slightly depreciating from the previous day’s rate […]
Pramuka Bank: From Collapse to Resurrection, and the Lessons Sri Lanka Cannot Ignore.
he collapse of Pramuka Savings and Development Bank remains one of the most defining moments in Sri Lanka’s modern financial history. It was not merely […]
Sri Lanka Sees Decline in Treasury Bill Yields Amid Reduced Sale of 12-Month Bills
FINANCIAL CHRONICLE – Data from Sri Lanka’s Public Debt Management Office revealed a decline in Treasury bill yields across most maturities during Wednesday’s auction. The […]
Sunshine Holdings to Acquire Majority Stake in Joint Agri Products Ceylon
Sunshine Holdings PLC (SUN), a diversified conglomerate in Sri Lanka, has announced plans to acquire a 75% stake in Joint Agri Products Ceylon (Private) Limited […]
Siddhalepa Ayurveda Expands Global Presence with New Outlet at Katunayake Airport’s Departure Terminal
Siddhalepa Ayurveda, an integral part of the Hettigoda Group of Companies, is pleased to announce the inauguration of its latest outlet located at the Departure […]