ICT/BPM export earnings reached about $581.7m in Jan–Apr 2026, surpassing tea export earnings of $451.58m in the same period. FITIS said the milestone reflects years of ecosystem development and supports Sri Lanka’s $15bn Digital Economy Vision to 2030.
The IRD issued revised guidelines (Gazette No. 2481/17 dated 26 Mar 2026), effective retrospectively from 1 Oct 2025, changing VAT Risk-Based Refund taxpayer classifications and using five-year data and prior audit findings; more taxpayers may be classed high-risk and face pre-audits that can delay refunds beyond the 45-day window.
Exporters
Ada Derana·May 29, 2026·Credit rating actionPositive
Ceylon Chamber of Commerce welcomed IMF approval of the 5th and 6th EFF reviews, enabling Sri Lanka to access about USD 695 million, and urged continued reform momentum to preserve macroeconomic stability amid external pressures. It reiterated measures including optimizing the fuel QR digital platform, clearer policy communication, and accelerating reforms in trade, tourism, logistics and digitalisation.
Rupee & ForexFuel & Energy PricesTourismExporters
Ada Derana·May 29, 2026·Promotional / marketingPositive
The Board of Investment launched the 'Ready to Invest' digital platform showcasing 30 pre-structured, shovel-ready projects across eight priority sectors to attract international capital. BOI says USD 1.9bn of approved projects are ready to break ground, with a further USD 1.4bn in the pipeline.
Colombo Stock Exchange ASPI rose 0.50% to 22,310.80, with diversified financials leading turnover at Rs.3.89bn and total turnover Rs.7.38bn. Aitken Spence reported Q1 profit of Rs.3.81bn and declared a tax-exempt Rs.4.00/share dividend; Aitken Spence Hotel Holdings declared a Rs.0.28/share tax-exempt dividend.
IT Gallery Computers (Pvt) Ltd won the “Distributor Excellence Award 2025–2026 | Gaming & Visual Sri Lanka” at Lenovo 360 Accelerate 2026, recognising its role in expanding Lenovo’s gaming and visual product presence and channel development across Sri Lanka.
LG Electronics opened its first LG Business Innovation Centre at Abans Elite in Colombo on 14 May 2026, a dedicated hub for commercial information displays and AV solutions. The centre showcases integrated solutions (video walls, digital signage, Pro TV and management software) for retail, hospitality, healthcare and transport and is open for demos.
Indian CEO Forum re-elected Kishore Reddy as president at its AGM and reaffirmed commitment to deepen India–Sri Lanka business ties; Indian High Commissioner Santosh Jha urged investment, an upgraded FTA and cooperation across tourism, IT, infrastructure, manufacturing and services.
Speakers at the Sri Lanka Brand Forum Leadership Summit urged companies to redesign strategy for a new era of permanent volatility, prioritising employee wellbeing, organisational resilience (slack resources), decentralised decision-making, and long-term purpose-driven social programs.
Fuel & Energy PricesIT & DigitalHealthcare & PharmaConsumer Staples (FMCG)
The BOI launched 'Ready to Invest', a digital platform showcasing over $3bn of investor-ready projects across eight priority sectors. BOI said Sri Lanka attracted $1.06bn FDI in 2025 and about $1.9bn of BOI-approved projects are set to commence, led by urban/mixed-use ($970m), manufacturing ($650m), tourism ($400m) and logistics ($385m).
Sri Lanka's ICT/BPM exports reached about USD 581.7m in Jan–Apr 2026, surpassing tea exports of USD 451.58m over the same period. FITIS says the milestone reflects years of ecosystem development and recent policy measures supporting the country's digital economy ambitions.
Creative Information Technologies opened a new premium showroom at Unity Plaza on 25 May 2026 to expand its retail and distribution presence. The company distributes brands including Amida, HAVIT and PNY and retails products from HP, Dell, Asus and MSI.
The Sri Lankan-German Business Forum 2026 opened in Colombo to promote bilateral trade and attract FDI, with a particular focus on maritime and logistics investment. The three-day forum features a startup and innovation showcase and panels on maritime development, export competitiveness, infrastructure financing and GSP+ trade concessions.
Colombo stocks recovered after the CBSL hiked policy rates by 100bps, with the ASPI up 0.11% at 22,199.23 and turnover around Rs.1.86bn. DIAL, CCS, BREW, CARS and NDB were top positive contributors; VLL saw net foreign buying while AAIC saw net foreign selling and Food & Beverage led turnover.
SLT-MOBITEL Enterprise hosted SmartChat Mega – Kandy, showcasing tailored digital and AI-driven solutions to over 200 SMEs to accelerate digital transformation and offering one-on-one consultations on cloud, IoT, enterprise mobility and secure business platforms.
Huawei executive He Tingbo presented the Tau (τ) Scaling Law at ISCAS 2026, proposing time (τ) scaling and LogicFolding as a new guiding principle to boost transistor density, performance and energy efficiency. Huawei says it has designed 381 τ-based chips and will launch LogicFolding Kirin chips in Fall 2026.
Dr. Nirmal De Silva launched his book 'The 15 Organizational Realities' at BMICH, Colombo, presenting fifteen recurring organizational patterns and practical leadership shifts based on over 7,800 engagements across more than 250 organisations. The launch included a panel of senior private- and public-sector leaders.
IT & DigitalHealthcare & PharmaTourismConsumer Staples (FMCG)
Digital Mobility Solutions Lanka (PickMe) posted FY25/26 revenue of Rs.8.7bn (+49%), net profit of Rs.2.2bn (+88%) and GTV of Rs.84.5bn, distributing over Rs.73bn to independent earners; the Board proposed a final dividend of Rs.2.60 (total Rs.4.30).
Huawei presented the Tau (τ) Scaling Law at ISCAS, proposing time (τ) scaling and LogicFolding to boost transistor density and system performance. Huawei says it has designed and mass-produced 381 τ-based chips, will ship Kirin chips using LogicFolding in Fall 2026, and expects 14 Å-equivalent density by 2031.
Colombo Stock Exchange closed higher as the ASPI rose 0.54% to 22,294.71 and the S&P SL20 gained 0.61%. Top contributors included Dialog Axiata, Ceylon Cold Stores, NDB and Bairaha Farms while Hemas, Lion Brewery and Sampath Bank lagged; Jetwing Symphony declared a final dividend of Rs0.50 and closed at Rs14.30 (+2.88%).
SLT‑MOBITEL Enterprise hosted SmartChat Mega – Kandy for over 200 SMEs, showcasing tailored digital and AI-driven business solutions. The event provided one-on-one consultations and guided hubs covering cloud, IoT, enterprise mobility and collaboration tools to support SME digital transformation.
IT & Digital
Ada Derana·May 27, 2026·Promotional / marketing·DIALPositive
Dialog Business Services (Dialog Axiata) signed an MOU with the H.E.R Foundation to formalise a menstrual health partnership, installing 29 sanitary-napkin dispenser units across its offices and 23 retail outlets and delivering menstrual health education sessions nationwide.
Meridian Talent, a specialist recruitment division of Meridian Creative Solutions, launched to provide human-first, alignment-focused hiring for mid-to-senior technology roles, promising curated shortlists typically within 7 days and operating on a no-placement-no-fee basis.
hSenid Business Solutions (HBS.N0000) delivered an FY2026 turnaround: revenue rose 13% to Rs.2.1bn, exit ARR reached $5.5m (up 32% YoY) and normalized EBITDA turned positive at LKR200m (10% margin), with PBT loss narrowed to Rs.8m and positive free cash flow.
Dialog Axiata (DIAL.N0000) became the Colombo Stock Exchange's largest listed company with a market cap of Rs. 367.09 billion after its share price rose 7% to Rs. 39.90 on May 25. John Keells stood at Rs. 359.36bn and Ceylon Tobacco at Rs. 341.91bn; Commercial Bank was the largest bank at Rs. 320.88bn.
SLT Group delivered a strong Q1 2026: consolidated revenue LKR 30.8bn (+10.6% y/y) and profit after tax LKR 3.1bn (+53.3%), with operating profit LKR 5.1bn (+39.1%). The performance was driven by broadband growth and Mobitel subscriber momentum, and the group made its 5G network publicly accessible while addressing network rollout challenges.