Siyapatha Finance, Sampath Bank's fully owned subsidiary, opened its 64th branch in Bandarawela as part of its 2026 expansion. The branch will offer leasing, deposits, gold financing, business and personal loans, factoring and Smart Pay bill services; Siyapatha holds a Fitch A(lka) Stable rating.
FanCode has secured digital streaming rights in India for the Lanka Premier League 2026, broadcasting all matches live from July 17 to August 8, 2026. The deal follows a reported 65% increase in audience consumption and aims to deepen the tournament's digital reach in the Indian subcontinent.
SANASA Life has resumed full operations after the Insurance Regulatory Commission of Sri Lanka lifted a temporary suspension; the company says it continued to honor valid claims during the suspension and will roll out nationwide initiatives to rebuild distribution and customer engagement.
Colombo Stock Exchange All Share Price Index fell 141.27 points (0.64%) to 21,821 at midday. Nations Trust Bank said its Basel III-compliant Tier-2 debentures will be listed on July 8 with 5-, 7- and 10-year tranches paying 13.75%, 13.85% and 13.95% respectively.
Evolution Auto launched Auto Direct, a platform for buying, selling and trading-in used vehicles that offers market-based valuations, ownership checks and inspections to eliminate intermediaries. The service enables customers to trade up to EV brands represented by Evolution Auto and provides end-to-end transaction management.
IT & DigitalRenewable Energy
Ada Derana·Jul 8, 2026·Promotional / marketing·HAYLPositive
Hayleys PLC led World Environment Day 2026 activities across its plantation group, with Kelani Valley, Talawakelle and Horana plantations running tree-planting, awareness campaigns and Talawakelle launching the Hill Country Green Force volunteer initiative.
Access Motors Private Limited, the sole Jaguar Land Rover agent in Sri Lanka, won the 'Most Professional Workshop' award in the After Sales Service category at the Automobile Industry Awards 2026 held at Temple Trees on 12 June 2026. Its 3S workshop has 30 bays, 20 lifts and reports 95% utilization and 90% efficiency.
Ada Derana·Jul 8, 2026·Promotional / marketing·JKHPositive
John Keells CG Auto hosted BYD Vice President Liu Xueliang as BYD deepens its Sri Lanka commitment; BYD accounted for ~37% of new vehicle registrations and >70% of EV registrations in Sri Lanka within nine months of resumed imports.
Emirates will add a second daily A350 service between Dubai and Colombo from 8 August, doubling A350/Premium Economy capacity on flight EK648/649 and replacing the Boeing 777. The increased frequency and capacity boost connectivity and seat availability, supporting tourism and trade to Sri Lanka.
John Keells CG Auto hosted BYD Vice President Liu Xueliang as BYD captured about 37% of new vehicle registrations and over 70% of electric-vehicle registrations in Sri Lanka within nine months of import resumption. The visit focused on strengthening sales, after-sales, charging infrastructure and the local NEV ecosystem.
Shea Wickramasingha was appointed Chairperson of CBL Group effective 6 July 2026 and will continue to serve as Group Managing Director. She succeeds the late Ramya Sanath Amaraweera Wickramasingha, maintaining the founding family's leadership of the food-manufacturing group.
A Chinese court sentenced former Nanjing official Yang Youlin to death for accepting more than 2.2 billion yuan ($324m) in bribes. The court also convicted him of embezzlement, money laundering and other charges and ordered seizure of his personal property to recover the funds.
Daily FT·Jul 8, 2026·Award or certification·COMBPositive
Commercial Bank of Ceylon was named Best Bank in Sri Lanka for the 15th consecutive year at the FinanceAsia Awards 2026 and won six additional awards including Best Bank for SMEs, Use of Technology, Islamic Finance, Sustainable Bank, Private Bank and Retail Bank.
Sampath Bank (SAMP.N0000) has launched Google Pay for its Mastercard and Visa credit and debit cardholders, enabling secure tokenised tap-to-pay on Android for in-store, in-app and online transactions.
Exhibitor registration for Sri Lanka Expo 2027 is open until 31 July 2026. The expo runs 14–17 Jan 2027 at BMICH with 650 booths across 25 sectors and offers opportunities to meet over 1,500 global buyers.
ExportersTourismTea & Plantation CropsIT & Digital
LCB Finance reported a 55% rise in PBT to Rs. 439 million for the year ended 31 March 2026, with total assets at Rs. 12.87 billion. Operating income rose 36.9% to Rs. 1.34 billion, lending grew 32% to Rs. 10.30 billion, gold loans surged 136% and deposits rose 35% to Rs. 6.29 billion.
Helabhoomi Products' Business Manager Saliya Kulasekara met Industry and Entrepreneurship Development Deputy Minister Chathuranga Abeysinghe at a business forum in Port City Colombo; Helabhoomi exports 100% organic Sri Lankan products to Western Europe.
Amana Bank Plc launched 'Amana Bank Teen Savings', a new account for 13–17 year-olds offering a personalised Visa debit card, parental preset transaction limits, online banking access, instant alerts and rewards for top exam results. Parents can open accounts via the app e-mail feature or at branches and transfer profits from existing Amana Kids or Flexi Term accounts.
Lassana Agri Innovations signed an exclusive partnership with India's Rise N Shine Biotech to be the exclusive sales, marketing and distribution partner for selected floriculture and ornamental varieties in Sri Lanka, effective 1 July 2026. The deal provides access to international planting material, cultivation technology, training and potential buy-back arrangements to support growers and develop the domestic floriculture supply chain.
A Ministerial Consultative Committee chaired by Minister Vijitha Herath reviewed progress of national tourism promotion projects and examined proposed 2027 budget allocations to develop the sector. A special committee was appointed to review foreign trade agreements and MPs proposed new tourism initiatives.
Ceylinco Life has commenced construction of its 36th company-owned branch in Kirindiwela, a 3,440 sq ft eco-friendly building planned to operate on a 100% self-sufficient solar system. The branch will use local prefabricated technology and include rainwater harvesting, an STP and energy-efficient systems.
The Insurance Regulatory Commission of Sri Lanka lifted the suspension on Sanasa Life Insurance Company PLC's registration effective 6 July after the insurer completed a Rs.500 million Tier II subordinated debenture issue to restore capital; the removal is conditional on the company meeting additional regulatory requirements.
The IMF held talks with the Revenue Administration Reform and Modernisation Bureau (RARMB) and agreed to continue providing technical assistance for reforms to customs, the Inland Revenue Department and excise. RARMB restructuring and measures have lifted tax compliance from about 40–45% to 70–75% and include digital transformation, data integration and a drafted Customs amendment bill.
ASPI fell 118.35 points to 21,962.30, slipping below 22,000, while the S&P SL20 dropped 31.55 points to 6,135.50, led by declines in heavyweights such as Dialog Axiata and Melstacorp; banking stocks (NDB, HNB, Sampath) also recorded losses. Market turnover was LKR 1.53 billion, with JKH crossings contributing LKR 264 million.
Foreign investors bought a net US$3.0mn of Sri Lanka government securities in the week ended July 2 as the rupee recovered to about 330 per USD; YTD net outflows remain around US$13.7mn amid recent currency volatility and rising inflation following fuel price moves and a May rate hike.
Sri Lanka's rupee closed at 334.75/85 to the US dollar, slightly firmer than the previous day, while government bond yields were broadly steady; Rs 100,000 million of Treasury bills are to be auctioned on 8 July.
Colombo Stock Exchange fell, with the ASPI down 0.39% to 21,995.04 and the S&P SL20 down 0.27% to 6,150.33. Top negatives included Melstacorp, John Keells and Carson Cumberbatch while Digital Mobility Solutions, Royal Ceramics and Haycarb were positive; turnover was LKR 1.13 billion.