EDB and NMRA met with pharmaceutical manufacturers in Colombo to address export barriers, citing delays in product registration and regulatory approvals as key constraints to boosting exports. They committed to aligning processes with international benchmarks to support Sri Lanka's $36bn export target by 2030.
KPMG in Sri Lanka appointed Sachiru Dayananda as Partner effective 1 June 2026. He has 14 years of experience at KPMG, wide industry exposure (including financial services, plantations, healthcare and hospitality) and expertise in LKAS/SLFRS and IFRS implementations.
CIC Holdings PLC reported PAT of Rs. 8.25 billion for FY26, up 24.5% YoY, on consolidated revenue of Rs. 91.75 billion (+10.16% YoY) and EPS of Rs. 3.64. Crop Solutions remained the largest revenue contributor (≈40.8%) while Agri Produce was hit by Cyclone Ditwah.
Shashel Lanka Manpower was awarded the 'Platinum Excellence in Ethical Overseas Recruitment & Workforce Solutions' award at the Platinum Excellence Awards 2026 on 5 April 2026, recognising its ethical overseas recruitment and workforce solutions. The Negombo-based agency supplies workers to construction, hospitality and healthcare sectors.
Construction ActivityTourismHealthcare & PharmaExporters
The EDB and NMRA met with Sri Lankan pharmaceutical manufacturers to tackle export barriers, prioritizing delays in product registration and aligning regulatory processes with international benchmarks to boost pharmaceutical exports; EDB noted pharma is key to the USD 36bn export target by 2030.
Healthcare & PharmaExporters
Ada Derana·Jun 1, 2026·Earnings & results·CICPositive
CIC Holdings PLC reported FY26 profit after tax of Rs. 8.25 billion, up 24.50% YoY, on consolidated revenue of Rs. 91.75 billion (10.16% YoY) and EPS of Rs. 3.64. Crop Solutions contributed ~40.8% of revenue while Agri Produce faced weather-related losses from Cyclone Ditwah, with Health & Personal Care and Livestock Solutions showing strong growth.
Sunshine Holdings reported consolidated FY26 revenue of Rs.65.9 billion, up 11.2% YoY. PAT was Rs.5.0 billion (down 2.5% YoY) as NMRA pricing cuts weighed on healthcare margins, and the group acquired a majority stake in Joint Agri Products Ceylon Ltd to bolster exports.
Lanka Hospitals Corporation PLC hosted its “Pulse of Excellence” awards recognising 2025 milestone achievements, launched the LHD Mobile Laboratory Service, and was nominated by WHO as Sri Lanka's first private mentor hospital for Antimicrobial Stewardship.
Healthcare & Pharma
Ada Derana·May 29, 2026·Earnings & results·SUNPositive
Sunshine Holdings (SUN) reported FY26 consolidated revenue of LKR 65.9bn, up 11.2% YoY, while PAT fell 2.5% to LKR 5.0bn and EBIT margins eased amid healthcare pricing pressure. The Group cited NMRA pricing cuts, acquired a majority stake in JAPC, and saw Watawala's palm oil revenue rise 23.6%.
President Anura Kumara Dissanayake declared 15 categories of public services — including electricity, fuel distribution, healthcare, transport, ports/airports, water, telecoms, banking and insurance — as essential under the Essential Public Services Act to ensure uninterrupted services in post-disaster conditions.
Fuel & Energy PricesHealthcare & PharmaIT & DigitalConsumer Staples (FMCG)
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.
Comfort World has repositioned from a traditional bedding manufacturer into a science-led sleep and wellbeing company, expanding into hospitality, healthcare and international markets while launching Sleep Technology and Experience Centres to provide personalized sleep solutions.
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.
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).
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)
Selyn Group marks five years of #BleedGood, reporting diversion of nearly 21,600 kg of menstrual waste, distribution of over 16,000 reusable products and outreach to more than 9,500 women and girls through its FemmeCare ecosystem.
Healthcare & PharmaConsumer Staples (FMCG)
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.
EFL Global appointed Rooso Ramachandran as Global CEO, who spent 24 years building the company’s India business. He will focus on stabilising performance, strengthening execution and positioning the logistics business for sustainable long-term growth.
Hemas Holdings reported a 17.6% rise in profit to Rs 3.03 billion for the March 2026 quarter. Consolidated revenue rose 3.9% to Rs 31.54 billion, with healthcare the largest contributor and a final dividend of Rs 0.75 per share approved.
Hemas Holdings (HHL) reported record earnings: Group earnings of Rs.3.03Bn in Q4 (+17.6% YoY) and Rs.8.92Bn for FY26 (+10.7% YoY) on FY26 revenue of Rs.127.4Bn (+8.0%). The group is reinvesting into digital, manpower and healthcare expansion, compressing EBITDA/EBIT margins but delivering higher net profit margin and EPS.
Consumer Staples (FMCG)Healthcare & PharmaIT & Digital
Hemas Holdings (HHL) reported record FY2025/26 results with group earnings of Rs.8.92 bn (up 10.7% YoY) and revenue of Rs.127.4 bn (up 8%). The group has earmarked over $100m for investments over the next four years and expects an FY27 acquisition to raise international revenue to 10% from 3%.
BOI Acting Chairman Dr. Sulakshana Jayawardena unveiled a pipeline of 30 structured investment projects across manufacturing, logistics, tourism and infrastructure aimed at Vietnamese investors. He said Sri Lanka has regained macro stability with GDP growth of 5% in 2024–25 and FDI rising to $1.063bn in 2025 (target $1.5bn in 2026).
Pelwatte Dairy Industries’ subsidiary Pelwatte Foods will invest approximately Rs.1.86 billion to build a Greenfield liquid milk manufacturing facility at Kurunegala, with construction starting July 2026 and commercial operations expected by July 2027.
EFL Global has appointed Rooso Ramachandran as its Global CEO as part of an organizational realignment to strengthen global integration and execution. Rooso, who led EFL's India business for 24 years, will focus on stabilizing performance and operational excellence.
The Ceylon Chamber of Commerce delegation led by Chairman Krishan Balendra held high-level economic engagements in Mumbai on 13–14 May, culminating in the renewal of an MoU with the Indian Merchants' Chamber. Discussions targeted technology, manufacturing, healthcare, renewable energy and digital transformation to boost bilateral trade and investment.
IT & DigitalRenewable EnergyHealthcare & PharmaExporters
Sri Lanka's Board of Investment pitched a pipeline of 30 project-ready opportunities to Vietnamese investors as the economy rebounds — GDP grew 5.0% in 2024 and 2025 and FDI rose to US$1.063bn in 2025. Projects span manufacturing, logistics and port services, tourism, pharma, and mixed infrastructure developments.
Colombo Stock Exchange closed up with the ASPI rising 0.44% to 21,929.64 on turnover of Rs.2.17 billion, led by capital goods turnover of Rs.545.5 million. Lanka Hospitals announced a tax-free final dividend of Rs.1.00 per share (total Rs.223.73 million) payable without shareholder approval.