The Island (Sri Lanka)

1 week ago | island.lk | Sahan Weerasooriya |Hiran H.Senewiratne

The year under review has been a pivotal one for the Group, marked by bold investments coming to fruition with the successful launch of two of the Group’s most ambitious and largest investments to date – City of Dreams Sri Lanka and the West Container Terminal (WCT-1) at the Port of Colombo. These landmark developments represent transformative opportunities, poised to serve as catalysts for economic growth, reinforcing Sri Lanka’s position as a logistics and leisure hub in the region.

1 week ago | island.lk | Sahan Weerasooriya |Lynn Ockersz

When Bread and work were hard to get, In those early days of the seventies decade, Angry young men rose in violent revolt, Seeking better times at gun point, Marking the restless Isle’s modern entry, To decades-long barbaric bloodshed, But the Old Left at the helm, to be fair, Was not helpless and bereft of thought, For it came out with a Five Year Plan, That spelled out steps to economic revival, And though the Plan proved a damp squib, It was evidence that National Planning was alive, And...

1 week ago | island.lk | Sahan Weerasooriya |Hiran H.Senewiratne

One of Sri Lanka’s fastest growing finance companies, Mahindra Ideal Finance Limited (MIFL), posted robust top and bottom-line performance for the financial year ended 31 March 2025. Backed by strong demand across its lending segments and disciplined cost management initiatives, the Company posted a Profit after tax (PAT) of Rs. 146 million in FY25, an increase of 41% over FY24.

1 week ago | island.lk | Sahan Weerasooriya |Hiran H.Senewiratne

CSE activities were marginally up yesterday but were nowhere near bullish because local and foreign investors are continuing to be concerned about the possible fallout from the IMF recommendation on hiking electricity tariffs. Besides there are no positive macroeconomic trends that would enable the stock market to move forward, market analysts said. Amid those developments both indices moved upwards marginally with a satisfactory turnover level.

2 weeks ago | island.lk | Thilina Walpola |Hiran H.Senewiratne

The CSE was bullish and reflected an upward trend despite some mild volatility yesterday. The low interest regime and satisfactory quarterly results moved the market to green territory, market analysts said. Amid those developments both indices moved upwards. The All Share Price Index up by 31.49 points while S and P SL20 rose by 0.44 points. Turnover stood at Rs 3.7 billion with eleven crossings.