| Number: | 18 |
| Award: | Sarasaviya Awards |
| Date: | August 25, 1989 |
| Site: | Bandaranaike Memorial International Conference Hall, Colombo 07, Sri Lanka |
| Director: | A. D. Ranjith Kumara |
| Best Picture: | Siri Medura |
| Most Wins: | Siri Medura (8) |
| Network: | Associated Newspapers of Ceylon Limited |
| Most Nominations: | Siri Medura |
| Last: | 17th |
| Next: | 19th |
The 18th Sarasaviya Awards festival (Sinhala: 18වැනි සරසවිය සම්මාන උලෙළ), presented by the Associated Newspapers of Ceylon Limited, was held to honor the best films of 1988 Sinhala cinema on August 25, 1989, at the Bandaranaike Memorial International Conference Hall, Colombo 07, Sri Lanka. President Ranasinghe Premadasa was the chief guest at the awards night.[1]
The film Siri Medura won the most awards with eight including Best Film.
| Category | Film | Recipient |
|---|---|---|
| Best Film | Siri Medura | Bandula Gunawardena |
| Best Director | Siri Medura | Parakrama Niriella |
| Best Actor | Siri Medura | Ravindra Randeniya |
| Best Actress | Siri Medura | Anoja Weerasinghe |
| Best Supporting Actor | Kedapathaka Chaya | Sanath Gunathilake |
| Best Supporting Actress | Kedapathaka Chaya | Sunethra Sarathchandra |
| Best Emerging Actor | People's vote | Lucky Dias |
| Best Emerging Actress | People's vote | Sanoja Bibile |
| Best Script Writer | Kedapathaka Chaya | Wasantha Obesekere |
| Best Cinematographer (color film) | Siri Medura | Andrew Jayamanne |
| Best Editor | Kedapathaka Chaya | Stanley de Alwis |
| Best Art Direction | Randenigala Sinhaya | Lionel Silva |
| Best Makeup Artist | Kedapathaka Chaya | Ranjith Manthagaweera |
| Best Sound Effects | Kedapathaka Chaya | George Manatunga |
| Best Music Direction | Siri Medura | Premasiri Khemadasa |
| Best Lyricist | Siri Medura | Lucien Bulathsinhala |
| Best Male Playback Singer | Siri Medura | Amarasiri Peiris |
| Best Female Playback Singer | Sinasenna Raththaran | Chandrika Siriwardena |
| Most Popular Film | Nommara 17 | Preethiraj Weeraratne |
| Most Popular Actor | People's vote | Jeevan Kumaratunga |
| Most Popular Actress | People's vote | Sabeetha Perera |
| Rana Thisara Award | contribution to Sinhala cinema | D. B. Nihalsinghe |
| Swarna Mallawarachchi | ||
| Merit Awards | Sinasenna Raththaran | Aruna Shanthi |
| Randenigala Sinhaya | Lionel Deraniyagala | |
| Film song recording | Mervyn Bens |
| Category | Film |
|---|---|
| Popular films included in the festival | |
| Nommara 17 | |
| Mamai Raja | |
| Kedapathaka Chaya | |
| Sinasenna Raththaran | |
| Siri Medura | |
| Okkoma Rajawaru | |
| Randenigala Sinhaya | |