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# THE ECONOMIC TIMES LK

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## Posts

- [Colombo Stock Market records massive Rs. 12 bn turnover driven by a major share deal](https://economictimes.lk/index.php/2026/08/07/colombo-stock-market-records-massive-rs-12-bn-turnover-driven-by-a-major-share-deal/) - The Colombo Stock Exchange (CSE) recorded a landmark trading session yesterday (06), with the daily turnover record surging past the Rs. 12 billion mark. By the close of trading, the market saw a total turnover of Rs. 12.23 billion. This represents the highest daily turnover recorded since January 8, 2026, when the market reached a
- [Sri Lanka strengthens business confidence with commercial mediation framework](https://economictimes.lk/index.php/2026/08/07/sri-lanka-strengthens-business-confidence-with-commercial-mediation-framework/) - Sri Lanka has taken a major step towards strengthening business confidence with the introduction of a modern commercial mediation framework aimed at providing businesses with a faster, confidential and internationally aligned mechanism to resolve disputes while preserving valuable commercial relationships. The milestone was marked by the inaugural Corporate Mediation Pledge Ceremony organised by the International
- [Internal audit awareness drive launched to strengthen public financial management](https://economictimes.lk/index.php/2026/08/07/internal-audit-awareness-drive-launched-to-strengthen-public-financial-management/) - The Department of Management Audit has launched a series of awareness programmes aimed at strengthening the role of internal audit in enhancing public financial management and improving transparency, accountability and efficiency across the public sector. The first phase of the programme was held on Wednesday (5) at the new auditorium of the Ministry of Finance,
- [Vehicle imports generate massive Rs. 896.4 Bn in customs taxes](https://economictimes.lk/index.php/2026/08/07/vehicle-imports-generate-massive-rs-896-4-bn-in-customs-taxes/) - The Motor vehicle imports generated a massive Rs. 896.4 billion in customs taxes, highlighting the sector’s importance to government finances, the Ceylon Chamber of Commerce Motor Vehicle Industry Report 2025/26 said. The report further states with over 15 local vehicle assembly plants and policies mandating at least 20% domestic content, the industry is steadily shifting
- [ComBank continues support for young talent with ‘Arunalu Siththam 2026’](https://economictimes.lk/index.php/2026/08/07/combank-continues-support-for-young-talent-with-arunalu-siththam-2026/) - The Commercial Bank of Ceylon has opened a new season of creativity with the launch of ‘Arunalu Siththam 2026,’ inviting children to translate imagination into art in one of Sri Lanka’s most inclusive and far-reaching competitions for young talent. With entries closing September 15 2026, this much-loved island-wide and international competition calls on children aged
- [BOI Calls for Daily Commitment to Environmental Protection and Sustainable Production](https://economictimes.lk/index.php/2026/08/06/boi-calls-for-daily-commitment-to-environmental-protection-and-sustainable-production/) - Director General Dr. Sulakshana Jayawardena emphasizes anchoring sustainability in verifiable practice, not observance alone The Board of Investment of Sri Lanka (BOI) marked Environment Day with an awareness and action programme held at the BOI auditorium, where Director General Dr. Sulakshana Jayawardena called on BOI staff to treat environmental protection as a daily discipline rather
- [Govt. unveils plan to transform Delft into Sri Lanka’s first zero-emission eco-tourism destination](https://economictimes.lk/index.php/2026/08/06/govt-unveils-plan-to-transform-delft-into-sri-lankas-first-zero-emission-eco-tourism-destination/) - The Government has launched an ambitious initiative to develop Delft Island into Sri Lanka’s first Zero-Emission Eco-Tourism Destination, marking a significant step towards promoting sustainable tourism while preserving one of the country’s most unique natural and cultural landscapes. The proposal was discussed during a special site inspection and stakeholder consultation led by Deputy Minister of Tourism Prof. Ruwan Ranasinghe,
- [EDB intensifies drive to boost graphite exports through value addition](https://economictimes.lk/index.php/2026/08/06/edb-intensifies-drive-to-boost-graphite-exports-through-value-addition/) - The Sri Lanka Export Development Board (EDB) is stepping up efforts to expand the country’s graphite industry by promoting value addition, strengthening industry partnerships and increasing access to international markets, as part of a broader strategy to boost mineral export earnings. As part of this initiative, a team of EDB officials recently visited Bogala Graphite
- [Pan Asia Bank appoints new Chairman and Deputy Chairperson](https://economictimes.lk/index.php/2026/08/06/pan-asia-bank-appoints-new-chairman-and-deputy-chairperson/) - Pan Asia Bank has announced the appointment of B D A Perera as Chairman of the Bankand Ayodhya Iddawela Perera as Deputy Chairperson with effect from 3 rd August 2026, further strengthening the Bank’s leadership as it continues to advance its strategic priorities and long-term growth agenda. Perera succeeds to the role after serving on
- [India Foreign Secretary calls on Sri Lanka President, review key bilateral projects](https://economictimes.lk/index.php/2026/08/05/india-foreign-secretary-calls-on-sri-lanka-president-review-key-bilateral-projects/) - Indian Foreign Secretary Vikram Misri has called on President Anura Kumara Dissanayake in Colombo today (05). The discussions focused on issues of mutual interest and review of key bilateral projects, including India-assisted development projects in Sri Lanka, the Indian High Commission in Colombo said in a post on ‘X’. Following the meeting, both sides exchanged
- [Expolanka Leisure Cluster Celebrates Multi-Brand Success at National Business Excellence Awards 2026](https://economictimes.lk/index.php/2026/08/05/expolanka-leisure-cluster-celebrates-multi-brand-success-at-national-business-excellence-awards-2026/) - The Expolanka Leisure Cluster recorded an outstanding performance at the National Business Excellence Awards (NBEA) 2026, with three of its brands being recognised across multiple categories, reaffirming the group's commitment to excellence, innovation, and customer-centric service delivery across Sri Lanka's travel and tourism industry. Among the night's top honours, Classic Travel was named Winner in the Travel, Visa and Immigration
- [The Ceylon Chamber of Commerce hosts business delegation from CCCI India](https://economictimes.lk/index.php/2026/08/05/the-ceylon-chamber-of-commerce-hosts-business-delegation-from-ccci-india/) - The Ceylon Chamber of Commerce hosted a business delegation from the Cochin Chamber of Commerce and Industry (CCCI), India, on August 4, creating direct engagement between Sri Lankan companies and businesses from Kerala to explore new commercial opportunities and strengthen private-sector links. Established in 1857, the Cochin Chamber is one of India’s oldest business chambers,
- [ComBank reaffirms position as Lanka’s No. 1 ranked bank in ‘The Banker’ Top 1000 global listing](https://economictimes.lk/index.php/2026/08/05/combank-reaffirms-position-as-lankas-no-1-ranked-bank-in-the-banker-top-1000-global-listing/) - The Commercial Bank of Ceylon has once again affirmed its standing among the world’s leading financial institutions, emerging as the No 1 ranked Sri Lankan bank in the 2026 edition of the prestigious Top 1000 World Banks ranking published by The Banker magazine, UK. Beaches & Islands The Bank’s No 1 position among local peers
- [Commercial Bank becomes world’s first bank to secure UNFPA CRJB Champion Status](https://economictimes.lk/index.php/2026/08/05/commercial-bank-becomes-worlds-first-bank-to-secure-unfpa-crjb-champion-status/) - Setting a new global example for fostering an inclusive and equitable workplace reflecting its dedicated focus on championing an inclusive and equitable corporate culture, the Commercial Bank of Ceylon has become the first bank in the world to be accorded Champion Status by the United Nations Population Fund’s (UNFPA) Coalition for Reproductive Justice in Business (CRJB). This global recognition marks a
- [Sri Lanka Economic & Investment Summit 2026 to spotlight investment opportunities and economic reform](https://economictimes.lk/index.php/2026/08/05/sri-lanka-economic-investment-summit-2026-to-spotlight-investment-opportunities-and-economic-reform/) - The Sri Lanka Economic & Investment Summit 2026 (SLEIS 2026), organised by The Ceylon Chamber of Commerce, will open with a high-level investment-focused panel discussion, bringing together leaders from the public and private sectors to examine Sri Lanka’s investment landscape and the opportunities emerging as the country advances its economic reform agenda. South Asians & Diaspora The session, which will be
- [CBSL tightens monetary policy in 1H-2026 to safeguard price stability](https://economictimes.lk/index.php/2026/08/05/cbsl-tightens-monetary-policy-in-1h-2026-to-safeguard-price-stability/) - The Central Bank of Sri Lanka (CBSL) has announced that it tightened its monetary policy stance during the first half of 2026 to safeguard price stability while maintaining stability in the external sector amid heightened global uncertainties. The observations were made in the Market Operations Report (MOR) for June 2026, released by the CBSL’s Market Operations Department
- [Rush Metropolis secures BOI approval](https://economictimes.lk/index.php/2026/08/04/rush-metropolis-secures-boi-approval/) - Rush Metropolis in Dehiwala, recently received approval from the Board of Investment (BOI) of Sri Lanka. The official recognition was received at the Board of Investment, with Rush Lanka’s Managing Director Sabeer Iqbal, Director Zaid Ariff, General Manager Irfan Rafeek and Finance Manager Zulfihar Ali representing the company. Comprising 125 contemporary apartments, the project combines
- [Import Section of Ceylon Chamber of Commerce holds 91st AGM](https://economictimes.lk/index.php/2026/08/04/import-section-of-ceylon-chamber-of-commerce-holds-91st-agm/) - The 91st Annual General Meeting (AGM) of the Import Section of The Ceylon Chamber of Commerce was held recently at Shangri-La Colombo, bringing together members of the import and trade community to review the Section’s achievements and outline its priorities for the year ahead. Sri Lanka Ports Authority (SLPA) Chairman Dr. Parakarama Dissanayake attended as
- [COOPFED signs historic MoUs with Lanka Sugar and BCC Lanka](https://economictimes.lk/index.php/2026/08/04/coopfed-signs-historic-mous-with-lanka-sugar-and-bcc-lanka/) - To deliver quality local products through 3,500 cooperative stores The Sri Lanka Consumer Cooperative Societies Federation (COOPFED) has signed two landmark Memoranda of Understanding (MoUs) with Lanka Sugar Company and BCC Lanka Company to strengthen local industries while providing essential consumer goods to the public at affordable prices. This marks a historic milestone in the cooperative
- [Directors must focus on governance, not compliance costs: Minor Group’s Rajakarier](https://economictimes.lk/index.php/2026/08/04/directors-must-focus-on-governance-not-compliance-costs-minor-groups-rajakarier/) - Recalls one Sri Lankan company’s five-minute board meetings Says regulation lends to strong governance that ultimately protects financial performance Questions directors who fail to exercise independent judgement Says companies assess financial risk but often overlook reputational risk Directors should be less concerned about the cost of complying with governance requirements and more focused on ensuring
- [Sri Lanka strengthens global textile presence at Texworld NYC 2026](https://economictimes.lk/index.php/2026/08/04/sri-lanka-strengthens-global-textile-presence-at-texworld-nyc-2026/) - Texworld NYC, Apparel Sourcing NYC, and Home Textiles Sourcing NYC—the East Coast’s premier textile and apparel sourcing events—concluded successfully at the Jacob K. Javits Convention Center in New York City, USA, from 29–31 July 2026. Recognised as the largest textile and apparel sourcing trade show on the East Coast, the exhibitions brought together more than
- [Inflation rises to 7.3% in July as trade deficit widens – CBSL](https://economictimes.lk/index.php/2026/08/03/inflation-rises-to-7-3-in-july-as-trade-deficit-widens-cbsl/) - Sri Lanka’s headline inflation accelerated to 7.3% in July 2026, while the country’s merchandise trade deficit widened sharply during the first half of the year, according to the Central Bank of Sri Lanka’s latest Weekly Economic Highlights. The report said the Colombo Consumer Price Index (CCPI, 2021=100)-based headline inflation increased from 6.8% in June to
- [Sampath Bank Business Circle brings Northern SMEs together to drive next level](https://economictimes.lk/index.php/2026/08/03/sampath-bank-business-circle-brings-northern-smes-together-to-drive-next-level/) - Sampath Bank PLC recently brought together SME entrepreneurs, business leaders, strategic partners and members of its management team at The Thinnai Hotel, Jaffna, for its fifth SME Business Circle in the Northern Region, creating a platform for discussions centred on growth, resilience and long-term business success. The gathering formed part of the Bank’s continued commitment
- [CA Sri Lanka opens TAGS Awards 2026 applications](https://economictimes.lk/index.php/2026/08/03/ca-sri-lanka-opens-tags-awards-2026-applications/) - Building on a 61-year legacy of advancing corporate reporting excellence in Sri Lanka, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) announced the opening of applications for the TAGS Awards 2026, the country’s most prestigious and longest-running benchmark for excellence in corporate reporting. Applications opened on July 31, 2026 and will close
- [SDB bank opens business centre at Union Place to expand banking services](https://economictimes.lk/index.php/2026/08/03/sdb-bank-opens-business-centre-at-union-place-to-expand-banking-services/) - SDB bank has strengthened its business banking footprint with the opening of its new Business Centre at 167, Union Place, Colombo 02, a strategic move aimed at expanding its presence within one of Colombo’s most prominent commercial districts. The relocation reflects the Bank’s continued focus on delivering specialised financial solutions, strengthening relationships with corporate clients,
- [David Pieris Automobiles unveils all-new BAIC X3e](https://economictimes.lk/index.php/2026/08/03/david-pieris-automobiles-unveils-all-new-baic-x3e/) - David Pieris Automobiles (Private) Limited, the four-wheeler sales arm of David Pieris Group of Companies, unveiled the all-new BAIC X3e, a fully electric crossover/SUV, at the Auto Vision Motor Show 2026 held at the BMICH, marking another significant step towards making electric mobility more accessible to Sri Lankan motorists. Developed around the campaign platform "The
- [DIMO Ignites Sri Lanka Tennis with World-Class Floodlighting Project at SLTA](https://economictimes.lk/index.php/2026/07/31/dimo-ignites-sri-lanka-tennis-with-world-class-floodlighting-project-at-slta/) - DIMO has partnered with the Sri Lanka Tennis Association (SLTA) and the Sri Lanka Tennis Premier League (SLTPL) to install an international-standard floodlighting system across four of the country's key hard courts, including the iconic centre court, marking a significant upgrade to Sri Lanka's tennis infrastructure. The new lighting system, designed in accordance with international
- [Hemas Hospitals and Adora Cosmetic Centre Clinch Highest Number of Honours at GlobalHealth Sri Lanka Awards 2026](https://economictimes.lk/index.php/2026/07/31/hemas-hospitals-and-adora-cosmetic-centre-clinch-highest-number-of-honours-at-globalhealth-sri-lanka-awards-2026/) - Hemas Hospitals and its specialist aesthetic arm, Adora Cosmetic Centre, emerged as the biggest winners at the GlobalHealth Sri Lanka Conference and Awards 2026, securing seven prestigious national awards—the highest number of awards won by any hospital group in Sri Lanka at this year’s event, while also making Adora Cosmetic Centre the most awarded cosmetic
- [SL reaffirms commitment to investments in Philippines](https://economictimes.lk/index.php/2026/07/31/sl-reaffirms-commitment-to-investments-in-philippines/) - Sri Lanka has reaffirmed its commitment to protecting and promoting overseas investments, with Foreign Minister Vijitha Herath visiting the country’s first-ever investment projects in the Philippines and encouraging more Sri Lankan businesses to explore opportunities in the Southeast Asian nation. The Minister visited the PHIVIDEC Industrial Estate in Misamis Oriental on July 25 during his
- [Sri Lanka, Maldives bilateral trade reach US$ 137 Mn in 2025](https://economictimes.lk/index.php/2026/07/31/sri-lanka-maldives-bilateral-trade-reach-us-137-mn-in-2025/) - Sri Lankan owned resort investments continue to operate successfully in the aldives. In 2025, bilateral trade reached approximately US$137 million. Sri Lankan exports accounted for around US$130 million and imports from the Maldives totalled approximately US$5.7 million, Masood Imad High Commissioner of the Republic of Maldives to Sri Lanka told the Sri anka–Maldives Business Council
- [Seylan Bank reports PAT of LKR 6.1 Bn during H1 FY26](https://economictimes.lk/index.php/2026/07/31/seylan-bank-reports-pat-of-lkr-6-1-bn-during-h1-fy26/) - * Profit before Income Tax – LKR 9.3 Bn up by 10.10%* Profit after Tax – LKR 6.1 Bn up by 10.78%* Total Assets reach LKR976 Bn The Bank recorded a Profit Before Income Tax (PBT) of LKR 9,298Mn duringH1 2026, compared to LKR8,444 Mn reflecting a year-on-year growth of 10.10%. For the 6months ended
- [People’s Bank wins overall Gold at NBEA 2026](https://economictimes.lk/index.php/2026/07/31/peoples-bank-wins-overall-gold-at-nbea-2026/) - People’s Bank has been honoured with the Overall Gold Award at the prestigious National Business Excellence Awards (NBEA) 2026, presented by the National Chamber of Commerce of Sri Lanka (NCCSL), in recognition of its outstanding performance across all business sectors. The accolade marks one of the highest honours bestowed upon a Sri Lankan organisation for
- [National Integrity Week launched at NAITA Ampara District Office](https://economictimes.lk/index.php/2026/07/31/national-integrity-week-launched-at-naita-ampara-district-office/) - The National Integrity Week programme was inaugurated at the National Apprentice and Industrial Training Authority (NAITA) Ampara District Office in Sainthamaruthu under the theme “A Culture of Integrity – A Clean Sri Lanka.” The inaugural ceremony was held under the patronage of Mohan Abeysundara, Ampara District Manager of NAITA, with H.Abdul Sathar, Chairman of NAITA,
- [Sri Lanka, Maldives urged to unlock untapped trade potential beyond traditional sectors](https://economictimes.lk/index.php/2026/07/30/sri-lanka-maldives-urged-to-unlock-untapped-trade-potential-beyond-traditional-sectors/) - Trade, Commerce, Food Security and Co-operative Development Minister Wasantha Samarasinghe last Tuesday urged Sri Lanka and the Maldives to strengthen their economic partnership by expanding cooperation beyond traditional trade, highlighting significant untapped potential for closer collaboration between the two Indian Ocean neighbours. Addressing the 18th Annual General Meeting of the Sri Lanka–Maldives Business Council in
- [Nutanix to Host Lanka Tech Summit 2026 in Sri Lanka](https://economictimes.lk/index.php/2026/07/30/nutanix-to-host-lanka-tech-summit-2026-in-sri-lanka/) - Nutanix, a global leader in cloud software, hosted its flagship annual Lanka Tech Summit in Sri Lanka, bringing together customers, partners, and technology leaders to showcase the latest developments in enterprise cloud, application modernization, and digital infrastructure while outlining its strategy for the local market in the year ahead. With a strong focus on application
- [SriLankan Airlines expands reach with Maldivian Interline partnership](https://economictimes.lk/index.php/2026/07/30/srilankan-airlines-expands-reach-with-maldivian-interline-partnership/) - SriLankan Airlines has strengthened its regional connectivity through a new interline agreement with Island Aviation Services, operating as Maldivian (Q2). This agreement enables SriLankan Airlines passengers to seamlessly access 17 popular domestic destinations across the Maldives. The arrangement is designed to enhance travel convenience by allowing passengers to book journeys involving both carriers under a
- [Finance Ministry expands Digital Transformation with online document and hall management systems](https://economictimes.lk/index.php/2026/07/30/finance-ministry-expands-digital-transformation-with-online-document-and-hall-management-systems/) - The Ministry of Finance, Planning and Economic Development has introduced two new digital initiatives aimed at improving efficiency, transparency and productivity within the public service as part of the Government’s ongoing digital transformation agenda. An awareness programme on a new online document management system was held on 28 July at the Ministry’s Auditorium to familiarize
- [SL Consulate General in Nicosia marks 1st Anniversary with Community Outreach Programme](https://economictimes.lk/index.php/2026/07/30/sl-consulate-general-in-nicosia-marks-1st-anniversary-with-community-outreach-programme/) - The Consulate General of Sri Lanka in Nicosia organised a Community Outreach programme for the Sri Lankan migrant community on Sunday (26), marking the first anniversary of the Mission’s establishment and providing an opportunity to raise awareness among the community on a range of Consular, Employment, and Welfare-related matters. The Consulate General was established in
- [Outgoing Chinese Ambassador Qi Zhenhong meets Opposition Leader Sajith Premadasa](https://economictimes.lk/index.php/2026/07/28/outgoing-chinese-ambassador-qi-zhenhong-meets-opposition-leader-sajith-premadasa/) - The outgoing Ambassador of China to Sri Lanka, Qi Zhenhong, met with Opposition Leader Sajith Premadasa on Monday (27) at the Opposition Leader’s Office in Colombo. The meeting was described as cordial, with Premadasa expressing gratitude to Ambassador Qi for his contributions during his tenure in strengthening diplomatic ties between Sri Lanka and China. Both
- [Tea Villages project to strengthen tourism, boost tea export earnings](https://economictimes.lk/index.php/2026/07/28/tea-villages-project-to-strengthen-tourism-boost-tea-export-earnings/) - The Government’s proposed 500 Tea Villages project will play a key role in strengthening Sri Lanka’s tourism industry while increasing tea export earnings, Deputy Minister of Tourism Prof. Ruwan Ranasinghe said at the inauguration of Hotel Show Colombo 2026 at the BMICH. Addressing the opening ceremony of the country’s premier hospitality exhibition yesterday, Prof. Ranasinghe
- [National Business Excellence Awards 2026 Today](https://economictimes.lk/index.php/2026/07/28/national-business-excellence-awards-2026-today/) - The National Chamber of Commerce of Sri Lanka (NCCSL) will host the National Business Excellence Awards (NBEA) 2026 today (28) at the Shangri-La Colombo, commencing at 5 p.m. Celebrating its 21st consecutive year, the NBEA recognises and rewards outstanding business achievements. Over the years, the awards have honored companies that demonstrate excellence in business and
- [SLAMERP welcomes US tariff decision, says rubber exports gain competitive edge](https://economictimes.lk/index.php/2026/07/28/slamerp-welcomes-us-tariff-decision-says-rubber-exports-gain-competitive-edge/) - The Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) has welcomed the decision by the Office of the United States Trade Representative (USTR) to subject Sri Lanka to a 10% tariff under the recently concluded Section 301 investigations, describing it as a major boost for the country’s rubber products export sector. SLAMERP
- [Sampath Bank enhances care at Lady Ridgeway Hospital with essential hospital upgrades](https://economictimes.lk/index.php/2026/07/28/sampath-bank-enhances-care-at-lady-ridgeway-hospital-with-essential-hospital-upgrades/) - Recognising the importance of maintaining quality healthcare facilities for children, the Sampath Bank Employees’ Union, together with the Bank’s Sustainability Unit, marked the Union’s 35th anniversary by supporting a series of essential upgrades at the Lady Ridgeway Hospital for Children, Colombo. As Sri Lanka’s national referral centre and largest free paediatric hospital, Lady Ridgeway Hospital
- [CSE Clear completes first year, clears Rs. 1.19 trillion in market transactions](https://economictimes.lk/index.php/2026/07/28/cse-clear-completes-first-year-clears-rs-1-19-trillion-in-market-transactions/) - CSE Clear (Private) Limited, Sri Lanka’s first Central Counterparty (CCP), yesterday marked its first anniversary, completing a landmark year in strengthening the country’s capital market infrastructure through enhanced clearing, settlement efficiency and risk management. A wholly owned subsidiary of the Colombo Stock Exchange (CSE), CSE Clear was established to mitigate counterparty risk by acting as
- [Hayleys Alumex deploys AI and IoT-enabled innovations to strengthen Sri Lanka’s manufacturing competitiveness](https://economictimes.lk/index.php/2026/07/28/hayleys-alumex-deploys-ai-and-iot-enabled-innovations-to-strengthen-sri-lankas-manufacturing-competitiveness/) - AI and IoT-enabled innovations enhance Sri Lanka’s export capability, operational efficiency and sustainable aluminium production As global markets raise their expectations for manufacturing quality, traceability and operational efficiency, Alumex PLC, Sri Lanka’s leading aluminium manufacturer and a member of the Hayleys Group, has deployed four key AI and IoT-enabled digital innovations that directly strengthen its
- [Russia’s NOSTROY explores Sri Lanka ventures](https://economictimes.lk/index.php/2026/07/27/russias-nostroy-explores-sri-lanka-ventures/) - A high-level business team from the National Association of Builders (NOSTROY) of the Russian Federation has visited Sri Lanka to explore opportunities for investment and collaboration in infrastructure and urban development projects. The team, led by Vice President Anton Moroz, comprised twenty-four senior representatives and technical experts from leading Russian construction companies, the Ministry of
- [Tourist arrivals in July top 138,000](https://economictimes.lk/index.php/2026/07/27/tourist-arrivals-in-july-top-138000/) - A total of 138,730 tourists have arrived in the country thus far in the month of July, data from the Sri Lanka Tourism Development Authority (SLTDA) shows. According to data released by the SLTDA, a total of 31,734 tourists have arrived from India which accounts to 23.0%. Furthermore, 14,949 persons from the United Kingdom, 8,484
- [HNB collaborates with Abans Auto to enhance leasing for Hyundai vehicles](https://economictimes.lk/index.php/2026/07/27/hnb-collaborates-with-abans-auto-to-enhance-leasing-for-hyundai-vehicles/) - HNB PLC, one of Sri Lanka’s leading private sector bank has announced a strategic partnership with Abans Auto Pvt Ltd on June 1. The collaboration is designed to strengthen access to Hyundai vehicles across the island through an enhanced and customer centric leasing proposition. This partnership is positioned to support individuals and businesses in accessing
- [HNB Priority Circle presenting partner of premier padel event](https://economictimes.lk/index.php/2026/07/27/hnb-priority-circle-presenting-partner-of-premier-padel-event/) - HNB PLC, Sri Lanka’s leading private sector bank, has come on board as Presenting Partner of SLAM25 and the Grand SLAM25 Championship Finale through HNB Priority Circle, its private banking proposition. The partnership supports Padel Chief, a digital platform for competitive premium racket sports that organizes this tournament and builds toward the Finale on 12
- [DIMO Mega Fiesta Kurunegala Brings Together Over 400 Tata Commercial Vehicles](https://economictimes.lk/index.php/2026/07/27/dimo-mega-fiesta-kurunegala-brings-together-over-400-tata-commercial-vehicles/) - DIMO Mega Fiesta Kurunegala 2026, a large-scale regional customer engagement programme, was successfully completed recently at the DIMO Kurunegala branch premises. Designed to support the long-term performance of commercial vehicles, the five-day initiative brought together over 400 Tata Commercial Vehicle owners and operators from Kurunegala and surrounding regions. Kurunegala, one of Sri Lanka's key commercial
- [Colombo Stock Exchange, SEC and CA Sri Lanka conduct issuer forums in Moneragala-Batticaloa for SMEs](https://economictimes.lk/index.php/2026/07/27/colombo-stock-exchange-sec-and-ca-sri-lanka-conduct-issuer-forums-in-moneragala-batticaloa-for-smes/) - The Colombo Stock Exchange (CSE), together with the Securities and Exchange Commission of Sri Lanka (SEC) and the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), concluded a series of issuer forums in Moneragala and Batticaloa recently, as part of an ongoing island-wide initiative to foster awareness of capital market opportunities in alternate
- [Sri Lankan exports to US face 10% tariff from today](https://economictimes.lk/index.php/2026/07/24/sri-lankan-exports-to-us-face-10-tariff-from-today/) - Sri Lanka is among 60 trading partners facing a new round of U.S. import tariffs, with a 10% levy on Sri Lankan goods entering the United States set to take effect today. The tariffs, ranging from 10% to 12.5%, are being imposed by U.S. President Donald Trump’s administration as part of measures targeting what it
- [Islandwide raids have caught dozens of private healthcare providers storing and using expired medicines and chemicals.](https://economictimes.lk/index.php/2026/07/24/islandwide-raids-have-caught-dozens-of-private-healthcare-providers-storing-and-using-expired-medicines-and-chemicals/) - Legal action by Sri Lanka's Consumer Affairs Authority (CAA) has resulted in courts penalizing 23 private hospitals and medical laboratories a total of Rs. 5,798,000 in fines across 23 cases filed so far. The investigations targeted private hospitals, laboratories, and pharmacies, uncovering several serious irregularities that could pose risks to public health. Inspectors detected the
- [Cumulative export earnings record strong growth in 1H-2026](https://economictimes.lk/index.php/2026/07/24/cumulative-export-earnings-record-strong-growth-in-1h-2026/) - Cumulative export earnings from several key sectors recorded strong growth during the first half of 2026, with coconut-based products, rubber-based products, processed food & beverages, electrical & electronic components, and seafood recording year-on-year increases of 14.59%, 5.24%, 24.45%, 123.48%, and 17.61%, respectively, compared to the corresponding period in 2025. The broad-based growth across these sectors
- [‘Sri Lanka must focus on value addition, premium branding, innovation and product diversification’](https://economictimes.lk/index.php/2026/07/24/sri-lanka-must-focus-on-value-addition-premium-branding-innovation-and-product-diversification/) - Sri Lanka must increasingly focus on value addition, premium branding, innovation, and product diversification to maximise the value of every kilogram of tea produced and strengthening branded Ceylon Tea would generate higher export earnings, improve the livelihoods of producers and smallholders, and further enhance Sri Lanka’s reputation as the global benchmark for premium-quality tea, Colombo
- [HNB partners Lanka Commercial Trading to offer leasing solutions](https://economictimes.lk/index.php/2026/07/24/hnb-partners-lanka-commercial-trading-to-offer-leasing-solutions/) - HNB PLC has partnered with Lanka Commercial Trading (Pvt) Ltd to offer exclusive leasing solutions for Yanmar and Solis tractors and Samurai Naca harvesters. The partnership, brings together one of Sri Lanka’s leading private sector banks and a trusted supplier of world renowned agricultural machinery to provide farmers with greater access to advanced equipment, attractive
- [ComBank dominates as Lanka’s most awarded bank at 2026 ABF Awards](https://economictimes.lk/index.php/2026/07/24/combank-dominates-as-lankas-most-awarded-bank-at-2026-abf-awards/) - The Commercial Bank of Ceylon has once again underscored its standing as one of Sri Lanka’s most formidable financial institutions, winning six awards – the highest number won by a Sri Lankan bank at the 2026 Asian Banking & Finance (ABF) Awards in Singapore – across three key segments. Presented at the Marina Bay Sands
- [People’s Bank relocates Vaharai Service Centre](https://economictimes.lk/index.php/2026/07/24/peoples-bank-relocates-vaharai-service-centre/) - People’s Bank relocated its Vaharai Service Centre, further strengthening its commitment to providing convenient, accessible, and modern banking services to the people of Vaharai. The newly relocated Service Centre, operating under the People’s Bank Valaichenai Branch, offers improved facilities together with a wide range of banking services, including digital banking solutions, Business Loans, SME Loans
- [Tourism Malaysia Chennai showcases Wonders of Malaysia in Colombo](https://economictimes.lk/index.php/2026/07/23/tourism-malaysia-chennai-showcases-wonders-of-malaysia-in-colombo/) - Tourism Malaysia Chennai (South India and Sri Lanka), in partnership with the High Commission of Malaysia in Colombo, organised the ‘Wonders of Malaysia Showcase 2026’, at Hotel Kingsbury, Colombo. The event, held in conjunction with Visit Malaysia 2026 (VMY2026), brought together more than 60 leading travel agents, airline representatives and media partners from Sri Lanka
- [CSE launches ‘A Share for Everyone, A Unit for Everyone’ Investor Forums in Monaragala and Batticaloa](https://economictimes.lk/index.php/2026/07/23/cse-launches-a-share-for-everyone-a-unit-for-everyone-investor-forums-in-monaragala-and-batticaloa/) - The Colombo Stock Exchange (CSE), together with the Securities and Exchange Commission of Sri Lanka (SEC) has launched ‘A Share for Everyone, A Unit for Everyone’ (Samata Kotasak, Samata Ekakayak) initiative at investor forums in Monaragala and Batticaloa last week as part of an ongoing island-wide initiative to broaden investor participation. The forums attracted over
- [Sri Lanka’s exports top US$ 9 bn in 1H-2026](https://economictimes.lk/index.php/2026/07/23/sri-lankas-exports-top-us-9-bn-in-1h-2026/) - by strong growth in both merchandise and services exports, according to the latest figures released by the Export Development Board (EDB). Combined merchandise and services exports reached an estimated US$ 9.01 billion during January-June 2026, recording an 8% year-on-year increase compared with the corresponding period last year. Merchandise exports grew by 8.95% to US$ 7.07
- [NDB posts a PAT of LKR 3.0 billion in Q2-2026 driven by core banking operations](https://economictimes.lk/index.php/2026/07/23/ndb-posts-a-pat-of-lkr-3-0-billion-in-q2-2026-driven-by-core-banking-operations/) - National Development Bank PLC (NDB/ the Bank) announced its financial results for the six-months ended June 30, 2026 (1H 2026/ period under review), as released to the Colombo Stock Exchange on July 22, 2026. Despite the challenges arising from the fraud uncovered in April 2026, the Bank delivered healthy results, driven by strong core banking
- [Hayleys Agriculture Opens Sri Lanka’s First Frozen Concentrated Coconut Water Manufacturing Facility](https://economictimes.lk/index.php/2026/07/22/hayleys-agriculture-opens-sri-lankas-first-frozen-concentrated-coconut-water-manufacturing-facility/) - Hayleys Agriculture Holdings Limited marks another milestone with the opening of Hayleys Nature Nest (Pvt) Ltd Sri Lanka’s first of its kind Frozen Concentrated Coconut Water Manufacturing Facility. This state-of-the-art facility represents another significant step in our journey to create greater value from Sri Lanka's rich agricultural resources. By transforming locally sourced coconut water into
- [BIMSTEC must build seamless regional tourism network – Deputy Minister](https://economictimes.lk/index.php/2026/07/22/bimstec-must-build-seamless-regional-tourism-network-deputy-minister/) - Deputy Minister of Tourism Prof. Ruwan Ranasinghe yesterday (21) called on BIMSTEC member states to strengthen regional tourism cooperation through improved connectivity, integrated tourism products and sustainable development, saying no country could fully realise its tourism potential in isolation. Delivering the keynote address at the opening of the 4th Meeting of the BIMSTEC Network of
- [Amãna Bank Q3 PAT soars by 98%, 9 Month PBT reaches LKR 2.7 Bn](https://economictimes.lk/index.php/2026/07/22/amana-bank-q3-pat-soars-by-98-9-month-pbt-reaches-lkr-2-7-bn/) - Amãna Bank continued its strong profitability momentum by nearly doubling its profits in Q3 to reach a YTD PBT of LKR 2.7 billion (39% YoY) and PAT of LKR 1.6 billion (44% YoY), setting a new record by achieving the Bank’s 2024 full-year PBT in 9 months. During Q3,PBTsoaredby 91% YoY to LKR 1.2 billion
- [Seylan Bank opens 293rd Pahasara Library at Ranpokunugama Maha Vidyalaya](https://economictimes.lk/index.php/2026/07/22/seylan-bank-opens-293rd-pahasara-library-at-ranpokunugama-maha-vidyalaya/) - Reaffirming its commitment to empowering future generations through education, Seylan Bank recently opened its 293rd Pahasara Library at Ranpokunugama Maha Vidyalaya, Ranpokunugama, marking another significant milestone in the Bank’s journey towards establishing 300 Pahasara Libraries across Sri Lanka. The library was opened in the presence of Ajith Wijesundara Deputy Zonal Director Western Province; Chamila Withana Area Manager West Region
- [People’s Bank conducts annual Dansel for Kataragama Pada Yatra devotees](https://economictimes.lk/index.php/2026/07/22/peoples-bank-conducts-annual-dansel-for-kataragama-pada-yatra-devotees/) - The People’s Bank Okanda Dansel Committee – Ampara conducted its 25th Annual Dansel Programme on July 17, at the entrance to Kumana National Park in support of devotees undertaking the sacred Kataragama Pada Yatra. The programme was graced by the participation of Prof. Narada Fernando, Chairman of People’s Bank. Among those in attendance were K.M.P.P. Kulathunga (Regional Manager
- [Digital security sticker system ups Excise Department revenue by 32.2%](https://economictimes.lk/index.php/2026/07/22/digital-security-sticker-system-ups-excise-department-revenue-by-32-2/) - The Sri Lanka Excise Department has recorded a significant 32.2% increase in revenue within just nine months following the implementation of a new digital security sticker system for locally manufactured liquor. Total revenue during this period reached Rs. 124.6 billion, a surge attributed to the digital system’s ability to recover taxes that previously went unpaid.
- [‘India Calling’ Forum Set to Unlock Bilateral Trade and Investment Barriers](https://economictimes.lk/index.php/2026/07/20/india-calling-forum-set-to-unlock-bilateral-trade-and-investment-barriers/) - In a major push to redefine economic ties between Sri Lanka and India, the Lanka India Business Association (LIBA) has announced the highly anticipated corporate forum, ‘India Calling’. Scheduled for August 6th at the Taj Samudra, Colombo, from 9:00 AM to 6:00 PM, the full-day event is designed to bridge commercial gaps, unpack regulatory friction,
- [VietJet launches direct Colombo–Ho Chi Minh City flights](https://economictimes.lk/index.php/2026/07/21/vietjet-launches-direct-colombo-ho-chi-minh-city-flights/) - Vietnam’s leading low-cost carrier, VietJet, launched its inaugural direct flight service between Colombo and Ho Chi Minh Cityon Saturday (18), strengthening air connectivity between Sri Lanka and Vietnam while opening new opportunities for tourism, trade and investment. The new service, which commenced on July 18, is expected to facilitate greater travel between the two countries
- [Sampath Bank secures Sumathi Award for Digital Commercial](https://economictimes.lk/index.php/2026/07/21/sampath-bank-secures-sumathi-award-for-digital-commercial/) - Sampath Bank PLC was recognised at the Sumathi Awards 2026, with the digital commercial created for its flagship CSR initiative, Wewata Jeewayak, earning Runner-Up honours in the Digital Commercial Awards category. The commercial highlighted the resilience of Sri Lanka’s farming communities while drawing attention to the importance of preserving the nation’s agricultural heritage and sustaining
- [Industry Minister holds roundtable discussion with leading Indian investors in New Delhi](https://economictimes.lk/index.php/2026/07/21/industry-minister-holds-roundtable-discussion-with-leading-indian-investors-in-new-delhi/) - The Federation of Indian Chambers of Commerce and Industry (FICCI) Business Roundtable Discussion was held in New Delhi July 16 under the patronage of Minister of Industries and Entrepreneurship Development, Sunil Handunnetti, and with the participation of the Sri Lankan High Commissioner to India. The delegation had the opportunity to engage in a fruitful exchange
- [Lankan entrepreneurs must aim at joining global markets and value-chain](https://economictimes.lk/index.php/2026/07/21/lankan-entrepreneurs-must-aim-at-joining-global-markets-and-value-chain/) - Human skill and creativity cannot be replaced by artificial intelligence. The biggest demand in the world now is for skills that are combined with competency-based education. Now there is ChatGPT and other sources for the youngsters to gain knowledge on varied subjects, provided they know the language, Deputy Minister of Industry and Entrepreneurship Development, Chathuranga
- [Lanka’s export sector targets 8%-10% growth in 2026- EDB Chairman](https://economictimes.lk/index.php/2026/07/21/lankas-export-sector-targets-8-10-growth-in-2026-edb-chairman/) - The Export Development Board (EDB) reaffirmed its commitment to expanding Sri Lanka’s gem and jewellery exports, with Chairman Mangala Wijesinghe expressing confidence that FACETS Sri Lanka 2027 will help the industry achieve its target of US$1 billion in export earnings by 2030. Addressing the launch of the 34th edition of FACETS Sri Lanka, Wijesinghe described
- [Sri Lankan Exporters Face New EU Sustainability Rules as Compliance Deadlines Loom](https://economictimes.lk/index.php/2026/07/20/sri-lankan-exporters-face-new-eu-sustainability-rules-as-compliance-deadlines-loom/) - Organizations should act now to stay ahead of new regulations As sustainability requirements reshape global trade, businesses should begin preparing for key developments such as EmpCo, PPWR, EUDR, and ESG reporting expectations. SRI LANKAN EXPORTERS targeting the European Union are being urged to prepare immediately for sweeping new sustainability regulations that will fundamentally change how
- [Commercial Bank MD/CEO Sanath Manatunge Named Chairman of EFC](https://economictimes.lk/index.php/2026/07/20/commercial-bank-md-ceo-sanath-manatunge-named-chairman-of-efc/) - Mr Sanath Manatunge, the Managing Director/Chief Executive Officer of Commercial Bank of Ceylon has been appointed Chairman of the Employers’ Federation of Ceylon (EFC), one of the country’s most influential apex business bodies representing the interests of employers across a wide spectrum of industries. The Bank said Mr Manatunge’s appointment is a significant recognition of
- [Ceyconnect and Lion Brewery Launch Sri Lanka’s First Long-Haul EV Prime Mover](https://economictimes.lk/index.php/2026/07/16/ceyconnect-and-lion-brewery-launch-sri-lankas-first-long-haul-ev-prime-mover/) - Ceyconnect (Pvt) Ltd, a subsidiary of the Ceyline Group, has introduced Sri Lanka's first long-haul Electric Vehicle (EV) prime mover, deploying it within the outbound supply chain of Lion Brewery (Ceylon) PLC. The vehicle is the latest step in an ongoing partnership between Lion and Ceyline Group. Ceyline Group previously built energy-efficient warehousing for Lion
- [Ceylon Energy Hosts Energize 2026 and Launches Apollo Energy, Delaware USA Investment Platform](https://economictimes.lk/index.php/2026/07/16/ceylon-energy-hosts-energize-2026-and-launches-apollo-energy-delaware-usa-investment-platform/) - Reaffirming its commitment to driving innovation in the energy sector, Ceylon Energy successfully hosted Energize 2026, a premier knowledge-sharing forum that brought together global industry experts, engineers, investors, business leaders, and energy professionals to explore the latest developments shaping the future of energy. Held under the theme "Latest Industrial Developments in the Energy Sector," the event served as a
- [Sustainable energy transition emerging as key driver of industrial competitiveness](https://economictimes.lk/index.php/2026/07/16/sustainable-energy-transition-emerging-as-key-driver-of-industrial-competitiveness/) - The transition to sustainable energy is increasingly becoming a strategic business priority for Sri Lanka’s manufacturing sector, offering companies an opportunity to reduce costs, strengthen energy security and improve long-term competitiveness while lowering carbon emissions. As global competition intensifies and traditional advantages such as quality and compliance become less distinctive, manufacturers are investing in renewable
- [Divine Marketing celebrates 7 years of excellence](https://economictimes.lk/index.php/2026/07/16/divine-marketing-celebrates-7-years-of-excellence/) - Divine Marketing (Pvt) celebrated its seventh anniversary while unveiling two innovative new products, reaffirming its commitment to quality, innovation, and customer satisfaction. Established with the vision of providing high-quality tissue products to Sri Lankan consumers, Divine Marketing has grown into a leading supplier serving households as well as offices, hotels, restaurants, hospitals, and other commercial
- [Sun Siyam Pasikudah hosts Miss Polski 2026 finalists for photoshoot on Lanka’s East Coast](https://economictimes.lk/index.php/2026/07/16/sun-siyam-pasikudah-hosts-miss-polski-2026-finalists-for-photoshoot-on-lankas-east-coast/) - Sun Siyam Pasikudah, part of the Privé Collection under Maldivian-owned Sun Siyam Resorts, the Privé Collection property of The House of Siyam, recently played host to the finalists and crew of Poland’s national beauty pageant, Miss Polski 2026, as part of an island-wide tour organised in partnership with the Sri Lanka Tourism Promotion Bureau (SLTPB).
- [Tata Group Leads Humanitarian Education Support Initiative with DIMO and ChildFund for Disaster-Affected Schoolchildren in Sri Lanka](https://economictimes.lk/index.php/2026/07/15/tata-group-leads-humanitarian-education-support-initiative-with-dimo-and-childfund-for-disaster-affected-schoolchildren-in-sri-lanka/) - The Tata Group, in partnership with ChildFund and DIMO, has successfully implemented a humanitarian education support initiative for disaster-affected schoolchildren in Sri Lanka, reaffirming its commitment to helping communities recover from the impacts of Cyclone Ditwah and the subsequent floods. Following a formal request for support from Sri Lanka, an on-ground assessment was conducted in
- [EDB, Expertise France partner to boost sustainable trade with EU](https://economictimes.lk/index.php/2026/07/15/edb-expertise-france-partner-to-boost-sustainable-trade-with-eu/) - The Sri Lanka Export Development Board (EDB) will collaborate with Expertise France to strengthen sustainable trade between Sri Lanka and the European Union (EU) under an EU-funded initiative aimed at promoting climate-resilient and circular trade practices. The partnership was discussed during a recent meeting between Expertise France Programme Officer Yannick Gaudin, EDB Chairman Mangala Wijesinghe
- [AIA hosts Sales Convention, celebrates top-performing Wealth Planners](https://economictimes.lk/index.php/2026/07/15/aia-hosts-sales-convention-celebrates-top-performing-wealth-planners/) - AIA Insurance Lanka recently hosted its annual AIA Sales Convention 2026, bringing together the company’s top-performing Wealth Planners, Managers and Distribution Leaders in a powerful celebration of excellence, achievement and ambition. Held under the inspiring theme ‘Born to be #1 – Be the one. Lead the future’, the Sales Convention recognised individuals who have demonstrated
- [CBC Finance opens 24th Branch in Kegalle](https://economictimes.lk/index.php/2026/07/15/cbc-finance-opens-24th-branch-in-kegalle/) - CBC Finance PLC, a fully-owned subsidiary of Commercial Bank of Ceylon PLC, inaugurated its 24th branch in Kegalle. The new branch aims to deliver a versatile range of customised financial solutions tailored to the evolving needs of the region’s residents and business communities. The opening was graced by the top leadership of CBC Finance PLC,
- [Lanka IOC holds 24th Annual General Meeting](https://economictimes.lk/index.php/2026/07/15/lanka-ioc-holds-24th-annual-general-meeting/) - Lanka IOC PLC conducted its 24th Annual General Meeting (AGM) on July 9, reaffirming the Company’s commitment to sustainable growth, sound corporate governance and long-term value creation for its shareholders and stakeholders. The AGM was attended by Anuj Jain Chairman Lanka IOC, K. Raghu Managing Director Lanka IOC, in the presence of Directors of the
- [5S Certification 10th Anniversary Forum and Certificate Awarding Ceremony – 2026 ends on high note](https://economictimes.lk/index.php/2026/07/15/5s-certification-10th-anniversary-forum-and-certificate-awarding-ceremony-2026-ends-on-high-note/) - The 5S Certification 10th Anniversary Forum and Certificate Awarding Ceremony – 2026 was successfully held on July 9 2026 at the Galle Face Hotel, Colombo, marking a significant milestone in Sri Lanka’s productivity and quality journey. The event was honoured by the presence of Chief Guests Sunil Handunnetti Minister of Industry and Entrepreneurship Development, J.
- [ComBank voted Lanka’s ‘Most Loved’ Banking brand for third consecutive year](https://economictimes.lk/index.php/2026/07/14/combank-voted-lankas-most-loved-banking-brand-for-third-consecutive-year/) - The Commercial Bank of Ceylon has reaffirmed its leadership in Sri Lanka’s banking sector by being ranked the No. 1 banking brand in the Service Brands category for the third consecutive year in LMD Magazine’s 2026 Most Loved Brands survey, while also being placed second among all service brands in the country. The survey, conducted
- [Positive Court Ruling Affirms Baby Cheramy’s Exclusive Brand Rights](https://economictimes.lk/index.php/2026/07/14/positive-court-ruling-affirms-baby-cheramys-exclusive-brand-rights/) - Baby Cheramy, Sri Lanka’s most trusted baby care brand, was able to protect its identity by affirming its exclusive ownership and rights to the Baby Cheramy brand identity and intellectual property. The ruling comes in response to the emergence of a deceptively similar imitation brand operating under the name ‘Baby Sherami’, which created confusion among
- [Baby Cheramy and Clogard Recognized Among Sri Lanka’s Favourite Product Brands in PepperCube T25](https://economictimes.lk/index.php/2026/07/14/baby-cheramy-and-clogard-recognized-among-sri-lankas-favourite-product-brands-in-peppercube-t25/) - Hemas Consumer Brands’ two most trusted household names, Baby Cheramy and Clogard, have been recognised among Sri Lanka’s Favourite Product Brands in a survey conducted by PepperCube Consultants and published by LMD. The results of the T25 favorite products/service brands are based on a monthly sample of 1,000 and reported cumulatively from 12,000 respondents at
- [LOLC takes Islamic Finance to the world with Al-Falaah Tawarrug launch](https://economictimes.lk/index.php/2026/07/14/lolc-takes-islamic-finance-to-the-world-with-al-falaah-tawarrug-launch/) - LOLC, being originated from one of the smallest economies and countries in the world, has now taken finance services to 26 countries, Krishan Thilakaratne, Director, CEO LOLC Finance told the launch of the LOLC AI-Falaah’s “Al-Falaah Tawarrug for Personal Finance,” the country’s first structured Tawarruq-based lslamic liquidity solution (which is first in the industry and
- [Nations Trust Bank appoints new Independent Non-Executive Director to its Board](https://economictimes.lk/index.php/2026/07/14/nations-trust-bank-appoints-newindependent-non-executive-director-to-its-board/) - Nations Trust Bank PLC has announced the appointment of Ananda Jayawardana as an Independent Non-Executive Director to its Board. Ananda Jayawardana is a seasoned finance professional with over 25 years of international experience spanning Leveraged & Structured Finance, Debt Capital Markets, and Corporate Banking. He brings extensive expertise in structuring and executing complex cross-border financing
- [People’s Bank holds ‘People’s Remittance Sanwathsara Pranama Draw 2026’](https://economictimes.lk/index.php/2026/07/14/peoples-bank-holds-peoples-remittance-sanwathsara-pranama-draw-2026/) - In celebration of its 65th Anniversary, People’s Bank held the ‘People’s Remittance ‘Sanwathsara Pranama Draw 2026’ on May 1, at People’s Tower, Colombo 02. The draw was conducted as part of the Bank’s ‘Dolosmahe Vaasi Chakraya’ programme. Accordingly, 65 lucky winners were selected to receive 65 hampers of essential goods. Customers who remitted worker remittances
- [Keells joins Dialog Pay Merchant Ecosystem](https://economictimes.lk/index.php/2026/07/14/keells-joins-dialog-pay-merchant-ecosystem/) - Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, announced that customers can now make secure and convenient digital payments using Dialog Pay at all Keells supermarkets nationwide. As one of Sri Lanka’s leading supermarket chains with 150 stores across the island, Keells becomes one of the first major retail partners in the Dialog Pay merchant
- [DFCC Bank and Co-Energi Partner to Help Businesses Improve Energy Efficiency and Build Long-Term Resilience](https://economictimes.lk/index.php/2026/07/13/dfcc-bank-and-co-energi-partner-to-help-businesses-improve-energy-efficiency-and-build-long-term-resilience/) - DFCC Bank PLC has entered into a strategic partnership with Co-Energi (Pvt) Ltd to help businesses improve energy efficiency through a combination of technical expertise and sustainable financing, enabling organisations to reduce operating costs, strengthen competitiveness, and invest with greater confidence in a more sustainable future. As energy costs continue to influence business performance across
- [Sri Lanka Tourism Strengthens Presence in Gujarat Through Successful Roadshows (B2B) and Networking Events](https://economictimes.lk/index.php/2026/07/13/sri-lanka-tourism-strengthens-presence-in-gujarat-through-successful-roadshows-b2b-and-networking-events/) - The Sri Lanka Tourism Promotion Bureau (SLTPB) successfully concluded its series of Media Networking Sessions, B2B Roadshows, and Networking Evenings across the Indian state of Gujarat, covering Surat, Rajkot, and Ahmedabad on 15, 17, and 19 June 2026, respectively. The roadshows brought together 48 leading Sri Lankan travel and tourism companies, including SriLankan Airlines and
- [Hayleys Fentons Recognised Among Sri Lanka’s Most Outstanding Mom-Inclusive Workplaces at Mom Leaders Conference 2026](https://economictimes.lk/index.php/2026/07/13/hayleys-fentons-recognised-among-sri-lankas-most-outstanding-mom-inclusive-workplaces-at-mom-leaders-conference-2026/) - Hayleys Fentons has been recognised among Sri Lanka’s Most Outstanding Mom-Inclusive Workplaces at the Mom Leaders Conference 2026, organised by Parenthood Global, underscoring the company’s continued commitment to building an inclusive, people-centric workplace culture that supports working mothers to grow, lead and succeed. The recognition reflects Hayleys Fentons’ ongoing efforts to foster a supportive and
- [AMW Transfers Solid Tyre Division to AGTL, Paving the Way for BOI Registration](https://economictimes.lk/index.php/2026/07/13/amw-transfers-solid-tyre-division-to-agtl-paving-the-way-for-boi-registration/) - Associated Motorways (Private) Limited (AMW) has formally transferred its Solid Tyre Division to wholly owned subsidiary AGTL (Associated Global Trading (Private) Limited), marking a significant milestone in the company's long-term growth strategy and a foundational step towards AGTL operating as a Board of Investment (BOI)-registered entity. As a BOI-focused manufacturing entity, AGTL will be better
- [Yamaha Opens Flagship Concept Showroom in Borella](https://economictimes.lk/index.php/2026/07/13/yamaha-opens-flagship-concept-showroom-in-borella/) - Associated Motorways (Private) Limited (AMW), the official distributor for Yamaha, has opened Yamaha’s flagship Concept Showroom in Sri Lanka at Borella, marking the brand’s 45-year presence in the country while introducing a redesigned retail destination that brings together the brand’s motorcycles, scooters, Outboard Motors (OBM), water vehicles, genuine spare parts, accessories and official Yamaha merchandise
- [Senkadagala Finance Hits Record Rs. 2 Bn Profit in FY 2025/26](https://economictimes.lk/index.php/2026/07/13/senkadagala-finance-hits-record-rs-2-bn-profit-in-fy-2025-26/) - * Group Profit After Tax: Rs. 2.05 Bn, +16% YoY*Total Assets: Rs. 57.07 Bn, +40% YoY* Total Capital Adequacy Ratio: 23.84% Senkadagala Finance PLC closed the financial year ended 31 March 2026 with a group profit after tax of Rs. 2.05 billion, up 16% year-on-year, marking the strongest bottom line in the Company’s history. At
- [CA Sri Lanka launches multi-pronged initiatives to power SME sector](https://economictimes.lk/index.php/2026/07/10/ca-sri-lanka-launches-multi-pronged-initiatives-to-power-sme-sector/) - The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) together with the Colombo Stock Exchange (CSE) rolled out a multi-pronged initiative to power the Small and Medium-sized Enterprises (SME) sector, launching the SME Creditworthiness Rating Framework, the SME Connect Awards and the inaugural issue of The Entrepreneur magazine. At a press conference held
- [Maliban ranked ‘Most Loved Product Brand’ in LMD Readers’ Choice Most Loved Brands](https://economictimes.lk/index.php/2026/07/10/maliban-ranked-most-loved-product-brand-in-lmd-readers-choice-most-loved-brands/) - Maliban has been ranked the No. 1 Most Loved Product Brand in the LMD Readers’ Choice Most Loved Brands 2026, reaffirming its place as one of Sri Lanka’s most trusted, recognised, and cherished homegrown brands. Adding to this achievement, Maliban was also ranked No. 1 in the Packaged Foods (Ready to Eat) category, emerging as
- [JB Financial launches ‘Credit Opportunity Fund’ flexible investment solution](https://economictimes.lk/index.php/2026/07/10/jb-financial-launches-credit-opportunity-fund-flexible-investment-solution/) - JB Financial has launched the JB Vantage Credit Opportunity Fund (COF), a flexible investment solution designed for investors seeking stronger returns without sacrificing liquidity. The fund enters the market at a time when many Sri Lankans are rethinking how they manage idle cash. With savings rates declining and inflation continuing to pressure purchasing power, investors
- [RDB Bank Opens Doors at New Divulapitiya Branch Premises](https://economictimes.lk/index.php/2026/07/10/rdb-bank-opens-doors-at-new-divulapitiya-branch-premises/) - RDB Bank relocated its Western Province Divulapitiya Branch on June 15, as part of its branch network modernisation programme. The new premises were inaugurated by Chairman Lasantha Fernando at the invitation of RDB Bank’s General Manager Asanga Tennakoon. RDB Divulapitiya Branch, with the aim of improving customer service and operational efficiency, is equipped with a
- [Dialog Named Sri Lanka’s Most Loved Telecom & Service Brand by LMD](https://economictimes.lk/index.php/2026/07/10/dialog-named-sri-lankas-most-loved-telecom-service-brand-by-lmd/) - Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, has once again been recognised as Sri Lanka’s Most Loved Brand in the Service and Telecommunications sectors, while also ranking among the top Corporate Brands in the LMD Brands Annual. Marking its third consecutive year at the top of both categories, the recognition reflects the company’s commitment
- [IFRS 17 to boost life insurance growth](https://economictimes.lk/index.php/2026/07/09/ifrs-17-to-boost-life-insurance-growth/) - More foreign investment and industry growth is envisaged with Sri Lanka life insurance industry poised to adopt the global accounting standard for insurance contracts, IFRS 17, panelist opined at the CT Smith Securities investor forum titled ‘Navigating Growth and Value in Life Insurance,’ held recently in Colombo. Today’s IFRS 4 focuses on a company’s stock
- [Classic Car Club of Ceylon Celebrates Another Successful Year at Annual General Meeting](https://economictimes.lk/index.php/2026/07/09/classic-car-club-of-ceylon-celebrates-another-successful-year-at-annual-general-meeting/) - The Classic Car Club of Ceylon (CCCC) successfully concluded its 34th year at its Annual General Meeting, held on 25 June 2026 at The Kingsbury Hotel, Colombo. The meeting marked the culmination of another outstanding year for the Club, highlighted by a series of successful events and initiatives celebrating Sri Lanka’s vibrant classic motoring community. These
- [BYD Vice President Liu Xueliang visits Sri Lanka deepens regional commitment](https://economictimes.lk/index.php/2026/07/09/byd-vice-president-liu-xueliang-visits-sri-lanka-deepens-regional-commitment/) - John Keells CG Auto (JKCG Auto), the authorised distributor of BYD and DENZA, recently welcomed BYD Vice President, Liu Xueliang to Sri Lanka as part of an official visit reviewing the remarkable growth of both brands across sales and aftersales. The visit reflects the company’s long-term confidence in Sri Lanka’s transition towards New Energy Mobility
- [Pan Asia Bank strengthens national remittance framework with ‘Remit Max’](https://economictimes.lk/index.php/2026/07/09/pan-asia-bank-strengthens-national-remittance-framework-with-remit-max/) - Pan Asia Bank launched its new ‘Remit Max’ product suite at a ceremony held on July 3, at Epitom Hotel, Kurunegala, reflecting its commitment to strengthening Sri Lanka’s formal inward remittance ecosystem while delivering innovative financial solutions tailored specifically for migrant workers and their families. The launch was attended by the Chairman of Pan Asia
- [Sri Lanka’s Smartest Investors Have Stopped Waiting a Lifetime to Profit From Land](https://economictimes.lk/index.php/2026/07/09/sri-lankas-smartest-investors-have-stopped-waiting-a-lifetime-to-profit-from-land/) - Groundworth is rewriting the rules of land ownership in Sri Lanka — turning a generational asset into a strategy that can build wealth in years, not decades. For as long as anyone can remember, Sri Lankans have bought land the way their parents and grandparents did: acquire a plot, hold it for twenty or thirty
- [Boat and Ship Building Sector to reach USD$100 Bn mark this year](https://economictimes.lk/index.php/2026/07/08/boat-and-ship-building-sector-to-reach-usd100-bn-mark-this-year/) - Sri Lanka’s export sector has once again demonstrated remarkable resilience despite global economic uncertainties, geopolitical tensions, supply chain disruptions and evolving market requirements.Sri Lanka’s total export earnings exceeded Rs.US$ 17 billion in 2025, reflecting continued growth in both merchandising and service exports, National Chamber of Exporters (NCE) President Indhra Kaushal Rajapaksa told the NCE Export
- [Commercial Bank wins biggest FinanceAsia awards haul by Lankan bank](https://economictimes.lk/index.php/2026/07/08/commercial-bank-wins-biggest-financeasia-awards-haul-by-lankan-bank/) - Reaffirming its unmatched leadership and excellence in Sri Lanka’s banking sector, the Commercial Bank of Ceylon has been named Best Bank in Sri Lanka for the 15th consecutive year at the FinanceAsia Awards 2026, while also winning six other accolades across key areas of banking, the most by Sri Lankan bank. In addition to being
- [Suthaharan Perampalam re-elected President MRSSL at 13th AGM](https://economictimes.lk/index.php/2026/07/08/suthaharan-perampalam-re-elected-president-mrssl-at-13th-agm/) - The Market Research Society of Sri Lanka (MRSSL) elected its Executive Committee for the 2026 term at its 13th Annual General Meeting, with Suthaharan Perampalam being re-elected as President for a second consecutive term. In his acceptance speech, Suthaharan expressed his gratitude to the membership and Executive Committee for their continued support, acknowledging their collective
- [HNB General Insurance among Lanka’s 50 Best Workplaces 2026 by Great Place To Work](https://economictimes.lk/index.php/2026/07/08/hnb-general-insurance-among-lankas-50-best-workplaces-2026-by-great-place-to-work/) - HNB General Insurance (HNBGI) has become the only General Insurance company to make it to the exclusive list of 50 Best Workplaces in Sri Lanka for 2026. Compiled by Great Place To Work, the renowned global authority on workplace culture, the prestigious list features 50 Sri Lankan organizations across all sizes, with HNB General Insurance
- [CEAT Kelani strengthens SUV tyre portfolio with new high-performance additions](https://economictimes.lk/index.php/2026/07/08/ceat-kelani-strengthens-suv-tyre-portfolio-with-new-high-performance-additions/) - CEAT Kelani Holdings has expanded its radial tyre portfolio in Sri Lanka with the launch of two new SUV-focused products engineered to deliver a superior blend of control, comfort and durability across the country’s diverse driving conditions. The launch introduces the SecuraDrive SUV tyre in size 215/65 R16 and the CrossDrive AT tyre in size
- [Hemas Hospitals Sets National Benchmark with 30 Quality Awards - Highest in Hospitals](https://economictimes.lk/index.php/2026/07/07/hemas-hospitals-laboratory-chain-wins-30-national-quality-awards/) - Hemas Hospitals & Laboratory Chain has set a new national benchmark in healthcare quality, winning 30 awards at the National Convention on Quality and Productivity (NCQP) 2026 — the highest number of awards won by a single hospital in the country. The achievement, comprising 22 Gold Awards, seven Silver Awards, and one Bronze Award, reflects
- [Expo Leisure Cluster Triumphs with Six Big Wins at SLASSCOM Ingenuity Awards 2026](https://economictimes.lk/index.php/2026/07/07/expo-leisure-cluster-triumphs-with-six-big-wins-at-slasscom-ingenuity-awards-2026/) - The Expo Leisure Cluster secured six accolades at the 8th Annual SLASSCOM National Ingenuity Awards (SNIA) 2026, held on 16 June at ITC Ratnadipa, reaffirming its growing strength in innovation and digital transformation across Sri Lanka’s travel, tourism, visa, and education sectors. The cluster’s wins included EVS Study Fly being named Western Province Winner for Best Innovative Product in
- [University of Sri Jayewardenepura Publishes International Case Study on Port City Colombo’s Role in Sri Lanka’s Economic Transformation](https://economictimes.lk/index.php/2026/07/07/university-of-sri-jayewardenepura-publishes-international-case-study-on-port-city-colombos-role-in-sri-lankas-economic-transformation/) - The Faculty of Management Studies and Commerce, University of Sri Jayewardenepura, in collaboration with Port City Colombo, has co-authored and internationally published an academic case study and accompanying teaching notes for students, examining the project’s potential role in shaping Sri Lanka’s long-term economic future. Published by Nova Publishers, New York, USA, the study titled “Port
- [Pan Asia Bank wins multiple int’l awards at 15th ACEF Global Customer Engagement Awards](https://economictimes.lk/index.php/2026/07/07/pan-asia-bank-wins-multiple-intl-awards-at-15th-acef-global-customer-engagement-awards/) - Pan Asia Bank secures multiple international honours at the 15th ACEF Global Customer Engagement Awards 2026, including a coveted Grand Prix recognition for excellence in customer engagement. The ACEF Global Customer Engagement Awards held annually, recognise outstanding brands and organisations across the world for innovation, creativity and effectiveness in customer engagement strategies. Pan Asia Bank
- [Asia Asset Finance opens fully-fledged Training and Development Centre in Kurunegala](https://economictimes.lk/index.php/2026/07/07/asia-asset-finance-opens-fully-fledged-training-and-development-centre-in-kurunegala/) - Asia Asset Finance PLC recently opened its new Training and Development Centre in Kurunegala, marking a defining investment in the company’s most powerful asset: its people. At a time when financial institutions are increasingly judged not only by size, profit or reach, but by governance, ethics, service quality and public trust, the new centre carries
- [NDB Wealth celebrates excellence at Annual Sales Excellence Awards Night](https://economictimes.lk/index.php/2026/07/07/ndb-wealth-celebrates-excellence-at-annual-sales-excellence-awards-night/) - NDB Wealth Management Limited, Sri Lanka’s leading asset management company, recently hosted its Annual Sales Excellence Awards Night 2025, at Cinnamon Life Colombo, bringing together its leadership, sales teams, strategic partners, and distinguished guests to celebrate outstanding achievements and recognize exceptional performance sales, largest in the industry. The event served as a tribute to the
- [Smart Quest marks 20 years with launch of ‘The Growth Circle and pre-launch of Rooted’](https://economictimes.lk/index.php/2026/07/07/smart-quest-marks-20-years-with-launch-of-the-growth-circle-and-pre-launch-of-rooted/) - Smart Quest Pvt Ltd marked its 20th anniversary with an intimate evening at Cinnamon Life, Colombo, bringing together clients, partners, faculty and leaders from more than 30 organisations across Sri Lanka’s corporate landscape. The milestone event reflected on two decades of leadership development, coaching and organisational transformation, while introducing Smart Quest’s next chapter through the
- [New Anthoney’s takes on antimicrobial resistance to make Lankan poultry safer](https://economictimes.lk/index.php/2026/07/07/new-anthoneys-takes-on-antimicrobial-resistance-to-make-lankan-poultry-safer/) - Sri Lanka consumes roughly 258,000 metric tonnes of chicken annually, according to the Department of Animal Production and Health and that figure has been climbing steadily as protein awareness grows and fast food culture deepens. Behind that volume lies a practice that most consumers never see, the routine use of antibiotics in commercial poultry farming,
- [Finch Foods Showcases the Finest of Sri Lanka at Bandaranaike International Airport](https://economictimes.lk/index.php/2026/07/06/finch-foods-showcases-the-finest-of-sri-lanka-at-bandaranaike-international-airport/) - Finch Foods has officially opened its premium travel retail outlet at Bandaranaike International Airport, marking a significant milestone in the company’s journey to build a globally recognized Sri Lankan food brand. Located within the Departure/Transit Duty Free area, the outlet has been designed to showcase the finest ingredients, flavours and gifting collections from Sri Lanka
- [Sri Lanka, China EXIM Bank discuss development cooperation, push to finalise Central Expressway Funding Agreement](https://economictimes.lk/index.php/2026/07/06/sri-lanka-china-exim-bank-discuss-development-cooperation-push-to-finalise-central-expressway-funding-agreement/) - A high-level delegation from the Export-Import Bank of China (China EXIM Bank) has reaffirmed its commitment to strengthening development cooperation with Sri Lanka during discussions with Deputy Minister of Finance and Planning Dr. Anil Jayantha Fernando, with both sides agreeing to expedite the amended financing agreement for a key section of the Central Expressway Project.
- [Next Capital Trust honoured as ‘Best Business Finance Service Provider’ at Iconic Awards Bangkok](https://economictimes.lk/index.php/2026/07/06/next-capital-trust-honoured-as-best-business-finance-service-provider-at-iconic-awards-bangkok/) - Next Capital Trust Pvt., Ltd., was recognised as the ‘Best Business Finance Service Provider’ at the Iconic Awards ceremony held in Bangkok, Thailand. Within a short period, Next Capital Trust expanded its operations across Sri Lanka, establishing 16 branches islandwide, including the Northern and Eastern Provinces. This award was presented in recognition of the company’s
- [Softlogic IT wins Outstanding Performance award at Xerox Channel Partner Meet](https://economictimes.lk/index.php/2026/07/06/softlogic-it-wins-outstanding-performance-award-at-xerox-channel-partner-meet/) - Softlogic Information Technologies (Pvt) Ltd. was recently honoured with the award for Outstanding Performance at the International Xerox Channel Partner Meet, further cementing its reputation as one of Sri Lanka’s leading providers of printing solutions. The recognition was awarded based on Softlogic IT’s exceptional performance for Xerox imaging products during the 2025/2026 financial year, showcasing
- [SLAM Power Solutions and Ceyring (Pvt) Ltd Launch Sri Lanka’s First Industrial Battery Energy Storage System (BESS) Cabinet System Integrating with Solar Power](https://economictimes.lk/index.php/2026/07/06/slam-power-solutions-and-ceyring-pvt-ltd-launch-sri-lankas-first-industrial-battery-energy-storage-system-bess-cabinet-system-integrating-with-solar-power/) - Marking a major milestone for sustainable energy supply for Industries, SLAM Power Solutions, in partnership with Ceyring (Pvt) Ltd, has officially commissioned Sri Lanka’s first industrial-scale Battery Energy Storage System (BESS) integrating with Solar Power at the Ceyring factory in Horana. The high-profile commissioning ceremony brought together key stakeholders from the Public Utilities Commission of
- [WB backs Sri Lanka’s reform agenda with US$ 150 Million](https://economictimes.lk/index.php/2026/07/03/wb-backs-sri-lankas-reform-agenda-with-us-150-million/) - The World Bank’s Board of Executive Directors approved US$150 million in financing to support Sri Lanka’s reform agenda aimed at boosting investment, strengthening competitiveness, and creating jobs. The Sri Lanka Reforms for Growth, Resilience and Openness Development Policy Operation (REGROW DPO) is the first in a proposed series of three operations and builds on the
- [Sri Lanka Benelux Business Council and Ceylon Chamber of Commerce host Business Forum](https://economictimes.lk/index.php/2026/07/03/sri-lanka-benelux-business-council-and-ceylon-chamber-of-commerce-host-business-forum/) - The Sri Lanka Benelux Business Council, in association with the Ceylon Chamber of Commerce, hosted a Business Forum and B2B Networking Session at the Hilton Colombo Residence recently. The event brought together nineteen business delegates from Belgium and Luxembourg, creating a valuable platform for strengthening trade and investment ties between Sri Lanka and the Benelux
- [Development programme to promote women’s self-employment held in Palamunai](https://economictimes.lk/index.php/2026/07/03/development-programme-to-promote-womens-self-employment-held-in-palamunai/) - (Text and Picture by: I.L.M. RIZAN, Addalaichenai Central Correspondent) A livelihood development programme aimed at promoting women’s self-employment was recently implemented in the Palamunai area, under the Addalaichenai Divisional Secretariat Division, through the 2026 Decentralised Budget allocation of Digamadulla District Member of Parliament M.S. Uthumalebbe. As part of the initiative to strengthen the rural economy,
- [Zydus, Sunshine Healthcare launch $20 Mn JV to boost pharmaceutical manufacturing in SL](https://economictimes.lk/index.php/2026/07/03/zydus-sunshine-healthcare-launch-20-mn-jv-to-boost-pharmaceutical-manufacturing-in-sl/) - Global pharmaceutical company Zydus Lifesciences and Sunshine Healthcare have announced a strategic joint venture (JV) to establish a pharmaceutical manufacturing facility in Sri Lanka with an investment exceeding US$20 million. The new joint venture, named Zydus Sunshine Lifesciences Pvt Ltd., will develop the manufacturing plant at the Board of Investment (BOI) zone in Horana. The
- [Sri Lanka’s first plastic alternatives centre boosts artisan livelihoods in Sigiriya](https://economictimes.lk/index.php/2026/07/03/sri-lankas-first-plastic-alternatives-centre-boosts-artisan-livelihoods-in-sigiriya/) - Sri Lanka’s first Plastic Alternatives and Craft Experience Centre, established by the ZeroPlastic Movement near Sigiriya, has completed its first tourism season, demonstrating how sustainable tourism can create new income opportunities for traditional artisans while promoting environmental conservation. Located at Rotawewa on the Sigiriya Road, the centre offers visitors a hands-on experience rather than a
- [Dr Nirmal De Silva elected President of St. Peter's College Old Boys' Union as the institution approaches its centenary](https://economictimes.lk/index.php/2026/07/02/dr-nirmal-de-silva-elected-president-of-st-peters-college-old-boys-union-as-the-institution-approaches-its-centenary/) - The St. Peter’s College Old Boys’ Union (SPCOBU) has unanimously elected distinguished corporate leader, academic, and alumnus Dr. Nirmal De Silva as its new President. The election took place during the Union’s 97th Annual General Meeting on June 28, 2026. Dr. De Silva succeeds Mr. Roshan Fernando, who successfully led and strengthened the institution over
- [iPay participate at LankaQR Awareness Programme in Trincomalee](https://economictimes.lk/index.php/2026/07/02/ipay-participate-at-lankaqr-awareness-programme-in-trincomalee/) - Reinforcing its commitment to advancing Sri Lanka’s digital economy, iPay participated in the LankaQR Awareness Programme conducted by the Central Bank of Sri Lanka on June 5-6, in Trincomalee, supporting efforts to accelerate digital payment adoption among businesses operating within the country’s growing eastern tourism belt. The programme focused on strengthening awareness and acceptance of
- [New Anthoney’s Feeds wins four Golds and a Silver at NCQP 2026](https://economictimes.lk/index.php/2026/07/02/new-anthoneys-feeds-wins-four-golds-and-a-silver-at-ncqp-2026/) - New Anthoney’s Feeds won four Gold Awards and one Silver Award at the National Convention on Quality and Productivity (NCQP) 2026, claiming recognition across all five improvement projects it entered. The event was held and winners announced on June 17, at the Mount Lavinia Hotel, Colombo. Marking a significant step up from the company’s double-Gold
- [Hayleys Mobility Expands Service Network with New Workshop Facility in Bellanthara](https://economictimes.lk/index.php/2026/07/02/hayleys-mobility-expands-service-network-with-new-workshop-facility-in-bellanthara/) - Bringing quality automotive care closer to customers through an expanded and more accessible service network Further strengthening its customer-focused service strategy, Hayleys Mobility Limited has opened a new workshop facility at No. 88, Nikape Aththidiya Road, Bellanthara, extending access to high-quality after-sales support for vehicle owners. The expansion forms part of the company’s broader initiative
- [SLID Welcomes FitsAir as a Gold Partner to Advance Strategic Corporate Collaboration](https://economictimes.lk/index.php/2026/07/02/slid-welcomes-fitsair-as-a-gold-partner-to-advance-strategic-corporate-collaboration/) - The Sri Lanka Institute of Directors (SLID) has officially entered into a strategic partnership with FitsAir, Sri Lanka’s first privately owned international airline and a leading low-cost carrier, committed to providing affordable, reliable, and hassle-free air travel formalized through the signing of a Memorandum of Understanding (MoU), marking the onboarding as a Gold Partner of
- [Vallibel Finance powers to record-breaking growth](https://economictimes.lk/index.php/2026/07/02/vallibel-finance-powers-to-record-breaking-growth/) - Total asset base expands to Rs. 180.2 Bn* PBT increases by 37.5% to Rs. 7.6 Bn* Portfolio recorded strong growth by 70% Vallibel Finance PLC continued its strong growth momentum during FY 2025/26, delivering exceptional financial performance and further strengthening its position among Sri Lanka’s top four financial institutions. Remarkably, this achievement has been realized
- [NEW YOHAN FURNITURE WINS PRESTIGIOUS REGIONAL DESIGN ACCOLADE AT ASIA MIRACLE AWARDS 2026](https://economictimes.lk/index.php/2026/07/01/new-yohan-furniture-wins-prestigious-regional-design-accolade-at-asia-miracle-awards-2026/) - New Yohan Furniture, a rising name in bespoke interior design and premium manufacturing, has been awarded the "Excellence in Interior Design & Custom Furniture Craftsmanship" honor at the Asia Miracle Awards 2026.The regional accolade recognizes the company’s contributions to high-end custom carpentry, innovative spatial design, and its growing footprint in the competitive Asian market.Managing Director
- [Hayleys Solar and PMF Finance PLC Partner to Expand Access to Solar Energy through Flexible Financing Solutions](https://economictimes.lk/index.php/2026/07/01/hayleys-solar-and-pmf-finance-plc-partner-to-expand-access-to-solar-energy-through-flexible-financing-solutions/) - In a move aimed at accelerating solar adoption across Sri Lanka, Hayleys Solar, Sri Lanka’s No. 1 solar energy provider, has joined forces with PMF Finance PLC to provide accessible financing solutions that help residential and commercial customers invest in clean energy with greater ease and confidence. The partnership brings together Hayleys Solar's extensive expertise
- [DIMO Expands Renewable Energy Portfolio with 18MW Solar Power Addition in Galle](https://economictimes.lk/index.php/2026/07/01/dimo-expands-renewable-energy-portfolio-with-18mw-solar-power-addition-in-galle/) - DIMO has successfully developed four new solar power plants in the Galle district, adding a total of 18MW of clean energy capacity to Sri Lanka’s national grid, further strengthening its renewable energy portfolio. The utility-scale solar power plants situated in Rathgama and Akmeemana were developed through fully owned subsidiaries of DIMO as Independent Power Producer
- [People’s Bank marks 65 years of banking excellence and national service](https://economictimes.lk/index.php/2026/07/01/peoples-bank-marks-65-years-of-banking-excellence-and-national-service/) - People’s Bank, one of Sri Lanka’s leading banking and financial institutions, celebrated its 65th anniversary on July 1, marking six and a half decades of dedicated service to the nation. Since its establishment in 1961, the Bank has played a pioneering role in expanding access to formal banking services, promoting financial inclusion and supporting the
- [Amana Bank acquires ownership of Corporate Office premises](https://economictimes.lk/index.php/2026/07/01/amana-bank-acquires-ownership-of-corporate-office-premises/) - Amana Bank PLC has acquired ownership of its Corporate Office premises located at Galle Road, Colombo 3 from Lee Hedges PLC. The property transfer took place recently in the presence of Amana Bank’s Chairman Asgi Akbarally, members of the Board of Directors and the Management Committee, as well as the Directors of Lee Hedges PLC.
- [Fashion Bug donates angiogram cover to Colombo South Teaching Hospital Kalubowila](https://economictimes.lk/index.php/2026/07/01/fashion-bug-donates-angiogram-cover-to-colombo-south-teaching-hospital-kalubowila/) - Fashion Bug recently donated theatre angiogram covers to the Cardiac Catheterisation Laboratory at Colombo South Teaching Hospital, Kalubowila. The programme was held on March 30, at the hospital premises as part of the brand’s ongoing CSR initiatives. The Cardiac Catheterisation Laboratory is a vital unit within the hospital that facilitates a wide range of diagnostic
- [People’s Leasing & Finance expands to Bibile](https://economictimes.lk/index.php/2026/07/01/peoples-leasing-finance-expands-to-bibile/) - People’s Leasing & Finance PLC (PLC), a leading non-bank financial institution and a subsidiary of People’s Bank, has further expanded its branch network with the inauguration of its new branch in Bibile. The new branch is centrally located at Badulla Road, Bilile. The opening ceremony was graced by the presence of a distinguished gathering, including
- [LB Finance secures USD 35 Mn in long-term funding from Norfund and Swedfund](https://economictimes.lk/index.php/2026/07/01/lb-finance-secures-usd-35-mn-in-long-term-funding-from-norfund-and-swedfund/) - LB Finance PLC has secured long-term funding of USD 20 million and USD 15 million from Norfund and Swedfund, respectively. This marks the first time LB Finance is entering into a partnership with these reputable European Development Finance Institutions (DFIs). As the second-largest Non-Bank Financial Institution (NBFI) in Sri Lanka, LB Finance commands total assets
- [Union Assurance Suwamaga Brings Free Diabetes Screening to Thousands During Poson Pilgrimage](https://economictimes.lk/index.php/2026/06/30/union-assurance-suwamaga-brings-free-diabetes-screening-to-thousands-during-poson-pilgrimage/) - Union Assurance, Sri Lanka’s longest-standing private Life Insurer, brought its flagship CSR programme, Union Assurance Suwamaga, to the sacred city of Anuradhapura. Conducted over three days on 28, 29 and 30 June near Sandahiru Seya during the Poson season, the initiative provided free diabetes screenings and health education to pilgrims and the wider public, marking
- [Home Lands Expands Presence in Port City Colombo with the Acquisition of its 2nd Land Parcel in the Central Park District](https://economictimes.lk/index.php/2026/06/30/home-lands-expands-presence-in-port-city-colombo-with-the-acquisition-of-its-2nd-land-parcel-in-the-central-park-district/) - Market leader, Home Lands Group has marked another significant milestone with the acquisition of its 2nd land parcel within Port City Colombo's prestigious Central Park District. The newly acquired land parcel spanning over 3 acres in extent, is similar in size and located adjacent to the land previously purchased for the landmark Central Park Boulevard
- [SL showcases regional AI hub ambitions at MWC Shanghai](https://economictimes.lk/index.php/2026/06/30/sl-showcases-regional-ai-hub-ambitions-at-mwc-shanghai/) - Sri Lanka has outlined an ambitious vision to transform itself from a consumer of artificial intelligence (AI) technologies into a trusted regional producer and partner in the global digital economy, said Deputy Minister of Digital Economy Eranga Weeraratne addressing the GSMA Roundtable at MWC Shanghai 2026. Speaking at the session themed “Powering the AI Economy:
- [Garment export earnings fall 4.8% in first five months despite May rebound](https://economictimes.lk/index.php/2026/06/30/garment-export-earnings-fall-4-8-in-first-five-months-despite-may-rebound/) - Sri Lanka’s garment and textile export earnings declined by 4.84 percent during the first five months of 2026 compared to the corresponding period last year, although the sector recorded a strong recovery in May, according to the Export Development Board (EDB). EDB data showed that export revenue from garments and textiles fell to US$ 2,033.39
- [AA representative at FIA Extra Ordinary General Assembly in Macau](https://economictimes.lk/index.php/2026/06/30/aa-representative-at-fia-extra-ordinary-general-assembly-in-macau/) - Federation Internationale de L’ Automobile (FIA) which is the World Largest Mobility and Sports Organisation in Geneva Switzerland, who has membership of 245 Clubs from 149 Countries held its Extra Ordinary General Assembly hosted by The General Association Macau China recently. Delegation of the Executive Committee members of the Automobile Association of Ceylon also represented
- [‘Kotagala Kahata Rasa Wasana 2025’ awards winners with TVS Scooty motorcycles](https://economictimes.lk/index.php/2026/06/30/kotagala-kahata-rasa-wasana-2025-awards-winners-with-tvs-scooty-motorcycles/) - Kotagala Kahata concluded its much-anticipated ‘Rasa Wasana 2025’ consumer promotion with a prize-giving ceremony held recently at the Grand Oriental Hotel, Colombo. The event celebrated five winners, each of whom received TVS Scooty Pep motorcycles. The conclusion of the promotion marks yet another milestone in Kotagala Kahata’s ongoing commitment to recognising and rewarding consumer loyalty,
- [Tokyo Cement hosts ‘Build Beyond 2026 Summit’](https://economictimes.lk/index.php/2026/06/30/tokyo-cement-hosts-build-beyond-2026-summit/) - Tokyo Cement hosted ‘Build Beyond 2026 Summit’, a premier knowledge-sharing conference that brought together leading academics, civil and structural engineering experts and professionals of the Sri Lankan construction industry. The event featured keynote addresses by renowned construction technology specialists, Professor Shashank Bishnoi from the Indian Institute of Technology (IIT) Delhi-Abu Dhabi and Senior Professor Priyan
- [Asia Asset Finance announces Rs. 1.5 Bn Rights Issue](https://economictimes.lk/index.php/2026/06/26/asia-asset-finance-announces-rs-1-5-bn-rights-issue/) - Asia Asset Finance PLC has announced a Rs. 1.5 billion Rights Issue, marking a step towards strengthening its capital position and accelerating the company’s next phase of growth. In a disclosure to the Colombo Stock Exchange, the company stated that its Board of Directors, at a meeting held on 10th June 2026, resolved to recommend
- [Vietjet opens bookings for first-ever direct flights between Sri Lanka and Vietnam](https://economictimes.lk/index.php/2026/06/26/vietjet-opens-bookings-for-first-ever-direct-flights-between-sri-lanka-and-vietnam/) - Vietjet has opened bookings with special launch fares for its new Colombo–Ho Chi Minh City route, scheduled to commence on August 18. The service will be the first scheduled direct air connection between Sri Lanka and Vietnam, further strengthening tourism, business and cultural ties between the two countries. To celebrate the new route, Vietjet is
- [Sri Lanka Apparel exports rise nearly 8% in May as US demand rebounds](https://economictimes.lk/index.php/2026/06/26/sri-lanka-apparel-exports-rise-nearly-8-in-may-as-us-demand-rebounds/) - Sri Lanka’s apparel and textile exports recorded their strongest monthly performance of the year in May 2026, rising 7.96 percent year-on-year to US$394.14 million, driven largely by a sharp recovery in demand from the United States. According to industry data, exports to the US climbed 15.36 percent to US$149.96 million during the month, underscoring renewed
- [Senok delivers Foton double cab fleet to NEM Constructions](https://economictimes.lk/index.php/2026/06/26/senok-delivers-foton-double-cab-fleet-to-nem-constructions/) - Senok Trade Combine (Pvt) Ltd, recently handed over a fleet of Foton Tunland G7 Double Cab vehicles to NEM Construction, further strengthening its partnership with Sri Lanka’s growing construction and infrastructure sector. The vehicles were assembled locally at Western Automobile Assembly (WAA) facility in Kurunegala, demonstrating Senok’s commitment to supporting local manufacturing and delivering internationally
- [Sri Lanka’s exports top US$ 7.3 Bn in first 5 months of 2026](https://economictimes.lk/index.php/2026/06/26/sri-lankas-exports-top-us-7-3-bn-in-first-5-months-of-2026/) - Sri Lanka’s export sector maintained strong growth momentum during the first five months of 2026, with total export earnings exceeding US$7.3 billion, underlining the resilience of the country’s external sector and strengthening prospects for export-led economic growth. According to the Export Development Board (EDB), combined merchandise and services exports reached an estimated US$7.39 billion between
- [Sri Lanka–Malaysia Business Council conducts MFTH awareness programme](https://economictimes.lk/index.php/2026/06/25/sri-lanka-malaysia-business-council-conducts-mfth-awareness-programme/) - The Sri Lanka–Malaysia Business Council (SLMBC) of The Ceylon Chamber of Commerce conducted a two-day Muslim-Friendly Tourism and Hospitality (MFTH) Awareness Programme, conducted in collaboration with the Islamic Tourism Centre under the Ministry of Tourism, Arts and Culture Malaysia held in Colombo recenty. The programme brought together stakeholders from Sri Lanka’s tourism and hospitality sector
- [Food Studio strengthens presence at Colombo City Centre](https://economictimes.lk/index.php/2026/06/25/food-studio-strengthens-presence-at-colombo-city-centre/) - Food Studio has strengthened its presence at Colombo City Centre (CCC) with a refreshed line-up of five culinary concepts at CCC’s Dining Gallery, marking an important new chapter in the company’s growth journey and the continued evolution of Colombo’s dining landscape. The opening reflects Food Studio’s continued commitment to creating dining experiences that combine quality,
- [McLarens Lubricants shines at ExxonMobil SAO Awards in Shanghai](https://economictimes.lk/index.php/2026/06/25/mclarens-lubricants-shines-at-exxonmobil-sao-awards-in-shanghai/) - McLarens Lubricants Limited, the authorised distributor for Mobil Lubricants in Sri Lanka, was honoured with the Brand Execution Award 2026, recognising excellence in brand execution across the region, at the ExxonMobil SAO (South East Asia, Alliance and Oceania, at Distributor Conference held in Shanghai. ExxonMobil, one of the world’s largest publicly traded energy and petrochemical
- [ITC Ratnadipa presents Dim Sum experience at Yi Jing](https://economictimes.lk/index.php/2026/06/25/itc-ratnadipa-presents-dim-sum-experience-at-yi-jing/) - Yi Jing at ITC Ratnadipa introduces Dim Sum & Co., a first-of-its-kind curated series of dim sum in Colombo, running from June 26 to July 5. The limited-time dining series features a newly curated selection of handcrafted dim sum, served for lunch and dinner, paired with signature cocktails designed to complement each dish. The beverage
- [Sri Lanka Society of Hypertension Launch Hypertension Summit 2026](https://economictimes.lk/index.php/2026/06/25/sri-lanka-society-of-hypertension-launch-hypertension-summit-2026/) - “Know Your Numbers, Control Your Pressure, Protect Your Future” The Hypertension Society of Sri Lanka,has announced Hypertension Summit 2026 in collaboration with Sri Lanka College of Internal Medicine at a media conference held to raise public awareness of the growing burden of hypertension and the importance of early detection, regular screening, and timely treatment. To
- [D P Logistics renamed as David Pieris Logistics with the regional expansion plans into Asian & the Middle Eastern markets](https://economictimes.lk/index.php/2026/06/24/d-p-logistics-renamed-as-david-pieris-logistics-with-the-regional-expansion-plans-into-asian-the-middle-eastern-markets/) - David Pieris Group is pleased to announce that D P Logistics (Private) Limited has officially changed its name to David Pieris Logistics (Private) Limited (DPL), marking a significant milestone in the company’s continued growth and integration within the Group’s expanding logistics portfolio. The name change reflects the company’s strengthened identity under the David Pieris Group
- [Teejay Group Navigates Industry Headwinds with Financial Strength and Strategic Focus](https://economictimes.lk/index.php/2026/06/24/teejay-group-navigates-industry-headwinds-with-financial-strength-and-strategic-focus/) - The Teejay Group recorded revenue of LKR 60.04 billion during the period, reflecting a 10% year-on-year decline, primarily due to continued softness in global textile demand. This performance was largely impacted by reciprocal tariffs imposed by the United States, intensified pricing pressures across key markets, and the resulting decline in volumes, all of which collectively
- [IRD moves to widen tax net as revenue collection reaches half-year target](https://economictimes.lk/index.php/2026/06/24/ird-moves-to-widen-tax-net-as-revenue-collection-reaches-half-year-target/) - The Inland Revenue Department (IRD) has introduced several amendments to the country’s tax administration framework aimed at identifying individuals liable to pay taxes and broadening Sri Lanka’s tax base, Commissioner General of Inland Revenue Rukdevi Fernando said. Addressing the inaugural session of a special media workshop on the amendments introduced under the Inland Revenue (Amendment)
- [NCE warns unresolved bottlenecks could hamper Lanka’s US$ 36 Bn export goal](https://economictimes.lk/index.php/2026/06/24/nce-warns-unresolved-bottlenecks-could-hamper-lankas-us-36-bn-export-goal/) - As Sri Lanka pursues an ambitious target of US$ 36 billion in export earnings by 2030, exporters are urging authorities to address a series of long-standing regulatory, operational and policy issues that affect competitiveness across several sectors identified as priorities for the country’s export growth agenda. The National Chamber of Exporters of Sri Lanka (NCE)
- [SLAAQP hosts National Convention on Quality and Productivity](https://economictimes.lk/index.php/2026/06/24/slaaqp-hosts-national-convention-on-quality-and-productivity-2/) - The Sri Lanka Association for the Advancement of Quality and Productivity (SLAAQP) hosted the National Convention on Quality and Productivity (NCQP) 2026 on June 17, at the Mount Lavinia Hotel, Colombo. The event brought together over 2,000 delegates from more than 100 organisations, making it the largest edition of the convention to date. Held under
- [BCAS Campus launches partnership with London South Bank University](https://economictimes.lk/index.php/2026/06/24/bcas-campus-launches-partnership-with-london-south-bank-university/) - BCAS Campus launched its academic partnership with London South Bank University (LSBU), United Kingdom, at a special launch and media event held on June 15, 2026 in Colombo. The partnership marks a significant milestone in BCAS Campus’ continued efforts to expand access to internationally recognised British higher education opportunities for students ín Sri Lanka. Through
- [Seylan Bank signs MoU with Sathosa Motors to offer leasing facility for ISUZU vehicles](https://economictimes.lk/index.php/2026/06/24/seylan-bank-signs-mou-with-sathosa-motors-to-offer-leasing-facility-for-isuzu-vehicles/) - Seylan Bank PLC has entered a strategic partnership with Sathosa Motors PLC (SML), a longstanding name in ISUZU vehicle imports in Sri Lanka, to introduce a dedicated leasing facility for customers purchasing commercial and passenger vehicles. Formalised through a Memorandum of Understanding (MoU), the collaboration aims to provide customers with improved access to financing solutions,
- [Assetline Insurance Brokers and Toyota Lanka partner to enhance customer protection and convenience](https://economictimes.lk/index.php/2026/06/23/assetline-insurance-brokers-and-toyota-lanka-partner-to-enhance-customer-protection-and-convenience/) - Assetline Insurance Brokers (Pvt) Ltd (AIBL), the insurance arm of the David Pieris Group and one of Sri Lanka’s leading insurance brokering companies, has entered into a strategic partnership with Toyota Lanka (Private) Limited through the signing of a Memorandum of Understanding (MoU), aimed at delivering enhanced value, convenience and comprehensive insurance solutions to customers
- [DIMO Marks the Successful Conclusion of the 32nd MercedesTrophy Sri Lanka 2026, Celebrating 140 Years of Mercedes-Benz Excellence and Enduring Customer Relationships](https://economictimes.lk/index.php/2026/06/23/dimo-marks-the-successful-conclusion-of-the-32nd-mercedestrophy-sri-lanka-2026-celebrating-140-years-of-mercedes-benz-excellence-and-enduring-customer-relationships/) - DIMO, the only authorised agent for Mercedes-Benz in Sri Lanka with 85+ years of Authority in Automotive Excellence, successfully concluded the 32nd MercedesTrophy Sri Lanka 2026, held from 5th to 7th June in Nuwara Eliya. Bringing together Mercedes-Benz customers from across the country, the prestigious tournament once again reinforced its position as the most exclusive
- [Govt aspires 5x growth in digital economy targeting USD 15 Bn by 2030](https://economictimes.lk/index.php/2026/06/23/govt-aspires-5x-growth-in-digital-economy-targeting-usd-15-bn-by-2030/) - The government aims for a multi-cloud hybrid system, integrating public and resident cloud infrastructures to drive the digital economy, Dr. Hans Wijayasuriya, Chief Advisor to the President on Digital Economy told the Grounded Sovereign Cloud Symposium 2026 held in Colombo on June 17. Sri Lanka aspires a 5x growth in its digital economy from around
- [Seylan Bank introduces ‘Seylan Athwela’ to strengthen agriculture sector](https://economictimes.lk/index.php/2026/06/23/seylan-bank-introduces-seylan-athwela-to-strengthen-agriculture-sector/) - Seylan Bank, in collaboration with the Department of Development Finance, has introduced ‘Seylan Athwela’, a concessionary financing initiative designed to strengthen Sri Lanka’s agriculture sector by improving access to affordable funding for farmers, agribusinesses, and agriculture-related enterprises. As a bank committed to enabling growth across key sectors of the economy, Seylan Bank aims to support
- [Keells Nexus brings everyday rewards to customers](https://economictimes.lk/index.php/2026/06/23/keells-nexus-brings-everyday-rewards-to-customers/) - Keells Nexus has begun to play a more meaningful role, with a 25-year legacy in Sri Lanka’s loyalty landscape and over two million registered members, Nexus has grown beyond a traditional rewards programme into a platform that connects shopping, savings and engagement in a more immediate way. Its recent evolution into the Nexus app reflects
- [Prima KottuMee among Lanka’s ‘LMD Reader’s Choice Most Loved Brands’](https://economictimes.lk/index.php/2026/06/23/prima-kottumee-among-lankas-lmd-readers-choice-most-loved-brands/) - Prima KottuMee continues to strengthen its position as one of Sri Lanka’s most beloved brands, securing a top three spot in the Packaged Foods – Pantry Items category in the LMD Reader’s Choice Most Loved Brands rankings. The recognition is a testament to the brand’s vibrant identity, innovative spirit and enduring appeal among consumers, particularly
- [Gestetner of Ceylon, MAXHUB unite to bring world-class collaborative technology to SL](https://economictimes.lk/index.php/2026/06/23/gestetner-of-ceylon-maxhub-unite-to-bring-world-class-collaborative-technology-to-sl/) - Gestetner of Ceylon PLC (GOC), one of Sri Lanka’s most trusted technology distribution companies, has announced its appointment as the Authorized Distribution Partner for MAXHUB in Sri Lanka, a move widely regarded as a landmark development in the country’s smart workspacetechnology landscape. MAXHUB, a globally recognized leader in collaborative display technology and intelligent workplace solutions,
- [DFCC Bank relocates Ratnapura Branch](https://economictimes.lk/index.php/2026/06/22/dfcc-bank-relocates-ratnapura-branch/) - DFCC Bank has relocated its Ratnapura Branch to a new premises at Main Street, Ratnapura, offering customers a more accessible, spacious, and convenient banking environment. The relocation reflects DFCC Bank’s continued investment in creating banking experiences that are simpler, more comfortable and better aligned with evolving customer expectations. Strategically located within Ratnapura’s commercial centre, the
- [Hayleys Mobility Expands Presence in Anuradhapura](https://economictimes.lk/index.php/2026/06/22/hayleys-mobility-expands-presence-in-anuradhapura/) - Hayleys Mobility has expanded its footprint in Anuradhapura with the opening of a new authorised sales partner showroom, in partnership with CarSwitch (Pvt) Ltd., further expanding access to its growing portfolio of globally recognised automotive brands, including JAECOO & OMODA, KAIYI, and SRM, now even closer to customers in the region. As part of its
- [Gazette notification to prevent illegal outflow of foreign exchange](https://economictimes.lk/index.php/2026/06/22/gazette-notification-to-prevent-illegal-outflow-of-foreign-exchange/) - The Department of Import and Export Control has issued a gazette notification to prevent the illegal outflow of foreign exchange from the country. Accordingly, the President, in his capacity as the Minister of Monetary Planning and Economic Development, issued a gazette notification containing new regulatory measures effective from last Friday (19th) to effectively monitor foreign
- [Sri Lanka economy maintains growth momentum](https://economictimes.lk/index.php/2026/06/22/sri-lanka-economy-maintains-growth-momentum/) - Sri Lanka’s economy maintained its growth trajectory in the first quarter of 2026, with agriculture, industry and services sectors recording broad-based expansion, while improved fiscal indicators and rising stock market indices underscored strengthening economic conditions, according to the latest weekly highlights released by the Central Bank of Sri Lanka (CBSL). The economy expanded by 5.1
- [Marlbo Trading introduces Holmatro Rescue solutions for emergency response](https://economictimes.lk/index.php/2026/06/22/marlbo-trading-introduces-holmatro-rescue-solutions-for-emergency-response/) - Marlbo Trading Company has announced the introduction of Holmatro Rescue, a globally recognised leader in rescue equipment and emergency response solutions from the Netherlands, to enhance rescue operations and emergency preparedness in Sri Lanka. The company has also been appointed as the official agent in Sri Lanka for Holmatro Rescue solutions. Chairman of Marlbo Trading
- [SLICGL honoured as Lanka’s No. 1 ‘Most Loved General Insurance Brand’](https://economictimes.lk/index.php/2026/06/22/slicgl-honoured-as-lankas-no-1-most-loved-general-insurance-brand/) - Sri Lanka Insurance Corporation General Limited (SLICGL), the nation’s trusted leader in general insurance, has been recognised as Sri Lanka’s No. 1 Most Loved General Insurance Brand in 2026. The honour, awarded by LMD – The Voice of Business, demonstrates the deep trust, confidence and lasting relationships customers continue to place in SLICGL. It is
- [Redington and IBM Bring Together Sri Lanka’s Enterprise Leaders at Innovation Forum 2026 to Accelerate AI-Driven Transformation](https://economictimes.lk/index.php/2026/06/19/redington-and-ibm-bring-together-sri-lankas-enterprise-leaders-at-innovation-forum-2026-to-accelerate-ai-driven-transformation/) - Flagship forum highlights the role of secure AI, ecosystem collaboration, and enterprise innovation in advancing Sri Lanka’s digital economy Colombo, Sri Lanka, June 2026: Redington, in collaboration with IBM, successfully hosted the IBM Innovation Forum Sri Lanka 2026 on June 5 at The Studio, Cinnamon Life City of Dreams, bringing together senior business leaders, technology
- [NH Bentota Ceysands continues to elevate coastal hospitality under the leadership of Anil Chavan](https://economictimes.lk/index.php/2026/06/19/nh-bentota-ceysands-continues-to-elevate-coastal-hospitality-under-the-leadership-of-anil-chavan/) - Bentota, Sri Lanka – Set between the tranquil waters of the Bentota River and the golden shores of the Indian Ocean, NH Bentota Ceysands Resort offers a distinctive coastal escape where relaxation, adventure, and warm hospitality come together in a truly unique setting. Beginning with a unique ferry transfer experience across the river, the resort
- [Sri Lanka-China Relations “Beyond Commerce”: Peking University Delegation Conducts In-Depth Research on Bilateral Cooperation in Colombo](https://economictimes.lk/index.php/2026/06/19/sri-lanka-china-relations-beyond-commerce-peking-university-delegation-conducts-in-depth-research-on-bilateral-cooperation-in-colombo/) - A delegation led by Prof. Wang Weijia, Director of the Research Centre for Global Governance and International Communication at the Institute of Area Studies and Dean of the Institute of International Communication at Peking University, China, conducted a series of high-level research interviews in Colombo recently. During their visit, the delegation met with several government
- [Joseph Fraser Hospital Highlights Expertise in High-Risk Maternal Care](https://economictimes.lk/index.php/2026/06/19/joseph-fraser-hospital-highlights-expertise-in-high-risk-maternal-care/) - As part of its Art of Healing series, Joseph Fraser Hospital highlights the expertise and advanced medical infrastructure that support safe motherhood and positive birth outcomes. With a fully equipped Neonatal Intensive Care Unit (NICU), High Dependency Unit (HDU), modern labour suites, upgraded operating theatres, blood bank, and laboratory services, the hospital is well-equipped to manage complex
- [NeenOpal partners Amazon Web Services to host AI Catalyst Symposium](https://economictimes.lk/index.php/2026/06/19/neenopal-partners-amazon-web-services-to-host-ai-catalyst-symposium/) - NeenOpal, in partnership with Amazon Web Services (AWS), hosted the AI Catalyst Symposium Sri Lanka 2026, bringing together business leaders, technology executives and AI practitioners to explore how organisations can move beyond AI experimentation and achieve measurable business outcomes. Held under the theme ‘From AI Ambition to AI Execution’, the symposium addressed one of the
- [Ads Store conducts seminar ‘Reset the Brain’](https://economictimes.lk/index.php/2026/06/19/ads-store-conducts-seminar-reset-the-brain/) - In an unprecedented event for Sri Lanka’s corporate landscape, Ads Store welcomes the globally celebrated organisational culture authority and leadership strategist, Arthur Carmazzi, to Colombo. He will be conducting ‘Reset the Brain’, an immersive leadership, team and cultural alignment seminar crafted exclusively for CEOs, Managing Directors, Department Heads, HR executives, entrepreneurs and business leaders. As
- [Top-performing Divisional Secretariats recognised](https://economictimes.lk/index.php/2026/06/19/top-performing-divisional-secretariats-recognised/) - The National Productivity Secretariat recognized the 50 top-performing Divisional Secretariats in 2025 as per the Divisional Productivity Index 1.0, and launched the Divisional Productivity Index 1.0 (2025) on Tuesday (16). The Divisional Productivity Index 1.0 was implemented through the digital application “Citizen Mirror” on a voluntary basis, achieving an 84% participation rate island-wide. Based on
- [Growth-oriented reforms vital to build further economic resilience](https://economictimes.lk/index.php/2026/06/19/growth-oriented-reforms-vital-to-build-further-economic-resilience/) - ADB remains committed to supporting Sri Lanka’s broader trade, investment, and industry reform agenda through policy-based lending, technical assistance, analytical work, policy dialogue, and capacity building, Shannon Cowlin , Country Director, Asian Development Bank said addressing the National Export Development Plan (NEDP) launch in Colombo on Tuesday.(16) Cowlin also assured support for Sri Lanka’s broader
- [SEC intensifies efforts to encourage more private companies](https://economictimes.lk/index.php/2026/06/18/sec-intensifies-efforts-to-encourage-more-private-companies/) - Sri Lanka’s capital market regulator unveiled an ambitious reform agenda in 2025, as the country’s economic recovery gained momentum and investor confidence strengthened, according to Securities and Exchange Commission (SEC) Chairman Senior Prof. Hareendra Dissabandara. In his review of the SEC’s 2025 Annual Report, Dissabandara said Sri Lanka’s economy expanded by 5% during the year, supported
- [Ceylinco Life’s ‘Family Savari 19’ winners complete China tour](https://economictimes.lk/index.php/2026/06/18/ceylinco-lifes-family-savari-19-winners-complete-china-tour/) - The winners of the grand prize of the 19th edition of Ceylinco Life’s flagship ‘Family Savari’ mega promotion have returned from an immersive and memorable tour of Beijing, experiencing some of China’s most iconic landmarks and cultural highlights. The all-expenses-paid tour brought together five winning families, a total of 20 participants, for a curated journey
- [HNB and IESL sign MoU to extend financial benefits to Lanka’s engineering professionals](https://economictimes.lk/index.php/2026/06/18/hnb-and-iesl-sign-mou-to-extend-financial-benefits-to-lankas-engineering-professionals/) - HNB PLC, has signed a Memorandum of Understanding (MoU) with the Institution of Engineers Sri Lanka (IESL) on May 20, at HNB Towers, establishing a formal partnership to extend a suite of exclusive financial benefits to IESL’s membership base of over 25,000 engineering professionals across the country. Under the arrangement, IESL members will have access
- [Sri Lanka on trajectory of 7% growth- Dr Anil Jayantha](https://economictimes.lk/index.php/2026/06/18/sri-lanka-on-trajectory-of-7-growth-dr-anil-jayantha/) - The first quarter 2026 has reported a growth rate of 5.1% and the county is on a trajectory of 7% growth with inclusive and sustainable objectives, Dr. Anil Jayantha Fernando, Minister of Labour and Deputy Minister of Finance & Planning said delivering the keynote address at the National Export Development Plan 2026 – 2030 launch
- [India, Sri Lanka push for ‘Rupee-to-Rupee’ trade settlement to strengthen economic ties](https://economictimes.lk/index.php/2026/06/18/india-sri-lanka-push-for-rupee-to-rupee-trade-settlement-to-strengthen-economic-ties/) - India and Sri Lanka are exploring greater use of local currencies in bilateral trade as part of efforts to deepen economic integration, reduce transaction costs and enhance the resilience of cross-border commerce. The initiative was discussed at a high-level roundtable titled “Rupee to Rupee: Strengthening India-Sri Lanka Commercial Corridor”, hosted by the High Commission of
- [Rocell hosts “Imperium 2026” to celebrate Growth, Innovation, and Excellence](https://economictimes.lk/index.php/2026/06/17/rocell-hosts-imperium-2026-to-celebrate-growth-innovation-and-excellence/) - The spirit of achievement, innovation, and collaboration took centre stage as Rocell hosted Imperium 2026 – the Sales Kick-off and Awards, on 6th June at the Lumina Ballroom, Cinnamon Life. Bringing together sales teams from across the island, the event provided an opportunity to celebrate milestones, share knowledge, and look ahead to the future. Reflecting
- [Sri Lanka moves toward virtual asset regulation with joint awareness initiative](https://economictimes.lk/index.php/2026/06/17/sri-lanka-moves-toward-virtual-asset-regulation-with-joint-awareness-initiative/) - In a significant step toward establishing a regulatory framework for virtual assets in Sri Lanka, the Ministry of Digital Economy and the Securities and Exchange Commission of Sri Lanka (SEC) jointly conducted a special awareness session on digital assets on Sunday under the theme ‘Let’s Join Together for a Safer Digital Future’. Held under the
- [Seylan Bank relocates Boralesgamuwa branch](https://economictimes.lk/index.php/2026/06/17/seylan-bank-relocates-boralesgamuwa-branch/) - Seylan Bank recently opened its relocated Boralesgamuwa branch at Colombo Road, Boralesgamuwa. The opening ceremony was graced by Ranil Dissanayake, the Bank’s Chief Operating Officer, the Boralesgamuwa team and members of the community. First opened as the 34th branch of the network in 1993, the Boralesgamuwa chapter of Seylan Bank has played a pivotal role
- [SLAAQP hosts National Convention on Quality and Productivity](https://economictimes.lk/index.php/2026/06/17/slaaqp-hosts-national-convention-on-quality-and-productivity/) - The Sri Lanka Association for the Advancement of Quality and Productivity (SLAAQP) will host the National Convention on Quality and Productivity (NCQP), at the Mount Lavinia Hotel, Colombo, bringing together more than 2,000 delegates for what is set to be the largest edition of the convention to date. The event will showcase the achievements of
- [National Export Development Plan launch today](https://economictimes.lk/index.php/2026/06/17/national-export-development-plan-launch-today/) - Sri Lanka will today officially launch its National Export Development Plan (NEDP) 2026–2030, a comprehensive strategy aimed at transforming the country’s export sector and achieving an ambitious export earnings target of US$ 30 billion by 2030. The plan, formulated by the Sri Lanka Export Development Board (EDB) under the guidance of the Ministry of Industry
- [Sri Lanka well positioned to contribute to greater connectivity](https://economictimes.lk/index.php/2026/06/17/sri-lanka-well-positioned-to-contribute-to-greater-connectivity/) - Sri Lanka strongly supports the vision of building a community with a shared future based on the principles of mutual respect, peaceful coexistence, inclusiveness and win-win cooperation, Arun Hemachandra, Deputy Minister of Foreign Affairs and Foreign Employment told the 7th China South Asia Cooperation Forum held in Kunming, Yunnan Province from June 11-12. He said
- [JOINT MEDIA RELEASE](https://economictimes.lk/index.php/2026/06/16/joint-media-release/) - This is a joint media release between the Australian Border Force and Sri Lanka Coast Guard. Australia and Sri Lanka strengthen maritime security partnership for third consecutive year through Disi Rela 2026 The Australian Border Force and Sri Lanka Coast Guard have launched Disi Rela 2026, marking the third consecutive year of the joint maritime
- [Nations Trust Bank reaffirms commitment to biodiversity by renewing partnership with WNPS](https://economictimes.lk/index.php/2026/06/17/nations-trust-bank-reaffirms-commitment-to-biodiversity-by-renewing-partnership-with-wnps/) - Nations Trust Bank recently renewed its longstanding partnership with the Wildlife and Nature Protection Society (WNPS), continuing support of the organisations monthly public lecture series. The renewal reaffirms the Bank’s deep commitment to environmental stewardship and biodiversity conservation. As one of the key sustainability initiatives for the Bank, the partnership, supports a series of free
- [Tea auction volumes rise as strong rupee weighs on high-grown prices](https://economictimes.lk/index.php/2026/06/16/tea-auction-volumes-rise-as-strong-rupee-weighs-on-high-grown-prices/) - Sri Lanka’s tea auction offerings increased further this week, reaching 6.4 million kilogrammes, with Low and Mid Grown leafy and semi-leafy teas continuing to attract healthy demand and satisfactory prices despite emerging market challenges. Market analysts said High and Mid Grown Orthodox Rotovane BOP and BOPF grades came under pressure as sentiment turned bearish towards
- [NCCSL to host seminar on ‘Data Protection & Privacy: Safeguarding Businesses in the Digital Era’](https://economictimes.lk/index.php/2026/06/16/nccsl-to-host-seminar-on-data-protection-privacy-safeguarding-businesses-in-the-digital-era/) - The National Chamber of Commerce of Sri Lanka (NCCSL) will host a timely and insightful seminar titled ‘Data Protection & Privacy: Safeguarding Businesses in the Digital Era’ on June 18, at the National Chamber of Commerce Auditorium, Colombo 10. with the objective of enhancing awareness among businesses on emerging cyber risks, data protection requirements, and
- [People’s Bank opens ATMs at Jaffna Teaching Hospital and UDA](https://economictimes.lk/index.php/2026/06/16/peoples-bank-opens-atms-at-jaffna-teaching-hospital-and-uda/) - People’s Bank recently opened two new Automated Teller Machines (ATMs) at the premises of Jaffna Teaching Hospital and the Urban Development Authority in Jaffna. The newly installed ATMs provide customers with convenient access to banking services, enabling cash withdrawals 24 hours a day, seven days a week, throughout the year. The opening ceremonies were attended
- [Pussalla Organic Cinnamon achieves EU and USDA organic certification](https://economictimes.lk/index.php/2026/06/16/pussalla-organic-cinnamon-achieves-eu-and-usda-organic-certification/) - Pussalla Agri Ventures has achieved a significant milestone in its organic transformation journey being awarded EU Organic and USDA Organic certifications for its premium Ceylon cinnamon products. The certifications were conferred on June 11, at Control Union Sri Lanka, marking a major step forward in the company’s ambition to enter high-value international markets. The recognition
- [Deepal S05 REEV with driving range of over 1,200 km launched in SL](https://economictimes.lk/index.php/2026/06/16/deepal-s05-reev-with-driving-range-of-over-1200-km-launched-in-sl/) - Designed to address one of the key concerns of Sri Lankan motorists-long-distance travel-the S05 REEV was launched in Colombo offering the benefits of electric vehicle driving while providing an impressive combined driving range of over 1,200 km. The all-new Deepal S05 REEV launch marks another significant milestone in Sri Lanka’s rapidly evolving new energy vehicle
- [Moves to expand cooperation in trade and investment with Viet Nam](https://economictimes.lk/index.php/2026/06/15/moves-to-expand-cooperation-in-trade-and-investment-with-viet-nam/) - Deputy Minister of Foreign Affairs Arun Hemachandra had a meeting with Deputy Minister of Industry and Trade of Viet Nam, Nguyen Sinh Nhat Tan, at the Consulate of Viet Nam in Kunming, Yunnan, China recently. The discussion focused on further strengthening Sri Lanka–Viet Nam relations, especially in the context of the recent high level visits
- [Experience a Culinary Journey with NH Collection Colombo](https://economictimes.lk/index.php/2026/06/15/experience-a-culinary-journey-with-nh-collection-colombo/) - NH Collection Colombo, one of the city's leading five-star hotels, offers an array of dining experiences that bring together diverse cuisines, distinctive venues, and memorable moments in the heart of the capital. Guiding these experiences is Executive Chef Priyantha Vithanage, whose extensive industry experience and passion for innovation continue to shape the hotel's gastronomic offerings.
- [Sea Master Group invests Rs 500 Mn in second Integrated Logistics Centre](https://economictimes.lk/index.php/2026/06/15/sea-master-group-invests-rs-500-mn-in-second-integrated-logistics-centre/) - Sea Master Group inaugurated its second Integrated Logistics Centre (ILC) on Thursday (11), in Hendala, Wattala, strengthening Sri Lanka’s logistics infrastructure and reinforcing its vision of becoming a regional logistics hub. The facility is strategically located just 8 to 9 kilometres from the Port of Colombo, offering customers faster and more efficient access to port-related
- [Tokyo Cement marks World Environment Day with Mangrove Conservation project](https://economictimes.lk/index.php/2026/06/15/tokyo-cement-marks-world-environment-day-with-mangrove-conservation-project/) - The Tokyo Cement Mangrove Conservation Project has reached a significant milestone with the planting of 100,000 mangrove saplings along Sri Lanka’s coastline, marking a meaningful contribution on World Environment Day. This achievement reflects the long-standing collaboration between Tokyo Cement, the Sri Lanka Navy, local fishing communities, and likeminded conservation groups. The Tokyo Cement mangrove restoration
- [‘Scan Jumbo Bonanza’ rewards winners with Mountain Bicycles](https://economictimes.lk/index.php/2026/06/15/scan-jumbo-bonanza-rewards-winners-with-mountain-bicycles/) - Scan Jumbo Peanut concluded the 9th edition of the much-awaited ‘Scan Jumbo Bonanza’ consumer promotion, rewarding 50 lucky winners at a celebration held on June 10, at the Grand Oriental Hotel. Organised by the Scan Products Division of C.W. Mackie PLC, the event was attended by winners from different parts of the country together with
- [National SME Revival Programme by SLCSMI and NCCSL](https://economictimes.lk/index.php/2026/06/15/national-sme-revival-programme-by-slcsmi-and-nccsl/) - The Sri Lanka Chamber of Small and Medium Industries (SLCSMI) and the National Chamber of Commerce of Sri Lanka (NCCSL) have jointly announced the National SME Revival Programme, a forum dedicated to identifying practical challenges, opportunities and strategic pathways for the growth and sustainability of micro, small and medium enterprises (MSMEs) across Sri Lanka. The
- [Classic Travel Joins Cinnamon Hotels to Bring a Taste of Greece with Chef Theo Michaels](https://economictimes.lk/index.php/2026/06/15/classic-travel-joins-cinnamon-hotels-to-bring-a-taste-of-greece-with-chef-theo-michaels/) - Classic Travel has partnered with Cinnamon Hotels & Resorts as the Official Travel Partner for the exclusive culinary showcase featuring internationally acclaimed chef, author, and television personality Theo Michaels. Hosted at Cinnamon Grand Colombo, until the 14th of June 2026, the event brings vibrant flavours and traditions of Greek cuisine to Sri Lanka through a specially curated dining
- [Toyota Lanka Drives a New Era of After Sales Excellence, Reinforcing a Legacy of Trust](https://economictimes.lk/index.php/2026/06/11/toyota-lanka-drives-a-new-era-of-after-sales-excellence-reinforcing-a-legacy-of-trust/) - Toyota Lanka continues to shape the future of automotive ownership in Sri Lanka through a commitment to excellence, innovation, and customer care. Yet, our story has never been defined solely by vehicles. It has been shaped by the people who drive them, the families who rely on them, and the trust that has connected generations
- [SLITHM, CACTA sign MoU to strengthen tourism and hospitality education between Sri Lanka and China](https://economictimes.lk/index.php/2026/06/11/slithm-cacta-sign-mou-to-strengthen-tourism-and-hospitality-education-between-sri-lanka-and-china/) - The Sri Lanka Institute of Tourism and Hotel Management (SLITHM), the apex government institution for tourism and hospitality education operating under the Ministry of Foreign Affairs, Foreign Employment and Tourism, marked a significant milestone on June 8, with the signing of a Memorandum of Understanding (MoU) with the Central Academy of Culture and Tourism Administration
- [Sri Lanka reaffirms commitment to decent work and social justice at ILC](https://economictimes.lk/index.php/2026/06/11/sri-lanka-reaffirms-commitment-to-decent-work-and-social-justice-at-ilc/) - Sri Lanka has reaffirmed its commitment to promoting decent work, strengthening labour rights, and enhancing social protection during the 114th Session of the International Labour Conference currently underway in Geneva, Switzerland. Minister of Labour and Deputy Minister of Finance and Planning Dr. Anil Jayantha Fernando, who is attending the conference from June 1 to 12,
- [Sri Lanka, Japan strengthen investment dialogue through business environment committee](https://economictimes.lk/index.php/2026/06/11/sri-lanka-japan-strengthen-investment-dialogue-through-business-environment-committee/) - Sri Lanka and Japan have reaffirmed their commitment to strengthening bilateral economic relations through structured engagement aimed at improving the investment climate and addressing investor concerns. The Board of Investment (BOI) of Sri Lanka convened the Fourth Working-Level Meeting of the Japan–Sri Lanka Committee on Business Environment on June 2 in Colombo in collaboration with
- [CDB and Micro Cars partner to accelerate enhanced vehicle accessibility](https://economictimes.lk/index.php/2026/06/11/cdb-and-micro-cars-partner-to-accelerate-enhanced-vehicle-accessibility/) - Citizens Development Business Finance PLC (CDB) signed a Memorandum of Understanding (MoU) with Micro Cars Ltd to introduce exclusive financial solutions customized specifically for Micro vehicles. This partnership is designed to enhance accessibility and convenience via customised financial solutions, flexible repayment tenors and exclusive insurance benefits through a simplified financing process for both personal and
- [Sampath Bank opens Colombo Port City Branch](https://economictimes.lk/index.php/2026/06/11/sampath-bank-opens-colombo-port-city-branch/) - Sampath Bank PLC marked a significant milestone in its growth journey with the official opening of its Colombo Port City Branch, reinforcing its commitment to supporting Sri Lanka’s emergence as a globally connected financial and investment destination. The opening ceremony was attended by Sampath Bank Board of Directors, Corporate Management, representatives of the Colombo Port
- [Realty Management Services brings facility management expertise to Dialog Axiata](https://economictimes.lk/index.php/2026/06/10/realty-management-services-brings-facility-management-expertise-to-dialog-axiata/) - Dialog Axiata PLC, one of Sri Lanka’s leading telecommunications service provider, has signed an agreement with Realty Management Services (Pvt) Ltd (RMS) to manage soft services at its head office and other key locations across the Colombo Metropolitan area. This marks the first time Dialog has outsourced its facility management services to a third-party service
- [Siyapatha Finance appoints two Independent Non-Executive Directors to its Board](https://economictimes.lk/index.php/2026/06/10/siyapatha-finance-appoints-two-independent-non-executive-directors-to-its-board/) - Siyapatha Finance PLC has appointed Deshal de Mel and Nishani De Zoysa as Independent Non-Executive Directors to its Board with effective from May 18. Deshal de Mel is a distinguished Sri Lankan economist and corporate professional with extensive experience in economic policy, financial markets and corporate governance. He has served as an Independent Non-Executive Director
- [Allianz Insurance Lanka partners Dedigama Group reaffirming customer convenience](https://economictimes.lk/index.php/2026/06/10/allianz-insurance-lanka-partners-dedigama-group-reaffirming-customer-convenience/) - Allianz Insurance Lanka Ltd., one of Sri Lanka’s leading insurers and a member of the global Allianz SE Group, has entered the next phase of its strategic partnership with Dedigama Group (Private) Limited, reaffirming its commitment to customer convenience, accessibility and choice. Following the signing of a Memorandum of Understanding (MoU) on March 12, dedicated
- [Celeste shifts to corporate governance with appointment of Roshanie J. Moraes](https://economictimes.lk/index.php/2026/06/10/celeste-shifts-to-corporate-governance-with-appointment-of-roshanie-j-moraes/) - Celeste, one of Sri Lanka’s fastest growing lifestyle and quick commerce brands, has announced a landmark step in its evolution with the appointment of veteran corporate leader Roshanie J. Moraes and a strategic transition toward a strengthened corporate governance structure. Since its inception six years ago, Celeste has built a strong reputation through its commitment
- [National Export Development Plan 2026-2030 to be launched on June 16](https://economictimes.lk/index.php/2026/06/10/national-export-development-plan-2026-2030-to-be-launched-on-june-16/) - The Sri Lanka Export Development Board (EDB), in collaboration with the Asian Development Bank (ADB), has successfully formulated the National Export Development Plan (NEDP) for the period 2026-2030, aimed at accelerating the country’s export-led economic growth. The plan, developed in line with the Government’s national vision, “Rich Country – Beautiful Life,” is expected to provide
- [New Investments Reinforce Colombo Port City’s Role as a Catalyst for Economic Growth](https://economictimes.lk/index.php/2026/06/09/new-investments-reinforce-colombo-port-citys-role-as-a-catalyst-for-economic-growth/) - Colombo Port City reached a significant milestone in its development as a leading regional business and investment destination, following Cabinet approval granted in April 2026 to 77 Businesses of Strategic Importance (BSIs) under the Regulations of the Colombo Port City Economic Commission Act. The approvals represent a major step forward in the growth of the
- [DIMO Facilitates Delivery of 134 TATA Xenon Yodha Cabs to the Sri Lanka Police](https://economictimes.lk/index.php/2026/06/09/dimo-facilitates-delivery-of-134-tata-xenon-yodha-cabs-to-the-sri-lanka-police/) - DIMO, the sole authorized distributor for TATA vehicles in Sri Lanka, successfully facilitated the delivery of 134 TATA Xenon Yodha cabs to the Sri Lanka Police, strengthening operational mobility and public service capabilities across the Northern Province. The official handover ceremony was held at the Presidential Secretariat under the patronage of His Excellency Anura Kumara
- [JAT Holdings records highest-ever revenue in FY25/26 and PBT increases despite external shocks](https://economictimes.lk/index.php/2026/06/09/jat-holdings-records-highest-ever-revenue-in-fy25-26-and-pbt-increases-despite-external-shocks/) - * The second phase of the acrylic binder plant expansion was completed, increasing capacity by 76%* Local sales increased by 12%, supported by the EV charger business and decorative paints segment* Gross profit increased by 21% year-on-year JAT Holdings PLC recorded its highest-ever annual revenue in FY25/26, with performance reflecting the continued strength of its
- [France committed helping Sri Lanka return to sustainable financial path – Ambassador](https://economictimes.lk/index.php/2026/06/09/france-committed-helping-sri-lanka-return-to-sustainable-financial-path-ambassador/) - Sri Lanka today is emerging from several crises which have challenged its modern history. The economic crisis, Ditwah and international challenges in the Strait of Hormuz. On all these issues, France has been alongside the Government of Sri Lanka, and stay, remain committed to the Government of Sri Lanka, Rémi Lambert, Ambassador of France to
- [31st National Bartenders competition enters semi-finals](https://economictimes.lk/index.php/2026/06/09/31st-national-bartenders-competition-enters-semi-finals/) - The 31st National Bartenders Competition (NBC) 2026 has concluded all six regional rounds, reaffirming its position as Sri Lanka’s premier platform for bartending excellence, professional development and hospitality industry advancement. Organised by the Sri Lanka Hospitality Graduates Association (SLHGA) in collaboration with the Sri Lanka Institute of Tourism & Hotel Management (SLITHM), and supported by
- [Hidden culinary from Mumbai arrives in Colombo](https://economictimes.lk/index.php/2026/06/09/hidden-culinary-from-mumbai-arrives-in-colombo/) - Shangri La Colombo invites guests to discover culinary treasure as renowned Indian chef and culinary educator Bimba Nayak along with Chef Gauri Nayak presents an exclusive Pathare Prabhudining experience at Central from June 4-7. For many, the words Bombil, Kolambi and Khadkhadle may sound unfamiliar. Yet within the Pathare Prabhu community one of Mumbai’s oldest and most historically significant
- [SL’s total export revenue focused to exceed US$ 18 Bn by end of 2026](https://economictimes.lk/index.php/2026/06/09/sls-total-export-revenue-focused-to-exceed-us-18-bn-by-end-of-2026/) - Manufacturing economy focused to increase from 16.2%, to 20% by 2030 Contribution of manufacturing economy focused to increase from 16.2% , to 20% by 2030 Contribution of entrepreneurs in the workforce focused to increase from 3.2%, to 10 % by 2030 The garment industry is the main contributor to Sri Lanka’s export earnings, and out
- [CAREER ONE (www.careerone.gov.lk) Digital Platform Enhances Public–Private Collaboration for Skills and Employment Development](https://economictimes.lk/index.php/2026/06/08/career-one-www-careerone-gov-lk-digital-platform-enhances-public-private-collaboration-for-skills-and-employment-development/) - nducted for the industries on Wednesday, 2 June 2026, bringing together key stakeholders in Sri Lanka’s Technical and Vocational Education and Training (TVET) sector. The event was held at Shangri-La, Colombo. The programme was organized under the KOICA-funded TVET Career Platform Project (2023–2026), which is implemented by UBION, a leading Korean EdTech company serving as
- [Commercial Bank extends operations to Port City Colombo](https://economictimes.lk/index.php/2026/06/08/commercial-bank-extends-operations-to-port-city-colombo/) - Reinforcing its commitment to support the nation’s next phase of economic transformation, Commercial Bank of Ceylon PLC’s new branch in Port City Colombo will bring world-class banking services to Sri Lanka’s emerging international financial hub. Located at Building 04 in Area 02 of the Port City Business Centre – Commercial Hub, Commercial Bank’s Port City
- [SDB Bank modernises digital banking infrastructure with IBM](https://economictimes.lk/index.php/2026/06/08/sdb-bank-modernises-digital-banking-infrastructure-with-ibm/) - SDB Bank, one of Sri Lanka’s leading regulated banks, has collaborated with IBM (NYSE: IBM) and South Asian Technologies (SAT), an IBM business partner, to modernise its digital banking infrastructure and accelerate its transformation journey. Leveraging IBM’s enterprise infrastructure and automation solutions, SDB bank continues to demonstrate its ability to deliver secure and seamless banking
- [HNB Life introduces ‘Privileged Protect’ life insurance designed for modern Lankans](https://economictimes.lk/index.php/2026/06/08/hnb-life-introduces-privileged-protect-life-insurance-designed-for-modern-lankans/) - Marking a significant milestone in its journey as it celebrates 25 years of trust and transformation, HNB Life has introduced Privileged Protect, a novel universal life insurance solution designed to meet the evolving financial and protection needs of modern Sri Lankans. Developed as an evolved protection offering, Privileged Protect combines short-term premium commitments with long-term
- [EFF 6 and 7 tranches received](https://economictimes.lk/index.php/2026/06/08/eff-6-and-7-tranches-received/) - Deputy Minister of Finance Dr. Anil Jayantha Fernando said that the Treasury has received the 6th and 7th tranches of the International Monetary Fund’s Extended Fund Facility. According to him the Treasury has received US$ 695 million as the 6th and 7th tranches after successfully completing the 5th and 6th reviews of the Extended Fund
- [M Power Capital Securities provides Sell Side Advisory to Padel House](https://economictimes.lk/index.php/2026/06/08/m-power-capital-securities-provides-sell-side-advisory-to-padel-house/) - Padel House, the pioneers of padel in Sri Lanka, and the enterprise that has successfully established a strong presence for the sport in Colombo, has entered a new growth phase with the entry of two new strategic investors—former Sri Lanka cricket captain Mahela Jayawardene, and Trade Promoters Limited, a diversified group with interests across Sri
- [Pelwatte Dairy Commissions Sri Lanka’s Largest Dairy Effluent Treatment Plant to Advance ESG Leadership and Global Market Readiness](https://economictimes.lk/index.php/2026/06/04/pelwatte-dairy-commissions-sri-lankas-largest-dairy-effluent-treatment-plant-to-advance-esg-leadership-and-global-market-readiness/) - Buttala, Sri Lanka – May 28, 2026 Pelwatte Dairy Industries Limited has successfully commissioned its state-of-the-art Effluent Treatment Plant (ETP) at its Buttala manufacturing facility, marking a significant milestone in the company’s journey toward environmental stewardship, ESG compliance, and responsible dairy processing. [ETP Opening | Word] This facility is the largest Effluent Treatment Plant within
- [Seylan Bank makes donation to WP/PIL School for the Deaf, Ratmalana](https://economictimes.lk/index.php/2026/06/05/seylan-bank-makes-donation-to-wp-pil-school-for-the-deaf-ratmalana/) - Reaffirming its commitment to inclusive education and community empowerment, Seylan Bank donated a smart board and a suite of carpentry tools to the WP/PIL School for the Deaf, Ratmalana on June 5, supporting the educational and vocational development of hearing-impaired students. The donation is expected to significantly enhance the students’ learning experiences by supporting modern
- [ComBank offers financial solutions to ‘Guardians of the Skies’](https://economictimes.lk/index.php/2026/06/05/combank-offers-financial-solutions-to-guardians-of-the-skies/) - Reinforcing its commitment to those who serve the nation, the Commercial Bank of Ceylon has entered into a Memorandum of Understanding with theSri Lanka Air Force (SLAF) to introduce a comprehensive suite of concessionary financial facilities for its officers and other ranks. The partnership, unveiled in a year that marks the 75th anniversary of the
- [Lanka should mobilise investments to boost women’s employment](https://economictimes.lk/index.php/2026/06/05/lanka-should-mobilise-investments-to-boost-womens-employment/) - The Sri Lanka economy must continue to grow at a pace that generates employment opportunities for women. This requires mobilising investments in sectors with high growth potential and stimulating economic development in historically disadvantaged and lagging regions, opined Shannon Cowlin, Country Director for Sri Lanka, ADB addressing the Serendipity Knowledge Program (SKOP), Unlocking Women’s Economic
- [Prime Lands Residencies reports exceptional FY2026 earnings with PAT up by 67% YoY to Rs. 2.06 Bn](https://economictimes.lk/index.php/2026/06/05/prime-lands-residencies-reports-exceptional-fy2026-earnings-with-pat-up-by-67-yoy-to-rs-2-06-bn/) - Prime Lands Residencies PLC (CSE: PLR.N) has reported an outstanding financial performance for the year ended 31 March 2026. Substantially exceeding market expectations, the Company reinforced its position as Sri Lanka’s undisputed real estate leader, propelled by massive operational scale, strategic project launches, and historic margin expansion. Reflecting on this exceptional performance, Group Chairman Premalal
- [Aitken Spence becomes Lanka’s first diversified Group to receive SBTi validation](https://economictimes.lk/index.php/2026/06/05/aitken-spence-becomes-lankas-first-diversified-group-to-receive-sbti-validation/) - Aitken Spence PLC reached a defining moment in its sustainability journey, becoming the first diversified holdings company in Sri Lanka to have its emission reduction targets validated by SBTi. For a Group whose operations span 17 industry sectors and several geographical regions, this complexity is amplified. Each sector presents unique challenges, from energy-intensive operations to
- [A Turkish Affair Unfolds at Hilton Colombo’s Graze Kitchen](https://economictimes.lk/index.php/2026/06/04/a-turkish-affair-unfolds-at-hilton-colombos-graze-kitchen/) - Hilton Colombo presents ‘A Turkish Affair’, an exclusive 10-day culinary showcase at Graze Kitchen from 11 to 20 June 2026, celebrating the rich flavors, traditions, and hospitality of Türkiye. Conducted in collaboration with Hilton Istanbul Bosphorus, the experience will feature authentic Turkish cuisine curated by guest chef Sercan Hamarat, bringing a taste of Istanbul to
- [HNB Investment Bank renews collaboration with CFA Society Sri Lanka as Silver Partner](https://economictimes.lk/index.php/2026/06/04/hnb-investment-bank-renews-collaboration-with-cfa-society-sri-lanka-as-silver-partner/) - HNB Investment Bank has renewed its partnership with CFA Society Sri Lanka as a Silver Partner for the 10th consecutive year, reaffirming its longstanding commitment to advancing Sri Lanka’s investment and financial services industry. The renewed sponsorship reflects HNB Investment Bank’s continued support for CFA Society Sri Lanka’s efforts to promote ethics, professionalism, knowledge-sharing and
- [Siyapatha Finance expands footprint with Boralesgamuwa Branch opening](https://economictimes.lk/index.php/2026/06/04/siyapatha-finance-expands-footprint-with-boralesgamuwa-branch-opening/) - Siyapatha Finance PLC opened its latest fully fledged branch in Boralesgamuwa, expanding the Company’s islandwide network to 63 branches. The opening ceremony was graced by Siyapatha Finance PLC Directors Jayanath Gunawardena, Shiran Perera and Sriyani Ranatunga; Chief Executive Officer Mathisha Hewavitharana, Chief Operating Officer Rajeev De Silva and R.A. Akilesh Ayodya Perera, a student of
- [People’s Bank conducts financial literacy programme for entrepreneurs in Weboda](https://economictimes.lk/index.php/2026/06/04/peoples-bank-conducts-financial-literacy-programme-for-entrepreneurs-in-weboda/) - People’s Bank recently organised a special programme for entrepreneurs in Weboda Village, situated within the Mahara Divisional Secretariat area, under its Entrepreneurial Villages initiative. The programme aimed to enhance financial literacy and strengthen business sustainability among Micro, Small and Medium Enterprises (MSMEs). Organized by the People’s Bank – Union Place Branch, the programme was held
- [Rupee devaluation mixed impact to Lanka’s event management -EMA Chief](https://economictimes.lk/index.php/2026/06/04/rupee-devaluation-mixed-impact-to-lankas-event-management-ema-chief/) - Rupee devaluation will have both a positive and challenging impact on Sri Lanka’s event management industry increasing affordability for foreign clients, boosting demand, and local revenue. However, it raises costs for imports. Adaptation and strategic responses are essential for competitiveness, Saliya Weerasekara, President Event Management Association (EMA) told Daily News Business participating in an exclusive
- [HayWind Receives First 25 MW of Turbines for Mannar Wind Farm](https://economictimes.lk/index.php/2026/06/03/haywind-receives-first-25-mw-of-turbines-for-mannar-wind-farm/) - HayWind One Limited, the wind energy arm of Hayleys Fentons Limited, has achieved a major milestone in the development of its 50 MW Wind Farm Project in Mannar, with the first 25 MW out of the total 50 MW wind turbines successfully arriving at the Trincomalee Port. Once operational, the project is expected to generate
- [Yasas Hewage assumes duties as Chairman of IDB](https://economictimes.lk/index.php/2026/06/03/yasas-hewage-assumes-duties-as-chairman-of-idb/) - Yasas Hewage assumed duties as Chairman of the Industrial Development Board (IDB) on June 1 2026, taking leadership of one of Sri Lanka’s longest-standing enterprise development institutions with a proud legacy spanning 60 years. . Hewage brings nearly two decades of experience spanning banking and finance, business strategy, sales and marketing, entrepreneurship development, and sports
- [Sri Lanka moves to strengthen regulatory framework](https://economictimes.lk/index.php/2026/06/03/sri-lanka-moves-to-strengthen-regulatory-framework/) - Sri Lanka is taking significant steps to establish a comprehensive regulatory framework for Virtual Asset Service Providers (VASPs), as authorities work to align the country’s digital asset sector with international standards and best practices. The fourth meeting of the VASP Sub-Committee was held at the Central Bank of Sri Lanka on May 25, 2026, under
- [EDB moves to expand islandwide testing and certification facilities](https://economictimes.lk/index.php/2026/06/03/edb-moves-to-expand-islandwide-testing-and-certification-facilities/) - The Sri Lanka Export Development Board (EDB) has taken steps to implement a comprehensive plan to expand testing and certification facilities across the island, addressing one of the most significant bottlenecks faced by the country’s export sector. A high-level stakeholder discussion was recently held in Colombo with the participation of government institutions, testing laboratories, certification
- [VELLA signs USD 5.1 M agreement with BOI to transform 98 Acres Resort and Spa](https://economictimes.lk/index.php/2026/06/03/vella-signs-usd-5-1-m-agreement-with-boi-to-transform-98-acres-resort-and-spa/) - Uva Greenlands Estate (Pvt) Ltd has signed a landmark agreement with the Board of Investment of Sri Lanka (BOI) on 29th May, marking a defining milestone in the evolution of 98 Acres Resort & Spa, Sri Lanka’s celebrated luxury retreat nestled in the breathtaking highlands of Ella. The transformative USD 5.1 million investment will unlock
- [VietJet Air Colombo office opened by ambassador of Vietnam to Sri Lanka](https://economictimes.lk/index.php/2026/06/03/vietjet-air-colombo-office-opened-by-ambassador-of-vietnam-to-sri-lanka/) - VietJet Air officially marked the opening of its Colombo office at a special ceremony inaugurated by Trinh Thi Tam, Ambassador of Vietnam to Sri Lanka. The airline’s operations in Sri Lanka will be represented by its General Sales Agent (GSA) Andrew The Aviation Company (Pvt) Ltd under the leadership of its Chairman, Mahen Kariyawasan. The
- [Lanka must establish itself as attractive investment destination](https://economictimes.lk/index.php/2026/06/02/lanka-must-establish-itself-as-attractive-investment-destination/) - The government’s success in stabilizing the economy has been overshadowed by the challenge of reforms essential for attracting quality investments. Such investments are vital for inclusive growth and competitive productivity in Sri Lanka’s economy, European Union Ambassador to Sri Lanka and Maldives Carmen Mareno opined at a recently concluded forum held in Colombo. “The government
- [National Cleaner Production Awards 2026 and Int’l Conference on November 6](https://economictimes.lk/index.php/2026/06/02/national-cleaner-production-awards-2026-and-intl-conference-on-november-6/) - Today, sustainability is no longer simply an option, but necessity. Around the world, industries are rapidly transforming to meet new environmental and sustainability expectations, Thilaka Jayasundara, Secretary, Ministry of Industry and Entrepreneurship Development told the National Cleaner Production Awards 2026 and the 4th International Conference on Resource Efficiency & Circular Economy launch held in Colombo
- [Research and innovation key to Sri Lanka’s economic growth, – Prof. Ashoka Jayaweera Bandara](https://economictimes.lk/index.php/2026/06/02/research-and-innovation-key-to-sri-lankas-economic-growth-prof-ashoka-jayaweera-bandara/) - Strengthening Sri Lanka’s research and innovation sector is essential for achieving long-term economic prosperity, according to Prof Ashoka Jayawira Bandara, an inventor and academic who holds eleven world patents for new discoveries. Currently, based in the United Kingdom, Prof. Bandara is engaged in research across several institutions including Kingston University. Speaking at a special discussion
- [MAC Holdings contributes Rs. 5 million to ‘Rebuilding Sri Lanka’ Fund](https://economictimes.lk/index.php/2026/06/02/mac-holdings-contributes-rs-5-million-to-rebuilding-sri-lanka-fund/) - MAC Holdings (Pvt) Ltd. contributed Rs. 5 million to the Government’s ‘Rebuilding Sri Lanka’ Fund, established to support communities affected by Cyclone Ditwah. The cheque was officially handed over at the Presidential Secretariat by the Managing Director of MAC Holdings (Pvt) Ltd. Andre Fernando, to the Secretary to the President, Dr. Nandika Sanath Kumanayake. The
- [LOLC Group delivers strong operating growth as diversified platform gains further scale](https://economictimes.lk/index.php/2026/06/02/lolc-group-delivers-strong-operating-growth-as-diversified-platform-gains-further-scale/) - *Gross income reaches Rs. 430 billion *Results from operating activities increase by 49% to Rs. 72 billion * Total assets exceed Rs. 2.3 trillion * Total equity increases to Rs. 654 billion LOLC Holdings PLC delivered a strong operating performance for the year ended 31 March 2026, underpinned by robust income growth, a significant expansion
- [Canadian Chamber of Commerce in Sri Lanka host press interaction with members](https://economictimes.lk/index.php/2026/05/29/canadian-chamber-of-commerce-in-sri-lanka-host-press-interaction-with-members/) - The Canadian Chamber of Commerce in Sri Lanka (CanCham Sri Lanka) recently hosted a strategic press interaction with members of the business media at CanCham House in Colombo recently. The discussion focused on strengthening economic partnerships, enhancing bilateral dialogue and positioning Sri Lanka within the expanding Canada–Indo-Pacific economic framework. The session highlighted the evolving role
- [Commercial Bank brings PayPal-linked withdrawals for customers](https://economictimes.lk/index.php/2026/05/29/commercial-bank-brings-paypal-linked-withdrawals-for-customers/) - The Commercial Bank of Ceylon, reaffirming its leadership in introducing the latest global financial technologies to Sri Lanka, has announced the availability of PayPal-linked withdrawal functionality for eligible customers to seamlessly channel their global digital earnings directly into their Commercial Bank accounts through ComBank Digital. The integration of PayPal with ComBank Digital enables Sri Lankan
- [Wire Communications Consultancy Holdings reinforces leadership architecture to drive ‘Wire 15 Roadmap’](https://economictimes.lk/index.php/2026/05/29/wire-communications-consultancy-holdings-reinforces-leadership-architecture-to-drive-wire-15-roadmap/) - Wire Communication Consultancy Holdings, a leading regional reputation communications group celebrating its 15th anniversary of market operations, today officially announced structural advancements to its senior leadership team. The corporate realignments aim to accelerate the deployment of its comprehensive operational framework, the “Wire 15 Roadmap.” The strategic blueprint targets absolute service integration across public relations, advertising, digital growth,
- [Bag.LK Responds to Sri Lanka’s Growing Demand for Authentic Premium Luggage](https://economictimes.lk/index.php/2026/05/29/bag-lk-responds-to-sri-lankas-growing-demand-for-authentic-premium-luggage/) - Being the largest bag store in Sri Lanka for premium travel luggage and suitcases, Bag.LK effectively responds to the growing demand for authentic and durable luggage options in the local market. As Sri Lankans have started to travel more and more again in the last few years, the luggage market faces major transformations. In order
- [eMudhra Remote Digital Signature Solution launched in Sri Lanka](https://economictimes.lk/index.php/2026/05/29/emudhra-remote-digital-signature-solution-launched-in-sri-lanka/) - LankaPay, launched the eMudhra e-Sign Remote Signature with LankaSign, in collaboration with eMudhra Limited in Sri Lanka on May 22, 2026 in Colombo, with Commercial Bank of Ceylon PLC becoming the first bank in Sri Lanka to be onboarded to this facility, further strengthening its leadership in introducing innovative digital solutions to customers. eMudhra Limited
- [SL unveils South Asia’s first solar bakery oven](https://economictimes.lk/index.php/2026/05/28/sl-unveils-south-asias-first-solar-bakery-oven/) - Sri Lanka became the first country in South Asia to unveil a solar hybrid bakery oven, designed with both solar and biogas energy sources to ensure uninterrupted operation despite unpredictable weather conditions. The event, was held on May 22, at Cinnamon Lakeside Colombo and was hosted by Incitare Sri Lanka and the Global Rethinking Finance
- [Traditional Italian flavours ‘Via 9’ opens at Port City Colombo Food Harbour](https://economictimes.lk/index.php/2026/05/28/traditional-italian-flavours-via-9-opens-at-port-city-colombo-food-harbour/) - As Port City Colombo’s Food Harbour continues to evolve into a vibrant dining and entertainment hub, authentic Italian cuisine has found a new home on its bustling waterfront promenade with the opening of ‘Via 9’, a family-run restaurant bringing traditional Italian flavours to Colombo. Specialising in wood fire-baked pizzas, creamy pastas, rich risottos and classic
- [Microfinance sector forms inclusive network](https://economictimes.lk/index.php/2026/05/28/microfinance-sector-forms-inclusive-network/) - Lanka Microfinance Network (LMFN), Sri Lanka’s dedicated national platform for the microfinance sector, formally inaugurated its governance structure on May15, 2026 at a landmark Meeting attended by over 100 participants representing the Microfinance Sector, practitioners and stakeholders from across the island. The event marked a defining milestone for the sector, with the Network electing its
- [Bag Plus Opens Its Flagship Store, Poised to Redefine Sri Lanka’s Bag Market](https://economictimes.lk/index.php/2026/05/28/bag-plus-opens-its-flagship-store-poised-to-redefine-sri-lankas-bag-market/) - Bringing travellers a comprehensive bag shopping experience in Sri Lanka, Bag Plus opens its flagship store in the vicinity of Maharagama, Sri Lanka. Bag Plus offers Sri Lankan shoppers an exclusive collection of premium bags in Sri Lanka, including backpacks, cross-body bags, luggage, and even bag accessories that enhance the experience. With this being their
- [Classic Travel Continues Its Commitment to Local Sports with Mackly Impact Basketball League 2026 Sponsorship](https://economictimes.lk/index.php/2026/05/28/classic-travel-continues-its-commitment-to-local-sports-with-mackly-impact-basketball-league-2026-sponsorship/) - Classic Travel, the travel and tourism arm of Expolanka Holdings, has strengthened its commitment to youth development and local sports by partnering with the IImpact Basketball League 2026 as the Official Travel Partner and Team Owner for the period January 2026 to January 2027. This partnership reflects Classic Travel’s ongoing efforts to support initiatives that contribute to the growth of young
- [CBSL increases Overnight Policy Rate to 8.75%](https://economictimes.lk/index.php/2026/05/28/cbsl-increases-overnight-policy-rate-to-8-75/) - The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) at its meeting held on Monday (25), decided to increase the Overnight Policy Rate (OPR) by 100 bps to 8.75%. The Board arrived at this decision after carefully considering the evolving conditions and outlook on the domestic and global fronts. The uncertainties arising
- [DR. NIRMAL DE SILVA LAUNCHES ‘THE 15 ORGANIZATIONAL REALITIES’](https://economictimes.lk/index.php/2026/05/28/dr-nirmal-de-silva-launches-the-15-organizational-realities/) - A Practical Book for Leaders That Chooses Truth Over Comfort In a landmark moment for Sri Lanka’s corporate and leadership development landscape, Dr. Nirmal De Silva — renowned corporate strategist, leadership coach, board director and entrepreneur — officially launched his book, The 15 Organizational Realities, at a ceremony held at the Bandaranaike Memorial International Conference
- [eMarketingEye Launches Sri Lanka’s First AI Visibility Study for Hotels](https://economictimes.lk/index.php/2026/05/27/emarketingeye-launches-sri-lankas-first-ai-visibility-study-for-hotels/) - eMarketingEye (EME), a leading hospitality digital marketing agency, has launched Sri Lanka’s First AI Visibility Study for Hotels, offering groundbreaking insights into how hotels in Sri Lanka appear across leading AI platforms (LLMs) such as ChatGPT, Gemini, and Perplexity.The AI Visibility Study analysed how Sri Lankan hotels are represented in AI-generated responses across high-intent travel
- [Lanka Ashok Leyland reports strong FY 2025/26 performance and declares 300% dividend](https://economictimes.lk/index.php/2026/05/27/lanka-ashok-leyland-reports-strong-fy-2025-26-performance-and-declares-300-dividend/) - Lanka Ashok Leyland PLC recorded an outstanding financial performance for the year ended 31st March 2026, with Profit After Tax increasing to Rs. 3.06 billion compared to Rs. 1.53 billion in the previous year, while revenue grew significantly to Rs. 19.33 billion from Rs. 9.00 billion. In view of the strong performance, the Board of
- [Sri Lanka’s Banking sector assures it is stable, equipped to address fraud incidents](https://economictimes.lk/index.php/2026/05/27/sri-lankas-banking-sector-assures-it-is-stable-equipped-to-address-fraud-incidents/) - Sri Lanka’s banking sector has provided a collective and categorical assurance that it remains stable, resilient, and secure despite a few recent isolated incidents of financial fraud, emphasising that these developments do not pose a threat to the safety of customer deposits or the overall integrity of the financial system. While acknowledging that such incidents
- [ComBank enables seamless account opening through enhanced self-onboarding platform](https://economictimes.lk/index.php/2026/05/27/combank-enables-seamless-account-opening-through-enhanced-self-onboarding-platform/) - Driven by a strong commitment to digital innovation, enhanced accessibility, and an improved customer experience, the Commercial Bank of Ceylon has further enhanced its Self-Onboarding Platform,enabling new-to-bank customers to open accounts through a more seamless, secure and fully paperless digital experience, eliminating the need to visit a branch. Theupgraded platformnow offers a fully digital solution
- [RankPandas Advocates for ROI-Focused SEO Strategies in Competitive Sri Lankan Industries](https://economictimes.lk/index.php/2026/05/27/rankpandas-advocates-for-roi-focused-seo-strategies-in-competitive-sri-lankan-industries/) - RankPandas strengthens its position as a conversion-focused SEO agency in Sri Lanka, delivering time-tested tactics and strategies for some of the most competitive industries in the local market. In the year 2026, as digital competition intensifies across Sri Lanka’s online economy, businesses are increasingly re-evaluating how SEO contributes to long-term revenue growth. Rising advertising costs,
- [Prima Sunrise Supports Young Golfing Talent at Sri Lanka Regional Junior Open 2026](https://economictimes.lk/index.php/2026/05/27/prima-sunrise-supports-young-golfing-talent-at-sri-lanka-regional-junior-open-2026/) - Prima Sunrise reaffirmed its commitment to nurturing the next generation of golfing talent by sponsoring the Sri Lanka Regional Junior Open Golf Championship 2026, organised by the Sri Lanka Golf and held over three days at the Nuwara Eliya Golf Club from 8–10 May. The championship brought together some of the country’s most promising junior
- [Evolution Auto and EVO Charge Power Up Peliyagoda with High-Speed 60kW Dual-Gun at the Evolution Auto Aftersales Complex](https://economictimes.lk/index.php/2026/05/26/evolution-auto-and-evo-charge-power-up-peliyagoda-with-high-speed-60kw-dual-gun-at-the-evolution-auto-aftersales-complex/) - Reinforcing its commitment to advancing electric mobility in Sri Lanka, Evolution Auto, in collaboration with EVO Charge, has officially launched a 60kW dual-gun DC fast charging station at the Evolution Auto After Sales Complex in Peliyagoda. By introducing high-capacity fast charging to an area that did not previously have such facilities, this strategic initiative represents
- [Hilton Colombo Earns Global Recognition at the 2026 Haute Grandeur Global Excellence Awards](https://economictimes.lk/index.php/2026/05/26/hilton-colombo-earns-global-recognition-at-the-2026-haute-grandeur-global-excellence-awards/) - The hotel secures four prestigious accolades, reaffirming its position as one of Sri Lanka’s leading hospitality destinations Hilton Colombo has been recognized on the global stage at the 2026 Haute Grandeur Global Excellence Awards, receiving four distinguished accolades that celebrate the hotel’s excellence in hospitality, culinary experiences, and guest service. The hotel was named Leading
- [National Chamber and NEDA conduct ‘Access to Finance Awareness Programme’](https://economictimes.lk/index.php/2026/05/26/national-chamber-and-neda-conduct-access-to-finance-awareness-programme/) - The National Chamber of Commerce of Sri Lanka (NCCSL) and the National Enterprise Development Authority (NEDA) jointly organized a session on Access to Finance: Concessionary loan schemes for MSMEs on May 20, 2026 at the National Chamber of Commerce Auditorium. The keynote address was delivered by Chathuranga Abeysinghe, Deputy Minister of Industry and Entrepreneurship Development,
- [Tony Pellé crafts custom leather pieces for Cinnamon LifeTony Pellé crafts custom leather pieces for Cinnamon Life](https://economictimes.lk/index.php/2026/05/26/tony-pelle-crafts-custom-leather-pieces-for-cinnamon-lifetony-pelle-crafts-custom-leather-pieces-for-cinnamon-life/) - Tony Pellé, Sri Lanka’s exclusive men’s leather footwear brand, has delivered over 6,500 custom-designed leather products for staff at Cinnamon Life, marking a major milestone in the brand’s ongoing collaboration with one of the country’s most prestigious hospitality developments. The large-scale supply includes over 5,000 pairs of genuine leather shoes alongside leather belts and customized
- [BAN Group signals Lanka’s next leap in advertising innovation](https://economictimes.lk/index.php/2026/05/26/ban-group-signals-lankas-next-leap-in-advertising-innovation/) - Boutique Agency Network Group (BAN Group), one of Sri Lanka’s most progressive and award winning integrated advertising companies, has upgraded its Boutique Marketing AI Ecosystem with the latest capabilities in Agentic AI, introducing a new level of speed, intelligence, and precision to creative and media deployment. Originally introduced in 2023, the Boutique Marketing AI Ecosystem
- [Medihelp expands to Kiribathgoda](https://economictimes.lk/index.php/2026/05/26/medihelp-expands-to-kiribathgoda/) - Medihelp Hospitals, continues its expansion with the opening of its newest branch in Kiribathgoda, marking a significant milestone in bringing quality, accessible healthcare closer to communities. This latest addition reinforces Medihelp’s commitment to expanding affordable, high-quality healthcare, particularly in underserved areas. Having strengthened its presence across the Colombo and Kalutara districts, the Kiribathgoda branch represents
- [Sri Lanka calls on Vietnamese investors with 30 project-ready opportunities](https://economictimes.lk/index.php/2026/05/26/sri-lanka-calls-on-vietnamese-investors-with-30-project-ready-opportunities/) - Sri Lanka has emerged from its economic crisis with renewed stability, stronger growth and a pipeline of investment-ready projects, with the country now actively courting Vietnamese investors to capitalize on opportunities across manufacturing, logistics, tourism and infrastructure. Addressing the Sri Lanka–Vietnam Trade, Investment and Tourism Cooperation Forum recently, Dr. Sulakshana Jayawardena, Acting Chairman of the
- [CHEC marks key milestone in China-Funded housing project in Colombo](https://economictimes.lk/index.php/2026/05/25/chec-marks-key-milestone-in-china-funded-housing-project-in-colombo/) - China Harbour Engineering Company (CHEC) has achieved a major construction milestone in the China-aided affordable housing project in Colombo, with the topping out of the Maharagama site on May 12. The milestone marks the completion of the main structural works for 112 housing units, forming part of a wider 1,996-unit housing development designed to support
- [LOLC Al-Falaah partners Euro Motors with accessibility for financial solutions](https://economictimes.lk/index.php/2026/05/25/lolc-al-falaah-partners-euro-motors-with-accessibility-for-financial-solutions/) - LOLC Al-Falaah, the Alternate Financial Services Unit of LOLC Finance PLC, has announced the signing of a strategic partnership with Euro Motors Pvt Ltd., marking a significant step towards redefining accessibility to vehicle ownership through innovative and customer-centric financial solutions. The Memorandum of Understanding (MoU), signed on April 20, at the LOLC Head Office in
- [People’s Bank relocates Udupiddy Service Centre](https://economictimes.lk/index.php/2026/05/25/peoples-bank-relocates-udupiddy-service-centre/) - People’s Bank recently inaugurated its Udupiddy Service Centre at a new location. The relocated Service Centre, attached to the People’s Bank Valvettiturai Branch, now provides customers in the Udupiddy area with improved access to the latest digital banking facilities and services. The opening ceremony was attended by M. Mathiyalagan, Regional Manager (Jaffna); Assistant Regional Managers
- [Union Bank partners SLECIC to boost migrant worker financing solutions](https://economictimes.lk/index.php/2026/05/25/union-bank-partners-slecic-to-boost-migrant-worker-financing-solutions/) - Union Bank has strengthened its collaboration with the Sri Lanka Export Credit Insurance Corporation (SLECIC) to significantly enhance financial solutions for Sri Lankan migrant workers. The partnership was formalized recently with the sharing of an APARA Guarantee. The event was held with the participation of Prof.ArunaShanthaarachchi, Chairman & Managing Director of SLECIC and Asanka Ranhotty,
- [DIMO Announces the 32nd MercedesTrophy Sri Lanka 2026, Marking 140 Years of Mercedes-Benz Innovation and 85+ Years of Enduring Automotive Excellence](https://economictimes.lk/index.php/2026/05/25/dimo-announces-the-32nd-mercedestrophy-sri-lanka-2026-marking-140-years-of-mercedes-benz-innovation-and-85-years-of-enduring-automotive-excellence/) - DIMO, the only authorised agent for Mercedes-Benz in Sri Lanka with 85+ years of Authority in Automotive Excellence, is set to host MercedesTrophy 2026 on 06th June 2026 at the Nuwara Eliya Golf Club. Exclusively curated for DIMO Mercedes-Benz customers, the event will offer a distinguished occasion celebrating the prestige, precision, and enduring legacy that
- [China emerges as Sri Lanka’s largest trading partner](https://economictimes.lk/index.php/2026/05/21/china-emerges-as-sri-lankas-largest-trading-partner/) - China emerged as Sri Lanka’s largest trading partner in value terms, surpassing India and the United States the third largest trading partner in 2025. Together, these three countries accounted for around 41% of Sri Lanka’s total merchandise trade, a Public Lecture on the State of the Economy as Reflected in the Annual Economic Review –
- [Mark and Comm deploys Talkwalker to raise bar on social intelligence for Lankan brands](https://economictimes.lk/index.php/2026/05/21/mark-and-comm-deploys-talkwalker-to-raise-bar-on-social-intelligence-for-lankan-brands/) - Mark and Comm (Pvt) Ltd together with Talkwalker, the world’s leading social intelligence platform, is now offering clients and prospects in Sri Lanka professional social listening, media monitoring, reporting, and strategic advisory as a fully managed service. As the exclusive Hootsuite and Talkwalker partner for Sri Lanka and the Maldives, Mark and Comm identified a
- [A Mart Holdings organise BMT Aftercare and Safety Awareness programme](https://economictimes.lk/index.php/2026/05/21/a-mart-holdings-organise-bmt-aftercare-and-safety-awareness-programme/) - Consultant Haemato-Oncologist, Dr Buddhika Somawardana said every year 15,000 to 18,000 individuals are diagnosed for cancer in Sri Lanka and within that 2,000 new patients who need bone marrow (stem cell) transplant (BMT). “We have a few specialist doctors in the country at present who have obtained advanced training in UK to treat majority of
- [People’s Leasing & Finance celebrates 30 years of empowering Sri Lanka’s entrepreneurs and communities](https://economictimes.lk/index.php/2026/05/21/peoples-leasing-finance-celebrates-30-years-of-empowering-sri-lankas-entrepreneurs-and-communities/) - People’s Leasing & Finance PLC (PLC), celebrates its 30th anniversary on 31st May 2026, marking three decades of empowering individuals, entrepreneurs and businesses across the island with innovative financial solutions. Over the past 30 years, PLC has evolved into a household name in the financial services sector, driven by a strong commitment to financial inclusivity,
- [HDFC Bank launches ‘Green Leasing’ with nationwide tree planting initiative](https://economictimes.lk/index.php/2026/05/21/hdfc-bank-launches-green-leasing-with-nationwide-tree-planting-initiative/) - HDFC Bank of Sri Lanka has launched its latest green financing solution, HDFC Green Leasing, alongside a nationwide tree planting initiative held in line with the auspicious timing of the Sinhala and Tamil New Year on April 23. Marking a symbolic and unified beginning, all 39 branches of the Bank conducted tree planting ceremonies simultaneously
- [E.B. Creasy Solar partners Kotagala Plantations, installs rooftop solar power system](https://economictimes.lk/index.php/2026/05/20/e-b-creasy-solar-partners-kotagala-plantations-installs-rooftop-solar-power-system/) - E.B. Creasy Solar, the renewable energy arm of E.B. Creasy & Co., PLC, has partnered with Kotagala Plantations PLC to install a 1 MW rooftop solar power system, reaffirming its commitment to supporting Sri Lanka’s transition towards sustainable energy solutions. This milestone project reflects the shared vision of both organizations to integrate renewable energy into
- [People’s Bank expands MSME business volume to LKR 20.8 Bn in 2025 strengthening support for national economy](https://economictimes.lk/index.php/2026/05/20/peoples-bank-expands-msme-business-volume-to-lkr-20-8-bn-in-2025-strengthening-support-for-national-economy/) - Micro, Small and Medium Enterprises (MSMEs) continue to play a pivotal role in driving Sri Lanka’s economy through employment generation, regional development, entrepreneurship, and income distribution. Recognising the importance of this sector, People’s Bank further strengthened its commitment to MSME development in 2025 by expanding its MSME business volume to LKR 20.8 billion, reinforcing its
- [WSO2 Founder and CEO Dr. Sanjiva Weerawarana to step down as CEO](https://economictimes.lk/index.php/2026/05/20/wso2-founder-and-ceo-dr-sanjiva-weerawarana-to-step-down-as-ceo/) - WSO2 announced that its Founder and Chief Executive Officer, Dr. Sanjiva Weerawarana, will step down from his role as CEO with effect from June, 2026. The Board of Directors has initiated a search for a permanent CEO and has appointed WSO2’s Chief Revenue Officer Devaka Randeniya as Acting Chief Executive Officer to lead the company
- [SLICGL first GI Insurer in Sri Lanka to surpass LKR 30 Bn GWP](https://economictimes.lk/index.php/2026/05/20/slicgl-first-gi-insurer-in-sri-lanka-to-surpass-lkr-30-bn-gwp/) - Sri Lanka Insurance Corporation General Limited (SLICGL) has achieved a historic milestone, becoming the first General Insurance (GI) company in Sri Lanka to surpass LKR 30 billion in Gross Written Premium (GWP). The landmark achievement sets a new benchmark for the industry and demonstrates SLICGL’s unmatched strength, credibility, and customer trust. In addition to this
- [Improving broader business environment vital for sustainable growth – WB](https://economictimes.lk/index.php/2026/05/20/improving-broader-business-environment-vital-for-sustainable-growth-wb/) - A 2025–2026 World Bank enterprise survey reveals Sri Lanka’s post-crisis recovery is a “growth mirage” where firms are increasing sales and employment, but not labor productivity. While exporters are innovating, they are underperforming domestic-facing firms, indicating a structural crisis where productivity declines as firm size increases. To drive sustainable growth, policy must shift toward improving
- [DIMO Energy Broadens Solar Portfolio with Battery Energy Storage Solutions](https://economictimes.lk/index.php/2026/05/19/dimo-energy-broadens-solar-portfolio-with-battery-energy-storage-solutions/) - DIMO Energy, the power and energy-related solutions cluster of DIMO has expanded its Solar Solutions portfolio beyond industrial and commercial applications to include residential offerings, while also entering Sri Lanka’s growing Battery Energy Storage Systems (BESS) market under its rebranded and now dedicated DIMO Solar brand, which brings together integrated Solar + BESS solutions. This
- [JAECOO J7 PHEV Achieves Five-Star Ratings in Both Euro NCAP and Australasian NCAP Safety Assessments](https://economictimes.lk/index.php/2026/05/19/jaecoo-j7-phev-achieves-five-star-ratings-in-both-euro-ncap-and-australasian-ncap-safety-assessments/) - With 148 years of trusted heritage under the Hayleys Group, Hayleys Mobility continues to lead Sri Lanka's automotive sector by combining innovation, luxury, and uncompromised safety. Reinforcing this commitment, the JAECOO J7 PHEV has achieved the highest possible five-star rating in both the 2025 Euro NCAP and Australasian NCAP (ANCAP)assessments, excelling across all key categories,
- [Classic Travel Wins Gold for Consecutive Years at Malaysia Airlines Trade Elevation Summit 2026](https://economictimes.lk/index.php/2026/05/19/classic-travel-wins-gold-for-consecutive-years-at-malaysia-airlines-trade-elevation-summit-2026/) - Classic Travel has once again secured top honours at the Malaysia Airlines Trade Elevation Summit 2026, winning the prestigious Golden WAU Award and continuing its consecutive run of recognition at the global industry event. The awards ceremony, took place on 14th May at Shangri-La in Kota Kinabalu, recognises outstanding global trade partners that continue to
- [Dialog delivers strong Q1 2026 financial performance](https://economictimes.lk/index.php/2026/05/19/dialog-delivers-strong-q1-2026-financial-performance/) - Revenue: Rs.47.3Bn, up 9% YoY and NPAT: Rs.9.2Bn up +)100% YoYTaxes Paid to GoSL: Rs.16.0Bn (Rs.5.1Bn in Direct, Rs.10.9Bn Indirect)Investment in Digital Infrastructure: Rs.5.5Bn; Operating Free Cash Flow (OFCF): Rs.14.6Bn up +8% YoYFirst Interim Dividend: Rs.0.70 per share; Annualized Dividend Yield of 9.2% Dialog Axiata PLC announced its consolidated financial results for the quarter ended
- [Industrial activity up, tourism earnings, financial market indicators dip](https://economictimes.lk/index.php/2026/05/19/industrial-activity-up-tourism-earnings-financial-market-indicators-dip/) - Sri Lanka’s economy reflected mixed trends across key sectors during the week ending May 15, with industrial activity showing improvement while tourism earnings and financial market indicators recorded declines, according to the latest Weekly Economic Indicators released by the Central Bank of Sri Lanka (CBSL). In the real sector, the Central Bank said tea production
- [SME NEXUS National SME Strategy Framework 2026 to revolutionize business landscape in Sri Lanka](https://economictimes.lk/index.php/2026/05/19/sme-nexus-national-sme-strategy-framework-2026-to-revolutionize-business-landscape-in-sri-lanka/) - The SME NEXUS National SME Strategy Framework 2026 was officially launched in Colombo on May 13, 2026. Held at the Grand Maitland, the initiative, spearheaded by the Ministry of Industry and Entrepreneurship Development, focuses on empowering small and medium enterprises (SMEs) through digital transformation and policy consistency. The main purpose of the initiative was to
- [Ceylon Chamber of Commerce to host Sri Lanka Climate Summit 2026](https://economictimes.lk/index.php/2026/05/19/ceylon-chamber-of-commerce-to-host-sri-lanka-climate-summit-2026/) - As climate rules tighten globally and investor expectations shift from commitment to compliance, climate action is now directly tied to trade, competitiveness, and access to finance. Against this backdrop,The Ceylon Chamber of Commerce will host the second edition of the Sri Lanka Climate Summit on 9 June 2026 at the Taj Samudra Hotel, convening policymakers,
- [SLT-MOBITEL delivers strong revenue and profit growth in Q1 2026](https://economictimes.lk/index.php/2026/05/19/slt-mobitel-delivers-strong-revenue-and-profit-growth-in-q1-2026/) - The SLT Group reported a strong start to the year, posting double‑digit revenue growth and significantly higher profitability in the first quarter of 2026 compared to Q1 2025, driven by notable gains in operating profit and net earnings and a sustained demand for broadband (internet) services. The Group’s results signal a decisive turnaround and significant
- [CanCham SL targets CAD 5 Bn FDI with five-year strategic plan](https://economictimes.lk/index.php/2026/05/18/cancham-sl-targets-cad-5-bn-fdi-with-five-year-strategic-plan/) - The newly established Canadian Chamber of Commerce in Sri Lanka (CanCham SL) has formally commenced its operations with the approval and support of Global Affairs Canada. The Canadian High Commissioner to Srí Lanka serves as the Patron of CanCham SL, further reinforcing the Chamber’s commitment towards strengthening bilateral and regional economic cooperation. Speaking to media
- [Synergy Bio receives ISO 9001 Certification](https://economictimes.lk/index.php/2026/05/18/synergy-bio-receives-iso-9001-certification/) - Synergy Bio (Pvt) Ltd. has been awarded ISO 9001 certification for its Quality Management System, reaffirming its commitment to internationally recognised standards in quality, efficiency and operational excellence. Established in 2010, the company specializes in the design, development, manufacturing and installation of medical and general laboratory equipment, catering to a wide range of industry requirements
- [LOLC Life Assurance expands branch network to strengthen customer accessibility](https://economictimes.lk/index.php/2026/05/18/lolc-life-assurance-expands-branch-network-to-strengthen-customer-accessibility/) - LOLC Life Assurance continues to reinforce its commitment to delivering accessible, customer-centric life insurance solutions through the strategic expansion of its branch network across key locations in Sri Lanka. The recent opening of new branches in Mathugama and Beruwala marks a significant milestone in enhancing customer accessibility, improving service convenience, and delivering inclusive insurance protection
- [SLAAPS hosts Fellowship Night 2026](https://economictimes.lk/index.php/2026/05/18/slaaps-hosts-fellowship-night-2026/) - The Sri Lanka Association of Administrative and Professional Secretaries (SLAAPS) hosted its Secretaries’ Fellowship Night 2026, in celebration of International Administrative Professionals Week at the elegant Victorian Hall at The Kingsbury, Colombo recently. Held under the theme ‘Walk It Like You Talk It – A Trailblazing Experience’, the evening embodied a powerful message of action,
- [Sri Lanka, Belarus move to new trade and tourism partnerships](https://economictimes.lk/index.php/2026/05/18/sri-lanka-belarus-move-to-new-trade-and-tourism-partnerships/) - Sri Lanka and Belarus have moved to further strengthen economic relations during a Business Round Table organised by the Belarus National Export Promotion Centre. Minister of Foreign Affairs Vijitha Herath, who led the Sri Lankan delegation, said the discussions centered on expanding bilateral cooperation in trade, investment, and tourism. The talks were attended by Belarus
- [Nations Trust Bank builds growth momentum in 1Q 2026 with a PAT of LKR 4.6Bn](https://economictimes.lk/index.php/2026/05/15/nations-trust-bank-builds-growth-momentum-in-1q-2026-with-a-pat-of-lkr-4-6bn/) - LKR 41.3Bn Loan Growth, up 10% YoY Profit After Tax of LKR 4.6Bn, up 12% YoY Net Stage 3 Ratio of 1.10% Tier I Capital Ratio at 17.31% Total Capital Adequacy Ratio of 18.41% Return on Equity 18.98% Nations Trust Bank PLC (NTB) commenced the financial year on a positive note, delivering a strong performance
- [BOI plots Sri Lanka’s Future: Smart, Sustainable and Structured](https://economictimes.lk/index.php/2026/05/15/boi-plots-sri-lankas-future-smart-sustainable-and-structured/) - Acting BOI Chairman outlines an ambitious agenda anchored in AI, green energy, and structural reform to draw future-ready foreign investment to the islandDr. Sulakshana Jayawardena The Board of Investment of Sri Lanka (BOI) is launching a transformative agenda to reposition the island as a high-value hub for foreign direct investment (FDI), centering on a “Triple-S
- [Sri Lanka and Nepal launch cross-border digital payment connectivity](https://economictimes.lk/index.php/2026/05/15/sri-lanka-and-nepal-launch-cross-border-digital-payment-connectivity/) - In a significant milestone for regional digital payment interoperability, on May 12, 2026 Sri Lanka and Nepal launched cross-border QR payment connectivity, enabling Nepali travellers visiting Sri Lanka to make seamless digital payments using their domestic payment applications, including mobile banking apps and connectIPS, at more than 400,000 merchants accepting LankaQR payments across Sri Lanka.
- [Seylan Bank opens ‘Pahasara’ Library at A/Buddhangala Central College](https://economictimes.lk/index.php/2026/05/15/seylan-bank-opens-pahasara-library-at-a-buddhangala-central-college/) - Seylan Bank PLC marked another milestone in its flagship Environmental, Social and Governance (ESG) initiatives by opening its 291st ‘Pahasara’ Library at A/Buddhangala Central College, Padavi-Parakramapur. The ceremony was held on March 27, under the patronage of Ruwan Maithripala, Zonal Director of Education (Kebithigollewa), T.P. Jayasinghe, Divisional Director of Education (Padaviya), Kapila S. Kumara, Principal,
- [DFCC Bank recognised at ACEF Global Customer Engagement Awards](https://economictimes.lk/index.php/2026/05/15/dfcc-bank-recognised-at-acef-global-customer-engagement-awards/) - DFCC Bank PLC has been recognised at the 15th ACEF Global Customer Engagement Awards, receiving multiple accolades across digital engagement, experiential marketing, purpose-led communication and community-driven initiatives. The recognition reflects a broader shift in how the Bank approaches customer engagement — moving beyond conventional banking communication towards experiences and platforms that are more relevant, accessible
- [Abans Finance launches maiden debenture issue listing on CSE](https://economictimes.lk/index.php/2026/05/15/abans-finance-launches-maiden-debenture-issue-listing-on-cse/) - Abans Finance recently marked the official listing of its maiden13,384,000 debentures on the Colombo Stock Exchange (CSE) with a bell ringing and market opening ceremony held at the CSE trading floor on Monday (11). The offer for subscription for the initial issue of ten million listed, rated, senior, unsecured, redeemable five-year (2026/2031) debentures of LKR
- [Asian Icons of Merit among Top Finalists in Britain-based 21st Century's Impact Indexing](https://economictimes.lk/index.php/2026/05/14/asian-icons-of-merit-among-top-finalists-in-britain-based-21st-centurys-impact-indexing/) - In a time and age marked by unprecedented seismic changes, technological advance and social disruptions, Asia’s most transformative minds and hearts are now part of a ground-breaking and momentous global reckoning. Drawing from a pool of 1.9 million notables across 195 countries, the Britain‑based Impact Hallmarks©️ has unveiled around 188 finalists for its international opinion
- [Expressions of Interest called for MRIA](https://economictimes.lk/index.php/2026/05/14/expressions-of-interest-called-for-mria/) - The Ministry of Ports & Civil Aviation, through Airport & Aviation Services (Sri Lanka) (Private) Limited (AASL), has invited Expressions of Interest (EOI) from investors to utilize resources at Mattala Rajapaksa International Airport (MRIA) in Hambantota. Submissions are due by June 9, 2026, with a pre-proposal briefing on May 22, 2026. The main objective is
- [AIA secures top honours at CLA Great Manager Awards](https://economictimes.lk/index.php/2026/05/14/aia-secures-top-honours-at-cla-great-manager-awards/) - AIA Insurance Lanka has once again established its position as an organisation that places people and leadership at the heart of its success, by securing top honours at the CLA Great Manager Awards 2025, presented by the Colombo Leadership Academy (CLA). AIA Sri Lanka was conferred the ‘Company with Great Managers 2025’ title for the
- [Doc990 implements digital queue system for pharmacy services at Galle National Hospital](https://economictimes.lk/index.php/2026/05/14/doc990-implements-digital-queue-system-for-pharmacy-services-at-galle-national-hospital/) - Doc990, one of Sri Lanka’s pioneering digital health solutions provider operated by Digital Health (Pvt) Ltd — a subsidiary of Dialog Axiata PLC — announced the introduction of a digital queue management system at Galle National Hospital, focused on pharmacy service counters. The implementation addresses high patient volumes at one of Sri Lanka’s busiest healthcare
- [Kelani Valley Plantations, SPJ Creation to transform electronic waste into sustainable jewellery](https://economictimes.lk/index.php/2026/05/14/kelani-valley-plantations-spj-creation-to-transform-electronic-waste-into-sustainable-jewellery/) - Kelani Valley Plantations PLC (KVPL), a leading regional plantation company under the Hayleys Plantations sector, is redefining sustainability through innovative circular solutions. In partnership with SPJ Creation, KVPL has launched a strategic initiative to transform electronic waste into sustainable jewellery and creative, value-added products. The collaboration was formalised through the signing of a MoU on
- [Home Lands Signs SPA with CHEC Port City to Develop Twin Tower High-rise in the Central Park District of Port City Colombo](https://economictimes.lk/index.php/2026/05/14/home-lands-signs-spa-with-chec-port-city-to-develop-twin-tower-high-rise-in-the-central-park-district-of-port-city-colombo/) - The Project is Set to Attract Large Foreign Currency Inflows into Sri Lanka with Total Project Value Estimated at over US$ 300 Mn Marking a historic milestone in the progressive development of Port City Colombo which is widely regarded as the turning point of Sri Lanka’s economy, Home Lands Group’s Home Lands Port City (Pvt)
- [Seylan Tikiri and Seylan Teens bring Avurudu Cheer to Colombagama](https://economictimes.lk/index.php/2026/05/13/seylan-tikiri-and-seylan-teens-bring-avurudu-cheer-to-colombagama/) - Seylan Tikiri and Seylan Teens engaged with children at Colombagama Avurudu 2026, held at Viharamahadevi Children’s Park, through a series of interactive Avurudu-themed games and activities. Organised for the fourth consecutive year by Dialog A Plus Kids Channel and Channel One, the event saw Seylan Bank as a co-sponsor, presenting branded gifts to winners while creating a lively and
- [MIFL records LKR 818 Mn PBT in FY 2025-26, up 193% YoY](https://economictimes.lk/index.php/2026/05/13/mifl-records-lkr-818-mn-pbt-in-fy-2025-26-up-193-yoy/) - Mahindra Ideal Finance Ltd. (MIFL) reported its strongest ever financial performance in the year ended 31 March 2026, recording significant growth across profitability, lending volumes, and operational efficiency. The company posted a Profit Before Tax (PBT) of LKR 818 million, reflecting a 193% Year-on-Year (YoY) increase, while Profit After Tax (PAT) rose to LKR 478
- [Emirates back in Colombo on May 19-20 to recruit skilled aircraft technicians](https://economictimes.lk/index.php/2026/05/13/emirates-back-in-colombo-on-may-19-20-to-recruit-skilled-aircraft-technicians/) - Emirates, the world’s largest international and most profitable airline, is scouting for top-tier aircraft engineering and technical talent worldwide. The airline’s next official stop is Sri Lanka, where it is hosting roadshows in Colombo on May 19-20. Experienced technicians may attend the Colombo session, where Emirates’ recruiters will outline details of the role, remuneration, benefits
- [HNB Life records 54% GWP Growth in Q1 2026](https://economictimes.lk/index.php/2026/05/13/hnb-life-records-54-gwp-growth-in-q1-2026/) - HNB Life PLC reported a strong start to the year for the three months ended 31 March 2026, continuing its growth trajectory following its recent rebranding and reinforcing its position as a leading life insurer in Sri Lanka. The Company recorded Life Gross Written Premium of Rs. 7.01 Bn for the period, reflecting a strong
- [Country to move towards innovation-driven, high-value-added exports](https://economictimes.lk/index.php/2026/05/13/country-to-move-towards-innovation-driven-high-value-added-exports/) - The establishment of the Viet Nam-Sri Lanka Business Council will enhance bilateral relations, fostering partnerships beyond trade driven by shared ambitions, Export Development Board Chairman Mangala Wijesinghe told the Viet Nam Sri Lanka Business forum held in Colombo on Friday (8). Sri Lanka stands ready to work hand-in-hand with Viet Nam to build a partnership that goes
- [Fintrex Finance and APTS Mark GO-LIVE of Nimble Core Banking System Powered by Craft Silicon](https://economictimes.lk/index.php/2026/05/12/fintrex-finance-and-apts-mark-go-live-of-nimble-core-banking-system-powered-by-craft-silicon/) - A remarkable milestone in digital transformation has been achieved with the successful implementation and Go-Live of a new Core Banking System for Fintrex Finance, led by APTS as the local implementation partner. This achievement marks the beginning of a new platform for innovative, agile, and efficient financial services. Branded as Nimble, and powered in collaboration
- [Export sector to benefit from lower input costs- World Bank](https://economictimes.lk/index.php/2026/05/12/export-sector-to-benefit-from-lower-input-costs-world-bank/) - The ongoing and planned trade reforms, including the gradual removal of para-tariffs, could improve competitiveness and increase household consumption by around 3.1%, with stronger gains for lower-income households, the World Bank’s April 2026 South Asia Economic Update release on Friday(8) said. The planned import duty cuts would be steepest among the emerging export industries of
- [Proposal to establish ‘Gem Bank’ to make Lanka richest country in world](https://economictimes.lk/index.php/2026/05/12/proposal-to-establish-gem-bank-to-make-lanka-richest-country-in-world/) - A special proposal has been submitted to make Sri Lanka the richest country in the world, based on the gem resources it possesses. The Chairman of the All Ceylon Gem Miners and Dealers Association, Dr. Thilakasiri Vitarana, has submitted this proposal to President Anura Kumara Dissanayake recently. The main point of this proposal is to
- [ASPI declines by 52 points](https://economictimes.lk/index.php/2026/05/12/aspi-declines-by-52-points/) - Renewed tensions in the Middle East weighed negatively on the Colombo Bourse alongside rising global oil prices. The ASPI declined by 52 points during yesterday’s session, reversing the early gains recorded at the opening and ultimately closing at 23,012, while the S&P SL20 fell by 19 points to settle at 6,300. CINS, JKH, COMB, DFCC
- [Nemantha Abeysinghe joins WEBXPAY Board as Non-Executive Director](https://economictimes.lk/index.php/2026/05/12/nemantha-abeysinghe-joins-webxpay-board-as-non-executive-director/) - Sri Lanka’s fast-growing fintech sector received another boost after WEBXPAY Ltd appointed corporate leader Nemantha Nilhan Abeysinghe as an Independent Non-Executive Director to its Board. Abeysinghe brings more than 30 years of experience in corporate leadership, finance, strategy and business development, having served in senior positions in both local and international organisations. His appointment is
- [RTS Holdings’ Hidellana and Avissawella tea factories get Zero Carbon Manufacturing Certification](https://economictimes.lk/index.php/2026/05/12/rts-holdings-hidellana-and-avissawella-tea-factories-get-zero-carbon-manufacturing-certification/) - RTS Holdings has reached a significant milestone in Sri Lanka’s tea industry with its Hidellana and Avissawella Tea Factories being awarded the prestigious Zero Carbon Manufacturing Certification by The Sustainable Future Group, reinforcing its leadership in sustainable tea production. The certification, granted to Avissawella Tea Factory (Private) Limited, and recognizes the factory’s successful transition to
- [Importance of inclusive economic growth and trade-driven development stressed](https://economictimes.lk/index.php/2026/05/11/importance-of-inclusive-economic-growth-and-trade-driven-development-stressed/) - Executive Director of the Centre for Poverty Analysis (CEPA) Prof. Sirimal Abeyratne, stressed the importance of inclusive economic growth and trade-driven development while addressing the International Conference on “Poverty and Development in times of crisis” in Colombo yesterday (08). Addressing the conference, Prof. Abeyratne emphasized that sustainable development depends not only on economic expansion but
- [A full-power authority to straighten out failing businesses](https://economictimes.lk/index.php/2026/05/11/a-full-power-authority-to-straighten-out-failing-businesses/) - Several ministries and institutions are to jointly establish a full-power authority to carry out regulatory work related to the revival of failing businesses. One representative each from the Ministries of Finance, Justice and Trade, a representative from the Securities and Exchange Commission of Sri Lanka, a representative each from the Registrar of Companies, the Commissioner
- [‘Maldives open, ambitious and ready to partner’](https://economictimes.lk/index.php/2026/05/11/maldives-open-ambitious-and-ready-to-partner/) - The Maldives currently runs a trade deficit with Sri Lanka of over $166 million. While this reflects the strong presence of Sri Lankan goods in the Maldivian market, it also signals an opportunity to deepen and rebalance the partnership through greater two-way trade, targeted investments and high-impact joint ventures, Mohamed Saeed, Minister of Economic Development
- [People’s Bank supports National QR Payment Adoption Programme](https://economictimes.lk/index.php/2026/05/11/peoples-bank-supports-national-qr-payment-adoption-programme/) - Marking a significant milestone in Sri Lanka’s digital transformation journey, the National QR Payment Adoption Programme was recently launched with the objective of accelerating the country’s transition towards a cash-lite economy. The initiative aims to reduce reliance on physical currency by promoting the widespread use of QR-based digital payments, enabling individuals and businesses to conduct
- [Food & Hospitality Asia Maldives expo to be held in Sept.](https://economictimes.lk/index.php/2026/05/11/food-hospitality-asia-maldives-expo-to-be-held-in-sept/) - Food & Hospitality Asia Maldives (FHAM) 2026 will take place from 7th to 9th September 2026 at the Manhattan Grand Hotel, bringing together global brands, regional suppliers, and key decision-makers from across the hospitality and tourism sectors. Recognized as the Maldives’ largest and most influential international hospitality exhibition, FHAM continues to serve as a key platform
- [“Poverty not just lack of money, but lack of opportunity, agency and dignity”](https://economictimes.lk/index.php/2026/05/08/poverty-not-just-lack-of-money-but-lack-of-opportunity-agency-and-dignity/) - Executive Director of the Centre for Poverty Analysis (CEPA) Prof. Sirimal Abeyratne said that poverty is not just a lack of money, it is a lack of opportunity, a lack of agency and a lack of dignity. He made these remarks while addressing the International Conference on “Poverty and Development in Times of Crisis” in
- [Embassy of Nepal in Colombo hosts Sri Lanka–Nepal Business Council](https://economictimes.lk/index.php/2026/05/08/embassy-of-nepal-in-colombo-hosts-sri-lanka-nepal-business-council/) - The Embassy of Nepal in Colombo hosted the Sri Lanka–Nepal Business Council (SLNBC) recently at the Cinnamon Lakeside Hotel, Colombo. The formal installation ceremony was marked by the presence of Dr. Purna Bahadur Nepali, the Ambassador of Nepal to Sri Lanka, foreign diplomats and dignitaries, representatives from the Embassy of Nepal in Colombo, leading Sri
- [DFCC Bank strengthens digital capability through FITIS membership](https://economictimes.lk/index.php/2026/05/08/dfcc-bank-strengthens-digital-capability-through-fitis-membership/) - DFCC Bank PLC has been certified as a Full Member of the Federation of Information Technology Industry Sri Lanka (FITIS) for 2026, marking a step in the Bank’s ongoing effort to strengthen its digital capability and align more closely with the country’s evolving technology ecosystem. As Sri Lanka’s ICT industry body, FITIS brings together technology
- [Republic of Korea and Sri Lanka convene 2026 EDCF Policy Dialogue](https://economictimes.lk/index.php/2026/05/08/republic-of-korea-and-sri-lanka-convene-2026-edcf-policy-dialogue/) - The Government of Sri Lanka (GoSL) and the Government of the Republic of Korea (ROK) successfully held the Economic Development Cooperation Fund (EDCF) Policy Dialogue 2026 on 28 April 2026 at the Randora Auditorium, Ministry of Finance, Planning and Economic Development. The Meeting was co-chaired by the Government of Sri Lanka and the Republic of
- [Huge potential to develop joint ventures with Maldives](https://economictimes.lk/index.php/2026/05/08/huge-potential-to-develop-joint-ventures-with-maldives/) - Sri Lanka remained resilient through fiscal discipline, structural reforms, strengthened governance and strong international support, despite facing several challenges during recent times, including global uncertainties and tensions, shifting trade conditions and the impact of severe weather, Prime Minister Dr Harini Amarasuriya told the Sri Lanka Maldives Business Forum held in Colombo on May 5. “We
- [The Future of European Chemical Industry: Innovation, sustainability and global competition](https://economictimes.lk/index.php/2026/05/07/the-future-of-european-chemical-industry-innovation-sustainability-and-global-competition/) - In early nineties Sri Lankan manufactures very convince with European raw materials which was always quality consistence and long regarded as a global leader in innovation, is now entering a transformative period. Faced with rising energy costs, stricter environmental regulations, and increasing global competition, the sector must evolve rapidly to remain competitive in the decades
- [Virtual ‘Discover Ceylon’ opens new pathway for Sri Lanka tourism](https://economictimes.lk/index.php/2026/05/07/virtual-discover-ceylon-opens-new-pathway-for-sri-lanka-tourism/) - Sri Lanka’s tourism sector is embracing digital innovation with “Discover Ceylon,” an immersive virtual experience designed to attract a new generation of global travellers through gaming. Developed by Sea Pony Studios (Pvt) Ltd in collaboration with the Sri Lanka Tourism Promotion Bureau (SLTPB) and endorsed by the Sri Lanka Tourism Development Authority (SLTDA), the initiative
- [Global Innovation Summit highlights Sri Lanka–India collaboration](https://economictimes.lk/index.php/2026/05/07/global-innovation-summit-highlights-sri-lanka-india-collaboration/) - The Global Innovation & Leadership Summit, organised by Zee Media and the WION International Media Network, was held last week at the Cinnamon Grand Colombo, bringing together policymakers, business leaders and diplomats from Sri Lanka and India to strengthen bilateral ties and promote regional collaboration. The summit recognised the achievements of leading Indian entrepreneurs for
- [Richard Pieris Finance launches device financing solution for Samsung smartphones](https://economictimes.lk/index.php/2026/05/07/richard-pieris-finance-launches-device-financing-solution-for-samsung-smartphones/) - Richard Pieris Finance Limited (RPFL) has expanded its consumer financing portfolio with the launch of a new device financing solution for Samsung smartphones through authorized mobile dealers of John Keells Office Automation, enabling customers to access premium mobile devices through affordable and flexible instalment plans. The initiative, introduced under the Samsung Exclusive Easy Pay programme,
- [Seylan Bank recognised employees with commendable performance](https://economictimes.lk/index.php/2026/05/07/seylan-bank-recognised-employees-with-commendable-performance/) - Seylan Bank recently recognised employees who achieved notable success at national-level mercantile sports competitions, reaffirming the Bank’s commitment to holistic employee development, teamwork and well-being beyond the workplace. The recognition, led by the Bank’s Director/Chief Executive Officer, Ramesh Jayasekara, celebrated employees and teams who delivered commendable performances at the 2025 Mercantile Tournaments, securing championship honours
- [‘Lanka natural and strategic destination for Maldivian investors’](https://economictimes.lk/index.php/2026/05/06/lanka-natural-and-strategic-destination-for-maldivian-investors/) - Maldivian businesses are increasingly seeking opportunities abroad and Sri Lanka remains a natural and strategic destination for their expansion, Mohamed Muizzu, President of the Republic of Maldives said addressing the Maldives-Sri Lanka Business Forum held yesterday in Colombo. “Equally, we hope to see greater openness for Maldivian enterprises in Sri Lanka. Two-way investment flows are
- [ComBank named ‘Best Bank in Sri Lanka’ by Global Finance Magazine](https://economictimes.lk/index.php/2026/05/06/combank-named-best-bank-in-sri-lanka-by-global-finance-magazine/) - In recognition of its outstanding performance and continued leadership in the banking sector, the Commercial Bank of Ceylon has once again been adjudged the ‘Best Bank in Sri Lanka’ by the US-based Global Finance magazine, marking the 24th occasion the Bank has received this prestigious accolade. The accolade comes as part of Global Finance’s ‘World’s
- [HUTCH Enterprise unlocks world-class global solutions to level up Lankan businesses](https://economictimes.lk/index.php/2026/05/06/hutch-enterprise-unlocks-world-class-global-solutions-to-level-up-lankan-businesses/) - HUTCH Sri Lanka is leveraging its international pedigree to bring the best of enterprise solutions to help Sri Lankan businesses leapfrog into a new era. As the country pushes forward with its digital ambitions, the company, backed by its parent, the global Fortune 500 giant – CK Hutchison Holdings, sees this as the right time
- [Sancharaka Udawa to boost country’s tourism recovery and global positioning](https://economictimes.lk/index.php/2026/05/06/sancharaka-udawa-to-boost-countrys-tourism-recovery-and-global-positioning/) - Sri Lanka’s flagship travel and tourism exhibition, Sancharaka Udawa 2026, will take place on May 15 and 16, bringing together a strong line-up of international buyers and local industry stakeholders in a move expected to boost the country’s tourism recovery and global positioning. The 13th edition of the exhibition, organised by the Sri Lanka Association
- [Sri Lanka Insurance Vehemently Rejects False Claims on Treasury Bond Investment](https://economictimes.lk/index.php/2026/05/06/sri-lanka-insurance-vehemently-rejects-false-claims-on-treasury-bond-investment/) - This statement is with reference to the media briefing and social media posts being made against SLIC’s investment in treasury bond auction on 9th April 2026. On 6th April 2026, Public Debt Management Office (PDMO) of Ministry of Finance, Planning and Economic Development made a public announcement of a treasury bond auction held on 9
- [DIMO Engine Care Elevates Precision Engineering with a State‑of‑the‑Art, Customer‑Centric Facility](https://economictimes.lk/index.php/2026/05/05/dimo-engine-care-elevates-precision-engineering-with-a-state‑of‑the‑art-customer‑centric-facility/) - DIMO’s Engine Care unit, one of the company’s long-standing and most technically specialized operations, has undergone a significant transformation, marking a new chapter in its evolution from a traditionally expertise-driven workshop into a modern, customer-focused engineering facility. Its profound technical expertise in handling intricate engine overhauling and machining requirements has long been acknowledged, and it
- [New laws to protect investments, foster PPPs](https://economictimes.lk/index.php/2026/05/05/new-laws-to-protect-investments-foster-ppps/) - The Sri Lankan economy has become predictable and stable, enhancing investment opportunities with the Government undertaking institutional reforms through digitization, creating a single window for trade and investments Deputy Minister of Industries and Entrepreneurship Development Chathuranga Abeysinghe told the Global Innovation & Leadership Summit held in Colombo on May 2. Large-scale infrastructure projects, including highways
- [Investor confidence underscores Vallibel Finance expansion drift](https://economictimes.lk/index.php/2026/05/05/investor-confidence-underscores-vallibel-finance-expansion-drift/) - Vallibel Finance has successfully raised over Rs. 2.1 billion through its Rights Issue, which was oversubscribed, reflecting strong investor confidence in the company’s strategic direction and long-term growth prospects. The Rights Issue, which involved the issuance of 29,431,675 new ordinary voting shares at Rs. 72 each, was offered to existing shareholders in the proportion of
- [‘VAT increased to 20.5%’ claim false](https://economictimes.lk/index.php/2026/05/05/vat-increased-to-20-5-claim-false/) - Deputy Minister of Economic Development Nishantha Jayaweera emphasizes that the claims circulating on social media that the Value Added Tax (VAT) has been increased to 20.5 percent based on a recently issued gazette notification by the government, are completely false and baseless. Speaking at a special media briefing held at the Ministry of Finance in
- [NDB posts LKR 1.75 Bn PAT for 1Q, after adjusting financial impact of fraud](https://economictimes.lk/index.php/2026/05/05/ndb-posts-lkr-1-75-bn-pat-for-1q-after-adjusting-financial-impact-of-fraud/) - Financial impact of the fraud of LKR 13.20 billion fully recognising FY 2024, FY 2025 and Q1 2026 financial periods LKR 2.67 billion financial impact arising from the fraud incurred in 1Q 2026 leading to a profit before all taxes of LKR 3.47 billion Gross income reaches LKR 26.50 billion during 1Q 2026, a year-on-year
- [Cumulative current account surplus to US$ 531Mn in 1Q- 2026](https://economictimes.lk/index.php/2026/05/05/cumulative-current-account-surplus-to-us-531mn-in-1q-2026/) - The external current account recorded a marginal surplus in March 2026, mainly supported by higher workers’ remittances and a lower primary income deficit, despite a widening of the trade deficit and a moderation in the services surplus compared to a year earlier. The cumulative current account surplus reached US$ 531 million during the first quarter
- [Cultus Workforce Development Services Enters Sri Lanka, Launching AWS re/Start and Job Readiness Programmes to Drive Youth Employability](https://economictimes.lk/index.php/2026/05/04/cultus-workforce-development-services-enters-sri-lanka-launching-aws-re-start-and-job-readiness-programmes-to-drive-youth-employability/) - Cultus Workforce Development Services Pvt Ltd., a subsidiary of Cultus Education and Technology Services, officially announced the launch of its operations in Sri Lanka at a special press conference, marking the entry of a global upskilling and placement-focused organization dedicated to workforce transformation. In addition to its proprietary Cultus Job Readiness (CJR) programme - a
- [Construction sector shows continued growth](https://economictimes.lk/index.php/2026/05/04/construction-sector-shows-continued-growth/) - The construction sector in Sri Lanka has shown continued growth, according to a latest report released by the Central Bank of Sri Lanka. The overall activity index for the construction sector recorded a value of 57.1 in March, which indicates that activity in the sector has continued to increase, albeit at a slightly slower pace
- [SDB bank recognised at LankaPay Technnovation Awards](https://economictimes.lk/index.php/2026/05/04/sdb-bank-recognised-at-lankapay-technnovation-awards/) - SDB bank has been recognised at the LankaPay Technnovation Awards 2026, where its flagship digital payment wallet, UPay, received a Merit recognition in the Best Digital Payment Application for Retail Payments category. This accolade reflects the bank’s commitment to advancing digital financial services and promoting seamless, secure, and accessible payment solutions for retail banking customers
- [Bank of Ceylon opens Badalgama branch, delivering modern banking services](https://economictimes.lk/index.php/2026/05/04/bank-of-ceylon-opens-badalgama-branch-delivering-modern-banking-services/) - The Bank of Ceylon (BOC) recently opened its Badalgama branch, yet another step towards delivering a modern banking experience and efficient service to customers. The new branch strengthens the Bank’s extensive network over 660 branches and more than 2,400 customer service centers across the island. Through this network, customers are able to seamlessly carry out
- [IChemC hosts Open Day at Malabe Campus](https://economictimes.lk/index.php/2026/05/04/ichemc-hosts-open-day-at-malabe-campus/) - The Institute of Chemistry Ceylon (IChemC) hosted its second Open Day on April 25, at its Malabe campus as part of its enrollment campaign for the upcoming academic year. The event was designed to provide prospective students and parents with comprehensive insights into the degree and diploma programmes offered by its educational arm, the College
- [SLECIC appoints Upeksha Subasinghe as GM](https://economictimes.lk/index.php/2026/04/30/slecic-appoints-upeksha-subasinghe-as-gm/) - At a pivotal stage where the Sri Lanka Export Credit Insurance Corporation (SLECIC) is building on a strong foundation and embracing a renewed strategic direction, the Corporation has announced the appointment of Upeksha Subasinghe as its new General Manager. Subasinghe is a seasoned professional with extensive experience in Human Resource Management, Administration and Leadership. He
- [Oil palm stakeholders urge resuming cultivation](https://economictimes.lk/index.php/2026/04/30/oil-palm-stakeholders-urge-resuming-cultivation/) - Smallholders of oil palm cultivation and experts in the economic agriculture sector emphasized that resuming oil palm cultivation can easily earn foreign exchange while quenching the local demand for edible oil. They pointed out that Sri Lanka is the only country in the world that has banned oil palm cultivation while countries like Malaysia, Indonesia,
- [Sri Lanka Insurance Corporation General Limited delivers strong financial performance in 2025](https://economictimes.lk/index.php/2026/04/30/sri-lanka-insurance-corporation-general-limited-delivers-strong-financial-performance-in-2025/) - Gross Written Premium (GWP) at Rs. 30.3 billion, sustaining portfolio strength. New Business Volume up Rs. 12.5 billion, a sharp rise from Rs. 8.3billion in 2024. Profit Before Tax at Rs. 3.3billion, demonstrating financial stability. Insurance claims and benefits amounting to Rs. 12.3 billion paid out, endorsing reliability. Strategic investments of Rs. 12.8 billion in
- [Seylan Bank reports PAT of LKR 2.91 Bn in Q1 – 2026](https://economictimes.lk/index.php/2026/04/30/seylan-bank-reports-pat-of-lkr-2-91-bn-in-q1-2026/) - The Bank recorded a Profit Before Income Tax (PBT) of LKR 4,548Mn in Q1 2026, against LKR 4,199 Mn reflecting a growth of 8.31%. For the three months ended 31st March 2026, Profit after Tax recorded by Seylan Bank was LKR 2,906 Mn with a growth of 5.25% against LKR 2,761 Mn recorded in the
- [Lanka exports to France top Euro 470 Mn mark in 2025](https://economictimes.lk/index.php/2026/04/30/lanka-exports-to-france-top-euro-470-mn-mark-in-2025/) - Bilateral trade between France and Sri Lanka stood at 556 million Euros in 2025,with French exports to Sri Lanka amounting to 85 million Euros, while French imports from Sri Lanka reached 470 million Euros. This resulted in a bilateral trade deficit of 385 million Euros, Remi Lambert, Ambassador of France to Sri Lanka told the
- [ECHA appoints Sun Siyam Pasikudah GM Arshed Refai as President](https://economictimes.lk/index.php/2026/04/29/echa-appoints-sun-siyam-pasikudah-gm-arshed-refai-as-president/) - Hoteliers along Sri Lanka’s Eastern Coast gathered at Sun Siyam Pasikudah on April 10, to confirm a new chapter for the Eastern Coast Hotel Association (ECHA), by appointing Arshed Refai, General Manager of Sun Siyam Pasikudah, as its new President. ECHA brings together hoteliers along Sri Lanka’s Eastern Coast around a shared purpose: raising Pasikudah’s
- [Pan Asia Bank offers customers with solutions to face energy crisis](https://economictimes.lk/index.php/2026/04/29/pan-asia-bank-offers-customers-with-solutions-to-face-energy-crisis/) - Pan Asia Bank has been driving innovation to offer both mobility and energy independence. Anticipating the growing challenges surrounding fuel availability and energy costs in the country, Pan Asia Bank took proactive steps to offer customers a forward-looking solution. Its EV Plus Leasing seamlessly combines electric vehicle (EV) leasing with a pre-approved solar energy facility
- [SLT-MOBITEL and STEMUP Educational Foundation partner for sixth consecutive year](https://economictimes.lk/index.php/2026/04/29/slt-mobitel-and-stemup-educational-foundation-partner-for-sixth-consecutive-year/) - SLT-MOBITEL has once again signed with the STEMUP Educational Foundation to conduct the Code Club programme. Entering its sixth year, the partnership continues to transform digital literacy access for students islandwide. The agreement was inked by Rohana Ellawala, Chief Marketing Officer, SLT-MOBITEL and Prabhath Mannapperuma, Founder of STEMUP Educational Foundation. SLT-MOBITEL understands that science, technology,
- [Become a ‘Social Scientist’ Study at CINEC Faculty of Humanities and Education](https://economictimes.lk/index.php/2026/04/29/become-a-social-scientist-study-at-cinec-faculty-of-humanities-and-education/) - A dynamic learning opportunity awaits at CINEC thanks to a variety of Diplomas and Degrees, all of which are approved by the UGC and MoHE of Sri Lanka, opening a host of opportunities and still accessible for all aspiring students. Planning ahead makes all the difference in today’s competitive world, and CINEC’s Degree and Diploma
- [Abdul Razak M. Muzammil Becomes First Sri Lankan to Earn Global CAMA2 Certification](https://economictimes.lk/index.php/2026/04/29/abdul-razak-m-muzammil-becomes-first-sri-lankan-to-earn-global-cama2-certification/) - In a historic milestone for Sri Lanka, Abdul Razak M. Muzammil has become the first Sri Lankan to be awarded the globally recognised CAMA² (Certified Asset Management Assessor) certification, setting a new benchmark for professional excellence in the country’s infrastructure and asset management sector. The CAMA2 designation, conferred by the World Partners in Asset Management
- [Sell-X Office Automation and TecCoop inks deal to drive digital transformation in cooperative sector](https://economictimes.lk/index.php/2026/04/28/sell-x-office-automation-and-teccoop-inks-deal-to-drive-digital-transformation-in-cooperative-sector/) - A significant milestone in Sri Lanka’s cooperative and technology sectors was marked on April 23, at Monarch Imperial, with the signing of a strategic partnership between Sell-X and TecCoop. This collaboration aims to elevate the cooperative movement into a new era of digital transformation, innovation, and customer-centric service delivery. TecCoop, a nationally registered cooperative operating
- [LOLC General Insurance recognised at BMPC Awards 2026](https://economictimes.lk/index.php/2026/04/28/lolc-general-insurance-recognised-at-bmpc-awards-2026/) - LOLC General Insurance PLC, a widely trusted and leading general insurance provider in Sri Lanka, has announced its recognition at the Best Management Practices Company Awards (BMPC) 2026, organised by the Institute of Chartered Professional Managers of Sri Lanka (CPM Sri Lanka). The company was awarded Runner-Up in the General Insurance (Private Sector) category and
- [People’s Bank presents 2025 Annual Report to CBSL Governor](https://economictimes.lk/index.php/2026/04/28/peoples-bank-presents-2025-annual-report-to-cbsl-governor/) - People’s Bank presented its 2025 Annual Report to the Governor of the Central Bank of Sri Lanka, Dr P. Nandalal Weerasinghe. The report was formally handed over by People’s Bank Chairman, Prof. Narada Fernando, Chief Executive Officer/General Manager, Clive Fonseka, and Deputy General Manager and Acting Head of Finance, Ms Nilmini Premalal. The 2025 Annual
- [Browns Beach Hotels ends trading on CSE](https://economictimes.lk/index.php/2026/04/28/browns-beach-hotels-ends-trading-on-cse/) - Fizel Jabir Browns Beach Hotels PLC (BBH) ended trading on the Colombo Stock Exchange yesterday ( 27) with suspension effective from today . The voluntary delisting follows sustained losses since 2019, a negative net asset position, and failure to meet CSE listing rules, including minimum public holding. Minority shareholders are offered a voluntary exit price
- [Measures to convert Lanka into Rs. 250 Bn event management hub](https://economictimes.lk/index.php/2026/04/28/measures-to-convert-lanka-into-rs-250-bn-event-management-hub/) - Making Sri Lanka an event management hub is on top of the government’s agenda, Minister of Industry and Entrepreneurship Development, Sunil Handunnetti told the launch event of Sri Lanka’s first event calendar held in Colombo on Thursday (23). Minister of Industry and Entrepreneurship Development Sunil Handunnetti He said, “Sri Lanka has naturally received many good opportunities
- [Official Launch of the Sri Lanka Event Calendar](https://economictimes.lk/index.php/2026/04/27/official-launch-of-the-sri-lanka-event-calendar/) - Sri Lanka Unveils Comprehensive National Event Calendar to Boost Global Tourism and Local Engagement At a recent ceremony held at the Shangri-La Colombo, the Event Management Association (EMA) of Sri Lanka unveiled the official Sri Lanka Event Calendar. Developed by the Event Management Advisory Committee under the guidance of the Ministry of Industry and Entrepreneurship
- [Sri Lanka secures $300 Mn from ADB for tourism revitalization](https://economictimes.lk/index.php/2026/04/27/sri-lanka-secures-300-mn-from-adb-for-tourism-revitalization/) - In a significant boost for its tourism sector, the Sri Lankan government has successfully negotiated a comprehensive funding package worth USD 300 million with the Asian Development Bank (ADB). This initiative aims to revitalize the country’s tourism industry, which has faced numerous challenges in recent years. Of the total funding, USD 100 million has already
- [Remittances in 1Q 2026 up by record of 27% to $ 2.29 Bn](https://economictimes.lk/index.php/2026/04/27/remittances-in-1q-2026-up-by-record-of-27-to-2-29-bn/) - The Sri Lanka Foreign Employment Bureau states that the amount of remittances sent by migrant workers to the country during the first quarter of this year has increased by 26.5% compared to the first quarter of last year. From January to March 2026, the country received remittances of US $ 2.29billion. The amount of remittances
- [Sri Lankan Travel Documentary wins ‘Top Honour’ at Global Media Awards 2026 in London](https://economictimes.lk/index.php/2026/04/27/sri-lankan-travel-documentary-wins-top-honour-at-global-media-awards-2026-in-london/) - Sri Lanka’s storytelling excellence took centre stage at the Inspire Global Media Awards 2026, held recently in London, United Kingdom with a packed room of media glitterati. The Sri Lankan travel documentary produced by Mark Julian Edwards won the Television Broadcast of the Year at the ceremony, contested by BBC and Amazon TV. The documentary
- [Cap Snap Lanka receives six international certifications including ISO-FSSC](https://economictimes.lk/index.php/2026/04/27/cap-snap-lanka-receives-six-international-certifications-including-iso-fssc/) - Cap Snap Lanka Pvt. Ltd., a member of the CSL Group, has received six internationally recognised certifications, including the Food Safety System Certification (FSSC 22000), at a ceremony held recently in Colombo. The achievement is particularly noteworthy as all six certifications were secured within just six months, reflecting the company’s strong commitment to quality, safety,
- [DIMO Cascades EV Expertise at the Mercedes-Benz Flying Doctor Service Clinic 2026](https://economictimes.lk/index.php/2026/04/27/dimo-cascades-ev-expertise-at-the-mercedes-benz-flying-doctor-service-clinic-2026/) - As the global automotive industry advances toward electrification, the need for specialized technical expertise and trusted aftersales support has become progressively critical. Against this evolving backdrop, DIMO, the authorized general distributor for Mercedes-Benz, continues to strengthen its commitment to delivering world-class ownership experiences in Sri Lanka through the recently held Mercedes-Benz Flying Doctor Service Clinic
- [E.B. Creasy, BIC and DENTA Factory wins Platinum at Responsible Care Excellence Awards](https://economictimes.lk/index.php/2026/04/27/e-b-creasy-bic-and-denta-factory-wins-platinum-at-responsible-care-excellence-awards/) - E. B. Creasy & Co., PLC – BIC & DENTA Factory, a leading manufacturer of personal care products in Sri Lanka, was recently honoured with the Platinum Award at the Responsible Care Excellence Awards 2025. Marking a significant milestone, E. B. Creasy & Co., PLC – BIC & DENTA Factory emerged as the only Platinum
- [Total export earnings increase to USD 4,308.11 Mn in 1Q -2026](https://economictimes.lk/index.php/2026/04/24/total-export-earnings-increase-to-usd-4308-11-mn-in-1q-2026/) - Sri Lanka’s total export earnings increased to USD 4,308.11 million in the first quarter of 2026, recording a growth of 1.59% compared to the same period in 2025, the Export Development Board said. Although export earnings in March were recorded at USD 1,467.31 million, it has decreased by 5.2 % compared to March last year.
- [Opportunities explored to strengthen bilateral trade between Sri Lanka and Republic of Korea](https://economictimes.lk/index.php/2026/04/24/opportunities-explored-to-strengthen-bilateral-trade-between-sri-lanka-and-republic-of-korea/) - The Sri Lanka–Korea Business Council of the Ceylon Chamber of Commerce recently hosted an awareness session titled “Doing Business with South Korea”, bringing together key stakeholders to explore opportunities for strengthening bilateral trade and investment relations between Sri Lanka and the Republic of Korea. The event was graced by Miyon Lee, Ambassador of the Republic
- [Sri Lanka Tourism Club unveils global campaign](https://economictimes.lk/index.php/2026/04/24/sri-lanka-tourism-club-unveils-global-campaign/) - In a bid to attract high-end travellers to the country and help increase tourism receipts, the Sri Lanka Tourism Club (SLTC) has launched a major international promotional drive, bringing in global media partners to support it. The mentor behind the project, Dr. Prabath Ukkwatte, Co-founder of the SLTC, said the organisation has been in existence
- [LOLC Finance secures Gold at LankaPay Technnovation Awards 2026](https://economictimes.lk/index.php/2026/04/24/lolc-finance-secures-gold-at-lankapay-technnovation-awards-2026/) - LOLC Finance PLC, one of Sri Lanka’s largest Non-Banking Financial Institution (NBFI), has reaffirmed its leadership in digital financial services, with its flagship platform iPay securing the Gold Award for Overall Excellence in Digital Payments for the seventh consecutive year at the LankaPayTechnnovation Awards 2026. The awards ceremony was held on March 24, at Cinnamon
- [HNB ‘Singithi Jumbo’ brings Avurudu spirit](https://economictimes.lk/index.php/2026/04/24/hnb-singithi-jumbo-brings-avurudu-spirit/) - HNB PLC, one of Sri Lanka’s most customer centric Bank welcomed the Sinhala and Tamil New Year with HNB ‘Singithi Jumbo’ to revive the nation’s savings culture. Coal company documents The HNB ‘Singithi Jumbo’ campaign will run throughout April and May, a period when families traditionally visit relatives, exchange gifts and begin the New Year
- [Hayleys Fentons Limited Ranks Among Top 40 at Best Management Practices Company Awards 2026](https://economictimes.lk/index.php/2026/04/23/hayleys-fentons-limited-ranks-among-top-40-at-best-management-practices-company-awards-2026/) - Dominating across sectors with multiple wins in Renewable Energy, Construction, and Project Engineering, alongside key recognitions in Digital and Sustainability excellence Hayleys Fentons Limited has been recognised among the Top Forty Outstanding Companies at the prestigious Best Management Practices Company Awards 2026, organised by the Institute of Chartered Professional Managers of Sri Lanka. Demonstrating excellence
- [Opportunities for Sri Lankan exporters in Türkiye](https://economictimes.lk/index.php/2026/04/23/opportunities-for-sri-lankan-exporters-in-turkiye/) - Lütfü Turgut, Ambassador of the Republic of Türkiye to Sri Lanka, emphasised the importance of strengthening bilateral trade relations. He highlighted opportunities for Sri Lankan exporters in several sectors while also pointing to collaboration opportunities, especially given the growing importance of governance and ethical trade standards, particularly for exporters seeking integration into global supply chains,
- [Sri Lanka’s debt restructuring process nearing completion](https://economictimes.lk/index.php/2026/04/23/sri-lankas-debt-restructuring-process-nearing-completion/) - Sri Lanka’s debt restructuring process is nearing completion, with significant progress recorded across negotiations and implementation, according to the latest 6th Co-Chairs Progress Report released by the Global Sovereign Debt Roundtable (GSDR) recently. The report states Sri Lanka’s debt restructuring is also nearly complete. Signature of bilateral agreements is well advanced while not yet fully
- [Sri Lanka’s Insurance Industry Development Roadmap launched](https://economictimes.lk/index.php/2026/04/23/sri-lankas-insurance-industry-development-roadmap-launched/) - The Insurance Regulatory Commission of Sri Lanka (IRCSL), in partnership with the Insurance Association of Sri Lanka (IASL), unveiled Sri Lanka’s Insurance Industry Development Roadmap yesterday (21) in Colombo, with the participation of Ananda Wijepala, Minister of Public Security and Parliamentary Affairs, attended the event as Chief Guest. The Roadmap is expected to serve as
- [‘Govt committed maintaining energy supply for uninterrupted industrial activity’](https://economictimes.lk/index.php/2026/04/23/govt-committed-maintaining-energy-supply-for-uninterrupted-industrial-activity/) - Chathuranga Abeysinghe, Deputy Minister of Industry and Entrepreneurship Development, outlined the Government’s utmost priority of maintaining stability in energy supply to ensure uninterrupted industrial activity addressing the National Chamber of Exporters of Sri Lanka (NCE) 40th Anniversary held in Colombo recently. He also focused on the need to strengthen Sri Lanka’s supply chains. “We can
- [Classic Travel Continues Its Support for Local Sports with Royal College Rugby 2026 Partnership](https://economictimes.lk/index.php/2026/04/23/classic-travel-continues-its-support-for-local-sports-with-royal-college-rugby-2026-partnership/) - Classic Travel has been appointed as the Official Travel Partner for Royal College Colombo’s Rugby Team for 2026, reinforcing its growing commitment to supporting and uplifting sports in Sri Lanka. This partnership marks another step in Classic Travel’s efforts to actively contribute to the development of local sports, backing one of the country’s most prestigious
- [SME sector under restructure targeting $36 Bn export goal by 2030](https://economictimes.lk/index.php/2026/04/22/sme-sector-under-restructure-targeting-36-bn-export-goal-by-2030/) - Sri Lanka is restructuring its SME sector by consolidating agencies into a new Industrial Transformation and Innovation Authority (ITIA) to foster a cohesive, export-oriented ecosystem, Chathuranga Abeysinghe, Deputy Minister of Industry and Entrepreneurship Development told the American Chamber of Commerce of Sri Lanka (AmCham) CEO Forum 2026 held in Colombo recently. The ITIA will be
- [Govt aims doubling economy to $ 200 Bn](https://economictimes.lk/index.php/2026/04/22/govt-aims-doubling-economy-to-200-bn/) - The administration aims to double the economy to $200 billion and increase per capita income to $10,000 within a decade by strengthening the production economy and implementing fiscal reforms, Dr. Harshana Suriyapperuma, Secretary to the Treasury told a CEO Forum held in Colombo recently. In his keynote note Dr. Suriyapperuma outlined a strategic roadmap for
- [“Govt’s efforts to strengthen investment climate critical for private capital”](https://economictimes.lk/index.php/2026/04/22/govts-efforts-to-strengthen-investment-climate-critical-for-private-capital/) - The United States is committed to expanding trade, opening markets for American exports, and championing private sector-led growth, when countries create transparent systems, strengthen rule of law, and create predictable regulatory environments, American businesses respond with investment, innovation, and long-term partnership, Charge D’Affaires Jayne Howell, US Embassy in Sri Lanka told a CEO Forum held
- [Tourist visits top 800,000](https://economictimes.lk/index.php/2026/04/22/tourist-visits-top-800000/) - Sri Lanka Tourism Development Authority (SLTDA) statistics revealed that the number of foreign tourists who have visited the country so far this year has exceeded eight hundred thousand. Marking a significant progress in the first two months of this year, 740,634 foreign tourists had arrived in the country by the end of March. Including 68,961
- [G24 urges wealthier nations and MDI’s to support developing countries](https://economictimes.lk/index.php/2026/04/22/g24-urges-wealthier-nations-and-mdis-to-support-developing-countries/) - The Intergovernmental Group of Twenty-Four (G24) has urged wealthier nations and multilateral development institutions to step up support for developing countries struggling with the economic fallout of the ongoing conflict in the Middle East, while stressing that domestic resource mobilisation remains critical for long-term resilience. G24 Chair and Nigeria’s Minister of Finance and Coordinating Minister
- [Lankan companies gains exposure at CIFE Expo in China](https://economictimes.lk/index.php/2026/04/21/lankan-companies-gains-exposure-at-cife-expo-in-china/) - Leading Sri Lankan companies gained significant exposure at the recent CIFE Expo held in Dongguan, Guangdong Province, China, highlighting the country’s vibrant export potential. Imagiland Group’s CEO, Bean, shared key insights from this milestone event, emphasising the strong presence of Sri Lankan products and promising business prospects. At the Sri Lankan national pavilion, five distinguished
- [RMD Consultants to conduct Japanese Management Training Programme](https://economictimes.lk/index.php/2026/04/21/rmd-consultants-to-conduct-japanese-management-training-programme/) - RMD Consultants (Pvt) Ltd, a leading HR consultancy specialising in human resources management, has announced its 3rd public Japanese Management Training Programme (MTP), starting May 6. This programme also marks the 60th MTP batch conducted in Sri Lanka, reinforcing RMD’s reputation in management development and organisational excellence. The six-week programme, held at a leading four-star
- [Fashion Bug elevates Colombo retail with expansion of Colpetty Flagship](https://economictimes.lk/index.php/2026/04/21/fashion-bug-elevates-colombo-retail-with-expansion-of-colpetty-flagship/) - Strengthening its footprint in Sri Lanka’s competitive fashion retail sector, Fashion Bug opened a newly developed wing at its Colpetty branch on February 18. This milestone reflects the brand’s continued investment in enhancing customer experience and expanding its portfolio. The Colpetty branch, established in 1998 as the Fashion Bug’s third outlet and first venture into
- [Très Jolie Handmade Sri Lankan Batik Cotton Sarees – Colour Your Life!](https://economictimes.lk/index.php/2026/04/21/tres-jolie-handmade-sri-lankan-batik-cotton-sarees-colour-your-life/) - Step into elegance with our handcrafted batik cotton sarees, where tradition meets modern sophistication. Each piece is a unique work of art, created with vibrant colours and intricate designs that reflect the beauty of Sri Lankan craftsmanship. Made from breathable cotton, Très Jolie sarees are comfortable for everyday wear, yet versatile enough to grace office
- [GV Auto delivers a total solution for electric mobility, strengthening Sri Lanka’s EV landscape with global brands](https://economictimes.lk/index.php/2026/04/21/gv-auto-delivers-a-total-solution-for-electric-mobility-strengthening-sri-lankas-ev-landscape-with-global-brands/) - Gavinro International recently launched its electric vehicle arm, GV Auto, a modern, practical, cost-effective solution for navigating a rapidly evolving economic and energy landscape today. Building on its legacy of innovation and forward-thinking enterprise, the Gavinro Group of Companies over the years has established a strong presence across multiple sectors, guided by a commitment to
- [Motadata Empowers British School of Colombo with Intelligent, Proactive IT Operations](https://economictimes.lk/index.php/2026/04/21/motadata-empowers-british-school-of-colombo-with-intelligent-proactive-it-operations/) - Motadata, a leading provider of Unified Observability and ServiceOps solutions, empowers enterprises with an AI-powered unified platform that delivers complete visibility, control, and intelligence across complex IT environments. By bringing observability and service management together under a single integrated stack, Motadata helps organizations proactively streamline operations, reduce downtime, and align IT performance with business outcomes.
- [Singapore’s Gold Standard: Aventude Wins Top Honours for Engineering Excellence](https://economictimes.lk/index.php/2026/04/21/singapores-gold-standard-aventude-wins-top-honours-for-engineering-excellence/) - Aventude has secured a major win at the Singapore Business Review Technology Excellence Awards 2026, taking home the award for Information Management – Computer Software in recognition of its outstanding engineering contribution to Norway’s public sector digitalisation through the low code platform, Compose. This recognition places Aventude among a distinguished group of companies driving digital transformation
- [Global growth could fall to 2% , inflation up 6% – IMF](https://economictimes.lk/index.php/2026/04/20/global-growth-could-fall-to-2-inflation-up-6-imf/) - As IMF was looking to lift up the global growth forecast in 2026 the war in the Middle East halted this momentum. The closing of the Strait of Hormuz and serious damage to critical energy facilities in the Middle East raise the prospect of a major energy crisis should a durable solution not be found
- [People’s Bank offers gifts for Avurudu Ganu Denu](https://economictimes.lk/index.php/2026/04/20/peoples-bank-offers-gifts-for-avurudu-ganu-denu/) - People’s Bank, which introduced the tradition of doing business with the bank, is bringing new meaning to the Sinhala and Tamil Avurudu ‘Ganu Denu’ customs, to offer gifts to all those who take part in traditional Avurudu ‘Ganu Denu’. Deputy General Manager (Retail Banking & Overseas Customer Services) Aruni Liyanagunawardana stated; People’s Bank, known for
- [Expressway usage significantly increased during festive travel period](https://economictimes.lk/index.php/2026/04/20/expressway-usage-significantly-increased-during-festive-travel-period/) - The Road Development Authority (RDA) sources revealed that more than Rs. 441 million in revenue was generated from expressway usage during the New Year travel period from April 10 to April 18. RDA Director General Anuradha Hettiarachchi stated that a total of 1,170,830 vehicles used the expressway network during this period. Revenue was generated from
- [DFCC Bank conducts first ‘Wyapara Hamuwa’ for 2026 in Kuliyapitiya](https://economictimes.lk/index.php/2026/04/20/dfcc-bank-conducts-first-wyapara-hamuwa-for-2026-in-kuliyapitiya-2/) - DFCC Bank PLC conducted its first ‘Wyapara Hamuwa’ programme for 2026 in Kuliyapitiya, bringing together suppliers connected to PROJAR Lanka (Pvt) Ltd, a Spain-based coconut chips exporting company operating in the region. The programme engaged 40 coconut chips suppliers, creating a focused platform to strengthen financial understanding and business practices among small and medium-scale participants
- [Classic Travel Secures Top Recognition in Hospitality & Tourism at BMPC Awards 2026](https://economictimes.lk/index.php/2026/04/20/classic-travel-secures-top-recognition-in-hospitality-tourism-at-bmpc-awards-2026/) - Classic Travel has been recognised at the Best Management Practices Awards 2026, organised by the Chartered Institute of Personnel Management Sri Lanka, securing the Winner Award in the Hospitality & Tourism Services category and a Merit Award in Quality & Productivity. The Best Management Practices Awards recognise organisations that demonstrate excellence in strategic leadership and
- [APIIT and XpressJobs Partner to Redefine Early Career Access for Students](https://economictimes.lk/index.php/2026/04/17/apiit-and-xpressjobs-partner-to-redefine-early-career-access-for-students/) - Signed between the Asia Pacific Institute of Information Technology (APIIT) and XpressJobs, this partnership marks a strategic step towards integrating career access directly into the student journey. APIIT is a leading higher education institution in Sri Lanka, recognized for its globally benchmarked academic programmes and commitment to producing industry-ready graduates. XpressJobs is one of Sri Lanka’s most well-known
- [Roar Global supports inclusive growth through platform knowledge initiatives](https://economictimes.lk/index.php/2026/04/17/roar-global-supports-inclusive-growth-through-platform-knowledge-initiatives/) - Roar Global reinforced its commitment to expanding access to practical digital growth knowledge through its recent partnership with two women-centred initiatives in Sri Lanka - namely, SLASSCOM Women in Tech 4.0 and Spa Ceylon Ayurveda Wellness’s Her Business Matters events. Through these partnerships, Roar Global contributed platform-specific knowledge designed to help women entrepreneurs, professionals, and business
- [The Gratiaen Trust Announces the Longlist for the 33rd Annual Gratiaen Prize](https://economictimes.lk/index.php/2026/04/17/the-gratiaen-trust-announces-the-longlist-for-the-33rd-annual-gratiaen-prize/) - The Gratiaen Trust, in partnership with John Keells Foundation, and supported by the British Council, proudly announces the longlist for the 33rd annual Gratiaen Prize, Sri Lanka’s most prestigious literary accolade for creative writing in English. This announcement marks the first milestone in this year’s prize cycle, continuing a legacy of recognising and nurturing outstanding literary talent across the country. The 2026
- [Union Bank Simplifies Bulk Deposits for Businesses with Virtual Deposit Card](https://economictimes.lk/index.php/2026/04/17/union-bank-simplifies-bulk-deposits-for-businesses-with-virtual-deposit-card/) - Union Bank continues to transform digital banking for businesses with the introduction of a simplified virtual deposit card to support bulk deposits through Cash Deposit Machines (CDMs). The new facility is designed to support any business entity from corporates to SMEs and proprietors who regularly carry out high volume cash deposits during anytime of the
- [IBH Real Estate marks 06 years of growth and client trust](https://economictimes.lk/index.php/2026/04/17/ibh-real-estate-marks-06-years-of-growth-and-client-trust/) - Marking a significant milestone, IBH Real Estate celebrates six years in business this year, reflecting a journey defined by growth, trust and a commitment to excellence within Sri Lanka’s evolving real estate landscape. Founded in 2020 by Mr. Romesh Abeysekera, IBH Real Estate began with a clear vision - to provide a more structured, transparent
- [New CSE Branch Brings Galle Direct Access to Capital Market](https://economictimes.lk/index.php/2026/04/16/new-cse-branch-brings-galle-direct-access-to-capital-market/) - The Colombo Stock Exchange (CSE) officially opened its Galle Branch to the public, further strengthening its countrywide presence. The branch was inaugurated by Chairman of the Securities and Exchange Commission of Sri Lanka (SEC) Senior Professor D.B.P.H Dissabandara, Chairman of CSE Mr. Dimuthu Abeyesekera and Chief Executive Officer of CSE Mr. Rajeeva Bandaranaike in the
- [DFCC Bank Conducts First “Wyapara Hamuwa” for 2026 in Kuliyapitiya](https://economictimes.lk/index.php/2026/04/16/dfcc-bank-conducts-first-wyapara-hamuwa-for-2026-in-kuliyapitiya/) - DFCC Bank PLC conducted its first “Wyapara Hamuwa” programme for 2026 in Kuliyapitiya, bringing together suppliers connected to PROJAR Lanka (Pvt) Ltd, a Spain-based coconut chips exporting company operating in the region. The programme engaged 40 coconut chips suppliers, creating a focused platform to strengthen financial understanding and business practices among small and medium-scale participants
- [G-24 Warns of Rising Global Risks: Sri Lanka Among Economies Exposed to External Shocks](https://economictimes.lk/index.php/2026/04/16/g-24-warns-of-rising-global-risks-sri-lanka-among-economies-exposed-to-external-shocks/) - The Intergovernmental Group of Twenty-Four (G-24) has warned that escalating global risks, including geopolitical tensions, rising inflation, and tighter financial conditions could undermine fragile economic recoveries in developing countries such as Sri Lanka. In a communiqué issued following its meeting on April 14, 2026, on the sidelines of the IMF-World Bank Spring Meetings in Washington,
- [ComBank accelerates cashless public transport with NCG Express partnership](https://economictimes.lk/index.php/2026/04/16/combank-accelerates-cashless-public-transport-with-ncg-express-partnership/) - In a significant commitment of support to efforts to modernise Sri Lanka’s public passenger transport system, the Commercial Bank of Ceylon has partnered with NCG Express to introduce fully digital bus ticketing, enabling passengers to pay fares using cards, QR-based payments and contactless technology. The collaboration supports the Government’s Digital Ticketing Initiative and marks one
- [Deloitte Sri Lanka launches NBFI sector Compensation & Benefits Survey 2025](https://economictimes.lk/index.php/2026/04/16/deloitte-sri-lanka-launches-nbfi-sector-compensation-benefits-survey-2025/) - Deloitte Sri Lanka hosted a leadership briefing for Corporate Business Leaders and Human Resource Professionals of Non-Bank Financial Institutions (NBFIs) to mark the official launch of the Non-Bank Financial Institutions Sector Compensation & Benefits Survey 2025 report. The first NBFI sector focused pay survey in Sri Lanka by Deloitte, highlights how companies are responding to
- [LAUGFS Supermarkets expands network with 43rd outlet in Pitipana](https://economictimes.lk/index.php/2026/04/10/laugfs-supermarkets-expands-network-with-43rd-outlet-in-pitipana/) - LAUGFS Supermarkets, a leading retail chain in Sri Lanka, announced the opening of its 43rd outlet located in Pitipana, Homagama. This latest expansion reflects the company’s continued growth momentum and commitment to serving communities with quality products and exceptional service. The Pitipana outlet marks the third supermarket opening in the first quarter of 2026, following
- [Pan Asia Bank unveils Avurudu offers for credit cardholders](https://economictimes.lk/index.php/2026/04/10/pan-asia-bank-unveils-avurudu-offers-for-credit-cardholders/) - Pan Asia Bank is ushering in the festive season with an array of Avurudu promotions, offering over 250 special deals for its credit cardholders. Designed to enhance the spirit of celebration, these exclusive offers enable customers to enjoy discounts of up to 70% across a wide range of categories, making Avurudu a more rewarding and
- [Cargills Food City wins SLIM Kantar People’s Supermarket Brand of the Year Award](https://economictimes.lk/index.php/2026/04/10/cargills-food-city-wins-slim-kantar-peoples-supermarket-brand-of-the-year-award/) - Cargills Food City has been named the People’s Supermarket Brand of the Year 2026 at the SLIM Kantar Awards, marking an exceptional fifth consecutive year of recognition. This achievement reinforces Cargills Food City’s position as one of the leading consumer brands in Sri Lanka and reflects its strong connection with customers across the island. Since
- [Govt. allocates 40% of Rs. 95 Bn from Budget 2026 to promote entrepreneurs](https://economictimes.lk/index.php/2026/04/10/govt-allocates-40-of-rs-95-bn-from-budget-2026-to-promote-entrepreneurs/) - Director General of the Development Finance Department of the Ministry of Finance, Planning and Economic Development Manjula Hettiarachchi noted that forty per cent of Rs. 95 billion allocated by the government in the 2026 budget to promote entrepreneurs in the country has been disbursed to beneficiaries. More than forty per cent of the loans have
- [SEUIARS 2026 highlights importance of digital transformation to safeguard cultural identity](https://economictimes.lk/index.php/2026/04/10/seuiars-2026-highlights-importance-of-digital-transformation-to-safeguard-cultural-identity/) - The 12th International Arts Research Symposium (SEUIARS – 2026), hosted by the Faculty of Arts and Culture of the South Eastern University of Sri Lanka (SEUSL), underscored the growing importance of digital transformation in shaping the country’s academic and cultural landscape. The symposium brought together local and international scholars under the theme ‘Transformation through Digitalization:
- [Suren Rajakarier appointed managing partner of KPMG Sri Lanka and Maldives](https://economictimes.lk/index.php/2026/04/09/suren-rajakarier-appointed-managing-partner-of-kpmg-sri-lanka-and-maldives/) - In a key leadership appointment within the professional services sector, Suren Rajakarier has stepped into the role of Managing Partner of KPMG Sri Lanka and its Maldives practice, effective April 1. A respected figure in the accounting and audit profession, Rajakarier steps into the role following an illustrious career spanning over 38 years. He previously served as
- [Seylan Cards Avurudu campaign brings merchant offers and festive rewards](https://economictimes.lk/index.php/2026/04/09/seylan-cards-avurudu-campaign-brings-merchant-offers-and-festive-rewards/) - Seylan Bank has unveiled a range of seasonal offers for Seylan Credit and Debit Cardholders this Avurudu season, partnering with over 300 merchants across Sri Lanka to deliver discounts, flexible payment plans and lifestyle experiences during one of the country’s most celebrated festive periods. Positioned as the ‘Essential Card for heartfelt essentials,’ Seylan Cards aims
- [CINEC Campus ‘Open Week’ offers higher education opportunities](https://economictimes.lk/index.php/2026/04/09/cinec-campus-open-week-offers-higher-education-opportunities/) - The CINEC Campus, Malabe has announced ‘CINEC Campus Open Week’ as an awareness programme regarding higher education opportunities available to students after their Advanced Level (A/L) results. This programme is scheduled to take place from April 4-11, from 9 AM to 4 PM at the CINEC Campus premises Malabe. The event is chaired by Senior Prof. Sampath
- [SDB bank marks Int’l Women’s Day with series of events](https://economictimes.lk/index.php/2026/04/09/sdb-bank-marks-intl-womens-day-with-series-of-events/) - SDB bank marked International Women’s Day 2026 with a series of initiatives organised focused on employee wellbeing, reflecting its broader commitment to supporting women at multiple levels of society. The programme was designed to create a meaningful impact among employees, female entrepreneurs and the public, while also increasing the Bank’s visibility. As part of its
- [SLMBC holds business networking session](https://economictimes.lk/index.php/2026/04/08/slmbc-holds-business-networking-session/) - The Sri Lanka–Malaysia Business Council (SLMBC) of The Ceylon Chamber of Commerce hosted a business networking session recently at Marine Bay, Colombo, in collaboration with a visiting delegation from the Malaysian Indian Chamber of Commerce and Industry (MICCI), Penang. The 16-member delegation, representing 16 diverse companies, was led by Dato’ S. Parthiban, President of MICCI
- [DFCC Bank triumphs at LankaPay Technovation Awards](https://economictimes.lk/index.php/2026/04/08/dfcc-bank-triumphs-at-lankapay-technovation-awards/) - DFCC Bank received a Gold Award for Financial Inclusivity and a Merit Award for Customer Convenience at the LankaPay Technovation Awards 2026. The two categories that define how digital progress in banking is being measured, not by how advanced the technology is, but by how effectively it improves access, simplifies interactions and removes friction from
- [EVO by DIMO Accelerates Electric Mobility with Siemens EV Charging Technology](https://economictimes.lk/index.php/2026/04/08/evo-by-dimo-accelerates-electric-mobility-with-siemens-ev-charging-technology/) - The Power and Energy arm of DIMO has launched EVO by DIMO, a dedicated solutions platform designed to support the rapid development of Sri Lanka’s electric vehicle (EV) charging infrastructure. Covering charging capacities from 11kW to 360kW, the launch marks a significant milestone in the country’s evolving electric mobility ecosystem. Through this platform, DIMO introduces
- [Malaysian business delegation explores FDI opportunities in Sri Lanka](https://economictimes.lk/index.php/2026/04/08/malaysian-business-delegation-explores-fdi-opportunities-in-sri-lanka/) - A high-level delegation from the Malaysian Indian Chambers of Commerce and Industry, Penang (MICCI), visited the Sri Lanka Board of Investment (BOI) recently to explore potential foreign direct investment (FDI) opportunities across multiple sectors. The 15-member team, led by MICCI President Dato’ S. Parthiban, represented a diverse cross-section of industries including ICT, banking, agriculture, manufacturing,
- [CRIB and CBSL to support businesses affected by Ditwah](https://economictimes.lk/index.php/2026/04/08/crib-and-cbsl-to-support-businesses-affected-by-ditwah/) - The Credit Information Bureau of Sri Lanka (CRIB), under the guidance of the Central Bank of Sri Lanka (CBSL), has announced a series of relief measures aimed at supporting individuals and businesses affected by recent floods and cyclonic winds triggered by Cyclone Ditwah. CRIB Director/General Manager Pushpike Jayasundera stated that the initiative is designed to
- [Government hopes to reduce pressure on current tax payers – Dr. Harshana Suriyapperuma](https://economictimes.lk/index.php/2026/04/03/government-hopes-to-reduce-pressure-on-current-tax-payers-dr-harshana-suriyapperuma/) - Secretary to the Ministry of Finance Dr. Harshana Suriyapperuma said the Government hopes to reduce the pressure on the current tax payers and focus on reducing tax rates. He made this statement while issuing a special congratulatory message on the 94th anniversary of the Department of Inland Revenue. The Secretary pointed out that the ‘Department
- [HNB Assurance celebrates completion of ‘Certified Sales Manager Programme’ conducted with SLIM](https://economictimes.lk/index.php/2026/04/03/hnb-assurance-celebrates-completion-of-certified-sales-manager-programme-conducted-with-slim/) - HNB Assurance recently celebrated the completion of the Certified Sales Manager Programme, conducted in collaboration with the Sri Lanka Institute of Marketing (SLIM), marking a significant milestone in the professional development of its sales leadership team. Initiated for the sales management of the Partnership Channel of HNB Assurance, this programme stands as the first initiative
- [Awareness workshop on packaging strategies for spices by EDB](https://economictimes.lk/index.php/2026/04/03/awareness-workshop-on-packaging-strategies-for-spices-by-edb/) - The National Packaging Centre (NPC) of the Sri Lanka Export Development Board (EDB) recently conducted an awareness workshop on “Packaging strategies for Spices” for exporters and potential exporters, with the aim of enhancing their knowledge on packaging solutions that meet both local and international market standards. Over 65 exporters and potential exporters participated in the
- [Call for high-value tourism strategy to boost Sri Lanka’s tourist earnings](https://economictimes.lk/index.php/2026/04/03/call-for-high-value-tourism-strategy-to-boost-sri-lankas-tourist-earnings/) - Sri Lanka’s tourism industry should pivot towards attracting high-spending visitors through a structured national programme, a leading hotel industry official said, highlighting the potential to significantly increase foreign exchange earnings. Arshed Refai, General Manager of ‘Sun Siyam’ Pasikudah, a hotel run under the Maldivian based luxury hotel chain, stressed the need for a targeted strategy
- [Inflation is expected to be sustained at 5% through appropriate policy measures](https://economictimes.lk/index.php/2026/04/03/inflation-is-expected-to-be-sustained-at-5-through-appropriate-policy-measures/) - The Central Bank of Sri Lanka (CBSL) states that the increase in transportation costs can be considered as a major reason for the increase in inflation this year (2026). According to data compiled by the Department of Census and Statistics, the CBSL announces that the headline inflation measured by the Colombo Consumer Price Index (CCPI
- [NDB Bank secures top domestic ranking as Lanka’s Best Trade Finance Bank at Euromoney](https://economictimes.lk/index.php/2026/03/31/ndb-bank-secures-top-domestic-ranking-as-lankas-best-trade-finance-bank-at-euromoney/) - National Development Bank PLC (NDB) has been named Sri Lanka’s Best Trade Finance Bank at the Euromoney Awards for Excellence 2026, securing the #1 overall domestic ranking among local banks. This recognition determined through votes from corporate clients underscores the confidence placed in NDB by businesses across the country and reaffirms the Bank’s commitment to
- [Moose Clothing Company opens doors to new exclusive store at Galle City Centre](https://economictimes.lk/index.php/2026/03/31/moose-clothing-company-opens-doors-to-new-exclusive-store-at-galle-city-centre/) - Moose Clothing Company recently opened its third exclusive store at the Galle City Centre, marking yet another milestone in the brand’s retail expansion across the country. The new store brings the brands signature blend of style, quality, and accessibility to customers in the South, reinforcing its vision of making fashion more inclusive and widely available.
- [Assetline Insurance Brokers partners with Life Vision to elevate financial security and risk management](https://economictimes.lk/index.php/2026/03/31/assetline-insurance-brokers-partners-with-life-vision-to-elevate-financial-security-and-risk-management/) - Assetline Insurance Brokers (Private) Limited (AIBL), a subsidiary of the David Pieris Group of Companies, recently announced a strategic partnership with Life Vision Credit & Investment (Pvt) Ltd (LVC). Under this new agreement, AIBL will serve as the exclusive insurance service provider, managing the comprehensive insurance portfolio of Life Vision Credit & Investment (Pvt) Ltd.
- [More than 1,000 BAIC X55 SUVs hit Sri Lankan roads](https://economictimes.lk/index.php/2026/03/31/more-than-1000-baic-x55-suvs-hit-sri-lankan-roads/) - David Pieris Automobiles (Private) Limited (DPA), the four-wheeler sales arm of the David Pieris Group and the sole distributor for BAIC vehicles in Sri Lanka, recently celebrated a significant milestone with the release of its 1,000th BAIC X55. This achievement reinforces the company’s commitment to delivering high-quality vehicles while steadily increasing local value addition. The
- [Sun Siyam Pasikudah celebrates Int’l Women’s Day](https://economictimes.lk/index.php/2026/03/31/sun-siyam-pasikudah-celebrates-intl-womens-day/) - Sun Siyam Pasikudah, the boutique luxury resort that earned the Tripadvisor Travellers’ Choice Best of the Best award in 2025 and was named the Best Global Hotel Design winner at the Homes & Gardens Design Awards 2025, celebrated International Women’s Day on March 8, with a full programme of experiences designed to make every woman
- [Sands Active showcases pharmaceutical range at Medicare 2026 exhibition](https://economictimes.lk/index.php/2026/03/31/sands-active-showcases-pharmaceutical-range-at-medicare-2026-exhibition/) - Sands Active Private Limited, a conglomerate of Melwa, took part in the 15th edition of the Medicare International Healthcare Exhibition 2026 held at the BMICH in Colombo, where the company showcased a range of its pharmaceutical products to visitors from across the country. During the exhibition, company representatives also conducted awareness sessions to educate the
- [Discussions held on further expanding Indo-Lanka bilateral trade activities](https://economictimes.lk/index.php/2026/03/31/discussions-held-on-further-expanding-indo-lanka-bilateral-trade-activities/) - Indian High Commissioner Santosh Jha met with Minister of Trade, Commerce, Food Security and Cooperative Development Wasantha Samarasinghe on Friday (27) and held discussions on further expanding bilateral trade activities. Besides, discussions were held on further expanding the existing bilateral trade transactions between the two countries, promoting investment relations, identifying and encouraging new investment opportunities,
- [INSEE Sanstha Cement feted at SLIM Kantar People’s Awards](https://economictimes.lk/index.php/2026/03/30/insee-sanstha-cement-feted-at-slim-kantar-peoples-awards/) - INSEE Sanstha Cement has once again been crowned the People’s Housing & Construction Brand of the Year at the SLIM Kantar People’s Awards 2026, achieving an unprecedented milestone of 15 consecutive wins. The outstanding achievement reflects the brand’s enduring leadership in Sri Lanka’s housing and construction sector, reinforced by the trust of generations of builders,
- [HNB happiness cards bring Avurudu value and rewards to cardholders](https://economictimes.lk/index.php/2026/03/30/hnb-happiness-cards-bring-avurudu-value-and-rewards-to-cardholders/) - HNB PLC, has rolled out its Avurudu cardholder offering for March and April 2026, combining seasonal savings and flexible payment options with a broader emphasis on the everyday value, convenience and flexibility HNB Cards bring to people. Through this year’s seasonal offers across shopping, travel, lifestyle, and day-to-day spending, the Bank is also bringing into sharper focus
- [Ceylon Cold Stores receives Gold at NCE Export Awards](https://economictimes.lk/index.php/2026/03/30/ceylon-cold-stores-receives-gold-at-nce-export-awards/) - Ceylon Cold Stores PLC (CCS) has once again affirmed its standing as a powerhouse in Sri Lanka’s export landscape, securing the Gold Award in the Large Category of the Confectionery Products Sector at the NCE Export Awards 2025. The accolade, presented at the awards ceremony held on February 13, recognises the company’s outstanding export performance
- [DFCC Bank introduces ‘Winner Savings Account’ offering higher returns](https://economictimes.lk/index.php/2026/03/30/dfcc-bank-introduces-winner-savings-account-offering-higher-returns/) - DFCC Bank is positioning its Winner Savings Account against tension. The account offers a higher return without requiring customers to lock themselves into rigid conditions. There is no requirement to make fresh deposits each month, no minimum transaction thresholds to maintain and no restrictions on withdrawals simply to qualify for better interest. Customers are able
- [Sri Lanka meets international assessment, targets preventing money laundering](https://economictimes.lk/index.php/2026/03/27/sri-lanka-meets-international-assessment-targets-preventing-money-laundering/) - In accordance with the Financial Intelligence Unit (FIU), the country’s preliminary measures to prevent money laundering and terrorist financing, which are expected to be adopted at the annual general meeting of the Asia-Pacific Anti-Money Laundering Group (APG) to be held in July next year, have been implemented according to the scheduled dates and planed. Commenting
- [No restrictions on vehicle imports – CBSL Governor](https://economictimes.lk/index.php/2026/03/27/no-restrictions-on-vehicle-imports-cbsl-governor/) - The Central Bank of Sri Lanka (CBSL) Governor Dr. Nandalal Weerasinghe stated that there is no need to restrict vehicle imports at this juncture as the country’s gross official foreign exchange reserves has increased to US$ 7.3 billion by end last month. He made these remarks in response to a question raised by the media,
- [KOKO wins Gold for Excellence in Digital Payments at LankaPay Technnovation Awards](https://economictimes.lk/index.php/2026/03/27/koko-wins-gold-for-excellence-in-digital-payments-at-lankapay-technnovation-awards/) - KOKO, Sri Lanka’s premier BNPL platform and fintech innovator, won the Overall Gold Award for Excellence in Digital Payments together with three category Gold Awards at the Grand Finale of the LankaPay Technnovation Awards 2026, marking a standout result in the company’s first year of participation. The event was attended by key leaders from Sri
- [SLIC donates Rs. 10 Mn to ‘Rebuild Sri Lanka’ Fund](https://economictimes.lk/index.php/2026/03/27/slic-donates-rs-10-mn-to-rebuild-sri-lanka-fund/) - SLIC donated Rs. 10 million to the ‘Rebuild Sri Lanka’ Fund in support of families affected by the recent ‘Ditwah’ cyclone. The contribution was formally handed over to the Secretary to the Treasury, Dr. Harshana Suriyapperuma, at the Ministry of Finance, Planning and Economic Development on March 16. This donation will contribute towards national relief
- [CBSL keeps Policy Rate steady at 7.75% amid global uncertainty](https://economictimes.lk/index.php/2026/03/27/cbsl-keeps-policy-rate-steady-at-7-75-amid-global-uncertainty/) - The Central Bank of Sri Lanka (CBSL) has decided to maintain the Overnight Policy Rate (OPR) at 7.75%, citing the need to balance stable inflation with emerging global risks, particularly those stemming from escalating geopolitical tensions in the Middle East. Governor of the CBSL Dr. Nandalal Weerasinghe said that the Monetary Policy Board of the
- [NPCI expands UPI acceptance to boost Indian tourist spending](https://economictimes.lk/index.php/2026/03/26/npci-expands-upi-acceptance-to-boost-indian-tourist-spending/) - NPCI International Payments Limited (NIPL), the global arm of the National Payments Corporation of India (NPCI), has stepped up efforts to expand Unified Payments Interface (UPI) merchant acceptance in Sri Lanka, aiming to deliver seamless digital payment experiences for Indian tourists while supporting the island’s growing digital economy. UPI, India’s real-time payment system, processes over
- [Melsta Hospitals NITF partners to expand healthcare access for Agrahara beneficiaries](https://economictimes.lk/index.php/2026/03/26/melsta-hospitals-nitf-partners-to-expand-healthcare-access-for-agrahara-beneficiaries/) - Melsta Hospitals – a reputed healthcare provider serving the Colombo and Gampaha districts and a fully owned subsidiary of Melstacorp PLC – has entered into a transformative partnership with the National Insurance Trust Fund (NITF) to provide enhanced medical benefits to beneficiaries of the Agrahara insurance scheme. This collaboration is a significant stride toward bridging
- [Cargills Bank Wasi Litha: A collection of wonderful savings for your Avurudu celebration](https://economictimes.lk/index.php/2026/03/26/cargills-bank-wasi-litha-a-collection-of-wonderful-savings-for-your-avurudu-celebration/) - As the punyakalaya approaches and the sound of the koha fills the air, Cargills Bank is back with its promise of unprecedented savings, adding even more joy and financial flexibility to the Sinhala and Tamil New Year celebrations. True to its ethos, the bank is making this Avurudu a truly memorable one for all its
- [Be Dapper reopens in Dehiwala](https://economictimes.lk/index.php/2026/03/26/be-dapper-reopens-in-dehiwala/) - Be Dapper, the contemporary men’s fashion destination known for its distinctive streetwear identity and curated international brands, has reopened its refurbished store in Dehiwala. The transformation establishes the outlet as one of the largest men’s fashion store and collection in the Dehiwala area, marking an important milestone in the brand’s evolution. The newly redesigned store
- [DIMO and MTU Host Technical Forum to Showcase Next-Generation Engineering Solutions](https://economictimes.lk/index.php/2026/03/26/dimo-and-mtu-host-technical-forum-to-showcase-next-generation-engineering-solutions/) - DIMO and MTU continue to strengthen their long-standing partnership of over three decades in Sri Lanka and the Maldives, delivering advanced propulsion and power solutions across marine, railway, power generation, and critical infrastructure sectors. The collaboration, which has over 400 MTU systems in operation throughout the region, is essential to support transportation, industrial applications, and
- [NOLIMIT unveils fashion destination in Kiribathgoda](https://economictimes.lk/index.php/2026/03/26/nolimit-unveils-fashion-destination-in-kiribathgoda/) - NOLIMIT, a leading fashion retail chain, has further expanded its islandwide footprint with the opening of its 29th store marking another significant milestone in the brand’s ongoing growth journey. The new outlet is located at G-3, Udeshi City Shopping Complex on Makola Road, Kiribathgoda,. Strategically positioned in one of the most dynamic suburban retail hubsin
- [SheTrades Sri Lanka Hub supports women entrepreneurs to explore export opportunities](https://economictimes.lk/index.php/2026/03/25/shetrades-sri-lanka-hub-supports-women-entrepreneurs-to-explore-export-opportunities/) - The Sri Lanka Export Development Board (EDB), through the SheTrades Sri Lanka Hub, successfully conducted a Training Programme on Branding and Digital Marketing for women entrepreneurs in Anuradhapura, with the participation of over 50 women led businesses The programme was organized under EDB’s Export oriented Women Entrepreneurship Development in Regions initiative, aiming to strengthen the
- [Cenmetrix achieves ISO 9001:2015 certification, marking milestone in quality excellence](https://economictimes.lk/index.php/2026/03/25/cenmetrix-achieves-iso-90012015-certification-marking-milestone-in-quality-excellence/) - Cenmetrix recently achieved ISO 9001:2015 certification, the world’s most widely recognised standard for Quality Management Systems (QMS). This significant milestone reflects the company’s strong commitment to quality assurance, continuous improvement and operational excellence across its technology solutions and services. Following the successful completion of all certification requirements and full conformity with ISO 9001:2015 standards, the
- [Aberdeen Holdings marks 30 years honours senior emplolyees](https://economictimes.lk/index.php/2026/03/25/aberdeen-holdings-marks-30-years-honours-senior-emplolyees/) - Aberdeen Holdings marks its 30th anniversary, reflecting on a journey shaped not only by growth and diversification but also by the people who have stood behind the organisation for three decades. While scale and longevity are notable achievements, Aberdeen’s leadership emphasises that the Group’s real strength lies in continuity – in the individuals whose long-term
- [Siyapatha Finance debenture issue oversubscribed](https://economictimes.lk/index.php/2026/03/25/siyapatha-finance-debenture-issue-oversubscribed/) - Siyapatha Finance PLC, a subsidiary of Sampath Bank PLC and a prominent leader in Sri Lanka’s non-banking financial sector, announces the resounding success of its recent debenture issuance, which received an overwhelming response from investors, meeting and surpassing all expectations. The highly anticipated initial public offering of Siyapatha Finance PLC’s Subordinated debenture issuance, officially opened
- [Global crisis puts pressure on exporters – CAL](https://economictimes.lk/index.php/2026/03/25/global-crisis-puts-pressure-on-exporters-cal/) - Sri Lanka’s export sector is navigating a complex landscape of operational volatility, caught between the potential windfalls of currency depreciation and the harsh realities of rising global costs. According to insights from the CAL Research team, while the overall equity proposition remains strong due to subdued interest rates, the current geopolitical crisis has introduced significant
- [NDB’s GSS+Bond Issuance raises Rs. 16 Bn breaking new ground](https://economictimes.lk/index.php/2026/03/24/ndbs-gssbond-issuance-raises-rs-16-bn-breaking-new-ground/) - National Development Bank PLC (NDB)commemorated raising LKR.16bn with its first ever issuance of BASEL III compliant GSS+ (Green, Social, Sustainable & Sustainability Linked)bonds and the country’s largestissuance of GSS+ bonds to dateby way of a market opening ceremony conducted on the trading floor of the Colombo Stock Exchange (CSE) last Friday. Subscriptions were opened on
- [Bank of Ceylon reinforces banking partnerships with India](https://economictimes.lk/index.php/2026/03/24/bank-of-ceylon-reinforces-banking-partnerships-with-india/) - The Bank of Ceylon (BOC) recently concluded a highly impactful and strategically significant visit to India, reaffirming its commitment to strengthening international banking relationships, enhancing regulatory engagement and unlocking new avenues for growth across the region. The delegation was under the patronage of Chairman Kavinda de Zoysa General Manager/CEO Y.A. Jayathilaka, Deputy General Manager International,
- [LANKATILES unveils 59th showroom in Jaffna](https://economictimes.lk/index.php/2026/03/24/lankatiles-unveils-59th-showroom-in-jaffna/) - LANKATILES recently celebrated the opening of its 59th showroom in in the Northern Peninsula, marking a significant milestone in the company’s continued journey of bringing refined design and premium surfaces closer to communities across the island. Located at KKS Road, Vannar Pannai, Jaffna, the new showroom stands as a sophisticated destination where homeowners, architects and
- [Cargills adopts Crow Island Beach in partnership with COF Lanka](https://economictimes.lk/index.php/2026/03/24/cargills-adopts-crow-island-beach-in-partnership-with-cof-lanka/) - Cargills Food and Beverage Ltd. through its brands KIST and Knuckles, has signed a Memorandum of Understanding (MoU) with Clean Ocean Force Lanka (COF) to adopt Crow Island Beach for one year, reinforcing its commitment to long-term coastal conservation in Sri Lanka. This pioneering initiative is designed to protect and preserve the coastal environment through
- [Sri Lanka to gain substantial economic and cultural dividends](https://economictimes.lk/index.php/2026/03/24/sri-lanka-to-gain-substantial-economic-and-cultural-dividends/) - Sri Lanka stands to gain substantial economic and cultural dividends by strategically positioning its film industry to serve the global market, according to film director Dr. Arosha Fernando. Speaking on the future of local cinema, Dr. Fernando emphasized that Sri Lanka’s film sector has long been inward-looking, with most productions tailored primarily for domestic audiences.
- [Advanced Neonatal Care, Closer to Parents: Joseph Fraser Introduces Its Enhanced NICU](https://economictimes.lk/index.php/2026/03/24/advanced-neonatal-care-closer-to-parents-joseph-fraser-introduces-its-enhanced-nicu/) - The arrival of a newborn should be a moment of joy, yet for many parents, the need for Neonatal Intensive Care Unit (NICU) support can bring anxiety and uncertainty. Recognising both the medical and emotional requirements of families during this critical time, Joseph Fraser Hospital has announced the enhancement of its Neonatal Intensive Care Unit
- [The Faculty of Brands launches mission to put Sri Lanka on global creative map](https://economictimes.lk/index.php/2026/03/23/the-faculty-of-brands-launches-mission-to-put-sri-lanka-on-global-creative-map/) - The Faculty of Brands launched an event on March 9, attended by members of Sri Lanka’s marketing and advertising industry, marking the start of its efforts to drive collaboration with global and local experts and industry bodies to bring much needed practical marketing and branding knowledge to the industry. The initiative aims to build the
- [Seylan Bank introduces ‘3-day loan decision’ to help SMEs](https://economictimes.lk/index.php/2026/03/23/seylan-bank-introduces-3-day-loan-decision-to-help-smes/) - Seylan Bank PLC has introduced a new feature to its SME loans portfolio, offering loan decisions within three working days for facilities below Rs. 25 million, once the required documentation is submitted. The initiative is designed to address one of the most common challenges faced by small and medium enterprises (SMEs), lengthy waiting periods to
- [Ensure exporters receive fuel stocks without delay](https://economictimes.lk/index.php/2026/03/23/ensure-exporters-receive-fuel-stocks-without-delay/) - In a critical response to Sri Lanka’s escalating fuel shortages driven by Middle East tensions and QR rationing. The Export Development Board (EDB) has introduced a priority programme to ensure exporters receive their essential fuel stocks without delay. Treating the export sector as the nation’s top priority, this government-backed initiative aims to shield over 4,500
- [CRIB, IRCSL establish Centralised Insurance Data Repository system](https://economictimes.lk/index.php/2026/03/23/crib-ircsl-establish-centralised-insurance-data-repository-system/) - The Credit Information Bureau of Sri Lanka (CRIB), in collaboration with the Insurance Regulatory Commission of Sri Lanka (IRCSL), has marked a significant milestone in the country’s insurance sector with the signing of agreements to establish a Centralised Insurance Data Repository System a first-of-its-kind national initiative to unify insurance industry data. The Centralised Insurance Data Repository will
- [NSB records highest-ever profit in 2025 amid strong financial performance](https://economictimes.lk/index.php/2026/03/20/nsb-records-highest-ever-profit-in-2025-amid-strong-financial-performance/) - The National Savings Bank (NSB) has reported its highest-ever profit for the financial year ended December 31, 2025, reflecting robust growth across core banking operations and strengthened financial stability. The State-owned savings bank posted a record operating profit of Rs. 59 billion, marking a 55% increase year-on-year, while profit after tax (PAT) rose sharply by
- [AIA Platinum Sponsor of EFC National Best Employer Awards](https://economictimes.lk/index.php/2026/03/20/aia-platinum-sponsor-of-efc-national-best-employer-awards/) - AIA Insurance, was the Platinum Sponsor of the inaugural EFC National Best Employer Awards 2025, a landmark national initiative organised by the Employers’ Federation of Ceylon (EFC), to recognise organisations that exemplify excellence in people‑centred leadership and responsible employment practices in Sri Lanka. The awards ceremony held recently brought together leaders from across the corporate,
- [NCCSL hosts hands-on AI Productivity Workshop for business leaders](https://economictimes.lk/index.php/2026/03/20/nccsl-hosts-hands-on-ai-productivity-workshop-for-business-leaders/) - The National Chamber of Commerce of Sri Lanka (NCCSL) has announced the conclusion of a hands-on workshop titled ‘Empowering Businesses with AI-Driven Productivity’ held on March 17, at the Auditorium of the National Chamber of Commerce. The programme brought together CEOs, Directors, Managers, Entrepreneurs, Government officials, and business professionals to equip them with modern technology.
- [New Anthoney’s Farms marks third year at Healthy Living Expo](https://economictimes.lk/index.php/2026/03/20/new-anthoneys-farms-marks-third-year-at-healthy-living-expo/) - New Anthoney’s Farms, Sri Lanka’s pioneering producer of antibiotic-free, no-added hormones poultry, once again took its place at the Healthy Living Expo 2026, marking its third consecutive year at the country’s foremost wellness exhibition. The Expo ran from March 6-8, at the Bandaranaike Memorial International Conference Hall (BMICH), Colombo, welcoming free and open attendance from
- [CanCham Sri Lanka opens in Colombo 7](https://economictimes.lk/index.php/2026/03/20/cancham-sri-lanka-opens-in-colombo-7/) - The Canadian Chamber of Commerce (CanCham) Sri Lanka has announced its opening, dedicated to fostering economic growth, supporting local businesses and providing advocacy for the business community. The opening ceremony was held at the new premises Horton Place, Colombo 07 recently. The mission of the chamber is to empower local businesses, drive sustainable economic development
- [Colombo West International Terminal handles 1 Mn TEU’s](https://economictimes.lk/index.php/2026/03/19/colombo-west-international-terminal-handles-1-mn-teus/) - Sri Lanka’s maritime sector marked a historic milestone as Colombo West International Terminal (Private) Limited (CWIT) announced that it had successfully handled one million twenty-foot equivalent units (TEUs) within its first year of operations. The achievement represents the fastest time any terminal at the Port of Colombo has reached the one-million-container mark during its inaugural
- [Banking sector assets up by 21.4% in 2025](https://economictimes.lk/index.php/2026/03/19/banking-sector-assets-up-by-21-4-in-2025/) - The financial sector in Sri Lanka has witnessed strong growth in 2025, with the profitability and lending growth of banks and financial institutions increasing, the Central Bank of Sri Lanka (CBSL) statistics revealed. Accordingly, a number of key financial indicators have seen significant growth, and the stability of the banking and non-banking financial institutions system
- [Britol partners GP Certified to interate certified recycled plastics in FMCG Packaging](https://economictimes.lk/index.php/2026/03/19/britol-partners-gp-certified-to-interate-certified-recycled-plastics-in-fmcg-packaging/) - In a revolutionary step towards sustainable manufacturing, reducing plastic pollution and creating local jobs, Britol and the Antler Group of Companies partnered with GP Certified to integrate certified recycled plastics into large-scale production of their products. This initiative marks a significant milestone in the plastics and recycling industry. Most brands in Sri Lanka use virgin
- [Colombo Bourse recovers on discount-driven buying](https://economictimes.lk/index.php/2026/03/19/colombo-bourse-recovers-on-discount-driven-buying/) - Colombo Bourse recorded a modest upward movement, supported by the stabilization in global crude oil prices. Following the previous session’s decline, investors capitalized on attractive valuations, engaging in bargain hunting and driving a measured recovery in market sentiment. The ASPI moved up by 223 points, closing at 20,641, while S&P SL20 Index closed at 5,766,
- [Dialog introduces Oscal Tiger 8 5G to expand affordable 5G access in Sri Lanka](https://economictimes.lk/index.php/2026/03/19/dialog-introduces-oscal-tiger-8-5g-to-expand-affordable-5g-access-in-sri-lanka/) - Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, announced the introduction of the Oscal Tiger 8 5G, further expanding access to next-generation mobile connectivity across the country. Positioned as one of the most affordable 5G smartphones in the market, the device enables more Sri Lankans to upgrade to fast and reliable 5G connectivity. The Oscal
- [Nations Trust Bank Partners with National Chamber of Exporters to Strengthen Support for Sri Lankan Exporters](https://economictimes.lk/index.php/2026/03/19/nations-trust-bank-partners-with-national-chamber-of-exporters-to-strengthen-support-for-sri-lankan-exporters/) - Nations Trust Bank (NTB) partnered with the National Chamber of Exporters of Sri Lanka (NCE) to support Sri Lankan exporters and strengthen export‑led economic growth across the country. Through this collaboration, both NTB and NCE will work together to enable exporters through networking opportunities, extensive knowledge sharing platforms, recognition initiatives, and practical business enablement programmes.
- [Kotmale moves to forge an ‘iron’ nation](https://economictimes.lk/index.php/2026/03/18/kotmale-moves-to-forge-an-iron-nation/) - Kotmale recently partnered the IRONKIDS Colombo event as principal sponsor, supporting nearly 400 young participants as part of the IRONMAN 70.3 Colombo Triathlon held in the city. While the internationally recognised IRONMAN event attracted athletes from around the world to compete across the scenic 70.3 km triathlon course, IRONKIDS provided a special platform for children
- [Sri Lankan tea brand secures highest price](https://economictimes.lk/index.php/2026/03/18/sri-lankan-tea-brand-secures-highest-price/) - A Sri Lankan tea brand secured the highest price at this week tea auctions amounting to Rs 6,950. Accordingly, Maleesha Tea Factory, situated in Agalawatta in the Kalutara District, realized the highest price of Rs. 6,950 for a Premium Flowery (FBOPFSP) invoice, despite prevailing global market uncertainties. The line was sold through the catalogue of Lanka Commodity Brokers Ltd.
- [Sri Lanka shows tourism potential at ITB Berlin](https://economictimes.lk/index.php/2026/03/18/sri-lanka-shows-tourism-potential-at-itb-berlin/) - Sri Lanka was able to conclude its participation at the ITB 2026 on a successful note, attracting visitors both German and from all across the European Region. The Sri Lanka Pavilion was a major attraction throughout the entire event, with its traditional dance performances, culture and glamour, and the myriad of Travel opportunities and Tourism products they
- [CBSL to conduct nationwide survey](https://economictimes.lk/index.php/2026/03/18/cbsl-to-conduct-nationwide-survey/) - The Central Bank of Sri Lanka (CBSL) has initiated steps to conduct a nationwide survey aimed at gathering comprehensive data on financial inclusion in the country as part of efforts to formulate the National Financial Inclusion Strategy Phase II. According to the CBSL, the survey will be carried out across 480 Grama Niladhari Divisions covering
- [Asiri Laboratories Introduces BioFire® FilmArray® — Sri Lanka’s First Rapid Infectious Disease Diagnostic System](https://economictimes.lk/index.php/2026/03/18/asiri-laboratories-introduces-biofire-filmarray-sri-lankas-first-rapid-infectious-disease-diagnostic-system/) - Revolutionary syndromic molecular testing platform delivers faster, more accurate results to enhance patient outcomes and clinical decision-making In a landmark step toward advancing infectious disease diagnostics, Asiri Laboratories has introduced the BioFire® FilmArray® System — a cutting-edge multiplex PCR platform that transforms pathogen detection with unmatched speed, accuracy, and confidence. This breakthrough marks a significant leap in Sri Lanka’s diagnostic
- [Siyapatha Finance to issue LKR 3.75 Bn debentures](https://economictimes.lk/index.php/2026/03/18/siyapatha-finance-to-issue-lkr-3-75-bn-debentures/) - Siyapatha Finance PLC, the largest subsidiary of Sampath Bank PLC and a prominent leader distinguished in Sri Lanka’s non-bank financial sector, announced its decision to raise a maximum of Rs. 3.75 billion through its debenture issue. The Board of Directors approved the decision to raise funds through the issuance on the 26 th August, 2025
- [T9 Hunters Rally opens new chapter for JAC T9 owners’ community in Sri Lanka](https://economictimes.lk/index.php/2026/03/17/t9-hunters-rally-opens-new-chapter-for-jac-t9-owners-community-in-sri-lanka/) - Euro Motors recently launched the T9 Hunters Rally, the inaugural event of the JAC T9 Owners Club in Sri Lanka, bringing together proud owners of the powerful pickup for a day that celebrated performance, adventure, and community. The rally marked a significant milestone for the rapidly growing network of JAC T9 owners and highlighted the
- [SEC Chairman highlights stronger regulatory framework and market development vision](https://economictimes.lk/index.php/2026/03/17/sec-chairman-highlights-stronger-regulatory-framework-and-market-development-vision/) - Senior Professor Hareendra Dissabandara, Chairman of the Securities and Exchange Commission of Sri Lanka, emphasized the importance of a robust regulatory framework and long-term market development while addressing the Second National Capital Markets Symposium organized by the Bar Association of Sri Lanka. Delivering the keynote speech at the event, Prof. Dissabandara highlighted that the Securities
- [Electric vehicle use rising in Sri Lanka as economy and environment benefit](https://economictimes.lk/index.php/2026/03/17/electric-vehicle-use-rising-in-sri-lanka-as-economy-and-environment-benefit/) - Chairman of New Energy Vehicle (NEV) Importers Association Mahinda Herath told the Daily News that the use of electric vehicles (EVs) in Sri Lanka is steadily increasing, reflecting a growing shift towards cleaner and more cost-efficient transportation. Industry data shows that EVs accounted for around 10 percent of passenger vehicle imports in 2025, highlighting the
- [Sri Lanka promotes marine tourism through celebrity diving expedition](https://economictimes.lk/index.php/2026/03/17/sri-lanka-promotes-marine-tourism-through-celebrity-diving-expedition/) - Renowned Serbian celebrity divers Janez Kranje and Ivana Orlovic Kranjc stressed that Sri Lanka has a huge potential unlike most other island nations, in promoting marine tourism and celebrity diving since Sri Lanka offers divers a unique opportunity to explore the ocean’s natural beauty and underwater ecosystems. They made these remarks addressing the media recently
- [Japanese delegation in Sri Lanka for tourism promotion](https://economictimes.lk/index.php/2026/03/17/japanese-delegation-in-sri-lanka-for-tourism-promotion/) - A Japanese delegation comprising 11 members, who arrived in Sri Lanka for tourism promotion under the coordination of Connaissance De Ceylan, one of the country’s leading tourism companies, visited the Presidential Secretariat on March 14. The primary objective of the delegation is to study and gain a deeper understanding of Sri Lanka’s people’s history, the
- [Caltex Abimani scholarships strengthen female talent pipeline in STEM](https://economictimes.lk/index.php/2026/03/17/caltex-abimani-scholarships-strengthen-female-talent-pipeline-in-stem/) - Chevron Lubricants Lanka PLC, in collaboration with the Ceylon German Technical Training Institute launched Caltex Abimani Women in STEM, a corporate social responsibility initiative designed to empower young Sri Lankan women pursuing education in science, technology, engineering and mathematics (STEM). The initiative highlights Chevron’s commitment to diversity and inclusion. The program supports deserving students with
- [TechnoMate, EMCO CAL and Cal Pacific host Sri Lanka's first ever Berry Industry Development Forum](https://economictimes.lk/index.php/2026/03/16/technomate-emco-cal-and-cal-pacific-host-sri-lankas-first-ever-berry-industry-development-forum/) - Government, Industry and researchers discuss opportunities to develop high-value berry sector Nuwara Eliya: TechnoMate Ltd, in partnership with EMCO CAL (USA) and Cal Pacific Agri Solutions Pvt. Ltd. (India), recently hosted the Sri Lanka Berry Industry Development Forum 2026 at Araliya Green City, Nuwara Eliya, bringing together government officials, researchers, growers and industry stakeholders to
- [SLT-MOBITEL unveils redesigned fibre broadband packages for homes and businesses](https://economictimes.lk/index.php/2026/03/16/slt-mobitel-unveils-redesigned-fibre-broadband-packages-for-homes-and-businesses/) - SLT-MOBITEL has unveiled a redesigned portfolio of Fibre Unlimited broadband packages, empowering customers to step confidently into a digitally connected future driven by speed, stability and unlimited possibilities. Sri Lanka’s National ICT Solutions Provider introduces a revitalised range of unlimited packages, crafted to meet the evolving digital lifestyles of households and the growing connectivity demands
- [HNB enables Google Pay for Debit Cards via Google Wallet](https://economictimes.lk/index.php/2026/03/16/hnb-enables-google-pay-for-debit-cards-via-google-wallet/) - HNB PLC has enabled Google Wallet support for its Debit Card customers, allowing eligible cardholders to make contactless payments using Google Pay through Android smartphones and supported wearable devices. The capability expands customers’ payment options for day-to-day transactions, supporting greater convenience at contactless payment points locally and overseas. With this enablement, customers can add their
- [Browns EV unveils fast-charging BAW E7 Pro electric vehicle](https://economictimes.lk/index.php/2026/03/16/browns-ev-unveils-fast-charging-baw-e7-pro-electric-vehicle/) - Browns EV launched the fast-charging BAW E7 Pro electric vehicle to the Sri Lankan market recently. The unveiling marks another significant milestone in the evolution of Sri Lanka’s electric mobility landscape and reflects Browns EV’s continued commitment to expanding a diverse portfolio of high-quality, accessible electric vehicles designed to meet the evolving needs of modern
- [City of Dreams Sri Lanka and Cinnamon Hotels initiate direct flights in partnership with FitsAir](https://economictimes.lk/index.php/2026/03/16/city-of-dreams-sri-lanka-and-cinnamon-hotels-initiate-direct-flights-in-partnership-with-fitsair/) - City of Dreams Sri Lanka, in collaboration with Cinnamon Hotels & Resorts and Walkers Tours, have partnered with FitsAir, on their direct scheduled passenger flights connecting Ahmedabad and Colombo, enhancing connectivity for Indian travellers to South Asia’s first fully integrated resort. FitsAir, Sri Lanka’s first private international airline, will operate the service, providing travellers with
- [Nestlé Lanka marks 120 years of operations in Sri Lanka](https://economictimes.lk/index.php/2026/03/13/nestle-lanka-marks-120-years-of-operations-in-sri-lanka/) - Nestle Lanka Limited has marked a significant milestone this year, celebrating 120 years of operations in Sri Lanka, highlighting its long-standing contribution to the country’s food and beverage industry and its commitment to community development and sustainability. Nestle was established in 1906, the company has grown from modest beginnings to become one of the country’s
- [People’s Bank safeguards financial stability while achieving record profitability](https://economictimes.lk/index.php/2026/03/13/peoples-bank-safeguards-financial-stability-while-achieving-record-profitability/) - People’s Bank, one of Sri Lanka’s leading financial services provider, recently announced its highest-ever Profit After Tax of LKR 40.2 billion for the year ended December 31, 2025.In an interview with our staffer from the Daily News Business, the Bank’s Deputy General Manager and Acting Head of Finance, Nilmini Premalal, shared insights into the Bank’s
- [Solo Bowl unveils first dine-in experience in Colombo](https://economictimes.lk/index.php/2026/03/13/solo-bowl-unveils-first-dine-in-experience-in-colombo/) - Solo Bowl has unveiled its first-ever dine-in outlet, marking a significant milestone in the brand’s growth journey. The new outlet is located at Kotte Road, Etul Kotte, Colombo, was opened to the public on February 18, introducing a fresh and immersive dining experience to the city. The opening was attended by Ajit Gunewardene, Chairman of
- [JXG feted at CA Sri Lanka 60th anniversary TAGS Awards](https://economictimes.lk/index.php/2026/03/13/jxg-feted-at-ca-sri-lanka-60th-anniversary-tags-awards/) - Janashakthi Finance PLC, a member of JXG (Janashakthi Group) has been recognised with multiple accolades at the CA Sri Lanka 60th Anniversary TAGS Awards 2025 (Transparency, Accountability, Governance and Sustainability), reaffirming its strong commitment to corporate governance, transparency and high standards of corporate reporting. The 60th Anniversary ‘Diamond Chapter’ of the TAGS Awards ceremony was
- [CBC Finance commemorates Int’l Women’s Day with development session](https://economictimes.lk/index.php/2026/03/13/cbc-finance-commemorates-intl-womens-day-with-development-session/) - CBC Finance PLC recently marked International Women’s Day with an inspiring professional development session led by Amalie Abeysundara, a prominent voice in leadership. Moving beyond traditional corporate advice, the session focused on a journey of leadership and strategies for sustained professional growth. Abeysundara encouraged the CBC Finance team to embrace their individual potential and lead
- [Sri Lanka completes National Risk Assessment on money laundering and terrorist financing](https://economictimes.lk/index.php/2026/03/12/sri-lanka-completes-national-risk-assessment-on-money-laundering-and-terrorist-financing/) - Sri Lanka has completed its third National Risk Assessment (NRA) for 2024/25 on money laundering, terrorist financing and proliferation financing, providing a comprehensive evaluation of the country’s exposure to financial crimes and emerging threats. A total of 86 government institutions, regulatory bodies and private sector organisations participated in the process, with nearly 200 experts contributing
- [Government to replace Information and Communication Technology Agency with ‘GovTech’ Institution](https://economictimes.lk/index.php/2026/03/12/government-to-replace-information-and-communication-technology-agency-with-govtech-institution/) - The government has decided to establish a ‘GovTech’ institution to replace the Information and Communication Technology Agency (ICTA) operating under the Ministry of Digital Economy to provide a more efficient digital technology service. The aim of this reform is to accelerate the digital transformation process in Sri Lanka and increase the technological efficiency of the
- [SriLankan Airlines enhances Australia connectivity with 14 weekly flights](https://economictimes.lk/index.php/2026/03/12/srilankan-airlines-enhances-australia-connectivity-with-14-weekly-flights/) - SriLankan Airlines is set to increase its weekly service between Colombo and Melbourne to ten flights, effective from August 2, with the addition of three more scheduled flights in response to growing demand and evolving market dynamics. The expansion reinforces the airline’s commitment to strengthening its footprint in Australia, has been identified as one of
- [Industry leaders recognised for supporting revival of industries affected by Ditwah](https://economictimes.lk/index.php/2026/03/12/industry-leaders-recognised-for-supporting-revival-of-industries-affected-by-ditwah/) - Ministry of Industry and Entrepreneurship Development and the Industrial Development Board (IDB) launched the first phase of the Industry Revival Facilitation Programme (IRFP), to assist industries affected by the Ditwah cyclone that struck Sri Lanka in late November 2025 on March 10, under the patronage of Deputy Minister of Industry and Entrepreneurship Development, Chathuranga Abeysinghe.
- [Bottled water industry has huge potential to boost forex earnings](https://economictimes.lk/index.php/2026/03/12/bottled-water-industry-has-huge-potential-to-boost-forex-earnings/) - The convener of the Central Province Drinking Water Bottle Manufacturers Association, Sapumal Kumara, emphasizes the bottled water industry has a huge potential to boost as a foreign reserve generation industry. To reach this target it should find new foreign markets, where there is a scarcity of drinking water supply. However he empathised that some of
- [Seylan Tikiri revives student savings centre at S. Thomas’ Preparatory School](https://economictimes.lk/index.php/2026/03/11/seylan-tikiri-revives-student-savings-centre-at-s-thomas-preparatory-school/) - Seylan Tikiri revived the Tikiri Student Savings Centre at S. Thomas’ Preparatory School during the recent Grade 1 enrolment day. On the same day, parents took an important first step towards their children’s future by opening Tikiri accounts, helping young minds learn the value of saving and smart money management from an early age. The
- [LAUGFS Rubber shines with Gold at NCE Export Awards](https://economictimes.lk/index.php/2026/03/11/laugfs-rubber-shines-with-gold-at-nce-export-awards/) - LAUGFS Rubber has secured the Gold Award for the fifth consecutive year in the Extra-Large Category – Rubber Tyres and Accessories Sector at the NCE Export Awards 2025, organised by The National Chamber of Exporters of Sri Lanka. This top-tier recognition celebrates the Company’s exceptional performance in international trade, reflecting outstanding growth in export sales,
- [Alliance Finance recognised at ACCA Sri Lanka sustainability reporting awards](https://economictimes.lk/index.php/2026/03/11/alliance-finance-recognised-at-acca-sri-lanka-sustainability-reporting-awards/) - Alliance Finance Company PLC (AFC) has been recognised as the Runner-up in the Other Financial Services Category at the ACCA Sri Lanka Sustainability Reporting Awards 2024/25. According to the official Judges’ Report, AFC’s recognition was attributed to the issuance of Sri Lanka’s Green Bond and the dual listing of its Green Bond on the Luxembourg
- [Global Airlines raise fares as Middle East conflict sends jet fuel prices soaring](https://economictimes.lk/index.php/2026/03/11/global-airlines-raise-fares-as-middle-east-conflict-sends-jet-fuel-prices-soaring/) - Global airlines are beginning to raise ticket prices as the escalating Middle East conflict drives a sharp surge in oil and jet fuel costs, placing renewed pressure on the international aviation industry. Many airlines announced on Tuesday that it has increased fares across its network in response to soaring jet fuel prices, while warning that
- [The Digital Leapfrog: Why the Next Era of Economic Agency for Women is On-Chain](https://economictimes.lk/index.php/2026/03/10/the-digital-leapfrog-why-the-next-era-of-economic-agency-for-women-is-on-chain/) - By Rachel Conlan, Global Chief Marketing Officer at Binance For decades, financial inclusion was measured in small wins: a bank account opened, a microloan disbursed, a woman added to the ledger. Those wins mattered. But in 2026, the question has fundamentally changed. We are no longer asking whether women can access the financial system. We
- [‘Lanka better prepared to deal with economic shocks now’](https://economictimes.lk/index.php/2026/03/10/lanka-better-prepared-to-deal-with-economic-shocks-now/) - Sri Lanka is better prepared to deal with the economic shocks that may arise from the increase in oil prices in the global market today, compared to the severe financial crisis of 2022, says Central Bank Governor Dr. Nandalal Weerasinghe. “As long as there is oil in the global market, Sri Lanka has the resources
- [National Tax Day on April 2](https://economictimes.lk/index.php/2026/03/10/national-tax-day-on-april-2/) - The government has decided to celebrate the “National Tax Day” on April 2 with great pride from this year onwards. Accordingly, it will be held on April 2nd, coinciding with the 94th anniversary of the Department of Inland Revenue, giving priority to all religious observances. The aim of the programme is to further develop it
- [BOC celebrates Int’l Women’s Day](https://economictimes.lk/index.php/2026/03/10/boc-celebrates-intl-womens-day/) - Marking International Women’s Day 2026 under the global theme ‘Give to Gain’, the Bank of Ceylon, one of the leading government bank in Sri Lanka with over 2,300 customer service touch points islandwide, reaffirms its commitment to empowering women through inclusive and accessible financial solutions. Aligned with the United Nations Sustainable Development Goal 5 on
- [CSE & NSEIX enter strategic partnership to expand capital market access](https://economictimes.lk/index.php/2026/03/10/cse-nseix-enter-strategic-partnership-to-expand-capital-market-access/) - The Colombo Stock Exchange (CSE) and NSE IFSC LIMITED (NSEIX), an international multi-asset exchange and wholly owned subsidiary of the National Stock Exchange of India Limited, signed a Memorandum of Understanding (MoU) recently to strengthen capital market cooperation between Sri Lanka and India Bringing together the senior leadership of both exchanges to formalise a strategic
- [National Export Awards Honours Ceylon Agro Industries for Export Excellence](https://economictimes.lk/index.php/2026/03/10/national-export-awards-honours-ceylon-agro-industries-for-export-excellence/) - Ceylon Agro Industries, Prima Group Sri Lanka, has been honoured with the Bronze Award in the Confectionery Products – Large Sector category at the prestigious National Export Awards 2025, organised by the National Chamber of Exporters of Sri Lanka (NCE). The company’s achievement in the highly competitive Large Sector category marks a significant milestone for
- [WTC wins Gold for ‘Most Energy Efficient Building’ at National Energy Efficiency Awards](https://economictimes.lk/index.php/2026/03/09/wtc-wins-gold-for-most-energy-efficient-building-at-national-energy-efficiency-awards/) - The World Trade Centre (WTC) Colombo has been honoured with the Gold Award for the Most Energy Efficient Building in Sri Lanka at the Sri Lanka National Energy Efficiency Awards 2025, organised by the Sri Lanka Sustainable Energy Authority under the guidance of the Ministry of Power and Energy. The recognition highlights WTC Colombo’s continued
- [People’s Bank commemorates Int’l Women’s Day with enhanced benefits for ‘Vanitha Vasana’](https://economictimes.lk/index.php/2026/03/09/peoples-bank-commemorates-intl-womens-day-with-enhanced-benefits-for-vanitha-vasana/) - In recognition of International Women’s Day on March 8, People’s Bank has announced an expansive suite of exclusive benefits and financial empowerment programmes under its flagship ‘Vanitha Vasana’ brand. This year’s initiative is designed to pay tribute to the multifaceted roles played by Sri Lankan women—as leaders, caregivers, and economic drivers—while providing the practical tools
- [SDB bank relocates Warakapola Branch](https://economictimes.lk/index.php/2026/03/09/sdb-bank-relocates-warakapola-branch/) - SDB bank relocated its Warakapola Branch to a new location with a modern, fresh look and ample parking, further strengthening its commitment to delivering an enhanced, customer-centric banking experience. The newly refurbished branch, located at Colombo Road, Warakapola, opened to customers on March 3. The relocation reflects SDB bank’s ongoing efforts to adapt its branch
- [Commercial Bank takes banking to Kaluwanchikudy](https://economictimes.lk/index.php/2026/03/09/commercial-bank-takes-banking-to-kaluwanchikudy/) - Commercial Bank of Ceylon has expanded its footprint to Kaluwanchikudy, with the opening of its latest branch in this scenic coastal town southeast of Batticaloa in the Eastern Province. Commercial Bank , Chief Operating Officer S. Prabagar officiated as the Chief Guest at the opening of this branch, at a ceremony also attended by Hasrath
- [DIMO Academy Launches International Job-Guaranteed German Logistics Diploma](https://economictimes.lk/index.php/2026/03/06/dimo-academy-launches-international-job-guaranteed-german-logistics-diploma/) - DIMO Academy, the vocational education arm of DIMO, has launched its latest German Diploma in Warehouse Operations, Logistics and Transportation (WOLT), offering 100% guaranteed job opportunities in Germany for students who successfully complete the programme. The launch marks a significant milestone in industry-aligned vocational education. Securing direct employment pathways for WOLT graduates, DIMO Academy has
- [CEB records Rs. 29.15 bn loss in 2025 Q4](https://economictimes.lk/index.php/2026/03/06/ceb-records-rs-29-15-bn-loss-in-2025-q4/) - The Ceylon Electricity Board (CEB) has reported a significant financial loss of Rs. 29.15 billion for the quarter ended 31 December 2025, according to its latest financial statements. This marks a sharp reversal compared to the Rs. 603 million profit recorded in the corresponding quarter of 2024, reflecting a 4,929% decline in profitability year-on-year. Meanwhile, the CEB’s
- [MullenLowe Sri Lanka’s consistency earns ‘Effie Agency of the Year’](https://economictimes.lk/index.php/2026/03/06/mullenlowe-sri-lankas-consistency-earns-effie-agency-of-the-year/) - MullenLowe Group, Sri Lanka’s largest Brand Communications Company, once again reinforces its authority in creative effectiveness by retaining its position as Effie Agency of the Year for 2025, marking its third consecutive win at the Effie Awards ceremony held recently. Hosted at The Monarch Imperial on March 3, MullenLowe delivered a commanding performance, securing 21
- [PLC Divulapitiya branch conducts AutoEX vehicle sales exhibition](https://economictimes.lk/index.php/2026/03/06/plc-divulapitiya-branch-conducts-autoex-vehicle-sales-exhibition/) - The People’s Leasing Divulapitiya Branch conducted the PLC AutoEX vehicle sales exhibition from February 12-15, at the Divulapitiya weekly fair. This event featured a wide selection of vehicle brands, including various models such as cars, vans, lorries, buses and three-wheelers. Both registered and unregistered vehicles were available for sale. During the exhibition, attendees were given
- [Seylan Bank introduces online interest and part payment facility for gold loans and pawning](https://economictimes.lk/index.php/2026/03/06/seylan-bank-introduces-online-interest-and-part-payment-facility-for-gold-loans-and-pawning/) - Seylan Bank PLC has introduced an Online Interest and Part Payment Facility for Seylan Gold Loans and Pawning, allowing customers to conveniently settle interest expenses and make part expenditures digitally, anytime and anywhere. The new facility enables customers to manage their gold loan commitments without visiting a branch or waiting in queues. Through this initiative,
- [ICAO to support country’s civil aviation sector advancement](https://economictimes.lk/index.php/2026/03/06/icao-to-support-countrys-civil-aviation-sector-advancement/) - Regional Director for Asia and the Pacific of the International Civil Aviation Organization (ICAO) Tao Ma stressed that the ICAO is ready to provide all necessary support for the advancement of the civil aviation sector in the country. He made these remarks during his recent official visit to Sri Lanka. He emphasized that Sri Lanka
- [INSEE Cement restores limestone rail operations after Ditwah cyclone disruptions in Puttalam](https://economictimes.lk/index.php/2026/03/05/insee-cement-restores-limestone-rail-operations-after-ditwah-cyclone-disruptions-in-puttalam/) - INSEE Cement, one of Sri Lanka’s leading cement manufacturer and supplier and the only fully integrated cement plant in the country, announced the recommencement of limestone rail transportation from its Aruwakkalu quarry to the Puttalam plant following the restoration of the section of the railway line damaged by the recent Ditwah Cyclone. Limestone transportation via
- [Sri Lanka Insurance Corporation General unveils Adventure Plus](https://economictimes.lk/index.php/2026/03/05/sri-lanka-insurance-corporation-general-unveils-adventure-plus/) - Sri Lanka Insurance Corporation General Ltd. (SLICGL), Sri Lanka’s No. 1 general insurer and one of the country’s most trusted provider, has launched Adventure Plus, the first-of-its-kind personal accident cover designed exclusively for tourists visiting Sri Lanka, strengthening the tourism industry, and contributing to economic growth. Adventure Plus is a pioneering innovation providing medical coverage,
- [People’s Bank introduces digital payment ecosystem at University of Vavuniya](https://economictimes.lk/index.php/2026/03/05/peoples-bank-introduces-digital-payment-ecosystem-at-university-of-vavuniya/) - People’s Bank has partnered with the University of Vavuniya to introduce a fully digital payment and collection system, marking a significant step in advancing Sri Lanka’s digital economy by eliminating manual cash handling. The milestone was commemorated at the 32nd International Conference on IT Applications and Management held at the University of Vavuniya, with the
- [LankaPay clinches Gold for sixth time at TAGS Awards](https://economictimes.lk/index.php/2026/03/05/lankapay-clinches-gold-for-sixth-time-at-tags-awards/) - LankaPay – operator of Sri Lanka’s national payment network has once again demonstrated excellence in corporate reporting by securing the coveted Gold Award under the SME Category at the CA Sri Lanka TAGS Awards 2025, organised by the Institute of Chartered Accountants of Sri Lanka. This is the sixth occasion LankaPay has been bestowed with
- [eChannelling wins Silver at TAGS Awards for integrity and sustainable leadership](https://economictimes.lk/index.php/2026/03/05/echannelling-wins-silver-at-tags-awards-for-integrity-and-sustainable-leadership/) - eChannelling PLC, one of Sri Lanka’s pioneering digital healthcare platform and a fully owned subsidiary of Mobitel (Pvt) Ltd. has been honoured with the Silver Award in the Telecommunication and Digital Platform Companies category at the TAGS Awards 2025, organised by CA Sri Lanka, the Institute of Chartered Accountants of Sri Lanka. The ceremony was
- [EDB’s Regional Exporters Networking Forum brings hope to Southern Province Exporters](https://economictimes.lk/index.php/2026/03/04/edbs-regional-exporters-networking-forum-brings-hope-to-southern-province-exporters/) - The Regional Exporters Networking Forum for the Southern Province, organized by the Sri Lanka Export Development Board (EDB), was successfully held in Matara on Tuesday, February 24, 2026. The primary objectives of the forum were to identify challenges faced by regional exporters and to explore new export opportunities. The Minister of Industries and Entrepreneurship Development,
- [SLT-MOBITEL triumphs with Silver at ‘SAFA Best Presented Annual Report Awards’](https://economictimes.lk/index.php/2026/03/04/slt-mobitel-triumphs-with-silver-at-safa-best-presented-annual-report-awards/) - SLT-MOBITEL, the National ICT Solutions Provider, was honoured with the Silver Award at the SAFA Best Presented Annual Report Awards, Integrated Reporting Awards and SAARC Anniversary Awards for Corporate Governance Disclosures 2024, in the Communication and Information Technology category. The awards ceremony took place in Islamabad, Pakistan. The award was conferred by the South Asian
- [India to provide research, innovation and technical assistance](https://economictimes.lk/index.php/2026/03/04/india-to-provide-research-innovation-and-technical-assistance/) - Dharma Sri Abeyratne India has taken steps to provide research, innovation and technical assistance for the advancement of Sri Lanka’s digitalization project. Under this, India will support Sri Lanka-India digital cooperation and Sri Lanka’s journey towards becoming a regional technology hub. With the aim of further strengthening digital cooperation between Sri Lanka and India, a
- [Intervest earns ACCA approved employer status](https://economictimes.lk/index.php/2026/03/04/intervest-earns-acca-approved-employer-status/) - The Association of Chartered Certified Accountants (ACCA), the global body for professional accountants, has appointed Intervest as an ACCA Approved Employer, recognising the organisation’s commitment to developing, supporting and nurturing accounting and finance professionals. The ACCA Approved Employer Programme acknowledges organisations that demonstrate excellence in employee training, professional development and ethical business practices. Intervest’s inclusion
- [Baurs CEO Rolf Blaser honoured by Global CEO Forum](https://economictimes.lk/index.php/2026/03/04/baurs-ceo-rolf-blaser-honoured-by-global-ceo-forum/) - Baur & Co. (Pvt.) Ltd., Managing Director and Chief Executive Officer Rolf Blaser has been conferred the distinguished honour of CEO of the Year 2025 by the Global CEO Forum, placing him among an exceptionally exclusive cohort of business leaders recognised for outstanding strategic vision and sustained contribution to Sri Lanka’s economic landscape. The recognition,
- [Fairway Colombo Named “Most Technologically Advanced Hotel – Sri Lanka 2025”](https://economictimes.lk/index.php/2026/03/03/fairway-colombo-named-most-technologically-advanced-hotel-sri-lanka-2025/) - In a significant milestone for the Sri Lankan hospitality industry, Fairway Colombo, a company of Fairway Holdings, has been awarded the prestigious title of Most Technologically Advanced Hotel – Sri Lanka 2025 by World Business Outlook. The award solidifies the hotel’s reputation as the benchmark for "smart" stays, recognizing its seamless integration of digital innovation
- [Union Bank to Raise LKR 3 Bn via Basel III Compliant Debenture Issue](https://economictimes.lk/index.php/2026/03/03/union-bank-to-raise-lkr-3-bn-via-basel-iii-compliant-debenture-issue/) - Union Bank of Colombo PLC announced its proposed Debenture Issue 2026, a strategic move aimed at raising up to LKR 3 billion. This issue is designed to bolster the Bank’s Tier II capital base and provide a robust financial foundation for its upcoming growth initiatives. The offering consists of Basel III compliant, listed, rated, unsecured,
- [ComBank takes lending to new levels in mission-focused 2025](https://economictimes.lk/index.php/2026/03/03/combank-takes-lending-to-new-levels-in-mission-focused-2025/) - The Commercial Bank of Ceylon achieved another performance milestone in 2025, becoming the first private sector bank in the country to expand its loan book beyond Rs. 2 Tn., with a growth of Rs. 541 Bn. over 12 months at a monthly average of over Rs. 45 Bn., demonstrating its commitment to national economic resurgence.
- [SLT Group PAT surges 221% YoY to Rs. 10 Bn in FY 2025](https://economictimes.lk/index.php/2026/03/03/slt-group-pat-surges-221-yoy-to-rs-10-bn-in-fy-2025/) - The SLT Group reported substantial cost savings for the full year ended December 31, 2025, fuelling significant profit growth and demonstrating consistent execution throughout all key metrics. The strong performance was driven through disciplined expense management, reduced finance costs, and strategic operational improvements. The SLT Group ended FY 2025 as a strong year, with substantial
- [Walk of Art 2026 International Footwear and Leather Fair](https://economictimes.lk/index.php/2026/03/03/walk-of-art-2026-international-footwear-and-leather-fair/) - The Walk of Art 2026 International Footwear and Leather Fair, jointly organized by the Ministry of Industries and Entrepreneurship Development, Industrial Development Board (IDB), Export Development Board (EDB) and the Sri Lanka Footwear and Leather Goods Manufacturers Association, was held on February 27 at the Sirimavo Bandaranaike Exhibition Hall, Colombo, under the patronage of the
- [ComBank appoints Hasrath Munasinghe As Executive Director/Chief Operating Officer](https://economictimes.lk/index.php/2026/03/03/combank-appoints-hasrath-munasinghe-as-executive-director-chief-operating-officer/) - The Board of Directors of Commercial Bank of Ceylon PLC has announced the appointment of Hasrath Munasinghe as Executive Director/Chief Operating Officer of the Bank with effect from April 27. He succeeds S. Prabagar, who retires on April 26, after serving in the position for four years and completing a distinguished career of more than
- [Sri Lanka apparel exports to ease as UK market remains stable](https://economictimes.lk/index.php/2026/02/27/sri-lanka-apparel-exports-to-ease-as-uk-market-remains-stable/) - Sri Lanka’s apparel exports gained a huge market opportunity from the UK market, it has been reported that Sri Lanka’s apparel exports declined by 2.66% year-on-year in January 2026, falling to US$ 425.44 million from US$ 437.07 million in January 2025, reflecting continued pressure across key export markets. Exports to the US fell by 2.73%
- [Bank of Ceylon records Rs. 120.8 Bn Profit Before Tax in 2025](https://economictimes.lk/index.php/2026/02/27/bank-of-ceylon-records-rs-120-8-bn-profit-before-tax-in-2025/) - Bank of Ceylon (BOC) concluded the financial year ended 31st December 2025 with a landmark performance, achieving a Profit After Tax (PAT) of Rs. 76.0 billion, 18% increase over the previous year, while Profit Before Tax (PBT) reached Rs. 120.8 billion. Beyond financial growth, this year marked a pivotal shift towards sustainable and inclusive banking,
- [Amana Takaful Life Gold Investment Fund records 32.4% growth in 2025](https://economictimes.lk/index.php/2026/02/27/amana-takaful-life-gold-investment-fund-records-32-4-growth-in-2025/) - Amana Takaful Life PLC provides the best investment options for life insurance policyholders and has delivered an exceptional performance across its unit-linked fund portfolio in 2025, generating strong returns for policyholders through disciplined, strategic, and well-structured fund management. According to the fund performance review as at December 31, 2025, Amana Takaful Life’s flagship Gold Investment
- [Prime Lands Residencies secures Otters Club Car Park Property](https://economictimes.lk/index.php/2026/02/27/prime-lands-residencies-secures-otters-club-car-park-property/) - Prime Lands Residencies PLC has secured the Otters Club Car Park property in Colombo 7 through a recently concluded agreement with the Urban Development Authority (UDA), marking one of the most significant residential land acquisitions in the district in recent years. The property will be developed into ‘The Elizabeth’, a landmark residential tower envisioned to
- [Tea exports record strong start to 2026](https://economictimes.lk/index.php/2026/02/27/tea-exports-record-strong-start-to-2026/) - Sri Lanka’s tea exports recorded a strong start to 2026, with volumes and values posting year-on-year gains in January, according to the latest industry data. Ceylon Tea exports for January 2026 totalled 20.71 million kilograms (M/Kgs), reflecting an increase of 1.34 M/Kgs compared to 19.37 M/Kgs recorded in January 2025. All major categories registered growth
- [Historic milestone in Sri Lanka’s professional HR education](https://economictimes.lk/index.php/2026/02/26/historic-milestone-in-sri-lankas-professional-hr-education/) - CIPM launches QS-Accredited CQHRM The Chartered Institute of Personnel Management (CIPM) Sri Lanka, marked a defining milestone in its distinguished history with the official launch of the revised Chartered Qualification in Human Resource Management (CQHRM), now internationally accredited by Qualifications Scotland (QS) at Scottish Credit and Qualifications Framework (SCQF) Level 11. The national-level ceremony was
- [CAL deepens capital market presence with 3rd closed-end fund listing at CSE](https://economictimes.lk/index.php/2026/02/26/cal-deepens-capital-market-presence-with-3rd-closed-end-fund-listing-at-cse/) - The units of the “CAL Three Year Closed End Fund” were officially listed on the Colombo Stock Exchange (CSE) recently. Accordingly, a total of 841,263,375 units of the ‘CAL Three Year Closed End Fund’ were listed by Capital Alliance Investments Ltd (CALI), a member of the Capital Alliance Ltd Group (CAL Group). The listing was
- [LK Domain Registry enters into strategic partnership with Norway-based cybersecurity firm](https://economictimes.lk/index.php/2026/02/26/lk-domain-registry-enters-into-strategic-partnership-with-norway-based-cybersecurity-firm/) - Sri Lanka’s country-code domain administrator, the LK Domain Registry, has entered into a strategic partnership with Norway-based cybersecurity firm to strengthen monitoring and protection of the .LK namespace amid rising online threats. The move comes as internet usage in Sri Lanka continues to expand, accompanied by a growing number of fake banking websites, fraudulent online
- [Sri Lanka’s Agri Sector eyes billions in untapped Halal markets](https://economictimes.lk/index.php/2026/02/26/sri-lankas-agri-sector-eyes-billions-in-untapped-halal-markets/) - Asia Plantation & Export (Pvt) Ltd formally signed a memorandum of understanding with the Sri Lanka Sharia Council, a move that will become a turning point in the island’s export sector. As a company that always breaks new ground in the business world, it has made history as the first plantation company in Sri Lanka
- [Prima to spice up the 147th Battle of the Blues](https://economictimes.lk/index.php/2026/02/26/prima-to-spice-up-the-147th-battle-of-the-blues/) - As anticipation builds for the Battle of the Blues, Prima KottuMee and Prima Treats have once again stepped forward as the Speciality Food Partner to support one of Sri Lanka’s most celebrated school sporting traditions. The historic three-day encounter between Royal College Colombo, and S. Thomas’ College Mount Lavinia, is scheduled to take place from
- [Overseas Realty records Rs 9.2 Bn PBT](https://economictimes.lk/index.php/2026/02/25/overseas-realty-records-rs-9-2-bn-pbt/) - Overseas Realty (Ceylon) PLC released the 4th Quarter Unaudited Financial Statements for the Year ending December 31, 2025 delivering strong financial performance recording Group Revenue of Rs. 11,944 million, reflecting a 49% increase over the previous year and Group Profit Before Tax of Rs 9,266 million. This growth was primarily driven by higher apartment sales
- [RDB Bank appoints Asoka Bandara, Wasanthe Nandasiri as Board Directors](https://economictimes.lk/index.php/2026/02/25/rdb-bank-appoints-asoka-bandara-wasanthe-nandasiri-as-board-directors/) - RDB Bank, a government owned premier development bank has announced the appointment of its new Directors. The newly appointed Board brings together a team of experienced professionals with diverse expertise in finance, development, governance, and management to guide the Bank towards achieving its strategic vision of empowering entrepreneurs and financial inclusion. Asoka Bandara has been
- [Tasma Group donates medical equipment](https://economictimes.lk/index.php/2026/02/25/tasma-group-donates-medical-equipment/) - (Malwana Group Mahanama Vithanage and Mahanama Special M.T.M. HANAFI) Tasma Group Company donated an ECG Machine and Medical Equipment to the Biyagama Government Hospital at a cost of Rs. ten lakhs on February 21 . Tasma Group Company Chairman Nimal Subasinghe Kariyapperuma is seen handing over the equipment to Biyagama Hospital Chief Medical Officer Dr.
- [Courtyard by Marriott Colombo appoints Suranga Peelikumbura as GM](https://economictimes.lk/index.php/2026/02/25/courtyard-by-marriott-colombo-appoints-suranga-peelikumbura-as-gm/) - Courtyard by Marriott Colombo appoints Suranga Peelikumbura as its new General Manager. Over two decades Suranga has carried the Marriott spirit across continents, from the shimmering luxury of The Ritz-Carlton in Doha to the refined hospitality of Ireland and most recently to the helm of Resplendent Ceylon as Vice President of Operations. His journey reflects
- [Asia Capital and Japanese investors reach amicable deal](https://economictimes.lk/index.php/2026/02/25/asia-capital-and-japanese-investors-reach-amicable-deal/) - Japanese Investors pressured to settle after years of legal and corporate turbulence A long-running dispute between Asia Capital PLC and its Japanese investors has come to a close following a mutually agreed settlement, marking the end of nearly five years of legal battles, restructuring efforts, and complex negotiations that reshaped the company’s trajectory. The settlement
- [Batik Air Malaysia to resume service between Kuala Lumpur and Colombo](https://economictimes.lk/index.php/2026/02/24/batik-air-malaysia-to-resume-service-between-kuala-lumpur-and-colombo/) - Batik Air Malaysia is scheduled to officially resume its direct flight service between Kuala Lumpur and Colombo on March 30, 2026. The airline will operate four weekly flights using a Boeing 737-800 aircraft. The service will operate four times a week on Monday, Tuesday, Thursday and Saturday. The airline will deploy a Boeing 737 800
- [Close to 160,000 tourist arrivals during first 15 days of Feb.](https://economictimes.lk/index.php/2026/02/24/close-to-160000-tourist-arrivals-during-first-15-days-of-feb/) - Sri Lanka’s tourism sector has experienced strong growth in February 2026, driven significantly by the ICC Men’s T20 World Cup. According to the Sri Lanka Tourism Development Authority (SLTDA), 159,339 tourists arrived in the country during the first 15 days of February. This mid-month total contributed to an overall figure of 436,666 arrivals for the
- [‘SmartChat Mega 2026’ emerges as catalyst for SME digital transformation in SL](https://economictimes.lk/index.php/2026/02/24/smartchat-mega-2026-emerges-as-catalyst-for-sme-digital-transformation-in-sl/) - As the National ICT Solutions Provider, SLT-MOBITEL plays a pivotal role in supporting businesses across Sri Lanka by delivering digital and AI-based solutions that enhance operational efficiency, competitiveness and business growth. Through a range of focused initiatives, SLT-MOBITEL actively enables organisations to accelerate their digital transformation journeys. ‘SmartChat Mega 2026’ is one such flagship initiative,
- [AAC donates 25 Mn trowards disaster relief for Ditwah Cyclone victims](https://economictimes.lk/index.php/2026/02/24/aac-donates-25-mn-trowards-disaster-relief-for-ditwah-cyclone-victims/) - Automobile Association of Ceylon (AAC) has donated Rs. 25 million towards the Disaster Relief Support Fund aim to assist the Ditwah Cyclone victims. The donation was handed over to Dr. S.N. Kumayake, Secretary to the President by Dhammika Attygalle, President AAC, at the Presidential Secretariat on February 19 in the presence of Executive Committee members.
- [Russel’s Wellness at Gulfood 2026](https://economictimes.lk/index.php/2026/02/24/russels-wellness-at-gulfood-2026/) - Russel’s Wellness showcased its Ayurveda-inspired wellness teas and medicinal formulations at Gulfood 2026, one of the world’s most prestigious food and beverage exhibitions. The event brought together global buyers, distributors, and industry leaders, creating meaningful conversations around heritage, quality, and innovation. A special highlight of the exhibition was the visit by Wasantha Samarasinghe, Minister of
- [After court ruling, Trump says US global tariff rate will rise from 10% to 15%](https://economictimes.lk/index.php/2026/02/23/after-court-ruling-trump-says-us-global-tariff-rate-will-rise-from-10-to-15/) - Reuters - President Donald Trump said on Saturday he will raise a temporary tariff from 10% to 15% on U.S. imports from all countries, the maximum level allowed under the law, after the U.S. Supreme Court struck down his previous tariff program. The move came less than 24 hours after Trump announced a 10% across-the-board
- [Mattala to Be Positioned as Tourism Gateway, Says Sri Lanka Tourism Chairman](https://economictimes.lk/index.php/2026/02/23/mattala-to-be-positioned-as-tourism-gateway-says-sri-lanka-tourism-chairman/) - The future development and positioning of Mattala Rajapaksa International Airport is being pursued through a joint marketing and operational strategy aimed at attracting more airlines and strengthening its role as a tourism gateway, according to Buddhika Hewawasam, Chairman of the Sri Lanka Tourism. Speaking at a media briefing yesterday (19), Hewawasam said the absence of scheduled airlines remains the
- [Minasro College wins Peoples Excellency Award and hosts grand sports meet at Sugathadasa national stadium](https://economictimes.lk/index.php/2026/02/23/minasro-college-wins-peoples-excellency-award-and-hosts-grand-sports-meet-at-sugathadasa-national-stadium/) - Minasro College, recently honored with the prestigious Peoples Excellency Award for its outstanding contribution to pre-school and primary education, successfully held its Fourth Annual Sports Meet on February 8, 2026, at the Sugathadasa Stadium in Colombo. This national-level recognition, together with the successful organization of the sports meet, reaffirmed the school’s strong commitment to its
- [Cyril Rodrigo’s by Green Cabin showcases SL’s Culinary Mastery at Michelin-Selected Malaysian Restaurant](https://economictimes.lk/index.php/2026/02/23/cyril-rodrigos-by-green-cabin-showcases-sls-culinary-mastery-at-michelin-selected-malaysian-restaurant/) - Sri Lanka’s Cyril Rodrigo’s by Green Cabin partnered with Michelin-Selected Frangipaani, part of The Olive Tree Group, to present a two-night “4 Hands Dinner” titled Coast to Coast on 7th and 8th February at The Republik. The collaboration brought together Frangipaani’s Head Chef S. Mokrabin and Green Cabin’s Chef de Cuisine P. Thangaraj for a curated culinary
- [Fitzky Introduces ‘Fit Pass’, flexible fitness solution](https://economictimes.lk/index.php/2026/02/20/fitzky-introduces-fit-pass-flexible-fitness-solution/) - Fitzky, a visionary fitness platform redefining how Sri Lankans access workouts, now announces the official launch of its ‘Fit Pass’, a flexible fitness solution designed to give users access to multiple gyms and studios through a single pass. Built on Fitzky’s vision of making fitness more accessible and affordable to everyone, Fit Pass offers a
- [Global Consumer Products earns ISO 9001:2015 Certification](https://economictimes.lk/index.php/2026/02/20/global-consumer-products-earns-iso-90012015-certification/) - Reinforcing its position as one of the leading hygienic disposable manufacturers in Sri Lanka and reaffirming its commitment to quality, Global Consumer Products (Pvt) Ltd. (GCP) has received the ISO 9001:2015 certification from the Sri Lanka Standards Institution (SLSI). Global Consumer Products (Pvt) Ltd. holds the unique distinction of being the only manufacturer in Sri
- [EduFest 2026 – Study Abroad Expo held](https://economictimes.lk/index.php/2026/02/20/edufest-2026-study-abroad-expo-held/) - EduFest 2026 brought together 40+ international university representatives from leading institutions across the United Kingdom, Australia, Canada, New Zealand, Finland, and Sweden, providing Sri Lankan students and parents with direct access to global higher education opportunities under one roof. With the participation of 350+ students and parents, the exhibition successfully simplified the overseas education journey
- [Rajendra Theagarajah recognised with SLID–ACCA silver award](https://economictimes.lk/index.php/2026/02/20/rajendra-theagarajah-recognised-with-slid-acca-silver-award/) - First Capital Holdings PLC and Janashakthi Finance PLC, subsidiaries of JXG (Janashakthi Group), announced that their Chairman, Rajendra Theagarajah, was honoured with the Silver Award for Outstanding Independent Non-Executive Director of the Year at the inaugural SLID–ACCA National Corporate Director Awards 2025, in recognition of his leadership, integrity and contribution to strengthening corporate governance standards
- [ComBank’s ‘Pita Rata Wasi’ remittance promo back with Rs. 6 million in cash prizes](https://economictimes.lk/index.php/2026/02/20/combanks-pita-rata-wasi-remittance-promo-back-with-rs-6-million-in-cash-prizes/) - Commercial Bank of Ceylon PLC will make the Sinhala and Tamil New Year more rewarding for remittance recipients and reaffirm is commitment to always thinking about its customers and delivering the very best, with the return of the Bank’s popular ‘Pita Rata Wasi’ seasonal promotion, which offers a total of Rs. 6 million in cash
- [Newspaper of Ministry of Industries ‘Rebuild Industries’ launched](https://economictimes.lk/index.php/2026/02/19/newspaper-of-ministry-of-industries-rebuild-industries-launched/) - The launch of the official newspaper and online e-newspaper ‘Rebuild Industries’, published by the Ministry of Industries and Entrepreneurship Development in collaboration with the Associated Newspapers of Ceylon Limited (Lake House), was held yesterday (18) at the Lake House Auditorium under the patronage of the Minister of Industries and Entrepreneurship Development, Sunil Handunnetti. The launch
- [CBC Finance relocates Negombo Branch to state-of-the-art facility](https://economictimes.lk/index.php/2026/02/19/cbc-finance-relocates-negombo-branch-to-state-of-the-art-facility/) - CBC Finance PLC, a premier financial institution in Sri Lanka and a 100% owned subsidiary of Commercial Bank of Ceylon, recently relocated its Negombo branch to a brand-new facility. This move aims to provide customers with more efficient, high-quality service in a more accessible and modern environment. The newly relocated branch, situated at St. Joseph
- [University of Surrey launches Asia’s first Master’s in Digital Health](https://economictimes.lk/index.php/2026/02/19/university-of-surrey-launches-asias-first-masters-in-digital-health/) - The International Institute of Health Sciences (IIHS), Sri Lanka’s leading private healthcare education provider, has launched Asia’s first Master’s degree in Digital Health awarded by the University of Surrey, United Kingdom, marking a significant milestone for healthcare education and digital innovation in the region. As healthcare systems worldwide accelerate the adoption of digital technologies, the
- [Jayaflava celebrates Sri Lanka premieres on National Geographic South Asia](https://economictimes.lk/index.php/2026/02/19/jayaflava-celebrates-sri-lanka-premieres-on-national-geographic-south-asia/) - Sri Lanka is about to step into the spotlight on one of the region’s most respected television platforms with the premiere of Jayaflava: Celebrating Sri Lanka, a six-part travel and food series hosted by Tasha Marikkar and airing on National Geographic South Asia. Premiering on February 20 at 8 PM (Prime Time), with a prime-time
- [Colombo Port City Act Revisions Improve Ease of Doing Business](https://economictimes.lk/index.php/2026/02/18/colombo-port-city-act-revisions-improve-ease-of-doing-business/) - The 2026 amendments1 to the Colombo Port City Economic Commission (CPCEC) Act mark an important shift in Sri Lanka’s economic landscape. By harmonising national policy with global standards, these revisions improve governance, streamline oversight, and provide the regulatory certainty required for large-scale international investment. What do the 2026 CPCEC Act Amendments Unlock for Investors? Structured Framework
- [‘CEAT Cares’ champions road safety around schools for 16th year](https://economictimes.lk/index.php/2026/02/18/ceat-cares-champions-road-safety-around-schools-for-16th-year/) - CEAT Kelani Holdings, Sri Lanka’s leading manufacturer of pneumatic tyres, has reaffirmed its long-term commitment to promoting safer mobility with the completion of its flagship ‘CEAT Cares’ School’s Road Safety Equipment Distribution programme for 2025-26. Marking the 16th year of the initiative, the company extended its community road safety efforts to 30 more schools across the
- [99x wins gold at the 33rd National Chamber of Exporters awards, reinforcing global growth and industry leadership](https://economictimes.lk/index.php/2026/02/18/99x-wins-gold-at-the-33rd-national-chamber-of-exporters-awards-reinforcing-global-growth-and-industry-leadership/) - 99x, a global leader in product engineering, has once again strengthened its position as one of Sri Lanka’s leading technology exporters by securing the Gold Award in the Extra-Large Category under the ICT, BPO & Related Services Sector at the 33rd National Chamber of Exporters (NCE) Awards. The prestigious awards ceremony, organised by the National
- [SriLankan Cargo Secures Another South Asian First with IATA CEIV Live Animals Certification](https://economictimes.lk/index.php/2026/02/18/srilankan-cargo-secures-another-south-asian-first-with-iata-ceiv-live-animals-certification/) - SriLankan Cargo, the air freight arm of SriLankan Airlines, has secured another regional first by becoming the first airline in South Asia to be awarded the Center of Excellence for Independent Validators (CEIV) for Live Animals Logistics Certification from the International Air Transport Association (IATA). Regarded as the premium global standard for the air transport
- [Prime Lands Residencies Recognised with Silver at TAGS Awards 2025](https://economictimes.lk/index.php/2026/02/18/prime-lands-residencies-recognised-with-silver-at-tags-awards-2025/) - Prime Lands Residencies PLC has achieved notable recognition at the TAGS Awards 2025, securing the Silver Award in the Land and Property Companies Sector. This marks the fourth consecutive year that the company has been honoured at the TAGS Awards, demonstrating sustained excellence in corporate reporting practices. The achievement reflects the company's steadfast commitment to
- [Lanka Hospitals secures Gold at TAGS Awards](https://economictimes.lk/index.php/2026/02/17/lanka-hospitals-secures-gold-at-tags-awards/) - Lanka Hospitals PLC has secured the Gold Award in the Health Sector at the prestigious TAGS Awards 2025. This historic achievement marks the third consecutive year the institution has been recognized for its world-class reporting standards, a feat that coincides with the 60th ‘Diamond Chapter’ anniversary of the awards organized by the Institute of Chartered
- [HNB elevates home loan solutions in partnership with Groundworth](https://economictimes.lk/index.php/2026/02/17/hnb-elevates-home-loan-solutions-in-partnership-with-groundworth/) - HNB PLC, the leading private bank in Sri Lanka announced a strategic partnership with Groundworth Pvt Ltd through the signing of a MoU to promote home loan financing for a landmark mixed development project in Colombo. The MoU valid until December 31, brings together two organisations recognised for quality credibility and long term vision. Through
- [Pitch Capital launches DUTCH EMPIRE Villa Project](https://economictimes.lk/index.php/2026/02/17/pitch-capital-launches-dutch-empire-villa-project/) - A new boutique beachfront development is set to redefine low-density coastal living in Southern Sri Lanka, with the launch of DUTCH EMPIRE Lands and Villas in Devundara by Pitch Capital (Pvt) Ltd. Marketed as a limited coastal legacy project, DUTCH EMPIRE will comprise 16 exclusive beachfront villas, alongside demarcated land plots aimed at long-term investors.
- [Macktiles Australia in Victoria launched](https://economictimes.lk/index.php/2026/02/17/macktiles-australia-in-victoria-launched/) - Mark milestone for Lankan manufacturerMacktiles has launched Macktiles Australia in Victoria, marking a major milestone for Sri Lankan manufacturing and a strategic entry into one of the world’s most design-aware, specification-led building markets. Backed by Macksons Holdings Group, Macktiles is positioned as Sri Lanka’s largest turnkey tile manufacturer, with scale and integration that has made
- [Medihelp enters Southern Province](https://economictimes.lk/index.php/2026/02/17/medihelp-enters-southern-province/) - Medihelp Hospitals, officially inaugurated its 20th facility in Ambalangoda on January 29, 2026. This milestone marks the organization’s first entry into the Southern Province as part of its national expansion journey. Ambalangoda, a vibrant coastal city in the Galle District, is celebrated for its rich cultural heritage, burgeoning urban population, and active commercial sector. Its
- [Solutions Ground, PR Wire launch Lanka’s first sustainability-led CSR outsourcing model](https://economictimes.lk/index.php/2026/02/16/solutions-ground-pr-wire-launch-lankas-first-sustainability-led-csr-outsourcing-model/) - Solutions Ground Pvt Ltd and PR Wire (Pvt) Ltd have launched the country’s first structured CSR and sustainability outsourcing collaboration. Through this partnership, companies can assign a specialised, expert-led joint team to handle every aspect of their CSR strategy, from high-level planning to on-the-ground implementation, monitoring, and communications. Businesses’ growing demand to professionalize their CSR
- [MasterChef Sri Lanka to be flavoured by CBL Group as main sponsor](https://economictimes.lk/index.php/2026/02/16/masterchef-sri-lanka-to-be-flavoured-by-cbl-group-as-main-sponsor/) - CBL Group, one of Sri Lanka’s largest diversified food manufacturing conglomerates, has entered into a partnership with MasterChef Sri Lanka as a Main Sponsor, marking a significant collaboration that celebrates culinary excellence, creativity and local talent. As part of this collaboration, Sera, CBL Group’s foremost culinary brand, will serve as the Official Culinary Partner, spanning
- [Exporters urged to maintain 10% annual growth rate to achieve USD 36Bn target](https://economictimes.lk/index.php/2026/02/16/exporters-urged-to-maintain-10-annual-growth-rate-to-achieve-usd-36bn-target/) - One of the main victories the government achieved was in the export category with the country recording the highest export revenue in 2025 and that was possible due to the dedication and determination of the award winning exporters present at the occasion, Sunil Handunnetti, Minister of Industries and Entrepreneurship Development told the 33rd National Chamber
- [Tantri signs MoU with Mercy Education Campus to strengthen industry aligned technical education](https://economictimes.lk/index.php/2026/02/16/tantri-signs-mou-with-mercy-education-campus-to-strengthen-industry-aligned-technical-education/) - Tantri Trailers (Pvt) Ltd, one of Sri Lanka’s leading industrial manufacturing companies, has entered into a Memorandum of Understanding (MoU) with the Mercy Education Campus, Puttalam to strengthen industry aligned technical education and enhance youth employability across the country. The MoU was formally on February 12, at the BMICH Orchid Hall, in the presence of
- [MAS Femography and Selyn Foundation unite to combat period poverty through BleedGood Initiative](https://economictimes.lk/index.php/2026/02/16/mas-femography-and-selyn-foundation-unite-to-combat-period-poverty-through-bleedgood-initiative/) - MAS Femography, a global leader in FemTech apparel solutions in partnership with the Selyn Foundation in Sri Lanka are taking forward their continued efforts in combating period poverty with the BleedGood initiative for 2026. The milestone partnership reflects the shared mission of Selyn and MAS Femography to uplift women’s well-being and advance climate-conscious menstrual dignity
- [Keells Nexus introduces all new Loyalty App, marking new era of connected everyday rewards](https://economictimes.lk/index.php/2026/02/13/keells-nexus-introduces-all-new-loyalty-app-marking-new-era-of-connected-everyday-rewards/) - Keells is set to usher a new chapter in customer experience with the relaunch of Keells Nexus with the introduction of its all-new loyalty app on February 13. For 25 years, Keells Nexus has been at the heart of Sri Lankan retail, pioneering coalition loyalty and even introducing mobile-based loyalty as early as 2014. The
- [HNB Bandaragama customer centre relocates](https://economictimes.lk/index.php/2026/02/13/hnb-bandaragama-customer-centre-relocates/) - HNB PLC, marked another milestone in its legacy of industry leadership with the opening of its relocated Bandaragama Customer Centre at Horana Road, Bandaragama. The opening ceremony was graced by HNB Executive Vice President/Head of Network Business Supun Dias, Divisional Secretary, Bandaragama DisnaJayasinghe and HNB Regional Business Head South Western Region Eshan Jayarathne, alongside senior
- [NCCSL successfully concludes 67th AGM under theme ‘Mapping Connections Creating Opportunities.’](https://economictimes.lk/index.php/2026/02/13/nccsl-successfully-concludes-67th-agm-under-theme-mapping-connections-creating-opportunities/) - The National Chamber of Commerce of Sri Lanka hosted its 67 th Annual General Meeting at the Kingsbury Hotel, Colombo, on 10 th February 2026, gathering distinguished representatives from the business community, government, and diplomatic missions to explore collaborative strategies for economic growth and the development of the MSME sector in Sri Lanka. Under the
- [Mild Earth to take Lankan spices to global stage with ‘Wild Mist Water’](https://economictimes.lk/index.php/2026/02/13/mild-earth-to-take-lankan-spices-to-global-stage-with-wild-mist-water/) - Sri Lanka may give the world another refreshing hot beverage, this one brewed from some of the country’s most iconic spices, that could, in time, match the country’s best-known export tea. ‘Wild Mist Water’ unveiled at an appropriately styled ‘quiet reveal’ in Colombo 7 this week, is in its creator Sohan Jayasena’s words, ‘a luxury
- [Prime Constructions achieves C1 Grade under CIDA grading system](https://economictimes.lk/index.php/2026/02/13/prime-constructions-achieves-c1-grade-under-cida-grading-system/) - Prime Constructions (Pvt) Ltd (PCL), the construction arm of the real estate leader, the Prime Group, has achieved the coveted C1 grade under the Construction Industry Development Authority (CIDA) grading system in just two and a half years since its incorporation. The outstanding accomplishment highlights the company’s rapid ascent as a trusted leader in Sri
- [BYD opens Lanka’s largest dedicated body shop in Seeduwa](https://economictimes.lk/index.php/2026/02/12/byd-opens-lankas-largest-dedicated-body-shop-in-seeduwa/) - In the wake of surging demand for New Energy Vehicles (NEVs) in Sri Lanka, BYD and its authorised distributor John Keells CG Auto have opened the country’s largest purpose-built body shop and accident repair centre dedicated exclusively to BYD and their premium sub-brand DENZA. Located in Seeduwa, the new facility has taken over the former
- [Asia Asset Finance appoints CFO and DGM – Risk](https://economictimes.lk/index.php/2026/02/12/asia-asset-finance-appoints-cfo-and-dgm-risk/) - Reinforcing its commitment to strong governance, financial resilience, sustainable growth and inclusive leadership, Asia Asset Finance PLC (AAF) has announced the appointment of Kokila Perera as Chief Financial Officer (CFO) and Waruni Perera as Deputy General Manager – Risk. These appointments mark an important milestone in AAF’s 55-year journey, strengthening leadership depth at a time
- [Appe Lanka restores Naranthalu Tank in Poonakary](https://economictimes.lk/index.php/2026/02/12/appe-lanka-restores-naranthalu-tank-in-poonakary/) - Appe Lanka Foundation has completed the restoration of the historic Naranthalu village tank in Poonakary, marking a major milestone in its flagship initiative, ‘Let Them Bloom, Give Them Water’. The project restores not only a vital water source, but also hope, dignity and long-term opportunity for a community emerging from decades of hardship. Appe Lanka
- [Assetline Finance strengthens nationwide reach with 62nd Branch in Kaduwela](https://economictimes.lk/index.php/2026/02/12/assetline-finance-strengthens-nationwide-reach-with-62nd-branch-in-kaduwela/) - Assetline Finance PLC, the flagship company under the financial services arm of David Pieris Holdings, strengthens its roadmap toward nationwide expansion with the opening of the 62nd branch in Kaduwela, located at Kothalawala Road, Kaduwela. The new branch highlights Assetline Finance PLC’s promise to bring financial solutions closer to people throughout Sri Lanka. Expanding into
- [Cargills reports strong Q3 performance](https://economictimes.lk/index.php/2026/02/12/cargills-reports-strong-q3-performance/) - The Cargills Group reported a strong financial performance for the third quarter of the 2025/26 financial year, demonstrating resilience despite severe weather disruptions experienced across Sri Lanka during the period. Group revenue for the quarter reached Rs. 70.8 billion, reflecting a 14.5% year-on-year increase, while EBITDA grew 29% to Rs. 7.3 billion. Profit After Tax
- [Mercedes-Benz Club of Sri Lanka Sets New World Record With 635-Car Gathering](https://economictimes.lk/index.php/2026/02/11/mercedes-benz-club-of-sri-lanka-sets-new-world-record-with-635-car-gathering/) - Celebrates 140 years of the brand’s innovation The Mercedes-Benz Club of Sri Lanka is proud to announce that it has successfully hosted a historic gathering of 635 Mercedes-Benz vehicles, as officially verified and certified by BDO Partners Chartered Accountants, establishing a new benchmark for the largest gathering of Mercedes-Benz cars in the world in one
- [Advisory Council to boost event management industry](https://economictimes.lk/index.php/2026/02/11/advisory-council-to-boost-event-management-industry/) - The appointment of an Advisory Council for the advancement of the Event Management industry, which holds a prominent place among the new industrial sectors identified in Sri Lanka, was held on Monday (9) under the patronage of the Minister of Industries and Entrepreneurship Development, Sunil Handunnetti. This is the first time that the Ministry of
- [NDB renews membership with Parenthood Global Association](https://economictimes.lk/index.php/2026/02/11/ndb-renews-membership-with-parenthood-global-association/) - NDB Bank has renewed its membership with the Parenthood Global Association for the second consecutive year, reaffirming its strong commitment to fostering a workplace culture that supports, empowers and understands the needs of working parents. This renewed partnership underscores NDB’s belief that an inclusive and equitable work environment must make space for the realities and
- [Great Place To Work presents ‘Great Urban Challenge 2026’](https://economictimes.lk/index.php/2026/02/11/great-place-to-work-presents-great-urban-challenge-2026/) - Great Place To Work is set to host the Great Urban Challenge 2026 for the third consecutive year, reaffirming its commitment to fostering strong workplace cultures and meaningful connections among employees, families and communities. Designed as an immersive, city-wide experience, the event brings together fun, physical activities and strategic thinking to highlight the essential role
- [The Colombo Border Project by Prime Residences marks milestone as Tower Cosmos tops out](https://economictimes.lk/index.php/2026/02/11/the-colombo-border-project-by-prime-residences-marks-milestone-as-tower-cosmos-tops-out/) - Prime Lands Residencies PLC has reached a significant construction milestone with the topping out of Tower Cosmos, one of The Colombo Border development’s three residential towers. The completion of the 20 story tower’s superstructure, ahead of schedule, reinforces the company’s reputation for engineering excellence and disciplined project execution. The topping out ceremony marks a pivotal
- [Prima KottuMee Hot ‘N’ Spicy Stars shine at ‘Y FM Relax Party’](https://economictimes.lk/index.php/2026/02/11/prima-kottumee-hot-n-spicy-stars-shine-at-y-fm-relax-party/) - The winners of Prima KottuMee Hot ‘N’ Spicy Stars 2026 brought their fiery flair to the Y FM Relax Party, held at Excel World, adding an extra spark to the popular youth event. Twelve rising young stars took to the stage, having earned their place at Prima KottuMee Hot ‘N’ Spicy Stars 2026 through a
- [Nissan Launches the All-New Almera in Sri Lanka, Redefining the Modern Sedan Experience](https://economictimes.lk/index.php/2026/02/10/nissan-launches-the-all-new-almera-in-sri-lanka-redefining-the-modern-sedan-experience/) - Associated Motorways (Private) Limited (AMW), the sole authorized distributor for Nissan in Sri Lanka, officially unveiled the all-new Nissan Almera at a special launch event held at the Nissan Showroom in Union Place, Colombo. The event brought together a wide cross-section of stakeholders, including valued customers, the senior management team of AMW, Nissan representatives, and
- [Sri Lanka Cinnamon exports hit Rs 8 Bn mark](https://economictimes.lk/index.php/2026/02/10/sri-lanka-cinnamon-exports-hit-rs-8-bn-mark/) - Sri Lanka’s cinnamon industry achieved a historic milestone, with exports generating nearly Rs 8 billion( USD 260) in 2025, marking the highest annual revenue ever for cinnamon-based products. This, driven by a 23.12% increase in the first eight months, contributes to a record-setting year for total export earnings of over USD 17.2 billion. The Department
- [EDB hosts networking session for new tea and coconut exporters](https://economictimes.lk/index.php/2026/02/10/edb-hosts-networking-session-for-new-tea-and-coconut-exporters/) - The Export Development Board (EDB) recently organized a networking session at its head office, targeting new and potential exporters in Sri Lanka’s tea and coconut sectors. During the session, Indika Perera, Cluster Executive Director of Wichy Plantation (Pvt) Ltd, shared his industry experience under the topic “Real-life examples of entering and succeeding in challenging markets.”
- [Knowledge Exchange Workshop to Strengthen HTA Cooperation between India and Sri Lanka](https://economictimes.lk/index.php/2026/02/10/knowledge-exchange-workshop-to-strengthen-hta-cooperation-between-india-and-sri-lanka/) - The five-day Knowledge Exchange Workshop on Health Technology Assessment (HTA) for a delegation from the Ministry of Health, Government of Sri Lanka, formally commenced today at the Sushma Swaraj Bhawan in New Delhi. Hosted by the Department of Health Research (DHR), Ministry of Health and Family Welfare, Government of India, in collaboration with the Ministry of External Affairs,
- [Sofia Colombo redefines women-focused hospitality with innovative Pink Floor concept](https://economictimes.lk/index.php/2026/02/10/sofia-colombo-redefines-women-focused-hospitality-with-innovative-pink-floor-concept/) - Sofia Colombo has introduced a pioneering women-centric hospitality initiative with the launch of its exclusive Pink Floor, a thoughtfully curated women-only space designed to enhance comfort, safety, privacy, and wellness for modern female travelers. This concept reflects the growing global demand for personalized and inclusive travel experiences tailored specifically for women. A key highlight of
- [ADB Appoints Shannon Cowlin as New Country Director for Sri Lanka](https://economictimes.lk/index.php/2026/02/10/adb-appoints-shannon-cowlin-as-new-country-director-for-sri-lanka/) - The Asian Development Bank (ADB) has appointed Shannon Cowlin as its new Country Director for Sri Lanka. She has assumed office in Colombo today. “I am honored to be appointed Country Director of ADB’s Sri Lanka Resident Mission,” Ms. Cowlin said. “For many years, ADB has been a trusted partner of Sri Lanka, supporting the
- [hSenidBiz Achieves USD 5M ARR and Profitability Milestone](https://economictimes.lk/index.php/2026/02/09/hsenidbiz-achieves-usd-5m-arr-and-profitability-milestone/) - hSenid Business Solutions PLC (hSenidBiz) announced its financial results for the third quarter of FY2026, marking a transformative period as the Company achieved profitability and surpassed the USD 5 million exit ARR milestone. Total revenue for the quarter reached LKR 547.6 million, reflecting year-over-year growth of 27 percent in LKR terms and 23 percent in
- [CNCI Achiever Awards 2026 launched](https://economictimes.lk/index.php/2026/02/09/cnci-achiever-awards-2026-launched/) - CNCI Achiever Awards 2026 conducted by the Ceylon National Chamber of Industries (CNCI) will be held in October 2026 for the 25th consecutive year, Amila Sugathapala, Deputy Chairman of CNCl and Achiever Awards Judging Chairman told the official launch ceremony held in Colombo on February 5. ANCL is the official Print Media Partner of the
- [Dilmah Tea: 2026 could be the toughest year for tea growers](https://economictimes.lk/index.php/2026/02/09/dilmah-tea-2026-could-be-the-toughest-year-for-tea-growers/) - Dilhan C. Fernando, Chairman of Dilmah Tea explains the danger of 2026 being the toughest year is not only to growers; this sounds dramatic, but the danger is genuinely to humanity. Discount culture fuels an accelerating emphasis on cheap produce, forcing growers to become unethical, unsustainable or give up. Discounts blind consumers to true value,
- [Ceylinco Life’s Pranama Scholarships reach 25-year milestone](https://economictimes.lk/index.php/2026/02/09/ceylinco-lifes-pranama-scholarships-reach-25-year-milestone/) - Life insurance leader continues investment in country’s young achievers; applications for 2026 edition close on 30th April Ceylinco Life has announced the launch of the 25th consecutive edition of its flagship Pranama Scholarships programme, marking a significant milestone in the company’s long-standing commitment to recognising and rewarding excellence among the children of its policyholders. Under the 2026
- [Asia Siyaka Logistics Centre achieves global first with ZeroCarbon® certification in tea logistics](https://economictimes.lk/index.php/2026/02/09/asia-siyaka-logistics-centre-achieves-global-first-with-zerocarbon-certification-in-tea-logistics/) - Asia Siyaka Warehousing (Pvt) Ltd(ASW), Sri Lanka’s leading tea auction logistics service provider, has achieved a significant global milestone by becoming the world’s first tea logistics company to be awarded ZeroCarbon® certification, reaffirming its commitment to sustainability, operational excellence, and responsible supply chain management The ZeroCarbon® certification, granted by Sustainable Future Group (SFG), recognises organisations
- [Heavy Trading at CSE Pushes Turnover to Rs. 11.11 Billion](https://economictimes.lk/index.php/2026/02/06/heavy-trading-at-cse-pushes-turnover-to-rs-11-11-billion/) - Trading at the Colombo Stock Exchange (CSE) remained highly active from the opening of the market Yesterday (05), with strong momentum observed during the early part of the session. The All Share Price Index (ASPI) recorded several instances of gains exceeding the 100-point level in the initial hours of trading, reflecting heightened investor participation. The
- [World Bank Executive Director Parameswaran Iyer Visits Sri Lanka](https://economictimes.lk/index.php/2026/02/06/world-bank-executive-director-parameswaran-iyer-visits-sri-lanka/) - World Bank Group Executive Director Parameswaran Iyer is on an official visit to Sri Lanka to strengthen development cooperation and support the country’s economic growth efforts. Mr. Iyer, who represents Sri Lanka and several regional countries on the World Bank’s Executive Board, met with Secretary to the Treasury and Ministry of Finance, Planning, and Economic
- [Exclusive Port City Colombo Investor Forum Highlights Sri Lanka’s Transformation](https://economictimes.lk/index.php/2026/02/06/exclusive-port-city-colombo-investor-forum-highlights-sri-lankas-transformation/) - Sri Lanka presented a clear message of confidence, reform, and long-term opportunity at the Exclusive Port City Colombo Investor Forum held on 27th January 2026 at the Shangri-La Hotel, Singapore. Jointly organised by the High Commission of Sri Lanka in Singapore and Port City Colombo, the forum positioned Port City Colombo as the centrepiece of Sri
- [Emirates Flight Catering (EKFC) commissions large-scale biodigester, with aim to reduce annual CO₂ emissions by 2,000 tonnes](https://economictimes.lk/index.php/2026/02/06/emirates-flight-catering-ekfc-commissions-large-scale-biodigester-with-aim-to-reduce-annual-co₂-emissions-by-2000-tonnes/) - Custom-built system marks significant step in EKFC’s landfill diversion efforts Emirates Flight Catering (EKFC) is scaling up its approach to waste management with a custom-built biodigester, one of the largest in commercial scale and capacity. The Power Knot LFC-3000 biodigester at EKFC's Central Commissary Unit enables on-site processing of organic waste, treating it at the
- [Rajendra Theagarajah recognised with SLID–ACCA silver award for board leadership excellence](https://economictimes.lk/index.php/2026/02/05/rajendra-theagarajah-recognised-with-slid-acca-silver-award-for-board-leadership-excellence/) - First Capital Holdings PLC and Janashakthi Finance PLC, subsidiaries of JXG (Janashakthi Group), announced that their Chairman, Rajendra Theagarajah, was honoured with the Silver Award for Outstanding Independent Non-Executive Director of the Year at the inaugural SLID–ACCA National Corporate Director Awards 2025, in recognition of his leadership, integrity and contribution to strengthening corporate governance standards
- [Anax Advisory and Abhiyanta Solutions Forge Strategic Partnership to Accelerate SAP Transformation Across Sri Lanka and Maldives](https://economictimes.lk/index.php/2026/02/05/anax-advisory-and-abhiyanta-solutions-forge-strategic-partnership-to-accelerate-sap-transformation-across-sri-lanka-and-maldives/) - Anax Advisory, a leading Sri Lankan digital transformation and data-driven strategy firm and Subsidiary of “The Anax Holdings (Pvt) Ltd, has announced a strategic partnership with Abhiyanta Solutions , an SAP Gold Partner and globally recognized SAP transformation specialist. This collaboration brings together two complementary organizations to deliver end-to-end SAP modernization, analytics, and AI-driven transformation
- [Sri Lanka–Maldives Business Council Strengthens Community Healthcare Through CSR Initiative](https://economictimes.lk/index.php/2026/02/05/sri-lanka-maldives-business-council-strengthens-community-healthcare-through-csr-initiative/) - The Sri Lanka–Maldives Business Council (SLMLBC), operating under the aegis of the Ceylon Chamber of Commerce, recently handed over a selection of essential medical equipment to the Divisional Hospital, Anavilundawa, as part of its ongoing Corporate Social Responsibility (CSR) initiatives. This contribution is intended to enhance the hospital’s capacity and support healthcare professionals in delivering
- [Sri Lanka Sets Sail with the 9th International Boat Show & Conference](https://economictimes.lk/index.php/2026/02/05/sri-lanka-sets-sail-with-the-9th-international-boat-show-conference/) - A global platform for marine innovation, lifestyle, and tourism30th & 31st January and 1st February 2026, Sri Lanka will open its shores to the world with the Boat & Marine Show and Conference 2026, South Asia’s leading marine lifestyle and industry event. Hosted at the iconic Sail Lanka Charter, Port City Colombo, and open daily
- [Volt Charge Expands National EV Charging Footprint Through Strategic Partnership with Jetwing Hotels](https://economictimes.lk/index.php/2026/02/05/volt-charge-expands-national-ev-charging-footprint-through-strategic-partnership-with-jetwing-hotels/) - Volt Charge, Sri Lanka’s fastest-growing electric vehicle (EV) charging network, has announced a strategic partnership with Jetwing Hotels to deploy EV charging infrastructure across a selection of Jetwing’s key hotels islandwide. Under the agreement, nine EV charging stations will be installed at Jetwing Sea, Jetwing Beach, Jetwing Lagoon Wellness, Jetwing Saman Villas, Jetwing Kaduruketha, Jetwing
- [Resetting for Growth: Inside Würth Lanka’s Leadership Shift](https://economictimes.lk/index.php/2026/02/02/resetting-for-growth-inside-wurth-lankas-leadership-shift/) - A year of notable achievements is capped off with fresh perspectives in management, readying the company for future success After a year of strong momentum and accelerated growth, Würth Lanka has entered 2026 with a renewed sense of direction—anchored by a refreshed management team designed to sharpen execution and deepen customer focus. The leadership transition
- [Asia’s factory activity expands on solid global demand](https://economictimes.lk/index.php/2026/02/02/asias-factory-activity-expands-on-solid-global-demand/) - Reuters - Asia's factory activity ​expanded in January as solid global demand lifted export orders, private-sector surveys ‌showed on Monday, offering policymakers some assurance the hit from higher U.S. tariffs has run its course for now. Japan and South Korea saw manufacturing activity grow at a multi-year pace as big markets like the U.S. sustained
- [DFCC Pinnacle Hosts Exclusive Lifestyle Seminar on Cardiovascular Health](https://economictimes.lk/index.php/2026/02/02/dfcc-pinnacle-hosts-exclusive-lifestyle-seminar-on-cardiovascular-health/) - DFCC Pinnacle hosted an exclusive lifestyle forum titled Matters of the Heart on 17 January 2026 at the DFCC Bank Pinnacle Centre, in collaboration with Mount Elizabeth Hospital, Singapore. The session was led by world-renowned cardiothoracic surgeon Dr Sivathasan Cumaraswamy, who delivered an insightful presentation entitled Cardiovascular Diseases: What, When, and Why. The forum sought to raise awareness
- [Daraz Sri Lanka’s 2.2 “Fabulous Feb” brings Valentine-season deals, Golden Rush Hour savings, and Everyday Low Price value](https://economictimes.lk/index.php/2026/02/02/daraz-sri-lankas-2-2-fabulous-feb-brings-valentine-season-deals-golden-rush-hour-savings-and-everyday-low-price-value/) - Daraz Sri Lanka is welcoming the feel-good energy of Valentine's season with its 2.2 shopping campaign, ‘Fabulous Feb – 2 Good 2 Miss!’, bringing together festive February gifting moments and deals designed to be instantly unmissable. Running from 1 February (8:00 PM) to 6 February, the campaign taps into a month shaped by warmth, self-love,
- [DIMO Lights Up SSC for International Day–Night Cricket](https://economictimes.lk/index.php/2026/02/02/dimo-lights-up-ssc-for-international-day-night-cricket/) - DIMO has successfully completed the design, supply, installation, and commissioning of a state-of-the-art floodlighting system at the Singhalese Sports Club (SSC), positioning it as Colombo’s second and the country’s fifth cricket venue capable of hosting international day–night matches. The SSC is also one of the three venues selected to host matches during the ICC Men’s
- [Focus on enhancing industrial and investment cooperation](https://economictimes.lk/index.php/2026/01/30/focus-on-enhancing-industrial-and-investment-cooperation/) - A special meeting was held on January 28 between the Special Assistant to the Prime Minister for Industry and Manufacturing of Pakistan, Haroon Akhtar Khan, who is in the country on an official visit, and the Minister of Industry and Entrepreneurship Development, Sunil Handunnetti, at the Ministry of Industry and Entrepreneurship Development. The discussion was
- [“Export Performance Indicators 2024” launched](https://economictimes.lk/index.php/2026/01/30/export-performance-indicators-2024-launched/) - The latest edition provides statistical information related to Sri Lanka’s external trade and its contribution to major economic indicators such as trade balance. GDP and individual sectoral involvement for the year 2024 and five preceding years. This volume is the 38th Volume of this publication, and its previous editions have been constantly used as a
- [LB Finance secures USD 45 Mn in strategic foreign funding](https://economictimes.lk/index.php/2026/01/30/lb-finance-secures-usd-45-mn-in-strategic-foreign-funding/) - LB Finance PLC has secured USD 45 million in strategic funding from two leading Switzerland-based impact investors, responsAbility Investments AG and BlueOrchard Finance Ltd. This landmark transaction represents a significant milestone in LB Finance’s growth trajectory and reinforces international confidence in the Company’s long-term vision and resilience. The long-term senior debt facilities comprise a USD
- [HNB PLC backs TiECON Sri Lanka 2026 as Platinum Sponsor, strengthening Sri Lanka’s runway to global markets](https://economictimes.lk/index.php/2026/01/30/hnb-plc-backs-tiecon-sri-lanka-2026-as-platinum-sponsor-strengthening-sri-lankas-runway-to-global-markets/) - HNB PLC partnered TiECON Sri Lanka 2026 as its Platinum Sponsor, reinforcing its commitment to supporting Sri Lankan entrepreneurs as they scale beyond local market entry and compete internationally. Through this partnership, HNB backed a summit designed to drive practical, execution-led conversations between founders, investors, mentors, and industry leaders. Hosted at Cinnamon Life, Colombo, TiECON
- [MullenLowe Group Sri Lanka appoints Harendra Uyanage as Chief Creative Officer](https://economictimes.lk/index.php/2026/01/30/mullenlowe-group-sri-lanka-appoints-harendra-uyanage-as-chief-creative-officer/) - The MullenLowe Group (MLG) Sri Lanka announced the appointment of Harendra Uyanage as Chief Creative Officer (CCO), further strengthening the Group’s creative leadership as it continues to shape culture-led, business-driving brand thinking across categories. Harendra’s appointment recognises a career built on strategic creativity, filmmaking excellence, and an ability to redefine how legacy and emerging brands
- [i Grid Holdings introduces i BIKE SLI 100 to Sri Lanka](https://economictimes.lk/index.php/2026/01/29/i-grid-holdings-introduces-i-bike-sli-100-to-sri-lanka/) - i Grid Holdings, a Sri Lankan company founded in 2016 and recognised with numerous awards in the solar industry over the past decade, has entered the electric mobility sector with the launch of the i BIKE SLI 100 a modern electric scooter designed specifically for Sri Lankan roads and lifestyles. Developed with a deep understanding
- [Emirates and Marriott International to Bring First-Ever Ritz-Carlton Lodge Globally to Australia’s Wolgan Valley](https://economictimes.lk/index.php/2026/01/29/emirates-and-marriott-international-to-bring-first-ever-ritz-carlton-lodge-globally-to-australias-wolgan-valley/) - Two leaders in travel come together to open Emirates Wolgan Valley, a Ritz-Carlton Lodge in mid-2026, signifying the global debut of ‘The Ritz-Carlton Lodge’ and a milestone project for New South Wales’ regional luxury tourism Emirates and Marriott International, Inc. (NASDAQ: MAR) have signed an agreement to open Emirates Wolgan Valley, a Ritz-Carlton Lodge – a 40-key
- [Chokolaate Opens Designer Call-Out for the Iconic MDFD Fashion Competition](https://economictimes.lk/index.php/2026/01/29/chokolaate-opens-designer-call-out-for-the-iconic-mdfd-fashion-competition/) - Chokolaate, Sri Lanka’s leading youth-centric media platform, announced the official call-out for designers to participate in the much-anticipated Mother-Daughter Fashion Designer (MDFD) contest. Now in its 16th year, MDFD continues its legacy as one of the island’s most influential creative platforms for emerging fashion talent. Organised annually by Chokolaate Magazine — founded in 2006 with the mission
- [Altair Issues Over 100+ Title Deeds Post Ownership Change](https://economictimes.lk/index.php/2026/01/29/altair-issues-over-100-title-deeds-post-ownership-change/) - Altair Residences have, over the past six months, seen more than 100 individual title deeds being executed by apartment owners, providing owners with a clear, registered, legal title to their apartments in accordance with Sri Lankan property law. This has been a key initiative by the new owners and management of Altair to improve governance
- [Pan Asia Bank felicitates longstanding employees at special appreciation event](https://economictimes.lk/index.php/2026/01/28/pan-asia-bank-felicitates-longstanding-employees-at-special-appreciation-event/) - Pan Asia Bank recently paid tribute to the loyalty and dedication of its long-serving employees at a special recognition event organised by the Bank’s Human Resources Division.The event was graced by the Chairman of Pan Asia Bank Aravinda Perera, the Director/CEO Naleen Edirisinghe and the Corporate Management members.The occasion celebrated individuals who played a pivotal
- [Long-term structural reforms critical to ensure sustainable, inclusive and resilient economic growth](https://economictimes.lk/index.php/2026/01/28/long-term-structural-reforms-critical-to-ensure-sustainable-inclusive-and-resilient-economic-growth/) - Q :How would you assess Sri Lanka’s economic recovery after the Ditwah? What has been the most pressing challenge in the aftermath? A: Sri Lanka’s recovery after the Ditwah has been gradual but increasingly visible, characterized by improvements in macroeconomic stability, a noticeable easing of inflationary pressures, and the gradual restoration of essential supply chains
- [Sri Lanka stands out for scale and breadth of tax concessions](https://economictimes.lk/index.php/2026/01/28/sri-lanka-stands-out-for-scale-and-breadth-of-tax-concessions/) - Sri Lanka has long been an outlier in the extent to which it grants tax concessions, former Chief Economic Adviser to the Government of India Arvind Subramanian said, warning that such policies lay at the heart of the country’s persistent fiscal and macroeconomic troubles. Speaking on the sidelines of The Examiner’s book talk, A Sixth
- [Sri Lanka sets stage for landmark presence at Gulfood 2026](https://economictimes.lk/index.php/2026/01/28/sri-lanka-sets-stage-for-landmark-presence-at-gulfood-2026/) - Sri Lanka is set to make a remarkable presence at Gulfood 2026, one of the world’s largest and most prestigious food and beverage exhibitions, organized by the Sri Lanka Export Development Board (SLEDB). With its participation, the island nation aims to showcase its rich food ingredients, premium-quality products, and dynamic export potential on a truly
- [Tourist arrivals in 2026 top 223,000](https://economictimes.lk/index.php/2026/01/28/tourist-arrivals-in-2026-top-223000/) - A total of 223,645 tourists have arrived in the country thus far in 2026, data from the Sri Lanka Tourism Development Authority (SLTDA) shows. According to data released by the SLTDA, a total of 41,603 tourists have arrived from India which accounts to 19.0%. Furthermore, 23,329 persons from the United Kingdom, 22,876 from Russia, 14,431
- [SLASSCOM Propels 25 Sri Lankan Startups onto the Global Stage](https://economictimes.lk/index.php/2026/01/27/slasscom-propels-25-sri-lankan-startups-onto-the-global-stage/) - The Sri Lanka Association for Software and Services Companies (SLASSCOM) is accelerating Sri Lanka’s startup ecosystem by giving 25 high-potential local startups unprecedented global exposure through a fully funded, six-week international residential entrepreneurship programme at IIT Madras Pravartak, India. Supported by the High Commission of India in Sri Lanka and delivered in partnership with one
- [Sri Lanka’s apparel exports grow 5.4% in December 2025; full-year exports top USD 5 billion](https://economictimes.lk/index.php/2026/01/27/sri-lankas-apparel-exports-grow-5-4-in-december-2025-full-year-exports-top-usd-5-billion/) - Sri Lanka’s exports of apparel and made-up textile articles (HS Chapters 61, 62 and 63) rose to US$447.21 million in December 2025, up 5.43% from US$424.18 million in December 2024, according to industry export statistics. Growth was recorded across the three main destination markets. Exports to the USA increased 6.49% year-on-year to US$178.29 million (from
- [JXG leadership reaffirms commitment to people-centric leadership with listening led-leadership](https://economictimes.lk/index.php/2026/01/27/jxg-leadership-reaffirms-commitment-to-people-centric-leadership-with-listening-led-leadership/) - JXG (Janashakthi Group) hosted ‘Listening Led Leadership’ a programme designed to reinforce the organisation’s commitment to strengthening its empathy-led workplace. The programme was hosted recently at Radisson Hotel - Colombo, bringing together leadership and management teams across JXG for an immersive learning experience aimed at strengthening its leadership’s empathetic capabilities to better respond to their
- [Union Bank Horana Branch Relocates to Offer Enhance Customer Experience](https://economictimes.lk/index.php/2026/01/27/union-bank-horana-branch-relocates-to-offer-enhance-customer-experience/) - Union Bank Horana Branch relocated to a new and spacious premises at No. 99A1/A, Somananda Mawatha, Horana, further strengthening its presence in the Horana area whilst offering an enhanced banking experience to customers. The new premises offers an all-new private banking space for Elite Circle members, meeting/conference facilities for customers and the luxury of ample
- [Mabroc Teas launches TeaTrace, pioneering digital transparency across the global tea trade](https://economictimes.lk/index.php/2026/01/27/mabroc-teas-launches-teatrace-pioneering-digital-transparency-across-the-global-tea-trade/) - As transparency becomes a defining requirement among European buyers, Mabroc Teas (Pvt) Ltd – a member of the Hayleys Group and one of Sri Lanka’s leading tea exporters – has launched TeaTrace, a data-driven traceability platform designed to meet evolving global standards in ethical and sustainable sourcing. Developed in collaboration with ITechro, the platform ensures
- [Pioneer the Future of Healthcare with Your Biomedical Sciences Degree at APIIT Sri Lanka](https://economictimes.lk/index.php/2026/01/26/pioneer-the-future-of-healthcare-with-your-biomedical-sciences-degree-at-apiit-sri-lanka/) - The world of healthcare is evolving faster than ever before, with breakthroughs reshaping how we prevent, diagnose, and treat disease. Just recently, researchers made global headlines for developing “skin in a syringe,” injectable skin cells engineered to regenerate damaged tissue, offering hope for burn victims and patients with chronic wounds. Elsewhere, scientists are harnessing gene
- [CAHM launches Junior Chef Competition, powered by 7 Star Wheat Flour as Title Sponsor](https://economictimes.lk/index.php/2026/01/26/cahm-launches-junior-chef-competition-powered-by-7-star-wheat-flour-as-title-sponsor/) - The Colombo Academy of Hospitality Management (Pvt) Ltd. (CAHM), Sri Lanka’s leading private hospitality and culinary training institute located at the SLIIT main Campus Malabe, has officially launched the CAHM 7-Star Junior Chef Competition – Season 01. The competition, aimed at nurturing the next generation of culinary professionals, is proudly supported by Serendib Flour Mills (Pvt) Ltd,
- [DIMO Healthcare Brings Advanced ZEISS Ophthalmology Technologies to Ninewells Eye](https://economictimes.lk/index.php/2026/01/26/dimo-healthcare-brings-advanced-zeiss-ophthalmology-technologies-to-ninewells-eye/) - Ninewells Hospital has opened Ninewells Eye, a state-of-the-art eye clinic aimed at enhancing access to advanced ophthalmic care. DIMO Healthcare has equipped Ninewells Eye, the newly established eye clinic at Ninewells Hospital, with a comprehensive range of advanced ophthalmic technologies from ZEISS, bringing globally recognised eye-care solutions to the Sri Lankan healthcare sector. As the
- [Sri Lanka takes AsiaBerlin by storm showcasing innovation & startup potential](https://economictimes.lk/index.php/2026/01/26/sri-lanka-takes-asiaberlin-by-storm-showcasing-innovation-startup-potential/) - Sri Lanka captured global attention at the AsiaBerlin Summit 2025, showcasing the country’s expanding innovation and startup potential. Through a dynamic delegation of tech companies and high-level networking, the country demonstrated the strength, adaptability, and entrepreneurial spirit driving its digital economy. The Summit provided a platform to position Sri Lanka’s innovation ecosystem and build meaningful
- [Plant-powered plates: Emirates shifts focus for vegan cuisine to meet customers desire for minimally processed food](https://economictimes.lk/index.php/2026/01/26/plant-powered-plates-emirates-shifts-focus-for-vegan-cuisine-to-meet-customers-desire-for-minimally-processed-food/) - As global consumers increasingly focus on nutrition, health and wellbeing with a back-to-basics approach of consuming minimally processed food, this Veganuary - Emirates confirms new concepts are in development to celebrate real, whole, and farm-to-fork plant foods. The current development project sees a team of chefs create dishes that feel authentic, vibrant and rooted in
- [Roar Global completes landmark share buyback](https://economictimes.lk/index.php/2026/01/23/roar-global-completes-landmark-share-buyback/) - Consolidates ownership to support long-term growth, marking major exit for BOV Capital Roar Global, a mar-tech venture builder that builds, acquires, and scales companies across platform ecosystems and AI, has completed a landmark share buyback of its early institutional investor, BOV Capital, marking a significant milestone in the group’s evolution. The transaction represents a major exit
- [ComBank advances ForwardTogether agenda with event on sustainable business transformation](https://economictimes.lk/index.php/2026/01/23/combank-advances-forwardtogether-agenda-with-event-on-sustainable-business-transformation/) - Anchored in its long-term commitment to create a sustainable future for Sri Lanka and beyond, Commercial Bank of Ceylon has advanced its ‘ForwardTogether’ sustainability journey by hosting “ForwardTogether 2026: Partnering for a Sustainable Corporate Future,” a focused engagement designed to translate sustainability dialogue into practical action with customers. Held at the Lotus Ballroom of the
- [HIP Initiates Sri Lanka’s First Fully Automated Paperless Port Gate Pass](https://economictimes.lk/index.php/2026/01/23/hip-initiates-sri-lankas-first-fully-automated-paperless-port-gate-pass/) - Hambantota International Port (HIP) has launched its Automated Gate Pass Management System (AGPMS), becoming the first port in Sri Lanka to introduce a fully automated, QR-code-based, paperless gate pass solution. The initiative marks a major step forward in HIP’s digital transformation, strengthening efficiency, security, and access control across port operations. The system was officially inaugurated
- [Swisstek Aluminium Opens Design Studio Focused on Modern Architectural Aluminium](https://economictimes.lk/index.php/2026/01/23/swisstek-aluminium-opens-design-studio-focused-on-modern-architectural-aluminium/) - Swisstek Aluminium officially opened its new Design Studio at 118A, Nawala Road, Narahenpita, Colombo 05, further strengthening its position the leading aluminium solutions provider in Sri Lanka. Designed as an experiential space, the studio brings together Swisstek’s aluminium systems in one setting, including Sri Lanka’s first true SLIMLINE sliding systems, alongside a comprehensive range of
- [FINEXT 2025 Career Fair of the University of Sri Jayewardenepura Connects Undergraduates with Leading Industry Partners](https://economictimes.lk/index.php/2026/01/22/finext-2025-career-fair-of-the-university-of-sri-jayewardenepura-connects-undergraduates-with-leading-industry-partners/) - FINEXT 2025, the annual career fair organised by the Students’ Association of Finance of the Department of Finance, Faculty of Management Studies and Commerce, University of Sri Jayewardenepura, was successfully conducted recently, providing undergraduates with valuable exposure to leading organisations across the finance, technology, and professional services sectors. The event continued to strengthen its reputation
- [Siddhalepa Ayurveda Opens New Outlet at Katunayake Airport Departure Terminal, Strengthening Hettigoda Group’s Global Well-being Footprint](https://economictimes.lk/index.php/2026/01/22/siddhalepa-ayurveda-opens-new-outlet-at-katunayake-airport-departure-terminal-strengthening-hettigoda-groups-global-well-being-footprint/) - Siddhalepa Ayurveda, a key pillar of the Hettigoda Group of Companies, is proud to announce the opening of its newest outlet at the Departure Terminal of the Bandaranaike International Airport (BIA), Katunayake. This expansion marks a significant milestone for the Group as it continues to take the heritage of Sri Lankan Ayurveda to the world.
- [Prime Minister Highlights Tourism as a Tool of Soft Power at Global Forum in Davos](https://economictimes.lk/index.php/2026/01/22/prime-minister-highlights-tourism-as-a-tool-of-soft-power-at-global-forum-in-davos/) - Prime Minister Dr. Harini Amarasuriya participated in a high-level dialogue titled “Tourism as Soft Power and Diplomatic Capital” held at the Euronews Hub, Piz Buin Davos, on the sidelines of the World Economic Forum on January 20. The session explored how tourism functions as a strategic instrument of diplomacy by strengthening international trust, cultural exchange,
- [Sunshine Holdings to Acquire 75% Stake in Leading Export-Oriented Company, Joint Agri Products Ceylon (Private) Limited](https://economictimes.lk/index.php/2026/01/22/sunshine-holdings-to-acquire-75-stake-in-leading-export-oriented-company-joint-agri-products-ceylon-private-limited/) - Sunshine Holdings PLC (SUN), one of Sri Lanka’s diversified conglomerates, announced its intention to acquire a 75% stake in Joint Agri Products Ceylon (Private) Limited (JAPC), a leading export-oriented company, subject to the conditions in the Share Purchase Agreement (SPA) signed on 21st January 2026. The signing of the SPA took place at Sunshine Holdings PLC’s Corporate
- [Fairway Holdings Launches Its 7th Luxury Apartment Project, “Fairway Latitude”](https://economictimes.lk/index.php/2026/01/22/fairway-holdings-launches-its-7th-luxury-apartment-project-fairway-latitude/) - Fairway Holdings, a leading condominium developer in Sri Lanka, synonymous with luxury and quality, celebrated the launch of its 7th apartment project, Fairway Latitude, on 20 January 2026, at Cinnamon Life. Located at No. 7, High Level Road, Kirulapone, Fairway Latitude represents the latest chapter in an expansive portfolio of contemporary home options from Fairway
- [Dialog Enterprise and the National Chamber of Exporters of Sri Lanka to Drive the Digital Transformation of Sri Lankan Exporters](https://economictimes.lk/index.php/2026/01/21/dialog-enterprise-and-the-national-chamber-of-exporters-of-sri-lanka-to-drive-the-digital-transformation-of-sri-lankan-exporters/) - Dialog Enterprise, the corporate ICT solutions arm of Dialog Axiata PLC, together with the National Chamber of Exporters of Sri Lanka (NCE), recently hosted “From Sri Lanka to the World – Digital Marketing Strategies for Export Growth,” a knowledge-sharing seminar focused on strengthening the digital capabilities of Sri Lankan exporters. The event brought together industry
- [EDB Hosts National Consultative Forum on Strategic Export Development Roadmap 2026 – 2030](https://economictimes.lk/index.php/2026/01/21/edb-hosts-national-consultative-forum-on-strategic-export-development-roadmap-2026-2030/) - Export Development Board (EDB) recently held the National Consultative Forum on the Strategic Export Development Roadmap 2026-2030 at its head office. As the nation's premier export promotion organization, the EDB is currently formulating the National Export Development Plan to guide Sri Lanka's export-led economic transformation over the next five years. The objective of the forum
- [Sri Lanka’s apparel sector signals a new era of social sustainability at Colombo forum](https://economictimes.lk/index.php/2026/01/21/sri-lankas-apparel-sector-signals-a-new-era-of-social-sustainability-at-colombo-forum/) - Sri Lanka’s apparel industry reaffirmed its leadership in ethical manufacturing at a high-level forum held in Colombo on 13 January 2026, where local and international experts gathered to examine how social sustainability can strengthen the country’s export competitiveness. Hosted at the Taj Samudra, the event brought together representatives from WRAP (Worldwide Responsible Accredited Production), Intertek
- [Writer Business Services Enters Sri Lanka to Partner with Institutions to Provide Information Management and Payments Solutions](https://economictimes.lk/index.php/2026/01/21/writer-business-services-enters-sri-lanka-to-partner-with-institutions-to-provide-information-management-and-payments-solutions/) - To launch a world-class secure storage facility in Seeduwa, Colombo Bring advanced information management, including cybersecurity and payments solutions tailored for banking, government, and large enterprises Writer Corporation, one of India’s leading business groups, today announced the launch of its subsidiary, Writer Business Services Pvt. Ltd., and the commencement of its operations in Sri Lanka.
- [DFCC Bank Excels at the 41st Mercantile Inter-Firm Team Badminton Championships](https://economictimes.lk/index.php/2026/01/20/dfcc-bank-excels-at-the-41st-mercantile-inter-firm-team-badminton-championships/) - DFCC Bank’s Badminton Team delivered a strong performance at the 41st Mercantile Inter-Firm Team Badminton Championships, organised by the Mercantile Badminton Association of Sri Lanka. Held in late 2025, the tournament brought together more than 250 teams from across the country, making it one of the most competitive inter-firm sporting events in Sri Lanka. Competing
- [Sampath Bank Launches Women Entrepreneurs Pitch for Growth Under Sampath Saviya Programme](https://economictimes.lk/index.php/2026/01/20/sampath-bank-launches-women-entrepreneurs-pitch-for-growth-under-sampath-saviya-programme/) - Sampath Bank PLC continues to further its role as a catalyst for inclusive economic growth with the “200 Women Startups Development Programme”, which was launched under its flagship Sampath Saviya Entrepreneurship Development Programme. The initiative is a national-level effort aimed at identifying, nurturing, and scaling-up women-led enterprises across Sri Lanka. The programme achieved a key
- [Asian Paints Causeway Redefines Industry Standards with Landmark ‘Night of Champions’ Auto Refinish Product Unveiling](https://economictimes.lk/index.php/2026/01/20/asian-paints-causeway-redefines-industry-standards-with-landmark-night-of-champions-auto-refinish-product-unveiling/) - Asian Paints Causeway, the nation’s undisputed leader in the Auto Refinish sector, ushered in a new era of automotive innovation at its signature “Night of Champions” event. Held at the prestigious ITC Ratnadeepa Hotel, the gathering brought together over 250 dealers and corporate partners, marking it as the largest and most dynamic convention ever held
- [Seylan Bank Accelerates Climate Action by Joining Global Carbon Accounting Partnership](https://economictimes.lk/index.php/2026/01/20/seylan-bank-accelerates-climate-action-by-joining-global-carbon-accounting-partnership/) - Seylan Bank PLC recently joined the Partnership for Carbon Accounting Financials (PCAF), officially strengthening its commitment to sustainability and transparent climate reporting. With this step, Seylan Bank became one of the leading financial institutions in Sri Lanka to align with an internationally recognized framework for measuring and disclosing financed greenhouse gas (GHG) emissions. PCAF is
- [UST to Expand Sri Lanka Operations Following Tailwind Acquisition](https://economictimes.lk/index.php/2026/01/20/ust-to-expand-sri-lanka-operations-following-tailwind-acquisition/) - UST Acquires Leading Fintech Innovator Tailwind Acquisition of key Texas and Brazil-based firm increases UST's standing in the rapidly growing market for digital banking solutions and support services UST, a leading AI and technology transformation solutions company, has acquired Texas based fintech company Tailwind Business Ventures, strengthening its position in a dynamic sector while also expanding its presence
- [Casons Taxi rebrands as The Taxi Company](https://economictimes.lk/index.php/2026/01/19/casons-taxi-rebrands-as-the-taxi-company/) - Casons Taxi has officially rebranded as The Taxi Company, effective 10 January 2026, marking a new phase in the company’s evolution with a refreshed brand identity, new logo, and an enhanced digital presence. Under the rebrand, the company confirmed that rates, billing processes, and service delivery will remain unchanged throughout the transition. “This is purely
- [Sarvesh Suri Named IFC’s new Regional Vice President for Asia and the Pacific](https://economictimes.lk/index.php/2026/01/19/sarvesh-suri-named-ifcs-new-regional-vice-president-for-asia-and-the-pacific/) - Two New Division Directors Added to Support the Region Sarvesh Suri is named IFC’s Regional Vice President for Asia and the Pacific, bringing 25 years of global investment and development expertise as well as a proven track record of fostering public-private collaborations. In making the announcement, IFC confirmed that Suri will strategically lead all investment
- [Sri Lanka Manufacturing and services activities expand in December 2025](https://economictimes.lk/index.php/2026/01/19/sri-lanka-manufacturing-and-services-activities-expand-in-december-2025/) - Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 60.9 in December 2025, indicating a continued expansion in manufacturing activities. All sub-indices contributed positively to this increase, mainly supported by seasonal demand, despite adverse weather-related disruptions experienced at the beginning of the month. Sri Lanka Purchasing Managers’ Index for
- [Stocks skid in Asia, dollar dips on trade war risk](https://economictimes.lk/index.php/2026/01/19/stocks-skid-in-asia-dollar-dips-on-trade-war-risk/) - Reuters - U.S. stock futures slid on Monday after President Donald Trump threatened to slap extra tariffs on eight European nations until ​the U.S. is allowed to buy Greenland, pushing the dollar down on the safe-haven yen and Swiss franc. Gold and silver both jumped ‌to all-time highs, while oil slipped on concerns about what an all-out trade war
- [Marlbo Trading introduces FLIR Thermal Cameras to enhance safety and fault detection](https://economictimes.lk/index.php/2026/01/19/marlbo-trading-introduces-flir-thermal-cameras-to-enhance-safety-and-fault-detection/) - Sophisticated inspection instruments now enable the early detection of loose electrical connections, identify heat loss from buildings, and locate individuals obscured by smoke during emergencies. These capabilities are made possible through thermal imaging cameras, which have become essential in modern safety and inspection practices. Unlike conventional cameras, thermal imaging cameras detect infrared radiation emitted by
- [Sri Lanka’s apparel industry strengthens UK market presence at Source Fashion London](https://economictimes.lk/index.php/2026/01/16/sri-lankas-apparel-industry-strengthens-uk-market-presence-at-source-fashion-london/) - Sri Lanka’s apparel industry made a strong and impactful presence at Source Fashion London 2026, held from January 13-15 at Olympia London, United Kingdom, reinforcing the country’s position as a reliable and competitive global sourcing destination. The Sri Lanka Pavilion, comprising 20 stalls, featured leading apparel manufacturers, including 12 small and medium-scale enterprises (SMEs). The pavilion was organized by the Sri Lanka Export Development
- [Agoda Picks Colombo for Wesak Travel in 2026 Asia Guide](https://economictimes.lk/index.php/2026/01/16/agoda-picks-colombo-for-wesak-travel-in-2026-asia-guide/) - Sri Lanka’s commercial capital Colombo has been featured in Agoda’s month-by-month travel guide for 2026, with the global digital travel platform recommending the city as a top destination for May, coinciding with the Vesak festival. Agoda said visitors travelling to Colombo during this period can experience vibrant lantern displays, temple observances and evening processions, offering
- [JAT Holdings Celebrates the 6th Pintharu Abhiman Convocation, Uplifting Over 800 Painters Through NVQ Certification](https://economictimes.lk/index.php/2026/01/16/jat-holdings-celebrates-the-6th-pintharu-abhiman-convocation-uplifting-over-800-painters-through-nvq-certification/) - JAT Holdings PLC marked a significant milestone with the successful conclusion of the 6th JAT Pintharu Abhiman Convocation, recognising more than 800 painters who have earned their NVQ Level 3 qualification, an internationally recognised professional certification delivered in partnership with the National Apprentice and Industrial Training Authority (NAITA). JAT Pintharu Abhiman was established to uplift
- [SLT‑MOBITEL and Fintelex empower farmers with the launch of Yaya Agro App](https://economictimes.lk/index.php/2026/01/16/slt‑mobitel-and-fintelex-empower-farmers-with-the-launch-of-yaya-agro-app/) - SLT‑MOBITEL Mobile, in collaboration with Fintelex (Pvt) Ltd, has launched ‘Yaya Agro’, an exclusive all‑in‑one smart agriculture app designed to empower Sri Lankan farmers with the tools they need to grow smarter, safer, and more sustainably. Yaya Agro represents a new era of digital farming in Sri Lanka combining technology, expert knowledge, and community empowerment
- [Moose launches Sri Lanka’s Official ICC Men’s T20 World Cup 2026 Jersey and Moose Fan App](https://economictimes.lk/index.php/2026/01/16/moose-launches-sri-lankas-official-icc-mens-t20-world-cup-2026-jersey-and-moose-fan-app/) - As Sri Lanka Cricket prepares for the ICC Men’s T20 World Cup 2026, Moose Clothing Company, the Official Clothing Partner of Sri Lanka Cricket, marked a major milestone with the launch of Sri Lanka’s Official ICC Men’s T20 World Cup 2026 Jersey, alongside the unveiling of the Moose Fan App - a first-of-its-kind digital experience
- [Amana Bank opens first Self Banking Centre in Thambala, Polonnaruwa district](https://economictimes.lk/index.php/2026/01/14/amana-bank-opens-first-self-banking-centre-in-thambala-polonnaruwa-district/) - Amana Bank has further expanded its people-friendly and development-focused banking footprint with the opening of its 41st Self Banking Centre (SBC) in Thambala, located in the Polonnaruwa District, marking its presence as the first private bank in Thambala and serving the surrounding agricultural and trading community. Responding to the long-standing need for a convenient and
- [Shing Kwan Group donates USD 100,000 to Rebuild Sri Lanka Fund following Cyclone Ditwah](https://economictimes.lk/index.php/2026/01/14/shing-kwan-group-donates-usd-100000-to-rebuild-sri-lanka-fund-following-cyclone-ditwah/) - Shing Kwan Group (SKG), the majority shareholder of Overseas Realty (Ceylon) PLC donated USD 100,000 to the Rebuild Sri Lanka Fund, extending its support to the national recovery efforts following the widespread devastation caused by Cyclone Ditwah. The Shing Kwan Group (SKG), a leading property holding and investment company based in Singapore, together with its
- [Sri Lanka launches first-ever smart bus ticketing system](https://economictimes.lk/index.php/2026/01/14/sri-lanka-launches-first-ever-smart-bus-ticketing-system/) - Sri Lanka has taken a historic step forward with the launch of its first Smart Bus Ticketing System, enabling passengers to pay fares using contactless cards, digital wallets, and QR payments. This advancement places the country among global leaders in smart mobility. The initiative was made possible through collaboration with the Government of Sri Lanka,
- [Hambantota International Port Records 175% Cargo Growth in 2025](https://economictimes.lk/index.php/2026/01/14/hambantota-international-port-records-175-cargo-growth-in-2025/) - Hambantota International Port (HIP) closed 2025 with a landmark performance, recording a 175% year-on-year increase in total cargo volumes despite what has been widely recognised as one of the most challenging years for the global port industry. HIP handled 8.24 million metric tonnes of cargo in 2025, up from 3.0 million metric tonnes in 2024,
- [GovPay now on Union Bank BizDirect Platform](https://economictimes.lk/index.php/2026/01/14/govpay-now-on-union-bank-bizdirect-platform/) - Union Bank continues to simplify business banking with the introduction of GovPay on its payments & cash management platform BizDirect enabling businesses to make government payments fast, secure and conveniently. Through BizDirect GovPay, customers can settle payments to key government institutions including the Inland Revenue Department, Sri Lanka Customs, Employees’ Provident Fund (EPF), Sri Lanka
- [Zoomtech Solutions launches 4G WIFI Series Tiandy CCTV Camera](https://economictimes.lk/index.php/2026/01/13/zoomtech-solutions-launches-4g-wifi-series-tiandy-cctv-camera/) - Zoomtech Solutions Pvt Ltd launched its 4G WIFI Series Tiandy CCTV Camera and the New Tiandy showroom was opening recently at Maliban Street, Colombo. Zoomtech Solutions is famous for its CCTV and security solutions industry and it continues to expand its footprint under the leadership of its Founder and Managing Director of Zoomtech Solutions Musthak
- [Thermal imaging emerges as game-changer in safety and fault detection](https://economictimes.lk/index.php/2026/01/13/thermal-imaging-emerges-as-game-changer-in-safety-and-fault-detection/) - Global technology continues to reshape the electrical and safety landscape. Sophisticated inspection instruments now enable the early detection of loose electrical connections before they spark, identify heat loss from buildings, and locate individuals obscured by smoke during emergencies. These capabilities are made possible through thermal imaging cameras, which have become an essential technology in modern
- [FitsAir Certified to Conduct In-House Airbus A320 Pilot Training](https://economictimes.lk/index.php/2026/01/13/fitsair-certified-to-conduct-in-house-airbus-a320-pilot-training/) - New approval allows the airline to deliver end-to-end Airbus A320 pilot training using certified flight simulation systems FitsAir, has been officially certified by the Civil Aviation Authority of Sri Lanka (CAASL) as an Approved Training Organisation (ATO), authorising the airline to conduct in-house Airbus A320 pilot type training. This milestone certification confirms FitsAir’s full compliance
- [Prime Group Expands Its Footprint to Elevate Customer Experience and Reinforce Its Commitment to Excellence with the Launch of the Kalutara Branch](https://economictimes.lk/index.php/2026/01/13/prime-group-expands-its-footprint-to-elevate-customer-experience-and-reinforce-its-commitment-to-excellence-with-the-launch-of-the-kalutara-branch/) - Prime Group, the real estate giant in Sri Lanka, celebrating 30 years of breakthrough innovation in the industry, highlighting trust, progress, and excellence, is expanding footprint with the opening the Group’s 7th branch in No. 270, Main Street, Kalutara - South. The new Kalutara branch is a strategically located and a technologically advanced space, designed
- [One Destination, Many Experiences: A Guide to Dining at Cinnamon Life This January](https://economictimes.lk/index.php/2026/01/13/one-destination-many-experiences-a-guide-to-dining-at-cinnamon-life-this-january/) - The start of a new year calls for fresh perspectives, meaningful moments, and experiences that feel just right. This January, Cinnamon Life at City of Dreams invites guests to ease into 2026 through a thoughtfully curated range of dining experiences, each designed to match a different mood, moment, or craving, all within one destination. Whether
- [Binance’s 2025 End-of-Year Report: Trust, Liquidity, and Web3 Discovery](https://economictimes.lk/index.php/2026/01/12/binances-2025-end-of-year-report-trust-liquidity-and-web3-discovery/) - In 2025, Binance became the first global exchange to secure full authorization under ADGM’s internationally recognized framework and crossed 300 million registered users worldwide, signaling a new phase where scale and regulatory scrutiny advance together. Binance remained a primary venue for global crypto liquidity, with $34 trillion traded on the platform in 2025 and spot
- [HNB General Insurance Enters a Strategic Partnership with HNB Stockbrokers to Offer Holistic Financial Solutions](https://economictimes.lk/index.php/2026/01/12/hnb-general-insurance-enters-a-strategic-partnership-with-hnb-stockbrokers-to-offer-holistic-financial-solutions/) - HNB General Insurance Limited (HNBGI) has entered into a landmark strategic partnership with HNB Stockbrokers (Pvt) Ltd, marking a significant milestone in the HNB Group’s mission to provide seamless, comprehensive financial services via enhanced group synergy. The collaboration is designed to offer specialized general insurance solutions directly to the customers of HNB Stockbrokers, ensuring that
- [Sri Lanka Expo 2026 launched ](https://economictimes.lk/index.php/2026/01/12/sri-lanka-expo-2026-launched/) - Minister of Industry and Entrepreneurship Development Sunil Handunnetti noted that Sri Lanka Expo 2026, a landmark initiative that reflects Sri Lanka’s ambition to expand exports, promote Sri Lankan products globally and elevate Sri Lanka’s global presence in international markets will create new opportunities for exporters whilst strengthening the country’s economic growth. He was addressing the
- [Sri Lanka emerges as Australia’s 3rd fastest-growing travel destination](https://economictimes.lk/index.php/2026/01/12/sri-lanka-emerges-as-australias-3rd-fastest-growing-travel-destination/) - In a remarkable twist in the tourism landscape, Sri Lanka has officially claimed the title of the third fastest-growing travel destination for Australian holidaymakers in 2025, boasting an impressive 19 percent increase in arrivals year-on-year. According to the latest statistics from the Australian Bureau of Statistics (ABS), the picturesque island nation now ranks just behind
- [‘The Grand’, Ward Place by Prime Lands Residencies recognised at National Construction Awards](https://economictimes.lk/index.php/2026/01/12/the-grand-ward-place-by-prime-lands-residencies-recognised-at-national-construction-awards/) - Prime Lands Residencies PLC announced that ‘The Grand’ – Ward Place, its luxury apartment development in Colombo 07, was recently recognised at the Sri Lanka National Construction Awards, organised by the Construction Industry Development Authority (CIDA). The recognition was conferred in acknowledgement of the project’s outstanding construction excellence, with MAGA Engineering (Pvt) Ltd serving as
- [NDB Bank joins KCC for ‘Revive Sri Lanka/Rising Stronger’ initiative](https://economictimes.lk/index.php/2026/01/12/ndb-bank-joins-kcc-for-revive-sri-lanka-rising-stronger-initiative/) - NDB Bank reaffirmed its steadfast commitment to empowering Sri Lanka’s SME and MSME sectors by participating in the Revive Sri Lanka/Rising Stronger initiative, held on December 20, at Kandy City Centre. Organised by Kandy City Centre (KCC) under the guidance of its Chairman, Thusitha Wijayasena, the programme brought together over 800 participants, including entrepreneurs, business
- [Indra Traders, with a distinguished history of over 50 years in vehicle sales, introduces the “Atwela” program in collaboration with Bank of Ceylon](https://economictimes.lk/index.php/2026/01/09/indra-traders-with-a-distinguished-history-of-over-50-years-in-vehicle-sales-introduces-the-atwela-program-in-collaboration-with-bank-of-ceylon/) - Indra Traders, one of Sri Lanka's leading and most trusted automobile dealerships with a distinguished history of over 50 years in vehicle sales, recently introduced a special program called "Atwela" in collaboration with the Bank of Ceylon (BOC), known as the beacon of the nation, designed with customer convenience in mind. This “Atwela” humanitarian concept,
- [Siyapatha Finance welcomes the new year with renewed hope and resilience](https://economictimes.lk/index.php/2026/01/09/siyapatha-finance-welcomes-the-new-year-with-renewed-hope-and-resilience/) - Siyapatha Finance PLC ceremoniously welcomed 2026 at its Head Office, auspiciously commencing a new year of growth and prosperity with traditional rituals and religious observances. The celebration was joined by the Board of Directors, Chairman, CEO , Senior Management, and staff members as well as invitees and well-wishers. Expressing gratitude towards the blessings that shaped
- [LAUGFS Life Sciences Partners with the Medical Research Institute to Launch Sri Lanka’s First Public Allergy Awareness Wristbands](https://economictimes.lk/index.php/2026/01/09/laugfs-life-sciences-partners-with-the-medical-research-institute-to-launch-sri-lankas-first-public-allergy-awareness-wristbands/) - LAUGFS Life Sciences, in collaboration with the Medical Research Institute (MRI), Colombo, has launched Sri Lanka’s first-ever publicly driven allergy awareness wristbands, a groundbreaking initiative aimed at improving patient safety and preparedness in medical emergencies. The wristbands provide essential information about drug sensitivities, allowing healthcare professionals to respond quickly and effectively when time is critical.
- [AIA Insurance Lanka partners with CBC Finance to offer customers comprehensive financial protection solutions](https://economictimes.lk/index.php/2026/01/09/aia-insurance-lanka-partners-with-cbc-finance-to-offer-customers-comprehensive-financial-protection-solutions/) - AIA Insurance Lanka Limited has entered into a strategic partnership with CBC Finance Limited, marking a significant milestone in its mission to enhance financial security and convenience for Sri Lankans. The signing ceremony held recently brought together senior representatives from both organisations, underscoring the importance of this collaboration in shaping the future of integrated financial
- [Hatch Fund Singapore Makes First Investment in Cultive8, a Globally Scaling Agri-Tech Startup](https://economictimes.lk/index.php/2026/01/08/hatch-fund-singapore-makes-first-investment-in-cultive8-a-globally-scaling-agri-tech-startup/) - Hatch Fund Singapore has announced the completion of its first investment, backing Cultive8, a fast-growing agri-technology startup with Sri Lankan roots and a rapidly expanding regional footprint. Hatch is the centre of gravity for Sri Lanka’s startup and innovation ecosystem, combining co-working, incubation, mentorship, acceleration, partnerships and venture funding to startups. This milestone investment reflects
- [Mohan Pandithage named Businessman of the Year for 2025](https://economictimes.lk/index.php/2026/01/08/mohan-pandithage-named-businessman-of-the-year-for-2025/) - Hayleys PLC Chairman and Chief Executive Mohan Pandithage has been named ‘Businessman of the Year 2025’ by LMD Magazine, following a year in which the group continued to hold its position as Sri Lanka’s leading listed company for the second consecutive year and for the tenth time overall. The recognition caps a period of sustained
- [‘HNB Assurance Gift of Protection’ offers Rs. 1 Mn free life cover to customers affected by Cyclone Ditwah](https://economictimes.lk/index.php/2026/01/08/hnb-assurance-gift-of-protection-offers-rs-1-mn-free-life-cover-to-customers-affected-by-cyclone-ditwah/) - HNB Assurance PLC (HNBA) has announced a special relief initiative titled ‘HNB Assurance Gift of Protection,’ offering a free life insurance cover of Rs. 1 million to its policyholders affected by the recent Dithwa Cyclone. The initiative reflects the company’s deep commitment to safeguarding customers by ensuring they stay protected in any event no matter
- [AMAMI – Hotel Supplier wins Silver & Top Achievers Award](https://economictimes.lk/index.php/2026/01/08/amami-hotel-supplier-wins-silver-top-achievers-award/) - Ranyan Industries (Pvt) Ltd., the creators of the prestigious Amami brand, has been honored with the Silver Award and Top Achiever Award in the Small Category at the CNCI Achievers Awards 2025, organized by the Ceylon National Chamber of Industries in collaboration with the Ministry of Industry and Entrepreneurship Development. The grand ceremony, held at
- [Second Meeting of the Ministerial Consultative Committee on Finance, Planning and Economic Development Held Under the President](https://economictimes.lk/index.php/2026/01/08/second-meeting-of-the-ministerial-consultative-committee-on-finance-planning-and-economic-development-held-under-the-president/) - • Compensation for Fully Damaged Houses and New Housing Construction to Commence on 9 January in Anuradhapura and Kurunegala - President President Anura Kumara Dissanayake stated that the programme to provide compensation for fully damaged houses and to construct new homes for families affected by the disaster will commence on January 09th in Anuradhapura and
- [Seylan Bank continues SME sector regional engagement forums in North Central Region](https://economictimes.lk/index.php/2026/01/08/seylan-bank-continues-sme-sector-regional-engagement-forums-in-north-central-region/) - Seylan Bank recently continued its support of the nation’s small and medium enterprises (SME) sector with its second SME Program in the North Central Region. Hosted at Hotel Mahanuge in Polonnaruwa, the initiative is the latest chapter in a series of developmental forums focused on improving financial literacy among small and medium business owners in
- [HNB Assurance welcomes 2026 with strong momentum](https://economictimes.lk/index.php/2026/01/07/hnb-assurance-welcomes-2026-with-strong-momentum/) - HNB Assurance enters 2026 with renewed purpose and clear ambition as it moves into a defining phase of its 10 in 5 strategic journey. With the final leg toward achieving a 10% life insurance market share by 2026 now in focus, the company is gearing up for a year of transformation, innovation and accelerated growth.
- [Cinnamon Hotels & Resorts’ Acceleration of Gender Inclusion and the Ripple Effect of Female Leadership](https://economictimes.lk/index.php/2026/01/07/cinnamon-hotels-resorts-acceleration-of-gender-inclusion-and-the-ripple-effect-of-female-leadership/) - Cinnamon Hotels & Resorts is strengthening its commitment to gender inclusion across its portfolio, with female participation now at 19.5%, marking a healthy trajectory toward its 2030 goal of achieving 30% workforce representation. Women currently hold 22% of leadership positions across the group. In Sri Lanka female participation in hospitality is barely making 10%, careers
- [LOLC ‘Divi Saviya’ returns with ‘Obai Mamai Ape Ratai’ initiative](https://economictimes.lk/index.php/2026/01/07/lolc-divi-saviya-returns-with-obai-mamai-ape-ratai-initiative/) - LOLC Divi Saviya has long stood as a symbol of compassion and solidarity, stepping forward whenever Sri Lanka and its people face moments of hardship. Today, as the nation struggles to recover from the devastating impact of Cyclone Ditwah, one of the most severe natural disasters in Sri Lanka’s history, Divi Saviya renews its commitment
- [Sri Lankan Innovation Takes Centre Stage at Asia Awards 2026](https://economictimes.lk/index.php/2026/01/07/sri-lankan-innovation-takes-centre-stage-at-asia-awards-2026/) - Sri Lanka recorded a major milestone in innovation and industrial engineering as Rohan De Lanerolle Snr (80) was honoured with five prestigious awards at the Asia Awards 2026, held in India, marking one of the most significant international recognitions received by a Sri Lankan inventor in recent years. At the same ceremony, C2S.LK, a Sri
- [Link Natural Partners with Sampath Bank to Strengthen Agricultural Development Among Rural Communities](https://economictimes.lk/index.php/2026/01/06/link-natural-partners-with-sampath-bank-to-strengthen-agricultural-development-among-rural-communities/) - In an effort to further strengthen its longstanding commitment to agricultural development and rural empowerment, Link Natural Products (Pvt) Ltd. has entered into a strategic partnership with Sampath Bank under the Bank’s flagship Sampath Saviya Agri-Entrepreneurship Development Programme. A formal Memorandum of Understanding (MoU) was signed by both parties on the 26th of November 2025,
- [AMW Extends Relief Assistance to 1,000 Families Affected by Ditwah Cyclone](https://economictimes.lk/index.php/2026/01/06/amw-extends-relief-assistance-to-1000-families-affected-by-ditwah-cyclone/) - Associated Motorways (Private) Limited (AMW) extended timely humanitarian assistance to communities affected by the recent Ditwah Cyclone by handing over a consignment of essential relief packs to the Disaster Management Centre (DMC), supporting ongoing national disaster response efforts. The initiative is expected to benefit 1,000 affected families, with each family receiving a relief pack comprising
- [ComBank supports Lanka’s DMC to strengthen country’s disaster readiness](https://economictimes.lk/index.php/2026/01/06/combank-supports-lankas-dmc-to-strengthen-countrys-disaster-readiness/) - Under its ‘Rebuild Together’ initiative, a national effort launched following Cyclone Ditwah to aid recovery and reduce future disaster risks, the Commercial Bank of Ceylon has stepped forward to strengthen the country’s disaster preparedness and risk management capabilities by funding the complete revamp of the RiskInfo Spatial Data Portal managed by the Disaster Management Centre
- [HelaGo ride booking platform launched with USD 1 Mn seed funding](https://economictimes.lk/index.php/2026/01/06/helago-ride-booking-platform-launched-with-usd-1-mn-seed-funding/) - Sri Lanka’s newest locally-built ride booking platform HelaGo, was officially launched yesterday at Waters Edge, Colombo, in the presence of over 200 HelaGo drivers. HelaGo has secured USD 1 million in seed funding through a partnership with the David Pieris Group. The partnership strengthens HelaGo’s ability to expand across the country with operational support and
- [Asia Siyaka Warehouse sets global benchmark as first ZeroCarbon® certified tea logistics company](https://economictimes.lk/index.php/2026/01/06/asia-siyaka-warehouse-sets-global-benchmark-as-first-zerocarbon-certified-tea-logistics-company/) - Asia Siyaka Warehousing (Pvt) Ltd., the largest auction logistics provider in Sri Lanka’s tea sector, has achieved a historic global benchmark in sustainability, becoming the world’s first and only ZeroCarbon® certified company in tea auction logistics. The achievement was awarded by the Sustainable Future Group (SFG), Sri Lanka’s premier sustainability certification body. It highlights the
- [From Colombo to London: Craft, Climate, and Creative Economy Converge in a Global Milestone for Sri Lanka](https://economictimes.lk/index.php/2026/01/06/from-colombo-to-london-craft-climate-and-creative-economy-converge-in-a-global-milestone-for-sri-lanka/) - The Sri Lanka High Commission in London recently marked a defining milestone in creative economy and craft development through the global launch of the EU–Sri Lanka Craft Matchmaking Programme, bringing the initiative’s research, collaborations, and co-created outcomes onto the international stage for the first time. The milestone comes at a critical moment for Sri Lanka,
- [Shield Restraint Systems (Pvt) Ltd Unveils State-of-the-Art Manufacturing Facility in Sri Lanka](https://economictimes.lk/index.php/2026/01/06/shield-restraint-systems-pvt-ltd-unveils-state-of-the-art-manufacturing-facility-in-sri-lanka/) - USD 8.5 Million Investment Creates 500 Jobs and Generates USD 50 Million Annual Revenue Shield Restraint Systems (Pvt) Ltd today officially opened its cutting-edge manufacturing facility at the Export Processing Zone, Wathupitiwala, Nittambuwa, marking a significant milestone in Sri Lanka's industrial development and foreign investment landscape. The event was attended by senior executives from the
- [Ideal Motors continues islandwide service camp series for Mahindra Vehicles](https://economictimes.lk/index.php/2026/01/05/ideal-motors-continues-islandwide-service-camp-series-for-mahindra-vehicles/) - Ideal Motors, Sri Lanka’s leading automotive sales and after‑sales service network, is continuing its islandwide service camp series dedicated to Mahindra vehicles. The initiative demonstrates the company’s commitment to delivering superior service and providing optimal performance for Mahindra customers throughout the island. The primary objective of the service camps is to enhance vehicle quality and
- [NOLIMIT Expands to the North with Grand Opening of 28th Store in Jaffna](https://economictimes.lk/index.php/2026/01/05/nolimit-expands-to-the-north-with-grand-opening-of-28th-store-in-jaffna/) - NOLIMIT, Sri Lanka’s leading Fashion Retail Brand, is proud to announce the grand opening of its 28th store in the heart of Jaffna, a city celebrated for its distinct Northern identity, deep-rooted traditions, and a culture shaped by heritage, learning, and close-knit community life. From its vibrant marketplaces and cuisine to its arts, crafts, and
- [nVentures Leads US $200K Seed Round Into Flash Health to Scale Cashless Outpatient Care in Sri Lanka](https://economictimes.lk/index.php/2026/01/05/nventures-leads-us-200k-seed-round-into-flash-health-to-scale-cashless-outpatient-care-in-sri-lanka/) - Flash Health, a Sri Lankan healthtech startup building cashless, on-demand outpatient care, has raised a US $200,000 seed round led by nVentures, with participation from angel investors across Sri Lanka, Singapore, and the United States. The funding comes as Flash Health expands its footprint across insurers, large employers, and healthcare providers, positioning itself as one
- [Asiri Health Partners ICTA to Accelerate Sri Lanka’s HealthTech Startup Ecosystem](https://economictimes.lk/index.php/2026/01/05/asiri-health-partners-icta-to-accelerate-sri-lankas-healthtech-startup-ecosystem/) - Asiri Health partners with the Information and Communication Technology Agency of Sri Lanka (ICTA) to support and accelerate the growth of HealthTech startups, marking a significant step in strengthening Sri Lanka’s innovation-led healthcare ecosystem. This strategic collaboration was unveiled during ‘Global Entrepreneurship Week 2025’, at a HealthTech startup pitching session organized by ICTA. At the
- [Sarvodaya Development Finance and FINAP launch CIXOR PayDay, a next-generation WageTech solution for on-demand salary access](https://economictimes.lk/index.php/2026/01/02/sarvodaya-development-finance-and-finap-launch-cixor-payday-a-next-generation-wagetech-solution-for-on-demand-salary-access/) - Sarvodaya Development Finance PLC (SDF), in collaboration with Fintechnology Asia Pacific Lanka Pvt Ltd (FINAP), has officially launched CIXOR PayDay, a next-generation digital WageTech platform that enables employees to access a portion of their earned wages in real time, while giving employers a structured and capital-efficient way to offer this benefit. Positioned as a financial
- [IQ Global and CLASS Unveil Region’s First “GeoStrategy × Business Design” Programme](https://economictimes.lk/index.php/2026/01/02/iq-global-and-class-unveil-regions-first-geostrategy-x-business-design-programme/) - As geopolitical upheavals increasingly shape business outcomes, IQ Global has partnered with the Centre for Law & Security Studies (CLASS) to launch the region's first "GeoStrategy × Business Design" programme, an initiative that aims to redefine how senior leaders prepare for a world where disruption has become the norm. From shifting trade alliances to sudden
- [SLTB launches new digital payment system for bus services](https://economictimes.lk/index.php/2026/01/02/sltb-launches-new-digital-payment-system-for-bus-services/) - Under the nationwide initiative to introduce innovative digital solutions, the Ministry of Transport, Highways, and Urban Development yesterday (01) launched a new program for Sri Lanka Transport Board (SLTB) buses. Implemented with guidance from the Ministry of Digital Economy, the initiative is intended to further strengthen transport services under the purview of the Ministry of
- [Art of Italian Coffee in Sri Lanka : La Dolce Tazza Celebrates a Landmark Success](https://economictimes.lk/index.php/2026/01/02/art-of-italian-coffee-in-sri-lanka-la-dolce-tazza-celebrates-a-landmark-success/) - Colombo recently witnessed a refined celebration of Italian coffee culture with the successful conclusion of La Dolce Tazza – The Art of Italian Coffee, an exclusive masterclass presented through a prestigious collaboration between the Embassy of Italy in Sri Lanka and Colombo Coffee Company.The event marked a significant milestone in strengthening cultural and commercial ties
- [Krishnamoorthy Takes The Reigns](https://economictimes.lk/index.php/2026/01/02/krishnamoorthy-takes-the-reigns/) - Ashraff Associates Appoints New Creative Director Ashraff Associates, one of Sri Lanka’s leading boutique creative agencies has appointed Yasaanth Krishnamoorthy as its Creative Director effective 1st January 2026. A qualified architect with a Master’s Degree from the City School of Architecture at the University of West England, Krishnamoorthy’s foray into advertising began as an Art
- [ICYMI! Emirates’ 2025 year in review: Top 10 things to know](https://economictimes.lk/index.php/2026/01/01/icymi-emirates-2025-year-in-review-top-10-things-to-know/) - This year, Emirates moved 55.6 million customers, circled Earth 29,290 times on nearly 180,580 flights, and placed orders for 73 new aircraft. The airline celebrated its 40th year of operations in October, but the real story of 2025 goes beyond that anniversary milestone, as Emirates plots what the future of flying better really means. Whether you’ve
- [Sri Lankan Rupee Depreciates 5.6% Against US Dollar in 2025](https://economictimes.lk/index.php/2026/01/01/sri-lankan-rupee-depreciates-5-6-against-us-dollar-in-2025/) - The Sri Lankan rupee depreciated by 5.6% against the US dollar during 2025, according to data released by the Central Bank of Sri Lanka (CBSL). This marks a reversal from the previous two years, during which the rupee recorded notable gains. The currency had appreciated by 12.1% in 2023 and a further 10.7% in 2024
- [Construction increased in November 2025](https://economictimes.lk/index.php/2026/01/01/construction-increased-in-november-2025/) - The Sri Lanka Purchasing Managers’ Index for Construction (PMI – Construction), as reflected by the Total Activity Index, increased to 66.2 in November 2025. Most firms reported improved construction activity during the month, despite the weather-related disruptions towards the end of the period. The New Orders Index remained expanded in November. Many respondents highlighted the
- [Prime Group Makes a Landmark Contribution of LKR 200 Million to the Rebuilding Sri Lanka Fund](https://economictimes.lk/index.php/2026/01/01/prime-group-makes-a-landmark-contribution-of-lkr-200-million-to-the-rebuilding-sri-lanka-fund/) - Guided by a clear vision to extend value beyond business, Prime Group made a landmark contribution of LKR 200 million to the Rebuilding Sri Lanka Fund, pledging support toward the national recovery from Cyclone Ditwah. This is believed to be one of the highest contributions made by a corporate body thus far. As a company,
- [Dilmah Champions Sustainable Supply Chains in Sri Lanka](https://economictimes.lk/index.php/2025/12/31/dilmah-champions-sustainable-supply-chains-in-sri-lanka/) - Dilmah invited to be Patron of the UN Global Compact Network Sri Lanka Supply Chain Working Group For over three decades, Dilmah has been more than a tea company. It has been the custodian of a philosophy that its Founder, Merrill J. Fernando, described simply: “Business is a matter of human service.” That conviction has guided every
- [flydubai Announces Major Fleet Expansion and New Inflight Connectivity Partnership](https://economictimes.lk/index.php/2025/12/31/flydubai-announces-major-fleet-expansion-and-new-inflight-connectivity-partnership/) - flydubai has announced a series of significant developments that will support its long-term growth strategy and enhance the travel experience for its customers. The airline has signed a landmark agreement for 150 Airbus A321neo aircraft, marking its first order with Airbus, alongside a Memorandum of Understanding for 75 Boeing 737 MAX aircraft, reinforcing its strong
- [Sri Lanka Customs Enters 2026 with a surplus of Rs. 300 billion, exceeding its revenue targets](https://economictimes.lk/index.php/2025/12/31/sri-lanka-customs-enters-2026-with-a-surplus-of-rs-300-billion-exceeding-its-revenue-targets/) - Sri Lanka Customs is commended for its outstanding contribution to strengthening the nation’s economic and social stability by successfully generating the required revenue for the country. Let us lead the country to economic success with new plans in the New Year - President The year 2025 has been recorded as the highest revenue-earning year in
- [PRASL-Led Forum Sees Global PR Expert Farzana Baduel Address Sri Lankan Leaders on Reputation Management](https://economictimes.lk/index.php/2025/12/31/prasl-led-forum-sees-global-pr-expert-farzana-baduel-address-sri-lankan-leaders-on-reputation-management/) - Farzana Baduel, President-elect of the Chartered Institute of Public Relations (CIPR, UK), highlighted Sri Lanka’s resilience and growing regional relevance in regional communication when she addressed “Reputation Under Fire: How Leaders Can Navigate Online Crises,” an exclusive learning and networking event hosted recently by the Public Relations Association of Sri Lanka (PRASL) in collaboration with The Sun (Daily Mirror)
- [George Steuart Explores Trade and Expansion Opportunities in Africa](https://economictimes.lk/index.php/2025/12/31/george-steuart-explores-trade-and-expansion-opportunities-in-africa/) - Participates in the Commonwealth Enterprise and Investment Council delegation to Nigeria & Kenya George Steuart & Company participated in a series of high-level engagements organised by the Commonwealth Enterprise and Investment Council (CWEIC) in Africa during the latter part of 2025. The engagements in Kenya was held in Nairobi in December, led by CWEIC Deputy
- [TBWA Sri Lanka Wins Silver for Creative Agency of the Year (Rest of South Asia) at the Campaign Asia-Pacific Awards](https://economictimes.lk/index.php/2025/12/31/tbwa-sri-lanka-wins-silver-for-creative-agency-of-the-year-rest-of-south-asia-at-the-campaign-asia-pacific-awards/) - TBWA Sri Lanka, one of the country’s leading creative agencies and a member of the TBWA global network, has been awarded Silver – Creative Agency of the Year (Rest of South Asia) at the recently concluded Campaign Asia-Pacific Agency of the Year Awards. Campaign Asia-Pacific is one of the region’s foremost platforms for recognising excellence in marketing and
- [Sri Win Lanka Travels honours sub agents for role in business travel growth](https://economictimes.lk/index.php/2025/12/29/sri-win-lanka-travels-honours-sub-agents-for-role-in-business-travel-growth/) - Sri Win Lanka Travels (Pvt) Ltd, a diversified travel company, recently felicitated its long-standing sub agents at its head office in Hildon Place, Bambalapitiya, Colombo, in recognition of their contribution to the company’s growth. Founder Tharindu Idunil said the sub agents have played a key role in facilitating outbound travel for local businessmen, particularly in
- [Ninewells Hospital Launches ‘Ninewells Eye’ – Sri Lanka’s First Fully Integrated Eye Care Hub](https://economictimes.lk/index.php/2025/12/29/ninewells-hospital-launches-ninewells-eye-sri-lankas-first-fully-integrated-eye-care-hub/) - Ninewells Hospital proudly announces the launch of Ninewells Eye, a state-of-the-art, fully integrated eye care centre offering comprehensive ophthalmic services under one roof. Designed for convenience and efficiency, the centre brings together adult and paediatric outpatient care, advanced diagnostics, surgery, optical services, and an on-site pharmacy on a single floor, ensuring quick and seamless service
- [PickMe Calls for Urgent Police Action to Protect Independent Drivers and Public Safety in Tourist Zones](https://economictimes.lk/index.php/2025/12/29/pickme-calls-for-urgent-police-action-to-protect-independent-drivers-and-public-safety-in-tourist-zones/) - Digital Mobility Solutions Lanka PLC (PickMe), Sri Lanka’s leading homegrown digital mobility platform, has formally written to the Inspector General of Police expressing grave concern over escalating incidents of intimidation, obstruction, and unlawful interference and violence directed at independent transport providers operating voluntarily through ride-hailing applications in key tourist locations. The company’s letter follows a
- [Safeguarding Curiosity: Designing Safe and Inclusive Digital Learning](https://economictimes.lk/index.php/2025/12/29/safeguarding-curiosity-designing-safe-and-inclusive-digital-learning/) - By Asma Anjum, Trust & Safety Lead, TikTok Social media is reshaping how students encounter and engage with knowledge, not because it delivers content faster, but because it changes the dynamics of attention, curiosity, and peer influence. Learning on these platforms is social by nature: students see what their peers interact with, mimic approaches, and
- [JXG Recognised for HR Excellence at Great HR Awards 2025](https://economictimes.lk/index.php/2025/12/29/jxg-recognised-for-hr-excellence-at-great-hr-awards-2025/) - JXG (Janashakthi Group) has secured the Runner-Up (Silver) Award in the Finance, Insurance, Real Estate & Investment Sector at the Great HR Awards 2025, affirming the Group’s sustained commitment to building a people-centric organisation driven by strong HR governance and innovation. The recognition highlights the effectiveness of JXG’s HR transformation across the Group, with a
- [Textrip awarded multiple national honors for industrial and export excellence](https://economictimes.lk/index.php/2025/12/24/textrip-awarded-multiple-national-honors-for-industrial-and-export-excellence/) - Textrip (Pvt) Ltd., a valued member of the Elasto Group with nearly five decades of excellence in Sri Lanka’s rubber manufacturing industry, continues to strengthen its position as a national leader by securing multiple prestigious awards in 2025. These achievements highlight the company’s commitment to quality, innovation, sustainability, and export excellence. At the CNCI Achiever
- [Chinese Dragon Café opens flagship outlet in Galle](https://economictimes.lk/index.php/2025/12/24/chinese-dragon-cafe-opens-flagship-outlet-in-galle/) - Chinese Dragon Café (CDC), one of Sri Lanka’s most recognisable names in Chinese cuisine, continuing its legacy as a pioneer in Chinese cuisine and opened its latest outlet in Galle, marking a new chapter in the restaurant’s long-standing presence across the island. Located at 45, Colombo Rd, Kaluwella, just 300 metres from the Galle railway
- [Genelle Unveils Official Website, Bringing Handcrafted Elegance Closer to Customers](https://economictimes.lk/index.php/2025/12/24/genelle-unveils-official-website-bringing-handcrafted-elegance-closer-to-customers/) - Genelle, Sri Lanka's premium ladies' footwear brand recognized for its handcrafted quality and refined design ethos, officially launched its website and e-commerce platform, www.genelle.lk, at a ceremonial event held at its Flagship Store on Isipathana Mawatha, Colombo 05. Built on a foundation of craftsmanship, comfort, and contemporary elegance, Genelle has evolved into a trusted lifestyle
- [SriLankan Airlines Launches Post–Cyclone Ditwah Destination Recovery Campaign](https://economictimes.lk/index.php/2025/12/24/srilankan-airlines-launches-post-cyclone-ditwah-destination-recovery-campaign/) - SriLankan Airlines has launched a one-month international destination promotion campaign on 16 December 2025, aimed at restoring global confidence in Sri Lanka following Cyclone Ditwah and reaffirming the country’s readiness to welcome travellers. The campaign will run across Meta and the Google platforms, promoting Colombo as the gateway to Sri Lanka, and will target key source
- [Onestep Solutions’ 25-Year Journey of Trust, Technology, and Transformation](https://economictimes.lk/index.php/2025/12/24/onestep-solutions-25-year-journey-of-trust-technology-and-transformation/) - Onestep Solutions, a trusted leader in accounting software and financial outsourcing services, celebrates 25 years of continuous growth and service excellence, supporting a diverse portfolio of businesses across Sri Lanka and in regions such as USA and Australia. The milestone was commemorated recently at a 25th Anniversary event held at Cinnamon Life, attended by both
- [DIMO Agribusinesses Strengthens Swaraj Tractor After-Sales Service with Wider Spare Parts Network and ‘Swaraj Parapura’ Program](https://economictimes.lk/index.php/2025/12/24/dimo-agribusinesses-strengthens-swaraj-tractor-after-sales-service-with-wider-spare-parts-network-and-swaraj-parapura-program/) - DIMO Agribusinesses, the sole authorized distributor for Swaraj tractors in Sri Lanka, has significantly strengthened its after-sales service through a further expanded genuine spare parts network and Swaraj Parapura service initiative focused on Swaraj tractor owners who were getting ready for Maha season, providing an enhanced ownership experience for customers. Further expanding its reach, DIMO appointed a new
- [Sri Lanka Insurance Supports 1000 Families in Flood-Affected Areas](https://economictimes.lk/index.php/2025/12/23/sri-lanka-insurance-supports-1000-families-in-flood-affected-areas/) - 22nd December, Colombo.Sri Lanka Insurance Life and Sri Lanka Insurance General, in collaboration with the National Disaster Relief Services Centre (NDRSC), extended vital assistance to 1,000 families affected by the recent ‘Ditwah’ cyclone. The relief initiative was carried out in two phases on 30th November and 2nd December 2025, reflecting the company’s continued commitment to
- [SriLankan launches operations at Terminal 1 of Velana Int’l Airport](https://economictimes.lk/index.php/2025/12/23/srilankan-launches-operations-at-terminal-1-of-velana-intl-airport/) - SriLankan Airlines officially transitioned its operations to Terminal 1 at Velana International Airport, Malé, effective 17 December 2025. To commemorate the move, Maldives Airports Company Ltd (MACL) hosted a ceremonial welcome for passengers arriving on UL101 at Terminal 1, as well as those departing from Terminal 1 on UL102. The event was attended by Mohamed
- [Sampath Bank partners with Toyota Lanka to make vehicle ownership more rewarding](https://economictimes.lk/index.php/2025/12/23/sampath-bank-partners-with-toyota-lanka-to-make-vehicle-ownership-more-rewarding/) - Sampath Bank PLC announced the signing of a Memorandum of Understanding (MoU) with Toyota Lanka (Private) Limited recently at the Toyota Lanka Head Office, marking a strategic collaboration aimed at providing enhanced financial and value-added benefits to customers purchasing Toyota vehicles across Sri Lanka. This partnership strengthens Sampath Bank’s commitment to delivering innovative financial solutions
- [S-lon recognized as a member of World Plumbing Council ](https://economictimes.lk/index.php/2025/12/23/s-lon-recognized-as-a-member-of-world-plumbing-council/) - S-lon Lanka (Pvt) Ltd has been formally recognized by the World Plumbing Council (WPC) through the granting of Full Membership. The WPC is a globally respected international body that represents and advances plumbing standards and industry development across multiple countries. This recognition places S-lon Lanka among an exclusive group of internationally acknowledged organizations and affirms
- [Nawaloka Hospitals Colombo Marks Four Decades of Responsible, Patient Centered Healthcare](https://economictimes.lk/index.php/2025/12/23/nawaloka-hospitals-colombo-marks-four-decades-of-responsible-patient-centered-healthcare/) - For more than four decades, Nawaloka Hospitals PLC has played a vital role in Sri Lanka’s healthcare landscape, guided by a steadfast commitment to safe, ethical, and patient-centred care. Growing in step with the nation’s evolving healthcare needs, the institution has consistently worked to uphold clinical standards aligned with international best practice anchored in professional accountability, transparency,
- [Cinnamon Grand Colombo welcomes festive season](https://economictimes.lk/index.php/2025/12/22/cinnamon-grand-colombo-welcomes-festive-season/) - Cinnamon Grand Colombo ushers in the most magical time of the year with An Old World Christmas, a celebration filled with timeless traditions, festive flavours and heartwarming moments for all ages. The season came alive with the Christmas Tree Lighting Ceremony held in November, transforming the Cinnamon Grand lobby into a captivating festive wonderland. Guests
- [Oceanpick selected as Top 4 Finalist in UNIDO ONE World Sustainability Awards](https://economictimes.lk/index.php/2025/12/22/oceanpick-selected-as-top-4-finalist-in-unido-one-world-sustainability-awards/) - A moment of immense national pride was celebrated recently in Riyadh, Saudi Arabia, as Oceanpick, South Asia’s trailblazing oceanic fish farm and a true champion of responsible aquaculture, was honoured as a Top 5 Finalist in the prestigious UNIDO ONE World Sustainability Awards for the Sustainable Supply Chains Category. This honour is a triumph not
- [Finfluencing can positively shape capital markets if used responsibly, says SEC Chairman](https://economictimes.lk/index.php/2025/12/22/finfluencing-can-positively-shape-capital-markets-if-used-responsibly-says-sec-chairman/) - Finfluencing should not be looked at negatively; investors and potential investors should look at its positives and learn how to overcome the negatives, Securities and Exchange Commission (SEC) Chairman Senior Prof. Hareendra Dissabandara stated at a recent online discussion on the stock market and social media. According to Prof. Dissabandara, ‘finfluencers’ are influencers who use
- [Union Bank reopens Gampola branch for customers](https://economictimes.lk/index.php/2025/12/22/union-bank-reopens-gampola-branch-for-customers/) - Union Bank reopened its Gampola branch on December 17, following the impacts of Cyclone Ditwah-related floods that severely affected the businesses and residents in the area. Demonstrating its commitment to customers and community, Union Bank acted swiftly to carry out the restoration work, enabling the branch to resume full banking operations within a short period.
- [The Technocity Take a Strong Rs. 50 million Solidarity Effort to Rebuild Hope](https://economictimes.lk/index.php/2025/12/22/the-technocity-take-a-strong-rs-50-million-solidarity-effort-to-rebuild-hope/) - A Tech-Driven Humanitarian Response to Cyclone Ditwah The Technocity (Pvt) Ltd, the leading authorized IT distributor in Sri Lanka for globally reputed brands such as HP, ASUS, MSI, Lenovo, BenQ, Raidmax, Kaspersky and more, has stepped forward with a remarkable Rs. 50 million relief initiative. its goal is to assist impacted families, children, and schools
- [Sri Lankan business leaders explore strategic opportunities in Cambodia](https://economictimes.lk/index.php/2025/12/19/sri-lankan-business-leaders-explore-strategic-opportunities-in-cambodia/) - Meeting with the Council for the Development of Cambodia A Sri Lankan trade delegation recently concluded a strategic mission to Phnom Penh, Cambodia, coinciding with the Cambodia Agriculture Exhibition. The visit was organised by the Sri Lanka - Greater Mekong Business Council (SLGMBC) of The Ceylon Chamber of Commerce and initiated by the Consul of
- [WindForce PLC Commissions Rooftop Solar Project at Joy Island, Maldives](https://economictimes.lk/index.php/2025/12/19/windforce-plc-commissions-rooftop-solar-project-at-joy-island-maldives/) - WindForce PLC has successfully commissioned a 432.2 kWp rooftop solar photovoltaic (PV) power project at Joy Island in the Maldives, further strengthening its regional renewable energy footprint. The project, located at Joy Island in Kassanfushi, Kaafu Atoll, was commissioned on December 13, 2025, following an Engineering, Procurement and Commissioning (EPC) contract awarded earlier this year.
- [GovPay Concludes 2025 with Rs. 2 Billion in Digital Transactions](https://economictimes.lk/index.php/2025/12/19/govpay-concludes-2025-with-rs-2-billion-in-digital-transactions/) - GovPay, Sri Lanka’s Government Digital Payment Platform, concluded the year 2025 by surpassing Rs. 2 billion in total digital transaction value, marking a major milestone in the country’s digital transformation journey. Notably, GovPay doubled its collections from Rs. 1 billion to Rs. 2 billion in just 45 days, reflecting rapid adoption, growing public trust, and
- [European Union Provides over Euro 2.35 million Humanitarian Assistance to Sri Lanka](https://economictimes.lk/index.php/2025/12/19/european-union-provides-over-euro-2-35-million-humanitarian-assistance-to-sri-lanka/) - The European Union has allocated a total of Euro 2.35 million of financial assistance to Sri Lanka. This includes Euro 500,000 through IFRC and Euro 1.85 million through DG-European Civil Protection and Humanitarian Aid Operations (ECHO) partners, WFP and UNICEF as humanitarian assistance to Sri Lanka, in response to the impact of Tropical Cyclone Ditwah,
- [Jaffna trade fair to host 400 exhibitors in Jan. 2026](https://economictimes.lk/index.php/2025/12/18/jaffna-trade-fair-to-host-400-exhibitors-in-jan-2026/) - The Jaffna International Trade Fair (JITF), Northern Sri Lanka’s largest multitrade exhibition, would be held from January 23 to 25, 2026, marking its 16th consecutive year as a key commercial platform for the region, the organisers said. Organised by Lanka Exhibition and Conference Services in association with the Chamber of Commerce and Industries of Yarlpanam,
- [A Refined Return Above the City: Vistas Rooftop Bar Relaunch](https://economictimes.lk/index.php/2025/12/18/a-refined-return-above-the-city-vistas-rooftop-bar-relaunch/) - NH Collection Colombo celebrated the grand relaunch of Vistas Rooftop Bar on 12 December 2025 with an extraordinary evening high above the city, as guests gathered to enjoy elevated experiences and panoramic views of Colombo’s skyline. The relaunch marked the beginning of a refreshed chapter for Vistas, setting the tone for refined evenings and memorable
- [Asoka Hettigoda elected THASL President](https://economictimes.lk/index.php/2025/12/18/asoka-hettigoda-elected-thasl-president/) - New leadership unveils ambitious, unified vision targeting US$ 10bn in tourism earnings by 2030 Asoka Hettigoda, Chairman of the Hettigoda Group of Companies, was unanimously elected as the President of The Hotels Association of Sri Lanka (THASL) at the Association’s Annual General Meeting for 2025, held at Cinnamon Life – City of Dreams. This election
- [ComBank partners with Overseas Realty to offer home loans for Mireka Seascape buyers](https://economictimes.lk/index.php/2025/12/18/combank-partners-with-overseas-realty-to-offer-home-loans-for-mireka-seascape-buyers/) - Commercial Bank of Ceylon has signed a Memorandum of Understanding (MoU) with Overseas Realty (Ceylon) PLC, to provide tailor-made home loan facilities for buyers of condominium units at Mireka Seascape, the company’s latest development.Through this partnership, Commercial Bank will offer loans covering up to 100 percent of the purchase price of properties developed by Overseas
- [Uber marks 10 years in Sri Lanka](https://economictimes.lk/index.php/2025/12/18/uber-marks-10-years-in-sri-lanka/) - Moves people, powers livelihoods, impacts communities Uber marked 10 years of operations in Sri Lanka, a decade in which the platform has reshaped how people commute and how thousands of Sri Lankans earn a livelihood. Industries and Entrepreneurship Development Deputy Minister Chathuranga Abeysinghe graced the milestone event as the chief guest. U.S. Ambassador Julie Chung attended
- [Hemas Listed in Forbes’ Top 200 Under a Billion in Asia for 2025](https://economictimes.lk/index.php/2025/12/11/hemas-listed-in-forbes-top-200-under-a-billion-in-asia-for-2025/) - Hemas Holdings PLC has been recognised among Forbes Asia’s 200 Best Under a Billion companies for 2025, ranking as one of the region’s top performing organisations. Selected from over 19,000 organisations, this recognition highlights businesses with under USD 1 billion in revenue that demonstrate consistent growth, innovation and stability. The ranking reflects Hemas’ consistency in
- [WealthTrust Securities Limited IPO Opens Tomorrow](https://economictimes.lk/index.php/2025/12/16/wealthtrust-securities-limited-ipo-opens-tomorrow/) - The Initial Public Offering (IPO) of WealthTrust Securities Limited (WTS) will open tomorrow, inviting the public to subscribe for 71,548,244 Ordinary Voting Shares at an Issue Price of LKR 7.00 per share. Through the Issue, WTS seeks to raise a total of LKR 500,837,708, with the Company’s shares expected to be listed on the Diri Savi Board of the Colombo Stock Exchange
- [The World Bank Group Statement on Sri Lanka Following Cyclone Ditwah](https://economictimes.lk/index.php/2025/12/16/the-world-bank-group-statement-on-sri-lanka-following-cyclone-ditwah/) - The World Bank Group is deeply saddened by the devastation caused by Cyclone Ditwah in Sri Lanka. Our thoughts are with the people who have lost loved ones, homes, and livelihoods, and with the communities now facing immense hardship. We commend the remarkable resilience shown by Sri Lankans in the face of this disaster and
- [Sri Lanka Consulate General in Dubai hosts strategic Breakfast Meeting to Promote Tourism Under the “Sri Lanka is Ready” Campaign](https://economictimes.lk/index.php/2025/12/16/sri-lanka-consulate-general-in-dubai-hosts-strategic-breakfast-meeting-to-promote-tourism-under-the-sri-lanka-is-ready-campaign/) - The Consulate General of Sri Lanka in Dubai successfully hosted a high-level breakfast meeting today, bringing together leading travel trade professionals, media partners, airline representatives, and key influencers to promote Sri Lanka as a premier travel destination under the revitalized “Sri Lanka is Ready” tourism campaign. The networking event, held at the premises of the
- [ComBank leads Sri Lanka’s SME lending for fifth consecutive year](https://economictimes.lk/index.php/2025/12/16/combank-leads-sri-lankas-sme-lending-for-fifth-consecutive-year/) - Ministry of Finance data confirms Bank’s dominant contribution to national SME credit in 2024, accounting for more than 30% of total loan value The Commercial Bank of Ceylon has once again emerged as the country’s largest lender to small and medium enterprises (SMEs), retaining its position for the fifth consecutive year, according to the Ministry
- [DHL Express celebrates 45 years of leadership, innovation, and service excellence in Sri Lanka](https://economictimes.lk/index.php/2025/12/16/dhl-express-celebrates-45-years-of-leadership-innovation-and-service-excellence-in-sri-lanka/) - 45 years of connecting Sri Lanka to the world via international logistics Working with SMEs to support the country’s economic growth DHL Express is marking its 45 years of operations in Sri Lanka, connecting local businesses and communities to global opportunities through its logistics network. Ken Lee, CEO, Asia Pacific, DHL Express, said, “For 45
- [ITC Ratnadipa Presents Shifu’s Apprentice this December with Chef Liang and Chef Prithvi at Yi Jing](https://economictimes.lk/index.php/2025/12/15/itc-ratnadipa-presents-shifus-apprentice-this-december-with-chef-liang-and-chef-prithvi-at-yi-jing/) - ITC Ratnadipa announces the launch of Shifu’s Apprentice, an exclusive à la carte dining experience led by Chef Liang and his apprentice, Chef Prithvi, taking place at Yi Jing from 10th to 21st December 2025, from 6.30 PM onwards. Shifu’s Apprentice draws its inspiration from the traditional master–student relationship at the heart of classical Chinese cooking and in this
- [Ogilvy Group continues winning streak at Campaign Asia Agency of the Year Awards](https://economictimes.lk/index.php/2025/12/15/ogilvy-group-continues-winning-streak-at-campaign-asia-agency-of-the-year-awards/) - Ogilvy Group Sri Lanka has once again secured its place among the region’s top marketing and communications agencies at this year’s Campaign Asia Agency of the Year Awards, continuing a winning streak that spans the past seven years. This year’s awards ceremony, held in Mumbai, India, saw Ogilvy Digital and Phoenix Ogilvy bring home two
- [Almas Holdings pledges Rs.225mn for flood relief and rebuilding](https://economictimes.lk/index.php/2025/12/15/almas-holdings-pledges-rs-225mn-for-flood-relief-and-rebuilding/) - Almas Holdings (Pvt.) Ltd, a long-term investment holding company with interests in the capital market and real estate sectors, has pledged Rs.225 million to support flood relief and post-disaster rebuilding efforts, underscoring the growing private sector participation in the national recovery initiatives. The commitment is being made through its subsidiary, Almas Equities (Pvt.) Ltd, a
- [Yaden Laboratories contributes Rs.20mn to Rebuild Sri Lanka Fund](https://economictimes.lk/index.php/2025/12/15/yaden-laboratories-contributes-rs-20mn-to-rebuild-sri-lanka-fund/) - With its commitment to supporting the healthcare needs of the community, Yaden Laboratories (Pvt.) Ltd has donated Rs.20 million to the Rebuild Sri Lanka Fund, instantly stepping forward to support the nation rebuilding following Cyclone Ditwah. Yaden Laboratories is a leading Sri Lankan pharmaceutical manufacturing company, 100 percent Sri Lankan-owned, with a state-of-the-art facility for
- [Vallibel Finance’s asset base soars high to Rs.143bn, up 30%](https://economictimes.lk/index.php/2025/12/15/vallibel-finances-asset-base-soars-high-to-rs-143bn-up-30/) - Delivers strong earnings and superior asset quality Vallibel Finance PLC sustained its robust upward trajectory in the first half of FY 25/26, delivering exceptional financial results and further consolidating its position among Sri Lanka’s top five financial institutions. The company reported a profit before tax (PBT) of Rs.2.7 billion for the period under review, reflecting
- [Kapruka reports 77% YoY improvement in operating performance as platform strategy gains momentum, marking back-to-back quarters of strong performance](https://economictimes.lk/index.php/2025/12/12/kapruka-reports-77-yoy-improvement-in-operating-performance-as-platform-strategy-gains-momentum-marking-back-to-back-quarters-of-strong-performance/) - Kapruka Holdings PLC (CSE: KPHL) recently reported encouraging results for the quarter ended 30 September 2025, as shared in the Chairman & CEO’s Review dated 06 November 2025. The Group delivered 12% year-on-year revenue growth, while gross profit increased 19%. Most notably, operating performance improved 77% year-on-year, reflecting disciplined execution and the growing impact of
- [Presidential Export Awards Presented in Recognition of Sri Lankan Exporters Who Have Made Exceptional Contributions to the Export Sector](https://economictimes.lk/index.php/2025/12/12/presidential-export-awards-presented-in-recognition-of-sri-lankan-exporters-who-have-made-exceptional-contributions-to-the-export-sector/) - The 27th Presidential Export Awards Ceremony, organized by the Sri Lanka Export Development Board (EDB) under the Ministry of Industries and Development, was held Yesteray (11) at the Bandaranaike Memorial International Conference Hall under the patronage of Dr. Harini Amarasuriya, Prime Minister of the Democratic Socialist Republic of Sri Lanka. As the highest national accolade
- [Colombo-Based Diplomats Make Rs. 3.6 Million Personal Contribution to the ‘Rebuilding Sri Lanka’ Fund](https://economictimes.lk/index.php/2025/12/12/colombo-based-diplomats-make-rs-3-6-million-personal-contribution-to-the-rebuilding-sri-lanka-fund/) - Diplomats based in Colombo have made a personal contribution of LKR 3.6 million to the government’s “Rebuilding Sri Lanka” Fund, which provides relief to people affected by the recent devastating cyclone. The relevant cheque was handed over today (11) to Minister of Foreign Affairs, Foreign Employment and Tourism, Mr. Vijitha Herath, by Her Excellency Dewi
- [Central Bank of Sri Lanka Conducts the International Research Symposium – 2025](https://economictimes.lk/index.php/2025/12/12/central-bank-of-sri-lanka-conducts-the-international-research-symposium-2025/) - The Central Bank of Sri Lanka (CBSL) conducted the International Research Symposium - 2025 during 08-10 December 2025 under the theme of “Stability for Prosperity” at the CBSL John Exter International Conference Hall, to mark the 75th Anniversary of the CBSL. The symposium, organised by the Economic Research Department of the CBSL, comprised the following
- [SLTPB Hosts French Media Tour Featuring Rugby Legend Serge Betsen to Promote Sri Lanka Tourism](https://economictimes.lk/index.php/2025/12/12/sltpb-hosts-french-media-tour-featuring-rugby-legend-serge-betsen-to-promote-sri-lanka-tourism/) - The Sri Lanka Tourism Promotion Bureau (SLTPB) took a leading role in an initiative to showcase Sri Lanka as a premier tourist destination in France and Europe by hosting a dedicated media tour from France. The tour coincided with the visit of celebrated French national rugby player Serge Betsen, who was in Sri Lanka from 17–20 November 2025, as part
- [DFCC Credit & Debit Cards Introduce Practical Savings and Flexible Support for Year-End Spending](https://economictimes.lk/index.php/2025/12/11/dfcc-credit-debit-cards-introduce-practical-savings-and-flexible-support-for-year-end-spending/) - DFCC Bank has introduced a range of practical credit and debit card benefits designed to ease financial pressure while still giving families the chance to experience the season’s warmth. With up to 70% savings across supermarkets, healthcare, education, retail, and online services, DFCC Credit and Debit Cards aim to help customers manage essential spending with
- [Lankem Agro Unveils Eco-Friendly Fertilizer Solutions for a Sustainable Farming Future](https://economictimes.lk/index.php/2025/12/11/lankem-agro-unveils-eco-friendly-fertilizer-solutions-for-a-sustainable-farming-future/) - Lankem Agro, Sri Lanka’s trusted partner in agriculture, today announced the launch of three breakthrough fertilizer innovations, Vovo K Power, Wonder K, and N-Shield Dual Urea marking a significant advancement in sustainable and efficient crop nutrition. These next-generation solutions reinforce the company’s purpose of nurturing growth, enriching lives, and empowering farmers through scientifically driven, practical
- [Emirates ends the year on high scooping 5 more global awards](https://economictimes.lk/index.php/2025/12/11/emirates-ends-the-year-on-high-scooping-5-more-global-awards/) - Emirates is ending 2025 on a sky-high note with another five global accolades won, this time at the 32nd annual World Travel Awards, held in Bahrain. Adding to its impressive portfolio of more than 20 accolades received in 2025, the latest titles celebrate Emirates as a leading airline brand, as well as recognising its multi award-winning
- [ChildFund Sri Lanka Mobilizes Emergency Response as Catastrophic Floods Displace Over 1.1 Million](https://economictimes.lk/index.php/2025/12/11/childfund-sri-lanka-mobilizes-emergency-response-as-catastrophic-floods-displace-over-1-1-million/) - Sri Lanka is confronting one of its most devastating flood emergencies in recent history, with more than 1.1 million people seeking refuge in over 1,500 safety centres nationwide. The disaster has claimed 355 lives, with 366 persons still missing, as communities across multiple districts grapple with unprecedented destruction. ChildFund Sri Lanka has launched a comprehensive
- [Hemas Hospital Wattala Partners with SLSG 2025, Leading Sri Lanka in Advanced Liver Care](https://economictimes.lk/index.php/2025/12/10/hemas-hospital-wattala-partners-with-slsg-2025-leading-sri-lanka-in-advanced-liver-care/) - Hemas Hospital Wattala reaffirmed its commitment to collaboration and medical innovation through its sponsorship of the Annual Academic Sessions of the Sri Lanka Society of Gastroenterology (SLSG) 2025. Recently, Hemas Hospital Wattala introduced the most advanced Fibroscan machine in the country, positioning the hospital at the forefront of liver care. During the SLSG event, live
- [Over 50,000 tourists arrive in first eight days of December](https://economictimes.lk/index.php/2025/12/10/over-50000-tourists-arrive-in-first-eight-days-of-december/) - A total of 50,222 tourists have arrived in the country thus far in December, data from the Sri Lanka Tourism Development Authority (SLTDA) shows. According to data released by the SLTDA, a total of 10,453 tourists have arrived from India which accounts to 21%. Furthermore, 5,420 persons from Russia, 4,822 from Germany, 3,823 from the
- [NOLIMIT Stands with the Nation: Rs. 60 million Pledged for Disaster Relief and Recovery](https://economictimes.lk/index.php/2025/12/10/nolimit-stands-with-the-nation-rs-60-million-pledged-for-disaster-relief-and-recovery/) - Sri Lanka is steadily recovering from Cyclone Ditwah, which caused widespread flooding and landslides, displacing millions and damaging nearly a fifth of the country. NOLIMIT joins the nation’s rebuilding effort by pledging Rs. 60 million worth support to disaster relief and recovery. Committed to standing with our nation, NOLIMIT is helping restore communities, revive livelihoods,
- [Sri Lanka Claims Regional Spotlight as DC Group Wins Gold for Digital Innovation Agency of the Year – South Asia and Rest of South Asia](https://economictimes.lk/index.php/2025/12/10/sri-lanka-claims-regional-spotlight-as-dc-group-wins-gold-for-digital-innovation-agency-of-the-year-south-asia-and-rest-of-south-asia/) - DC Group marked a significant milestone for Sri Lanka’s creative and digital sector by becoming the first Sri Lankan agency to be awarded Gold for Digital Innovation Agency of the Year South Asia at the Campaign Agency of the Year Awards 2025. The agency also received Gold for Digital Innovation Agency of the Year Rest
- [ComBank named Sri Lanka’s Best Trade Finance Bank at Euromoney Awards 2025](https://economictimes.lk/index.php/2025/12/10/combank-named-sri-lankas-best-trade-finance-bank-at-euromoney-awards-2025/) - Honoured for outstanding support to Sri Lanka’s trade sector The Commercial Bank of Ceylon PLC was named Sri Lanka’s Best Trade Finance Bank at the prestigious Euromoney Transaction Banking Awards 2025, in recognition of the Bank’s strong performance and continued contribution to supporting Sri Lanka’s export and import sectors. This global recognition from Euromoney, a
- [Cinnamon Life Unwraps a Month of Magic: A Christmas Meant to be Savoured](https://economictimes.lk/index.php/2025/12/09/cinnamon-life-unwraps-a-month-of-magic-a-christmas-meant-to-be-savoured/) - This December, Cinnamon Life at City of Dreams celebrates its first Christmas season with a series of warm, comforting and carefully curated dining experiences across its restaurants and lounges. With an emphasis on togetherness, familiar flavours and meaningful moments, the property invites guests to enjoy the season in a way that feels truly heartfelt. Each
- [Nestlé Lanka Recognized at the Best Corporate Citizen Sustainability Awards 2025](https://economictimes.lk/index.php/2025/12/09/nestle-lanka-recognized-at-the-best-corporate-citizen-sustainability-awards-2025/) - Nestlé Lanka was recognized at the Best Corporate Citizen Sustainability Awards 2025, taking home seven awards in several categories including, the Triple Bottom Line Award for Social Sustainability – People, Category Award for Environment Beyond Business, Category Award for Employee Relations, Category Award for Customer Relations, and three awards in Environmental Commitment, Environmental integration and
- [Uber marks 10 years in Sri Lanka: Moving People, Powering Livelihoods, Impacting Communities](https://economictimes.lk/index.php/2025/12/09/uber-marks-10-years-in-sri-lanka-moving-people-powering-livelihoods-impacting-communities/) - Uber today marked ten years of operations in Sri Lanka, a decade in which the platform has reshaped how people commute, and how thousands of Sri Lankans earn a livelihood. Over the past decade, ride-hailing has become one of the most transformative shifts in Sri Lanka’s urban mobility landscape, providing safe, reliable and affordable transport
- [InsureMe Debuts on the CSE Empower Board](https://economictimes.lk/index.php/2025/12/09/insureme-debuts-on-the-cse-empower-board/) - InsureMe Insurance Brokers Ltd successfully completed its Equity Introduction and subsequent listing on the Empower Board of the CSE recently marking a significant milestone for a local digital-first enterprise. InsureMe Insurance Brokers Ltd (InsureMe) rang the market opening bell at a market opening ceremony, held at the CSE's iconic Trading Floor, to commemorate its landmark
- [Doola River Edge Celebrates the Spirit of the Season with Festive Cake-Mixing Ceremony 2025](https://economictimes.lk/index.php/2025/12/09/doola-river-edge-celebrates-the-spirit-of-the-season-with-festive-cake-mixing-ceremony-2025/) - Doola River Edge, Udawalawa, ushered in the festive season with its annual Christmas Cake-Mixing Ceremony, a cherished tradition symbolizing unity, joy, and togetherness. The vibrant event brought together management, staff, and guests to celebrate the warmth of the season in true hospitality style. The cake-mixing ceremony was graced by Directress Mrs. Indika Senani, Director/Chief Executive
- [John Keells Foundation Marks International Day for the Elimination of Violence Against Women](https://economictimes.lk/index.php/2025/12/08/john-keells-foundation-marks-international-day-for-the-elimination-of-violence-against-women/) - On the occasion of the International Day for the Elimination of Violence Against Women, John Keells Foundation (JKF) reaffirmed its long‑standing commitment to combatting gender‑based violence and child abuse through its flagship initiative, Project WAVE (Working Against Violence through Education). Since its launch in November 2014, Project WAVE has reached over 5.8 million individuals, including
- [Binance Becomes First Crypto Exchange To Secure a Global License Under ADGM Framework, Setting a New Standard in Digital-Asset Regulation](https://economictimes.lk/index.php/2025/12/08/binance-becomes-first-crypto-exchange-to-secure-a-global-license-under-adgm-framework-setting-a-new-standard-in-digital-asset-regulation/) - Binance, the world’s largest cryptocurrency exchange by trading volume and users, today announced a landmark regulatory achievement: The Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre of Abu Dhabi, the Capital of the UAE, has formally approved the authorisation of Binance’s global platform, Binance.com, under a comprehensive regulatory framework. This global first
- [Jetstar to launch Australia’s only low-cost direct flights to Sri Lanka, with fares from just $315^](https://economictimes.lk/index.php/2025/12/08/jetstar-to-launch-australias-only-low-cost-direct-flights-to-sri-lanka-with-fares-from-just-315/) - Jetstar will take off for the first time from Australia to Sri Lanka in August next year, with the launch of the only direct low-cost service from Melbourne to the South Asian nation’s capital, Colombo. From 25 August 2026, Jetstar will become the first Australian airline to operate this route, flying three times a week between Melbourne and Colombo and offering more than 100,000 low-fare seats a year on the new route. Upgraded aircraft This year-round service will be operated by Jetstar’s fleet of 11 widebody Boeing 787 Dreamliners which are progressively being upgraded from
- [EDB Launches Fast-Track Relief to Support Exporters Affected by Adverse Weather](https://economictimes.lk/index.php/2025/12/08/edb-launches-fast-track-relief-to-support-exporters-affected-by-adverse-weather/) - The Export Development Board (EDB) has launched a rapid relief and recovery program following the severe impact of adverse weather conditions on Sri Lanka's export sector. A discussion meeting was held recently at the EDB premises, with the participation of Secretary to the Ministry of Industry and Entrepreneurship Development Mrs. Tilaka Jayasundara, EDB Chairman and
- [Unity Plaza Lights Up Colombo’s Digital Future with Largest Triple-Faced LED Display](https://economictimes.lk/index.php/2025/12/08/unity-plaza-lights-up-colombos-digital-future-with-largest-triple-faced-led-display/) - Colombo welcomed a new chapter in its urban landscape as Unity Plaza revealed Sri Lanka’s largest outdoor LED digital screen, drawing a distinguished audience that included the Board of Directors and the Management of On’ally Holdings PLC, over 250 invitees, representatives from its business partner company and members of the media. The unveiling signals the
- [USD 100 million Loan Assistance and USD 3 million Grant assistance from the Asian Development Bank](https://economictimes.lk/index.php/2025/12/05/usd-100-million-loan-assistance-and-usd-3-million-grant-assistance-from-the-asian-development-bank/) - The Government of Sri Lanka had discussions with the Asian Development Bank (ADB) to mobilize a policy-based loan amounting to USD 100 million to implement the Power Sector Reforms and Financial Sustainability Program (Subprogram 2). This policy-based lending program will support the establishment of independent and financially sustainable electricity utilities. It will also support the
- [ADB President Announces Emergency Grants for Flood Relief Across Southeast Asia and Sri Lanka](https://economictimes.lk/index.php/2025/12/05/adb-president-announces-emergency-grants-for-flood-relief-across-southeast-asia-and-sri-lanka/) - Asian Development Bank (ADB) President Masato Kanda on Wednesday announced that ADB will provide immediate grant support of up to $3 million to Sri Lanka; $2 million to Thailand; and $2 million to Viet Nam, following requests for support from the governments. “I am deeply saddened by the suffering caused by these devastating floods,” said
- [HNB and Future Automobiles Collaborate to Offer Rewarding Ford Leasing Solutions   ](https://economictimes.lk/index.php/2025/12/05/hnb-and-future-automobiles-collaborate-to-offer-rewarding-ford-leasing-solutions/) - HNB PLC, the most trusted private bank in Sri Lanka, announced on 28th October 2025 a new partnership with Future Automobiles (Pvt) Ltd, the authorized distributor for Ford in Sri Lanka. The initiative introduces special leasing rates, exclusive insurance benefits, and unique customer rewards to promote Ford vehicles in the local market. Commenting on the
- [Round Table Sri Lanka Delivers Rapid, High-Impact Relief Following Cyclone Ditwah](https://economictimes.lk/index.php/2025/12/05/round-table-sri-lanka-delivers-rapid-high-impact-relief-following-cyclone-ditwah/) - In the aftermath of Cyclone Ditwah’s severe flooding across the Western Province, Round Table Sri Lanka (RTSL) has emerged as one of the nation’s fastest and most effective humanitarian responders, deploying urgent relief operations since 28 November 2025. RTSL’s first major mission launched in Welampitiya, delivering emergency food parcels, ration packs, medication, and bedsheets to families stranded for days
- [HUTCH Contributes Rs. 60 Million to Support Cyclone-Affected Communities](https://economictimes.lk/index.php/2025/12/05/hutch-contributes-rs-60-million-to-support-cyclone-affected-communities/) - As part of ongoing relief efforts for communities affected by Cyclone Ditwah, HUTCH Sri Lanka has donated Rs. 60 million to the Government’s ‘Rebuilding Sri Lanka’ Fund. The contribution was officially handed over today (04) at the Presidential Secretariat. The donation cheque was presented to Secretary to the President Dr. Nandika Sanath Kumanayake by HUTCH
- [Sri Lanka Export Excellence Initiative Strengthens SME Export Capacity with Second ExpoScaleUp Pitching Event](https://economictimes.lk/index.php/2025/12/03/sri-lanka-export-excellence-initiative-strengthens-sme-export-capacity-with-second-exposcaleup-pitching-event/) - The Sri Lanka Export Development Board (EDB), in collaboration with the International Finance Corporation (IFC) and the European Union (EU), successfully concluded the Pitching Event for the second batch of SMEs under the ExpoScaleUp program. Supported under the European Union's regional initiative 'Accelerating Climate Smart and Inclusive Infrastructure in South Asia (ACSIIS)’ as part of
- [Uber joins hands with Sri Lanka Red Cross Society: Commits LKR 65 million to support communities impacted by Cyclone Ditwah](https://economictimes.lk/index.php/2025/12/03/uber-joins-hands-with-sri-lanka-red-cross-society-commits-lkr-65-million-to-support-communities-impacted-by-cyclone-ditwah/) - Teams up with Colombo Municipal Council (CMC) to mobilise community donations Uber Sri Lanka today announced a partnership with the Sri Lanka Red Cross Society to support relief and recovery efforts for communities affected by Cyclone Ditwah. As part of this initiative, Uber is contributing approximately LKR 65 million towards emergency relief, combining funds for
- [After the Storm, Sri Lanka Shines Again – Luxury Cruise Brings 2,000 Tourists to Colombo](https://economictimes.lk/index.php/2025/12/03/after-the-storm-sri-lanka-shines-again-luxury-cruise-brings-2000-tourists-to-colombo/) - In a powerful symbol of resilience and recovery, Sri Lanka today welcomed the luxury cruise ship Mein Schiff 06, operated by TUI Cruises, carrying more than 2,000 international passengers to the Colombo Port. This marks the first major tourist movement since last week’s natural disaster, sending a clear message to the world: Sri Lanka is safe, open, and ready
- [Suwanda Industries (Cycle Pure Incense – Sri Lanka) Recertified as ZeroCarbon® Manufacturer for 2025](https://economictimes.lk/index.php/2025/12/03/suwanda-industries-cycle-pure-incense-sri-lanka-recertified-as-zerocarbon-manufacturer-for-2025/) - Suwanda Industries, known globally under the brand name Cycle Pure Incense, is proud to announce its recertification as a ZeroCarbon® Manufacturer for 2025. This marks another significant milestone in the company’s ongoing journey of environmental responsibility and purpose-driven business. As Sri Lanka’s only Carbon Neutral Manufacturer of Incense Sticks, this achievement reaffirms the company’s unwavering dedication to
- [Sofia Colombo launches Colombo’s first ‘Hotel e-Shop’ powered by Thineth Software Solutions](https://economictimes.lk/index.php/2025/12/03/sofia-colombo-launches-colombos-first-hotel-e-shop-powered-by-thineth-software-solutions/) - In a groundbreaking step toward enhancing guest convenience and digital hospitality, Sofia Colombo has officially launched Colombo’s first-ever multilingual “Hotel E-Shop,” developed in partnership with Thineth Software Solutions. This innovative online platform operates without the need for app downloads or personal data collection guests simply scan a QR code available in their rooms to access
- [Binance Contributes LKR ~61.6 Million for Flood Relief in Sri Lanka](https://economictimes.lk/index.php/2025/12/02/binance-contributes-lkr-61-6-million-for-flood-relief-in-sri-lanka/) - Funds directed through Sri Lanka Red Cross Society to Support Communities Impacted by Cyclone Ditwah In response to the devastating impact of Cyclone Ditwah, which has triggered severe rains and flooding across Sri Lanka, Binance Charity, the philanthropic arm of the global blockchain leader Binance, has pledged LKR ~61.6 Million (USD 200,000) to support urgent
- [HNB Reinforces Commitment as Platinum Sponsor & Official Banking Partner at 1st ever IBSL National Banking and Finance Conference 2025](https://economictimes.lk/index.php/2025/12/02/hnb-reinforces-commitment-as-platinum-sponsor-official-banking-partner-at-1st-ever-ibsl-national-banking-and-finance-conference-2025/) - HNB PLC, the leading private bank in Sri Lanka is announced as the Platinum sponsor and Official Banking partner for the 1st ever IBSL National Banking and Finance Conference 2025. The Conference, organized by the Institute of Bankers of Sri Lanka (IBSL), will take place in Colombo on 1 and 2 December 2025. "The National Banking
- [Duty-Free Mechanism Introduced for Overseas Disaster Relief Donations](https://economictimes.lk/index.php/2025/12/02/duty-free-mechanism-introduced-for-overseas-disaster-relief-donations/) - Due to the current disaster situation in the country, various inquiries have been made by foreign countries, organizations, individuals, as well as Sri Lankans living abroad, regarding donating essential goods to the people affected. Accordingly, the Government of Sri Lanka has introduced a more convenient procedure to expedite the clearance and distribution of all material
- [EKHO Ella named among the world’s top 1 percent of hotels with TripAdvisor’s prestigious ‘Best of the Best’ 2025 Award](https://economictimes.lk/index.php/2025/12/02/ekho-ella-named-among-the-worlds-top-1-percent-of-hotels-with-tripadvisors-prestigious-best-of-the-best-2025-award/) - EKHO Ella, the boutique hotel set in Sri Lanka’s scenic hill country, has been recognised with the 2025 TripAdvisor Travellers’ Choice Best of the Best Award, placing it among the top 1 percent of hotels worldwide. The honour is based entirely on guest reviews and ratings and acknowledges the hotel’s warm hospitality, distinctive railway inspired
- [Lungi puts Sri Lankan flavours on the global map with back-to-back Michelin honours](https://economictimes.lk/index.php/2025/12/02/lungi-puts-sri-lankan-flavours-on-the-global-map-with-back-to-back-michelin-honours/) - New York City – Sri Lanka’s culinary identity has reached a proud global milestone as Lungi, the South Indian–Sri Lankan restaurant on Manhattan’s Upper East Side, secures the 2025 Michelin Bib Gourmand Award, following its first win in 2024. This recognition makes Lungi the first Sri Lankan restaurant in New York to earn back-to-back Bib
- [Sampath Bank Advances Public Transport Innovation with Digital Card Acceptance on Key Western Province Routes](https://economictimes.lk/index.php/2025/12/02/sampath-bank-advances-public-transport-innovation-with-digital-card-acceptance-on-key-western-province-routes/) - Sampath Bank PLC advanced Sri Lanka’s journey towards transport digitalisation with the launch of its pilot digital bus fare payment project in collaboration with the Road Passenger Transport Authority – Western Province. The event took place in Thalangama recently and was attended by Mr. Tharaka Ranwala, Senior Deputy General Manager – Life Lead Operations of
- [Sri Lanka Insurance honoured at National Supply Chain Excellence Awards 2025](https://economictimes.lk/index.php/2025/12/01/sri-lanka-insurance-honoured-at-national-supply-chain-excellence-awards-2025/) - Sri Lanka Insurance (SLIC) has been honoured with a Commendation Award for ‘Best Supply Chain Practicing Organization – Service Category’ at the National Supply Chain Excellence Awards 2025. The prestigious award, organized by the Institute of Supply and Materials Management (ISMM), recognises SLIC’s exemplary performance in procurement management. The company was selected from 24 nominated
- [KT Clean Star unveils advanced Nano Coating Solutions in Sri Lanka](https://economictimes.lk/index.php/2025/12/01/kt-clean-star-unveils-advanced-nano-coating-solutions-in-sri-lanka/) - KT Clean Star, a member of the KT Group, has launched two advanced Japanese nanotechnology products in Sri Lanka: Nano Shine and Nano Maintenance. Developed by Japan’s System Brain Corporation and established in over 40 countries, these solutions set new benchmarks for surface protection. Nano Shine provides vehicles with a long-lasting, high-gloss, and scratch-resistant shield that repels water and simplifies
- [Bally’s Colombo marks 30 years, solidifies reputation as a ‘vibrant leisure hub’](https://economictimes.lk/index.php/2025/12/01/ballys-colombo-marks-30-years-solidifies-reputation-as-a-vibrant-leisure-hub/) - Bally’s Colombo, Sri Lanka’s leading entertainment destination, celebrated its 30th anniversary on October 26, commemorating three decades of shaping the nation’s tourism and nightlife. The landmark event was graced by Bollywood icon Bipasha Basu, highlighting the venue’s international appeal. Since its establishment in 1995, Bally’s has been instrumental in positioning Colombo on the global entertainment
- [Nestlé Lanka wins seven Sustainability Awards](https://economictimes.lk/index.php/2025/12/01/nestle-lanka-wins-seven-sustainability-awards/) - Nestlé Lanka won seven awards at the prestigious 2025 Best Corporate Citizen Sustainability Awards, organized by the Ceylon Chamber of Commerce. The company was recognized in multiple categories, including Social Sustainability, Environment Beyond Business, and Customer Relations. “We are humbled by this recognition,” said Bernie Stefan, Chairman and Managing Director of Nestlé Lanka. “Sustainability is
- [PickMe Activates Islandwide Digital Relief Network as Sri Lanka Battles Worst Floods in Years](https://economictimes.lk/index.php/2025/12/01/pickme-activates-islandwide-digital-relief-network-as-sri-lanka-battles-worst-floods-in-years/) - As Sri Lanka confronted one of its most devastating flood disasters in recent memory, local ride-hailing giant PickMe, Sri Lanka’s largest locally built mobility and delivery platform, activated its full digital and logistical network to support nationwide relief efforts. With hundreds dead, thousands displaced, and rescue operations still underway, the company has launched a three-pronged
- [Barista Celebrates Milestone 75th Outlet Opening, Brewing Happiness across Sri Lanka](https://economictimes.lk/index.php/2025/11/28/barista-celebrates-milestone-75th-outlet-opening-brewing-happiness-across-sri-lanka/) - Barista Sri Lanka, the island’s largest and most beloved café chain, proudly marks the grand opening of its 75th outlet at Arcade Independence Square, Colombo 07. This milestone reflects Barista’s remarkable journey over the past 23 years — from pioneering coffee culture in Sri Lanka to becoming a household name synonymous with quality, community, and
- [BYD and JKCG Auto Launch the All-New BYD ATTO 1 and BYD ATTO 2 in Sri Lanka](https://economictimes.lk/index.php/2025/11/28/byd-and-jkcg-auto-launch-the-all-new-byd-atto-1-and-byd-atto-2-in-sri-lanka/) - BYD, together with its sole authorised distributor John Keells CG Auto (JKCG Auto), announced the official launch of the all-new BYD ATTO 1 and BYD ATTO 2 in Sri Lanka. First presented to the public at the Colombo Motor Show from 21 to 23 November at the BMICH, the two models now join BYD’s expanding
- [Hemas Recognized for Leadership in Sustainability](https://economictimes.lk/index.php/2025/11/27/hemas-recognized-for-leadership-in-sustainability/) - Hemas Holdings PLC was honoured as one of Sri Lanka’s leading corporate citizens at the ‘Best Corporate Citizen Sustainability (BCCS) Awards 2025’, reaffirming the Group’s position as a purpose-led organization with a strong track record in ethical governance sustainability performance and national value creation. Organised by the Ceylon Chamber of Commerce, the BCCS Awards recognize
- [GNEXT Sri Lanka Secures Xiaomi’s Highest Regional Honour for Distribution Excellence](https://economictimes.lk/index.php/2025/11/27/gnext-sri-lanka-secures-xiaomis-highest-regional-honour-for-distribution-excellence/) - GNEXT Sri Lanka has been awarded the prestigious Best Distributor in the South Asian Region title at the Xiaomi Global Partner Conference held in Beijing, China. This recognition from Xiaomi Global one of the world’s leading smartphone and technology brands—celebrates GNEXT’s outstanding performance, distribution excellence, and strong strategic partnership in the region. Commenting on the
- [Sustainable manufacturing: YKK Lanka partners with Regen Renewables](https://economictimes.lk/index.php/2025/11/27/sustainable-manufacturing-ykk-lanka-partners-with-regen-renewables/) - YKK Lanka Pvt. Ltd., a global leader in the manufacturing of metal, coil, and Vislon zippers, has partnered with Regen Renewables, a Sri Lankan renewable energy company, to launch a 1,792 kW solar PV system at its manufacturing facility. The solar project, featuring DAS Solar panels and Huawei inverters, leverages world-class technology to deliver reliable,
- [Delmege Insurance Brokers wins top honours at Global Insurance Excellence Awards 2025](https://economictimes.lk/index.php/2025/11/27/delmege-insurance-brokers-wins-top-honours-at-global-insurance-excellence-awards-2025/) - Delmege Insurance Brokers a subsidiary of the Delmege Group has brought pride to Sri Lanka by being recognized at the Global Insurance Excellence Awards 2025 for the Asia and MENA Region, held in Goa, India and organized by Bajaj Allianz General Insurance. At this gathering of industry leaders, Chathura Kehelpannala, Chief Operating Officer of Delmege
- [Havelock City Mall Set to Redefine Colombo’s Festive Season with a ‘Magical Christmas at My Happy Place’](https://economictimes.lk/index.php/2025/11/27/havelock-city-mall-set-to-redefine-colombos-festive-season-with-a-magical-christmas-at-my-happy-place/) - Havelock City Mall, Colombo’s premier lifestyle destination, welcomes the festive season with ‘Magical Christmas at My Happy Place’, transforming the mall into the city’s most enchanting seasonal setting from 27th November to 24th December. Curated to inspire joy, wonder, and togetherness, this year’s celebration blends festive elegance with elevated experiences for families, friends, and discerning
- [Light a Life Children’s Fund marks 20 years of transforming lives in Kataragama](https://economictimes.lk/index.php/2025/11/27/light-a-life-childrens-fund-marks-20-years-of-transforming-lives-in-kataragama/) - In a quiet village in Kataragama, a long-running charitable initiative has quietly reshaped futures for nearly two decades. The Light a Life Children’s Fund (LLCF) now approaches its 20th anniversary, having empowered approximately a thousand children and their families through access to quality education and improved housing. LLCF, a charitable trust and voluntary social services / non
- [Tiesh Partners with Infinite Grace Foundation to Champion Mental Health, Rehabilitation, and Social Upliftment](https://economictimes.lk/index.php/2025/11/26/tiesh-partners-with-infinite-grace-foundation-to-champion-mental-health-rehabilitation-and-social-upliftment/) - Tiesh, a distinguished Sri Lankan jewellery brand renowned for its craftsmanship and timeless design, has announced a meaningful partnership with the Infinite Grace Foundation Sri Lanka, an organisation dedicated to transforming lives through love, dignity, purpose, and long-term social impact. This collaboration marks a significant milestone as two Sri Lankan entities join hands to address
- [Advice Lab forges strategic alliance with Rhombus Advisory](https://economictimes.lk/index.php/2025/11/26/advice-lab-forges-strategic-alliance-with-rhombus-advisory/) - Advice Lab, a reputed BPO that provides paraplanning and administrative services to Australian financial planners, has secured a strategic investment from Rhombus Advisory, one of Australia’s leading professional services groups. This initiative marks a major milestone in Advice Lab’s growth journey and highlights the strength of its operations across Sri Lanka and the Philippines. The
- [ComBank advances agri-modernisation efforts to boost paddy yields in Polonnaruwa](https://economictimes.lk/index.php/2025/11/26/combank-advances-agri-modernisation-efforts-to-boost-paddy-yields-in-polonnaruwa/) - Reinforcing its longstanding commitment to empowering SMEs and advancing sustainable agriculture, the Commercial Bank of Ceylon has embarked on another milestone initiative aimed at boosting paddy productivity and uplifting farmer livelihoods in the Polonnaruwa District, one of the Sri Lanka’s most vital rice-producing regions. The Bank’s Development Credit Department, together with its Kaduruwela Branch, recently hosted the
- [Scoliosis awareness walkathon organized by Med Connect Sri Lanka and BMH Hospitals concluded successfully](https://economictimes.lk/index.php/2025/11/26/scoliosis-awareness-walkathon-organized-by-med-connect-sri-lanka-and-bmh-hospitals-concluded-successfully/) - 13th Consecutive Sri Lanka's Largest Scoliosis Awareness Walkathon organized by Med Connect Sri Lanka and BMH Hospitals, Kerala concluded successfully. BMH Hospitals, Kerala supported by Lions Club Nawala and Med Connect Sri Lanka, and Karetrip.com hosted Sri Lanka's largest Scoliosis Awareness Walkathon. This initiative aims to educate families, parents, teachers, and communities on the early
- [Lankem Robbialac and Axalta Forge Strategic Partnership to Elevate Sri Lanka’s Automotive Coatings Industry](https://economictimes.lk/index.php/2025/11/26/lankem-robbialac-and-axalta-forge-strategic-partnership-to-elevate-sri-lankas-automotive-coatings-industry/) - Lankem Ceylon PLC, through its flagship coatings brand Robbialac, has announced a strategic partnership with Axalta Coating Systems, a global leader in high-performance automotive and industrial coatings. This collaboration marks a significant step forward for Sri Lanka’s automotive refinishing sector, uniting Robbialac’s long-established local leadership with Axalta’s world-class coating technologies. For more than five decades,
- [Rootcode wins six awards at the National ICT Awards](https://economictimes.lk/index.php/2025/11/25/rootcode-wins-six-awards-at-the-national-ict-awards/) - Rootcode celebrated a remarkable night of recognition at the National ICT Awards (NBQSA) 2025, held recently at the Taj Samudra Hotel in Colombo, taking home six awards across several categories. The wins highlight Rootcode’s steady focus on technical excellence and meaningful innovation. The National ICT Awards (NBQSA), organised by the Sri Lankan section of the
- [Mahogany Masterpieces unveils ‘An Ode to Grain’ – A celebration of material, craft and luxury](https://economictimes.lk/index.php/2025/11/25/mahogany-masterpieces-unveils-an-ode-to-grain-a-celebration-of-material-craft-and-luxury/) - Mahogany Masterpieces, the premier manufacturer of handcrafted luxury furniture in Sri Lanka, presents “An Ode to Grain,” a curated showcase that honors the natural beauty of mahogany and the art of fine furniture making. The ‘An Ode to Grain’ collection embodies the brand’s belief that timber has its own language, expressed through grain, proportion and
- [People’s Insurance PLC sustains growth momentum with 33% revenue growth in Q3 2025](https://economictimes.lk/index.php/2025/11/25/peoples-insurance-plc-sustains-growth-momentum-with-33-revenue-growth-in-q3-2025/) - People’s Insurance PLC has delivered a strong performance for the nine months ended 30 September 2025, reporting solid top-line momentum and sustained financial stability despite a dynamic operating environment. The Company posted an impressive 33% top-line growth in Q3—more than the industry’s overall growth rate of 15%—underscoring its strengthened market presence, prudent underwriting discipline, and
- [Rank Container Terminals to Develop Dedicated Container Cargo Inspection Yard at Hambantota International Port](https://economictimes.lk/index.php/2025/11/25/rank-container-terminals-to-develop-dedicated-container-cargo-inspection-yard-at-hambantota-international-port/) - Hambantota International Port Group (HIPG) has partnered with Rank Container Terminals (Pvt) Ltd (RCT) to develop a purpose-built Container Cargo Inspection Yard within the port premises. The new facility will serve as a centralised inspection point for all local import and export containers handled through Hambantota International Port (HIP), strengthening the port’s role as a
- [YKK Lanka partners with Regen Renewables for a 1.8 MW Solar Initiative to Drive Sustainable Manufacturing](https://economictimes.lk/index.php/2025/11/25/ykk-lanka-partners-with-regen-renewables-for-a-1-8-mw-solar-initiative-to-drive-sustainable-manufacturing/) - YKK Lanka Pvt Ltd, a global leader in the manufacturing of metal, coil, and Vislon zippers, has partnered with Regen Renewables, one of Sri Lanka’s largest renewable energy companies, to deploy a 1,792 kW solar PV system at its manufacturing facility. This strategic collaboration marks a significant step forward in YKK Lanka’s commitment to sustainable manufacturing and reducing
- [Sri Lankan Delegation Participates in CII Partnership Summit 2025 in Visakhapatnam, Andhra Pradesh](https://economictimes.lk/index.php/2025/11/24/sri-lankan-delegation-participates-in-cii-partnership-summit-2025-in-visakhapatnam-andhra-pradesh/) - The Ceylon Chamber of Commerce, together with the Indo-Lanka Chamber of Commerce & Industry (ILCCI), successfully led a high-level Sri Lankan business delegation to the prestigious CII Partnership Summit 2025 held in Visakhapatnam, Andhra Pradesh. The Partnership Summit, organized annually by the Confederation of Indian Industry (CII), is recognized as a premier global forum that
- [SLIM hosts Lanka’s first World Marketing Forum](https://economictimes.lk/index.php/2025/11/24/slim-hosts-lankas-first-world-marketing-forum/) - Marking a defining milestone for Sri Lanka’s marketing and business community, the Sri Lanka Institute of Marketing (SLIM) successfully hosted the World Marketing Forum (WMF) 2025, held for the first time in the country from 11 to 16 November 2025. Endorsed by the Ministry of Industry and Entrepreneurship Development and organised in collaboration with the
- [CSE plants 4,000 trees to mark 40th anniversary](https://economictimes.lk/index.php/2025/11/21/cse-plants-4000-trees-to-mark-40th-anniversary/) - The Colombo Stock Exchange (CSE) has begun planting 4,000 tree saplings as part of a landmark initiative carried out in collaboration with the non-profit organisation Rainforest Protectors of Sri Lanka in the Rajawaka Forest, to commemorate its 40th anniversary. This CSR initiative, themed “Let’s Celebrate 40 Years with 4,000 Trees,” is part of ongoing reforestation
- [Phoenix Arts & Design Awards 2025 Exhibition Now Open to the Public](https://economictimes.lk/index.php/2025/11/21/phoenix-arts-design-awards-2025-exhibition-now-open-to-the-public/) - Celebrating Sri Lanka’s rising creative talent at Lionel Wendt The highly anticipated Phoenix Arts & Design (PAD) Awards 2025 exhibition officially opened on 17th November 2025 at the iconic Lionel Wendt Art Centre, marking a significant milestone for Sri Lanka’s creative community. The opening ceremony brought together finalists, industry professionals, and art enthusiasts for an evening dedicated to celebrating
- [Thambapanni Leisure to open fifth hotel, Thambapanni Villa in Unawatuna in Dec.](https://economictimes.lk/index.php/2025/11/21/thambapanni-leisure-to-open-fifth-hotel-thambapanni-villa-in-unawatuna-in-dec/) - Thambapanni Leisure Group of Hotels will open its fifth property in Unawatuna at the end of next month. Branded as Thambapanni Villa, the new development will feature 28 luxury villas built on a one-acre site. The upcoming luxury property, Thaproban Villa, is designed to offer an exclusive and tranquil guest experience with all modern amenities.
- [Nufloe Elevates Movement and Rehabilitation in Sri Lanka Through Pilates](https://economictimes.lk/index.php/2025/11/21/nufloe-elevates-movement-and-rehabilitation-in-sri-lanka-through-pilates/) - Located in the heart of Colombo, Nufloe is changing how Sri Lankans move, recover, and reconnect with their bodies through Pilates. Established in 2025, Nufloe is the country’s first fully equipped Balanced Body® Pilates studio, setting a new standard in mindful movement, rehabilitation, and boutique fitness. Behind its serene Japandi-inspired interiors and the calm rhythm
- [Hapag-Lloyd Delegation Visits Sri Lanka Ports Authority](https://economictimes.lk/index.php/2025/11/21/hapag-lloyd-delegation-visits-sri-lanka-ports-authority/) - A senior delegation from Hapag-Lloyd recently visited the Sri Lanka Ports Authority (SLPA) to strengthen ties and explore opportunities for further cooperation. The delegation included Mr Christiaan Goeman Borgesius, Senior Director – RME Operations; Mr Jubil Thankachan, Director of Marine Operations – RME Operations; and Mr Lloyd De Villers, Director of Procurement. They were accompanied
- [Tea production sees a marginal rise in October](https://economictimes.lk/index.php/2025/11/20/tea-production-sees-a-marginal-rise-in-october/) - Sri Lanka’s tea harvest experienced a slight uptick in October 2025 compared to the previous year, according to provisional data from Forbes & Walker Research. However, this overall gain masked varying performances across the different growing elevations, with only the Low Grown segment reporting an increase. The total crop for October stood at 21.78 million
- [MAS wins multiple honours at the National Cleaner Production Awards 2025](https://economictimes.lk/index.php/2025/11/20/mas-wins-multiple-honours-at-the-national-cleaner-production-awards-2025/) - South Asian apparel-tech conglomerate, MAS Holdings won resounding recognition for its commitment to sustainable and ethical production at the recently concluded National Cleaner Production Awards 2025. The awards were presented in Colombo under the patronage of the Minister of Industry and Entrepreneurship Development, Sunil Handunnetti. MAS received Gold, Silver, Bronze and Merit awards in the
- [Manel Rajkumar of D & R Exports honoured with the ‘Legendary Woman of the Year’ award at the Women Legend Awards 2025](https://economictimes.lk/index.php/2025/11/20/manel-rajkumar-of-d-r-exports-honoured-with-the-legendary-woman-of-the-year-award-at-the-women-legend-awards-2025/) - Manel Gertrude Rajkumar, Chairperson of D & R Exports (Pvt) Ltd, a leading enterprise in Sri Lanka’s food and beverage manufacturing sector, has been honoured with the “Legendary Woman of the Year” Award (Large-Scale Category) at the prestigious Women Legend Awards 2025. Under Mrs. Rajkumar’s visionary leadership, the company’s remarkable journey began in 1993 as
- [Hatton National Bank Wins Best Corporate Citizen Sustainability Award 2025 ](https://economictimes.lk/index.php/2025/11/20/hatton-national-bank-wins-best-corporate-citizen-sustainability-award-2025/) - Hatton National Bank won the coveted ‘Best Corporate Citizen Sustainability Award 2025’ at the 22nd Best Corporate Citizen Sustainability Awards organised by The Ceylon Chamber of Commerce at the Cinnamon Grand Hotel, on 19th November. Commercial Bank of Ceylon and Hemas Holdings were adjudged the first and second runners-up respectively. The annual BCCS Awards are the premier corporate citizenship award and highlight sustainability champions in the national corporate arena. The
- [Crocodile elevates shopping experience at upgraded store at One Galle Face Mall](https://economictimes.lk/index.php/2025/11/20/crocodile-elevates-shopping-experience-at-upgraded-store-at-one-galle-face-mall/) - Crocodile, the leading fashion brand, known for its timeless designs and exceptional quality has reopened its newly upgraded store at One Galle Face Mall (OGF). The store now brings an elevated and seamless shopping experience to customers. This reopening combines the brand’s former menswear and womenswear stores at OGF into a premium retail destination that
- [Browns’ Battery & Tyres Blaze Ahead at SLIM NASCO 2025](https://economictimes.lk/index.php/2025/11/20/browns-battery-tyres-blaze-ahead-at-slim-nasco-2025/) - Browns’ Battery & Tyres raced ahead of the competition at the SLIM National Sales Awards 2025 by securing several wins at Sri Lanka’s renowned sales excellence platform, the only national-level awards dedicated to recognising the country’s key performing professionals. This year, Browns’ Battery & Tyres charged the Automotive/Frontliners category with two victories: Chandima Ruwan claimed
- [“Korea–Sri Lanka Investment Facilitation Forum”: Bridging Korean Innovation with Sri Lankan Growth](https://economictimes.lk/index.php/2025/11/19/korea-sri-lanka-investment-facilitation-forum-bridging-korean-innovation-with-sri-lankan-growth/) - In a progressive step toward strengthening bilateral trade and investment cooperation, the Embassy of the Republic of Korea, in collaboration with the Board of Investment (BOI) of Sri Lanka and the Korean Businessmen’s Association, hosted the “Korea–Sri Lanka Investment Facilitation Forum” on 14th November 2025 at Courtyard by Marriott, Colombo. The forum was graced by Her Excellency Miyon Lee, the Ambassador of the
- [Visa and Commercial Bank are pioneering the next evolution in digital payments in Sri Lanka by enabling Google Pay for their cardholders](https://economictimes.lk/index.php/2025/11/19/visa-and-commercial-bank-are-pioneering-the-next-evolution-in-digital-payments-in-sri-lanka-by-enabling-google-pay-for-their-cardholders/) - Commercial Bank of Ceylon PLC is making history as the first bank in the country to collaborate with Google and Visa, a global leader in digital payments, to enable Google Pay for its cardholders as part of the Google Wallet launch. This is a defining moment for Sri Lanka's financial landscape, setting a new standard
- [Heritance Kandalama Awarded Silver at the 2025 ICRT Global Responsible Tourism Awards](https://economictimes.lk/index.php/2025/11/19/heritance-kandalama-awarded-silver-at-the-2025-icrt-global-responsible-tourism-awards/) - Heritance Kandalama has once again brought pride to Sri Lanka’s hospitality industry, being recognised on the world stage at the 2025 International Centre for Responsible Tourism (ICRT) Global Responsible Tourism Awards. The iconic property, and the only Sri Lankan hotel to receive an award this year, was honoured with a Silver Global Responsible Tourism Award
- [ANIK launches Creative Gallery Hub ](https://economictimes.lk/index.php/2025/11/19/anik-launches-creative-gallery-hub/) - Strengthen Sri Lanka’s Creator Economy and Cultural Storytelling ANIK Gallery & Production House today announced the launch of its fully equipped creative facility in Greater Colombo, designed to support the growth of Sri Lanka’s creator economy through production services, training, and cultural education. The new hub features a high-tech digital soundproof studio, immersive mood-driven sets, and
- [Allianz Lanka Celebrates Outstanding Achievements at the Allianz Claims Excellence Awards 2024](https://economictimes.lk/index.php/2025/11/19/allianz-lanka-celebrates-outstanding-achievements-at-the-allianz-claims-excellence-awards-2024/) - Allianz Insurance Lanka Limited celebrated excellence, dedication, and professionalism at the Allianz Claims Excellence Awards 2024, held on 2nd October 2025 at The Grand Monarch. The event honored exceptional individuals and teams who consistently uphold Allianz’s promise of delivering superior claims service, demonstrating the company’s unwavering commitment to customer trust, service quality, and operational excellence. The awards
- [United Motors posts 2Q rebound as profits surge on stronger vehicle sales](https://economictimes.lk/index.php/2025/11/17/united-motors-posts-2q-rebound-as-profits-surge-on-stronger-vehicle-sales/) - United Motors Lanka PLC reported a strong second-quarter rebound, reinforcing its turnaround for the financial year, with Group profit rising to Rs. 1.09 billion, a 248 percent increase from the first quarter, supported by a sharp pickup in vehicle sales, stronger after-sales activity and improved supply-chain stability. Company profit surged 388 percent to Rs. 546
- [People’s Bank Officers’ Association conducts ‘Abhinandana Pranama’ and ‘Abhiman Gaurawa Sewa Upahara 2025’](https://economictimes.lk/index.php/2025/11/17/peoples-bank-officers-association-conducts-abhinandana-pranama-and-abhiman-gaurawa-sewa-upahara-2025/) - People’s Bank Officers’ Association conducted ‘Abhinandana Pranama 2025’, the academic excellence award ceremony, for the 23rd time at the People’s Tower, Colombo 02, recently. The event focused on recognising the outstanding educational achievements of members’ children and was held under the patronage of People’s Bank Chairman, Prof. Narada Fernando, and Chief Executive Officer/General Manager, Clive
- [Abans and Xiaomi unveil Sri Lanka’s first experiential smart tech village](https://economictimes.lk/index.php/2025/11/17/abans-and-xiaomi-unveil-sri-lankas-first-experiential-smart-tech-village/) - Abans PLC, in partnership with Xiaomi officially launched the ‘MI | AbansSmartverse’, the nation’s first-ever experiential smart tech village, at the Colombo City Centre from 12th till 16th November. The opening was graced by Xiaomi brand principals including the Xiaomi BNS Regional Manager Luther Liu, Country Head of Xiaomi Kain Wang and AIoT Head Vanessa
- [EDB and SLIM sign MOU for Sri Lanka Expo 2026](https://economictimes.lk/index.php/2025/11/17/edb-and-slim-sign-mou-for-sri-lanka-expo-2026/) - The Sri Lanka Export Development Board (EDB) and the Sri Lanka Institute of Marketing (SLIM) have recently signed a Memorandum of Understanding at the EDB head office to collaborate on organising the Sri Lanka Expo 2026, a premier international trade and investment promotional event in June 2026 at BMICH. The international exhibition is envisioned to
- [HNB FINANCE Posts Rs. 620 Million PAT, Up by 129% Year-on-Year during the First Half of the FY 2025/26](https://economictimes.lk/index.php/2025/11/17/hnb-finance-posts-rs-620-million-pat-up-by-129-year-on-year-during-the-first-half-of-the-fy-2025-26/) - Sri Lanka’s one of the leading integrated financial services providers, HNB FINANCE PLC, announced strong financial performance for the First Half of the financial year 2025/26, ended September 30, 2025, demonstrating continued resilience and growth amid a challenging economic landscape. The Company achieved a remarkable turnaround, recording a 129% year-on-year (YoY) increase in profit after
- [ICC Sri Lanka signs National Committee Partnership Agreement with ICC Academy in Singapore](https://economictimes.lk/index.php/2025/11/14/icc-sri-lanka-signs-national-committee-partnership-agreement-with-icc-academy-in-singapore/) - On the sidelines of the ICC Asia Pacific Regional Consultative Group (RCG) Meeting and the ICC Academy Supply Chain Finance Summit in Singapore, the International Chamber of Commerce (ICC) Sri Lanka signed a National Committee Partnership Agreement with the ICC Academy, the educational arm of the International Chamber of Commerce (ICC). This Agreement was formalised
- [Prima KottuMee Returns as Official Sponsor of Havelock Sports Club for 2025/26 Season](https://economictimes.lk/index.php/2025/11/14/prima-kottumee-returns-as-official-sponsor-of-havelock-sports-club-for-2025-26-season/) - Prima KottuMee has once again teamed up with Havelock Sports Club as an official sponsor for the 2025/26 rugby season. This marks many years of sporting partnership, reaffirming the brand’s commitment to elevate the sport by investing in national, professional and school levels of the game. The announcement came as Havelock Sports Club unveiled its
- [FAO helps Sri Lanka launch its first digital shrimp platform](https://economictimes.lk/index.php/2025/11/14/fao-helps-sri-lanka-launch-its-first-digital-shrimp-platform/) - A Shrimp Industry Information System that provides real-time data and analytics has been launched in Sri Lanka by the UN’s Food and Agriculture Organization, the Ministry of Fisheries and the National Aquaculture Development Authority, and funded by South Korea’s Ministry of Oceans and Fisheries. “The SIIS is more than a platform – it is an
- [Sri Lanka’s Galadari Hotel to reopen in 2026 2Q](https://economictimes.lk/index.php/2025/11/14/sri-lankas-galadari-hotel-to-reopen-in-2026-2q/) - Galadari Hotels (Lanka) PLC said it hopes to reopen its Colombo city hotel in the second quarter of 2026. The hotel has been closed for refurbishment. Last year Galadari Hotels entered into agreements with its parent, Dubai-based Galadari Brothers LLC and Mashreq Bank PSC to get a 73.4 million Dirham loan (20 million dollars) to fund the
- [Colombo 5 emerges as top-performing area in city’s property market](https://economictimes.lk/index.php/2025/11/14/colombo-5-emerges-as-top-performing-area-in-citys-property-market/) - The latest analysis of property market data, released by the Research Intelligence Unit (RIUNIT) up to the third quarter of 2025, reveals that Area 05 (Colombo 5) provides the strongest performance across the city’s property market.A key finding of this analysis is the robust recovery in Colombo apartment prices when measured in US dollars. While
- [Value Masters 2025 Grand Finale Crowns Sri Lanka’s Top Equity Valuation Talent](https://economictimes.lk/index.php/2025/11/13/value-masters-2025-grand-finale-crowns-sri-lankas-top-equity-valuation-talent/) - The Department of Finance, Faculty of Management Studies and Commerce, University of Sri Jayewardenepura, together with the Students’ Association of Finance, successfully concluded the Grand Finale of Value Masters 2025 at the university premises. Organized in collaboration with the CFA Society Sri Lanka and Acuity Knowledge Partners, the event marked another milestone in Sri Lanka’s
- [M&S shakes up fashion supply chain to spark online growth](https://economictimes.lk/index.php/2025/11/13/ms-shakes-up-fashion-supply-chain-to-spark-online-growth/) - Reuters - Marks & Spencer is revamping its supply chain from "factory to floor", the retailer's new fashion boss told Reuters, as it looks to double annual online non-food sales to nearly 3 billion pounds ($4 billion). John Lyttle, who joined M&S, opens new tab as managing director fashion, home and beauty in March, said the
- [Dynamic AV Technologies Partners with Naaya Group for a new Joint Venture for Advanced Acoustic Solutions in Sri Lanka](https://economictimes.lk/index.php/2025/11/13/dynamic-av-technologies-partners-with-naaya-group-for-a-new-joint-venture-for-advanced-acoustic-solutions-in-sri-lanka/) - Dynamic AV Technologies (Pvt) Ltd., Sri Lanka's premier audio-visual solutions provider and exclusive authorized partner of China's Naaya Group, successfully concluded two landmark acoustic workshops, marking a significant milestone in advancing architectural acoustic standards across Sri Lanka's construction industry. The strategic workshops, held at Cinnamon Life's Lumina Auditorium and the Sri Lanka Institute of Architects
- [United Motors Group posts Rs. 1.4 b profit after tax in first half, marking a sharp recovery driven by lifting of the vehicle import ban](https://economictimes.lk/index.php/2025/11/13/united-motors-group-posts-rs-1-4-b-profit-after-tax-in-first-half-marking-a-sharp-recovery-driven-by-lifting-of-the-vehicle-import-ban/) - United Motors Lanka PLC (UML) reported a strong resurgence in performance for the six months ended 30 September 2025, with the Group posting a profit of Rs. 1.41 billion compared to a loss of Rs. 119 million in the same period last year — a 1,287 percent increase. The Company’s profit rose sharply to Rs.
- [Lanka Coffee Association hosts 4th AGM](https://economictimes.lk/index.php/2025/11/12/lanka-coffee-association-hosts-4th-agm/) - The Lanka Coffee Association (LCA) held its fourth Annual General Meeting (AGM) yesterday at Waters’ Edge Hotel, Battaramulla. At the AGM, Helanta Coffee and Royalwin Ceylon International Founder and Managing Director Tharanga Muramudali was elected as the new Chairperson of the LCA, succeeding Colombo Coffee Company CEO Kushan Samararatne, who served two consecutive terms and
- [People’s Leasing & Finance unveils 111th branch in Eheliyagoda](https://economictimes.lk/index.php/2025/11/12/peoples-leasing-finance-unveils-111th-branch-in-eheliyagoda/) - People’s Leasing & Finance PLC (PLC), a leading non-bank financial institution and a subsidiary of People’s Bank in Sri Lanka, expanded its branch network by opening its 111th branch on November 4, 2025, at No. 44, Kelin Veediya, Eheliyagoda. The opening ceremony was graced by the presence of a distinguished gathering, including People’s Leasing Chairman
- [Aitken Spence Institute of Hotel Management hosts latest graduation ceremony](https://economictimes.lk/index.php/2025/11/12/aitken-spence-institute-of-hotel-management-hosts-latest-graduation-ceremony/) - The Aitken Spence Institute of Hotel Management held its latest graduation ceremony at Heritance Ahungalla, marking another milestone in its mission to develop skilled professionals for Sri Lanka’s hospitality industry. Established in 2007 as part of the company’s Corporate Social Responsibility (CSR) initiative, the institute operates with support from the TUI Care Foundation and World
- [Swiss Foundation gifts Azurion 3M12 Angiography Machine to Karapitiya Hospital](https://economictimes.lk/index.php/2025/11/12/swiss-foundation-gifts-azurion-3m12-angiography-machine-to-karapitiya-hospital/) - Marking a significant milestone in Sri Lanka’s medical history, a Philips Azurion 3M12 angiography machine has been donated by the Herz Clinic Foundation, Zurich, Switzerland, to the Teaching Hospital, Karapitiya. The process was completed in record time, thanks to the excellent cooperation of the Ministry of Health, Director General Dr. Asela Gunawardena, and his team,
- [Ambeon Group Reports Robust Q2 Performance with Sustained Profit Growth](https://economictimes.lk/index.php/2025/11/12/ambeon-group-reports-robust-q2-performance-with-sustained-profit-growth/) - Diversified portfolio, strategic foresight, and disciplined investment approach drives continued momentum Ambeon Capital PLC, the investment holding company of the Ambeon Group, reported a Profit After Tax (PAT) of LKR 3,820 million for the second quarter of the financial year 2025/26, reflecting a strong continuation of the positive trajectory established in Q1. The year-to-date PAT
- [Cinnamon Life Unveils a Month of Culinary Indulgence This November](https://economictimes.lk/index.php/2025/11/11/cinnamon-life-unveils-a-month-of-culinary-indulgence-this-november/) - An ensemble of world flavours — from coastal India to the heart of Japan, from tapas to afternoon tea — awaits this month at Colombo’s iconic lifestyle destination. Cinnamon Life at City of Dreams continues to elevate Colombo’s dining landscape this November with a curated selection of gastronomic experiences designed to delight every palate. From
- [BIA Opens 14 New Check-In Counters on Trial Basis](https://economictimes.lk/index.php/2025/11/11/bia-opens-14-new-check-in-counters-on-trial-basis/) - Airport and Aviation Services (Sri Lanka) (Private) Limited has announced the launch of 14 new check-in counters at the Bandaranaike International Airport (BIA), introduced on a trial basis on November 10, 2025. The new facility, constructed within just one month at the newly built marquee area, reflects the collaborative efforts of the Sri Lanka Tourism
- [Spa Ceylon Commits to Preserving Sri Lanka’s Endemic Orchids for Future Generations](https://economictimes.lk/index.php/2025/11/11/spa-ceylon-commits-to-preserving-sri-lankas-endemic-orchids-for-future-generations/) - Spa Ceylon, the world’s largest Luxury Ayurveda chain, announced its commitment to the conservation of Sri Lanka’s native and endemic orchids at the unveiling of Orchid Paradise, a three-day, multi-sensory immersive experience open to the public at the Colombo City Centre (CCC), from 7th to 9th November 2025. The unique sensory journey is an extension of Spa Ceylon’s limited-edition
- [Kangaroo Cabs turns every ride into a message of hope with its pink ribbon campaign](https://economictimes.lk/index.php/2025/11/11/kangaroo-cabs-turns-every-ride-into-a-message-of-hope-with-its-pink-ribbon-campaign/) - This October, Kangaroo Cabs turned everyday rides into a powerful movement for awareness. Throughout Breast Cancer Awareness Month, passengers stepping into Kangaroo Cabs were greeted by pink ribbons on the headrests, each paired with a QR code that led to a special page on the company’s website, sharing key information and reminders about the importance
- [Beyond Beautiful: COSMIC by Citrus Redefines Luxury Events & Evening Escapes](https://economictimes.lk/index.php/2025/11/11/beyond-beautiful-cosmic-by-citrus-redefines-luxury-events-evening-escapes/) - Experience the Pinnacle of Elegance and Sophistication in Every Moment Citrus Leisure proudly unveils COSMIC, an extraordinary new concept designed to elevate luxury events and evening escapes to unprecedented heights. Crafted for those with discerning tastes and an eye for refinement, COSMIC transcends the ordinary to create immersive experiences where beauty, elegance, and sophistication converge.
- [84 Tours Leads Global Push for Sri Lanka’s MICE Tourism in Strategic Alliance with Mimi Nicklin](https://economictimes.lk/index.php/2025/11/11/84-tours-leads-global-push-for-sri-lankas-mice-tourism-in-strategic-alliance-with-mimi-nicklin/) - 84 Tours is a destination management company in Sri Lanka, founded by a group of visionary friends born in 1984 with a shared mission to position the island as a premier global travel destination. With a strong focus on delivering curated travel experiences, the company operates primarily through a sophisticated digital platform that enables international
- [ABC Trade & Investments Pvt Ltd Commemorates 28 Years of Excellence and Strategic Diversification](https://economictimes.lk/index.php/2025/11/10/abc-trade-investments-pvt-ltd-commemorates-28-years-of-excellence-and-strategic-diversification/) - In 1997, when Sri Lanka’s ICT sector was still in its formative years, one determined entrepreneur, Mr. Amalrajah Jayaseelan, saw an opportunity. What started as a focused venture in networking solutions, storage media, and printer consumables quickly developed into one of the most trusted names in ICT distribution in the country. ABC Trade & Investments
- [DIMO Healthcare Partners with RAB to Strengthen Radiology Education in Sri Lanka](https://economictimes.lk/index.php/2025/11/10/dimo-healthcare-partners-with-rab-to-strengthen-radiology-education-in-sri-lanka/) - In a landmark initiative aimed at empowering Sri Lanka’s healthcare professionals with advanced radiology knowledge, DIMO Healthcare, the healthcare arm of DIMO, recently collaborated with the non-governmental organization Radiology Across Borders (RAB) to host a series of educational sessions on RAB VITAL Ultrasound Scanning. This marks the first time such specialized RAB-led training sessions have
- [Policybazaar expands global footprint with tech-led reinsurance entry into Sri Lanka](https://economictimes.lk/index.php/2025/11/07/policybazaar-expands-global-footprint-with-tech-led-reinsurance-entry-into-sri-lanka/) - Policybazaar.com, one of India's largest insurance platforms, has announced the launch of its reinsurance operations in Sri Lanka, Qatar, Oman, and the UAE. With this move, Policybazaar becomes one of the first India-based intermediaries to introduce a technology-driven reinsurance model across Asia and the Middle East, regions that are rapidly growing yet continue to face
- [Sunshine Holdings delivers robust performance in 1HFY26](https://economictimes.lk/index.php/2025/11/07/sunshine-holdings-delivers-robust-performance-in-1hfy26/) - Consolidated revenue of LKR 32.3 billion, up 7.4 % YoY Healthcare revenue up 7.4% YoY to LKR 17.3 billion Consumer revenue up 1.0% to LKR 9.8 billion Agribusiness recorded an impressive revenue of LKR 5.2 billion, up by 21.9% Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) continued to build on its strong start
- [MAS Secures Multiple Wins at the 2025 Presidential Environmental Awards](https://economictimes.lk/index.php/2025/11/07/mas-secures-multiple-wins-at-the-2025-presidential-environmental-awards/) - Global apparel-tech conglomerate MAS Holdings emerged as one of the most lauded organisations at the recently concluded Presidential Environmental Awards 2025, securing multiple honours across the apparel and textile sector. Organised by the Central Environmental Authority (CEA) under the patronage of His Excellency President Anura Kumara Dissanayake, the awards celebrate public and private institutions that
- [DarazMall Introduces Authenticity Guarantee Ahead of 11.11 to Elevate Brand Shopping Experience](https://economictimes.lk/index.php/2025/11/07/darazmall-introduces-authenticity-guarantee-ahead-of-11-11-to-elevate-brand-shopping-experience/) - The upgraded DarazMall experience brings Authenticity Guarantee with 3X cashback, exclusive brand deals, more reliable and faster delivery As South Asia’s first and only virtual mall, DarazMall has grown into the trusted online home for over 1,500 brands and millions of customers across the region. It features a wide range of local and international names
- [EDB and Import Promotion Desk Germany Conduct Workshop on Costing and Pricing to Strengthen SME Competitiveness in the EU Market](https://economictimes.lk/index.php/2025/11/07/edb-and-import-promotion-desk-germany-conduct-workshop-on-costing-and-pricing-to-strengthen-sme-competitiveness-in-the-eu-market/) - A one-day capacity development workshop on “Costing & Pricing for the Natural Ingredients Sector in the EU Market” was successfully held on 29th October 2025 at the Training Arena, 3rd Floor, DHPL Building, Colombo 02, jointly organized by the Sri Lanka Export Development Board (EDB) and the Import Promotion Desk (IPD) Germany. The programme was designed
- [Bitcoin’s Seventeenth Year: Convergence of Code, Capital, and Compliance](https://economictimes.lk/index.php/2025/11/04/bitcoins-seventeenth-year-convergence-of-code-capital-and-compliance/) - By SB Seker, Head of APAC, Binance The Bitcoin whitepaper, released on October 31st, 2008, outlined a peer-to-peer framework for transferring value without intermediaries. It was a technical proposal for achieving trust through computation rather than institutions, a design that combined cryptography, incentives, and distributed consensus to eliminate single points of failure. Seventeen years later,
- [Halal Council Wins Gold and Top Achiever Awards at the CNCI Achiever Awards 2025 Presented by CNCI and Ministry of Industry and Entrepreneurship Development](https://economictimes.lk/index.php/2025/11/04/halal-council-wins-gold-and-top-achiever-awards-at-the-cnci-achiever-awards-2025-presented-by-cnci-and-ministry-of-industry-and-entrepreneurship-development/) - The Halal Assessment Council (Guarantee) Limited (HAC) was recognized with two Gold Awards at the CNCI Achiever Awards 2025 for Industrial Excellence, organized by the Ceylon National Chamber of Industries (CNCI) in collaboration with the Ministry of Industry and Entrepreneurship Development. HAC received the Gold Award (National Level – Service Sector, Small Category) and the
- [Nations Trust Bank partners with Sri Lanka’s first FIA Formula 3 driver, YevanDavid](https://economictimes.lk/index.php/2025/10/30/nations-trust-bank-partners-with-sri-lankas-first-fia-formula-3-driver-yevandavid/) - Nations Trust Bank (NTB) has announced a landmark partnership with Yevan David, Sri Lanka’s first FIA Formula 3 motor racing driver, who has risen to prominence in the international sporting world with multiple victories in globally acclaimed sports races. Yevan is a racing prodigy who has already created waves in international motorsports. Currently driving for
- [Landmark Court Ruling Ensures Fair  Tourism Access for All Stakeholders  in Samanalawewa, Belihuloya](https://economictimes.lk/index.php/2025/10/30/landmark-court-ruling-ensures-fair-tourism-access-for-all-stakeholders-in-samanalawewa-belihuloya/) - Eco Team Group, pioneers of canoeing and kayaking in Samanalawewa and a leading name in sustainable and experiential tourism for over 25 years, has welcomed the recent court ruling that reinforces the principles of fairness, inclusivity, and transparency for all tourism operators. The decision marks a significant milestone for Sri Lanka’s tourism industry, safeguarding equitable
- [ITX360 Achieves ISO/IEC 27001:2022 Certification, Reinforcing Quality Information Security Standards](https://economictimes.lk/index.php/2025/10/30/itx360-achieves-iso-iec-270012022-certification-reinforcing-quality-information-security-standards/) - ITX360 (Pvt) Ltd has successfully achieved certification to ISO/IEC 27001:2022, the latest international standard for Information Security Management Systems (ISMS). This milestone follows the company’s earlier certification to ISO/IEC 27001:2013 in 2023 and reflects a continued commitment to global best practices in information security. The 2022 version of the standard introduces updated controls, a stronger
- [Pedal Sri Lanka 2025 – Riding for a Purpose](https://economictimes.lk/index.php/2025/10/29/pedal-sri-lanka-2025-riding-for-a-purpose/) - A journey powered by compassion, endurance, and purpose, Pedal Sri Lanka 2025 provided a welcome contrast to a world where travel frequently begins and ends with leisure. Eighteen cyclists, a mix of adventurers, medical professionals, and everyday enthusiasts, pedaled 460 kilometers across Sri Lanka’s heartland between August 18th and August 31st. For two weeks, they
- [DIMO Joins Forces with Young Racing Star Yevan David](https://economictimes.lk/index.php/2025/10/28/dimo-joins-forces-with-young-racing-star-yevan-david/) - With a shared mission to enhance Sri Lanka’s position on the global stage, leading diversified conglomerate DIMO and young racing prodigy Yevan David have forged a partnership that redefines the country’s path to the international motorsport arena. Yevan’s exposure to motor racing started at the tender age of six, when he went karting with his
- [Siemens together with DIMO, Powers National Grid with Sri Lanka’s Largest Grid Substation at Habarana](https://economictimes.lk/index.php/2025/10/21/siemens-together-with-dimo-powers-national-grid-with-sri-lankas-largest-grid-substation-at-habarana/) - Siemens together with DIMO announced the successful completion of Sri Lanka’s largest grid substation at Habarana, marking a significant milestone in strengthening the national electricity transmission network. Valued at over Rs. 5 billion, this landmark project underscores the strength of the 70-plus-year partnership between DIMO and Siemens, which has been instrumental in developing more than
- [ITX360 Secures ISO 9001:2015 and ISO 14001:2015 Certifications for the Second Consecutive Year](https://economictimes.lk/index.php/2025/10/20/itx360-secures-iso-90012015-and-iso-140012015-certifications-for-the-second-consecutive-year/) - ITX360 (Pvt) Ltd has once again achieved the internationally recognized ISO 9001:2015 (Quality Management System) and ISO 14001:2015 (Environmental Management System) certifications, marking its second consecutive year of compliance with these globally accepted standards. The certifications reflect ITX360’s continued focus on maintaining robust quality management processes while embedding environmentally responsible practices across its operations. The
- [Evolution Auto Delivers First Fleet of KYC Electric Vans to Sri Lankan Customers, Pioneering the Future of Sustainable Business Mobility](https://economictimes.lk/index.php/2025/10/20/evolution-auto-delivers-first-fleet-of-kyc-electric-vans-to-sri-lankan-customers-pioneering-the-future-of-sustainable-business-mobility/) - Evolution Auto (Pvt) Ltd has officially delivered the first fleet of KYC electric vans to Sri Lankan customers at a special handover ceremony held recently at the Evolution Auto Multi-Brand Aftersales Complex, situated in Peliyagoda adjoining the iconic Porsche showroom. This milestone signifies a new era where electric vehicles are not merely aspirational but also
- [Durdans Hospital Launches State-of-the-Art Vascular Clinic, Elevating Specialised Care in Sri Lanka](https://economictimes.lk/index.php/2025/10/16/durdans-hospital-launches-state-of-the-art-vascular-clinic-elevating-specialised-care-in-sri-lanka/) - Durdans Hospital, a trusted name in specialised healthcare for over 80 years, proudly announces the official opening of its advanced Vascular Clinic. This landmark initiative brings global standards of vascular care to Sri Lanka, enabling patients to access world-class treatment locally without the need to travel overseas. The new Vascular Clinic offers advanced diagnostics, minimally
- [Nations Trust Bank drives a cashless future at CBSL’s “Pay Digital” initiative in Dambulla](https://economictimes.lk/index.php/2025/10/15/nations-trust-bank-drives-a-cashless-future-at-cbsls-pay-digital-initiative-in-dambulla/) - Nations Trust Bank was an active partner in the Central Bank of Sri Lanka’s (CBSL) “Pay Digital” Initiative held in Dambulla recently, as a part of its commitment towards building an economy that drives cashless digital payments for economic progress. During the initiative, the Bank demonstrated a variety of digital solutions through an interactive stall,
- [Classic Destinations Becomes Sri Lanka’s First GSTC Sustainability Certified DMC](https://economictimes.lk/index.php/2025/10/15/classic-destinations-becomes-sri-lankas-first-gstc-sustainability-certified-dmc/) - Classic Destinations, the registered company of Classic Sri Lanka and Classic Wild, has achieved a historic milestone by becoming Sri Lanka’s first Destination Management Company (DMC) to receive the Global Sustainable Tourism Council (GSTC) Certification, the world’s leading standard for sustainable tourism. The GSTC sets and manages the global baseline standards for sustainability in travel
- [Reimagining Adventure for Everyday Life, DIMO Brings the All-New Jeep Wrangler and Gladiator to Sri Lanka](https://economictimes.lk/index.php/2025/10/13/reimagining-adventure-for-everyday-life-dimo-brings-the-all-new-jeep-wrangler-and-gladiator-to-sri-lanka/) - DIMO, the authorized distributor for Jeep in Sri Lanka, has officially introduced the all-new 2025 Jeep Wrangler and Jeep Gladiator, marking a new chapter for the legendary brand while delivering both adventure and everyday practicality to customers. The launch was celebrated through Legends Unleashed 2025, a three-day expedition that blurred the lines between product reveal
- [Autodesk Strengthens Commitment to Driving Innovation and Sustainability in Sri Lanka’s Construction Sector](https://economictimes.lk/index.php/2025/10/08/autodesk-strengthens-commitment-to-driving-innovation-and-sustainability-in-sri-lankas-construction-sector/) - Autodesk, together with its Value-Added Distributor Redington, recently hosted the Autodesk AEC Digital Construction Showcase Forum at Cinnamon Life, Colombo. Infrastructure authorities from the government and professionals working in Architecture, Engineering, and Construction (AEC) came together to explore how digital technologies are changing the future of construction in Sri Lanka. The forum's main takeaway was
- [M Power Capital Delivers Over LKR 53 Billion in Structured Finance Transactions Over Five Years](https://economictimes.lk/index.php/2025/10/08/m-power-capital-delivers-over-lkr-53-billion-in-structured-finance-transactions-over-five-years/) - M Power Capital Securities Limited (MSEC), a licensed investment manager, corporate finance advisor and a leading player in Sri Lanka’s capital markets, has facilitated over LKR 53 billion in structured finance transactions over the past five years, reinforcing its position as a premier debt arranger in the country’s financial sector. Having commenced operations in 2014,
- [Power World Gyms wins double at SLIM DIGIS 2.5 Awards 2025 for campaign excellence](https://economictimes.lk/index.php/2025/09/25/power-world-gyms-wins-double-at-slim-digis-2-5-awards-2025-for-campaign-excellence/) - Power World Gyms, with over three decades of experience in shaping Sri Lanka’s fitness industry, was recently recognized for its outstanding marketing campaign “Every 7 KM, Never Too Far from Being Fit.” The concept was inspired by Power World’s position as the largest gym network in Colombo and its suburbs. With gyms located within easy
- [Craft, Collaboration & Community: Selyn Foundation Presents “Craft to Empower” at Ramp Up 2025](https://economictimes.lk/index.php/2025/09/25/craft-collaboration-community-selyn-foundation-presents-craft-to-empower-at-ramp-up-2025/) - At Ramp Up 2025, hosted by the Women’s Chamber of Industry & Commerce Sri Lanka on September 9th at Hilton Colombo, the Selyn Foundation — the social impact arm of the Selyn brand — unveiled a collaboration with Sri Lanka’s Beeralu artisans through its flagship “Craft to Empower” program. The showcase highlighted not only fashion,
- [Nations Trust Bank American Express Cardmembers receive complimentary front row seats at Formula 1 in Singapore](https://economictimes.lk/index.php/2025/09/25/nations-trust-bank-american-express-cardmembers-receive-complimentary-front-row-seats-at-formula-1-in-singapore/) - Nations Trust Bank, the issuer and sole acquirer of American Express Cards in Sri Lanka, announced the winners of its Formula 1 “Get Closer to the Grid” initiative. The winners were rewarded with complimentary tickets to the Formula 1 – Singapore Grand Prix 2025, offering them exclusive front-row views from the Amex Sky Suite, a once-in-a-lifetime opportunity
- [First Capital and Hatch partner to launch ‘First Capital Startup Nation’](https://economictimes.lk/index.php/2025/09/24/first-capital-and-hatch-partner-to-launch-first-capital-startup-nation/) - A catalyst for Sri Lanka’s entrepreneurial future First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a pioneering full-service investment institution, has stepped forward as the title sponsor of First Capital Startup Nation by Hatch, a transformative programme that connects investors with Sri Lanka’s most promising startups. First Capital and Hatch share a
- [First Capital Holdings PLC’s Rs. 3Bn Debenture Issue oversubscribed on opening day](https://economictimes.lk/index.php/2025/09/24/first-capital-holdings-plcs-rs-3bn-debenture-issue-oversubscribed-on-opening-day/) - First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and Sri Lanka’s pioneering full-service investment institution, the debenture issue of Rs. 3.0Bn was open for subscription on 23rd September 2025, which was oversubscribed on the very same day. Rated A+ (Stable) by Lanka Rating Agency Limited, the issue reflects the company’s strong financial strength
- [Asia-Pacific advances agenda for living wages](https://economictimes.lk/index.php/2025/09/24/asia-pacific-advances-agenda-for-living-wages/) - Regional dialogue strengthens commitment to inclusive wage-setting aligned with ILO principles Colombo (ILO News) — The Asia-Pacific region can demonstrate that living wages are achievable through a systematic approach grounded in social dialogue and evidence-based wage systems, participants at a regional dialogue organized by the International Labour Organization (ILO) heard. Shaping the living wage agenda
- [ICF Colombo Chapter Announces the 2nd International Coaching ConferenceTheme: Humanity 5.0 – Unlocking a Human-First Future24th & 25th September 2025 | Cinnamon Life, Colombo, Sri Lanka](https://economictimes.lk/index.php/2025/09/24/icf-colombo-chapter-announces-the-2nd-international-coaching-conferencetheme-humanity-5-0-unlocking-a-human-first-future24th-25th-september-2025-cinnamon-life-colombo-sri-lanka/) - The International Coaching Federation (ICF) Colombo Chapter proudly announces the 2nd International Coaching Conference, to be held on 24th and 25th September 2025 at Cinnamon Life, City of Dreams, Colombo. This year’s conference theme, “Humanity 5.0 – Unlocking a Human-First Future,” addresses one of the defining challenges of our time: ensuring people remain at the
- [DIMO Care Camp and Mahindra Tractor Service Camps Empower Tractor Owners for Maha Season 2025](https://economictimes.lk/index.php/2025/09/22/dimo-care-camp-and-mahindra-tractor-service-camps-empower-tractor-owners-for-maha-season-2025/) - Supporting Sri Lanka’s farming communities in preparing for the Maha season, DIMO Agribusinesses successfully concluded its tractor service initiatives, the DIMO Care Camp and the Mahindra Tractor Service Camp series, drawing strong participation from tractor owners across the island. The DIMO Care Camp welcomed tractors of any brand or model, while the Mahindra Service Camp
- [First Capital strengthens employee engagement with Outbound Training Programme](https://economictimes.lk/index.php/2025/09/22/first-capital-strengthens-employee-engagement-with-outbound-training-programme/) - First Capital hosts Outbound Training to foster teamwork and skill development investment institution recently held its Outbound Training Programme on 30th August at Blue Water Hotel, Wadduwa, with the participation of over 100 employees. The programme was designed to strengthen teamwork, enhance employee engagement, and reinforce key learning outcomes. Through initiatives like these, First Capital
- [Janashakthi Finance triumphs at SLIM DIGIS 2.5 Awards 2025 with impactful ‘Tuk Campaign](https://economictimes.lk/index.php/2025/09/19/janashakthi-finance-triumphs-at-slim-digis-2-5-awards-2025-with-impactful-tuk-campaign/) - Janashakthi Finance PLC, formerly Orient Finance PLC and a subsidiary of JXG (Janashakthi Group), proudly announced its recognition at the prestigious SLIM DIGIS 2.5 Awards 2025. The wins reaffirm its position as a digitally driven, innovative, and customer-first financial solutions provider in Sri Lanka’s non-banking financial services sector. The company secured two Silver Awards at
- [First Capital makes splash as title sponsor of SwimAmerica Swimming Gala 2025](https://economictimes.lk/index.php/2025/09/18/first-capital-makes-splash-as-title-sponsor-of-swimamerica-swimming-gala-2025/) - stitution, is proud to announce its partnership as the title sponsor of the recently held SwimAmerica Swimming Gala 2025. Organised by Killer Whale Aquatics (KWA), the event brought together over 600 young athletes who competed across multiple disciplines. The competition saw Akitha Bandara emerge as Boys Champion and Wanditha Palapawala as Girls Champion. SwimAmerica, the
- [First Capital drives financial empowerment in Jaffna with expert-led investor awareness sessions](https://economictimes.lk/index.php/2025/09/18/first-capital-drives-financial-empowerment-in-jaffna-with-expert-led-investor-awareness-sessions/) - First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a pioneering full-service investment institution, successfully hosted a two-day event in Jaffna on 28th and 29th August 2025, aimed at educating the region on wealth creation and growth opportunities through capital markets. Conducted under the theme “Growing Wealth Through the Power of Capital Markets
- [Shaping the living wage agenda: Asia-Pacific’s call to action](https://economictimes.lk/index.php/2025/09/17/shaping-the-living-wage-agenda-asia-pacifics-call-to-action/) - Kaori Nakamura-Osaka, ILO Assistant Director-General and Regional Director for Asia and the Pacific Asia and the Pacific is home to the world’s largest workforce. In recent years, the region has demonstrated remarkable resilience, with real wages (inflation-adjusted pay) continuing to rise even as they declined in many other parts of the world. But this only
- [Janashakthi Life Rewards Top Achievers at Mid-Year Awards 2025](https://economictimes.lk/index.php/2025/09/15/janashakthi-life-rewards-top-achievers-at-mid-year-awards-2025/) - Janashakthi Life, a subsidiary of JXG (Janashakthi Group) celebrated the exceptional performance of its team at the Mid-Year Awards 2025 (Regular Business), held on 8th September 2025 at Jetwing Blue, Negombo. The event was graced by Mr. Chandra Schaffter, Founder and Chairman Emeritus of JXG (Janashakthi Group), alongside the company’s top management, as over 120
- [Janashakthi Life empowering communities at the Nallur Festival 2025](https://economictimes.lk/index.php/2025/09/15/janashakthi-life-empowering-communities-at-the-nallur-festival-2025/) - Janashakthi Life, a subsidiary of JXG (Janashakthi Group), actively engaged with over 5,000 households during Sri Lanka’s longest Hindu festival, the 25-day Nallur Festival at Nallur Kandaswamy Kovil. The team educated the community on insurance and provided employment opportunities, while evening games and gift distributions brought joy to devotees, reinforcing the company’s commitment to meaningful
- [First Capital shines as ‘Higher Representation of Women on the Board’ at Women Friendly Workplace Awards 2025](https://economictimes.lk/index.php/2025/09/15/first-capital-shines-as-higher-representation-of-women-on-the-board-at-women-friendly-workplace-awards-2025/) - First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a pioneering full-service investment institution, was recently recognised at the Satynmag Women Friendly Workplace Awards 2025, winning the prestigious title of “Higher Representation of Women on the Board.” The accolade is a significant milestone, reflecting the company’s steadfast commitment to fostering gender-balanced leadership and
- [DIMO Installs Sri Lanka’s First ICC-Compliant LED Floodlights for Stadiums](https://economictimes.lk/index.php/2025/09/15/dimo-installs-sri-lankas-first-icc-compliant-led-floodlights-for-stadiums/) - Reinforcing its leadership in sports infrastructure development, DIMO has successfully completed the installation of Sri Lanka’s first and second LED floodlighting systems at two of the country’s most iconic cricket stadiums. The first installation was completed at the Rangiri Dambulla International Cricket Stadium (RDICS) in 2023, followed by the second at the R. Premadasa International
- [Why Smart Regulation, Not Prohibition, Will Protect Sri Lanka's Youth By Jithendra Antonio](https://economictimes.lk/index.php/2025/09/10/why-smart-regulation-not-prohibition-will-protect-sri-lankas-youth-by-jithendra-antonio/) - The recent firestorm surrounding e-cigarette use among Sri Lanka's youth has ignited a critical policy debate in Sri Lanka. So, what's really at stake here? Protecting our youth is and must always remain a national priority. Yet, regulators and policymakers must resist knee-jerk prohibitionist responses, as any proposed solutions must be evidence-based, enforceable, and sustainable
- [Hayleys Aventura Launches ASCENT 2030: A New ESG Roadmap For Driving Sustainable Growth Through Industrial Innovation ](https://economictimes.lk/index.php/2025/09/03/hayleys-aventura-launches-ascent-2030-a-new-esg-roadmap-for-driving-sustainable-growth-through-industrial-innovation/) - Hayleys Aventura, the industrial solutions arm of the Hayleys Group, recently announced the launch of ASCENT, a comprehensive roadmap designed to embed environmental, social, and governance (ESG) principles across the Industry Inputs and Power & Energy sectors of the Group. By integrating ESG across subsidiaries including Hayleys Lifesciences (Pvt) Ltd., Haycolour (Pvt) Ltd., Hayleys Power
- [DIMO Agribusinesses announces LOVOL Harvester Pancha Maha Nidhanaya Winners](https://economictimes.lk/index.php/2025/09/08/dimo-agribusinesses-announces-lovol-harvester-pancha-maha-nidhanaya-winners/) - DIMO Agribusinesses announced the lucky winners of the LOVOL Harvester Pancha Maha Nidhanaya, who won five DIMO Batta lorries at the DIMO Agri Machinery Prestige Awards 2024/25, which was held to recognize their dealers recently. Accordingly, Mr. W. N. R. Fernando from Norochcholai, Mrs. D. M. Heenmanika from Dehiattakandiya, Mr. K. W. S. Shantha from
- [Janashakthi Finance PLC celebrates the heritage and culture of Nallur Festival 2025](https://economictimes.lk/index.php/2025/09/08/janashakthi-finance-plc-celebrates-the-heritage-and-culture-of-nallur-festival-2025/) - Janashakthi Finance PLC, formerly known as Orient Finance PLC and a subsidiary of JXG (Janashakthi Group), joined the people of Jaffna in celebrating the Nallur Festival 2025, one of Sri Lanka’s most revered cultural and religious events. This engagement was not about sponsorship but about honouring heritage and strengthening bonds with diverse communities. The Nallur
- [DIMO Unveils Flagship Tata Passenger Vehicle Showroom at Altair Colombo, Expands Nationwide Network](https://economictimes.lk/index.php/2025/09/01/dimo-unveils-flagship-tata-passenger-vehicle-showroom-at-altair-colombo-expands-nationwide-network/) - Marking a significant step in its expansion strategy, DIMO, the only authorized distributor for Tata Motors in Sri Lanka, unveiled its latest flagship Tata Passenger Vehicle (PV) showroom at Altair Colombo. The opening of this premium facility comes as part of DIMO’s efforts to expand its Tata showroom network in response to the overwhelming reception
- [Anka Technology Advances STEM Education by Shaping Young Minds Through Science and Psychology](https://economictimes.lk/index.php/2025/08/28/anka-technology-advances-stem-education-by-shaping-young-minds-through-science-and-psychology/) - In today’s fast-evolving digital world, education must go beyond textbooks, nurturing curiosity, creativity, and resilience in children. This is where STEM (Science, Technology, Engineering, and Mathematics) education steps in, not only as a means to prepare children for the future workforce but also as a powerful tool for cognitive and psychological development. The STEM Skills
- [Lakmal Jayarathne Appointed to the Board of M Power Capital Securities Limited](https://economictimes.lk/index.php/2025/08/21/lakmal-jayarathne-appointed-to-the-board-of-m-power-capital-securities-limited/) - M Power Capital Securities Limited (MSEC) is pleased to announce the appointment of its Chief Executive Officer Lakmal Jayarathne to the Board of Directors effective 01st August 2025. This appointment reflects the firm’s remarkable growth under his leadership and underscores the pivotal role he has played in guiding MSEC to new heights. Since assuming the role
- [Hayleys Energynet Powers Critical Infrastructure for a Leading FMCG with Sri Lanka’s First 300 kVA Riello UPS](https://economictimes.lk/index.php/2025/08/15/hayleys-energynet-powers-critical-infrastructure-for-a-leading-fmcg-with-sri-lankas-first-300-kva-riello-ups/) - Setting a new benchmark in industrial power resilience, Hayleys Energynet, a subsidiary of Hayleys Fentons Limited, has successfully deployed Riello’s first 300 kVA UPS system in Sri Lanka. This next-generation power continuity solution ensures uninterrupted operations in high-volume food production, establishing a new industry standard for critical infrastructure reliability. The project scope encompassed the complete
- [Janashakthi Finance PLC delivers LKR 60 Mn Net Profit for Q1 FY 2025/26 under new brand identity](https://economictimes.lk/index.php/2025/08/15/janashakthi-finance-plc-delivers-lkr-60-mn-net-profit-for-q1-fy-2025-26-under-new-brand-identity/) - In the wake of its strategic rebranding from Orient Finance PLC, Janashakthi Finance PLC, a subsidiary of JXG (Janashakthi Group) announced its financial results for the first quarter ended June 30, 2025, reporting a Net Profit After Tax (NPAT) of LKR 60 million. Net Operating Income surged to LKR 672 million for the quarter, a
- [Janashakthi Life, the fastest growing insurer outperforms industry again in Q2 with 61% New Business Growth and 70% Profit surge](https://economictimes.lk/index.php/2025/08/15/janashakthi-life-the-fastest-growing-insurer-outperforms-industry-again-in-q2-with-61-new-business-growth-and-70-profit-surge/) - Janashakthi Life has once again proven its mettle, delivering a stellar performance in Q2 2025 and solidifying its position as one of Sri Lanka’s fastest-growing life insurers. Building on the strong momentum established in the first quarter as the fastest growing insurance company, the company continues its upward trajectory with exceptional gains in profitability and
- [Diva partners with TOYOTA Lanka for ‘Diva Pawule Wasanawa’, creating value to Sri Lankan families](https://economictimes.lk/index.php/2025/08/14/diva-partners-with-toyota-lanka-for-diva-pawule-wasanawa-creating-value-to-sri-lankan-families/) - Diva, one of Sri Lanka’s leading laundry care brands, offered by Hemas Consumer Brands, recently entered into a historic partnership with global mobility giant TOYOTA Lanka, to launch the ‘Diva Pawule Wasanawa’ campaign. In celebration of over two decades of trust and innovation by Diva, the campaign reflects a shared vision of enriching Sri Lankan
- [Luxury Redefined: AVATR, XPeng, IM Motors, and RIDDARA Arrive in Sri Lanka to Challenge European Giants](https://economictimes.lk/index.php/2025/08/14/luxury-redefined-avatr-xpeng-im-motors-and-riddara-arrive-in-sri-lanka-to-challenge-european-giants/) - The Future of Luxury EVs Arrives in Sri Lanka to Rival European Giants Evolution Auto (Pvt) Ltd, Sri Lanka’s leading electric vehicle company with the largest range of EVs, has officially launched a fleet of globally acclaimed premium smart electric vehicle (EV) brands—AVATR, IM Motors, XPeng, and RIDDARA—marking a bold new chapter in the country’s
- [A Gentle Step Towards the Wild: Shangri-La Reaffirms Its Commitment to Sri Lanka’s Wildlife with the Adoption of Baby Elephant El-la](https://economictimes.lk/index.php/2025/08/14/a-gentle-step-towards-the-wild-shangri-la-reaffirms-its-commitment-to-sri-lankas-wildlife-with-the-adoption-of-baby-elephant-el-la/) - Shangri-La Colombo and Shangri-La Hambantota have reaffirmed their long-standing commitment to sustainability, biodiversity, and meaningful local partnerships through the adoption of a baby elephant—affectionately named El-la (‘El’ for elephant + ‘La’ for Shangri-La)—in collaboration with the Elephant Transit Home (ETH) in Udawalawe, Sri Lanka. Sri Lanka is home to approximately 4,000 wild elephants, a number
- [First Capital Holdings PLC reports robust Q1 FY2025/26 performance with Rs. 2.15Bn Profit after Tax](https://economictimes.lk/index.php/2025/08/13/first-capital-holdings-plc-reports-robust-q1-fy2025-26-performance-with-rs-2-15bn-profit-after-tax/) - First Capital Holdings PLC (the Group), a subsidiary of JXG (Janashakthi Group) and a pioneering full-service investment institution, announced its financial results for the first quarter ended 30 June 2025, reporting a Profit after Tax (PAT) of Rs. 2.15Bn, a substantial increase from Rs. 582Mn recorded in the corresponding period of the previous year. This
- [Toyota Lanka Hosts Regional Product Exposium 2025](https://economictimes.lk/index.php/2025/08/12/toyota-lanka-hosts-regional-product-exposium-2025/) - Toyota Lanka (Pvt) Ltd., the authorized distributor of brand-new Toyota vehicles and a leading name in the automotive industry, successfully hosted the Toyota Regional Product Exposium 2025 at its Head Office in Wattala. The event brought together over 20 participants from Toyota Motor Asia, Toyota Tsusho Asia Pacific – Singapore, Toyota Cambodia, Toyota Laos, Toyota
- [Lanka Rating Agency upgrades First Capital Holdings PLC to ‘A+’](https://economictimes.lk/index.php/2025/08/12/lanka-rating-agency-upgrades-first-capital-holdings-plc-to-a/) - A testament to market strength, strategic leadership, and national financial progress First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a pioneering full-service investment institution, and Lanka Rating Agency Ltd (LRA), an independent credit rating authority of Sri Lanka, are pleased to announce the upgrade of the company’s long-term credit rating to ‘A+’
- [Inqbaytor Becomes First Certified Turkish Airlines NDC Aggregator in Sri Lanka](https://economictimes.lk/index.php/2025/08/12/inqbaytor-becomes-first-certified-turkish-airlines-ndc-aggregator-in-sri-lanka/) - Inqbaytor Technologies, a leading travel technology company, recently announced its certification as the first Turkish Airlines Direct NDC API aggregator in Sri Lanka. This groundbreaking recognition marks a significant milestone not only for Inqbaytor Technologies but also for the broader travel ecosystem in Sri Lanka and the region. Travel companies can now access and incorporate
- [DIMO and BoC Partner to Drive Mobility and Economic Inclusion](https://economictimes.lk/index.php/2025/08/04/dimo-and-boc-partner-to-drive-mobility-and-economic-inclusion/) - DIMO, the authority in automotive excellence for over 85 years, has partnered with the Bank of Ceylon (BoC), the nation’s most trusted state-owned bank, to offer state-of-the-art leasing solutions for a wide range of world-class vehicles, including Mercedes-Benz, Jeep, and Tata, within easier reach for all Sri Lankans. The partnership is poised to redefine access
- [Janashakthi Finance Celebrates 44 Years of Progress and Purpose](https://economictimes.lk/index.php/2025/07/24/janashakthi-finance-celebrates-44-years-of-progress-and-purpose/) - Janashakthi Finance PLC (formerly known as Orient Finance PLC), a subsidiary of JXG (Janashakthi Group), proudly celebrates its 44th anniversary, marking more than four decades of commitment to empowering Sri Lankans through innovative and inclusive financial solutions. From its humble beginnings to becoming a dynamic and trusted player in the country’s non-banking financial institution (NBFI)
- [UK-Based Global Banking & Finance Awards® 2025 Recognises Janashakthi Life for Digital Transformation in Sri Lanka  ](https://economictimes.lk/index.php/2025/07/22/uk-based-global-banking-finance-awards-2025-recognises-janashakthi-life-for-digital-transformation-in-sri-lanka/) - Janashakthi Life, Sri Lanka’s fastest-growing life insurance provider in the first quarter of 2025 and a subsidiary of JXG (Janashakthi Group) has been named the Best Life Insurance Company for Digital Transformation – Sri Lanka 2025 by the prestigious UK Based Global Banking & Finance Awards®, a recognition that reinforces the company’s leadership in digital
- [Janashakthi Life empowers young imaginations as ‘Nidahas Adahas’ Art Competition approaches 20,000 entries](https://economictimes.lk/index.php/2025/07/22/janashakthi-life-empowers-young-imaginations-as-nidahas-adahas-art-competition-approaches-20000-entries/) - Janashakthi Life, a subsidiary of JXG (Janashakthi Group), proudly marks a significant milestone as it hosts the ‘Nidahas Adahas’ Art Competition for the 3rd consecutive year, drawing close to 20,000 entries and showcasing the vibrant creativity of Sri Lanka’s youngest generation. The competition, open to two age categories, ages 3–5 and 5–10 encourages children to
- [AIA Insurance & PodHub highlight Noeline Pereira’s journey to authentic well-being](https://economictimes.lk/index.php/2025/07/22/aia-insurance-podhub-highlight-noeline-pereiras-journey-to-authentic-well-being/) - The 4th instalment of PodHub and AIA Insurance’s compelling four-part ‘Rethink Healthy’ podcast series featured Noeline Pereira, the founder of the vastly successful ‘Noeline’s’ salon chain. Her story and philosophy truly epitomise the campaign’s core message. Noeline is much more than a mere businesswoman, she is an advocate for wellness who embodies balance, discipline and
- [CMTA appoints Andrew Perera as Chairman at 105th AGM](https://economictimes.lk/index.php/2025/07/21/cmta-appoints-andrew-perera-as-chairman-at-105th-agm/) - The Ceylon Motor Traders’ Association (CMTA), one of South Asia’s oldest automotive associations, recently hosted its 105th Annual General Meeting (AGM), at Hilton Residencies, Colombo. The event, which was attended by distinguished stakeholders from across the automative industry, and Chief Guest and Keynote Speaker, Mr. Bingumal Thewarathanthri, Vice Chairman of the Ceylon Chamber of Commerce. Mr.
- [DIMO Mega Fiesta 2025 Enhances Regional Transport Resilience in Jaffna](https://economictimes.lk/index.php/2025/07/21/dimo-mega-fiesta-2025-enhances-regional-transport-resilience-in-jaffna/) - DIMO, the authorized general distributor for Tata vehicles in Sri Lanka, reaffirmed its commitment to strengthening regional transportation through the successful execution of DIMO Mega Fiesta – Jaffna 2025, a comprehensive after-sales campaign for Tata commercial vehicles. Held from 24th to 28th June at the DIMO Jaffna branch, this large-scale campaign focused on uplifting after-sales
- [Homegrown Leadership, Reflecting Belluna’s Future-Focused Vision](https://economictimes.lk/index.php/2025/07/17/homegrown-leadership-reflecting-bellunas-future-focused-vision/) - Granbell Hotel Colombo, a flagship property of Belluna Lanka, the Sri Lankan arm of Belluna Co. Ltd., Japan is pleased to announce the appointment of Mr. Shehan Safraz as its General Manager. A leader whose journey within Belluna Lanka reflects what’s possible when talent is nurtured and given space to grow. Shehan has been part
- [CEO 3.0: Paving the Way for Future Leaders](https://economictimes.lk/index.php/2025/07/11/ceo-3-0-paving-the-way-for-future-leaders/) - AIESEC in University of Kelaniya is set to host its flagship leadership forum, Challenge Every Opportunity (CEO 2025), on July 23, 2025 at the Main Auditorium of the University of Kelaniya. The event will bring together over 300 young leaders, from across the country for a day of insight, empowerment, and action. CEO 2025, now
- [ First Capital to Host Mid-Year Outlook Investor Forum 2025](https://economictimes.lk/index.php/2025/07/10/first-capital-to-host-mid-year-outlook-investor-forum-2025/) - First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a pioneering full-service investment institution, is proud to announce the First Capital Mid-Year Outlook Investor Forum 2025, a virtual event designed to provide investors and stakeholders with an in-depth analysis of Sri Lanka’s economic and investment prospects for the remainder of the year. Scheduled
- [Groundworth Introduces High-Value Residential & Commercial Plots – Urbanscape Kottawa](https://economictimes.lk/index.php/2025/07/08/groundworth-introduces-high-value-residential-commercial-plots-urbanscape-kottawa/) - Groundworth Partners, Sri Lanka’s trusted name in premium residential land development, proudly announces the official launch of its latest project – Urbanscape Kottawa, a strategically located residential and commercial land offering that guarantees high value, exceptional accessibility, and unmatched return on investment. With residential and commercial plots adjacent to a supermarket and near the Kottawa
- [China Unicom Beijing and Huawei Are Embracing the AI Revolution, Striding Towards Intelligent Era](https://economictimes.lk/index.php/2025/06/27/china-unicom-beijing-and-huawei-are-embracing-the-ai-revolution-striding-towards-intelligent-era/) - At Mobile World Congress (MWC) Shanghai 2025, Yang Lifan, Deputy General Manager of China Unicom Beijing, delivered a speech titled "Are We Ready for AI?" and jointly released Smart Operation Network 2.0 with Huawei at the 5G-A Industry Roundtable. The speech highlighted the unprecedented growth of data driven by artificial intelligence (AI), which is making
- [MTU and DIMO geared to transform Marine and General Engineering Sectors in Sri Lanka and Maldives](https://economictimes.lk/index.php/2025/06/23/mtu-and-dimo-geared-to-transform-marine-and-general-engineering-sectors-in-sri-lanka-and-maldives/) - MTU – a global leader in high-performance propulsion and power systems – together with its authorized representative in Sri Lanka and the Maldives, DIMO, is poised to transform the Marine and General Engineering sectors with cutting-edge solutions while solidifying their presence in the region. As the sole Authorized Dealer for MTU in Sri Lanka and
- [Durdans Hospital Launches 'Revive by Durdans' – Sri Lanka's First Premium Multidisciplinary Wellness and Rehabilitation Centre](https://economictimes.lk/index.php/2025/06/12/durdans-hospital-launches-revive-by-durdans-sri-lankas-first-premium-multidisciplinary-wellness-and-rehabilitation-centre/) - Durdans Hospital has officially unveiled Revive by Durdans, Sri Lanka’s first premium multidisciplinary wellness and rehabilitation centre—marking a new era of personalised recovery, cutting-edge therapy, and comprehensive wellbeing. This launch represents a pivotal moment in the nation’s healthcare evolution, providing Sri Lankans with access to world-class rehabilitation services in a single location, guided by a
- [DIMO Strengthens Vocational Education with New State-of-the-Art DATS Facility in Peliyagoda](https://economictimes.lk/index.php/2025/06/12/dimo-strengthens-vocational-education-with-new-state-of-the-art-dats-facility-in-peliyagoda/) - DIMO, one of Sri Lanka’s leading diversified conglomerates, is proud to announce the relocation of its new DIMO Academy for Technical Skills (DATS) facility in Peliyagoda. This marks a transformative step in the company’s ongoing commitment to enhancing vocational education and fostering globally competitive technical professionals in Sri Lanka. The new facility reflects DATS’ legacy
- [Evolution Auto Launches Test Drive Campaign for Sri Lanka’s First-Ever Performance Lifestyle Vehicle (PLV) – Geely Riddara RD6](https://economictimes.lk/index.php/2025/06/12/evolution-auto-launches-test-drive-campaign-for-sri-lankas-first-ever-performance-lifestyle-vehicle-plv-geely-riddara-rd6/) - Experience the future of driving with a revolutionary EV built for the bold. Evolution Auto (Pvt) Ltd, the nation's leading electric vehicle company with the largest range of EVs, recently announced the official launch of its much-anticipated test drive campaign for Riddara, Sri Lanka’s first-ever Performance Lifestyle Vehicle (PLV). Through a unique fusion of
- [TEDxColombo 2025 Brings ‘MADness’ to Life -A Stage for the Bold, the Brave, and the Brilliantly Unreasonable](https://economictimes.lk/index.php/2025/06/04/tedxcolombo-2025-brings-madness-to-life-a-stage-for-the-bold-the-brave-and-the-brilliantly-unreasonable/) - What once seemed absurd now shapes the future. That spirit was alive and electric at TEDxColombo 2025, which returned for its milestone 15th edition on Sunday, June 1st, filling the iconic Nelum Pokuna Theatre with over 900 attendees and one compelling idea: ‘MADness.’ This year’s theme wasn’t chaos for its own sake. It was a
- [BSides Sri Lanka 2025 Celebrates a Breakthrough Cybersecurity Gathering in Colombo](https://economictimes.lk/index.php/2025/06/03/bsides-sri-lanka-2025-celebrates-a-breakthrough-cybersecurity-gathering-in-colombo/) - Over 280 individuals — from red teamers and DevSecOps specialists to corporate executives, researchers, policymakers, and students — came together for a landmark moment in Sri Lanka’s cybersecurity journey: the inaugural BSides Sri Lanka conference. As the country’s first chapter of the global Security BSides movement, this wasn’t just another tech event. It was a
- [Thriller at Reid Avenue: ONHC Stun RCHC in Andriesz Shield Opener Despite Pakistani Star Power   ](https://economictimes.lk/index.php/2025/06/03/thriller-at-reid-avenue-onhc-stun-rchc-in-andriesz-shield-opener-despite-pakistani-star-power/) - If Sunday night’s electric clash at the Colombo International Hockey Arena is any indication, the 2025 Andriesz Shield will be a season unlike any other. In a match that blended international star power, homegrown grit, and an underdog narrative worthy of folklore, Old Nalanda Hockey Club (ONHC) delivered a thunderous statement by toppling the heavily
- [Acuity Knowledge Partners once again honoured among Top 25 employers of CFA Charterholders and candidates](https://economictimes.lk/index.php/2025/06/03/acuity-knowledge-partners-once-again-honoured-among-top-25-employers-of-cfa-charterholders-and-candidates/) - Acuity Knowledge Partners was recently recognised among the top 25 employers of CFA Charterholders and candidates in Sri Lanka at the second edition of the prestigious Employer Recognition Program. The recognition is a testament to the company’s commitment to talent growth and professional excellence within the financial services industry. Acuity was previously recognised among the
- [Janashakthi Finance Reports Robust Growth with 34% Increase in Assets for FY 2024/25](https://economictimes.lk/index.php/2025/06/03/janashakthi-finance-reports-robust-growth-with-34-increase-in-assets-for-fy-2024-25/) - Janashakthi Finance PLC (formerly known as Orient Finance PLC), an innovative and customer-focused non-banking financial institution and a subsidiary of JXG (Janashakthi Group), announced a strong financial performance for the financial year 2024/25, achieving notable growth across key indicators despite ongoing market challenges. The company reported a 34% growth in total assets, reaching LKR 27.4
- [Siam House Celebrates 32 Years as a Pioneer of Authentic Thai Cuisine](https://economictimes.lk/index.php/2025/05/29/siam-house-celebrates-32-years-as-a-pioneer-of-authentic-thai-cuisine/) - Siam House, a trailblazer in authentic Thai dining, proudly marks its 32nd anniversary—celebrating over three decades of bringing the rich flavors of Thailand to both local patrons and international visitors. As one of the first establishments to introduce Thai cuisine to Colombo, Sri Lanka, Siam House has earned a reputation for its consistency, excellence, and
- [Child Action Lanka Launches the Child Rights Council – 2025](https://economictimes.lk/index.php/2025/05/26/child-action-lanka-launches-the-child-rights-council-2025/) - In a landmark initiative for child advocacy in Sri Lanka, Child Action Lanka (CAL) hosted the nation's first Child Rights Council on April 5-6, 2025, at Gateway College, Colombo. CRC represents a crucial platform for children's participation, moving beyond traditional top-down interventions to amplify “disadvantaged children's voices” and agency in creating social change. By providing
- [Swisstek Strengthens Community Impact with Vidyartha Rugby Development Camp at Mahiyanganaya      ](https://economictimes.lk/index.php/2025/05/26/swisstek-strengthens-community-impact-with-vidyartha-rugby-development-camp-at-mahiyanganaya/) - Empowering the Next Generation through Sport and Community Engagement Swisstek Ceylon PLC, Sri Lanka’s trusted name in fixing, finishing, and beautification in the construction industry, extended its impactful partnership with Vidyartha College Rugby by organizing the inaugural "Swisstek Perfect Spark Mentoring Camp" - a grassroots rugby development initiative recently at the Mahiyangana Public Ground.
- [IWS Logistics Boosts Efficiency and Sustainability with KALMAR DCU80 from DIMO](https://economictimes.lk/index.php/2025/05/20/iws-logistics-boosts-efficiency-and-sustainability-with-kalmar-dcu80-from-dimo/) - DIMO, a leading diversified conglomerate in Sri Lanka and the authorized distributor for KALMAR equipment in the country, recently delivered the state-of-the-art KALMAR DCU80 Empty Container Handler (ECH) to IWS Logistics (Private) Limited, one of Sri Lanka’s premier private container depot operators. This delivery reflects DIMO's expanding presence in the country's container handling and logistics
- [LIBA to launch first ever online business advisory service](https://economictimes.lk/index.php/2025/05/05/liba-to-launch-first-ever-online-business-advisory-service/) - Lanka India Business Association (LIBA) announced that it will launch the first-ever online business advisory service that will connect business advisors in India directly to businesses in Sri Lanka (members of LIBA). One of the most pressing challenges in today’s business landscape is gaining access to the right network. Many business leaders and entrepreneurs struggle
- [DIMO Pioneers Major Fleet Expansion with Tata SIGNA Prime Movers for ILM](https://economictimes.lk/index.php/2025/04/30/dimo-pioneers-major-fleet-expansion-with-tata-signa-prime-movers-for-ilm/) - DIMO, the sole authorized general distributor of Tata Motors in Sri Lanka, has successfully completed the first large-scale fleet acquisition of Tata SIGNA Prime Movers to International Logistics & Movers (Pvt) Ltd (ILM), solidifying its position as the authority in Automotive Excellence for more than 85 years. Following the market’s reopening for vehicle imports, this
- [Orient Finance Supports Sri Lanka’s Three-Wheel Drivers with New Tuk Leasing Plan](https://economictimes.lk/index.php/2025/04/29/orient-finance-supports-sri-lankas-three-wheel-drivers-with-new-tuk-leasing-plan/) - Three-wheelers, or tuk-tuks, are a vital part of Sri Lanka’s transport landscape, providing millions with affordable and efficient mobility each day. Behind the wheel of each tuk-tuk is a dedicated driver—someone who works tirelessly to support their family, often under challenging financial circumstances. As the nation continues to navigate economic difficulties, these drivers are under
- [Belluna Lanka: A Decade of Investment, A Thoughtful Future for Sri Lanka](https://economictimes.lk/index.php/2025/04/25/belluna-lanka-a-decade-of-investment-a-thoughtful-future-for-sri-lanka/) - Now functioning as an independent entity in Sri Lanka, Belluna Lanka is upholding its long-term dedication to growth and investment in the country. As a fully owned subsidiary of Belluna Co. Ltd., Japan, a company with over 50 years of global experience in various industries and listed on the Tokyo Stock Exchange, Belluna Lanka benefits
- [First Capital Expands 'FinPowerHer' Programme to Strengthen Women's Financial Literacy and Investment Skills](https://economictimes.lk/index.php/2025/04/24/first-capital-expands-finpowerher-programme-to-strengthen-womens-financial-literacy-and-investment-skills/) - First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) has once again launched its signature financial literacy campaign, #FinPowerHer, for the second consecutive year. The initiative is designed to empower women across Sri Lanka by equipping them with the financial knowledge and tools needed to achieve independence and long-term financial security. First Capital Holdings
- [Toyota Lanka Hosts High-Level Delegation from Toyota Tsusho Corporation](https://economictimes.lk/index.php/2025/04/23/toyota-lanka-hosts-high-level-delegation-from-toyota-tsusho-corporation/) - Toyota Lanka (Pvt) Ltd recently had the special honor of hosting distinguished executives from Toyota Tsusho Corporation (TTC). Mr. Atsuhiro Okamoto (The former president of Toyota Motor Corporation Philippines), Senior Project General Manager, Ms. Wakana Takagishi, Project General Manager of the Mobility Planning Department, and Mr. Nobuhiko Murakami, Chairman of TTC, were among the delegation
- [First Capital Treasuries PLC to Strengthen Capital with Rs. 3Bn Issue](https://economictimes.lk/index.php/2025/04/21/first-capital-treasuries-plc-to-strengthen-capital-with-rs-3bn-issue/) - First Capital Treasuries PLC, the Primary Dealer arm and a subsidiary of First Capital Holdings PLC, has announced its intention to issue Listed, Rated, Subordinated, Unsecured, Redeemable Debentures amounting to Rs. 3 billion, with a maturity period of five years. The primary purpose of the proposed Debenture Issue is to optimize capital through the enhancement
- [CMTA and SIAM Engage in insightful discussions on the automotive industry](https://economictimes.lk/index.php/2025/04/02/cmta-and-siam-engage-in-insightful-discussions-on-the-automotive-industry/) - The Ceylon Motor Traders’ Association (CMTA), established in 1919 and an affiliate of the Ceylon Chamber of Commerce, recently hosted the visiting delegation from the Society of Indian Automobile Manufacturers (SIAM) to an evening of insightful discussions and fellowship at the Union Ballroom at the Hilton Colombo Residencies. The event, which was attended by esteemed
- [Nissan Motor India to Launch Two New Products Starting FY25- the 5-seater C-SUV & an All-New 7-seater B-MPV](https://economictimes.lk/index.php/2025/04/01/nissan-motor-india-to-launch-two-new-products-starting-fy25-the-5-seater-c-suv-an-all-new-7-seater-b-mpv/) - •Nissan Motor India adds an all-new 7-seater B-MPV to the Indian product portfolio complementing the future line-up already announced with the 2 C-SUVs (5 & 7-seater), the affordable EV, the New Nissan Magnite and the Nissan X-TRAIL •The bold new 5-Seater C-SUV’s exterior design is inspired by the All-New Nissan Patrol, catering to the most
- [Sri Lanka, Sinopec sign agreement for USD 3.7 bln investment in oil refinery](https://economictimes.lk/index.php/2025/01/16/sri-lanka-sinopec-sign-agreement-for-usd-3-7-bln-investment-in-oil-refinery/) - Sri Lanka has signed an agreement with Sinopec, which will see the Chinese international petroleum corporation invest 3.7 billion dollars in a state-of-the-art oil refinery with a capacity of 200,000 barrels, constructed in Hambantota. A substantial portion of the refinery’s output is planned for export, further enhancing the nation’s foreign exchange earnings, Minister of Transport,
- [President Anura Kumara – Meets the Chinese President](https://economictimes.lk/index.php/2025/01/16/president-anura-kumara-meets-the-chinese-president/) - The official meeting between Sri Lankan President Anura Kumara Dissanayake and Chinese President Xi Jinping was held at the Chinese People’s Hall. A very proud welcome ceremony was organized with a parade, and the Chinese President welcomed President Anura Kumara Dissanayake, and after a cordial conversation between the leaders of the two countries, bilateral discussions
- [US $ 185.6 million from the tourism trade](https://economictimes.lk/index.php/2024/11/12/us-185-6-million-from-the-tourism-trade/) - In October 2024, Sri Lanka's tourism industry brought in US$185.6 million, which was more than itwas a month and a year earlier. Strong arrivals, which seem to have been less affected by travel advisories issued by several nations,primarily the United States, regarding the possible attack targeting Israelis in the popular tourist destination of Arugam Bay on the Eastern coast, helped to reinforce this. In October, Sri Lanka attracted 135,907 visitors, which was up from 109,199 in the same month a year ago and 122,140 arrivals in September 2024. The October arrivals brought the cumulative arrivals to 1,620,715. The country targets 2.3 million arrivals in 2024 and expects to earn between US $ 3.0 billion and US
- [Link Natural’s Swastha Amurtha Now Available on Costco Japan’s Online Platform](https://economictimes.lk/index.php/2024/09/10/link-naturals-swastha-amurtha-now-available-on-costco-japans-online-platform/) - Link Natural Products, a pioneer in herbal health care industry, is proud to announce that its flagship herbal drink, Swastha Amurtha, is now available on Costco Online in Japan. This significant milestone marks a major expansion of the brand’s global presence. Swastha Amurtha, a 100% natural herbal drink, is formulated with Nelli and Rasakinda. The
- [Groups with vested interests, sabotaging renewable energy projects?](https://economictimes.lk/index.php/2024/06/05/groups-with-vested-interests-sabotaging-renewable-energy-projects/) - The National Environmental Caucus, led by Ven. Pahiyangala Ananda Sagara Thero, recently handed over a report to the Chairman of the Sri Lanka Sustainable Energy Authority (SLSEA). In this report, they emphasize that Sri Lanka, endowed with plentiful sunlight, biomass, wind, and hydro resources, possesses significant potential for generating renewable power. The country’s geographic location

## Pages

- [Laugfs gas prices increased](https://economictimes.lk/index.php/laugfs-gas-prices-increased/) - Laugfs has decided to increase the prices of gas cylinders, sources said. Accordingly, the price of 12.5kg domestic gas cylinder has been increased by Rs. 1,359 to reach a record high of Rs. 4,199. The price of 5kg gas cylinder too has been increased by Rs.599 while the new price is Rs. 1680. Image source
- [Huawei launches ANC powered FreeBuds 4i and new fitness companion Band 6 in Sri Lanka](https://economictimes.lk/index.php/huawei-launches-anc-powered-freebuds-4i-and-new-fitness-companion-band-6-in-sri-lanka/) - Synonymous with innovation, the leading technology solutions provider Huawei recently launched two new products in Sri Lanka- Huawei FreeBuds 4i and Huawei Band 6, further expanding its most exciting wearables and wireless earphones range. The long awaited release of Huawei FreeBuds 4i and Huawei Band 6 Huawei’s audio and fitness solutions, which have over the
- [Huawei rings in special Avurudu gifts for NOVA fans](https://economictimes.lk/index.php/huawei-rings-in-special-avurudu-gifts-for-nova-fans/) - Free Bluetooth speaker and splendid gift pack when purchasing Huawei Nova 7 SE, Nova 7i With New Year is just around the corner, Huawei is offering seasonal gifts to its loyal customers who are eagerly waiting for the dawn of the much awaited time of joy and happiness. Whilst sharing wishes for a joyful, healthy,
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