Sancharaka Udawa kicks off in Colombo

The tourism sector came under spotlight yesterday, with the launch of ‘Sancharaka Udawa’ in Colombo. The Sri Lanka Inbound Tour Operators Association spearheaded the event.

Kaspersky identifies new SilverFox campaign targeting Indian and Indonesian companies

The APT campaign involved disguising malicious files as documents related to tax violations. Upon infection, the attackers could gain remote access to the affected devices and exfiltrate sensitive organisational data.

NDB board and auditors face derivative action over Rs.13.2bn fraud

​National Development Bank PLC (NDB) has formally announced that a minority shareholder has filed a derivative action against the bank, its board of directors and its external auditors, over a massive internal fraud.

SL rubber industry’s 150-year milestone overshadowed by steep output decline

Sri Lanka proposes tougher action against tax defaulters

Sri Lanka is set to strengthen enforcement of its tax laws through proposed amendments that would allow authorities to prosecute taxpayers who fail to register, file returns or respond to official notices, tax experts said.

Cargills Bank reports weaker March quarter as other income slumps

Cargills Bank PLC reported a significant drop in quarterly earnings for the three months ended March 2026, as a steep decline in investment-related income offset stronger core banking performance driven by loan growth and wider interest margins.

HNB March quarter profit weighed by higher provisions, trading losses

Hatton National Bank PLC provided substantially higher provisions for possible loan losses in the three months ended in March 2026 due to fears of the deteriorating economic conditions from the Iran war fallout that could weaken their borrower profiles.

FITIS re-elects Dr. Dayan Rajapakse as Chairman

The Federation of Information Technology Industry Sri Lanka (FITIS) successfully concluded its Annual General Meeting recently, reaffirming its commitment to driving the nation’s technological advancement.

Sysco reports strong 3Q FY2026 results

Sysco Corporation has reported strong financial results for the third quarter of fiscal year 2026, recording total sales of US $ 20.5 billion for the 13 weeks ended March 28, 2026, reflecting a 4.7 percent increase year-on-year (YoY).

CMA launches Sri Lanka Cost Accounting Standards

The Institute of Certified Management Accountants of Sri Lanka (CMA Sri Lanka) is set to mark a significant milestone in the country’s professional and economic landscape with the official launch of the Cost Accounting Standards of Sri Lanka.

AIA secures top honours at CLA Great Manager Awards 2025

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 CLA Great Manager Awards 2025, presented by the Colombo Leadership Academy (CLA).

Smart Quest marks 20 years of transforming Sri Lanka’s leaders

As the world marks ICF International Coaching Week 2026, Smart Quest Coaching & Consulting (Pvt.) Ltd is celebrating 20 years of contribution to leadership development, professional coaching and organisational capability building in Sri Lanka.

Vidullanka acquires 49% stake in Storex to expand into BESS sector

Vidullanka has entered Sri Lanka’s emerging battery energy storage systems (BESS) sector through a strategic investment in Storex (Pvt.) Limited, committing around Rs.2 billion for a 49 percent equity stake in the company.

THASL under new leadership unveils excellence awards, digital benchmarks, upcoming conference to propel tourism to US $ 10bn

The Tourist Hotels Association of Sri Lanka (THASL) has unveiled a multi-pronged strategic roadmap designed to elevate service standards, aggressively digitise the local hospitality landscape and convene global stakeholders.

Janashakthi Life records 42% GWP growth to Rs.2.6bn

Janashakthi Life commenced the financial year 2026 on a strong footing, delivering robust results across key financial and operational indicators for the quarter ended.

FinTech World Cup Regional Competition India’s RealX and Sri Lanka’s NanoSoft Global named as joint winners

The Fintech Association of Sri Lanka has announced that RealX and NanoSoft Global have emerged as the joint winners of the FinTech World Cup – Regional Competition, following the current round of international jury evaluations conducted after the competition held at Port

WSO2 founder and CEO Dr. Sanjiva Weerawarana to step down as CEO

WSO2 yesterday announced that its founder and CEO Dr. Sanjiva Weerawarana will step down from his role as CEO, with effect from June 2026.

Central Bank with Australia to boost MSMEs’ digital financial literacy

The Central Bank of Sri Lanka (CBSL) has signed a memorandum of understanding (MoU) with Australia’s Skills for an Inclusive Economy Programme on a pilot initiative to improve digital financial literacy for micro, small and medium enterprises (MSMEs), a critical driver of Sri

Indices edge down

Indices edged down as a result of price losses in counters such as Dialog Axiata, Hemas Holdings and Hatton National Bank with the turnover crossing Rs. 2.6bn.

Low participation keeps market activity subdued

The secondary market yield curve yesterday experienced low trading volumes and subdued activity amidst low investor participation.

ComBank reports solid March quarter performance

Commercial Bank of Ceylon PLC reported some stellar performance in the March quarter amid certain macro-economic uncertainties towards the latter part of the quarter caused by the war in Iran.

Kist & Knuckles initiate plastic collection initiative on Southern Expressway

As part of its continued commitment to environmental sustainability and responsible business practices, Cargills Food and Beverage Ltd through its brands Kist and Knuckles, has initiated a new plastic waste management project on Sri Lanka’s Southern Expressway, deploying four plastic collection bins at the Welipenna Service Area to address the growing issue of plastic waste generated by travellers.

Mahogany Masterpieces launches new digital flagship

Mahogany Masterpieces (Pvt) Ltd, Sri Lanka’s pre-eminent luxury solid wood furniture house and turnkey interior solutions provider, has announced the launch of its new digital flagship at www.mahogany.lk, alongside the introduction of what the company believes to be the most sophisticated AI Concierge deployed by any luxury brand in Sri Lanka.

Ticking Boxes, Missing Risks: The compliance Illusion in Sri Lankan banks

Sri Lanka’s banking sector is not short of regulations. Banks operate under the close supervision of the Central Bank of Sri Lanka, with extensive frameworks governing risk management, corporate governance, and compliance.

Prime Melwa unveils world class marina living at Port City Colombo

Prime Melwa Port City (Pvt) Ltd signed the Sales and Purchase Agreement (SPA) with CHEC Port City Colombo (Pvt) Limited on 12 May 2026, marking a historic milestone in the realization of one of the most prestigious upcoming marina and waterfront developments at Port City Colombo.

Kedella Enterprises warns public against fake housing firms using its name

Kedella Enterprises Private Limited warned the public against fraudulent housing construction firms allegedly operating under names similar to its brand, stating that the company operates only from its main office in Alhena, Maharagama and has no branches or affiliated offices elsewhere in the country.

Nüwa at City of Dreams celebrates 5-Star recognition

Nüwa at City of Dreams Sri Lanka, the luxury flagship hotel within South Asia’s first fully integrated luxury resort, marked a significant milestone with a special press conference and celebration honouring its 5-Star recognition, further reinforcing its position as one of the leading luxury hospitality destinations in the region.

HNB General Insurance primed for strategic growth in FY2026

HNB General Insurance (HNBGI) enters Financial Year 2026 (FY2026) with a revitalized strategic roadmap, following its landmark achievement of reaching a Gross Written Premium (GWP) of Rs. 11 billion in 2025. The company has mobilized a strengthened and digitally-empowered sales force, specifically engineered to capture emerging market opportunities and translate technical innovation into sustainable, long-term growth in an increasingly dynamic e

EDB and Janathakshan GTE sign MoU to strengthen biodiversity-friendly agri-export value chains

The Sri Lanka Export Development Board (EDB) and Janathakshan GTE Ltd., the lead implementing partner of the GEF-07 Project, has signed a Memorandum of Understanding (MoU), formalising a strategic collaboration related to biodiversity conservation, sustainable land management, and climate-resilient livelihoods.

Secondary market trades thin with yields largely unmoved

The secondary market saw subdued activity ahead of the T-bill auction yesterday, resulting in the overall yield curve remaining broadly unchanged.