NDB Bank strengthens Dubai remittance support

NDB Bank has strengthened its presence in Dubai with the appointment of Akila Bogahawatta as its dedicated remittance representative, underscoring the bank’s commitment to Sri Lankan expatriates in the UAE. Bogahawatta will serve as a one-stop liaison for all NDB remittance services, helping the customers select the fastest and most cost-effective channels to send money home.

Lanka Realty Investments advances strategic divestment and capital infusion

Lanka Realty Investments PLC (LRI) has taken two major steps in its strategic repositioning and financial

David Pieris Group distributes seed capital to promising Northern start-ups

In a milestone celebration of innovation, entrepreneurship and regional empowerment, David Pieris Group awarded over Rs.20 million in seed funding to selected young entrepreneurs at Thalir Seed Funding Award Ceremony 2025, held at North Gate Hotel in Jaffna.

OREL IT earns SL’s 1st TIA-942-C Design Certification

In a groundbreaking development for Sri Lanka’s technology sector, OREL IT has become the first organisation in the country to receive TIA-942-C Design Certification for its data centre facility in Nawinna, Maharagama. The certification confirms the facility meets Tier III standards, placing it among the world’s most reliable data infrastructure. This isn’t just another technical achievement. It’s proof that Sri Lankan companies can compete on th

Pelwatte Dairy Industries appoints Rajive Silva to board

Pelwatte Dairy Industries announced the appointment of Rajive Silva as its new Non-Executive Board Director. In his new role, he will be instrumental in positioning Pelwatte Dairy as a technology-driven leader in the dairy industry by implementing modern, efficient and scalable IT solutions.

SLT-Mobitel strengthens IESL’s Techno 2025

SLT-Mobitel has once again partnered with the Institution of Engineers, Sri Lanka (IESL) as the Principal Sponsor of Techno 2025.

ACCA Approved Employer status awarded to Achievers

Achievers Lanka Business School has been awarded the prestigious status of ACCA Approved Employer, a global recognition that affirms its steadfast commitment to the highest standards of professional training, development and support for the staff and students alike.

Port City Colombo’s investment potential showcased in Malaysia

Port City Colombo participated as a Strategic Partner at Sri Lanka Investor Trade and Tourism Forum 2025, held recently in Kuala Lumpur, Malaysia.

FDI more than doubles in 1H2025, signalling investor confidence

Sri Lanka’s foreign direct investment (FDI) inflows have more than doubled in the first six months of 2025, reaching US$ 507 million, a stark 101 percent increase from the US$ 252 million recorded in the same period last year.

New LTVs could favourably impact bank and finance company loan growth

Analysts anticipate that Central Bank’s revision to Loan-To-Value (LTV) ratios on vehicles, effective last Friday, will positively influence the growth of loans and leases across both banks and finance companies. This, in turn, could accelerate the overall demand for private sector credit.

Four Colombo Port City projects over US$ 1bn granted strategic status

Colombo Port City Economic Commission has formally designated four major real estate development projects as Primary Businesses of Strategic Importance, signalling a significant step forward in the development of the special economic zone.

Sri Lanka shines as top performer in AFC’s Asian Frontier Fund

Amidst a landscape of geopolitical uncertainty, Sri Lanka has emerged as the best-performing frontier market for Hong-Kong-based AFC Asia Frontier Fund in June 2025, demonstrating remarkable resilience and a robust economic comeback that is capturing investor confidence.

CMTA appoints Andrew Perera as Chairman

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.

BOC Flex 3rd winner gets iPhone 16 Pro Max

Bank of Ceylon (BOC) announced that the third winner of the BOC Flex app raffle draw was selected during the draw held in May 2025.

HNB Assurance holds 2025 Staff Conference

In a year that marked new milestones and continued momentum, HNB Assurance brought together its team from around the island for the 2025 Staff Conference, an evening dedicated to celebrating its people and the values that fuel the company’s remarkable rise.

Westbury Residencies opens doors to homeowners

Westbury Residencies, a landmark condominium project, officially opened its doors to the homeowners.

Ogilvy SL’s Second Life Notebooks campaign records historic award run

The Second Life Notebooks campaign by Ogilvy’s Geometry Global Sri Lanka for ProMate (PrintXcel) has become the most internationally awarded single campaign in Sri Lanka’s advertising history.

Acuity Knowledge Partners’ RFP Pulse helps asset managers win new mandates

Acuity Knowledge Partners’ RFP Pulse, a managed digital solution, is designed to transform how asset and wealth managers respond to requests for proposals (RFPs) and due diligence questionnaires (DDQs).

Colombo Plan celebrates 74 years of regional cooperation and development

The Colombo Plan for Cooperative Economic and Social Development in Asia and the Pacific marked its 74th anniversary this month, commemorating more than seven decades of regional collaboration and progress.

Championing foreign direct investment in Sri Lanka: A CWEIC perspective

Foreign Direct Investment (FDI) continues to play a defining role in shaping long-term growth trajectories, especially in developing economies.

Silvermill, SL’s 1st coconut-based manufacturer to receive ISO/IEC 17025 accreditation

In a landmark achievement for Sri Lanka’s coconut industry, Silvermill Group has become the first Sri Lankan coconut-based manufacturer to receive the prestigious ISO/IEC 17025:2017 accreditation for both its microbiology and chemical laboratories.

AICPA and CIMA recognised as Great Place to Work in Sri Lanka for first time

AICPA and CIMA, which together form the Association of International Certified Professional Accountants (the association), have been named a Great Place To Work (GPTW), a prestigious recognition awarded by the global organisation that benchmarks and celebrates outstanding employee experience, in Sri Lanka for the very first time.

SLASSCOM announces new leadership for 2025/2026

The Sri Lanka Association of Software and Services Companies (SLASSCOM), the national chamber for the knowledge and innovation industry in Sri Lanka, announced the appointment of its new board of directors and General Council for the year 2025/2026.

CDB concludes Climate Transition Plan Phase 1

Achieving a major milestone in its goal towards achieving net zero, Citizens Development Business Finance PLC (CDB) of Sri Lanka concluded Phase I of its Climate Transition Plan.

Ceylon Tea’s survival hinges on quality and ethics, warns Dilmah Tea

The long-term survival of the Ceylon Tea industry depends critically on its ability to differentiate itself through uncompromising quality, ethical sourcing and value addition, according to Dilmah Ceylon Tea Company.

Sectoral oversight committee approves Electricity Amendment Bill

The Sri Lanka Electricity Amendment Bill was reviewed yesterday during a meeting of the Sectoral Oversight Committee on Infrastructure and Strategic Development, chaired by Member of Parliament S.M. Marikkar.

Japanese envoy visits Colombo Int’l Airport Hotel Project

Japanese Ambassador to Sri Lanka Akio Isomata recently visited the highly anticipated Colombo International Airport Hotel Project, reinforcing the strong bilateral relations between Japan and Sri Lanka.

Tea prices edge higher on select quality

A total of 6.3 million kilogrammes (M/Kgs) were on offer this week at the Colombo Tea Auction.

SL SMEs showcase at 20th China Int’l Small and Medium Enterprise Fair

A delegation of 42 Sri Lankan small and medium-sized enterprises (SMEs) made a strong impact at the 19th China International Small and Medium Enterprises Fair (CISMEF), held from June 27 to 30, 2025, at the China Import & Export Fair Complex in Pazhou, Guangzhou.

During the week, ASPI gains 2.3%

The ASPI closed in green as a result of price gains in counters such as Central Finance Company, Hayleys and John Keells Holdings with the turnover crossing Rs. 7.6 Bn.