Hutch and Education Ministry empower students with green mobility in A’pura

In a significant step towards improving student mobility in underserved communities, Hutch officially handed over 100 electric bicycles to rural schoolchildren at special ceremonies held at Bandaranayake Model Primary College and Zahira College, in the Anuradhapura District recently.

Sirus Migration announces New Zealand and Australia Migration events

Sirus Migration Education, an Australia-based migration and education consultancy, has announced its two-week visit to Sri Lanka this July.

Sanasa General and Life Insurance sponsors ‘Green Walk 2025’

Sanasa General Insurance and Sanasa Life Insurance have come on board as the official insurance partners for Green Walk 2025, the annual walk organised by Isipathana College, Colombo.

IIHS launches executive MBA programmes

The International Institute of Health Sciences (IIHS) has launched three new Executive MBA (EMBA) programmes in response to the growing need for skilled leadership across global healthcare systems.

Sri Lanka’s IMF scorecard: meeting or missing the initial forecasts?

Sri Lanka experienced its worst economic crisis in 2022. This crisis stemmed from poor economic management, including excessive fiscal deficits, and the loss of access to international financial markets.

Tariff tensions tighten thread in SL’s textile trade

Sri Lanka’s apparel sector, a key pillar of the island’s export economy, yesterday raised red flags over the United States’ move to impose a 30 percent reciprocal tariff on all Sri Lankan products starting 1 August

Sri Lanka’s recovery at risk without growth commission: CEPA

A new report from a group of eminent economic thinkers has proposed the formulation of an independent growth commission to guide Sri Lanka towards sustained economic recovery and transformation.

Veteran business leader Ajit Jayaratne no more

Ajit Jayaratne, a prominent figure in Sri Lanka’s business community and Chairman of Overseas Realty (Ceylon) PLC, passed away at the age of 85, leaving a significant legacy in property development and

Emirates deploys upgraded Boeing 777 to Colombo starting July 18

Emirates, the world’s largest international airline, will deploy its retrofitted four-class Boeing 777 on flights EK650/651 operating between Dubai and Colombo from July 18.

Salary disparities pose recruitment challenge for newly formed Public Debt Office

Sri Lanka’s newly established Public Debt Management Office (PDMO), a critical institution for managing the nation’s finances, is facing significant hurdles in attracting and retaining skilled professionals due to

BYD opens Ampara showroom

BYD, the world’s leading new energy vehicle (NEV) manufacturer, together with its authorised distributor in Sri Lanka John Keells CG Auto (JKCG Auto) announced its expansion into the east coast with the opening

LOLC Life Assurance with SMIB strengthens bancassurance services

LOLC Life Assurance, a fully-owned subsidiary of LOLC Holdings, has entered into a strategic partnership with the State Mortgage and Investment Bank (SMIB), one of the longest standing banks in Sri Lanka, to

NDB Bank-World Vision empower women-headed households

NDB Bank partnered with World Vision to implement a targeted initiative aimed at uplifting women-headed households through integrated farming solutions and financial empowerment.

DFCC Bank strengthens commitment to rural economic empowerment

DFCC Bank is reaffirming its commitment to rural economic empowerment by driving financial awareness within Sri Lanka’s tea value chain.

Sterling Engineering completes 1MW rooftop solar project at Falcon Tea Factory

Sterling Engineering (Pvt.) Ltd, a forerunner in renewable energy solutions, has successfully completed a landmark one-megawatt rooftop solar power project at the Falcon Tea Factory in Ratnapura, widely

Colombo to host Int’l Solar Alliance’s 7th Regional Committee Meeting

The International Solar Alliance (ISA) will host the Seventh Regional Committee Meeting (RCM) for the Asia and Pacific region from July 15 to 17, 2025, in Colombo.

Euro Motors-Dongfeng launch hatchback

Euro Motors (Pvt.) Ltd recently partnered with Dongfeng, one of the world’s leading automotive manufacturers, to officially launch its range of vehicles into the Sri Lankan market.

LG Electronics opens office in Sri Lanka

LG Electronics (LG) announced the opening of office in Sri Lanka, operating under the entity of LG Electronics Singapore Pte. Ltd.

First Capital’s Mid-Year Outlook Investor Forum 2025 on July 17

First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a pioneering full-service investment institution, announced First Capital Mid-Year Outlook Investor Forum 2025, a virtual event

Dialog Enterprise deploys innovative video surveillance solution at Domino’s Pizza SL

Dialog Enterprise, the corporate ICT solutions arm of Dialog Axiata, continues to drive innovation in Sri Lanka’s business landscape by introducing technology solutions that go beyond traditional applications.

Building a legacy across generations and sectors: Sumathi Holdings

From pioneering roles in Sri Lanka’s entertainment and healthcare sectors to entering renewable energy and IT, Sumathi Holdings has evolved into a diverse conglomerate with a strong family

Totachi holds Global Distributors Conference in Sri Lanka

Totachi Industrial Pte. Ltd., a world-renowned leader in premium Japanese lubricants and automotive solutions, hosted its Global Distributors Conference 2025 in Sri Lanka recently. The event united partners

Sri Lankan apparel brands demand 300-400% CESS hike to combat ‘cheap’ imports

Sri Lanka’s domestic clothing brands are calling for a drastic 300 to 400 percent increase in the Commodity Export Subsidy Scheme (CESS) levy on the imported apparel, arguing it is a critical step to ensure the survival and competitiveness of the local industry in its own market.

Industry leader warns of “digital isolation” as new VAT threatens to derail Sri Lanka’s ICT sector

With Sri Lanka’s new 18 percent Value Added Tax (VAT) on foreign digital services now a settled policy taking effect this October, focus has sharply shifted to its potential economic fallout.

Power monopoly threatens reform gains, Advocata cautions

Sri Lanka risks reversing the crucial energy reforms, unless it holds the line on the 2024 Electricity Act, the Advocata Institute cautioned yesterday, calling on the government to reaffirm its commitment to overhauling the power sector.

Imposition of 18% VAT on digital services aims to create level playing field: Deputy Minister

Economic Development Deputy Minister Dr. Anil Jayantha told Parliament yesterday that the imposition of an 18 percent Value Added Tax (VAT) on digital services is intended to create a level playing field among the service providers.

Seylan Bank debenture issue oversubscribed within hours of opening

Seylan Bank’s Basel III-compliant debenture issue was oversubscribed within hours of opening yesterday, having received applications for over 150 million debentures, amounting to Rs.15 billion.

C M Holdings proposes 10-for-1 share subdivision

C M Holdings PLC has announced a proposal for a 10-for-one subdivision of its ordinary shares, a move aimed at increasing the liquidity of its shares in the market, according to a stock filing with the Colombo Stock Exchange (CSE).

ComBank launches Sri Lanka’s first AI-powered SME Credit Underwriting Solution

Commercial Bank of Ceylon launched Sri Lanka’s first artificial intelligence (AI)-powered SME Credit Underwriting Solution, taking a transformative step in reshaping how the small and medium enterprises (SMEs) access credit and financial solutions.

Daraz Sri Lanka and NEDA expand strategic partnership for MSME enablement

Daraz Sri Lanka, in partnership with the National Enterprise Development Authority (NEDA) under the Ministry of Industry and Entrepreneurship Development, has launched a new capacity-building programme to strengthen institutional support for micro, small, and medium enterprises (MSMEs) across the country.