SL to position itself as a regional hub for artificial intelligence infrastructure

Sri Lanka took a bold step on the international stage this week by positioning itself as a regional hub for artificial intelligence infrastructure.

People’s Leasing sets new benchmark in corporate reporting with AI-enabled 13th Integrated Annual Report

People’s Leasing & Finance PLC (PLC) officially presented its 13th Integrated Annual Report for the financial year 2025/26 to People’s Bank Chairman Professor Narada Fernando recently.

KPMG webinar on Corporate Restructuring Techniques

In today’s volatile business environment, organisations are increasingly turning to corporate restructuring as a means of enhancing resilience, preserving value, and adapting to changing market conditions.

Dialog Introduces Motorola G35 5G and Motorola G57 5G

Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, announced the launch of the Motorola G35 5G and Motorola G57 5G in partnership with Abans PLC, expanding access to affordable 5G smartphone experiences for customers across Sri Lanka.

EDB hosts regional exporters’ networking forum in Chilaw

The Sri Lanka Export Development Board (EDB) successfully organized the North Western and North Central Provinces Exporters’ Networking Forum recently at the Nilawin Hotel & Resort in Chilaw.

People’s 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.

Sun Siyam and StudioSixty7 win Int’l Property Awards Asia Pacific

Sun Siyam, the Maldivian-owned hospitality group operating six resorts across the Maldives and Sri Lanka, has been recognised with two awards at the International Property Awards Asia Pacific, one of the world’s most respected benchmarks for excellence in architecture, design and real estate.

The Students Visa earns Navitas UK recognition

The Students Visa has been recognised with the Navitas UK – New and Emerging Agent Award (Sri Lanka) 2025/26, marking a significant milestone in the company’s growth as one of Sri Lanka’s emerging international education consultancies.

MiHCM achieves ISO/IEC 27701:2025 certification across Malaysia, Sri Lanka

MiHCM, a leading enterprise HR and payroll technology company operating across 22+ countries in Asia, has achieved ISO/IEC 27701:2025 certification for its operations in Malaysia and Sri Lanka.

McLarens Lubricants shines at ExxonMobil SAO Awards 2026

McLarens Lubricants Limited, the authorised distributor for Mobil Lubricants in Sri Lanka, was honoured with Brand Execution Award 2026,

Kelaniya Uni Finance Department celebrates 15th anniversary on CSE trading floor

The Finance Department of the Commerce and Management Studies Faculty of the University of Kelaniya commemorated its 15th anniversary by ringing the Market Opening Bell on the Colombo Stock Exchange (CSE) trading floor recently, marking its years of contribution to fostering successive generations of Sri Lankan financial specialists, investment professional and corporates.

CSE ends lower as profit-taking and cautious sentiment weigh ahead of earnings season

The Colombo Stock Exchange commenced the week on a weaker footing, with both benchmark indices closing lower as profit-taking in selected counters weighed on overall market performance. Selling pressure persisted throughout the session, while moderate turnover and share volume levels reflected cautious investor participation.

NDB fraud probe reveals bigger transaction trail than first disclosed

Nearly three months after National Development Bank (NDB) disclosed what became one of the largest fraud cases to hit a listed Sri Lankan bank, a forensic review has identified the suspicious transaction amount to be higher than what was initially disclosed.

Clean Sri Lanka is a lost golden opportunity for tourism: Jetwing Hotels Chairman Hiran Cooray

The tourism sector has been through a grueling few years, forcing hoteliers to rethink how they attract high-spending travelLers, manage soaring local costs, and execute real estate strategies.

Home Lands breaks ground on ‘Central Park Boulevard Port City Colombo’

Home Lands Group officially commenced construction of Central Park Boulevard Port City Colombo with a ceremonial groundbreaking held at its construction site in Central Park district, Port City Colombo.

CICT wins AFLAS award for 10th consecutive year

Colombo International Container Terminals (CICT) has been named Best Container Terminal – Asia (Under 4 Million TEUs) at the 2026 Asian Freight, Logistics and Supply Chain (AFLAS) Awards, becoming the first terminal to secure the title for 10 consecutive years.

Amana Bank acquires ownership of Corporate Office premises

Amana Bank PLC has acquired ownership of its Corporate Office premises located at 353 Galle Road, Colombo 3 from Lee Hedges PLC.

Janashakthi Life breaks into Top Five Most Loved Life Insurance Brands ranking

Janashakthi Life has entered the Top Five Most Loved Life Insurance Brands in Sri Lanka, rising from seventh to fifth place in the LMD Readers’ Choice Most Loved Brands 2026 ranking, reflecting growing consumer trust and brand preference.

Vallibel Finance sets new benchmarks in Sri Lanka’s financial sector

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. This achievement has been realized within just 19 years of operations, underscoring the company’s sustained growth trajectory and strategic vision.

Buddhist tourism push underpins Sri Lanka’s South Korea strategy

Sri Lanka is stepping up efforts to attract more visitors from South Korea, with the tourism officials betting that improved air connectivity, visa-free access and growing interest in Buddhist pilgrimage travel could help expand arrivals from one of Asia’s high-spending outbound markets.

Mazagon-backed Colombo Dockyard pursues India opportunities

Colombo Dockyard PLC is looking to expand its presence in India’s maritime sector, following its acquisition by India’s Mazagon Dock Shipbuilders Ltd (MDL), as the shipbuilder looks to leverage its new parent company’s industry connections to drive growth and strengthen its order pipeline.

Rs.100bn revenue leakage looms for motor industry, warns CMTA

Sri Lanka’s automotive industry could see government revenue leakages exceed Rs.100 billion by the end of this year, due to unchecked regulatory loopholes and systemic undervaluation, Ceylon Motor Traders Association (CMTA) Chairman Andrew Perera warned.

Zydus Lifesciences and Sunshine Healthcare announce JV to strengthen pharma manufacturing in Sri Lanka

Zydus Lifesciences, a global lifesciences company and Sunshine Healthcare today announced the setting up of a strategic joint venture company – Zydus Sunshine Lifesciences Pvt Ltd.,with an investment commitmentof over US$ 20 million to establish a pharmaceutical manufacturing facility in Sri Lanka, strengthening local production and reducing import dependence.

Auto industry not a cash cow for revenue collection, Chamber warns

The government must stop treating the automotive industry as a reactionary tool to hit short-term fiscal targets and instead recognise it as a core driver of national industrial development, Ceylon Chamber of Commerce Secretary General and CEO Shiran Fernando said.

Borrowers see little relief as lending rates remain elevated

The prime lending rate eased marginally in the week ended June 26, marking the first decline since the Central Bank’s surprise interest rate hike last month.

LKR remains 8% weaker against dollar

Sri Lanka’s rupee depreciation against the US dollar remained unchanged at 8 percent in the week ended June 26. The rupee came under pressure in the recent months amid the rising import demand, strong credit growth and concerns over higher global oil prices linked to the tensions in the Middle East.

One Health, One Pharmacy: Building a Stronger Pharmaceutical Profession for Sri Lanka’s Future

As healthcare systems across the world grapple with ageing populations, rising non-communicable diseases, antimicrobial resistance and increasing healthcare costs, the role of pharmacists is undergoing a remarkable transformation.

CDS tightens dormant account rules to curb fraud risk

The Colombo Stock Exchange (CSE) will begin restricting transactions on dormant securities accounts from next week, under a new investor protection framework, aimed at reducing fraud risks and strengthening oversight of long-inactive holdings.

Asiri Central Hospital performs first liver transplant marking new milestone in advanced healthcare

Asiri Central Hospital has successfully performed its first liver transplant, marking a significant milestone in the advancement of specialised healthcare in Sri Lanka and bringing new hope to patients suffering from end-stage liver disease.

Alliance Finance demonstrates compassionate finance

Alliance Finance Company PLC (AFC) has released the property deed of a deceased customer to his children, waiving all outstanding dues, at a special deed-offering event held recently.