EDB-JICA partnership extended to boost ICT/BPM growth in Japanese market

Sri Lanka Export Development Board (EDB) and the Japan International Cooperation Agency (JICA) have established a strategic partnership to strengthen the Sri Lankan ICT/BPM sector within the Japanese market. Started in 2024, this initiative supports 30 Sri Lankan SME ICT/BPM companies and startups over a period of two years by providing market intelligence, business coaching, and matchmaking services. Building on nearly a decade of collaboration

Deakin University Australia hosts ‘Deakin Week Sri Lanka 2025’

Deakin Week Sri Lanka 2025 (19th to 21st August), a biennial event hosted by Deakin University Australia, concluded on a high note recently, welcoming over 300 academic, industry and government leaders.

Econsulate launches Xavier 4.0 autonomous ground–air robotics

Xavier 4.0 is a mission-ready platform combining the power of the RG 311 #UGV and the Beak B 150 #UAV, designed and developed from the ground up, into one seamless autonomous platform.

Great Place To Work Sri Lanka unveils ‘Best Workplaces in the Technology Industry’

Great Place To Work Sri Lanka hosted its flagship celebration of workplace culture in the technology sector with the unveiling of the Best Workplaces in the Technology Industry 2025, under the powerful theme “Beyond the Code.” The event took place at Courtyard, Cinnamon Grand Colombo, gathering an audience of leading CXOs, senior executives, and HR professionals from across Sri Lanka’s vibrant tech ecosystem.

AIA Insurance Ampara Area Development Office relocates

AIA Insurance Lanka Limited has relocated its Ampara Area Development Office (ADO) No. 3 to a new premises located at No. 66, D.S. Senanayake Street, Ampara.

Women in Management celebrates 15 years of empowerment and global connections

Women in Management (WIM) celebrates 15 years of empowering women, fostering leadership and creating global platforms for women to excel.

Würth Lanka hosts Engineering Forum

Würth Lanka (Pvt) Ltd recently convened the Würth Lanka Engineering Forum 2025 - a landmark gathering of leading civil engineers, structural consultants, and industry innovators from across the country.

Cartoon of the Day 21-08-2025: Caption This! (In The Comments)

Sri Lanka set for best August since 2018

Sri Lanka’s tourism industry has surpassed 1.5 million arrivals for 2025, boosted by strong inflows in August. However, it still faces a steep climb to reach its ambitious target of three million visitors for the year.

Access Medical Tracers inks US $ 6.5mn BOI agreement to launch SL’s first radiopharmaceutical plant

Access Medical Tracers (Pvt.) Ltd has signed a US $ 6.5 million agreement with the Board of Investment (BOI) to establish Sri Lanka’s first-ever radiopharmaceuticals manufacturing facility.

Distilleries’ June profits up 14% over higher revenues

Distilleries Company of Sri Lanka PLC recorded a higher bottom-line performance for the quarter ended in June, amid the higher prices caused by the January hike in the excise duty. Sri Lanka’s largest distiller, with a market share of over 70 percent, reported revenue of Rs.37.13 billion for the quarter, up 14.7 percent from the same period last year but the increase in the net revenues languished at a 4.3 percent growth to Rs.12.68 billion.

Robust growth in loans buttresses LOLC June performance

LOLC Holdings PLC reported a modest performance for the three months ended in June 2025, largely supported by its financial services behemoth, which was possible on the back of higher lending, as the rates remained lower.

Browns launches low-cost EVs to widen vehicle access in SL

Brown & Company PLC, part of Sri Lanka’s LOLC Group, yesterday announced the launch of a new line-up of electric vehicles (EVs), a move that positions itself as a key player in expanding affordable mobility after years of import restrictions left the consumers priced out of the market.

Week begins with gains

The ASPI closed in green as a result of price gains in counters such as Commercial Bank, Carson Cumberbatch and Melstacorp with the turnover crossing Rs. 7.7 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Cable Solutions, Sampath Bank, and Digital Mobility Solutions Lanka. Mixed interest was observed in Hatton National Bank, Lanka Ventures and Commercial Bank whilst reta

Yield curve holds steady amid mixed sentiment

The week opened with mixed sentiment in the secondary market.

Janashakthi Life outperforms industry in 2Q

Janashakthi Life has once again proven its mettle, delivering a stellar performance in 2Q 2025 and solidifying its position as one of Sri Lanka’s fastest-growing life insurers. Continuing its consistent growth path, Janashakthi Life’s first-year premium saw an impressive 61 percent increase over the same period last year, demonstrating not only strength but also exceptional agility in a challenging economic climate. As the flagship company of JX

HNB Assurance Group reports exceptional financial performance for 2Q with 30% growth

HNB Assurance PLC (HNBA) and its subsidiary HNB General Insurance Ltd (HNBGI) have delivered exceptional financial results for 2Q 2025, reinforcing their strong market position while showing robust growth across key metrics and reinforcing its solid position in the market.

COYLE-JETRO launch Sri Lankan Corporate Health and Productivity Awards 2025

The Chamber of Lankan Entrepreneurs (COYLE), in collaboration with the Japan External Trade Organisation (JETRO), officially launched Sri Lankan Corporate Health and Productivity Awards (SLCHPA) 2025, at a press event held at Shangri-La Colombo on August 13

Evolution Auto introduces Avatr, XPeng, IM Motors and Riddara EVs

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 luxury automotive landscape.

Amana Bank 2Q PAT up 37%

Amana Bank continued its strong growth momentum in 1H 2025, delivering a solid performance with profit before tax (PBT) surpassing the Rs.1.5 billion mark, reflecting a 14 percent year-on-year (YoY) increase.

US envoy meets with Ceylon Chamber leadership

The Ceylon Chamber of Commerce (CCC) was honoured to welcome the Ambassador of the United States to Sri Lanka Julie Chung for a courtesy visit with the CCC’s leadership. Chung met with Chairman Krishan Balendra, Vice Chairman Bingumal Thewarathanthri, Deputy Vice Chairman Vinod Hirdaramani, Secretary General and CEO Buwanekabahu Perera and other representatives of the CCC to discuss trade, investment and economic opportunities between Sri Lanka

Siyapatha Finance opens 55th branch

Siyapatha Finance PLC recently opened its 55th branch, strategically located at No. 29, Galle Road, Ambalangoda, marking a significant milestone in the company’s commitment to bringing accessible, customer-centric financial solutions to more communities across the island.

Pulsar N160 dominates sports motorcycle segment in Sri Lanka

Bajaj Pulsar N160, marketed and distributed by David Pieris Motor Company (Private) Limited (DPMC), is now dominating Sri Lankan roads with two models, Pulsar N160 Premium and Pulsar N160 Normal, available at all DPMC showrooms and over 220 dealers islandwide.

Dialog Introduces Unlimited Speed-Based Fibre Plans for Seamless Internet Access

Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, introduces truly unlimited, speed-based broadband packages with no Fair Usage Policy (FUP) restrictions, underscoring its commitment to delivering seamless digital experiences and empowering customers with unrestricted internet access through its advanced Dialog Fibre network.

JAT launches ‘Pintharu Abhiman’ 3rd edition

JAT Holdings PLC launched the third edition of its flagship painter empowerment initiative JAT Pintharu Abhiman.

JAAF gives thumbs up to liberalised apparel trade rules

The Joint Apparel Association Forum (JAAF) welcomed the UK government’s announcement of liberalised rules of origin under the Developing Countries Trading Scheme (DCTS).

UK reforms open door for more Sri Lankan apparel to enter tariff-free

Sri Lanka’s apparel sector is set to gain wider duty-free access to the United Kingdom after the latter announced sweeping reforms to its Developing Countries Trading Scheme (DCTS), allowing manufacturers to source up to 100 percent of garment inputs from any country for final manufacture on the island.

Govt. to launch concessionary loan scheme for young agri and industry entrepreneurs

The government has decided to introduce a concessionary loan scheme for young entrepreneurs in the agriculture and industry sectors, Cabinet Spokesman and Health Minister Dr. Nalinda Jayatissa said yesterday.

Browns Group’s Agstar exits export arm with Rs. 35.3 mn deal

Agstar PLC, a subsidiary of the Browns Group under LOLC Holdings, announced that it has divested its entire shareholding in Agstar Exports (Pvt) Ltd.

Sri Lanka economy to grow 4.5% in 2025

Sri Lanka’s consumer prices are expected to rise in the third quarter and gradually return to entral bank’s 5.0 percent target by mid-2026, while the economy is projected to expand 4.5 percent in 2025, the Central Bank of Sri Lanka (CBSL) said in its latest Monetary Policy Report.