NDB applauds dedication and excellence at 2024 Retail Banking Awards

NDB Bank recently hosted its Retail Banking Awards 2024, honouring the exceptional achievements and unwavering commitment of its employees across the island.

CSE declines sharply as Middle East tensions worsen

The Colombo Stock Exchange (CSE) closed on a negative note today, recording a significant decline from the start of the trading session, as both the ASPI and S&P SL20 indices fell sharply. The downturn was primarily driven by escalating geopolitical tensions between Iran and Israel, which continue to deteriorate. Investor sentiment remains highly cautious, particularly amid growing concerns over U.S. involvement in the conflict.

SLTDA unlocks 3,000 acres for tourism development via new digital land bank

Sri Lanka’s tourism sector is set for a major investment drive with the launch of the ‘Land Bank Management Information System (LBMIS)’, an automated platform making over 3,000 acres of state and privately-owned land available for development.

Central Bank sounds alarm on misleading overseas property investment ads

The Central Bank (CB) has issued a stern warning to the public regarding advertisements promoting investments in overseas real estate, cautioning against potentially misleading claims and illegal financial arrangements.

Central Finance joins S&P Sri Lanka 20 as Distilleries Co. exits in Index rebalance

The Colombo Stock Exchange (CSE) has announced a change in the composition of the S&P Sri Lanka 20 Index following the 2025 mid-year rebalance by S&P Dow Jones Indices.

Sri Lanka finalises national R&D policy for 2025 launch

Sri Lanka’s new national research and development (R&D) policy has been finalised and is set to be implemented from 2025, a strategic move by the government to pivot the nation towards a production-based economy, driven by value-added products and services.

SLASSCOM launches Global Industry Ambassador Programme

The Sri Lanka Association for Software Services Companies (SLASSCOM) officially launched its Industry Ambassador Programme, a pioneering initiative designed to build strategic bridges with global markets and open new avenues for Sri Lanka’s thriving knowledge and innovation sector.

CCC unveils hyper-realistic whale installation

Colombo City Centre (CCC) of Abans Group marked World Oceans Day 2025 with a powerful message on marine conservation.

Exterminators to represent Futura Germany in Asia

Exterminators PLC has embarked on a strategic partnership with Futura Germany, a leader in innovative digital pest management solutions.

Sungrow-E.B. Creasy Solar launch energy storage systems

Sungrow, a global leader in the solar energy industry, having partnered with E.B. Creasy Solar, the renewable energy arm of E.B. Creasy & Co., PLC, celebrated the launch of Sungrow energy storage systems for the first time in the local market.

Diamond Int’l unveils national crackdown on counterfeit goods

Diamond International Lanka Ltd, a leading name in Sri Lanka’s packaging and security solutions sector for over 17 years, launched a nationwide initiative to combat the growing threat of counterfeit products.

Spanish social media influencers conclude SL FAM trip

A group of Spanish social media influencers arrived in Sri Lanka on an invitation extended by the Sri Lanka Tourism Promotion Bureau and Sri Lanka Embassy in France on May 30, 2025, concluding the trip on June 06, 2025.

NCPC launches 3rd Int’l Conference, NCP Awards

The National Cleaner Production Centre (NCPC), Sri Lanka officially launched the third International Conference on Resource Efficiency and Circular Economy and NCP Awards 2025, at a press briefing held at Cinnamon Lakeside, Colombo.

NCE SVAT seminar’s 3rd session on July 3

The National Chamber of Exporters of Sri Lanka (NCE) will hold the third session of its high-demand seminar on the removal of the Simplified Value Added Tax (SVAT) system on July 3, 2025, at the BMICH.

ComBank Jaffna opens 1st Women’s Banking Centre

Commercial Bank of Ceylon launched its first exclusive Women’s Banking Centre, managed by a dedicated team of female staff to serve female customers, reinforcing the bank’s commitment to meeting the unique needs of women.

Aquaspersions-Haycolour in strategic South Asia manufacturing, distribution partnership

Aquaspersions Group, a leading global provider of water-based chemical dispersions, has entered into a strategic licensing and distribution partnership with Haycolour, a subsidiary of Hayleys PLC.

HNB renews partnership with Parkway Hospitals

HNB PLC has renewed its exclusive healthcare concierge partnership with Parkway Hospitals, offering the Private Banking clients privileged access to world-class medical care.

Radisson Hotel Kandy recognised as Quality Accelerator for 1Q 2025

Radisson Hotel Kandy, managed by La Vie Hotels & Resorts, announced its recognition as a Quality Accelerator for 1Q 2025, achieving the highest improvement in Guest Review Index across the Middle East, Africa and South East Asia Pacific region.

Sri Lanka Insurance, Most Loved Life Insurance Brand again

Sri Lanka Insurance Life (SLICLL) has once again been recognised as the Most Loved Life Insurance Brand in Sri Lanka by LMD’s latest Brand Finance Most Loved Brands edition.

Dialog Delivers a World of Exclusive Benefits with All New Power Plans

Enjoy high-priority network access, smartphone offers, free access to Lionsgate Play and ViU+, family plans and more

World Bank Group to support Sri Lanka’s clean energy transition with $150 million program

The World Bank Group today approved a new $150 million program to support Sri Lanka’s move toward clean, reliable, and affordable energy. The program—Secure, Affordable, and Sustainable Energy for Sri Lanka—will support the country reduce its reliance on expensive fossil fuel imports and accelerate its shift toward solar and wind.

FDI records 90% increase in 1Q25

Sri Lanka’s foreign direct investment (FDI) has increased by US $ 96 million in the first quarter of 2025, compared with the same period in 2024.

Human development progress decelerating at alarming rate, says new UNDP report

For 30 years, the Human Development Index (HDI) showed a consistent increase in development progress and a decrease in inequality. Although the crises of 2020-2021 disrupted this trend, last year’s report saw tentative signs of recovery. The 2025 HDR has quashed this optimism.

AFC strengthens Sri Lanka holdings as consumer spending surges

In a strategic move to capitalise on the evolving market dynamics, Hong Kong-based global AFC Asia Frontier Fund further strengthened its existing holdings in Sri Lanka and two other Asian frontier markets, Pakistan and Bangladesh, last month.

Chali Weerakkody among South Australia’s top young entrepreneurs

Chali Weerakkody, the founder of the innovative online platform Editoz Club, has been named as one of South Australia’s 40 most influential entrepreneurs under the age of 40.

ASPI records largest daily gain in 6 weeks

The ASPI closed in green as a result of price gains in counters such as Ceylinco Holdings, Sampath Bank and Hayleys with the turnover crossing Rs. 2.5 Bn.

Selling hits 2028 maturities

Continuing the selling momentum from the previous day, market participants maintained a bearish stance amid the ongoing global uncertainty. The selling pressure was primarily concentrated on the 2028 maturities, with limited trading activity observed overall.

Nestlé Golden Chefs’ Hat Competition recognizes top culinary talent

Nestlé Professional Sri Lanka, in partnership with the Chefs Guild of Lanka, relaunched the Nestlé Golden Chefs’ Hat Competition this year – an island wide culinary competition focused on developing up-and-coming culinary talent in the hospitality industry.

Cargills together with MAS Foundation expands efforts to combat plastic pollution

In celebration of World Environment Day, Cargills Food and Beverage Limited has taken another step towards environmental protection with the installation of its second Ocean Strainer in Wanathamulla.

British Council supports sector growth through TNE Quality Assurance workshops

The British Council in Sri Lanka concluded a four-day capacity-building workshop series on 30 May, focused on strengthening quality assurance in transnational education (TNE).