ACCA introduces Professional Diploma in Sustainability

The Association of Chartered Certified Accountants (ACCA) has introduced a Professional Diploma in Sustainability, addressing the rising need for sustainability expertise within the finance sector. This initiative is designed to equip finance professionals with the skills required to manage sustainability challenges and ensure compliance in today’s business landscape.

Uber Eats empowers local merchants with business education programme

Uber Eats recently marked a new milestone in its mission to empower small businesses in Sri Lanka. Forty merchant partners on the Uber Eats platform graduated with a Diploma in Business Management from UNITAR International University, Malaysia, delivered in collaboration with the Institute of Governance and Compliance (IGC).

NEXT Ventures opens Colombo hub aiming global expansion

NEXT, a UAE-based fintech group, has announced the launch of NEXT Ventures Lanka (Pvt) Ltd., its newest operations and support hub in Asia.

ESOFT launches ESU Kandy to transform higher education in hill capital

Higher education institution ESOFT announced the official opening of ESU Kandy, its independent arm dedicated to delivering world-class undergraduate and postgraduate education in the hill capital.

Delmege Energy appoints two Brand Ambassadors

Delmege Energy, the authorized distributor of Shell lubricants in Sri Lanka, announced the appointment of two Brand Ambassadors to drive awareness and engagement for Shell’s high-performance lubricants.

CSE Closes at Record High with Strong Turnover and Investor Activity

The Colombo Stock Exchange (CSE) closed on a positive note today, continuing its upward momentum. The All Share Price Index (ASPI) reached an all-time high of 17,414.55 and closed at 17,353.05 reflecting an increase of 138.66 points or 0.81%. Similarly, the S&P SL20 Index recorded a gain of 28.38 points, rising by 0.55% to close at 5,159.66.

New credit guarantee will break collateral barriers for local SMEs: ADB

The lack of sufficient hard collateral has long blocked small and medium enterprises (SMEs) in Sri Lanka from accessing finance.

Self-leadership key to SL’s recovery

As Sri Lanka stands at a pivotal crossroads as it seeks to rebuild following its worst economic crisis, the island nation needs to adopt a forward-thinking leadership approach inspired by the successes of Dubai and Singapore,” an HR expert said.

Tea auction offering crosses 6 mn Kgs this week

Total tea auction offerings crossed the 6.0 M/Kgs mark and totalled a 6.45 M/Kgs this week. The highest quantity on offer since Sale No. 5 of 5 February 2025 (6.5 M/Kgs).

Western province set for industrial expansion with Rs. 3bn investment

Efforts are underway to establish a new industrial zone in Ingiriya and begin the second phase of development at the Raigama Milleniya industrial park, the government said this week, as part of a broader push to attract investments into the Western Province.

CSE grants approval for Vidullanka’s Rs. 500 mn Sukuk listing

The Colombo Stock Exchange (CSE) has granted in-principle approval for the listing of Shariah-compliant debt securities by Vidullanka PLC, up to Rs. 500 million through a Sukuk issuance.

ASPI crosses 17,000 mark

Indices closed in green as a result of price gains in counters such as Commercial Bank, Sampath Bank and DFCC Bank with the turnover crossing Rs. 7.3 bn.

Short-tenor appetite sparks mixed swings

Building on the mixed sentiment from the previous day, market participants continued to adopt a mixed stance yesterday, with investor interest largely centered around short to mid-tenor maturities.

CA SL Canada Chapter leads drive to boost trade, professional ties

The Canada Chapter of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is spearheading initiatives to forge stronger international partnerships, enhance global mobility for its members and facilitate trade, investment and professional collaboration between Canada and Sri Lanka.

Enfection’s AI-driven creativity wins global recognition at Drum Awards

In a landmark achievement for the Sri Lankan marketing and technology industry, local agency Enfection, in partnership with Keells, secured a Silver award at the prestigious The Drum Awards Asia Pacific 2025, under the Use of AI Category.

Amana Bank wins Gold at LankaPay Technnovation Awards

Amana Bank announced that it once again won the Gold award for Best Common ATM Enabler of the Year (Category C) at the recently concluded LankaPay Technnovation Awards 2025.

Xapp redefines savings with 7.50% returns and total liquidity

As traditional savings accounts continue to offer returns that barely outpace inflation, a growing number of financially savvy consumers are making the switch to Xapp, a next-generation investment platform offering a compelling return of 7.50 percent per annum as of May 19, 2025, with the added flexibility of full liquidity.

MiHCM featured at Microsoft Build 2025 for Agent Service APIs

MiHCM was prominently featured at the prestigious Microsoft Build 2025 event, following its recent integration with Microsoft’s Azure AI Foundry Agent Service in May 2025.

Port City Colombo commemorates tenant handover of Business Centre

Port City Colombo commemorated the formal handover of office space to key anchor tenants with a special ceremony held recently.

Future Minds 2025 holds sponsor launch, 20-year celebration

In a momentous celebration of two decades of empowering Sri Lanka’s youth, Future Minds 2025 Sponsor Launch and 20-Year Celebration was held in grandeur recently at Hilton Residencies, Colombo.

Sunshine Holdings-IFC to enhance women’s employment, foster respectful workplaces

Sunshine Holdings PLC partnered with the International Finance Corporation (IFC), a member of the World Bank Group, to implement a comprehensive women’s employment advisory programme aimed at enhancing women’s employment opportunities and creating respectful workplaces.

Polycrome marks 45 years of service

Polycrome Electrical Industries (Pvt.) Ltd, a pioneering name in Sri Lanka’s electrical manufacturing sector, celebrated 45 years of dedicated service, innovation and excellence.

Maxxis rewards dealers

Maxxis Annual Awards Night under the theme ‘Maxxis Committed to Conquer’ was held recently at Shangri-La Hotel, Colombo, under the distinguished patronage of chief guest of Maxxis Thailand International Vice President Lenny H. K. Lee.

CEAT Kelani wins 17 Golds for quality improvement projects

CEAT Kelani Holdings won 17 Golds at National Convention on Quality and Productivity (NCQP 2025) for quality improvement projects (QIPs) conducted in the past one year, more than doubling the number of Golds the company won at this event in 2024.

Omega Line wins multiple BMPC Awards

Omega Line Ltd, Sri Lanka’s largest exporter of apparel to the European market, has won four prestigious awards at the Institute of Chartered Professional Managers (CPM) of Sri Lanka’s Best Management Practices Company Awards (BMPC) 2025.

CSE hits new all-time high as market closes

The Colombo Stock Exchange (CSE) closed on a positive note today, with the All Share Price Index (ASPI) reaching an all-time high of 17,214.39, marking an increase of 234.50 points (1.38%). Similarly, the S&P SL20 Index also recorded an all-time high, rising by 96.36 points (1.91%) to close at 5,131.28.

May tourist arrivals top pre-COVID highs

The tourist arrivals to Sri Lanka in May 2025 climbed to 132,191, exceeding pre-pandemic levels and reinforcing momentum toward the country’s full-year tourism target of three million visitors and US $ 5 billion in revenue.

President draws red line on tax relief

Sri Lanka’s private sector received a firm directive from President Anura Kumara Dissanayake yesterday, who said businesses “must pay fair taxes” and not seek tax revisions for industry development.

CDS ties up with Sampath Bank to simplify overseas investor onboarding

The Central Depository Systems (CDS), a subsidiary of the Colombo Stock Exchange (CSE), has signed an agreement with Sampath Bank PLC to streamline the opening of Inward Investment Accounts (IIAs) for non-resident foreign individuals investing in Sri Lanka.

Alpha Fire sees 58% ownership shift

A controlling stake in Alpha Fire Services PLC has changed hands, following the sale of over 58 percent of the company’s capital, according to a stock exchange filing yesterday.