Yield curve subtly dips from short to mid end

At yesterday’s weekly T-bill auction, the weighted average yield rates experienced a further decline across the board.

EU & Sri Lanka launch craft matchmaking programme

The Delegation of the European Union (EU) to Sri Lanka, in partnership with the Export Development Board (EDB), launched a pioneering initiative to position Sri Lankan craft products in the international marketplace—the Creative Sri Lanka 2030: Matchmaking Pilot Programme 2025.

Hayleys Power and Mitsubishi Heavy Industries forge strategic alliance

Hayleys Power Limited has entered into a partnership with Mitsubishi Heavy Industries, becoming the authorised distributor for Mitsubishi marine engines in Sri Lanka.

BOC named ‘SLIM Kantar People’s Banking Services Brand of the Year’ again

Reinforcing its position as a leader in Sri Lanka’s banking sector, Bank of Ceylon (BOC) has been once again named the ‘SLIM Kantar People’s Banking Services Brand of the Year’ at the SLIM Kantar People’s Awards 2025. This recognition, based on consumer preferences, highlights the bank’s role in Sri Lanka’s financial sector and its strong relationship with customers.

Abans brings Lenovo ThinkPad T14s to SL

Technology powerhouse Lenovo set the bar for next-gen computing with the introduction of the ThinkPad T14s to Sri Lanka, powered by the advanced Qualcomm Snapdragon X Elite Processor, in collaboration with Abans at an event held on 12th March at the Courtyard by Marriott.

Alumex shines at NIBE Awards 2024

Alumex PLC was recognised as the Best National Industry Brand in the Metal, Die, Mold, Machinery Tools and Allied Industry Sector (Large-Scale Category) at the 2024 National Industry Brand Excellence (NIBE) Awards. This accolade presented by the Ministry of Industry & Entrepreneurship Development in collaboration with the Industrial Development Board (IDB), underscores Alumex’s commitment to quality, innovation, and industry leadership.

PayMedia powers digital payments with DhiraaguPay

PayMedia has played a pivotal role in the development of the upgraded DhiraaguPay platform, launched by DhiraaguFintech.

LPG leader David Tyler in Sri Lanka

Laugfs Gas recently hosted David Tyler, Director of the World LPG Association (WLGA), during his visit to Sri Lanka, where he discussed global LPG industry developments, market insights, and opportunities for local industry growth.

Cartoon of the Day 20-03-2025

Sri Lanka hits 5% growth in 2024

In another reaffirmation of the strength of the ongoing economic recovery since the country fell into its economic depths back in 2022, Sri Lankan economy has recorded an estimated 5.4 percent growth in its economy in the fourth quarter of last year bringing the full year growth to the expected 5.0 percent in 2024.

Government appoints new Inland Revenue and Labour chiefs

The government yesterday announced the appointment of new heads for the Inland Revenue Department and the Department of Labour.

Hayleys to raise Rs. 7 bn via debentures

Diversified conglomerate Hayleys PLC announced this week that it will issue 50 million listed, rated, unsecured, senior, redeemable debentures, with an option to issue up to a further 20 million of said debentures at the discretion of the company.

National tax policy committee soon to be apointed

The government is set to appoint a new tax committee as part of its efforts to introduce a National Tax Policy aimed at improving Sri Lanka’s reputation as an attractive investment destination in the Asian market.

SL bridges financing gap for women entrepreneurs

Sri Lanka’s women entrepreneurs now have a greater opportunity to unlock access to finance with the launch of the WE Finance Code in the island nation yesterday.

Indices close on negative note

The ASPI closed in red as a result of price losses in counters such as Ceylinco Holdings, Commercial Bank and Hatton National Bank with the turnover crossing Rs. 1.7 bn.

Buying sentiment holds firm, yields retreat

Yesterday the market saw a continuation of Monday’s sentiment, with the buying stance ascending to prominence.

MiHCM announces all-new AI-powered support agent

MiHCM recently announced the availability of its AI-powered support agent during the Microsoft AI tour in Singapore.

ComBank TradeLink launched for importers and exporters

Sri Lanka’s importers and exporters have been provided with a sophisticated new digital platform for all their trade finance requirements by Commercial Bank of Ceylon, the single largest private sector facilitator of the country’s international trade via a gamut of trade-related services.

Aitken Spence Institute of Hotel Management strengthens hospitality workforce

Aitken Spence Institute of Hotel Management, a key initiative of Aitken Spence Hotels’ learning and development arm, held its latest graduation ceremony at Heritance Ahungalla, marking another milestone in its mission to develop skilled professionals for the hospitality industry.

Delmege with Hettich introduces full range of hardware solutions

Delmege, a leading conglomerate with a legacy of 175 years and known for its diversified business sectors, announced a strategic franchise partnership with Hettich, a 137-year-old, globally renowned premium lifestyle brand in furniture hardware, kitchen appliances and door hardware.

Nawaloka Hospitals introduces South Asia’s 1st AI-powered MRI scanner

Nawaloka Hospitals PLC has marked another milestone with the introduction of South Asia’s first artificial intelligence (AI)-driven, Canon Vantage Orian MRI scanner.

Sri Lanka’s digital industry: Resilient, adaptive and poised for growth amid policy shifts

The digital services sector in Sri Lanka has witnessed new tax measures introduced in the latest national budget, which mark a significant shift in the industry’s financial landscape.

DHL Express in 1st place among World’s Best Workplaces

For the fifth year running, DHL Express has been named one of the World’s Best Workplaces and earned the prestigious #1 global ranking this year.

Sanasa Life Insurance reobtains Great Place to Work certification

Sanasa Life Insurance was certified as a Great Place to Work for the second consecutive year by the global authority on workplace culture.

LIC Lanka celebrates women’s strength, leadership

On the occasion of the International Women’s Day, LIC Lanka Ltd celebrated the strength, leadership and contributions of women to its organisation and society.

Sysco LABS powers SLIIT CODEFEST 2024: AI Sprint

Sysco LABS recently partnered with the Sri Lanka Institute of Information Technology (SLIIT) as the Platinum Sponsor of SLIIT CODEFEST 2024: AI Sprint.

Mattala Airport struggles as it turns 12

Sri Lanka’s Mattala Rajapaksa International Airport (MRIA) marks its 12th anniversary today but the underutilised facility continues to struggle with financial losses and minimal airline traffic, renewing calls for a strategic overhaul.

Hard Rock Cafe to make Sri Lankan debut at Colombo City Centre by 2H25

US restaurant chain Hard Rock Cafe has sealed a deal with Abans and will be entering Sri Lanka, marking its debut in the island nation.

Upcoming festive season drives economic activities across manufacturing and services

The upcoming festive season gave an additional boost to the already expanding activities across the economy, as both manufacturing and services activities continued to grow through February.

Paddy, tea and coconut production drops, fuelling inflation concerns

Sri Lanka’s agricultural sector is facing a significant downturn, with key crops such as paddy, tea and coconut experiencing sharp declines in production.