Sri Lanka opens US $ 450mn worth of LCs for vehicles; imports so far at US $ 200mn

Sri Lanka has seen about US $ 450 million worth of letters of credit (LCs) opened for the importation of vehicles in the few months since the years-long ban was lifted in February this year, the Central Bank said.

Central Bank hosts FSB RCG Asia Meeting

The Financial Stability Board (FSB) Regional Consultative Group for Asia (RCG Asia) met on May 22, 2025, in Colombo.

Hambantota International Port Group enhances vehicle clearance efficiency

The Hambantota International Port Group (HIPG) has responded decisively to the recent complaints regarding the delays in vehicle clearance.

HNB with Lanka Commercial Trading powers agri-machinery leasing

HNB has announced a strategic partnership with Lanka Commercial Trading (Pvt.) Ltd (LCT) to enhance access to high-quality agricultural machinery through flexible and affordable leasing solutions.

SLTPB-Film Corp.-Cinnamon to position SL as a global film destination

Cinnamon Hotels & Resorts announced the strategic partnership of the National Film Corporation of Sri Lanka and Sri Lanka Tourism Promotion Bureau (SLTPB) for its highly anticipated Signature Weekend—a curated celebration of storytelling, cinema and Sri Lanka’s rising prominence as a global film destination.

HNBA clinches 5th win as SL’s Best Life Bancassurance Provider

HNB Assurance PLC (HNBA) has once again reaffirmed its industry leadership in bancassurance by securing the title of Best Life Bancassurance Provider in Sri Lanka for the fifth consecutive year, awarded by the prestigious Global Banking and Finance Review – UK.

Jetwing Lighthouse appoints Dmitri Cooray as Executive Director

The Lighthouse Hotel PLC announced the appointment of Dmitri Cooray as a new executive director to its board, effective May 23, 2025. The appointment was approved and recommended by the Nominations and Governance Committee and ratified by the Board of Directors at a meeting held on 23 May.

Sri Lanka’s largest tourism exhibition Sancharaka Udawa 2025 kicks off in Colombo

Sri Lanka’s largest tourism exhibition Sancharaka Udawa 2025 kicked off in Colombo, under the patronage of President Anura Kumara Dissanayake.

National SME Forum 2025 opens new doors to global markets and growth opportunities

National SME Forum 2025, organised by The Ceylon Chamber of Commerce, this week brought together over 200 small and medium enterprises (SMEs) from across Sri Lanka,

IMF ties SL board review to electricity tariffs, financing commitments

The International Monetary Fund (IMF) said the timing of its Executive Board meeting to approve Sri Lanka’s next tranche of funding, under the Extended Fund Facility, would depend on the government’s ability to deliver on key reform commitments, including the electricity tariff adjustments.

‘SL a five-star island with three-star image’: Veteran hotelier calls for tourism reset

Veteran hotelier Hiran Cooray on Thursday called on Sri Lanka’s tourism industry to raise its standards, urging a shift from what he described as a “three-star mentality” to one that reflects the country’s “five-star” potential.

Colombo Tea Auction sees highest offerings since May 2023

The Colombo Tea Auction offerings totalled 7.0 million kilogrammes (M/Kgs) this week, a significantly higher volume from 5.1 M/Kgs on offer the previous week.

April tea exports up 11% YoY

Sri Lanka’s tea exports rose in April, driven by stronger shipments across most categories, although bulk exports remained under pressure and key markets showed mixed demand, data from the industry sources showed.

ASPI gains 0.6% during the week

The ASPI closed in green as a result of price gains in counters such as Hemas Holdings, Co-Operative Insurance Company and Sunshine Holdings with the turnover crossing Rs. 3.7 Bn.

Yields soften further on sustained trading strength

The strong buying interest observed on Thursday continued into yesterday’s session, exerting consistent downward pressure on yields across the curve.

Nestlé Golden Chef’s Hat Competition recognises Sri Lanka’s culinary talent

Nestlé Professional, the B2B arm of Nestlé Lanka signed a Memorandum of Understanding (MOU) with the Chefs Guild of Lanka and the Sri Lanka Hospitality Graduates Association to collaborate in organizing the Nestlé Golden Chef’s Hat Competition 2025.

Colombo to host global cybersecurity trailblazers

On May 28, Colombo will host the first-ever edition of ‘BSides Sri Lanka’ — the island nation’s flagship community-driven cybersecurity conference — at the Ramada Hotel.

CH17 launches Dubai promotion for Port City Colombo’s duty-free mall

CH17 International, the official rewards and loyalty partner of Port City Colombo, has launched a promotional campaign in Dubai to spotlight the exceptional duty-free retail experience available at The Mall at Port City Colombo.

Colombo’s most stylish high tea lands at Gatz, Cinnamon Life

If ‘The Great Gatsby’ had a fabulous younger cousin living it up in the 2020s, they’d definitely be hanging out at Gatz — Cinnamon Life’s speakeasy-inspired lounge where vintage glamour meets modern-day charm.

Domino’s Sri Lanka unveils the Big Big Pizza with six flavours in one giant treat

Domino’s Pizza Sri Lanka has launched its boldest innovation yet – the Big Big Pizza, a one-of-a-kind offering that brings together six exciting flavours in a single pizza.

Futurity debuts to offer intelligent Workplace Solutions 

Futurity, an AI-native research and development studio dedicated to reimagining how work gets done.

Shangri-La invites guests to ‘Eat, Play, Love’ in Sri Lanka this summer

This summer, Shangri-La Hotels in Sri Lanka unveils a bold and evocative invitation to travellers around the world: Eat, Play, Love — an immersive campaign that redefines what it means to travel well.

IMOS’ Ishara Madushan honoured at BWIO Awards

Ishara Madushan, the founder and Managing Director of Ishara Madushan Online School Pvt. Ltd., was named the Best Online Mathematics Tutor of the Year (Platinum) at the Business World International Awards 2024.

SriLankan Cares empowers youth for mangrove conservation

SriLankan Cares, the Corporate Social Responsibility (CSR) arm of SriLankan Airlines, recently joined hands with the Forest Department of Sri Lanka, 100 local fishermen and 40 school children to lead an awareness and cleanup drive in the Negombo Lagoon.

AIA Sri Lanka ‘Pawfect Match’ campaign inspires people to help stray animals

This year for ‘Love Your Pet Day,’ AIA Sri Lanka, collaborated with Tails of Freedom, Purrs and Woofs and Animal Welfare and Protection Association (AWPA), to launch the ‘Pawfect Match’ campaign.

ASEAN and South Asia scholars unite under millennium project’s new regional website

The official grand launch event of the Millennium Project South Asia regional website (www.southasiaforesight.net) took place at the Nation Building International Institute (NBII) in Bangkok, Thailand on 22nd May.

Velou decoding the future of ecommerce

The competitive arena of ecommerce is set to be revolutionised with the introduction of ‘Velou’ - an innovative solution that utilises artificial intelligence (AI) to redefine how online retailers present their products to the world.

DB Automation wins ‘Zebra Technologies Partner of the Year’

DB Automation Pvt Ltd has won the ‘Partner of the Year’ award at the Zebra Regional Partner Summit in Jaipur, India for the fifth year.

BeWAXed unveils new era of luxury waxing in Colombo

Commercial waxing salon ‘BeWAXed’ announced the grand opening of its latest venture, BeWAXed Deluxe recently.

CSE ends mixed as ASPI gains on continued rate cut optimism

The Colombo Stock Exchange (CSE) closed on a mixed note today, reflecting an overall optimistic market outlook, as investor sentiment remained positive following the interest rate cut announced yesterday. The momentum continued into today’s session, with market participants showing renewed confidence in response to the Central Bank’s supportive monetary policy stance.