ACHE honoured as ‘Best Institute for American Standard Education in SL’

The American College of Higher Education (ACHE), which has been offering American-style education in Sri Lanka for nearly 30 years, was recently honoured as the Best Institute for American Standard Higher Education at the Global Business Excellence Awards 2025.

Increase in MDR for QR code transactions, a step backwards: expert cautions

A recent decision by the Central Bank (CB) to double the Merchant Discount Rate (MDR) for QR code transactions, raising it from 0.5 percent to 1 percent, has ignited strong criticism from a leading digital payments expert and former Central Banker.

ACCA appoints VenturesKey as ACCA Approved Employer

The Association of Chartered Certified Accountants (ACCA), a globally recognized body for professional accountants, has officially appointed VenturesKey as an ACCA Approved Employer, recognizing the organization’s commitment to nurturing professional development and maintaining the highest standards in finance and accounting.

TEDxColombo celebrates the power of ‘MAD’ ideas

TEDxColombo, one of the prominent and long-standing TEDx events in Sri Lanka, announced the 13th edition of its flagship event, scheduled for June 1st, at the Nelum Pokuna Theatre.

Nagarro expands neurodiversity training programme to Sri Lanka

Nagarro, a global leader in digital engineering, recently announced the expansion of its neurodiversity initiative ‘TestingPro’ to Sri Lanka, in collaboration with the Shiranee Joseph de Saram Foundation (SJDSF).

Prime Group appoints Umaria as Global Brand Ambassador

Prime Group has appointed singer Umaria Sinhawansa as its Global Brand Ambassador.

Cartoon of the Day 15-05-2025

Gestetner to resume from new site after fire

Gestener of Ceylon PLC shared that its business operations remain significantly disrupted following a fire at its premises on Vauxhall Street, Colombo 02, on 10 May.

CSE rallies past 16,100 as global economic tensions ease, boosting investor sentiment

The Colombo Stock Exchange (CSE) closed the session with strong upward momentum, surpassing the 16,100 mark amid renewed investor confidence. This surge was driven by easing global economic tensions, particularly between the United States and China, which provided a supportive backdrop for equity markets worldwide.

Tourism maintains upward momentum with US$ 256.7mn April earnings

Sri Lanka’s tourism sector continues to maintain its recovery momentum as it recorded US$ 256.7 million in earnings for April 2025, a 13.7 percent increase year-on-year (YoY).

Worker remittances exceed US$ 2bn by April

Workers’ remittances to Sri Lanka surpassed the US$ 2 billion mark in the first four months of 2025. Despite the milestone, cumulative inflows are trailing last year’s pace, official data showed.

HNB’s 1Q profit jumps 49% on lower interest costs

Hatton National Bank (HNB) saw its earnings climb in the first quarter of 2025, with group profit after tax rising 49 percent year-on-year to Rs 11.1 billion.

SriLankan eyes five new aircraft including two narrow-bodies by 2026

Sri Lanka’s loss-making national carrier, SriLankan Airlines, plans to add five new aircraft including two narrow-body planes to its fleet by March 2026, according to a top company official.

DFCC Bank posts Rs. 2.8 bn PAT in 1Q25

DFCC Bank PLC posted a profit before tax (PBT) of Rs. 3,912 million and a profit after tax (PAT) of Rs. 2,768 million for the period ended 31 March 2025, compared to a PBT of Rs. 4,733 million and PAT of Rs. 3,134 million a year earlier.

SLT Group delivers strong 1Q25 as Mobitel lifts top line

Sri Lanka Telecom (SLT) Group reported a profit after tax of Rs. 2.00 billion for the quarter ended 31 March, sharply higher than Rs. 156 million a year earlier, supported by tighter financial management and improved operational efficiencies.

DIMO excels at Mercedes-Benz Service Excellence Regional Award Ceremony

DIMO, the Authorized General Distributor for Mercedes-Benz in Sri Lanka, won the ‘General Distributor Award’ at the Mercedes-Benz Service Excellence – Regional Award Ceremony, surpassing the peers in the Southeast Asia region.

CBSL Governor addresses People’s Bank staff

Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, delivered the keynote speech under the theme ‘Bankers’ Responsibilities in Alignment with the Policy Agenda of the Central Bank of Sri Lanka for 2025 and Beyond’ at a special staff gathering session held at the People’s Bank Staff Training College Auditorium in Colombo 05.

HNB and UNIMO Enterprises collaborate to offer vehicle leasing solutions

HNB PLC has entered into a strategic partnership with UNIMO Enterprises Ltd to offer an array of exclusive vehicle leasing options.

Emirates showcases next-gen cabin experience with updated A350

In a stylish showcase of aviation elegance, Emirates Airlines welcomed Sri Lankan media and industry leaders aboard its updated Airbus A350 to offer a taste of the Emirates luxury travel experience.

American Chamber kicks off Bootcamp 2025

The American Chamber of Commerce in Sri Lanka (AmCham SL), in collaboration with the US Embassy, launched the second edition of AmCham Bootcamp 2025.

DMASL Digital Summit 2025 in July

The Digital Marketing Association of Sri Lanka (DMASL) announced that DMASL Digital Summit 2025 is scheduled to take place on July 24 and 25, in Colombo.

Mercantile Investments opens Kilinochchi, Puthukkudiyirippu branches

In its continuous efforts to expand its reach and advocate financial inclusivity across Sri Lanka, Mercantile Investments recently opened two new branches in the Northern province.

DFCC Bank-Home Lands Skyline offer zero down payment home loans

DFCC Bank, in an exclusive partnership with Home Lands Skyline, announced a breakthrough in home financing by introducing a zero down payment home loan.

NSBM-BOC sign strategic loan agreement

NSBM Green University signed a strategic loan agreement with Bank of Ceylon (BOC) to support the ongoing phase II development of its Homagama campus.

John Keells-Moratuwa Uni mark 19 years of collaboration

The John Keells Group Transportation Sector marks 19 years of impactful collaboration with the Transport Management and Logistics Engineering Department at the University of Moratuwa, reinforcing its long-standing commitment to human capital development in Sri Lanka’s transportation and logistics industries.

Dipped Products unveils Hanwella EcoPulse Nature Reserve

Dipped Products PLC (DPL) unveiled its pioneering EcoPulse Nature Reserve—an innovative biodiversity haven—at the heart of its Hanwella manufacturing facility.

Asus’ Sri Lanka market share hits 40%

Asus and Republic of Gamers (ROG) Sri Lanka recently launched their latest computing innovations,

DFCC Bank’s Anton Arumugam new APB President

DFCC Bank PLC congratulates Senior Vice President Offshore Banking, Remittances and Business Development Anton Arumugam on his appointment as the 36th President of the Association of Professional Bankers (APB) Sri Lanka for the 2025/26 term.

Bristo Products wins National Industry Brand Excellence Award

Bristo Products has been honoured with the Best National Industry Brand Award (Small Scale) in the Other Industry Sector, at National Industry Brand Excellence Awards 2024.

OTTO Bathware earns SLS certification

OTTO Bathware has received Sri Lanka Standards (SLS) certification from the Sri Lanka Standards Institution (SLSI).