FITIS appoints new board for 2025/2026

Federation of Information Technology (Guarantee) Ltd (FITIS) held its 8th Annual General Meeting on 30th April 2025 at the Hilton Colombo Residencies.

CG Hospitality’s ‘The Farm at San Benito’ joins Marriott’s Autograph Collection

In a strategic conversion idea brought to fruition, Marriott International Inc. and CG Hospitality signed an agreement to convert The Farm at San Benito, the well-renowned Philippines wellness retreat, to an Autograph Collection resort, as part of the portfolio of Premium Marriott Hotels.

CSE and NCE partner to empower Sri Lankan exporters

The Colombo Stock Exchange (CSE) and the National Chamber of Exporters of Sri Lanka (NCE) entered into a strategic partnership to support Sri Lankan exporters by enhancing their access to capital market opportunities and broadening visibility for their businesses.

Calton wins National Industry Brand Excellence Award

Calton Sweet House Pvt. Ltd. has been recognised as the Best National Industry Brand in the Medium-Scale Food and Beverage Sector at the National Industry Brand Excellence Awards 2024.

Lanka Sathosa slashes prices by 23%

Lanka Sathosa has announced a notable period of growth in the first quarter of 2025, further solidifying its operational excellence and customer-focused objectives.

CSE starts the week on a positive note as ASPI surpasses 15,900

The Colombo Stock Exchange (CSE) concluded today’s trading session on a positive note, with the All Share Price Index (ASPI) closing above the 15,900 mark. The week started on an optimistic footing, supported by improved investor sentiment and renewed market confidence.

CSE shortens trading hours for local government elections

The Colombo Stock Exchange (CSE) will operate on reduced trading hours tomorrow, Tuesday, 6 May 2025, due to the local government elections.

E-commerce spending via cards surge by 27.4% in 2024

E-commerce transactions via card payments in Sri Lanka witnessed robust growth of 27.4 percent YoY valuing at Rs.367.6 billion in 2024,

Sri Lanka nears 900,000 tourist arrivals

Sri Lanka’s tourism sector is nearing the 900,000 arrival mark for the year, with 896,884 tourists recorded by the end of April 2025.

Almost one in three new tourists in SL from India

Indian tourists are driving growth in Sri Lanka’s tourism sector, accounting for nearly one-third of all new arrivals in the first four months of the year, according to data from the Sri Lanka Tourism Development Authority (SLTDA).

ComBank first SL bank to open Representative Office in Dubai International Financial Centre

Commercial Bank of Ceylon PLC (ComBank) is set to become the first Sri Lankan Bank to open a Representative Office in the Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa, and South Asia (MEASA) region.

CB resolves 68% of actionable consumer complaints in 2024 amid enhanced regulatory push

The Central Bank of Sri Lanka (CB) has addressed 68 percent of actionable financial consumer complaints in 2024,

CSE sustains upward momentum for fourth consecutive week

The Colombo Stock Exchange (CSE) continued its upward trajectory for the fourth consecutive week, supported by improved turnover and investor optimism fuelled by a favourable macroeconomic environment. The trading week was shortened to four sessions due to May Day celebrations.

Fcode Labs expands into Europe with key partnership in Sweden

Fcode Labs, a global software product company based in Sri Lanka, has entered the European market through a new strategic partnership in Sweden.

Sterling Engineering wins Best Premium Solar Service Provider Award

Sterling Engineering (Pvt.) Ltd was awarded Best Premium Solar Service Provider in Sri Lanka at Global Business Excellence Awards 2025, recognising its outstanding performance in delivering modern and intelligent renewable energy solutions.

BIMT Campus wins Gold for best management practices

BIMT Campus announced its recognition as the Gold award winner in the SMEs Cluster Categor,y at Best Management Practices Company Awards 2025, organised by the Institute of Chartered Professional Managers of Sri Lanka.

Leading visionaries honoured at Global Business Excellence Awards

Global Business Excellence Awards 2025, a prestigious hallmark of corporate achievement, was held recently at the BMICH Main Hall, Colombo.

Scalefusion-Connex Information Technologies empower Maliban Group

ProMobi Technologies announced that Scalefusion, its leading unified management solution, has partnered with Connex Information Technologies, a value-added technology solutions provider in Sri Lanka.

Experts share perspectives on PR in age of disruption

Mark and Comm, in collaboration with the Public Relations and Communications Association Asia Pacific (PRCA APAC), hosted a regional webinar for Sri Lanka titled ‘PR in the Age of Disruption’ recently.

Acuity Knowledge Partners unveils Agent Fleet platform

Acuity Knowledge Partners, a leading provider of bespoke technology, analytics and research to the financial services sector, announced the launch of a market leading, deep domain specific Agentic AI platform - Agent Fleet for banks, asset managers and private equity houses.

DFCC Bank with Ceylon Chamber accelerates national SME growth

DFCC Bank announced a strategic partnership with The Ceylon Chamber of Commerce Centre for SMEs, reaffirming its commitment to strengthening Sri Lanka’s small and medium enterprise (SME) sector.

People’s Bank presents 2024 annual report to Deputy FinMin

People’s Bank Chairman Prof. Narada Fernando presented People’s Bank’s annual report for the year 2024 to Finance and Planning Deputy Minister Dr. Harshana Suriyapperuma, at the Finance Ministry, Colombo 1, recently.

HNB’s mini-POS initiative drives SMEs’ digital transformation

Hatton National Bank (HNB) PLC has successfully captured a large number of merchants through mini-point-of-sale (POS) devices, marking a significant milestone in its support of small and medium enterprises (SMEs) across Sri Lanka.

Vallibel Finance unveils Pilimathalawa, Galewela branches

Vallibel Finance has expanded its network with the opening of two new branches in Pilimathalawa and Galewela.

Tomorrow Financial Solutions partners with LOLC Holdings

LOLC Holdings PLC entered into a strategic partnership with Tomorrow Financial Solutions (TFS) Australia.

Orient Finance introduces Tuk Leasing plan

Orient Finance PLC has launched a heartfelt campaign that brings to life the real story of a three-wheeler driver.

Aitken Spence Travels recertified with Travelife

Aitken Spence Travels has once again been recertified with the prestigious Travelife-Certified sustainability certification.

Gem and Jewellery industry sounds alarm on US tariff threat to gem jobs

Sri Lanka’s gem and jewellery industry could face severe economic fallout if the United States moves ahead with the proposed reciprocal tariff, the Sri Lanka Gem and Jewellery Association (SLGJA) cautioned.

SL fears socio-economic crisis as US tariff hikes threaten rubber exports: SLAMERP

A proposed increase in US tariff rates on rubber products could devastate Sri Lanka’s export sector, risking 150,000 livelihoods and destabilising rural economies, Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) Chairman Pushpika Jamnadhira cautioned.

Fitch rates Bank of Ceylon Basel Subordinated Debt Final ‘A(lka)’

Fitch Ratings has assigned Bank of Ceylon’s (BOC, CCC+/CCC+/AA-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to Rs. 15 billion a final National Long-Term Rating of ‘A(lka)’.