LIBA to launch first ever online business advisory service

Lanka India Business Association (LIBA) announced that it will launch the first-ever online business advisory service that will connect business advisors in India directly to businesses in Sri Lanka (members of LIBA). One of the most pressing challenges in today’s business landscape is gaining access to the right network. Many business leaders and entrepreneurs struggle to connect with the right individuals at the right time, resulting in lost o

Union Bank powers Moratuwa University’s Entrepreneurship Development Programme

Union Bank in collaboration with the University of Moratuwa (UoM) and the National Innovation Agency (NIA) embarked on a milestone collaboration to partner the National Entrepreneurship Development Programme (NEDP) to upskill and uplift SMEs.  The first batch of students successfully concluded the programme  and the certificate awarding ceremony was held recently at the UoM. The Union Bank School of Social Entrepreneurship (UBSSE) continues to se

Free Trade Zone Manufacturers Association elects office bearers for 2025-2026

At the 44th AGM of the Free Trade Zone Manufacturers Association held on 28th March at Jetwing Colombo Seven, Dhammika Fernando was re-elected as the Chairman, and M. H. Z. M. Marzook was elected as the General Secretary for 2025/2026. Fazal Abdeen and Nishantha Bakmeege became Vice-Chairmen, while Manjula Mahadanaarachchi remained as the Treasurer.

SDB bank honours employee achievements at Annual Business Awards

SDB bank recently hosted the SDB bank Annual Business Awards to honour and appreciate the outstanding contributions of its employees for their remarkable performance in 2024.

Technomedics International wins big at Best Management Practices Awards

Technomedics International Pvt Ltd., has been recognised yet again for its outstanding service and contribution to the medical industry. The company shone with two awards at the recently held CPM International Management Conference. The Best Management Practices Awards 2025, organised by the Chartered Professional Managers of Sri Lanka (CPM Sri Lanka). The company was listed among the Twenty Outstanding Companies Awards category, which is a test

Prime Residencies ‘One Tangalle’ commences construction

Prime Residencies PLC has commenced the construction of ‘One Tangalle’, an ultra-luxurious boutique development in southern beachfront living. The official ground breaking ceremony for the project took place on April 26, in the presence of homeowners, consultants and all other stakeholders.

Cartoon of the Day 01-05-2025

LIOC, Sinopec follow CPC in fuel price revision

In line with the fuel price revision by the Ceylon Petroleum Corporation (CPC), Lanka Indian Oil Corporation (LIOC) and Sinopec Energy Lanka (Private) Limited have decided to reduce fuel prices, effective from tonight.

No price revision for LAUGFS gas

There will be no price revision for LAUGFS Gas domestic cylinder refills in May, LAUGFS Gas Director and Cluster CEO Dr. Niroshan J. Pieries said.

Fuel prices slashed

The Ceylon Petroleum Corporation (CPC) has announced a fuel price reduction, effective from midnight today.

CSE declines amid profit-taking pressure

The Colombo Stock Exchange (CSE) concluded today’s trading session on a negative note, with the All Share Price Index (ASPI) closing just below the 15,800 level.

No April 30 deadline for WHT declarations: IRD Commissioner says

The Commissioner General of the Inland Revenue Department (IRD) today denied a report circulating on social media claiming that April 30 is the last date for individuals subject to withholding tax (WHT) on interest income, but without taxable income, to submit their self-declaration to banks and financial institutions.

11 million TINs registered, most yet to be issued: IRD

The number of Taxpayer Identification Number (TIN) registrations at the Inland Revenue Department (IRD) has reached 11 million, but most of the TINs have not been issued to the respective individuals.

Polestar Lanka Garments invests $5.08M in Sri Lanka, to create 679 jobs

Polestar (Lanka) Garments Ltd, a subsidiary of China’s Lianfa Group, has signed an agreement with the Board of Investment (BOI) to invest $5.08 million in a new export-oriented garment manufacturing facility.

SL recovery no “understatement”, says CB Governor

Sri Lanka may still be on the road to recovery, but its steps in correcting long-standing policy failures are now being recognised where it matters most—by key international lenders.

Alliance Finance becomes first SL NBFI to list green bond on LuxSE

Alliance Finance Company PLC (AFC) has listed its green bond on the Luxembourg Stock Exchange and the Luxembourg Green Exchange, following its initial listing on the Colombo Stock Exchange in February 2025.

Emirates reaffirms long-term commitment to SL’s tourism industry

Emirates and the Sri Lanka Tourism Promotion Bureau (SLTPB), at the Arabian Travel Market 2025, renewed their partnership aimed at further developing the country’s tourism and trade industries. The partnership was sealed through a Memorandum of Understanding (MoU) between the two parties.

MSC Mariella makes record call at Colombo Port

Marking a historic milestone for Sri Lanka’s maritime industry, the ultra-large container vessel (ULCV) MSC MARIELLA, one of the largest container vessels in the world and the largest in the MSC fleet, made its maiden call at the Colombo East Container Terminal (CECT) of the Sri Lanka Ports Authority (SLPA) at the Port of Colombo (POC).

February industrial production adds more steam amid a recovering economy

The Index of Industrial Production (IIP) added more heft in February 2025, reflecting gradual recovery in the industrial activities in the country after the economic normalcy has been re-established after years of wobbling conditions.

ASPI up for 4 sessions straight

The ASPI closed in green as a result of price gains in counters such as John Keells Holdings, Ceylon Tobacco Company and Aitken Spence with the turnover crossing Rs. 2.0 bn.

Yields edge down amid tepid volumes

CBSL conducted its weekly T-Bill auction yesterday, raising Rs. 145.0bn in line with the initial offering.

Sri Lanka Tourism makes inroads into Middle Eastern market

On April 28, 2025, the Sri Lanka Tourism Promotion Bureau (SLTPB) inaugurated its dynamic national pavilion at the 32nd Arabian Travel Market (ATM) held at the Dubai World Trade Centre.

Radisson Blu Hotel, Galadari Colombo appoints Marko Jannssen as GM

As Galadari Colombo undergoes an exciting transformation and prepares to unveil its new identity as Radisson Blu Hotel, Galadari Colombo, Radisson Hotel Group announced the appointment of Marko Janssen as the hotel’s new General Manager.

Grammy winner Ne-Yo set to perform live in Sri Lanka this December

Renowned American R&B superstar and three-time Grammy award winner Ne-Yo is set to electrify Sri Lanka with his first-ever live performance in Colombo in December 2025, in a spectacular event organised by Brown Boy Presents and Cinnamon Grand Colombo joins as the official hospitality partner, ensuring an unparalleled experience for the event.

Hayleys Fentons recognised at Best Management Practices Awards

Hayleys Fentons Limited demonstrated its leadership by securing top honours at Best Management Practices Company Awards 2025.

SL-Italy Business Council discusses ways to win Italian tourists

The Sri Lanka-Italy Business Council (SLITBC) of The Ceylon Chamber of Commerce, in collaboration with the Embassy of Italy in Colombo, hosted a workshop recently on ‘Winning and Retaining Italian Tourists’, bringing together tourism industry leaders, diplomatic representatives and travel experts from Italy.

Lenovo launches 14th Gen Intel Desktop

Lenovo, in collaboration with IT Gallery Computers (Pvt.) Ltd, hosted an exclusive event in Sri Lanka, which featured an impressive line-up of devices, insightful keynotes and in-depth product sessions, with a special focus on the introduction of the next-generation ThinkCentre Neo 50t Gen 5 and up to five years onsite warranty.

People’s Bank chief dismisses Fitch concerns, points to strong capital position

People’s Bank CEO/GM Clive Fonseka has strongly refuted concerns raised by Fitch Ratings regarding capital vulnerabilities in the state-owned banks, maintaining that his institution remains financially robust despite the recent challenges.

TSHDA-Solidaridad strengthen SL’s smallholder tea sector

In a major step toward transforming Sri Lanka’s smallholder tea sector, the Tea Small Holdings Development Authority (TSHDA) and Solidaridad, in partnership with Regenagri, Control Union and Nucleus Foundation, concluded a two-day capacity building workshop on the Regenagri standards for tea extension officers.

MegaPay’s Pay&Go directly integrates with LECO

In a significant move to enhance Sri Lanka’s digital payment landscape, MegaPay, shaping the future in fintech, has announced a direct integration between its flagship product Pay&Go and Lanka Electricity Company (LECO).