How FITIS set Sri Lanka on path to US$ 15bn digital economy by 2030

As Indika De Zoysa completes his two-year tenure as Chairman of the Federation of Information Technology (Guarantee) Ltd (FITIS), the organization finds itself at the heart of a profound national transformation. Under his leadership, FITIS has played a role in reshaping the country’s digital future, setting into motion a long-term vision to establish Sri Lanka as a global digital hub. His time at the helm was not only defined by ambition, but by

Mark and Comm and PRCA APAC to hold webinar on April 28

Mark and Comm Ltd in collaboration with the Public Relations and Communications Association Asia Pacific (PRCA APAC), will host a regional webinar titled “PR in the Age of Disruption” on 28th of April, from 3:00 p.m. to 4:30 p.m. IST via Zoom.

CSE opens the week steady as March quarter earnings season kicks off

The Colombo Stock Exchange (CSE) opened the new week on a measured note as indices posted mild losses amid global uncertainty and cautious investor sentiment. Despite the slight pullback, the session reflected healthy underlying participation and sector-specific interest.

Wealthy Minds Academy faces SEC caution for reckless social media posts

Sri Lanka’s Securities and Exchange Commission (SEC), the regulator of the capital market, has issued a notice of caution to Wealthy Minds Academy (Private) Limited and two of its directors for their reckless conduct in disseminating information on social media platforms regarding certain securities listed on the Colombo Stock Exchange (CSE).

Only 14% of ETF members active by end 2024

Only 14.11 percent of member accounts in the Employees’ Trust Fund (ETF) were active at the end of 2024, according to the Central Bank (CB).

EPF net worth soars to Rs. 4.37 tn as real returns hit decade high

Sri Lanka’s Employees’ Provident Fund (EPF), the nation’s largest retirement fund, reported a record 12.6 percent year-on-year surge in net worth to Rs. 4.37 trillion by the end of 2024, up from Rs. 3.89 trillion in 2023.

Official reserves jump US$ 431mn in March to US$ 6.52bn

Sri Lanka experienced a notable increase in its gross official reserve assets during March 2025, primarily due to the receipt of its fourth programme tranche from the International Monetary Fund (IMF).

Manufacturing and services activities expand at accelerated pace

Both manufacturing and services activities continued their strong performance through March 2025, expanding at an accelerated pace as the festive season demand added a further flywheel to the economy that is growing at a solid pace.

Cargills Bank urges public to avoid sharing leaked data post-cyberattack

In an appeal to the public, Cargills Bank has called on individuals and organisations to refrain from sharing any leaked information tied to its recent cybersecurity breach, warning that doing so risks further harm to affected customers.

Global Franchise Forum 2025 on April 27

The Global Franchise Forum (GFF) is set to host its Sri Lanka edition on April 27, 2025, at Sheraton Hotel, Colombo.

JAT Holdings relaunches loyalty programme for painters, carpenters

JAT Holdings has revolutionised the way loyalty programmes serve daily wage-earning painters and carpenters – JAT’s key stakeholders, with the relaunch of its JAT Loyalty Programme.

Union Assurance hosts Blog It Symposium 2025

Union Assurance organised Blog It Symposium 2025, marking a significant milestone as the first-ever event of its kind in the life insurance sector.

Sri Lanka German Business Council hosts Members’ Day

The Sri Lanka-German Business Council (SLGBC) of The Ceylon Chamber of Commerce hosted its Members’ Day at Hilton Colombo Residences recently, bringing together industry leaders, diplomats and business professionals to celebrate and enhance trade relations between Sri Lanka and Germany.

Baurs elevates Daniela Munasinghe as Director

A. Baur & Co. (Pvt.) Ltd, also known as Baurs, recently announced the appointment of Daniela J. Munasinghe as Director of its three subsidiaries, namely Baurs Airservices, Swiss Hotel Management Academy (SHMA) and Baurs Travel.

Spa Ceylon unites local brands to support WIN

Spa Ceylon united several renowned local brands to raise vital funding for Women In Need (WIN), through #ActForWIN, a campaign aimed at building a safer future for women and girls of Sri Lanka, raising more than Rs.7 million within one week.

Colombo Stock Exchange opens Bandarawela branch

The Colombo Stock Exchange (CSE) officially opened its Bandarawela branch to the public.

Sampath Bank-COYLE to champion SME growth and entrepreneurship

Sampath Bank recently formalised a strategic partnership with the Chamber of Young Lankan Entrepreneurs (COYLE) by signing a memorandum of understanding (MoU) at its head office.

Technomedics Int’l appoints new Executive Director

Technomedics International (Pvt.) Ltd announced the appointment of Leshani Samaradiwakara into the role of Executive Director, effective from April 2, 2025.

Port City Colombo Privilege Card launched

CH17 Loyalty, in collaboration with CHEC Port City Colombo, launched a co-branded Port City Colombo Privilege Card that is bound to elevate the visitor experience for locals as well as tourists, at The Mall at Port City Colombo.

HNB-RDA introduce card payment on expressways

HNB PLC announced a partnership with the Road Development Authority (RDA) to launch the island’s first card-based toll payment system, marking a significant step forward in enhancing commuter convenience and modernising national transport infrastructure.

Shanka Abeywardene new Union Bank CFO

Union Bank announced the appointment of Shanka Abeywardene as its new Chief Financial Officer (CFO).

SLICGL achieves outstanding financial results for 2024

Sri Lanka Insurance Corporation General Limited (SLICGL) delivered an outstanding performance in 2024, reinforcing its strength and resilience in the industry as the market leader.

Dialog Leads 5G Innovation with First Live Network VoNR Trial in Sri Lanka

Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, marked a significant milestone in the country’s 5G journey with the successful completion of the nation’s first Voice over New Radio (VoNR) trial on a live 5G network.

Tourism earnings climb to $1.12B in Q1

Sri Lanka’s tourism trade generated earnings of US $ 354.0 million for March, the final month of the peak winter earnings season, bringing the total earnings for the three months to US $ 1,122.3 million.

CSE closes the short trading week with modest decline

The Colombo Stock Exchange (CSE) concluded the shortest trading week on a modestly negative note.

Investor sentiment pushes ASPI to gain 99+ points amid holiday-driven dull trading

The All Share Price Index (ASPI) recorded a gain of 99.68 points during today’s trading session, closing at 15,625.88, up by 0.64%. The S&P SL20 Index also edged higher, rising 0.65 percent to close at 4,644.49.

Serendib Engineering announces voluntary delisting from CSE

Serendib Engineering Group PLC announces the voluntary delisting of its fully paid ordinary voting shares from the Official List of the Colombo Stock Exchange (CSE).

Verite Research calls for united response for US tariff

Colombo based think-tank Verite Research called on the Sri Lankan government, and the world, to forge a multilateral approach in tacking the recently announced US tariff.

Market declines amid global caution and pre-holiday positioning

ASPI and S&P SL 20 indices ended lower today, as investor sentiment turned cautious ahead of the upcoming holiday season and amid continued global macroeconomic headwinds.

SriLankan Airlines to chart a five-year turnaround with route cuts, public listings under a leaner operation model

Loss-making national carrier SriLankan Airlines could transform into a leaner, profitable entity within five years under a new restructuring plan, which includes route rationalization, fleet optimization, and public listings of minority stakes in its profitable and monopolistic business units.