NDB replaces EY with KPMG in line with audit rotation requirement

National Development Bank PLC (NDB) has moved to appoint KPMG as its external auditor for the 2026 financial year, replacing Ernst & Young (EY), in a change driven by the Central Bank-mandated rotation rules but coming at a time of intensified scrutiny, following the bank’s recent fraud disclosure.

Visa appoints Suresh Sethi as Group Country Manager for India and South Asia

Visa, a global leader in digital payments, yesterday announced that Suresh Sethi has been appointed as Group Country Manager for India and South Asia.

March vehicle registrations expand over 15% as EV adoption accelerates

​Sri Lanka’s local automotive market recorded a substantial influx of vehicle imports in March, with total motor vehicle registrations expanding by 15.6 percent month-on-month to reach 59,734 units, according to the latest registration data compiled by JB Securities.

Sri Lanka’s tourism investments hit six-year high in 2025 amid substantial capacity expansion

Sri Lanka’s tourism sector recorded a massive resurgence in investor confidence in 2025, with realised investments reaching their highest level since 2019.

Transition to weekly fuel pricing urged to mitigate market distortions

​Sri Lanka’s retail fuel sector could significantly benefit from a shift toward weekly price revisions to iron out severe market distortions caused by abrupt, large-scale price adjustments.

EPF assets cross Rs. 5trn mark, but returns moderate

The Employees’ Provident Fund (EPF) reached a significant milestone in 2025 as its total asset base crossed the Rs. 5 trillion mark, representing a considerable expansion from the Rs. 4.4 trillion recorded at the end of 2024.

IRCSL tightens motor insurance credit and mandates digital cards

​The Insurance Regulatory Commission of Sri Lanka (IRCSL) has issued a series of directives aimed at modernising the general insurance sector, curbing unauthorised brokering, and tightening financial discipline.

Pan Asia Bank-Softlogic Life provide access to int’l health care for Premier customers

Demonstrating its commitment to delivering holistic financial and lifestyle solutions, Pan Asia Bank announced a strategic bancassurance partnership with Softlogic Life Insurance PLC to offer an exclusive international health insurance solution tailored for its Privilege Banking segment.

Elektrateq-Elexi seal electric three-wheeler fleet partnership

Elektrateq (Private) Limited and Mobility as a Service (Private) Limited, operating under the brand Elexi, announced the signing of two landmark commercial agreements, marking a significant milestone in their collaboration to accelerate the adoption of electric mobility in Sri Lanka.

Nawaloka Hospital Colombo clinches multiple top honours at CPM Awards

Demonstrating excellence across healthcare, innovation, sustainability and community impact, Nawaloka Hospital Colombo has emerged as a standout performer at the prestigious CPM Awards, securing multiple accolades across diverse categories.

99x shares key insights at SLASSCOM Women in Tech Conference 4.0

Sri Lanka’s technology industry is entering a defining phase, where the focus is shifting beyond growth to how that growth is achieved.

UK’s generational smoking ban: Another bullet off target?

The UK sits at the cusp of enacting legislation to ban the sales of tobacco products to persons born after 2009, with the objective of creating a smoke-free generation. The draft bill passed in UK Parliament and now merely needs royal ascent to come into practice.

SL-Korea Business Council hosts session on doing business with South Korea

The Sri Lanka-Korea Business Council (SLKBC) of the Ceylon Chamber of Commerce recently hosted an awareness session titled ‘Doing Business with South Korea’, bringing together key stakeholders to explore the opportunities for strengthening bilateral trade and investment relations between Sri Lanka and the Republic of Korea.

NCC bilateral trade session with French envoy tomorrow

The National Chamber of Commerce of Sri Lanka (NCCSL) announced a special bilateral trade session focusing on strengthening trade and economic relations between Sri Lanka and France.

Siam City Cement signs MoU with Southern Province Chief Secretary

Siam City Cement (Lanka) Ltd has officially entered into a memorandum of understanding (MoU) with the Southern Province Chief Secretary.

HNB Singithi Jumbo revives savings culture

HNB PLC welcomed the Sinhala and Tamil New Year with HNB ‘Singithi Jumbo’ to revive the nation’s savings culture.

Classic Travel secures top recognition at BMPC Awards 2026

Classic Travel has been recognised at Best Management Practices Awards 2026 (BMPC), organised by the Chartered Institute of Personnel Management Sri Lanka, securing the Winner Award in the Hospitality and Tourism Services Category and a Merit Award in Quality and Productivity.

Dialog Enterprise-Star Garments pioneer 5G innovation in Sri Lanka’s apparel industry

Dialog Enterprise has partnered with Star Garments (Pvt.) Ltd to enable next-generation textile manufacturing through advanced 5G-powered solutions, enhancing operational efficiency, automation and real-time decision-making across its production ecosystem.

CRIB to integrate telco data by year-end

​The Credit Information Bureau of Sri Lanka (CRIB) is steering towards a major transformation in its data ecosystem, finalising plans to integrate telecommunications data by the end of this year, followed by utility payments next year.

Electric three-wheelers gain attention as a health-conscious alternative for Sri Lankan drivers

Three-wheelers continue to play a critical role in Sri Lanka’s transport ecosystem, supporting thousands of drivers across urban and rural areas. However, growing evidence suggests that long-term operation of conventional fuel-powered three-wheelers may pose significant occupational health risks.

Bake House Kandy relaunches with new brand identity

Bake House Kandy has officially relaunched with a refreshed brand identity, contemporary interiors and an enhanced customer experience, marking a new chapter for one of the city’s most recognised heritage dining establishments.

Motadata empowers British School of Colombo with proactive IT operations

Motadata has successfully enabled the British School in Colombo to modernize and streamline its IT operations. The deployment of Motadata Unified Observability and ServiceOps are delivered with Connex Information Technologies (Pvt) Ltd and partner Microsolutions Information Systems Pvt Ltd.

The Body Shop celebrates 50 years of being unapologetically ‘Rebellious by Nature’

This year, the global beauty brand, The Body Shop, is celebrating its 50th anniversary – a major milestone and a natural moment in time to re-establish the era-defining, heritage brand in new and thrilling ways, for future generations fuelled by the same, shared passion for a more beautiful world.

Sun Siyam Pasikudah marks New Year in style

Sun Siyam Pasikudah, part of the Prive Collection within The House of Siyam, celebrated the Sinhala and Tamil New Year on 14 April with a vibrant, full day programme that brought together guests and team members in true festive spirit, warm, lively, and centred around shared traditions and generous feasts.

OSC students take part in Slingshot Challenge

Three students from The Overseas School of Colombo (OSC) joined the Slingshot Challenge, a global initiative that aims to inspire youth, ages 13-18, to tackle the planet’s environmental issues.

IN10NT Digital launches ‘Island Impact’ to reposition Sri Lanka in global tourism market

IN10NT Digital, a Colombo-based digital strategy firm, has announced the launch of Island Impact, a focused initiative designed to strengthen Sri Lanka’s digital identity as a global tourism destination and translate the country’s post-crisis recovery into lasting, high-value growth.

Seylan Bank joins hands with ‘Samanolasiri Haritha Wandana’ project at Sri Pada

Seylan Bank recently joined hands with the ‘Samanolasiri Haritha Wandana’ project, assisting the ‘Clean Sri Lanka’ movement’s restoration of Sri Pada’s natural beauty. Uniting environmental and cultural responsibilities, the initiative reaffirmed the Bank’s commitment to safeguarding the country’s heritage for the future.

Sampath Bank Private Banking hosts Iftar

Sampath Bank Private Banking hosted an Iftar gathering at Cinnamon Life Colombo, welcoming valued clients for an evening that reflected the warmth, generosity, and cherished traditions of Ramadan.

Wycherley celebrates 40 years with landmark coffee table book

Wycherley International School recently marked a major milestone with the launch of its 40th Anniversary Coffee Table Book, a celebration of four decades of vision, dedication, and educational excellence.

SLT-Mobitel marks Sinhala & Tamil New Year with ESG initiative

In the spirit of the Sinhala & Tamil New Year, SLT-Mobitel extended its commitment to community upliftment through an inspiring Environmental, Social, and Governance (ESG) initiative at Sri Rathanasara Vidyalaya, kalapitiyagama, Hadunuwawa, an area recently affected by natural disaster.