Sri Lanka among countries to benefit from ADB’s US $ 4bn crisis package

The Asian Development Bank (ADB) has announced a US $ 4 billion financing package to help the countries cope with the economic fallout from the ongoing West Asia conflict, with Sri Lanka among 15 governments that have formally requested support.

CMTA warns of another Rs.40bn revenue leak from used vehicle tax break

Sri Lanka risks losing another Rs.40 billion in tax revenue this year, unless the authorities urgently scrap a long-contested concession granted on the used vehicle imports, according to the Ceylon Motor Traders’ Association (CMTA), which argued the measure is creating an unjustifiable advantage for the importers while depriving the Treasury of the much-needed funds.

Sri Lanka and India discuss labour law reform and knowledge sharing at ILC

On June 10, 2026, Labour Minister and Finance and Planning Deputy Minister Dr. Anil Jayantha Fernando held a bilateral meeting with India’s Labour and Employment State Minister Shobha Karandlaje, on the sidelines of the International Labour Conference (ILC).

Sri Lanka’s tech exports widen over traditional Ceylon Tea in early 2026

The knowledge-driven information and communication technology (ICT) and business process management (BPM) sector has decisively accelerated its lead over the traditional tea exports during the first four months of 2026, cementing a structural transformation in Sri Lanka’s export economy.

Baby Cheramy partners with German Lanka Friendship Hospital to uplift maternity care

Baby Cheramy announced that, as part of its purpose to support mothers with more holistic childcare, the brand has successfully implemented a special initiative in partnership with the German Sri Lanka Friendship Hospital in Galle.

JKCF strengthens leadership pipeline through Executive Development Programme

John Keells Consumer Foods Sector has reinforced its commitment to building future ready leadership with the graduation of 36 participants from the ‘Aspire’ Executive Development Programme 2025, a sector wide talent development initiative conducted in collaboration with the Postgraduate Institute of Management, University of Sri Jayewardenepura.

SLASSCOM partners BeyondOne to launch ‘National Virtual Internship Platform’

SLASSCOM together with BeyondOne, has launched an Internship Platform as a national initiative aimed at bridging the gap between academia and industry through a scalable virtual internship ecosystem.

AIA Higher Education Scholarship programme marks 31 years

AIA Insurance marked a significant milestone by celebrating 31 years of its Higher Education Scholarships Programme, one of the longestrunning corporate social responsibility initiatives in Sri Lanka.

Tokyo Cement marks World Environment Day planting mangrove saplings along coastline

The Tokyo Cement Mangrove Conservation Project has reached a significant milestone with the planting of 100,000 mangrove saplings along Sri Lanka’s coastline, marking a meaningful contribution on World Environment Day. This achievement reflects the long-standing collaboration between Tokyo Cement, the Sri Lanka Navy, local fishing communities, and likeminded conservation groups.

CA Sri Lanka channels cyclone relief contributions into new computer lab

Following an appeal to members and overseas chapters in the aftermath of Cyclone Ditwah, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has transformed the generosity of its global membership into a lasting educational initiative by establishing a fully-fledged computer laboratory at Shanmuganadan Tamil Maha Vidyalaya in Monaragala.

Delmege Consumer partners with Daraz

Strengthening the distribution network and expanding its digital footprint, Delmege Consumer (the FMCG cluster of the Delmege Group) has partnered with Daraz, Sri Lanka’s leading e-commerce platform, to offer customers a more convenient, seamless, and accessible way to purchase its extensive range of FMCG products online.

Asiri Central’s Kidney Transplant Centre sets records

Kidney transplantation at Asiri Health’s Asiri Central Hospital is setting a strong benchmark in advanced renal care in Sri Lanka, offering patients with chronic kidney disease and end-stage renal failure access to highly specialised, safe and comprehensive transplant treatment locally.

Cinnamon Grand Colombo celebrates Greek Cuisine with Chef Theo Michaels

Cinnamon Grand Colombo invites guests to embark on an Mediterranean culinary journey with ‘Celebrating Greek Cuisine,’ an exclusive dining experience featuring renowned chef Theo Michaels.

Peter Jasinghe elected NCC’s new President

The Annual General meeting of NCC was held on 26 March. At this AGM, Peter Jasinghe was elected as the new President and Neomal Perera the new General Secretary. Peter has previously held the post of Swimming Secretary, General Secretary and was the Vice President, before taking over the position of President.

‘Chrysalis’ recognised for SME development efforts

Sri Lanka’s small and medium enterprise (SME) sector took a significant step forward with the launch of the ‘National SME Strategy Framework – SME NEXUS’ in Colombo on 13 May.

One in three victims of tech-enabled abuse face real-world consequences, yet most never seek help: Kaspersky

The second part of Kaspersky’s global report on tech-enabled abuse reveals that the consequences of digital harm reach well beyond the screen. 34 percent of respondents reported real-life consequences — from withdrawing socially to leaving a job or dropping out of school. Yet despite the scale of impact, more than one in five victims took no action at all, often not out of indifference, but because they simply didn’t know where to turn.

Secondary market closes the week with buying sentiment

The secondary market witnessed a pickup in buying sentiment yesterday as the market responded positively to the de-escalation of the hostile situation in the Middle East, resulting in a modest easing in yields.

Week ends in green

Indices closed in green as a result of price gains in counters such as Hatton National Bank, Commercial Bank and John Keells Holdings with the turnover crossing Rs. 1.9 Bn.

Tea market turns bearish on stronger rupee

The auction offerings recorded a further increase and totalled 6.4 million kilogrammes (M/Kgs), Forbes & Walker Tea Brokers said.

CDB surpasses Rs.200bn asset milestone

Citizens Development Business Finance PLC (CDB) reported another year of strong financial and operational performance for the financial year ended March 31, 2026, surpassing the landmark Rs.200 billion asset milestone while recording profit after tax (PAT) of Rs.4.5 billion, reinforcing its position among Sri Lanka’s leading non-bank financial institutions.

Sri Lanka faces AI shake-up as 22.8% of jobs exposed

Nearly one in four Sri Lankan workers are exposed to generative artificial intelligence (AI), with professional and office-based occupations facing the greatest risk of disruption, prompting the government to place AI at the centre of its economic transformation strategy.

Govt. to launch export blueprint targeting US$ 36bn revenue by 2030

Sri Lanka will next week unveil a five-year national export strategy aimed at nearly doubling export earnings to US$36 billion by 2030, as the government seeks to shift the economy onto a stronger export-led growth path and reduce its dependence on domestic demand and external borrowing.

Tourism industry veteran Hiran Cooray expresses cautious optimism for winter amid bleak summer warnings

As Sri Lanka pursues an ambitious target of 2.5-3 million arrivals this year, Jetwing Hotels Chairman Hiran Cooray expressed cautious optimism for the upcoming winter season while warning of a highly challenging summer.

LYNEAR Wealth, Saskia Fernando Gallery partner to support Sri Lanka’s art ecosystem

LYNEAR Wealth Management and Saskia Fernando Gallery have entered into a strategic partnership aimed at supporting the continued growth and international recognition of Sri Lanka’s contemporary art ecosystem.

Asia Asset Finance to raise Rs. 1.5bn via rights issue to strengthen Tier 1 capital

Asia Asset Finance PLC announced a rights issue to raise approximately Rs. 1.5 billion to strengthen its Tier 1 capital and support future business volume expansion.

2037 maturity rejected at T-Bond auction

Secondary market yields moved slightly higher yesterday ahead of the auction, with the upward pressure most evident at the shorter end of the curve. However, following the auction, yields, particularly in the 2029-2030 maturity segment retraced to their pre-auction levels.

Indices close in red

Indices closed in red as a result of price losses in counters such as DFCC Bank, Commercial Bank and Dialog Axiata with the turnover crossing Rs. 1.6bn.

SL Embassy-VJSC host tourism promotion event in Ho Chi Minh City

The Embassy of Sri Lanka in Viet Nam, in collaboration with VJSC Co., Ltd, successfully co-hosted a tourism promotion event titled ‘Unlocking Sri Lanka’s Tourism Potential’ in Ho Chi Minh City on June 8, 2026.

Mastercard announces leadership changes

Mastercard has announced significant leadership appointments aimed at strengthening South Asia operations, by creating a more integrated model for Sri Lanka, the Maldives, Bangladesh, Nepal and Bhutan.

LOLC Finance strengthens regional presence

Further expanding its islandwide footprint, LOLC Finance PLC inaugurated its new Gelioya branch recently, at No. 67/1, Karamada, Gelioya.