Bhutan’s Queen Mother commends MTI’s strategy consulting contribution

MTI Consulting, led by its CEO Hilmy Cader, met with Queen Mother of Bhutan Dorji Wangmo Wangchuck, Founding President of the Tarayana Foundation, for whom MTI had the privilege of developing a strategic plan.

SVAT reversal threatens export competitiveness, SLFFA warns

The Sri Lanka Logistics and Freight Forwarders Association (SLFFA) has joined the calls for urgent government action after the removal of the Simplified Value Added Tax (SVAT) scheme, warning the move could squeeze cash flows and undermine the country’s export sector.

Ceylon Chamber urges investor-friendly reforms in draft PPP Bill

The Ceylon Chamber of Commerce (CCC) yesterday urged the government to strengthen the draft Public-Private Partnership (PPP) Bill to make it more investor-friendly, while welcoming the government’s effort to establish a framework for private sector participation in infrastructure and services.

Sri Lanka opens AI gates with free Google Gemini for students

Sri Lankan students will soon gain free access to Google’s Gemini Advanced research tools and a suite of digital resources, following months of collaboration between the government and tech giant, the Digital Economy Ministry announced yesterday.

New Sri Lanka-China ‘Trusted Trader’ programme aims to certify 200 local firms by mid-2026

The Sri Lanka China Business Cooperation Council (SLCBCC) has launched a new ‘Trusted Trader’ certification, projecting that 150 to 200 Sri Lankan companies will be certified by mid-2026

Week begins with gains

The ASPI closed in green as a result of price gains in counters such as Carson Cumberbatch, Melstacorp and John Keells Holdings with the turnover crossing Rs. 4.2 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Commercial Bank, Renuka Foods and Prime Lands Residencies. Mixed interest was observed in LB Finance, Associated Motor Finance Company and Watawala Plantations whi

Dull market sentiment leads to quiet week start

Following last week’s mixed sentiment, the secondary market yield curve experienced low activity and volumes, with market sentiment turning subdued at the start of the week.

Ericsson veteran Mats Hultin takes board seat at Rootcode, signals new era of growth

In a significant move for Sri Lanka’s technology sector, Mats Hultin, the former CIO of global telecommunications giant Ericsson, has joined the Board of Directors of Rootcode, one of the nation’s most promising advanced technology firms. This strategic partnership signals a new phase of ambitious global expansion for the company. With a distinguished career spanning over three decades at the pinnacle of the tech industry, Hultin brings a wealth

‘Purple Service’ by Healthguard redefining SL’s pharmacy experience

At first glance, a pharmacy visit might seem routine: a quick stop to pick up a prescription, a box of vitamins, or some advice on managing a nagging cough.

SLEIS 2025 to explore the new age of diversified exports

The Sri Lanka Economic & Investment Summit 2025, themed “Gateway to Growth: Asia’s Emerging Opportunity”, is to be held on December2–3 at the Shangri-La Colombo.

CSE Masterminds Quiz offers over Rs. 3.5 mn in prizes for 7th Edition

The Colombo Stock Exchange (CSE) announced the seventh edition of the CSE Masterminds Quiz on 17th October from 3.00 p.m. onwards at the Shangri-La Colombo.

National ICT Awards ‘NBQSA 2025’ to be held on October 10

The National ICT Awards (NBQSA) 2025, is set to take place at the Taj Samudra Hotel, Colombo on October 10. Organized by BCS, The Chartered Institute for IT – Sri Lanka Section and the National ICT Awards Trust, the annual ceremony continues its tradition of honouring innovation, creativity, and technological leadership across the nation.

Carmart unveils ‘Leapmotor C10’ to combat EV range anxiety

One of the greatest concerns consumers have about choosing an electric vehicle is range anxiety from running out of charge, especially in a deserted area. Carmart provided a solution to this with the Leapmotor C10 REEV (Range Extender EV) – an electric SUV that doesn’t need to be plugged in and charged.

CEAT Kelani scores double win at World HRD Congress Sri Lanka awards

CEAT Kelani Holdings has been recognised as Sri Lanka’s Employer Brand of the Year 2025, while its Vice President – Human Resources, Thushara Hettithantrige, was honoured as a ‘Topmost HR Leader of Sri Lanka’ at the 2025 World HRD Congress Sri Lanka awards presentation held in Colombo recently.

Ceylinco Life team participates in leadership training in Malaysia

An eight-member team from Ceylinco Life recently attended a five-day training programme in Kuala Lumpur, Malaysia, on the theme ‘Lead Forward’.

Gayani de Alwis at helm of WCIC for 2nd year

The Women’s Chamber of Industry and Commerce (WCIC) conducted its 40th Annual General Meeting (AGM) recently, with Gayani De Alwis commencing her second term as Chairperson for the period 2025/2026, as per the constitution of the WCIC.

Central Bank releases Sri Lanka Socio-Economic Data - 2025 publication

Sri Lanka Socio-Economic Data – 2025, the annually published data folder of the Central Bank, is now available for public information.

Hemas Consumer Brands shines at SLIM Digis 2.5

Hemas Consumer Brands (HCB) reaffirmed its leadership in Sri Lanka’s Personal Care and FMCG sectors by emerging as one of the most awarded organisations at the recently-concluded SLIM Digis 2.5 Awards.

Police, Customs and Revenue Depts. top corruption lists

In a candid and data-driven address, the head of Sri Lanka’s anti-corruption watchdog has revealed that the public institutions are perceived as the most corrupt by citizens, while simultaneously identifying a separate list of state bodies whose corrupt activities inflict the most severe damage on the national economy.

CB to tighten oversight on crypto service providers amid money laundering concerns

In a move to crack down on potential money laundering, the Central Bank of Sri Lanka announced it will soon mandate that all cryptocurrency (crypto) and virtual asset service providers register with the government to continue their operations.

Public sector wages now ‘fair’, no longer an excuse for corruption, says Anti-Graft Chief

The long-held excuse that low public sector salaries contribute to a culture of corruption is no longer valid, according to the head of Sri Lanka’s anti-corruption commission.

SLT-Mobitel shelves privatisation, pivots to strategic partnerships

In a significant policy shift, SLT-Mobitel is moving away from full-scale privatisation as previously planned and will instead pursue strategic partnerships to drive innovation and growth.

CPCEC welcomes tougher investment rules, citing enhanced transparency and stability

The Colombo Port City Economic Commission (CPCEC), in a media statement, has publicly endorsed a new, more stringent investment incentive framework, framing the move as a crucial step toward enhancing investor confidence.

Assetline Finance to raise Rs. 5bn through inaugural debenture issue

Assetline Finance Limited (AFL), the financial services arm of the David Pieris Group, has announced its first-ever foray into the listed debt capital market with a planned Rs. 5 billion debenture issue.

ASUS and Singer target ‘hybrid’ user market with new gaming V16 laptop in Sri Lanka

Global technology leader ASUS, in a significant strategic move with its exclusive retail partner Singer Sri Lanka PLC, has launched the new ASUS Gaming V16 (V3607) laptop.

HNB Assurance wins Silver at Dragons of Sri Lanka 2025 Awards

HNB Assurance bagged a Silver at the Dragons of Sri Lanka 2025 Awards for its Virtual Avurudu Village campaign, under the Digital Category.

Arava honoured as Most Innovative Entrepreneur of the Year

Arava Private Limited, a pioneering exporter of coconut-based products, was honoured with the prestigious Most Innovative Entrepreneur of the Year 2025 – Gold Award (Extra-Large Category, National Level), at the Entrepreneur of the Year Awards organised by the Federation of Chambers of Commerce and Industry of Sri Lanka.

DFCC Bank’s digital marketing excellence recognised at SLIM Digis 2.5

DFCC Bank PLC has been recognised for its leadership in digital marketing at SLIM Digis 2.5 Awards 2025, securing a Merit award for Best Use of AI Technologies and a Silver award for Best SEO/SEM Campaign.

MOVA-FILMBASE to bring next-gen smart glass, LED film solutions to SL

MOVA, a rising leader in furnishing and technology-driven interior solutions, has officially partnered with Shenzhen FILMBASE Technology Co., Ltd, China, to introduce the most advanced smart glass and LED film solutions to Sri Lanka.

SLICGL concludes General Insurance Summit 2024

Sri Lanka Insurance Corporation General Limited (SLICGL) successfully concluded its prestigious General Insurance Summit 2024 recently at Shangri-La Hambantota.