Tysers clarifies position on NITF tender

Tysers notes the recent public commentary regarding the awarding of a reinsurance tender involving the National Insurance Trust Fund (NITF).

SL Business Council UAE chief meets CH17 Loyalty CEO

Sri Lanka Business Council (SLBC) UAE – Dubai and Northern Emirates Chairman Suren Swaminathan, who was on a brief visit to Colombo recently, met with CH17 Loyalty Founder and CEO Jumar Preena.

Shippers’ Council holds 55th Annual General Meeting

The 55th Annual General Meeting (AGM) of the Sri Lanka Shippers’ Council (SLSC) took place at Hilton Colombo recently.

SL’s plantation sector sounds alarm over 30% US tariff

The Planters’ Association of Ceylon (PA) has expressed grave concern over the US’ decision to impose a 30 percent tariff on Sri Lankan tea and rubber exports, set to take effect from August 1.

Janashakthi Finance celebrates 44 years of progress and purpose

Janashakthi Finance PLC (formerly known as Orient Finance PLC), a subsidiary of JXG (Janashakthi Group), celebrates its 44th anniversary, marking more than four decades of commitment to empowering Sri Lankans through innovative and inclusive financial solutions.

DFCC Bank launches SL’s 1st tailored financial solution for tuition professionals

In a pioneering move, DFCC Bank launched a unique suite of financial services under its DFCC Freelancer proposition, now specifically designed for Sri Lanka’s dynamic private tuition sector.

NDB Bank honoured with 8 SLIBFI Awards

NDB Bank reaffirmed its leadership in Sri Lanka’s Islamic banking sector by securing eight distinguished accolades at Sri Lanka Islamic Banking and Finance Industry (SLIBFI) Awards 2025, held recently.

LOLC Finance unveils Super Saver Account with higher returns

LOLC Finance has launched the LOLC Super Saver Account, a thoughtfully designed savings solution that offers the perfect balance between high returns and convenient access to funds.

ComBank and Jaffna University empower farmers and youth in climate-smart agriculture

Commercial Bank of Ceylon has partnered with the Faculty of Agriculture of the University of Jaffna to deliver hands-on training in smart farming technologies to 100 farmers in Kilinochchi, in a significant move to modernise Sri Lanka’s agriculture and strengthen food security in the face of climate change.

IMF stresses need for stronger revenue measures in Budget 2026

The International Monetary Fund (IMF) yesterday stressed the importance of firm fiscal discipline, as Sri Lanka prepares its 2026 national budget.

Urges financial sector reforms to support credit growth

The International Monetary Fund (IMF) called for targeted reforms in Sri Lanka’s financial sector, highlighting the need to address the systemic weaknesses to support the private sector credit growth and economic recovery.

Apparel exports rise nearly 9% in first half on strong EU, UK demand

Sri Lanka’s apparel exports grew 8.95 percent year-on-year (YoY) in the first half of 2025, driven by strong demand from the European Union (EU) and United Kingdom (UK), according to the provisional data released by the Joint Apparel Association Forum (JAAF).

Largest Ceylon black tea producer embraces mechanisation, drone technology and AI amidst labour shortage

Sri Lanka’s largest black tea producer, Hatton Plantations PLC (HPL), is embracing mechanisation, drone technology and artificial intelligence (AI) to navigate the challenges of a manual labour shortage and rising production costs, according to its 2024/2025 annual report.

Cartoon of the Day 26-07-2025: Caption This! (In The Comments)

China’s BYD to assemble EVs in Pakistan from 2026

Chinese electric vehicle giant BYD plans to roll out its first car assembled in Pakistan by July or August 2026 to capture growing demand for electric and plug-in hybrid vehicles in the region, a company executive said on Wednesday.

Tea auction prices stabilise on improved demand

The Colombo Tea Auction offerings totalled 6.0 million kilogrammes (M/Kgs), whilst noting a declining trend in the forthcoming sales.

Hotel Show Colombo 2025 kicks off

Sri Lanka’s largest hospitality trade show, Hotel Show Colombo 2025, held for the 17th time, kicked off in Colombo yesterday.

ASPI gains 2.6% during the week

The ASPI closed in green as a result of price gains in counters such as Central Finance Company, C T Holdings and DFCC Bank with the turnover crossing Rs. 4.2 Bn.

Mixed sentiment persists in secondary market amid moderate volumes

The secondary market continued to exhibit mixed activity, with moderate volumes and limited significant trades, extending the quiet sentiment observed in recent sessions.

ComBank supports preschool education in Sri Lanka in collaboration with UNICEF

The Commercial Bank of Ceylon recently handed over the fully refurbished Muthukumarana Preschool at Madagama in the Monaragala District, under a partnership with UNICEF to uplift the standard of preschool education in Sri Lanka.

AIA Insurance’s Suwa Walan campaign sparks national dialogue on breast cancer awareness

AIA Insurance’s Suwa Walan initiative has made a powerful impression at the Medicare – International Healthcare Exhibition, Sri Lanka’s largest healthcare event held recently. Conducted in collaboration with the Sri Lanka Cancer Society, Suwa Walan is a culturally inspired campaign designed to raise awareness about breast cancer and promote early detection.

SampathCards & Hilton Colombo collaborate to offer premium lifestyle privileges

SampathCards has announced an exclusive partnership with Hilton Colombo, offering its pre-mium cardholders the opportunity to indulge in a world of wellness, elegance, and convenience through a specially curated Hilton Sports Centre Membership plan.

Allianz Insurance Lanka conducts second drug prevention awareness session

Allianz Insurance Lanka Ltd., recently conducted the second session of its Drug Prevention Awareness Programme at Hemamali Maha Vidyalaya, Galahitiyawa, Ganemulla, reaching over 350 students with vital knowledge on early prevention and healthy decision-making.

Fashion Bug awarded Best Retail Textile Brand of 2025

Fashion Bug has been recognised as the Best Retail Textile Brand of the Year at the Asia Miracle Awards 2025, reaffirming its position as a leader in the industry.

David Pieris Group donates computer lab to Kalaimagal Maha Vidyalayam

The David Pieris Group, through its Social Welfare Committee, has donated a fully equipped computer laboratory to Myiliddy North Kalaimagal Maha Vidyalayam in Kankasanthurai, a school located in a recently resettled area in the Northern Province.

Janashakthi Life ‘Nidahas Adahas’ Art Competition approaches 20,000 entries

Janashakthi Life marks a significant milestone as it hosts the ‘Nidahas Adahas’ Art Competition for the 3rd consecutive year, drawing close to 20,000 entries and showcasing the vibrant creativity of Sri Lanka’s youngest generation.

Enfection launches Sri Lanka’s first Interactive AI Avatar for Annual Reports

Enfection Private Limited, a martech innovator, has set a new benchmark in corporate communications with the launch of Sri Lanka’s first AI-powered interactive avatar agent for annual reports.

Perera & Sons celebrates 123 years in business

P&S (Perera & Sons), one of Sri Lanka’s iconic homegrown brands, celebrated its remarkable 123-year journey on 17th July 2025, marking generations of trust, taste and shared memories.

Fairway Holdings ‘Art & Jazz on the Street’ brings life to Colombo Fort

Art & Jazz on the Street, a vibrant monthly event by Fairway Holdings & Fairway Colombo, is transforming Colombo Fort into a hub of creativity and culture.

Top-performing Lotus Tyre dealers rewarded

Samson Rubber Industries, the manufacturer and distributor of Lotus Tyres, recently rewarded its top-performing dealers and their families with overseas and local travel experiences offering trips to Bangkok for the top achievers and a relaxing two-day stay at the RIU Hotel in Ahungalla for other high-performing dealers.