ComBank with Hayleys Agriculture helps farmers acquire modern technology

Commercial Bank of Ceylon has partnered with Hayleys Agriculture to offer customised leasing and loan facilities to farmers investing in high-quality agricultural machinery supplied by Hayleys Agriculture, in a move designed to strengthen Sri Lanka’s vital agriculture sector through affordable access to modern equipment.

BCS launches NBQSA 2025

The BCS – The Chartered Institute for IT has once again marked a significant milestone with the successful launch of the 27th edition of National ICT Awards – NBQSA 2025, continuing its nearly three-decade legacy of recognising and rewarding innovation in Sri Lanka’s ICT sector.

HNB Leasing-Senok power commercial mobility with Eicher

HNB PLC announced a new partnership with Senok Commercial Vehicles (Pvt.) Ltd, the authorized distributor for Eicher vehicles in Sri Lanka, to provide flexible and accessible leasing solutions for customers looking to invest in reliable commercial transportation.

Blue Ocean Group and BOI ink US $ 3.38mn project

Blue Ocean Group inked a US $ 3.38 million project with Sri Lanka’s Board of Investment (BOI), strengthening its position with business continuity.

Singer Finance-DIMO expand customer benefits

Singer Finance PLC has entered into a strategic partnership with Diesel & Motor Engineering PLC (DIMO) to offer enhanced financial solutions to a wider customer base across the island.

Maldives premier culinary and hospitality event sees 200% increase in participants this year

The Hotel Asia Exhibition is back with one of the most important events in the Maldives, in terms of hospitality, with its famous culinary competition.

AMW and Orient Insurance uplift collision repair services

Associated Motorways (Pvt.) Ltd (AMW), one of Sri Lanka’s leading and most trustworthy names in the automative sector and sole distributor for Nissan and Suzuki, recently signed a memorandum of understanding (MoU) with Orient Insurance, a leading insurance provider.

Rodrigo to helm Nation Lanka Finance as CB-appointed administrator

The Central Bank (CB) has appointed P.W.D.N.R. Rodrigo as the administrator for the financially distressed Nation Lanka Finance PLC (NLFP), effective July 4, 2025.

Cement demand climbs to 4.7mn MT

But industry faces headwinds, says Tokyo Cement

NTC pushes digital shift with transit cards, Google Maps despite audit heat

The National Transport Commission (NTC) is advancing its plans to modernise Sri Lanka’s public transport system by introducing a prepaid transit card and integrating bus routes into Google Maps.

Potential Trump tariffs could trigger 50,000 job losses initially, warns FTZMA

Sri Lanka’s economy is bracing for a potential shockwave, as the Free Trade Zone Manufacturers Association (FTZMA) warns that the proposed tariffs by President Donald Trump could lead to a loss of approximately 50,000 jobs in the initial stages and render the nation uncompetitive in the South and Southeast Asian region.

Colombo Dockyard launches Rs.12.9bn rights issue

Colombo Dockyard PLC announced plans to raise over Rs.12.93 billion via a rights issue, offering 323.4 million new ordinary voting shares, at Rs.40.00 each, as the shipbuilding and repair company seeks to shore up its financial position and address the operational funding pressures.

Shippers’ Council defends freight rule against calls for review

The Sri Lanka Shippers’ Council (SLSC) yesterday mounted a defence of the nation’s state-mandated all-inclusive freight regulation, as the government signals willingness to review the regulation.

Week begins with foreign buying

Indices closed in red as a result of price losses in counters such as Melstacorp, Hatton National Bank and Commercial Bank with the turnover crossing Rs. 2.4 Bn. High net worth and institutional investor participation was noted in C T Holdings, Cargills and John Keells Holdings. Mixed interest was observed in Dipped Products, Access Engineering and Commercial Bank whilst retail interest was noted in Lanka Walltiles, Hela Apparel Holdings and Wata

SLASSCOM courts Indian tech giants with ‘tier-two city’ pitch

Sri Lanka’s IT/BPM industry has unveiled an aggressive new strategy to court the Indian tech giants, positioning the island nation as a premier “alternative tier-two city” for companies looking to expand and diversify their operations. The initiative was announced by the newly elected Sri Lanka Association for Software and Services Companies (SLASSCOM) Chairperson Shehani Seneviratne and is central to a renewed effort aimed at boosting the nation

Thin trading leaves yield curve on a standstill

Trading in the secondary market started the week with subdued activity, leaving the yield curve largely unchanged. Notable trades included the 15.02.2028 and 15.03.2028 maturities trading at the rate of 8.75%, while the 01.05.2028 and 15.06.2029 maturities exchanged hands at the rates of 8.80% and 9.35%, respectively.

Spa Ceylon and Shangri-La Colombo take fine dining to new heights

Luxury Ayurveda chain Spa Ceylon and Shangri-La Colombo, together with Mastercard, took fine dining to new heights by hosting an exclusive multi-sensory, immersive dining experience, on par with international standards.

Imperial College of Business Studies celebrates 40th anniversary

Imperial College of Business Studies (ICBS) marked a significant milestone as it celebrated its 40th anniversary with its university partners, lecturers, corporate partners and staff at a gala event held in Cinnamon Life recently. The college’s history dates back to 1985, where the institution over the years has grown from its beginning as Colombo Business School into one of the country’s leading business schools known for its academic and profe

MCI fertilizers strengthen agriculture in Northern Province

Lanka Bio Fertilizers (Pvt) Ltd, one of Sri Lanka’s leading manufacturers and distributors of Hybrid Pellet Fertilizers, NPK Compound Fertilizers, and Biofertilizers, continues to make significant strides in transforming the agricultural landscape of the country.

SriLankan Airlines and Tourism Malaysia host media familiarisation tour

SriLankan Airlines, together with the Malaysia Tourism Promotion Board, recently hosted a group of Sri Lankan journalists on a familiarisation (FAM) tour of Malaysia, aimed at strengthening travel and tourism ties between the two countries.

Scanwell Logistics hosts AGM in Colombo

Scanwell Logistics hosted its Annual General Meeting (AGM) in Sri Lanka recently, bringing together over 100 senior leaders and delegates from more than 65 global stations.

Sysco LABS Academy codes tech career possibilities for next generation

Sysco LABS recently launched ‘Sysco LABS Academy’, a learning and mentoring initiative that immerses school students in the possibilities and realities of the tech industry and modern workplace dynamics.

Sri Lanka needs permanent negotiators, not ‘retired officers’ for trade wins: Expert

A top Sri Lankan trade economist has called for a strategic overhaul of the nation’s approach to international trade deals, urging investment in a permanent, skilled institutional framework for negotiations rather than relying on ad-hoc teams of retired officials.

June tourism earnings tad higher at US$ 170mn

Earnings from tourism trade rose in June to US$ 169.5 from US$ 164.1 million in May 2025 and US$ 151.1 million in the same month last year as arrivals continued to come in at higher than a year ago levels although fell short of the target levels.

Capital, talent policy overhaul key to US$ 15bn digital economy: Dr. Hans

The Chief Advisor to the President on Digital Economy Dr. Hans Wijayasuriya has called for an urgent overhaul of policies governing capital and talent mobility, declaring such reforms “non-negotiable” to achieve the nation’s ambitious goal of creating a US$ 15 billion digital economy.

Sri Lanka’s proposed beneficial ownership register sparks debate

Proposed amendments to Sri Lanka’s Companies Act of 2007, mandating the creation of public beneficial ownership registers, have ignited considerable discussion within the nation’s business and legal communities.

Suspension of Perpetual Treasuries extended

The Central Bank of Sri Lanka (CBSL) has extended the suspension of Perpetual Treasuries Limited (PTL) from operating as a Primary Dealer for an additional six months, effective 5 July, 2025.

CSE-SEC-SLID-KPMG host Family Business Forum

The Colombo Stock Exchange (CSE), in collaboration with the Securities and Exchange Commission of Sri Lanka (SEC), Sri Lanka Institute of Directors (SLID) and KPMG, recently hosted a successful Family Business Forum themed ‘Building a Lasting Family Legacy: A Strategic Approach to Growth and Continuity’.

Home Lands Group invests Rs.4.5bn to acquire large Thummulla property

Sri Lanka’s number one and most trusted real estate powerhouse Home Lands Group successfully concluded the acquisition of nearly one acre of Colombo city land in Thummulla, at a record Rs.29 million per perch, the highest ever amount paid per perch in the history of Colombo.

NDB-WNPS nurture next generation of environmental leaders

In a powerful step toward environmental sustainability and youth empowerment, NDB Bank announced its partnership with the Wildlife and Nature Protection Society (WNPS) to support the expansion of the WNPS Youth Wing’s Education for Conservation programme to 10 schools in the Kurunegala district.