Heritance Aarah wins Tripadvisor’s Travelers’ Choice Award again

Recognised amongst the Top 1 percent of Hotels Worldwide for Unmatched Premium All-Inclusive Exclusivity in the Maldives, Heritance Aarah announced that it has once again been named a Travelers’ Choice Best of the Best winner by Tripadvisor for 2025 marking its fourth consecutive year receiving this coveted accolade.

Central Bank Governor to address Ceylon Chamber’s 186th AGM

The Ceylon Chamber of Commerce will hold its 186th Annual General Meeting on June 26th at 5.30 p.m. at The Studio, Cinnamon Life.

Recalibrating Aswesuma: A move towards a dynamic and adaptive social registry in Sri Lanka

In April this year, the Cabinet approved the expansion and extension of Aswesuma. This is timely, as strengthening social protection remains a critical priority as Sri Lanka continues to grapple with the aftermath of its economic crisis. However, Aswesuma’s effectiveness, especially in terms of its impact on household welfare, will depend on its ability to identify the beneficiaries.

CEAT to help Pizza Hut riders deliver their delectables safer and smarter

About 800 riders who make a living delivering pizzas and fast food items before they cool, can accomplish their task in safety as a result of a collaboration between CEAT Kelani Holdings and Gamma Pizzakraft Lanka (Pvt) Ltd., the sole franchisee for Pizza Hut and Taco Bell in Sri Lanka.

PIM signs MOU to enroll Customs officers for MBA in CIT

Customs officers are to enroll to the fourth batch of Master of Business Administration in Customs and International Trade (MBA-CIT) by the Postgraduate Institute of Management (PIM).

Fashion Bug among SL’s Most Loved Corporate Brands

Fashion Bug has been recognised as one of Sri Lanka’s Top 50 Most Loved Corporate Brands and has also been named among the Most Loved Clothing Store Brands in LMD’s Brands Annual 2025.

hSenidBiz closes FY2025 with strong fourth quarter results

hSenid Business Solutions PLC (hSenidBiz) has reported its financial results for the fourth quarter of FY2025, with a strong topline performance and continued margin improvements.

Sri Lanka Tourism surges in early June as sector awaits gathering storm from M.east conflict

Sri Lanka’s tourism sector registered robust growth in the first ten days of June, welcoming 43,962 visitors.

Central Bank collects US$ 257mn in foreign exchange in May

The Central Bank (CB) continued its robust purchasing of foreign currency from the local banking system in May, as strong inflows from remittances, tourism, and resilient exports helped the monetary authority rebuild its reserve buffer.

Private sector credit expands by Rs. 87bn in April

Credit to Sri Lanka’s private sector continued its expansionary trend in April, growing by Rs.87 billion, despite a seasonal moderation in activity due to the Sinhala and Tamil New Year holidays.

VAT refund seekers must file electronically from July 1: IRD

In taking a leap towards digitalisation and efficiency, the Inland Revenue Department (IRD) has announced that all taxpayers seeking Value Added Tax (VAT) refunds will be required to file their returns electronically, effective July 1, 2025.

Stock market closes the week positively, despite Friday’s dip due to Middle-East tensions

The Colombo Stock Exchange (CSE) ended the week on a positive note. Despite a significant drop on Friday due to rising geopolitical tensions in the Middle East following a major attack by Israel on Iran, the overall market performance remained strong.

SLYCAN Trust presents draft MAP guidelines to key Sri Lankan stakeholders

SLYCAN Trust hosted a stakeholder gathering recently at NH Collection Colombo as part of the Multi-Actor Partnership (MAP) for Climate and Disaster Risk Management and Finance initiative.

Abans propels LG to No. 1 home electronics brand in Sri Lanka

Signifying the strength of brand partnerships and commitment to quality, Abans has successfully propelled LG to the top of the Sri Lankan home electronics market, in a remarkable feat.

NOCU updates stakeholders on organic standard, regulatory framework

A stakeholder awareness programme on the recent revisions to the Sri Lankan organic standard and regulatory framework was successfully held at the Sri Lanka Export Development Board (EDB).

Godrej Sri Lanka donates Peet-Grady chamber to MRI

In a significant move to support Sri Lanka’s public health infrastructure, Godrej Sri Lanka has donated a Peet-Grady chamber—a specialised entomological research facility, to the Medical Research Institute (MRI) in Colombo.

CCC sets up Local Stationery Manufacturers Association

The Association of Local Stationery Manufacturers (ALSM) was officially inaugurated last week, marking a significant milestone for Sri Lanka’s stationery sector.

Western Power Company’s WtE plant converts illicit cigarettes into electricity

In collaboration with Sri Lanka Customs and Ceylon Tobacco Company PLC, Western Power Company (Pvt.) Ltd, a subsidiary of Aitken Spence PLC, facilitated the secure thermal destruction of a large consignment of illicit cigarettes.

Roar Media to represent SL at Cannes Lions Int’l Festival of Creativity

Roar Media announced that two of its rising creative talents, Senior Creative Associate Verandhi Wadugodapitiya and Creative Designer Ayesha Weerarathne, would represent both Sri Lanka and Roar Media at the prestigious Cannes Lions International Festival of Creativity 2025.

Family business continuity and strategic growth-focused forum tomorrow

The Sri Lanka Institute of Directors (SLID) will conduct a family business forum on June 17, 2025, at Cinnamon Grand Colombo, commencing at 5:30 p.m.

ComBank-Senok unveil special offers on construction machinery, equipment

Companies in the construction sector have been provided an opportunity to acquire new equipment through affordable leasing options created via a collaboration between Commercial Bank of Ceylon and Senok Trade Combine (Pvt.) Ltd, which represents global brands in construction machinery and equipment.

NDB Araliya unveils exciting gifts

In keeping with its commitment to empowering women through meaningful financial solutions, NDB introduces exciting gifts from NDB Araliya, ‘to women who empower the nation’.

Pan Asia Bank among elite top 10 of country’s most awarded companies

Pan Asia Bank has surged ahead, claiming its place among Sri Lanka’s most celebrated institutions—recognised for its bold leadership in CSR, SME development, ESG initiatives, digital transformation and marketing innovation.

ASUS launches AI-powered Expert PC series

ASUS, a global leader in cutting edge technology and innovation, announced the launch of the highly anticipated and all-new ASUS Expert series at an exclusive event in Colombo.

FITIS gears up to make Sri Lanka a digital hub in Asia

The Federation of Information Technology, (FITIS) declared to make Sri Lanka the leading innovation and digital economic hub in Asia by fostering emerging technologies, enabling a future-ready workforce and driving sustainable digital transformation that enhances global competitiveness and inclusive prosperity.

SMB Finance surpasses Rs.6bn assets

SMB Finance PLC has marked a significant milestone in its journey by surpassing a total asset base of Rs.6 billion, within a mere two years of obtaining its finance business licence.

CBSL welcomes IMF First Deputy Managing Director Dr. Gita Gopinath

Governor of the Central Bank of Sri Lanka Dr.Nandalal Weerasinghe, together with senior officials of the CBSL welcomed Dr. Gita Gopinath, First Deputy Managing Director of the International Monetary Fund (IMF) and Dr. Krishna Srinivasan, Director of the Asia and Pacific Department (IMF) along with other senior officials.

S’pore’s Q Collection establishes apparel manufacturing operations in SL

Q Collection Pte. Ltd, a Singapore-based apparel manufacturer recognised for its operational excellence and product diversification, has announced the establishment of manufacturing operations in Sri Lanka with a strategic support from Hela Apparel Holdings PLC, a leading global apparel solutions provider.

George Steuart sells over 10% stake in HVA Foods via market trades

HVA Foods PLC, known for its Heladiv brand, on Thursday announced that its majority shareholder George Steuart & Company Ltd divested more than 10 percent of the company’s issued voting shares through a series of market transactions.

People’s Bank triumphs at AICPA & CIMA - JXG Pinnacle Awards 2025

In a resounding affirmation of its industry leadership and commitment to excellence, People’s Bank secured multiple prestigious awards at AICPA & CIMA - JXG Pinnacle Awards 2025, held on June 11, at Cinnamon Life, Colombo.