Xapp redefines savings with 7.50% returns and total liquidity

As traditional savings accounts continue to offer returns that barely outpace inflation, a growing number of financially savvy consumers are making the switch to Xapp, a next-generation investment platform offering a compelling return of 7.50 percent per annum as of May 19, 2025, with the added flexibility of full liquidity.

MiHCM featured at Microsoft Build 2025 for Agent Service APIs

MiHCM was prominently featured at the prestigious Microsoft Build 2025 event, following its recent integration with Microsoft’s Azure AI Foundry Agent Service in May 2025.

Port City Colombo commemorates tenant handover of Business Centre

Port City Colombo commemorated the formal handover of office space to key anchor tenants with a special ceremony held recently.

Future Minds 2025 holds sponsor launch, 20-year celebration

In a momentous celebration of two decades of empowering Sri Lanka’s youth, Future Minds 2025 Sponsor Launch and 20-Year Celebration was held in grandeur recently at Hilton Residencies, Colombo.

Sunshine Holdings-IFC to enhance women’s employment, foster respectful workplaces

Sunshine Holdings PLC partnered with the International Finance Corporation (IFC), a member of the World Bank Group, to implement a comprehensive women’s employment advisory programme aimed at enhancing women’s employment opportunities and creating respectful workplaces.

Polycrome marks 45 years of service

Polycrome Electrical Industries (Pvt.) Ltd, a pioneering name in Sri Lanka’s electrical manufacturing sector, celebrated 45 years of dedicated service, innovation and excellence.

Maxxis rewards dealers

Maxxis Annual Awards Night under the theme ‘Maxxis Committed to Conquer’ was held recently at Shangri-La Hotel, Colombo, under the distinguished patronage of chief guest of Maxxis Thailand International Vice President Lenny H. K. Lee.

CEAT Kelani wins 17 Golds for quality improvement projects

CEAT Kelani Holdings won 17 Golds at National Convention on Quality and Productivity (NCQP 2025) for quality improvement projects (QIPs) conducted in the past one year, more than doubling the number of Golds the company won at this event in 2024.

Omega Line wins multiple BMPC Awards

Omega Line Ltd, Sri Lanka’s largest exporter of apparel to the European market, has won four prestigious awards at the Institute of Chartered Professional Managers (CPM) of Sri Lanka’s Best Management Practices Company Awards (BMPC) 2025.

May tourist arrivals top pre-COVID highs

The tourist arrivals to Sri Lanka in May 2025 climbed to 132,191, exceeding pre-pandemic levels and reinforcing momentum toward the country’s full-year tourism target of three million visitors and US $ 5 billion in revenue.

President draws red line on tax relief

Sri Lanka’s private sector received a firm directive from President Anura Kumara Dissanayake yesterday, who said businesses “must pay fair taxes” and not seek tax revisions for industry development.

CDS ties up with Sampath Bank to simplify overseas investor onboarding

The Central Depository Systems (CDS), a subsidiary of the Colombo Stock Exchange (CSE), has signed an agreement with Sampath Bank PLC to streamline the opening of Inward Investment Accounts (IIAs) for non-resident foreign individuals investing in Sri Lanka.

Alpha Fire sees 58% ownership shift

A controlling stake in Alpha Fire Services PLC has changed hands, following the sale of over 58 percent of the company’s capital, according to a stock exchange filing yesterday.

eChannelling sees uptick in digital consultations

A steady rise in digital health adoption across Sri Lanka is translating into a stronger top-line performance for eChannelling PLC, the nation’s leading digital health platform, as consumer behaviour shows increasing reliance on virtual healthcare access.

SriLankan Airlines’ new A330-200 to debut with Colombo fly-past

SriLankan Airlines’ new Airbus A330-200 is set to touch down in Sri Lanka on Wednesday, June 4, 2025.

Mixed interest marks start of trading week

The week kicked off with a wave of mixed sentiment sweeping through the secondary market.

Week begins on a positive note

Indices closed in green as a result of price gains in counters such as Sampath Bank, DFCC Bank and National Development Bank with the turnover crossing Rs. 5.8 Bn.

CDB delivers record-breaking results for FY 2024/25

Citizens Development Business Finance PLC (CDB) has announced a historic performance for FY 2024/25, delivering record-breaking results and reinforcing its strategic ascendancy as a key contributor to Sri Lanka’s economic revival and inclusive development.

CEAT voted Sri Lanka’s ‘Most Loved Tyre Brand’ by LMD

CEAT has been voted Sri Lanka’s ‘Most Loved Tyre Brand’ in 2025 by the country’s leading business magazine LMD.

ClinicalPad debuts in Sri Lanka

At the 26th BioInquirer Research Forum hosted by the International Institute of Health Sciences (IIHS), UK-based health tech startup ClinicalPad introduced a platform that is driven to reducing the administrative burden on medical professionals and transforming how clinical data is captured, shared, and acted upon.

Finance Secretary Mahinda Siriwardana to retire

Mahinda Siriwardana, the current Secretary to the Ministry of Finance, will retire from his post at the end of this month, President Anura Kumara Dissanayake announced yesterday.

DFCC Bank shines at ADFIAP 2025; set to host 49th AGM

DFCC Bank PLC represented Sri Lanka at the 48th Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Annual Meeting held from 23rd to 25th April in Muscat, Oman.

IPD Colombo and SLIIT join to establish Power Systems Laboratory

In a landmark collaboration aimed at enhancing industry-ready education for engineering students, IPD Colombo (Pvt) Ltd. has partnered with the Sri Lanka Institute of Information Technology (SLIIT) to launch the first-ever IPD Power Systems Laboratory at the SLIIT Malabe campus.

ADB supports SL’s first performance based NRW PPP project in Galle

The Asian Development Bank (ADB) is supporting the Government of Sri Lanka in developing the country’s first performance-based public–private partnership (PPP) to reduce non-revenue water (NRW) in Galle, a key coastal city in the south.

SLASSCOM deepens engagement with India through strategic ICT collaboration

As part of ongoing efforts to strengthen regional cooperation in the ICT sector, the Sri Lanka Association for Software Services Companies (SLASSCOM) recently met with Santosh Jha, High Commissioner of India to Sri Lanka, and Devika Lal, First Secretary (Economic & Commercial), for a focused discussion on deepening collaboration between Sri Lanka and India’s thriving technology ecosystems.

Top tech firms empower SL’s BFSI sector with Next-Gen Cybersecurity Solutions

MillenniumIT ESP, in partnership with Cisco and Inflow Technologies, recently hosted a specialised event titled “Trust. Protect. Secure. – Redefined Security for BFSI” at Studio Hall, Cinnamon Life.

Sri Lanka Institute of Marketing launches DIGIS 2.5

The Sri Lanka Institute of Marketing (SLIM) has officially announced the launch of SLIM DIGIS 2.5, the country’s premier platform recognizing innovation and impact in digital marketing.

Acuity honoured among Top 25 employers of CFA Charterholders

Acuity Knowledge Partners was recently recognised among the top 25 employers of CFA Charterholders and candidates in Sri Lanka at the second edition of the Employer Recognition Program.

NDB Bank launches up-skilling programme for women entrepreneurs

NDB Bank together with News 1st, is to unveil the next phase of the Sri Lanka Vanithabhimana initiative, a long-term sustainability model aimed at nurturing and advancing women entrepreneurs.

External sector stays resilient in April despite import surge

Sri Lanka’s external sector showed steady footing in April 2025, holding its ground amid mounting import pressure, as the country posted a current account surplus for the fourth consecutive month, thanks to strong inflows from tourism and worker remittances.