SLASSCOM’s exclusive leadership skills bootcamp returns

The highly anticipated ‘Bring Out the Leader in You’ leadership skills bootcamp, organised by the SLASSCOM Women Technopreneurs Forum in partnership with SLASSCOM Academy, is back by popular

Bank of Bhutan selects MTI for corporate strategy

The Bank of Bhutan has retained the services of MTI Consulting to develop its six-year corporate strategic plan, with a strategic thrust on AI integration and digital transformation.

Enhanced Amana Bank Kids empowers savers

Amana Bank has introduced an enhanced range of children’s savings products under the banner of Amana Bank Kids.

Allianz Insurance Lanka shines at Great Managers Awards

Allianz Insurance Lanka Ltd was recognised once again as a Company with Great Managers at Great Managers Awards 2024, held recently at Cinnamon Grand Colombo.

John Keells Foundation celebrates 20 years

John Keells Foundation (JKF), the corporate social responsibility (CSR) entity of the John Keells group, marked its 20th anniversary with a special event recently for its key stakeholders representing the

DFCC Bank joins Partnership for Carbon Accounting Financials

DFCC Bank announced its official membership in the Partnership for Carbon Accounting Financials (PCAF), reaffirming the bank’s enduring commitment to sustainable finance, transparency and climate

NCE emphasises critical importance of GSP+ to Sri Lanka’s export sector

The National Chamber of Exporters of Sri Lanka (NCE) emphasises the strategic importance of the European Union’s (EU) Generalised Scheme of Preferences Plus (GSP+) in bolstering Sri Lanka’s

Flash Health’s innovation honoured on global stage

Flash Health has been awarded the Runner-Up title, under the Health and Well-Being Category, at World Summit Awards 2025, held in Hyderabad, India.

Union Assurance holds BLOG IT Symposium

BLOG IT Symposium 2025, organised by Union Assurance, took place at the BMICH recently, bringing together literary enthusiasts, authors and industry leaders.

Uber introduces Women Rider Preference feature

Uber, Sri Lanka’s leading ride-hailing app, launched the Women Rider Preference feature, a move designed to enhance safety and encourage more women to drive on the platform.

CIPM Sri Lanka to strengthen IDB’s HR systems

The Industry Development Board (IDB) officially partnered with the Chartered Institute of Personnel Management (CIPM) Sri Lanka to enhance its human resource framework, with a focus on developing job

ANC Education hosts NUCARS 2025

The 2025 edition of the Northwood University Computer Automotive Retail Simulation (NUCARS) was held at ANC Education in Sri Lanka recently, bringing together students from across the globe for a dynamic,

Abans with Fintrex Finance introduces SnapPay

Abans introduced SnapPay through a partnership with Fintrex Finance.

India-Pakistan tensions could raise costs for SriLankan Airlines, threaten Colombo Port’s transshipment revenue- Asha Securities Research

The escalating military tensions between India and Pakistan are casting a shadow over Sri Lanka’s aviation and maritime sectors, with SriLankan Airlines facing higher operational costs and the Port of Colombo risking lost transshipment revenue, according to an analysis by Asha Securities Research.

Colombo consumer prices decline 2.0% in April

The consumer prices in the Colombo district fell by another 2.0 percent in the 12 months to April 2025, albeit at a slower pace from 2.6 percent seen through March.

TIN demand surges after withholding tax rate hike

Most accountholders have sought to obtain the Taxpayer Identification Number (TIN), following the government’s decision to increase the withholding tax rate from 5 percent to 10 percent, effective from April 1, a senior official attached to the Inland Revenue Department (IRD) said.

Fitch assigns Sri Lanka Insurance Corporation Life ‘A+ (lka)’ National IFS Rating with a Stable Outlook

Sri Lanka Insurance Life (SLIC Life) has been assigned an ‘A+(lka)’ National Insurer Financial Strength (IFS) Rating by Fitch Ratings, with a Stable Outlook.

Polestar Lanka Garments invests US $ 5.08mn in Sri Lanka; to create 679 jobs

Polestar (Lanka) Garments Ltd, a unit of China’s Lianfa Group, has signed an agreement with the Board of Investment (BOI) to invest US $ 5.08 million in a new export-oriented garment manufacturing facility, the BOI announced yesterday.

ASPI edges down during April

The ASPI closed in red as a result of price losses in counters such as Hatton National Bank, Sampath Bank and C T Holdings with the turnover crossing Rs. 2.3 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in Printcare, Lanka IOC and Central Finance Company. Mixed interest was observed in Sunshine Holdings, John Keells Holdings and Sampath Bank whilst retail interest was not

Subdued sentiment persists; yield curve remains broadly unchanged

Building on the previous day’s sentiment, activity in the secondary market remained muted, resulting in low trading volumes.

IGT 1 officially on-boards at Port City’s business centre

IGT 1 Outsourcing Lanka (Private) Ltd, hereafter referred to as ‘IGT 1 Lanka’, the subsidiary of IGT Holding I Sweden AB, and sister company of IFS Sri Lanka, recently signed an agreement to officially on-board as office tenant at the Business Centre at Port City Colombo.

Alumex and ISMM forge alliance to shape future of supply chain management

Alumex PLC has reaffirmed its commitment to driving excellence in supply chain management by partnering with the Institute of Supply and Materials Management (ISMM).

DFCC Bank launches ‘Rataviru Account’ to empower Sri Lankans working overseas

DFCC Bank has introduced the DFCC Rataviru Account, a remittance-linked savings account designed to support Sri Lankans working abroad and their families back home.

SOLO expands digital payment solutions with The Kingsbury partnership

Hatton National Bank PLC (HNB) has partnered with The Kingsbury Hotel to introduce seamless digital payment solutions across all its restaurants. This collaboration allows diners to make payments effortlessly using SOLO or any LankaQR-enabled app, eliminating the need for cash or card transactions.

SANKARAA hosts ‘SANKARAA Connect’ to showcase NetSuite Innovation

SANKARAA Tech hosted ‘SANKARAA Connect’, the first Oracle NetSuite event in Sri Lanka in over five years—marking a significant return to in-person industry engagement since the pandemic.

People’s Bank relocates Kompannavidiya Service Centre

People’s Bank recently inaugurated its Kompannavidiya Service Centre at a new, state-of-the-art location, enhancing accessibility and customer experience.

Pan Asia Bank shines at ‘Best Management Practices Company Awards’

Pan Asia Bank announced its exceptional performance at the Best Management Practices Company Awards 2025, hosted by the Institute of Chartered Professional Managers (CPM). The bank was recognized with three honours, reaffirming its commitment to innovation, excellence, and ethical management.

Public sector digitisation critical to achieving Sri Lanka’s US$ 15bn revenue goal: Experts

Sri Lanka must urgently accelerate digital adoption across its public sector to achieve its US$ 15 billion digital economy target by 2030 with experts cautioning that niche branding alone won’t help the country to remain competitive in an increasingly digitised global economy.

LIBA to launch first ever online business advisory service

Lanka India Business Association (LIBA) announced that it will launch the first-ever online business advisory service that will connect business advisors in India directly to businesses in Sri Lanka (members of LIBA). One of the most pressing challenges in today’s business landscape is gaining access to the right network. Many business leaders and entrepreneurs struggle to connect with the right individuals at the right time, resulting in lost o

Union Bank powers Moratuwa University’s Entrepreneurship Development Programme

Union Bank in collaboration with the University of Moratuwa (UoM) and the National Innovation Agency (NIA) embarked on a milestone collaboration to partner the National Entrepreneurship Development Programme (NEDP) to upskill and uplift SMEs.  The first batch of students successfully concluded the programme  and the certificate awarding ceremony was held recently at the UoM. The Union Bank School of Social Entrepreneurship (UBSSE) continues to se