CSSL unveils National CIO List 2024

The Computer Society of Sri Lanka (CSSL) has reaffirmed its commitment to digital excellence with the unveiling of the CSSL National CIO List 2024, an initiative recognizing the nation’s top Chief Information Officers (CIOs) for their outstanding contributions to the industry.

Balancing growth and challenges: Experts weigh in on Sri Lanka’s 2025 Budget

Sri Lanka’s 2025 Budget unveiled by President Anura Kumara Dissanayake in Parliament on 17 February, was an eagerly awaited development, as it set the tone for the country’s current economic trajectory under the new government.

Sri Lankan tech startups gain valuable insights at EDB’s awareness session

Sri Lankan tech startups and scale-ups gathered at the EDB on 20th February for an insightful and empowering awareness session organized by the Export Services Division (EDB).

Serendib Flour Mills returns to iconic Gulfood 2025 Festival in Dubai

Serendib Flour Mills, Sri Lanka’s leader in wheat flour manufacturing, participated in the globally renowned Gulfood 2025 exhibition in Dubai, the world’s largest annual food and hospitality showcase, accompanied by their valued customers.

Sri Lanka on track for another record-breaking month in tourist arrivals

Sri Lanka is on track for another record-breaking month in tourist arrivals this February, with arrivals in the first 20 days surpassing 175,000.

Access Engineering subsidiary signs 9.08 MW solar power deal

Access Logistics Park Ekala (Pvt.) Ltd, a wholly-owned subsidiary of Sri Lanka’s Access Engineering PLC, has signed a power purchase agreement with state-run Ceylon Electricity Board, for a 9.08-megawatt (MW) solar photovoltaic installation.

SriLankan Airlines posts pre-tax loss of Rs.1.96bn in April-Oct.

SriLankan Airlines reported a pre-tax loss of Rs.1.96 billion for the seven months ended October 2024, reversing a profit of Rs.4.13 billion in the same period last year, the Finance Ministry said.

HNB reports blowout profits for December on mammoth provision reversals on ISBs

Hatton National Bank PLC (HNB) reported blowout profits for the October-December quarter, stemming mainly from the mammoth reversal of provisions made against the bank’s investments in International Sovereign Bonds (ISBs) and also the fast-improving lending business, amid lower interest rates.

HNB retains Best Retail Bank title in Sri Lanka for 15th year

Hatton National Bank PLC (HNB) was named as Sri Lanka’s Best Retail Bank for the 15th time, at TAB Global Excellence in Retail Financial Services Awards 2025, held in Tokyo, Japan.

Week begins in red

Indices closed in red as a result of price losses in counters such as Hatton National Bank, National Development Bank and Commercial Bank with the turnover crossing Rs. 2.1 Bn.

Market commences week with thin volumes ahead of auctions

The secondary market yield curve commenced the week with limited activity and thin trading volumes.

Acuity launches mentorship programme to shape future leaders in global capital markets

Acuity Knowledge Partners (Acuity), a leading provider of bespoke research, analytics and technology solutions to the financial services sector has announced the launch of a mentorship programme designed to equip university undergraduates with the skills and knowledge required to pursue careers in global capital markets.

AIKO and Sunbeam Technologies introduce high-efficiency N-Type ABC Modules

AIKO, a Bloomberg NEF Tier 1 solar module manufacturer, has launched its World’s No. 1 Efficiency N-TYPE ABC Modules in Sri Lanka,

Sampath Bank powers Sri Lanka’s digital payment revolution with ‘WePay’

Sampath Bank reaffirmed its commitment to advancing digital financial inclusion in Sri Lanka by actively participating in the Digital Payments Promotion Campaign 2025,

AIA Insurance’s “Share the Love” promotion offers free accident cover for loved one

This February, being the Valentine’s month, AIA Insurance is offering a unique opportunity to express love and care beyond the ordinary.

Diva shines at Effie with two awards

Laundry brand Diva from Hemas Consumer Brands, was recognised at the Effie Awards 2024 with the Bronze Award in the Home Supplies and Services category,

NDB Wealth Management partners Colombo Fashion Week

NDB Wealth Management has partnered with Colombo Fashion Week 2025 (CFW), bringing together two industries that thrive on shared values including vision, precision, and innovation.

LOLC Insurance clinches five accolades at Emerging Asia Insurance Awards

LOLC’s Insurance arm has once again demonstrated its industry leadership by securing five accolades at the 5th Emerging Asia Insurance Awards, held in Bangkok.

IIHS Business School launched to shape future global leaders

The International Institute of Health Sciences (IIHS) marked a historic milestone with the launch of its Business School, a visionary initiative under the leadership of Dr. Kithsiri Edirisinghe.

UM launches new ‘Full Colour Media’ proposition and philosophy

UM worldwide is making their presence known in the Sri Lankan market through their affiliation with The Insight Hive (Pvt) Ltd, headed by Marcom Specialist Peter Solomon.

Bally’s Colombo wins ‘Most Popular Casino of the Year’ at Global Icon Awards

Bally’s Casino Colombo has been recognised as the ‘Most Popular Casino of the Year’ at the Global Icon Awards 2025 – Sri Lankan Chapter.

American Plastics wins top award

American Plastics (Pvt) Ltd won the award for being the People’s Pinnacle Best Plastic Household Manufacturing and Distribution Company for the Year 2024 from Sri Lanka at a ceremony held at the Taj Lanka Hotel in Colombo.

Nexus with Blackview expands product portfolio in Sri Lanka

Nexus Communications has rapidly emerged as a key player in Sri Lanka’s smart devices and lifestyle products sector.

Great Place To Work’s leadership workshop concludes successfully

Great Place To Work Sri Lanka concluded its much anticipated ‘Become a Great People Manager’ workshop at Mandarina Colombo, with over 35 enthusiastic participants in attendance.

Dearo Investment shines at People’s Excellence Awards

Dearo Investment Pvt. Ltd. was honoured with four titles at People`s Excellence Awards, 2024.

Prime Lands CEO honoured at CMO Asia Business Awards

Ruminda Randeniya, CEO of Prime Lands (Pvt) Ltd, was honoured as the ‘CEO of the Year in Real Estate Sector’ at the Business Leader of the Year Award ceremony held at Taj Lands End, Mumbai recently.

Legal liquor consumption down by 9.5% in first ten months of 2024 amid tax

Sri Lanka’s legal liquor consumption declined by 9.5 percent Year-on-Year (YoY) in the first ten months of 2024

EDB to establish eight regional export hubs in 2025 to lift GDP growth

The Export Development Board (EDB) is gearing up to establish eight regional export hubs across selected districts this year in a bid to improve export contribution to GDP.

Industries Ministry to launch nationwide SME incubator campaign with Rs. 1 bn R&D

The Ministry of Industries is gearing up to launch a nationwide SME incubator system campaign backed by the Rs. 1 billion allocation dedicated for research and development (R&D) commercialisation under the government’s 2025 budget.

Govt. targets Rs.300bn from vehicle taxes, but many remain skeptical

The maiden budget of the National People’s Power (NPP) government expects to raise around Rs.300 billion from excise taxes,