January tea sales average rises in rupees, slips in dollar terms

Sri Lanka’s national tea sales average for January 2025 edged up slightly in rupee terms but saw a marginal decline in dollar value, the data from the Sri Lanka Tea Board showed.

Week begins in red

The ASPI closed in red as a result of price losses in counters such as Ceylinco Holdings, LOLC Holdings and John Keells Holdings with the turnover crossing Rs. 2.0 Bn.

Thin volumes emerge ahead of upcoming auction

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

Kandy-Myst by Cinnamon redefines luxury and sustainability in the Hill Capital

The tourism landscape of the picturesque hill city Kandy is all set to be redefined with the launch of Kandy-Myst by Cinnamon.

SLRA together with PIM launches Retail Leadership Development Programme

The Sri Lanka Retailers’ Association (SLRA), in collaboration with the Postgraduate Institute of Management (PIM),

ACCA Sri Lanka unveils first AI Chatbot for Accounting education

On January 31, at the Teachers’ Conference themed “Evolution of Finance with AI,” ACCA Sri Lanka made history by launching the country’s first AI-powered chatbot designed to assist in understanding International Financial Reporting Standards (IFRS).

HNB Finance partners with Kiya.ai to upgrade Core Banking System

HNB Finance has announced its strategic partnership with Kiya.ai, a global leader in digital financial solutions, to implement a futuristic digital core banking system.

Sigiriya crowned World’s Most Welcoming City for 2025

Sigiriya has been crowned the world’s most welcoming city for 2025 by Booking.com, based on over 360 million of its verified customer reviews.

Jayawardena empire enters new era under next generation

A new era has begun for some of Sri Lanka’s corporate giants with successors named to take charge of the legacy of Harry Jayawardena.

Jansz appoined Lanka Milk Foods Chairman

Cedric Royle Jansz, a seasoned executive and longtime associate of Harry Jayawardena, has been named Chairman of Lanka Milk Foods.

2025 kicks off with 17.5% surge in workers’ remittances

Remittances from Sri Lankans working abroad have continued to be strong providing much needed heft for the country’s strengthening external sector and thereby the broader economy.

FitsAir expands Dhaka operations with additional weekly flights

FitsAir, Sri Lanka’s leading low-cost airline, announced the expansion of its Colombo-Dhaka service with the addition of two new weekly flights.

HIP expands bunkering with new HSFO facilities

The Hambantota International Port (HIP) has marked a significant milestone in January 2025 by successfully integrating High Sulphur Fuel Oil (HSFO) into its range of bunkering services.

Feb. tourist arrivals cross 44,000 mark in five days

Tourist arrivals to Sri Lanka crossed the 44,000 mark within the first five days in February, provisional data from Sri Lanka Tourism Development Authority (SLTDA) showed.

Aitken Spence Logistics powers a greener future

Aitken Spence Logistics, a member of the Aitken Spence PLC conglomerate, continues to redefine industry benchmarks with the latest advancements in its fleet of material handling equipment.

SLIC Life emerges winners at Great HR Quiz 2025

The HR team of Sri Lanka Insurance Life recently emerged winners at The Great HR Quiz 2025 in the Insurance, Finance and Investment Category.

Nelna Farms opens new distribution centre in Central province

Nelna Farm (Pvt.) Ltd, a leader in broiler chicken processing and further processing, announced the grand opening of its new distribution centre in Kandy, the heart of Central province.

NKAR triumphs at Sri Lanka Tourism Awards

At the Sri Lanka Tourism Awards, which took place after a six-year hiatus, the NKAR brand stood out winning three major awards.

SLASSCOM Hack Like a Girl 2.0 concludes successfully

The Hack Like a Girl 2.0 hackathon, a key initiative to empower women in tech, concluded its successful grand finale recently.

ComBank celebrates success of pilot Agri Modernisation Village

Commercial Bank of Ceylon recently returned to Mahilankadu in Kilinochchi – the bank’s pilot Agri Modernisation Village – to celebrate its success by participating in a harvest ceremony.

End-2024 tourist transactions up by 40% in Sri Lanka: Visa

Visa, the global leader in digital payments, announced that Visa saw a marked uptick in spending by both tourists and domestic consumers in Sri Lanka during the holiday season at the end of 2024.

Toyota Lanka relaunches Kurunegala branch

Toyota Lanka Kurunegala branch was recently reopened as a fully integrated facility that provides Toyota vehicles sales, after-sales services and Toyota genuine spare parts under one roof.

KPMG organises pre-budget webinar

With the 2025 budget reading scheduled for February 17, to understand its implications, KPMG has organised a pre-budget webinar.

NDB Bank joins hands with GovPay via NEOS

NDB Bank takes a significant stride in revolutionising financial convenience by enabling government payments through its cutting-edge digital platforms NEOS Online Banking and NEOS Corporate.

HNB-Expo Property Developers offer tailored financial solutions

HNB PLC has signed a memorandum of understanding (MoU) with Expo Property Developers (Pvt.) Ltd to promote home loans for Expo Grand Condominium buyers.

David Pieris Automobiles opens new BAIC showroom in Kurunegala

David Pieris Automobiles (Private) Limited (DPA), the authorised marketer of BAIC SUVs in Sri Lanka, announces the opening of its first outstation showroom in Kurunegala.

CFA Society to navigate financial markets on February 20

CFA Society Sri Lanka announced its upcoming full-day training programme ‘Navigating Financial Markets: A Practical Approach to Money, Foreign Exchange and Bond Markets with Local Insights’, scheduled for Thursday, February 20, 2025, at Galle Face Hotel, Colombo.

Govt. to implement National Single Window for public sector within 3 years

The government aims to implement the long-awaited National Single Window for the public sector within the next three years, according to Finance and Planning Deputy Minister Dr. Harshana Suriyapperuma.

Sri Lanka warns of impact from increasingly protectionist measures pursued by certain countries

Sri Lanka has cautioned that the increasingly protectionist measures pursued by certain countries could significantly impact the growth prospects of the developing economies.

Footwear & Leather Fair 2025 kicks off in Colombo

The 15th edition of the Footwear & Leather Fair 2025 kicked off in Colombo and will be held till February 9.