With Sri Lanka’s new 18 percent Value Added Tax (VAT) on foreign digital services now a settled policy taking effect this October, focus has sharply shifted to its potential economic fallout.

Sri Lanka risks reversing the crucial energy reforms, unless it holds the line on the 2024 Electricity Act, the Advocata Institute cautioned yesterday, calling on the government to reaffirm its commitment to overhauling the power sector.

Economic Development Deputy Minister Dr. Anil Jayantha told Parliament yesterday that the imposition of an 18 percent Value Added Tax (VAT) on digital services is intended to create a level playing field among the service providers.

Seylan Bank’s Basel III-compliant debenture issue was oversubscribed within hours of opening yesterday, having received applications for over 150 million debentures, amounting to Rs.15 billion.

C M Holdings PLC has announced a proposal for a 10-for-one subdivision of its ordinary shares, a move aimed at increasing the liquidity of its shares in the market, according to a stock filing with the Colombo Stock Exchange (CSE).

Commercial Bank of Ceylon launched Sri Lanka’s first artificial intelligence (AI)-powered SME Credit Underwriting Solution, taking a transformative step in reshaping how the small and medium enterprises (SMEs) access credit and financial solutions.

Daraz Sri Lanka, in partnership with the National Enterprise Development Authority (NEDA) under the Ministry of Industry and Entrepreneurship Development, has launched a new capacity-building programme to strengthen institutional support for micro, s

Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, announced the launch of Dialog e-Load Super Blast—amega rewards campaign that elevates digital top-ups by offering over Rs.150 million in high-value prizes. This initiative is set to rewar

Yesterday carried forward the subdued tone of the previous day, with the secondary market remaining lacklustre. While there was a slight tilt toward selling sentiment, overall activity and volumes remained largely stagnant. Amongst the few trades th

The ASPI closed in green as a result of price gains in counters such as John Keells Holdings, Hatton National Bank and Central Finance Company with the turnover crossing Rs. 5.9 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth an

American Plastics (Pvt) Ltd, a household name and national brand in Sri Lanka, has received a Merit Award at the National Industry Brand Excellence Awards 2024.

Dijital Team, a global service provider offering smart solutions for businesses looking to build offshore IT teams, has been recognised as the 4th Best Workplaces in Sri Lanka 2025 (100 - 250 employees’ category).

Heralding a new era in digital education, SLT-Mobitel Enterprise and Royal College recently collaborated over the trailblazing deployment of Sri Lanka’s first full-scale Passive Optical LAN (POL) solution powered by Gigabit Passive Optical Network

Mosquito net manufacturer C-Four Industries (Pvt) Ltd., was once again honoured with the Gold Award in the Textile, Apparel and Fashion category at the SLIM Small and Medium Enterprises Development Awards (SMEDA) 2025.

AIESEC in University of Kelaniya is set to host its flagship leadership forum, Challenge Every Opportunity (CEO 2025), on July 23, at the Main Auditorium of the University of Kelaniya. The event will bring together over 300 young leaders, from across

Marking a first in Sri Lanka’s insurance sector, the Insurance Regulatory Commission of Sri Lanka (IRCSL) and the Insurance Association of Sri Lanka (IASL) jointly led a comprehensive, full-day public engagement programme that brought together all

The Sri Lanka International Schools Association (SLISA) marked a significant milestone with the hosting of its inaugural School Leaders’ Summit on 6th July at the Lyceum Campus Auditorium, Nugegoda.

WEBXPAY, the payments partner trusted by more than 5,000 Sri Lankan merchants, launches a complete brand transformation centred on a single organising symbol, The Multiplier.

Ceylinco Life has successfully conducted six free health camps under its flagship ‘Waidya Hamuwa’ (Meet the Doctor) community health programme in the first half of 2025, continuing the Company’s longstanding commitment to improving public healt

In a landmark move to accelerate the growth of impact-driven enterprises in Sri Lanka, the Lanka Impact Investing Network (LIIN) and Good Market have entered into a strategic partnership focused on unlocking new pathways for investment and enterprise

Creative minds and industry leaders from Sri Lanka and India recently came together at the National Library Auditorium in Colombo to celebrate the launch of Gen Z, the debut printed graphic novel by Max Comics Universe (MCV).

U.S. President Donald Trump has added Sri Lanka to his growing list of trade targets, issuing a letter on Wednesday announcing a new 30% tariff on all imported goods from Sri Lanka.

The Colombo Stock Exchange continued its upward momentum on Wednesday, with the benchmark All Share Price Index (ASPI) gaining 129.37 points (+0.72%) to close at 18,161.49, supported by strong retail participation and positive sentiment across key co

Sri Lanka is among the top three summer destinations for travel in July and August, according to the latest booking data of Emirates.

A significant duty fraud scheme involving courier imports from popular e-commerce platforms like Temu is causing a daily loss of between Rs. 35 to 50 million in tax revenue to the Sri Lankan government, industry leaders claimed at a press conference

Business leader Dhammika Perera has acquired a controlling stake in East West Properties PLC, purchasing approximately 77.40 percent of the company’s shares in a significant transaction valued at over Rs.3.2 billion.

Sri Lanka’s rubber industry is at crossroads at present with changes taking place in trade, climate, and global consumer expectations, and these have contributed to the falling output, the Ceylon Rubber Traders’ Association (CRTA) said.

The Colombo Stock Exchange (CSE) yesterday announced the appointment of Nilupa Perera as the Chief Regulatory Officer (CRO), effective 9 July 2025 succeeding Renuke Wijayawardhane, who retires after a 31-year career at the CSE.

The ASPI edged down as a result of price losses in counters such as John Keells Holdings, C T Holdings and Hatton National Bank with the turnover crossing Rs. 8.8 bn.