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Sri Lanka Tourism Promotion Bureau (SLTPB) hosted a landmark event at the Cinnamon Life Hotel, Colombo. The event was led by Hon. Deputy Minister of Tourism, Prof. Ruwan Ranasinghe, with the participation of SLTPB Chairman Mr. Buddika Hewawasam, officials, travel influencers and their families, as well as journalists specializing in tourism sector reporting. The gathering…
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-Unveils anniversary logo and year-long commemoration program- The iconic Tamil Union Cricket and Athletic Club, one of Sri Lanka’s oldest and most prestigious sporting institutions, has announced the launch of its 125th anniversary celebrations. Founded on December 2, 1899, the Club marked the significant milestone with a special press conference held at its home ground,…
In an era where corporate social responsibility (CSR) has often been reduced to symbolic efforts, Asia Asset Finance PLC is charting a new course, proving that true leadership is measured by impact, integrity, and involvement. With the launch of ‘Asia Asset Finance Clean Sri Lanka – Hetata Atak’, the company has set in motion an…
Visa (NYSE: V), the global leader in digital payments reiterated its support to women entrepreneurs across Sri Lanka as a part of its International Women’s Month celebrations across the world, by stating a firm commitment towards financial inclusion and digitization of women-led businesses, and hosted women from different walks of life in a specially curated…
Barbeque Nation, one of Asia’s most celebrated and pioneering casual dining chains, officially made its Sri Lankan debut with the opening of its first-ever outlet at Level 2 of Colombo City Centre. Making Sri Lanka the fifth country outside of India in its expansive range of 200 plus outlets in India, UAE, Malaysia and Oman,…
The corporate world is about to witness the arrival of a new wave of dynamic, well-prepared business professionals. The Department of Business Management, Faculty of Business Studies and Finance at Wayamba University of Sri Lanka recently hosted Exchange 2025—a transformative event designed to bridge the gap between academic learning and industry expectations. This initiative not…
The Climate & Conservation Consortium (CCC) proudly announces its role in a historic sustainability milestone with the publication of the first-ever Environmental Product Declaration (EPD) for a safety glove on the International EPD System (IES) global platform. This achievement not only underscores CCC’s expertise in conducting Life Cycle Assessments (LCA) but also reaffirms Sri Lanka’s…
DFCC Bank has been ranked fourth among the top 20 employers in Sri Lanka for CIMA members in 2025, a recognition awarded by AICPA & CIMA at a recent ceremony in Colombo. The ranking places DFCC Bank among the country’s leading organisations for fostering professional development and underscores its commitment to building a skilled workforce…
Brandview Labels Lanka Pvt. Ltd. has been recognized as the Best National Industry Brand (Small Scale) in the Design, Packaging, and Paper Related Industry Sector at the prestigious National Industry Brand Excellence Awards. The award ceremony, organized by the Industrial Development Board (IDB) under the Ministry of Industries, took place at Eagle’s Lakeside, Attidiya. Brandview…
SLT-MOBITEL recently hosted an Iftar gathering at Al Madhrasathul Badhriya in Kalutara, providing nearly 75 students with the opportunity to break their Ramadan fast, reinforcing the company’s dedication to social responsibility and community welfare. As Ramadan serves as a powerful reminder that collective efforts can make a meaningful difference among communities, SLT-MOBITEL strongly believe in…
Serendib Flour Mills (SFML), demonstrating a commitment to nourishing the nation’ and towards social responsibility, undertook two significant initiatives focused on children’s education and environmental awareness recently. Serendib Flour Mills believes that education is the cornerstone of a brighter future and ensures programs also reflect a holistic approach to corporate social responsibility, supporting both educational…
Top News
The overall rate of inflation, as measured by the Colombo Consumer Price Index (CCPI) on Year-on-Year basis, has increased to -2.6% in March 2025, compared to -4.2% in February 2025, according to the latest data released by the Department of Census and Statistics. Year-on-Year food inflation has increased to 0.6% in March 2025, compared to…
Fitch Ratings has assigned Sri Lanka-based State Mortgage & Investment Bank (SMIB) a first-time National Long-Term Rating of ‘BB(lka)’. The Outlook is Stable. Key Rating Drivers Intrinsic Profile Drives Rating: SMIB’s rating reflects its standalone financial strength and factors in its weaker-than- peers funding profile that has led to balance sheet mismatches. Risk controls are showing…
In a key initiative to strengthen trade and technological collaboration, the Sri Lanka Export Development Board (EDB) and Business Sweden, together with Team Sweden comprising the Embassy of Sweden, Consul General of Sweden in Sri Lanka and the Sri Lanka Food Processors Association hosted a virtual meeting on March 11, 2025. The session focused on…
Business Sentiment: Post-Budget Dip in Confide The IMF recently approved the highly anticipated disbursement of US$ 334 million – the fourth tranche under its Extended Fund Facility (EFF). Following the review, its Managing Director Kristalina Georgieva emphasised the importance of maintaining the reform agenda to decisively guide Sri Lanka towards sustainable and inclusive growth. In…
Bloomberg – Debt-for-nature swaps could be Sri Lanka’s first opportunity to raise funds after restructuring its debt, the country’s central bank Governor P. Nandalal Weerasinghe said. “That is a better form of medium-to-long term financing for the time being without going for full commercial external debt,” he said during a panel discussion moderated by Bloomberg’s Jeanette Rodrigues in Colombo…
BYD, a global leader in New Energy Vehicles (NEVs), has commenced its first customer vehicle deliveries in Sri Lanka following the lifting of import restrictions. The first batch of vehicles, imported and distributed by its authorized distributor, John Keells CG Auto (JKCG Auto), was officially handed over to customers at a special event, marking the…
In a significant step towards sustainable plastic waste management, Island Climate Initiative (ICI) officially launched GP Certified, Sri Lanka’s first certification mechanism for high-quality recycled plastics. The launch event, held in Colombo, brought together key stakeholders—including FMCG brands, recyclers, policymakers, and environmental advocates—to introduce the future of sustainable packaging in Sri Lanka. Sri Lanka generates…
Sri Lanka’s investment environment needs diversification to provide better opportunities for both the public and corporations, Governor of the Central Bank of Sri Lanka Dr. Nandalal Weerasinghe stated while addressing the ‘Invest Sri Lanka’ forum held in Colombo today (27). Highlighting the limited investment options available to the general public within the country, he emphasized…
Analysis
Business Sentiment: Post-Budget Dip in Confide The IMF recently approved the highly anticipated disbursement of US$ 334 million – the fourth tranche under its Extended Fund Facility (EFF). Following the review, its Managing Director Kristalina Georgieva emphasised the importance of maintaining the reform agenda to decisively guide Sri Lanka towards sustainable and inclusive growth. In…
Total exports, including both merchandise and services, reached at US$ 1,382.53 Mn in February 2025, marking a notable 4.62% year-on- year growth compared to February 2024. Additionally, exports recorded a 2.58% month-on-month increase compared to January 2025. According to provisional data from Sri Lanka Customs and estimated figures for Gems & Jewellery and Petroleum Products,…
The Effects of GSP+ Withdrawal on Sri Lanka’s Exports and Labour Force Growing uncertainties on the future of global trade as President Trump seeks to impose reciprocal tariffs make programmes such as the European Union’s Generalised Scheme of Preferences Plus (GSP+) more significant for small exporters such as Sri Lanka. With a reported visit by…
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