SLASSCOM, the national chamber for Sri Lanka’s Knowledge and Innovation (IT/BPM) industry, has appointed seasoned tech leader Shehani Seneviratne as its Chairperson for 2025/2026. With over 25 years of industry experience, Shehani becomes the second woman to hold this esteemed role, reinforcing SLASSCOM’s commitment to progressive, gender-inclusive leadership at the forefront of the country’s digital…
Unmatched track record with cumulative bonus declarations surpassing Rs. 116.6 Billion since 2006 Sri Lanka Insurance Life (SLICLL), reinforcing its position as the strongest and most trusted life insurer in the country, has once again set an industry benchmark by declaring an unprecedented Rs. 12.5 Billion bonus to its policyholders for the year 2024, the…
Reuters – President Donald Trump said Washington will start sending letters to countries on Friday specifying what tariff rates they will face on imports to the United States, a clear shift from earlier pledges to strike scores of individual deals. Acknowledging the complexity of negotiating with over 170 nations, Trump told reporters before departing for…
Reuters – Sri Lanka’s economic outlook remains positive, but global trade policy uncertainties pose significant risks to macroeconomic and social stability, the International Monetary Fund (IMF) said on Thursday. Sri Lanka, which plunged into financial crisis due to a record shortage of dollars three years ago, has recovered strongly since securing a $2.9 billion four-year…
Nation Lanka Finance PLC (NLFP), a Licensed Finance Company under the Finance Business Act, No. 42 of 2011 (FBA), has continuously been violating/contravening the provisions of the FBA and several Directions and Rules issued thereunder. Further, the financial condition of NLFP, is not satisfactory due to deficient capital level, poor asset quality, continuous losses and failure in repaying depositors’…
The Executive Board of the International Monetary Fund (IMF) has granted waivers to Sri Lanka over noncomplying purchases made under the country’s 2023 Extended Fund Facility (EFF) arrangement. The decision follows a review which found that the provision of inaccurate data on government expenditure arrears led to a breach of program conditions and obligations under…
On 3rd July 2025, the Central Bank marked a significant milestone in its financial inclusion journey with the launch of several transformative initiatives under the Financial Literacy Roadmap[1] of Sri Lanka, aligned with its broader vision of building a “Financially Literate Sri Lanka”. These initiatives reaffirm the Central Bank’s strong commitment to empowering the public…
The signing of the bilateral Agreement with the Hungarian Export Credit Insurance Plc. in relation to the External Debt Restructuring Process, is a significant milestone of the External Debt Restructuring Process and testament to GoSL’s commitment to conclude the restructuring process as soon as possible to restore debt sustainability and thereby revamp Sri Lanka’s economy….
TWC Capital, a leading corporate finance advisory firm under TWC Holdings, successfully served as the sole financial adviser to Hela Apparel Holdings PLC on its divestment of two [02] running garment factories in Mawathagama and Narammala including a freehold property with a warehouse in Uhumeeya to Q Collection Pte Ltd, a Singapore-based investor backed by…
Sri Lanka Accreditation Board (SLAB), under the patronage of the Ministry of Trade, Commerce, Food Security and Cooperative Development, marked a significant milestone with the accreditation of 15 Conformity Assessment Bodies (CABs), bolstering Sri Lanka’s quality infrastructure and opening new avenues for international trade. Announced during SLAB’s 20th Anniversary held in conjunction with World Accreditation…
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