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…
Quarterly Financial Review Tokyo Cement Group (Tokyo Cement) reported a turnover of Rs. 12,960 million and a Profit After Tax (PAT) of Rs. 664 million for the 4th Quarter ending 31st March 2025, compared to a turnover of Rs. Rs. 13,145 million and a PAT of Rs. 722 million, in the same period last year….
AliExpress has announced the suspension of several low-cost shipping methods to Sri Lanka, citing recent tax reforms and regulatory ambiguities introduced by local authorities. Starting July 7, 2025, budget-friendly logistics options such as AliExpress Standard Shipping and Cainiao will no longer be available for deliveries to Sri Lanka. These services, widely used by consumers to…
SriLankan Airlines has come out on top in the Aviation Sector on LMD’s Most Loved Brands, proving that the national carrier remains close to the hearts and minds of Sri Lankan travellers for its uniquely warm Sri Lankan service, extensive network, unparalleled direct services and seamless connections. The Most Loved Brands were determined entirely by…
Starlink’s high-speed, low-latency satellite internet service is now officially available in Sri Lanka, its owner and billionaire entrepreneur Elon Musk confirmed in a tweet on Wednesday (02). In a post on social media platform X (formerly known as Twitter), Musk announced, “Starlink now available in Sri Lanka!”, marking the official launch of the service in…
Sri Lanka Insurance Yesterday announced the resignation of its Group Chief Executive Officer, Mr. Chandana L. Aluthgama, effective (1st August 2025). Mr. Aluthgama assumed duties as the Chief Executive Officer of Sri Lanka Insurance Corporation in 2018. His leadership continued with Sri Lanka Insurance Life Ltd. following the segregation on 1st of February, 2024. Over…
A total of 138,241 tourists have arrived in the country in June 2025, data from the Sri Lanka Tourism Development Authority (SLTDA) shows. This is an increase of 21.8% in comparison to the numbers arrived in June 2024. Accordingly, the total number of tourist arrivals in the first Six months of 2025 stands at 1,168,044….
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