LOLC Holdings PLC has announced the appointment of Mr. Ishara Nanayakkara as its Executive Chairman, effective immediately. The Board of Directors made the decision today (5th June 2025), following a review and recommendation by the Nominations & Governance Committee. Mr. Nanayakkara, who previously served as the Group’s Executive Deputy Chairman, brings with him over two…
The All Share Price Index (ASPI) of the Colombo Stock Exchange surged by 81.89 points today (June 05), closing at an all-time high of 17,434.94 the highest level recorded in the index’s history. This milestone marks the 12th consecutive session of gains for the ASPI, driven by continued investor confidence and strong performance in key…
By Shiran Fernando Chief Economic Policy Advisor at The Ceylon Chamber of Commerce Sri Lanka has weathered a relentless succession of economic shocks in recent years. The turmoil began with the constitutional crisis in 2018, followed by the tragic Easter Sunday attacks in 2019. As the country began charting a path to recovery, the COVID-19…
As part of ongoing efforts to strengthen regional cooperation in the ICT sector, the Sri Lanka Association for Software Services Companies (SLASSCOM) recently met with H.E. Santosh Jha, High Commissioner of India to Sri Lanka, and Ms. Devika Lal, First Secretary (Economic & Commercial), for a focused discussion on deepening collaboration between Sri Lanka and…
The Ceylon Chamber of Commerce hosted His Excellency Radosław Sikorski, Minister of Foreign Affairs of the Republic of Poland, who visited Sri Lanka from 28 – 31 May on behalf of the European Union’s High Representative for Foreign Affairs and Security Policy, Kaja Kallas. Minister Sikorski was accompanied by a high-level delegation from the European…
Digital Mobility Solutions Lanka PLC, the operator of PickMe, is ushering in a new era of innovation and technology-led growth, powered by artificial intelligence (AI), according to Chairman Ajit D. Gunewardene. “This next chapter is one of innovation, sustainability, and scale. We are entering an Artificial Intelligence (AI) powered future,” Gunewardene stated in the company’s…
United Motors Lanka PLC (UML) has marked a significant financial recovery for the 2024/25 financial year, recording a profit of LKR 73 million after years of losses, as Sri Lanka’s government lifted a long-standing ban on vehicle imports earlier this year. Describing the policy shift as a “significant and positive development,” UML Chairman Devaka Cooray…
The Ceylon Electricity Board (CEB), under the Ministry of Energy, has called for international proposals to develop two 50MW wind power facilities in Mullikulam on a Build, Own, and Operate (BOO) basis. The project, tendered under reference TR/REP&PM/ICB/2025/001/C, will involve the financing, design, supply, construction, testing, commissioning, operation, and maintenance of the two wind farms,…
DFCC Bank PLC is proud to announce its role as a Lead Arranger in a landmark USD 100 million Social Loan Facility raised by Satin Creditcare Network Limited (SCNL), one of India’s largest microfinance institutions. The syndicated facility, arranged by Standard Chartered Bank, India, is structured under the globally recognised Social Loan Principles, with DFCC…
On the occasion of World Environment Day 2025, the Sri Lanka Institute of Packaging (SLIP) proudly reaffirms its unwavering dedication to promoting sustainable packaging practices and supporting both national and global environmental objectives. Observed annually on June 5, World Environment Day stands as the United Nations’ flagship campaign to raise awareness and inspire action to…
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