A three-day National Workshop on Data Governance and Artificial Intelligence for Public Sector Transformation, aimed at accelerating the digital transformation of the public sector, commenced in Colombo Monday (20). The workshop is jointly organised by the Division for Public Institutions and Digital Government (DPIDG) of the United Nations Department of Economic and Social Affairs (UN…
By virtue of the powers vested under Section 19 (1) read together with section 19 (2) of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), financial penalties are imposed on Institutions for non-compliance with the provisions of the FTRA. In terms of the FTRA, the penalty may be prescribed by taking into consideration…
The Colombo Stock Exchange (CSE) witnessed a sharp decline in its benchmark indices today (20), with the All Share Price Index (ASPI) falling by 197.31 points and the S&P SL20 Index declining by 56.46 points. At the close of trading, the ASPI stood at 21,208.10, while the S&P SL20 Index settled at 5,943.22. Despite the…
Sri Lanka’s textile and apparel industry has always leaned on two things to justify its place in the global supply chain: quality and compliance. Sri Lanka’s textile and apparel industry has long relied on quality and compliance to justify its place in the global supply chain. But that old formula is starting to wear thin….
The Ceylon Chamber of Commerce recently convened “Energy Transition in Sri Lanka: Strategic Insights from Global Markets,” bringing together stakeholders from government, industry, academia, and the energy sector to discuss the policies, investments, and reforms needed to accelerate Sri Lanka’s transition towards a more secure, affordable, and sustainable energy system. The discussion focused on the…
The International Finance Corporation (IFC), a member of the World Bank Group, and HSBC are investing up to $40 million through financing in South Asia Gateway Terminals (Pvt) Ltd. (SAGT) to modernize and decarbonize operations at the Port of Colombo, the cornerstone of Sri Lanka’s maritime trade. The investment will advance the port’s competitiveness, resilience…
The Sri Lanka Export Development Board (EDB) welcomed His Excellency Mr. Jan Thesleff, Ambassador of Sweden to Sri Lanka, for an official meeting at the EDB on 14 July 2026. The meeting was chaired by Mr. Mangala Wijesinghe, Chairman and Chief Executive Officer of the EDB, and attended by senior EDB officials. Mr. Sanjay Kulatunga,…
Mr Sanath Manatunge, the Managing Director/Chief Executive Officer of Commercial Bank of Ceylon has been appointed Chairman of the Employers’ Federation of Ceylon (EFC), one of the country’s most influential apex business bodies representing the interests of employers across a wide spectrum of industries. The Bank said Mr Manatunge’s appointment is a significant recognition of…
In a major push to redefine economic ties between Sri Lanka and India, the Lanka India Business Association (LIBA) has announced the highly anticipated corporate forum, ‘India Calling’. Scheduled for August 6th at the Taj Samudra, Colombo, from 9:00 AM to 6:00 PM, the full-day event is designed to bridge commercial gaps, unpack regulatory friction,…
Organizations should act now to stay ahead of new regulations As sustainability requirements reshape global trade, businesses should begin preparing for key developments such as EmpCo, PPWR, EUDR, and ESG reporting expectations. SRI LANKAN EXPORTERS targeting the European Union are being urged to prepare immediately for sweeping new sustainability regulations that will fundamentally change how…
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