The Institute of Policy Studies of Sri Lanka (IPS) celebrates the outstanding achievement of its latest batch of researchers in winning prestigious scholarships for postgraduate studies at top-rated universities. Suresh Ranasinghe joined the IPS on graduating with a BA in Economics with First Class Honours from the University of Colombo and an LLB from the…
Sri Lanka’s labour shortage is becoming a concern across multiple sectors of the economy, with the export sector facing challenges in attracting, training, and retaining talent with the skills required to meet industry demands. Recent public discussion around proposals to recruit foreign talent for the construction sector has brought attention to the issue once again….
DFCC Bank PLC has officially completed its acquisition of Standard Chartered Bank (SCB) Sri Lanka’s wealth and retail banking business, marking a significant consolidation in the local banking sector. The transition, which became effective on August 1, 2026, saw live operations for the acquired business commence this morning, August 3. This milestone follows a binding…
“Reimagining the Future: Sunshine’s Digital Evolution Journey” sets the foundation for an insight-led, digitally enabled organisation Sunshine Holdings PLC has launched its Group-wide data, digital and AI transformation journey under the theme “Reimagining the Future: Sunshine’s Digital Evolution Journey,” marking a major milestone in strengthening the Group’s future readiness through smarter decision-making, modern technology and…
A meeting between Ms. Kanni Wignaraja, Assistant Secretary-General of the United Nations Development Programme (UNDP), and Dr. Anil Jayantha Fernando, Minister of Labor and Deputy Minister of Finance and Planning, was held today (03) at the Ministry of Finance. During the meeting, Ms. Wignaraja commended the progress made by the current Government in stabilizing Sri…
Diversified conglomerate CIC Holdings PLC (CSE: CIC) recorded continued revenue growth during the first quarter ended 30 June 2026 (1QFY27), delivering improved profitability despite a challenging operating environment. The Group posted consolidated revenue of Rs. 22.03 billion, reflecting 2.74% year-on-year growth, driven by resilient performance across its diversified portfolio. Group gross profit rose to Rs….
hSenid Business Solutions PLC (hSenidBiz) announced its financial results for the first quarter of FY2027, delivering strong revenue growth and sustained profitability as the Company continued to execute its SaaS-led growth strategy. Total revenue for the quarter reached LKR 602.8 million, reflecting year-on-year growth of 28 percent. The Company’s recurring revenue model continued to strengthen…
The 47th anniversary of the Sri Lanka Export Development Board (EDB) fell on August 1st. In a commemorative ceremony held today, the Chairman and Chief Executive Officer of the EDB, Mr. Mangala Wijesinghe, addressed the media, outlining the progress and future targets of the national export sector. Established under Act No. 4 of 1979, the…
The Sri Lanka Economic & Investment Summit 2026 (SLEIS 2026), organised by The Ceylon Chamber of Commerce, will open with a high-level Investment-Focused Panel Discussion, bringing together leaders from the public and private sectors to examine Sri Lanka’s investment landscape and the opportunities emerging as the country advances its economic reform agenda. The session, which…
Sets new global example for fostering an inclusive and equitable workplace Reflecting its dedicated focus on championing an inclusive and equitable corporate culture, the Commercial Bank of Ceylon has become the first bank in the world to be accorded Champion Status by the United Nations Population Fund’s (UNFPA) Coalition for Reproductive Justice in Business (CRJB)….
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