Reuters – Siemens Energy, opens new tab will sell 90% of its wind turbine business in India and Sri Lanka to an investor group led by the climate investment arm of buyout group TPG, opens new tab, in the latest move aimed at fixing its struggling renewables division. Siemens Gamesa, Siemens Energy’s loss-making wind turbine…
Softlogic Life, one of Sri Lanka’s leading life insurers, today announces it has agreed to acquire 100% of the shares of Allianz Life Insurance Lanka Limited , subject to the approval of the Insurance Regulatory Commission of Sri Lanka. The acquisition aligns with Softlogic Life’s mission to deliver world class life insurance products to consumers…
As agreed with the Sri Lanka Banks’ Association (Guarantee) Ltd. (SLBA), to provide relief measures to affected SMEs by licensed commercial banks and licensed specialised banks, Circular No. 04 of 2024 dated 19.12.2024, and its addendum, Circular No. 01 of 2025 dated 01.01.2025 were issued by the Central Bank of Sri Lanka to ensure the…
SriLankan Airlines partners once again with the Gustav Mahler Society of Colombo (GMSC) to amplify the performing arts in Sri Lanka by supporting their ‘Spring Concert,’ scheduled for 29 March 2025, at the Lionel Wendt Theatre. This special musical event will feature renowned Sri Lankan classical guitarist, Jude Peiris, and Japanese guest artists Hiroshi Kogure…
Emirates’ latest aircraft, the Airbus A350, has made its debut in Sri Lanka, introducing an exciting new dimension in air travel to and from the popular destination of Colombo. The roll out of Emirates’ A350 aircraft to Sri Lanka featuring the airline’s latest interiors, industry-first technologies and innovations, reinforces the airline’s commitment to a market…
LankaPay – Sri Lanka’s National Payment Network, announced their partnership with Ant International, a leading global digital payment, digitisation and financial technology provider, to launch Alipay+ acceptance in Sri Lanka at a press conference held on 25th March 2025 at the Shangri-la Hotel, Colombo. Accordingly, over 400,000 LANKAQR merchants across Sri Lanka will be able…
The High Commission of Sri Lanka in Kuala Lumpur conducted a series of investment promotion activities in Malaysia in collaboration with Colombo Port City in February and March 2025. These initiatives aimed to strengthen economic ties, attract Malaysian investors, and showcase Sri Lanka’s investment potential. The Acting High Commissioner of Sri Lanka in Kuala Lumpur, M.I….
The Indo-Lanka Chamber of Commerce and Industry (ILCCI) of The Ceylon Chamber of Commerce hosted a discussion with Hon. Chathuranga Abeysinghe, Deputy Minister of Industry and Entrepreneurship Development, on Sri Lanka’s industrial growth plan and Indo-Sri Lanka trade and economic cooperation. The event, brought together key stakeholders to explore the government’s economic vision and growth…
Standard Chartered Bank (SCB) has decided to exit its wealth and retail banking (WRB) business in Sri Lanka as part of a broader strategy to streamline operations and focus on markets with greater scale and strategic importance. SCB Sri Lanka recently informed its employees and customers of the decision, which is pending regulatory approval. Until…
The Monetary Policy Board decided to keep the Overnight Policy Rate (OPR) at 8.00% at its meeting held yesterday. The Board arrived at this decision after carefully considering the developments both domestically and globally. The Board remains confident that the prevailing monetary policy stance will ensure that inflation will move towards the target of 5%…
Video Story
