The Central Bank of Sri Lanka (CBSL) has announced that the vast majority of depositors at Nation Lanka Finance PLC (NLFP) will be fully compensated following the company’s license cancellation. According to the CBSL, the Sri Lanka Deposit Insurance Scheme (SLDIS) will provide compensation up to a maximum of Rs. 1,100,000 per depositor. This measure…
The Securities and Exchange Commission of Sri Lanka (SEC) has issued a formal warning to social media users regarding the unauthorized use of the Colombo Stock Exchange (CSE) brand. Under the directive, individuals are prohibited from using the CSE name or logo and cannot imply they are a “Stock Exchange”. Additionally, only Registered Investment Advisors…
Imran Furkan appointed Chairman; Gimhan Sawinda Rajapaksha Dissanayake joins Board as Independent Non-Executive Director Maharaja Foods PLC today announced a series of changes to its Board of Directors aimed at strengthening governance and accelerating the Group’s next phase of growth. The Board has appointed Mr. Imran Furkan as Chairman, bringing a more mature and seasoned…
As businesses navigate an increasingly complex operating environment shaped by workforce transformation, evolving stakeholder expectations, technological disruption and shifting market demands, strengthening performance requires more than new strategies. It requires new ways of thinking, leading, and collaborating. It was against this backdrop that UN Global Compact Network Sri Lanka convened CATALYZE 2026: Social, bringing together…
Oil palm cultivation in Sri Lanka has for many years been surrounded by strong public debate. Among the most common allegations is that oil palm degrade soil, accelerates erosion, loss of understory biodiversity and weakens the environmental health of plantation landscapes. These concerns must not be dismissed lightly, because soil functions as the vital matrix…
In the highly competitive global Foreign Direct Investment (FDI) landscape, multinational apparel brands and institutional investors are radically pivoting. The primary criteria for selecting manufacturing destinations have evolved past cheap labor and rapid throughput; today’s market demands uncompromising environmental stewardship, supply chain traceability, and flawless regulatory compliance. This shift is heavily underscored by the mandate…
Sri Lanka Tourism Promotion Bureau (SLTPB) has launched a special international influencer familiarization tour from 6th July to 17th July 2026, bringing together some of the most recognized digital content creators from Australia and Indonesia to experience and showcase the beauty, culture, and hospitality of Sri Lanka. The initiative aims to introduce Sri Lanka’s diverse…
The Sri Lanka–Germany Business Council (SLGBC) hosted its Members’ Day recently, bringing together industry leaders, diplomats, and business professionals to enhance trade relations between Sri Lanka and Germany. The event served as a platform to acknowledge the significant contributions of German businesses in Sri Lanka and explore future opportunities for bilateral economic cooperation. His Excellency…
Emirates customers have made more than one million connections to Starlink Wi-Fi since the service was introduced across the airline’s fleet 7 months ago, marking a major milestone in the evolution of inflight connectivity. More than a Petabyte of data has already been used by customers and feedback on the service has been exemplary – with many…
The Central Bank of Sri Lanka (CBSL) initiated resolution actions on Nation Lanka Finance PLC (NLFP) effective from 04.07.2025 under the provisions of the Banking (Special Provisions) Act, No. 17 of 2023 (BSPA). This action was taken following NLFP’s continuous violations of the provisions of the Finance Business Act, No. 42 of 2011, despite the…
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