Lead Story
Reuters – Apple, opens new tab on Monday named longtime hardware boss John Ternus as its next CEO, turning to another insider to steer the iPhone maker after Tim Cook as it navigates a world radically altered by artificial intelligence, a technology it has lagged on. Cook, a supply-chain genius who boosted Apple’s market value…
Featured
The Commercial Bank of Ceylon has announced the retirement of its Chief Operating Officer and Executive Director, Mr S. Prabagar, from the Bank with effect from 26th April 2026, concluding a distinguished career spanning over 30 years of dedicated service. A seasoned banking professional with extensive and diversified experience, Mr Prabagar had been at the…
There’s a new kind of dining experience taking shape along Sri Lanka’s southern coast and it arrives with a distinct sense of personality. Set against the oceanfront backdrop of Radisson Blu Resort Galle, Yazu brings its signature blend of Pan-Asian cuisine, immersive design, and high-energy atmosphere to a destination that feels both elevated and effortlessly…
DeltaSpike, a Sri Lankan-founded cybersecurity technology company headquartered in Malaysia, has secured a strategic investment from VentureTECH, a Malaysian government-backed impact investment firm. The investment marks an important milestone for the company as it strengthens its technology platform and expands its cybersecurity operations across Southeast Asia and South Asia. The funding will support the continued…
Motadata, a leading provider of Unified Observability and ServiceOps solutions, empowers enterprises with an AI-powered unified platform that delivers complete visibility, control, and intelligence across complex IT environments. By bringing observability and service management together under a single integrated stack, Motadata helps organizations proactively streamline operations, reduce downtime, and align IT performance with business outcomes….
Gavinro International recently launched its electric vehicle arm, GV Auto, a modern, practical, cost-effective solution for navigating a rapidly evolving economic and energy landscape today. Building on its legacy of innovation and forward-thinking enterprise, the Gavinro Group of Companies over the years has established a strong presence across multiple sectors, guided by a commitment to…
Janashakthi Insurance PLC has appointed Hasitha Leanage and Hugh Terry as Independent Non‑Executive Directors to the Board, with effect from 20th April 2026. Hasitha Leanage is a corporate finance professional with an actuarial background and more than 15 years of experience in life insurance, strategic advisory and capital markets. Over the past decade, he has…
Aventude has secured a major win at the Singapore Business Review Technology Excellence Awards 2026, taking home the award for Information Management – Computer Software in recognition of its outstanding engineering contribution to Norway’s public sector digitalisation through the low code platform, Compose. This recognition places Aventude among a distinguished group of companies driving digital…
LIMRA Holdings Limited, one of Sri Lanka’s most diversified and quietly ambitious conglomerates, has earned a landmark double recognition at the Best Management Practices Company Awards 2026 held recently. LIMRA Holdings was named among the Top 40 Outstanding Companies in Sri Lanka and awarded Gold in the People and HR Governance ESG cluster – two…
Sampath Bank Private Banking hosted an elegant Iftar gathering at Cinnamon Life Colombo, welcoming valued clients for an evening that reflected the warmth, generosity, and cherished traditions of Ramadan. The occasion was thoughtfully curated to bring clients together in a setting that encouraged conversation, shared reflection, and a genuine sense of togetherness, echoing the essence…
Belluna Lanka, the South Asian anchor of Belluna Co. Ltd., Japan, reinforces its residencies portfolio through 447 Luna Tower, a completed residential development in Colombo 02, with a limited release of units available for sale. Marking its longstanding presence in Sri Lanka, the company highlights sustained buyer confidence and reaffirms 447 Luna Tower as a…
Top News
The Annual Economic Review 2025, the publication in accordance with Section 80 of the Central Bank of Sri Lanka Act, No. 16 of 2023, was presented to His Excellency Anura Kumara Dissanayake, the President and the Minister of Finance, Planning and Economic Development, by Dr. P Nandalal Weerasinghe, the Governor of the Central Bank of…
• People’s Bank records highest profit in its history in 2025 – Chairman, Prof. Narada Fernando • Bank of Ceylon achieves highest profit in its 87-year history in 2025 – Chairman, Kavinda De Soysa • National Savings Bank records highest pre-tax profit of Rs. 59 billion in 2025 – Chairman, Dr Harsha Cabraal The People’s…
The Central Bank of Sri Lanka’s “Annual Economic Review 2025” and “Financial Statements and Operations 2025” reports were presented this morning (20) at the Presidential Secretariat to the Minister of Finance, Planning and Economic Development, President Anura Kumara Dissanayake. The two reports were formally presented to the President by the Governor of the Central Bank,…
Sri Lanka’s storytelling excellence took centre stage at the Inspire Global Media Awards 2026, held recently in London, United Kingdom with a packed room of media glitterati. The Sri Lankan travel documentary produced by Mark Julian Edwards won the prestigious Television Broadcast of the Year at the ceremony, contested by BBC and Amazon TV. The…
The World Bank has projected Sri Lanka’s economic growth to moderate to 3.6% in 2026, reflecting a slowdown from the stronger recovery momentum seen in 2025, according to its April 2026 – South Asia Economic Update report. Despite the moderation, the global lender noted that the size of Sri Lanka’s economy is expected to recover to…
DFCC Bank PLC convened its 70th Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) at its Head Office, marking a significant milestone in the Bank’s seven-decade journey. The meetings brought together shareholders and proxy holders alongside the Board of Directors and Senior Management. All resolutions presented at the AGM, including the reappointments of Directors, were…
The Petroleum Dealers’ Association has written to President and Finance Minister Anura Kumara Dissanayake seeking his intervention over changes to the fuel dealers’ commission calculation method and the reduction of commission payments. In a letter addressed to the President, the Association stated it decided to bring the matter to his attention after attempts to resolve…
Sri Lanka’s delegation, led by Central Bank Governor Nandalal Weerasinghe, held discussions with senior officials of the International Monetary Fund and the World Bank Group, as well as rating agencies and investors, on the sidelines of the 2026 Spring Meetings. IMF Managing Director Kristalina Georgieva congratulated Sri Lanka on reaching a staff-level agreement on the…
Analysis
The Annual Economic Review 2025, the publication in accordance with Section 80 of the Central Bank of Sri Lanka Act, No. 16 of 2023, was presented to His Excellency Anura Kumara Dissanayake, the President and the Minister of Finance, Planning and Economic Development, by Dr. P Nandalal Weerasinghe, the Governor of the Central Bank of…
The World Bank has projected Sri Lanka’s economic growth to moderate to 3.6% in 2026, reflecting a slowdown from the stronger recovery momentum seen in 2025, according to its April 2026 – South Asia Economic Update report. Despite the moderation, the global lender noted that the size of Sri Lanka’s economy is expected to recover to…
Purchasing Managers’ Indices indicate expansions in both Manufacturing and Services activities in March 2026. Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) increased to 66.7 in March 2026, supported by heightened activity related to seasonal demand. However, many respondents reported a tight production environment, mainly attributed to raw material and fuel shortages, rising costs,…
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