Lead Story
The Colombo stock market recorded a downturn at the close of trading today (30), with both major indices ending in negative territory. The All Share Price Index (ASPI) fell by 283.49 points to close at 21,092.24, while the S&P SL20 Index declined by 91.03 points to settle at 5,908.96 by the end of the trading…
Featured
Atlas Axillia Co. (Pvt) Ltd. announces the launch of its specially curated limited edition “Aluth Avurudu Gift Packs” in celebration of the Sinhala and Tamil New Year, offering a meaningful and educational gifting option for children across Sri Lanka. Timed for the festive season, the initiative encourages parents, relatives, and well-wishers to move beyond conventional…
HNB PLC has entered a strategic partnership with David Pieris Automobiles (Pvt) Ltd to expand access to GWM vehicle ownership in Sri Lanka through attractive leasing solutions, effective from 23 February 2026. HNB, Senior Vice President and Head of Retail Banking, Kanchana Karunagama, said, “We believe access to reliable mobility plays an important role in…
Sri Lanka is getting older, fast. By 2042, one in four Sri Lankans will be above the age of 60. That is not a distant projection. It is sixteen years away. And by most measures, this country is unprepared for what it means, not at a policy level, and certainly not at the level of…
KOKO, Sri Lanka’s premier BNPL platform and fintech innovator, won the Overall Gold Award for Excellence in Digital Payments together with three category Gold Awards at the Grand Finale of the LankaPay Technnovation Awards 2026, marking a standout result in the company’s first year of participation. The event was attended by key leaders from Sri…
As Sri Lanka’s banking sector navigates an increasingly complex economic and regulatory landscape, industry platforms that enable thoughtful dialogue have become more important than ever. At the 36th Anniversary Convention of the Association of Professional Bankers, Sri Lanka (APB), DFCC Bank emerged as a central presence, contributing to the industry conversation through leadership participation, professional stewardship, and…
Running from 27 March at 8.00 p.m. to 8 April, the campaign brings vouchers worth Rs. 50 million, free delivery, discounts of up to 85% off, and special deals from 60 brands during Brand Rush Hour Daraz Sri Lanka, the country’s leading e-commerce platform, has launched its much-awaited Avurudu Wasi campaign, bringing together festive savings,…
Global Harvest (Pvt) Ltd, a Sri Lankan company, has been appointed as the sole importer and distributor for Tropical Link of Canada to distribute their popular “Snow Farms” brand of Canadian dried cherries, including cranberries, blueberries, and tart cherries, in the Sri Lankan market. Snow Farms berries are sourced from the crisp, pristine northern soils…
Born To Win Relationships has introduced a new educational approach aimed at enhancing children’s learning processes through scientific methods, presenting a fresh perspective on why children differ in their learning speed and ability to understand. This variation is not determined solely by intelligence, but largely by how children perceive information. Based on the Feature Integration…
The International Institute of Health Sciences (IIHS) has entered into a strategic partnership with the National Savings Bank (NSB) to enhance access to globally recognized healthcare education for Sri Lankan students. The collaboration was formalized through a Memorandum of Understanding (MoU), under which NSB will provide accessible student loan facilities to support students enrolling in…
Sands Active Private Limited, a conglomerate of Melwa, took part in the 15th edition of the Medicare International Healthcare Exhibition 2026 held at the BMICH in Colombo, where the company showcased a range of its pharmaceutical products to visitors from across the country. During the exhibition, company representatives also conducted awareness sessions to educate the…
Top News
Business Sentiment – Geopolitics Clouds BIZ Confidence March brought a wave of challenges that spilled over from extreme tensions in the Middle East into Sri Lankan waters, raising concerns about the island’s economic outlook and hinting at potential difficulties in the months ahead. The ripple effect of escalating tensions between the US-Israel combine and Iran –…
Exclusive Business Conclave for Investment Promotion on Graphene Technology held at Kingsbury Colombo last weekend aimed at promoting investment in graphene technology, attracting a robust presence of both local and international investors. This high-level platform was orchestrated by Eng. Keerthi Wickramarathna, Chairman of Ragedara Graphite Mines, a pioneer in the mining, research, and production of…
Reuters – Oil prices extended gains on Monday, with Brent headed for a record monthly rise, after Yemeni Houthis launched their first attacks on Israel over the weekend, widening the U.S.-Israel war with Iran in the Middle East. Brent crude futures jumped $2.43, or 2.16%, to $115 a barrel by 0342 GMT after settling 4.2%…
Agoda’s Top Picks for Slow Travel Destinations in Asia Digital travel platform Agoda invites travelers to embrace the art of slow travel with its curated list of Asian destinations. These locations offer a chance to immerse oneself in local culture, enjoy leisurely exploration, and connect with the heart of each destination. As travelers increasingly seek meaningful…
India’s leading airline, IndiGo, has launched a new direct flight service between Delhi and Colombo, further enhancing air connectivity between India and Sri Lanka. The new service, which commenced on 29 March 2026, will operate six times a week using Airbus A320 aircraft, offering passengers more convenient and seamless travel options. The introduction of this…
EWIS recently announced the launch of EWIS AEGIS, a first-of-its-kind AI-powered platform developed in Sri Lanka that is designed to help organisations modernise mission-critical legacy systems with greater speed, control, and predictability. The platform incorporates proprietary technology for which a patent is currently pending. Across industries such as banking, insurance, government, telecommunications, and healthcare, legacy…
The National Packaging Centre (NPC) of the Sri Lanka Export Development Board (EDB) recently conducted an awareness workshop on “Packaging strategies for Spices” for exporters and potential exporters, with the aim of enhancing their knowledge on packaging solutions that meet both local and international market standards. Over 65 exporters and potential exporters participated in the…
Sri Lanka’s apparel exports recorded a broad-based decline in February 2026, reflecting increasing pressure across key global markets. Total exports for the month fell by 11.46% year-on-year to US$ 361.2 million, with notable contractions in the EU (-19.48%), USA (-3.53%), UK (-5.67%), and other markets (-18.54%). This trend extends into the cumulative performance for the…
Analysis
Business Sentiment – Geopolitics Clouds BIZ Confidence March brought a wave of challenges that spilled over from extreme tensions in the Middle East into Sri Lankan waters, raising concerns about the island’s economic outlook and hinting at potential difficulties in the months ahead. The ripple effect of escalating tensions between the US-Israel combine and Iran –…
By Prof. Samitha Hettige Finance Minister J.R. Jayawardena (JRJ) (1906 – 1996) was 45 years old when he proposed to pardon Japan at the 1951 San Francisco Peace Conference. Even he wouldn’t have imagined that Japan would reciprocate the honour with the Sri Jayawardenepura General Hospital (SJGH) with 1001 beds 27 years later. At the…
The effects of higher oil prices and declining equity markets would be the main drivers of the negative global economic impact from an adverse scenario in which the Iran conflict continued until end-1H26, Fitch Ratings says. Our cross-sector analysis shows that global real GDP would be about 0.8% lower after four quarters compared to our…
Video Story
