Lead Story
The Colombo Commercial High Court on Friday dismissed a petition filed by M. Thiyagaraja seeking permission to take action against National Development Bank PLC (NDB), its directors and external auditors over an alleged Rs. 13.2 billion fraud. High Court Judge Viraj Ranatunge issued the order on October 9, 2026, stating that the requirements for proceeding…
Featured
Global home-care brand CIF is strengthening its presence in Sri Lanka, giving consumers wider access to its multi-surface cleaning solutions through leading supermarket chains and e-commerce platforms. CIF’s growing local availability comes as convenience and versatility become increasingly relevant in household cleaning. Modern homes present multiple cleaning challenges, from stubborn kitchen grease and burnt-on food…
ESOFT UNI has marked a historic milestone for Sri Lanka’s education sector by securing its third consecutive ASOCIO honour, receiving the prestigious AI in Education Award 2026 at the ASOCIO Digital & AI Summit held in Jakarta, Indonesia. The achievement marks a significant moment for ESOFT UNI, making it the only educational institution in Sri…
SDB bank has announced the appointment of Manoj Akmeemana as its Chief Executive Officer, placing a highly respected banker with more than 35 years of financial sector experience at the helm to lead the bank’s strategic business expansion and digital transformation, while advancing its core mission of empowering micro, small and medium enterprises across Sri…
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, joins the Institution of Engineers, Sri Lanka (IESL) to launch the IESL National Startup Challenge, creating a national pathway for aspiring entrepreneurs to transform innovative ideas into commercially viable, investment-ready startups. The initiative reflects a shared commitment to strengthening Sri Lanka’s entrepreneurship ecosystem through structured development, expert…
Partnership with The AI Board, UK, opens a UK-regulated AI pathway from age 14 to master’s level through 40 study centres islandwide. Learners across Sri Lanka, from major cities to rural villages, can now pursue UK-regulated AI qualifications from age 14 through to master’s level, following a new partnership between ESOFT and The Artificial Intelligence…
Sri Lanka Insurance Life (SLIC Life), the nation’s most trusted life insurance provider, recently hosted its prestigious Star Awards 2026 at Shangri-La Colombo, in a grand celebration dedicated to recognising exceptional sales excellence. Held under the inspiring theme “Ignite the Extraordinary,” the awards honoured outstanding achievers whose exceptional performance, determination and commitment contributed to another…
Leaders across LAUGFS Supermarkets, LAUGFS Lubricants and LAUGFS Petroleum recognised for excellence in leadership and management. LAUGFS Group marked a significant achievement at the CPM Management Leadership Excellence Awards 2026, with several of its leaders receiving prestigious accolades in recognition of their excellence in management, leadership and strategic decision-making. Organised by the Institute of Chartered…
Running from 9 to 16 October, the campaign brings together Brand Rush Hour, Flat Discounts, Mega Deals, Hot Picks and instalment options across selected banks. Daraz Sri Lanka is set to launch its 10.10 Shopping Fest, bringing shoppers deals across electronics, fashion, beauty, home appliances and everyday essentials. Going live at 8 p.m. on 9…
Reinforcing its commitment to environment and community development, SDB bank continues to support Project BLUE, Bringing Life to the Ecosystem, through its latest phase implemented in partnership with the ZeroPlastic Club of the Ocean University of Sri Lanka. Following the success of the inaugural programme in Dodanduwa, the second phase expanded the initiative to Trincomalee,…
Novus Technologies has come on board as the Platinum Sponsor of the inaugural Sri Lanka FinTech Festival 2026, the official national FinTech festival organized by the FinTech Forum Sri Lanka in collaboration with the Ministry of Digital Economy. The Sri Lanka FinTech Festival 2026 will take place on 2nd and 3rd November 2026 at the…
Top News
Conducts pioneering awareness programmes for farmers in collaboration with two state universities, govt. officials and technology providers In response to emerging climate risks, the Commercial Bank of Ceylon has launched a proactive initiative through its Development Credit Department, to equip Sri Lanka’s agricultural sector against the potential impacts of the 2026 El Niño climate pattern….
New AI Hub strengthens 99x’s AI-first approach, while its agentic AI platform wins the Gold award as the “Best Agentic AI Solution” at the National AI Awards 2026 99x, a global product engineering company headquartered in Norway, has launched AI Hub, an observability platform designed to provide greater visibility into AI-assisted workflows and performance metrics….
Multilingual AI travel assistant available on 011 778 8288 Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, in partnership with the Ruhunu Tourist Bureau, announced the launch of Travel Sri Lanka – Powered by Dialog AI, an AI-powered multilingual tourism voice assistant designed to make tourism information more accessible to local and international travellers. Supporting…
The Committee on Public Finance recently summoned officials of the Central Bank of Sri Lanka to Parliament to inquire into the financial irregularities identified at NDB Bank and the final audit report relating to the matter. The Committee meeting, chaired by Hon. Member of Parliament Dr. Harsha de Silva, discussed irregularities identified in NDB Bank’s…
Reuters – Oil prices fell on Friday as Middle East supply concerns eased after US President Donald Trump said it will not attack Iran before US elections next month amid productive talks to end their war that has disrupted global energy markets. Brent crude futures fell $1.37, or 1.3%, to $102.91 a barrel by 0450…
Montana Governor Greg Gianforte, accompanied by First Lady Susan Gianforte and a delegation from the state of Montana, will visit Sri Lanka on October 9 to expand opportunities for American agricultural exports and deepen security cooperation through the Montana National Guard’s State Partnership Program. Located in the northwestern United States, Montana is known for its…
The Securities and Exchange Commission of Sri Lanka (SEC) has issued an official regulatory warning informing the public that Quantum AI Limited is not licensed, registered, or authorized by the SEC to operate in Sri Lanka. The regulator clarified that Quantum AI Limited lacks authorization to conduct securities trading, provide investment services, or carry out…
Product discovery in Sri Lanka has undergone a permanent digital shift, with digital channels now influencing 51% of consumer purchase decisions, up sharply from 32% in 2020. According to findings from the BCG-Ceylon Chamber Consumer Study across all nine provinces, online touchpoints are dominating the pre-purchase evaluation phase. While word-of-mouth remains the overall leading source…
Analysis
Product discovery in Sri Lanka has undergone a permanent digital shift, with digital channels now influencing 51% of consumer purchase decisions, up sharply from 32% in 2020. According to findings from the BCG-Ceylon Chamber Consumer Study across all nine provinces, online touchpoints are dominating the pre-purchase evaluation phase. While word-of-mouth remains the overall leading source…
Household consumption across Sri Lanka has staged a significant recovery, reaching LKR ~9 trillion in 2025 and continuing to anchor 60% to 70% of real GDP. However, a newly released landmark study by the Ceylon Chamber of Commerce and Boston Consulting Group (BCG) reveals an uneven economic recovery beneath the aggregate numbers. Approximately 0.4 million…
By Lalith Obeyesekere, Secretary General, Planters’ Association of Ceylon In his memoirs, Lee Kuan Yew described Ceylon as Britain’s model Commonwealth country, and took note of the significant lead that then Ceylon had in terms of its resources, infrastructure and institutions when compared to the Singapore he had inherited, or to his immediate neighbours, Malaysia…
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