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Young people in Sri Lanka are entering one of the most daunting job markets in recent history, confronting Asia’s highest rate of educated youth unemployment alongside severe emergency economic restrictions. According to International Monetary Fund (IMF) research, joblessness among young people (ages 15–24) with advanced or postsecondary education in Sri Lanka has reached 43 percent….
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HNB PLC, Sri Lanka’s leading private sector bank, has partnered with the Sri Lanka Institute of Marketing (SLIM) as the Exclusive Banking Partner for two of SLIM’s premier industry events, the Effie Awards Sri Lanka 2026 and SLIM DIGIS 2.6. Under the partnership, HNB secures exclusive sponsorship and branding rights across both platforms to be…
HR-led transformation places people, culture and business performance at the heart of the organisation Ideal Motors (Pvt) Ltd,has achieved a significant milestone by securing multiple prestigious workplace and organisational culture accolades in 2026, reinforcing its position as an employer of choice in Sri Lanka’s automotive sector. Among its latest achievements, Ideal Motors has been recognised…
Ambewela, Sri Lanka’s benchmark for premium dairy excellence, has once again raised the bar in product innovation with the launch of its new Mango Flavoured Yoghurt, bringing together the rich, authentic taste of mango and the creamy goodness of Ambewela yoghurt. Made from pure, fresh milk sourced from Ambewela’s own farms, the new Mango Flavoured…
New Wattala facility strengthens processing capacity, quality standards and local agricultural value addition Celebrating 45 years in Sri Lanka’s food commodity industry, Omega Traders is entering a new chapter with the opening of its modern Lentil & Orid Dhal Processing Factory at 258 Canal Road, Wattala. The new Lentil & Orid Dhal Processing Factory will…
Kings Hospital Colombo has marked a historic milestone in Sri Lanka’s healthcare sector with the launch of the country’s first AI-powered hospital chatbot. This groundbreaking digital innovation is set to transform the way patients interact with hospital services, offering instant, intelligent, and user-friendly assistance around the clock. As the first of its kind in Sri…
Baby Cheramy, Sri Lanka’s most loved and trusted baby care brand, partnered with the Sri Lanka College of Paediatricians (SLCP) at the 19th Asia Pacific Congress of Paediatrics (APCP), reaffirming its position as a trusted leader in Sri Lanka’s baby personal care category. At the congress, the brand showcased its newly relaunched multi-benefit baby care…
As vehicles become Software-Defined, Evolution Auto’s portfolio brings AI computing capabilities ranging from 48 TOPS in the XPENG L03 to 100 TOPS in the AVATR 07. Evolution Auto is highlighting the growing importance of vehicle computing power as the automotive industry moves towards Software-Defined Vehicles (SDVs), with its current portfolio offering AI computing capabilities ranging…
Marking a major milestone in its growth trajectory, Sri Lankan technology company Soft Gallery (Pvt) Ltd recently celebrated its sixth anniversary alongside the official opening of its modern new office space. Positioned not merely as a real estate expansion, the move represents the company’s transition into its next phase of enterprise growth, driven by deep…
Salesforce has expanded Headless 360, enabling organisations to transform enterprise applications into reusable business capabilities that can be securely accessed by AI agents. The advancement supports businesses as they move towards an AI-powered future, where intelligent agents work alongside employees to improve productivity, decision-making and customer experiences. As enterprises accelerate AI adoption, the ability to…
David Pieris Automobiles (Private) Limited (DPA), the four-wheeler automotive arm of the David Pieris Group, has expanded its BAIC showroom network with the opening of its newest showroom in Kandy. Located at No. 262A, Katugastota Road, Kandy, the new showroom brings BAIC’s range of modern vehicles closer to customers in Kandy and the surrounding areas,…
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Ambassador of Sri Lanka to the Republic of Korea, M.K. Pathmanaathan recently visited the Busan Chamber of Commerce and Industry (BCCI), where he met with senior officials of the Chamber, including Yang Jae Saeng, President of the Busan Chamber of Commerce and Industry. Executive Vice President, Jung Hyun Min and Executive Director Lee, Kyu Jung,…
Global coal demand is forecast to rise 1.2% to a record 8.94 billion tonnes in 2026, with Chinese demand reaching about 5 billion tonnes and Indian demand 1.353 billion tonnes. Higher gas prices caused by reduced LNG flows through Hormuz are encouraging gas-to-coal switching, while strong El Niño conditions are adding cooling demand and reducing…
Dual recognition underscores how ESG principles drive leadership in financial performance, sustainability and inclusive growth Reaffirming its undisputed leadership in Sri Lanka’s banking landscape, the Commercial Bank of Ceylon has secured two of the most coveted accolades at the Euromoney Awards for Excellence 2026, winning the titles of ‘Best Bank in Sri Lanka’ and…
Citypak by Advantis, the domestic courier arm of Advantis Group, the transportation and logistics arm of Hayleys PLC, has entered into a strategic collaboration with PickMe to launch PickMe Courier, a new island-wide parcel delivery feature integrated into the PickMe app. The collaboration brings together Citypak’s expanding logistics capabilities with PickMe’s widely used digital mobility…
Reuters – Warren Buffett stepped down on Friday as chairman of Berkshire Hathaway, ending more than six decades building the conglomerate and making himself perhaps the world’s most revered investor. Buffett, 96, was named chairman emeritus, with his oldest son Howard Buffett, 71, a director since 1993, becoming non-executive chairman. The change came nearly nine…
The 5 MW “Diyajanani” Floating Solar Power Plant, constructed on the Ibbankatuwa Tank in Dambulla under the Government’s national programme to generate electricity using sustainable energy, was connected to the National Grid this afternoon (18) under the patronage of President Anura Kumara Dissanayake. Constructed across an area of 10.5 acres, this solar power plant will…
The Digital Marketers Association of Sri Lanka (DMASL) is set to host Digital Summit Asia | Sri Lanka 2026, powered by Visa, a global leader in digital payments, on 1st and 2nd October 2026 at Water’s Edge, Colombo. The Summit will bring together leading voices from across Asia’s digital, marketing, creative, technology and business communities….
Crude oil prices were on course for a weekly decline after a three-week series of gains, as traders’ fears about Saudi Arabia’s ability to continue exporting oil appeared to have been quelled by reports about ship-to-ship transfers in the Gulf of Oman. At the time of writing, Brent crude was trading at $103.65 per barrel,…
Analysis
Young people in Sri Lanka are entering one of the most daunting job markets in recent history, confronting Asia’s highest rate of educated youth unemployment alongside severe emergency economic restrictions. According to International Monetary Fund (IMF) research, joblessness among young people (ages 15–24) with advanced or postsecondary education in Sri Lanka has reached 43 percent….
By: Bikram Dasgupta, EY GDS Consulting Technology Sector and AI Innovation Leader The future is being shaped by a generation growing up alongside artificial intelligence (AI), biotechnology, and quantum computing. For Sri Lanka, however, the opportunity is not to replicate the scale of the world’s largest technology hubs. It is to turn the country’s talent,…
A prolonged settlement over the MV X-Press Pearl dispute could prove costly for Sri Lanka’s shipping economy Four years after the MV X-Press Pearl caught fire and sank off Colombo, spilling plastic pellets and chemicals along Sri Lanka’s western coastline, the environmental case has largely been settled in the country’s favour. The economic one has…
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