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Fitch Ratings: Fitch Ratings has assigned Sri Lanka-based People’s Leasing & Finance PLC’s (PLC, A(lka)/Stable) proposed Sri Lankan rupee-denominated subordinated listed debenture issue of up to LKR10 billion a final National Long-Term Rating of ‘BBB+(lka)’. Key Rating Drivers The proposed debentures will mature in five years and will be listed on the Colombo Stock Exchange….
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Seylan Bank PLC has entered a strategic partnership with Toyota Lanka (Private) Limited to offer enhanced leasing facilities for customers purchasing passenger and commercial vehicles, combining competitive financial solutions with greater convenience and a streamlined approval process. The Memorandum of Understanding (MoU) effectively introduces a dedicated leasing facility, bringing together Seylan Bank’s expertise in financial…
Singer, one of Sri Lanka’s largest and most trusted consumer durables retailers, has partnered with Mintpay, Sri Lanka’s premier payments platform, to give customers a more flexible and rewarding way to pay across its network. With this collaboration, Singer shoppers now have two ways to pay with Mintpay. Pay Later splits the price into three…
Softlogic GLOMARK, one of Sri Lanka’s leading supermarket chains, has been recognised at the Dragons of Sri Lanka Awards 2026, winning Gold and Black Dragon for Loyalty & Acquisition and Product Relaunch. The recognition reflects a deliberate strategic shift in how GLOMARK engages with the evolving needs of Sri Lankan consumers. Rather than competing primarily…
The Maxxis Ceylon Open 2026 concluded successfully with its Grand Finale Weekend, held on August 22 and 23 at Padel House, CR & FC, capping one of Sri Lanka’s largest padel doubles championships. Organised by Padel Chief, a Sri Lankan-built digital infrastructure platform for competitive premium racket sports, with Maxxis Sri Lanka on board as…
Thyaga has introduced Greetly, a new greeting card gifting solution designed to make everyday gifting more thoughtful, convenient, and useful for both the giver and the receiver. Greetly brings together two things people already love: the personal touch of a greeting card and the freedom of a Thyaga voucher. Each Greetly card comes with a…
Canvasses more than 350 merchants and activates cashback campaign with 40+ Jaffna businesses as part of CBSL’s latest digital payments promotion Reaffirming its commitment to leading the nation toward a sustainable digital economy, the Commercial Bank of Ceylon has taken its digital payments drive to Jaffna, undertaking its most extensive single-region merchant canvassing exercise to…
Defy has announced the launch of DEFY INT, its new through-the-line (TTL) agency, with Wasaam Ismail appointed as Chief Executive Officer. DEFY INT is built for brands that need their thinking to work cohesively across every touchpoint. With digital at its core, the agency brings together creative conceptualisation, integrated campaigns, audio-visual and film production, live…
Signals the next chapter in Sri Lanka’s luxury real estate landscape 73Avenue Realtors, the Sri Lankan luxury real estate company that emerged during the COVID-19 pandemic by pioneering virtual property experiences, has opened its new headquarters at 103 Barnes Place, Colombo 7, marking a significant milestone in the company’s growth and its ambition to redefine…
Company’s sales professionals lead Advisor, Supervisor, Branch Manager and Fast Starter categories Ceylinco Life has reaffirmed its standing as a powerhouse of sales excellence in Sri Lanka’s life insurance industry, securing an outstanding 12 awards at the 2026 edition of the National Forum for Life Insurance Advisors (NAFLIA), including five National Awards that recognised its…
Nine awards, including two Golds, across disciplines recognise business-driven creativity Ogilvy Group Sri Lanka delivered a standout performance at the recently concluded Dragons of Sri Lanka 2026 Awards, securing a total of nine awards comprising two Gold Dragons, one Silver Dragon and six Black Dragons, among the festival’s highest overall award tallies. Gold Dragon wins…
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Sri Lanka Export Development Board (SLEDB) organized a seminar cum workshop on Hand Soldering Techniques and Wire Harness Techniques in association with Vocational Training Authority of Sri Lanka (VTA), Global Electronics Association (IPC India), and Sri Lanka Electronic and Electrical Manufacturers and Exporters Association (SLEEMEA) on 14th August 2026 at K-TEC Orugodawatta. This event was…
Renowned philanthropist and business leader Eng. Nahil Wijesuriya has donated the complete range of modern medical equipment required for the newly established National Kidney Stone Referral Centre in Meerigama, marking a significant advancement in Sri Lanka’s capacity to provide specialized urological care through the public healthcare system. The contribution adds to Eng. Wijesuriya’s longstanding record…
As Sri Lanka moves beyond economic stabilisation, attention is increasingly turning to how the country can maintain its growth momentum while preparing for the challenges ahead. This will be among the key questions at the Sri Lanka Economic & Investment Summit 2026 (SLEIS 2026), organised by The Ceylon Chamber of Commerce on 12-13 October, where…
A special leadership dialogue aimed at strategically and responsibly implementing Artificial Intelligence (AI) and digital transformation across Sri Lanka’s state university system was held recently (September 04) at the Faculty of Medicine premises, University of Colombo, alongside the Committee of Vice-Chancellors and Directors (CVCD) Conference under the theme “Artificial Intelligence and Digital Transformation in Higher…
The Board of Investment of Sri Lanka (BOI) recently hosted the fifth working-level meeting of the Sri Lanka–Japan Business Environment Committee, a platform established to address the operational and business challenges faced by Japanese investors operating in Sri Lanka. The quarterly meeting brought together representatives of the Embassy of Japan, the Japan External Trade Organization…
Thailand to End Visa-Free Entry for Sri Lankan Travelers Starting September 15, 2026 In a major shift in immigration policy, travelers from Sri Lanka holding ordinary passports will soon be required to obtain a visa before entering Thailand. Starting September 15, 2026, Sri Lanka will be officially removed from Thailand’s visa exemption scheme, ending the…
Hambantota, Sri Lanka, August 2026: NYK’s Azalea Leader, a new-generation LNG dual-fuel Pure Car and Truck Carrier (PCTC), made its maiden call at Hambantota International Port (HIP) recently, marking another significant development in the port’s growing role as a regional automotive transhipment gateway. Built in 2026 and sailing under the Liberian flag, the nearly 200-metre…
The Sri Lanka Export Development Board (EDB) recently unveiled a specially branded Airbus A321 Neo aircraft of Sri Lankan Airlines, liveried with the “Sri Lanka Expo 2027” brand identity, to promote Sri Lanka Expo 2027 – the country’s premier international exhibition. The Expo will comprehensively showcase Sri Lanka’s diverse export sectors, including agriculture, industrial manufacturing,…
Analysis
Confidence in the economy strengthened in August with a larger share of corporate executives anticipating an improvement in the months ahead. However, the outlook remains cautious with half of those surveyed expecting economic conditions to remain unchanged amid rising costs and continued uncertainty surrounding the broader economic milieu. THE ECONOMY The latest LMD-PEPPERCUBE Business Confidence…
Sri Lanka’s external current account recorded a deficit of US $142 million in July 2026, marking the fourth consecutive month in negative territory as the nation navigates severe headwinds from geopolitical developments in the Middle East. According to the latest data, the cumulative external current account has slid into a deficit of US $387 million…
Conrad Dias, Vice Chairman of the Fintech Forum Sri Lanka and Chairman of LOLC Finance PLC, believes the next stage of Sri Lanka’s fintech journey is about helping local fintech companies access larger regional markets, strengthen collaboration with banks and regulators, and build an ecosystem capable of sustaining long-term growth. For Sri Lanka’s fintech companies,…
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