Lead Story
Reuters – Huawei and Xiaomi launched new flagship foldable smartphones on Monday, stepping up competition in China’s premium handset market ahead of Apple’s product launch later this week. Huawei’s new Mate XT2 series, which fold out twice into a tablet-sized screen, features its Kirin 9050 Pro chip, a redesigned hinge, improved water resistance and a privacy screen…
Featured
~New MoU provides access to enhanced salary banking privileges, personal and home loan solutions, wealth solutions, family-focused services and digital banking convenience~ DFCC Bank has entered into a strategic partnership with John Keells IT to extend its Employee Banking Proposition to John Keells IT employees, giving them access to a wider range of financial solutions,…
KOKO, Sri Lanka’s leading Buy Now, Pay Later (BNPL) platform, has partnered with Ceylinco General Insurance to introduce Sri Lanka’s first customised medical insurance offering designed exclusively around the needs of KOKO customers. The partnership marks a first for Sri Lanka’s fintech and insurance sectors, bringing together Ceylinco General Insurance’s decades of expertise in health…
Seylan Cards has partnered with City of Dreams Sri Lanka, to present ‘This Is Michael: Relive the Legend’, a live tribute to the legacy, music, and energy of Michael Jackson. Held at City of Dreams Sri Lanka, from the 8th to the 9th of November 2026, the event offers Seylan Cardholders the unique opportunity to…
Euro Motors has recently relaunched its dedicated Spare Parts Showroom, located at No. 27, Sri Saddharma Mawatha, Colombo-10, offering customers convenient access to a comprehensive range of genuine spare parts for vehicles across its portfolio of brands for both passenger vehicles and trucks & busses, including Jetour, Dongfeng, JAC, Bonluck, Ankai and Joylong. The newly…
Digibrush also ranks No. 24 among the world’s most effective independent agency offices Sri Lankan-grown independent agency Digibrush Productions has achieved a historic milestone on the global stage, ranking No. 5 among Asia-Pacific’s Most Effective Independent Agency Offices in the newly released 2025 Effie Index. The Colombo-based firm shared the regional top five alongside leading…
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…
Top News
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider and the provider of Sri Lanka’s first and largest mobile money service, eZ Cash, has signed a partnership with Ria Money Transfer (Ria), a global leader in cross-border money transfers and a business segment of Euronet Worldwide, Inc. (NASDAQ: EEFT), to enable individuals abroad to send money…
Ambassador of Sri Lanka to Thailand and Permanent Representative to ESCAP, H.E. Wijayanthi Edirisinghe, reaffirmed Sri Lanka’s commitment to promoting an inclusive, secure, people-centred and digitally connected Asia-Pacific at the 5th Session of the Committee on Information and Communications Technology (ICT) of ESCAP, held from 2–4 September 2026 in Bangkok. The Ambassador highlighted Sri Lanka’s…
The Commercial Bank of Ceylon has reinforced its market leadership under the National Credit Guarantee Scheme, having disbursed the highest total loan amount among all participating financial institutions. The milestone was celebrated with the National Credit Guarantee Institution Limited (NCGIL) issuing its 2,000th guarantee to Commercial Bank, in recognition of the Bank’s dominant contribution to…
Reuters – The yen surged on Tuesday, while Asian markets struggled for direction as a mixed batch of regional economic data and fresh Iranian threats in the Persian Gulf drove oil prices and bond yields higher. Japan’s Nikkei 225 fluctuated between gains and losses before edging up 0.2%, as the yen jumped as much as 0.6%…
Surge has acquired a majority stake in IDEA8, an IoT and embedded systems company, to launch Surge Robotics. The new business will focus on industrial automation, intelligent hardware and connected manufacturing. The acquisition moves Surge beyond enterprise software into physical technology. It combines Surge’s software, AI and cloud capabilities with IDEA8’s expertise in embedded systems,…
The latest data from the Central Bank of Sri Lanka shows that the country’s official reserve assets increased by 4.6% to USD 6,905 million by the end of August 2026. At the end of the previous month, July 2026, this value was recorded at USD 6,600 million. Foreign currency reserves, which are the main component of…
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….
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…
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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