Lead Story
In terms of section 44 of the Finance Business Act, No. 42 of 2011 (FBA), the Director of the Department of Supervision of Non-Bank Financial Institutions (Director of DSNBFI) of the Central Bank of Sri Lanka (CBSL) has issued orders to the following companies and its directors preventing the disposal, transfer, or otherwise dealing with…
Featured
Panadura is set to turn up the fun and turn down the heat as Sprite brings its Heat Down Festival to the Panadura Beach Park on Sunday, 27 September, from 2pm onwards. Designed as a high-energy beach experience, the festival will bring together water-based fun, interactive activities, music and plenty of opportunities for festivalgoers to…
Recognition arrives as Santani Wellness marks its 10th anniversary, validating a decade-long bet on a category the industry once dismissed Sri Lanka has been named the world’s top trending and fastest growing wellness destination for 2026, recording the highest year-on-year growth in traveller interest of any destination globally and finishing ahead of established wellness markets…
As the global maritime community observes World Maritime Day 2026 under the theme “From Policy to Practice: Powering Maritime Excellence,” Colombo Dockyard PLC (CDPLC) is highlighting Sri Lanka’s growing contribution to international shipbuilding, ship repair and maritime engineering. Established in 1974 and strategically located within the Port of Colombo, CDPLC has evolved from a national…
In partnership with the Coconut Cultivation Board of Sri Lanka As part of the Coconut Development Plan, Nestlé Lanka partnered with the Coconut Cultivation Board of Sri Lanka (CCB) to conduct a two-day regenerative agriculture training programme for coconut farmers. First launched in 2024, the initiative has now been implemented for three consecutive years, with…
ITC Ratnadipa, Colombo welcomes Chef Prakhar Srivastava as Sous Chef to Avartana, marking a new chapter in the culinary journey of the restaurant as it continues its distinctive interpretation of progressive South Indian cuisine to Colombo. Chef Prakhar’s association with Avartana began in 2024 at Avartana, ITC Maratha, Mumbai, where he joined as Junior Sous…
By Nomal Wijeyaratne, Founder and Chairman, Quantum Fitness After 28 years in Sri Lanka’s fitness industry, I believe we should be asking a fundamental question: why are we still not moving enough? When I entered the industry in 1998, gyms were relatively few and exercise was largely associated with bodybuilding, sport or appearance. Today, specialist…
After 13 days and 1,333 kilometres across Sri Lanka, the riders of the 1333 Bikeathon reached Viharamahadevi Park on 10 September, World Suicide Prevention Day. The ride had ended. But the conversations it started, and the number it carried, remained. As they travelled through towns and communities, the riders met people, spoke about mental wellbeing…
What’s new: bStocks collateral support available to all eligible users, including non-VIP What users can do: Maintain tokenized stock exposure while using those same assets as collateral for futures and margin trading Strong early adoption: bStocks surpassed $30 billion in cumulative trading volume in less than 90 days following their June 2026 launch. Binance recently…
The Sri Lanka Institute of Information Technology (SLIIT) and Liverpool John Moores University (LJMU), United Kingdom, recently inaugurated SLIIT International in Collaboration with LJMU, a dedicated international learning facility located at No. 17, Dickmans Road, Colombo 04, marking a significant milestone in a partnership spanning more than a decade and reinforcing their commitment to providing…
SLIM DIGIS 2.6, under the theme ‘Mission to Extraordinary’, marks a significant milestone in Sri Lanka’s digital marketing journey by taking the platform beyond national boundaries for the first time. This year’s edition has opened its doors to international participants, creating a new benchmark for SLIM DIGIS and the wider digital marketing industry by providing…
Top News
Programme already underway to bring about a major transformation in Sri Lanka’s industrial sector – Minister of Industry and Entrepreneurship Development Sunil Handunnetti The National Business Facilitation Centre (NBFC), established under the Presidential Secretariat with the objective of removing administrative and regulatory barriers between government institutions relating to investment and industry and expediting these processes,…
Stable Outlook reflects resilient financial profile and confidence in company’s ability to navigate cost pressures and competitive intensity Sri Lanka’s leading tyre manufacturer CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a ‘Stable Outlook’ from Fitch Ratings for the sixth consecutive year, reinforcing the company’s sustained financial resilience and established…
Ambeon Capital PLC, the Colombo Stock Exchange-listed investment holding company, has signed a memorandum of understanding with Sincere Syndication and Corporate Services LLP and Avyukthi Consulting & Advisory Services LLP to establish collaborative investment desks in Colombo and Chennai. The arrangement is designed to channel cross-border capital between Sri Lanka and India across listed equities,…
A consortium comprising Sri Lankan renewable energy developer Vidullanka PLC and India’s Skipper Limited has emerged as the lowest-cost bidder for a LKR 5.0 billion high-voltage transmission line project in Sri Lanka. The tender, officially titled the National Transmission and Distribution Network Development and Efficiency Improvement Project Package 3 (Phase ii), encompasses the construction, installation,…
Fitch Ratings has upgraded Sri Lanka’s Long-Term Issuer Default Ratings (IDRs) to ‘B-’ from ‘CCC+’. The Outlook is Stable. The upgrade reflects the implementation of macro-stabilization policies, underpinned by structural reforms, which have eased external financing risks and provide a degree of resilience to shocks. This is reflected by sharp improvements in fiscal and external…
The Sri Lanka–Nordic Business Council (SLNORBC) of The Ceylon Chamber of Commerce hosted its Members’ Day and Panel Discussion under the theme “Skills, Start-ups and Innovation: Developing the Next Generation of Partnerships,”, bringing together business leaders, entrepreneurs, and policymakers from Sri Lanka and the Nordic region to discuss opportunities for collaboration in innovation-driven sectors. The…
Resus Energy PLC has officially announced the commissioning of a solar power plant located in Damana, Ampara. The project was developed and implemented by Resus Eastern Solar (Pvt) Limited, a wholly owned subsidiary of Resus Energy PLC. The newly commissioned plant is expected to generate and supply approximately 3.5 GWh of clean energy annually to…
Reuters – Technology stocks powered Asian markets higher on Tuesday as lower oil prices lifted sentiment and investors pinned their hopes on US-Iran talks, while the dollar stood tall on bets that more hikes are needed to rein in inflation. Attention is also turning to a high-stakes meeting between Donald Trump and Xi Jinping later…
Analysis
The Peoples Republic of China was founded by the Chinese Communist Party on 1st October 1949 & will be celebrating its 77th anniversary this year. Sri Lanka (then Ceylon) recognized it when many didn’t as latter has had centuries old relations with the great Chinese civilization. China is the only permanent member of the UN…
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,…
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