Lead Story
The Committee on Ways and Means emphasized the importance of utilizing digital technology, broadening the tax base, and strengthening institutional capacity to enhance the efficiency of Sri Lanka’s tax system, while reviewing the country’s fiscal performance, progress in tax revenue collection, and ongoing tax administration reforms. These matters were discussed at a recent meeting of…
Featured
United Motors Lanka PLC (UML), the exclusive authorized distributor of Mitsubishi Motors in Sri Lanka, has introduced the latest 2027 model year Mitsubishi Outlander Sport at the Auto Vision Colombo Motor Show. Featuring additional options and enhanced SUV capability, the upgraded compact SUV is designed to offer Sri Lankan motorists greater choice while meeting the…
A Milestone for Sri Lankan Universities as SLIIT becomes the first Sri Lankan member of the Global Alliance of Entrepreneurial Universities SLIIT has become the first Sri Lankan member of the Global Alliance of Entrepreneurial Universities, an international network convened by UK-based National Centre for Entrepreneurship Education (NCEE) to promote entrepreneurship, enterprise and innovation within…
This August, Hilton Colombo presents the second edition of its widely popular ‘Flavors of Việt Nam,’ a 10-day culinary showcase that will celebrate the vibrant gastronomic traditions of Việt Nam. Taking place from 20 – 29 August 2026 in collaboration with Hilton Saigon, this immersive gourmet experience will encompass authentic Vietnamese recipes, live cooking stations,…
ICTICM 2026 connects global research with practical tools to strengthen crisis preparedness and resilience SLIIT and Massey University (New Zealand) brought together global researchers, practitioners and policy experts at the International Conference on Technology Innovations for Crisis Management (ICTICM) 2026, spotlighting how emerging technologies can shift disaster management from reactive response to proactive preparedness. The…
Access to reliable energy plays a vital role in education, development, and community progress. Gunda Power believes that true power is not measured only by the electricity generated, but also by the hope, opportunities, and positive changes created in people’s lives. Through its flagship Corporate Social Responsibility (CSR) initiative, “From Light to Life,” Gunda Power…
MEXC, a pioneer in 0-fee digital asset trading, served as the official sponsor of Yohani’s live concerts held on August 7 and 8 in Colombo, Sri Lanka. Ahead of the main concert, MEXC also hosted “MEXC Connect: Summer Musical Afternoon Tea” on August 8 at Jetwing Colombo Seven, bringing together 80 key opinion leaders, influencers,…
In a remarkable moment for Sri Lankan entrepreneurship, True Ceylonese, founded by Rushdhun Ramzy, proudly showcased Sri Lanka’s rich heritage of natural wellness and authentic food products at the prestigious Summer Fancy Food Show in New York, one of North America’s largest specialty food and beverage exhibitions, attracting thousands of exhibitors and buyers from around…
Haut Monde Event Management & PR is celebrating its fifth anniversary, marking five years of creating curated events, luxury lifestyle experiences and integrated public relations campaigns across Sri Lanka. Founded by Treshan Pereira, Haut Monde was established with a vision to redefine experiential events by combining creative concepts, strategic planning and execution. The company’s journey…
Couples planning their wedding journey are invited to Vows in the Hills, an exclusive two-day wedding showcase hosted by Kandy Myst by Cinnamon on 15 and 16 August 2026, from 9.00 a.m. to 5.30 p.m. at Level 5 – The Banquet. Bringing together some of Kandy’s leading wedding specialists, the showcase will offer couples the…
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, together with leading apparel manufacturer, MAS Holdings, announced the successful conclusion of the fourth Dialog MAS Enabler Programme, continuing a joint effort to strengthen workplace inclusion by providing persons with disabilities (PWDs) with structured exposure to corporate, manufacturing, and customer service environments. The programme brought together 10…
Top News
Fitch Ratings has upgraded AMW Capital Leasing And Finance PLC’s (AMWCL) National Long-Term Rating to ‘BBB+(lka)’ from ‘BBB(lka)’. The Outlook is Stable. Key Rating Drivers Parent’s Improved Ability to Support: The upgrade of AMWCL’s national rating and the Stable Outlook reflect our view that the credit profile of its parent, Associated Motorways (Private) Limited (AMW), has…
Ministers review bilateral initiatives such as the proposed India-Sri Lanka HVDC interconnection and the Sampur Solar Power Project, among others The Hindu Businessline: India and Sri Lanka on Friday reviewed bilateral cooperation in the power sector at a meeting in New Delhi. The Indian delegation was led by Union Minister of Power and Housing &…
The Sri Lanka Export Development Board (EDB), with the support of the Sri Lanka High Commission in New Delhi and the Sri Lanka Consulate in Mumbai, is organizing a Sri Lankan Business Delegation to India from 8th to 13th August 2026, with a focus on strengthening bilateral trade and investment relations and expanding opportunities for…
EthicalX: Climate & Innovation Hub, a global initiative of Clima Trust and SLYCAN Trust, has opened applications for its 2026 cohort and affiliate network, inviting entrepreneurs developing ethical, sustainable, and climate-friendly solutions to become part of a growing community of innovators and changemakers. As interest in sustainable entrepreneurship continues to grow in Sri Lanka, many…
Consumer expansion and diversified portfolio support top-line growth amid margin pressure Key Highlights Consolidated revenue increases 16.6% YoY to LKR 18.5 billion Healthcare revenue grows 5.9% YoY to LKR 9.1 billion Consumer revenue increases 38.0% YoY to LKR 6.6 billion Agribusiness revenue grows 12.7% YoY to LKR 2.8 billion Profit after tax increases 6.0% YoY…
As Sri Lanka advances its economic recovery and long-term development agenda, improving access to finance for women entrepreneurs remains critical to building a more inclusive economy. The publication of the first annual report on the Women Entrepreneurs Finance Code marks an important milestone in strengthening financial access and broader support for women-owned and women-led enterprises….
The Board of Investment of Sri Lanka (BOI) confirms that the employment of workers formerly attached to Hela Clothing (Pvt) Ltd and Foundation Garments (Pvt) Ltd remains secure, following their full absorption into Emerald Clothing (Pvt) Ltd under a group restructuring exercise completed well ahead of recent developments concerning Hela Apparel Holdings PLC. Recent media…
Reuters – Oil prices rose on Tuesday as negotiations between the U.S. and Iran over a peace deal and the reopening of the Strait of Hormuz hit an impasse, while Asian shares drifted on protracted uncertainty over the global inflation outlook. U.S. President Donald Trump on Monday responded to Iran’s conditions for a peace deal…
Analysis
By Haridhu Abeygoonaratne, Managing Director/COO – SimCentric /Vice Chair – SLASSCOM At first glance, it seems improbable that a company developing advanced military simulation technologies for organisations such as the US Marine Corps, the US Military Academy, the UK Ministry of Defence and armed forces across NATO and Commonwealth countries would have its engineering nerve…
The Economy: Muted Optimism amid Caution Corporate confidence in the economy edged higher in July, supported by improved expectations in business circles regarding the months ahead. Nevertheless, sentiment remains measured as businesspeople continue to contend with rising costs and uncertainty surrounding the broader economic outlook. THE ECONOMY The latest LMD-PEPPERCUBE Business Confidence Index (BCI) survey,…
The unique index gains lost ground amid global risks and domestic uncertainties Even as Sri Lanka earned recognition as the world’s best island destination to visit in 2026, the country continued to attract global attention for all the wrong reasons. The national focus shifted to prison overcrowding and the deadly unrest in Negombo, leading to…
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