Lead Story
The Colombo Stock Exchange (CSE) ended Thursday’s (16) trading session in positive territory, with both benchmark indices posting modest gains. The All Share Price Index (ASPI) rose by 29.77 points to close at 21,447.57, while the S&P SL20 Index gained 16.37 points to end the day at 6,004.99. Market turnover for the session amounted to…
Featured
DMS Software Engineering (Pvt) Ltd (DMS) has announced the successful implementation of its flagship DMS-IMAGO platform at HSBC Sri Lanka, marking another milestone in the company’s journey as a trusted provider of enterprise-grade banking technology solutions. The implementation further reinforces DMS’ growing reputation as a fintech partner capable of delivering scalable, future-ready infrastructure to global…
Demonstrating its continued commitment to community development, Citi partnered with ChildFund Sri Lanka to support Mawela Kanishta Vidyalaya in Wadduwa recently as part of Citi Global Community Day 2026, the company’s flagship annual volunteer initiative. More than just a day of service, the initiative brought together Citi volunteers to help create a more conductive learning…
Reaffirming its commitment to driving innovation in the energy sector, Ceylon Energy successfully hosted Energize 2026, a premier knowledge-sharing forum that brought together global industry experts, engineers, investors, business leaders, and energy professionals to explore the latest developments shaping the future of energy. Held under the theme “Latest Industrial Developments in the Energy Sector,” the…
Ather Energy, Sri Lanka’s premium electric scooter brand, continues to strengthen its position in the country’s rapidly growing electric mobility sector through its authorized distributor, Evolution Auto. As one of Evolution Auto’s flagship brands, Ather has consistently been positioned in the minds of consumers as the “super scooter”, a reputation built on advanced technology, performance,…
Ceyconnect (Pvt) Ltd, a subsidiary of the Ceyline Group, has introduced Sri Lanka’s first long-haul Electric Vehicle (EV) prime mover, deploying it within the outbound supply chain of Lion Brewery (Ceylon) PLC. The vehicle is the latest step in an ongoing partnership between Lion and Ceyline Group. Ceyline Group previously built energy-efficient warehousing for Lion…
HNB PLC, in partnership with Visa, has awarded an HNB Visa Club Infinite Credit Cardholder a fully paid experience for two at the FIFA World Cup 2026™ Final in New York New Jersey, the culmination of an exclusive promotion open to Visa Club Infinite cardholders. The lucky winner was selected through a raffle draw held…
Reinforcing its longstanding commitment to community development and inclusive social progress, the David Pieris Group officially launched its Social Empowerment Drive – Batticaloa, a comprehensive five-day community outreach initiative, on 15th July 2026. Mr. David Pieris, Founder and President of the David Pieris Group of Companies, officially declared open the David Pieris Group Social Empowerment…
NovaNest Properties (Pvt) Ltd has officially launched Rainbow Apartments, a new residential development in Ratmalana. The announcement was made at an official launch event held at the Shangri-La Hotel, Colombo, marking the company’s latest addition to Sri Lanka’s growing apartment market. The development is designed to cater to homebuyers seeking modern urban living, as well…
HNB General Insurance Ltd. (HNBGI) has announced the strategic appointments of Mr. Lakshman Silva as Non-Executive/Nominee Director and Ms. Sandra De Zoysa as Independent/Non-Executive Director to its Board of Directors. These high-profile appointments mark a significant milestone for the insurer as it actively scales its digital platforms and redefines its customer service architecture to achieve…
Students of the Colombo Academy of Hospitality Management (CAHM) at SLIIT once again demonstrated their talent, creativity, and professional excellence by securing outstanding achievements at two prestigious national hospitality competitions held recently in Sri Lanka. The Colombo Academy of Hospitality Management (CAHM) is Sri Lanka’s leading private hospitality education institute, established in 2013 and located…
Top News
Hospitality group adopts UNO Direct Stack to attract more guests, convert more bookings, and strengthen direct revenue across its portfolio. RateGain Travel Technologies Limited (BSE: 543417, NSE: RATEGAIN), a global leader in AI-powered SaaS solutions for travel and hospitality, today announced a strategic partnership with Citrus Leisure PLC, one of Sri Lanka’s leading publicly listed…
For Sri Lanka, India has already become the largest source market, overtaking China after the pandemic and with Port City Colombo it expects the strong momentum to continue. Moneycontrol – The $15-billion Port City Colombo, a special economic zone (SEZ) in Sri Lanka, is placing India at the centre of its growth strategy. India which…
The Colombo Municipal Council (CMC) has reduced its Entertainment Tax, including cutting the tax on local concerts from 12% to 7%, in a move aimed at supporting Sri Lanka’s creative industry while making entertainment more accessible to the public. Colombo Mayor Vraie Cally Balthazaar announced that the proposal, which was approved through the CMC’s 2026…
Reuters – Oil prices turned lower on Thursday as traders took profits and evaluated the risks from a new wave of U.S. strikes on Iranian military installations, which fuelled fears of renewed full-scale conflict and supply disruptions in the Strait of Hormuz. The United States struck Iran’s coastal defences and missile sites on Wednesday after reimposing a…
The three-month study across six industries and 198 brands reveals how AI platforms reward editorial authority over ad spend, while exposing sharp inconsistencies even among market leaders. BrandRadar, the AI Search growth consultancy and intelligence platform under Roar Global, recently released The State of AI Visibility in Sri Lanka 2026, the country’s broadest index tracking…
The National Chamber of Exporters of Sri Lanka (NCE) has further strengthened its long-standing strategic partnership with Ernst & Young (EY), reaffirming a shared commitment to enhancing the competitiveness, resilience, and global readiness of Sri Lankan exporters. The partnership, which has successfully continued over several years, was recently renewed through the signing of a Memorandum…
SLASSCOM has announced the appointment of Sampath Jayasundara as Chairman for the 2026/27 term. A respected industry leader, entrepreneur and educator with over 25 years of experience across Sri Lanka’s knowledge and innovation industry, Sampath currently serves as the CEO of Peoples HR and hSenid Business Solutions PLC. Throughout his career, he has championed digital transformation, built…
Purchasing Managers’ Indices indicate expansions in both Manufacturing and Services activities in June 2026. Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 53.0 in June 2026. This indicates continued expansion in manufacturing activities, albeit at a slower pace than the previous month. Incoming orders in June were broadly…
Analysis
Rajitha Kariyawasan Managing Director, Haycarb PLC “The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man.” – George Bernard Shaw The world is in the midst of a profound shift. The accelerating transition toward electrification in transport,…
By Prof. Samitha Hettige The plot of US TV series ‘Prison Break’ was about a man wrongly sentenced to death & how his brother plans to get imprisoned in the same prison to break them both out. Critiques highlight clever plots & intense drama capturing the essence of a high stakes escape (Ref. Media). After…
Developing Asia remained the world’s largest destination for foreign direct investment (FDI) among developing regions in 2025. But the region’s significance increasingly lies not only in the volume of investment it attracts, but also where within the region that investment is going. That shift matters for development because FDI can help economies move into higher-value…
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