Lead Story
By virtue of the powers vested under Section 19 (1) read together with section 19 (2) of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), financial penalties are imposed on Institutions for non-compliance with the provisions of the FTRA. In terms of the FTRA, the penalty may be prescribed by taking into consideration…
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Dambulla Sixers led national awareness initiative as Jaffna Kings joined campaign to promote early detection The Dambulla Sixers, under the leadership of owner Mr. Priyanga De Silva, brought breast cancer awareness to the forefront through the LPL Pink Match, using the Lanka Premier League’s national platform to encourage early detection and help save lives. Held…
AIA Insurance Lanka has joined hands with SLASSCOM (Sri Lanka Association for Software and Services Companies) as the exclusive Insurance Partner, marking a strategic collaboration that will uplift the holistic wellbeing within Sri Lanka’s knowledge and technology community. The partnership reinforces AIA Sri Lanka’s commitment to enabling Healthier, Longer, Better Lives while strengthening its presence…
Janashakthi Life, the flagship brand of JXG (Janashakthi Group), carried out a community-focused initiative in Anuradhapura during the Poson season to support healthcare services, public safety and pilgrim welfare. As part of the programme, the company donated essential medicines to Teaching Hospital Anuradhapura and installed a new hospital name board to improve accessibility for visitors…
First Capital Asset Management Limited (FCAM), the wealth management arm of First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group), recently concluded its Professional Fund Management short course conducted for students of the Department of Finance, Faculty of Commerce and Management Studies at the University of Kelaniya. The programme was designed to provide participants…
The new sophisticated framework employs TookPS to exfiltrate seed phrases and uses a new OkoSpyware module to monitor Chromium-based browsers and deploy various malware strains, including the Rilide stealer. It has already targeted hundreds of victims across over 25 countries, with the highest number of affected end users recorded in Brazil, Vietnam, Canada, Mexico and…
Privé Collection resort welcomes 24 finalists and crew on the East Coast leg of their pre-final tour, in partnership with Sri Lanka Tourism Sun Siyam Pasikudah, part of the Privé Collection under Maldivian-owned Sun Siyam Resorts, the Privé Collection property of The House of Siyam, recently played host to the finalists and crew of Poland’s…
Kyle Abeysinghe is chasing a time he set at eighteen, a standard no Sri Lankan has reached Halfway through the 100m freestyle at the Singapore National Championships this year, Kyle Abeysinghe was ahead of his own ghost. His first fifty metres were almost half a second quicker than the split he swam at eighteen, the…
CIPM Sri Lanka, the Nation’s Leader in Human Resource Management, has appointed veteran HR professional, corporate leader and academic Dr. Neil Bogahalande as its President for the new term. The appointment was confirmed at the Institute’s Annual General Meeting (AGM) held on 18th July 2026 at the Galadari Hotel, Colombo. Dr. Bogahalande was invited by…
Seylan Bank PLC successfully concluded its participation as the Official Banking and Leasing Partner of the Colombo EV Motor Show 2026, marking the Bank’s first-ever partnership with Sri Lanka’s largest international electric vehicle and motor accessories exhibition. Held from 26 to 28 June at the Sirimavo Bandaranaike Memorial Exhibition Centre (BMICH), the three-day event attracted…
JXG (Janashakthi Group), one of Sri Lanka’s leading financial conglomerates, has become the first financial conglomerate in the country to be featured as an official TikTok for Business Case Study. The recognition highlights the Group’s “Who is JXG?” corporate brand and IPO campaign, an integrated marketing campaign that combined multiple communication channels, with digital platforms…
Top News
The Colombo Stock Exchange (CSE) witnessed a sharp decline in its benchmark indices today (20), with the All Share Price Index (ASPI) falling by 197.31 points and the S&P SL20 Index declining by 56.46 points. At the close of trading, the ASPI stood at 21,208.10, while the S&P SL20 Index settled at 5,943.22. Despite the…
Sri Lanka’s textile and apparel industry has always leaned on two things to justify its place in the global supply chain: quality and compliance. Sri Lanka’s textile and apparel industry has long relied on quality and compliance to justify its place in the global supply chain. But that old formula is starting to wear thin….
The Ceylon Chamber of Commerce recently convened “Energy Transition in Sri Lanka: Strategic Insights from Global Markets,” bringing together stakeholders from government, industry, academia, and the energy sector to discuss the policies, investments, and reforms needed to accelerate Sri Lanka’s transition towards a more secure, affordable, and sustainable energy system. The discussion focused on the…
The International Finance Corporation (IFC), a member of the World Bank Group, and HSBC are investing up to $40 million through financing in South Asia Gateway Terminals (Pvt) Ltd. (SAGT) to modernize and decarbonize operations at the Port of Colombo, the cornerstone of Sri Lanka’s maritime trade. The investment will advance the port’s competitiveness, resilience…
The Sri Lanka Export Development Board (EDB) welcomed His Excellency Mr. Jan Thesleff, Ambassador of Sweden to Sri Lanka, for an official meeting at the EDB on 14 July 2026. The meeting was chaired by Mr. Mangala Wijesinghe, Chairman and Chief Executive Officer of the EDB, and attended by senior EDB officials. Mr. Sanjay Kulatunga,…
Mr Sanath Manatunge, the Managing Director/Chief Executive Officer of Commercial Bank of Ceylon has been appointed Chairman of the Employers’ Federation of Ceylon (EFC), one of the country’s most influential apex business bodies representing the interests of employers across a wide spectrum of industries. The Bank said Mr Manatunge’s appointment is a significant recognition of…
In a major push to redefine economic ties between Sri Lanka and India, the Lanka India Business Association (LIBA) has announced the highly anticipated corporate forum, ‘India Calling’. Scheduled for August 6th at the Taj Samudra, Colombo, from 9:00 AM to 6:00 PM, the full-day event is designed to bridge commercial gaps, unpack regulatory friction,…
Organizations should act now to stay ahead of new regulations As sustainability requirements reshape global trade, businesses should begin preparing for key developments such as EmpCo, PPWR, EUDR, and ESG reporting expectations. SRI LANKAN EXPORTERS targeting the European Union are being urged to prepare immediately for sweeping new sustainability regulations that will fundamentally change how…
Analysis
Sri Lanka’s textile and apparel industry has always leaned on two things to justify its place in the global supply chain: quality and compliance. Sri Lanka’s textile and apparel industry has long relied on quality and compliance to justify its place in the global supply chain. But that old formula is starting to wear thin….
By Prof. Samitha Hettige Chinese Leader President Xi Jinping delivered the keynote speech opening the 2026 World Artificial Intelligence (AI) Conference & High-Level Meeting on Global AI Governance in Shanghai held from 17 – 20 July & the speech clearly indicates China’s willingness to promote inclusivity & reject of hyper imperialism. Addressing the event attended…
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,…
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