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Signs long-term Technology Services Master Agreement for the deployment of Bank-controlled payment infrastructure The Commercial Bank of Ceylon has announced that it has entered into a long-term Technology Services Master Agreement with Bancstac, to deploy a secure, compliant, scalable and fully bank-controlled payment processing infrastructure, reinforcing the Bank’s leadership in digital financial services. Commercial Bank…
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Signed between the Asia Pacific Institute of Information Technology (APIIT) and XpressJobs, this partnership marks a strategic step towards integrating career access directly into the student journey. APIIT is a leading higher education institution in Sri Lanka, recognized for its globally benchmarked academic programmes and commitment to producing industry-ready graduates. XpressJobs is one of Sri…
Roar Global reinforced its commitment to expanding access to practical digital growth knowledge through its recent partnership with two women-centred initiatives in Sri Lanka – namely, SLASSCOM Women in Tech 4.0 and Spa Ceylon Ayurveda Wellness’s Her Business Matters events. Through these partnerships, Roar Global contributed platform-specific knowledge designed to help women entrepreneurs, professionals, and…
Strengthening Global Apparel Industry Expertise Inextricable Group, a distinguished British boutique IT consultancy specialising in ERP and data solutions, has announced a landmark leadership appointment set to redefine digital transformation across the global apparel and manufacturing sectors. Jayantha Peiris, a highly respected industry leader with over three decades of transformative experience at MAS Holdings, the…
The Gratiaen Trust, in partnership with John Keells Foundation, and supported by the British Council, proudly announces the longlist for the 33rd annual Gratiaen Prize, Sri Lanka’s most prestigious literary accolade for creative writing in English. This announcement marks the first milestone in this year’s prize cycle, continuing a legacy of recognising and nurturing outstanding…
Introducing a new dimension to Sri Lanka’s hospitality landscape, Sirin Park Luxury Eco Lodge in Ginemellagaha, Baddegama, is offering scientifically proven animal therapy experiences to guests, providing multiple health and wellness benefits. Scientific research shows that animal therapy helps lower cortisol levels, boosts mood, and promotes relaxation, while the presence of animals has a calming…
ALT X (Altered Experience), Sri Lanka’s fastest-growing business solutions company specializing in end-to-end eCommerce through its eCom360 model, strategic marketing, and AI-driven technology solutions, has successfully delivered the full-scale build and launch of BE | LIVING an international premium cookware brand, demonstrating a new, integrated approach to building and scaling modern eCommerce businesses. In an…
Marking a significant milestone, IBH Real Estate celebrates six years in business this year, reflecting a journey defined by growth, trust and a commitment to excellence within Sri Lanka’s evolving real estate landscape. Founded in 2020 by Mr. Romesh Abeysekera, IBH Real Estate began with a clear vision – to provide a more structured, transparent…
DFCC Bank PLC conducted its first “Wyapara Hamuwa” programme for 2026 in Kuliyapitiya, bringing together suppliers connected to PROJAR Lanka (Pvt) Ltd, a Spain-based coconut chips exporting company operating in the region. The programme engaged 40 coconut chips suppliers, creating a focused platform to strengthen financial understanding and business practices among small and medium-scale participants…
Union Bank continues to transform digital banking for businesses with the introduction of a simplified virtual deposit card to support bulk deposits through Cash Deposit Machines (CDMs). The new facility is designed to support any business entity from corporates to SMEs and proprietors who regularly carry out high volume cash deposits during anytime of the…
Evolution Auto, Sri Lanka’s largest electric vehicle portfolio provider, has successfully deployed a purpose-built electric vehicle (EV) fleet for Radisson Hotels Sri Lanka, marking a significant step forward in integrating sustainable mobility into large-scale hospitality operations. This collaboration strengthens Radisson’s commitment to embedding sustainability into its daily operations, not as a symbolic endeavor, but as…
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Purchasing Managers’ Indices indicate expansions in both Manufacturing and Services activities in March 2026. Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) increased to 66.7 in March 2026, supported by heightened activity related to seasonal demand. However, many respondents reported a tight production environment, mainly attributed to raw material and fuel shortages, rising costs,…
The International Monetary Fund (IMF) has urged Sri Lanka to stay committed to its reform agenda as the country faces renewed risks from global energy market volatility. Speaking during the IMF Spring Meetings 2026 press briefing, Krishna Srinivasan, Director of the Asia and Pacific Department, IMF said that while Sri Lanka has made notable progress in…
The region can best cope by protecting vulnerable people, letting prices adjust, anchoring inflation expectations, and accelerating structural reforms By Andrea Pescatori, Krishna Srinivasan Asia entered 2026 on a strong footing. Despite the region bearing the brunt of US tariffs last April and persistent trade policy uncertainty, growth was resilient in 2025 and trade remained robust. Now,…
Reuters – Asian stocks were poised for a second week of strong gains and oil prices were pinned below $100 a barrel with investors hopeful for a near-term resolution to the Middle East war. Investors have been quick to take an optimistic view on any signs of denouement this month, even though the Strait of…
The island nation has made remarkable progress since its 2022 default, but residual creditor negotiations and elevated vulnerabilities keep the recovery story unfinished. Sri Lanka’s long road back from its historic 2022 sovereign default is approaching its final stretch. The Global Sovereign Debt Roundtable (GSDR), in its sixth Cochairs Progress Report released on April 15,…
The Colombo Stock Exchange (CSE) witnessed a strong upward movement today (16), with both major indices recording notable gains amid improved investor activity. The All Share Price Index (ASPI) rose by 327.49 points during the session to close at 22,588.97, marking a 1.47% increase compared to the previous trading day. Meanwhile, the S&P SL20 Index…
Veteran global investor Mark Mobius, widely regarded as a pioneer in emerging markets investing, has passed away at the age of 89. Mobius played a significant role in directing global investor attention towards frontier and emerging economies, including markets such as Sri Lanka, at a time when they were largely overlooked. He spent more than…
Ninewells Hospital has marked a major milestone with the groundbreaking of its newest building expansion, signaling a bold step forward in advancing healthcare in Sri Lanka. The ceremony, attended by key stakeholders, partners, and management, celebrated the start of a transformative phase for the hospital. This development reflects Ninewells’ evolution beyond its strong foundation in…
Analysis
Purchasing Managers’ Indices indicate expansions in both Manufacturing and Services activities in March 2026. Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) increased to 66.7 in March 2026, supported by heightened activity related to seasonal demand. However, many respondents reported a tight production environment, mainly attributed to raw material and fuel shortages, rising costs,…
The region can best cope by protecting vulnerable people, letting prices adjust, anchoring inflation expectations, and accelerating structural reforms By Andrea Pescatori, Krishna Srinivasan Asia entered 2026 on a strong footing. Despite the region bearing the brunt of US tariffs last April and persistent trade policy uncertainty, growth was resilient in 2025 and trade remained robust. Now,…
Markets have been broadly orderly so far—but financial stability risks are elevated Global financial markets entered 2026 from a position of strength. Asset prices rose across major markets, volatility was subdued, and financial conditions were easy by historical standards. That benign backdrop has now been tested by the war in the Middle East. So far,…
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