Lead Story
Sampath Bank PLC continues to transform Sri Lanka’s banking landscape through the introduction of a fully integrated, AI-driven lending ecosystem, reinforcing its leadership in intelligent, data-led financial solutions. This marks one of the first comprehensive AI-driven lending frameworks in Sri Lanka, enabling seamless, paper-light loan approvals within seconds while setting a new benchmark for speed,…
Featured
Slack has announced new capabilities that make it easier for organisations to build, deploy and manage AI agents directly within Slack, helping businesses bring AI into the everyday flow of work. As companies in Sri Lanka and across the world continue to explore AI adoption, one of the key challenges is ensuring that AI tools…
Autobahn Traders (Pvt) Ltd, a respected name in the import and distribution of brand-new BMW vehicle spare parts, has embraced a digital-first transformation strategy to enhance operational efficiency and deliver optimized customer care and service to fleet owners and individual customers in this discerning segment. Now in its 8th year as a trusted partner in…
ITC Ratnadipa marked two years of refined hospitality and enduring presence on 25 April, bringing together its custodians and guests in a shared moment of appreciation at the Sagara Lobby. The occasion was not merely a passage of time, but a tribute to the people who bring the hotel to life each day, those whose…
What does the next decade hold for Sri Lanka’s real estate market? That’s exactly the question a room full of industry leaders will be sitting down to answer next month. The Research Intelligence Unit (RIUNIT) who initiated this effort is hosting Driving Growth Through Real Estate: 10 Year Plan a high-level forum bringing together some…
Ceylon Tobacco Company PLC (CTC) today announced the appointment of Sarmad Abbasi as its Managing Director and Chief Executive Officer, effective from 1st May 2026. Mr. Sarmad Abbasi takes on the role from Ms. Fariyha Subhani who served as Managing Director and Chief Executive Officer of the Company since April 2024, continuing the company’s legacy…
Janashakthi Life, a subsidiary of JXG (Janashakthi Group), recently concluded its Annual Sales Awards 2026 at Cinnamon Life, City of Dreams, recognising the outstanding achievements and dedication of its top-performing team members across the island. The event brought together the organisation’s high performers for an evening dedicated to celebrating excellence, commitment, and the collective efforts…
SLT-MOBITEL and STEMUP Educational Foundation partner for sixth consecutive year Recognised as one of Sri Lanka’s most consistent, community-rooted digital education initiatives, SLT-MOBITEL has once again signed with the STEMUP Educational Foundation to conduct the Code Club programme. Entering its sixth year, the partnership continues to transform digital literacy access for students islandwide. The agreement…
In a landmark move to strengthen cultural ties between Sri Lanka and Germany, F Entertainment, a subsidiary of Fairway Holdings, has entered into a strategic partnership with the Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) to host one of Sri Lanka’s true German Oktoberfest celebrations. The Memorandum of Understanding (MoU)…
Prime Constructions (Pvt) Ltd (PCL), the construction arm of the real estate leader Prime Group, has achieved ISO 9001:2015 certification, a milestone showcasing the company’s steadfast commitment to quality, trust, and internationally recognised standards. ISO 9001:2015 confirms Prime Constructions operate with consistent processes throughout every phase of development, from planning to final delivery, reducing defects,…
DoubleTree by Hilton Weerawila Rajawarna Resort is proud to announce its recognition at the prestigious 2026 Haute Grandeur Global Excellence Awards, securing multiple accolades that reaffirm its position as one of Sri Lanka’s leading resort destinations. At this year’s awards, the resort was honored with the titles of Best Wedding Resort in Asia, Best Destination…
Top News
In a move to significantly bolster its domestic production capabilities, Singer (Sri Lanka) PLC has officially entered into a Sale Purchase Agreement to acquire the factory premises of ACME Printing and Packaging PLC. The agreement, executed on April 28, 2026, involves the purchase of the premises located at Assessment No. 345, Gonamadiththa Road, Piliyandala. The…
Trading of shares of Janashakthi Limited commenced on the secondary market of the Colombo Stock Exchange (CSE) this morning (29), following its successful Initial Public Offering (IPO). To mark the occasion, a ceremonial market opening bell ringing event was held at the CSE. The event was attended by the founder of the Janashakthi Group, Chandra…
The US dollar spot rate was recorded at Rs. 318.69 today (April 29, 2026), surpassing the Rs. 318 mark against the Sri Lankan rupee. Accordingly, the buying rate was recorded at Rs. 315.54, while the selling rate stood at Rs. 323.26.
The Food and Agriculture Organization of the United Nations (FAO) has launched a fertilizer support programme to assist smallholder paddy farmers in the Anuradhapura District whose fields were damaged by Cyclone Ditwah, helping them recover production in time for the upcoming Yala cultivation season in Sri Lanka. Through a voucher scheme valued at USD 300,000,…
Reuters – Elon Musk took the stand on Tuesday at a high-stakes trial over the future of OpenAI, casting his lawsuit against the ChatGPT maker as a defense of charitable giving. The world’s richest person is suing OpenAI, its co-founder and Chief Executive Sam Altman and its President Greg Brockman, saying they betrayed him and…
Attention was drawn to the initiation of cable car projects at several tourist destinations, including Sri Pada (Adam’s Peak), during a meeting of the Tourism Task Force held Yesterday (28) at the Presidential Secretariat, under the patronage of the Minister of Foreign Affairs, Foreign Employment and Tourism, Vijitha Herath. It was noted that requests have…
Brent crude rises after White House reiterates ‘red lines’ in negotiations with Tehran The Financial Times – Oil hit $110 for the first time in three weeks on Tuesday as the US and Iran appeared to make little progress towards a peace deal that would unlock energy supplies through the Strait of Hormuz. Brent crude, the…
Reuters – The United Arab Emirates said on Tuesday it quit OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and unsettled the global economy. Here are some analyst reactions to the news. JORGE…
Analysis
The business barometer dips again following a brief surge as corporate optimism fades Unpredictable global politics, T20 World Cup fever, progress on the 2025 Corruption Perceptions Index (CPI), emerging health concerns and the not unusual political drama have dominated conversations in recent weeks. Sri Lanka recorded notable progress on the CPI by Transparency International (TI),…
By Dr Erandathie Pathiraja Sri Lanka’s energy insecurity is structural, rooted in climate‑volatile hydropower, fossil fuel dependence, and an ageing grid. Solar adoption has grown quickly, but grid saturation and high storage costs limit further gains. Low‑cost policy fixes such as storage support, shared microgrids, daytime use incentives, and smart meters can strengthen resilience in…
Guest Column by Dr. Beshan Kulapala, Co-Founder, Director & CEO of Volt Charge Sri Lanka Real-world charging data shows that EVs contribute far less to peak electricity demand than commonly assumed Even under higher simultaneous charging scenarios, EV-related demand remains within manageable levels With the right systems in place, EVs can support grid stability by…
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