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DFCC Bank PLC has officially completed its acquisition of Standard Chartered Bank (SCB) Sri Lanka’s wealth and retail banking business, marking a significant consolidation in the local banking sector. The transition, which became effective on August 1, 2026, saw live operations for the acquired business commence this morning, August 3. This milestone follows a binding…
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Indiya at City of Dreams Sri Lanka welcomes Indian Accent Mumbai and Ekaa for an exclusive celebration of contemporary Indian cuisine This August, Indiya at City of Dreams Sri Lanka will bring together two of India’s most celebrated culinary destinations, Indian Accent Mumbai and Ekaa, for an exclusive two-night dining experience on August 7-8, 2026….
The Chartered Institute of Personnel Management (CIPM) Sri Lanka has reached another historic milestone by securing two prestigious national titles at the National Business Excellence Awards (NBEA) 2026, organized by the National Chamber of Commerce of Sri Lanka (NCCSL). At the awards ceremony, held on 29 July 2026 at the Shangri-La Hotel, Colombo, CIPM was…
A new name in Sri Lankan hospitality is making its first major statement on the world stage. Colombo International Airport Hotel, through its cultural exchange platform Little Japan, is preparing to welcome one of the largest privately organised Japanese visitor delegations in the country’s history, over 250 travellers arriving in late August for a multi-day…
Securing national recognition, SLT‑MOBITEL’s innovation arm, The Embryo’s SenseGrid solution was named National 1st Runner‑up in the category of Best Innovative Product in Manufacturing at the prestigious SLASSCOM National Ingenuity Awards 2026, held recently. SenseGrid is an enterprise‑grade Industrial IoT solution designed to transform manufacturing and industrial operations through intelligent monitoring, automation, and AI‑powered analytics…
BYD, the world’s leading New Energy Vehicle (NEV) manufacturer, together with its authorized distributor in Sri Lanka, John Keells CG Auto, announced the further expansion of its East Coast presence with the opening of their ninth showroom opening in Batticaloa. Located at 556 D Trinco Road, Batticaloa, the new BYD showroom operated in partnership with…
JADE, one of Sri Lanka’s most recognised Chinese restaurant brands under the LAUGFS Group, has recently expanded its footprint with the opening of its fourth restaurant at No. 326, Dehiwala Road, Boralesgamuwa, reinforcing the brand’s commitment to bringing its signature dining experience to more communities across the country. Since opening its first restaurant at Jubilee…
Reinforcing a 31-year commitment to safeguarding Sri Lankans, AIA Insurance Lanka expanded its annual Poson safety programme this year with a range of initiatives to support safer, healthier and more convenient pilgrimage experiences for hundreds of thousands of devotees visiting Anuradhapura and Mihintale. For over three decades, the AIA Poson Safety Programme has been a…
Diva Fresh, Sri Lanks’s most trusted local laundry care brand, has unveiled its newly improved washing powder, introducing enhanced Stain Fighter Technology and Perfume Booster, and Optical Brightener Technology that helps clothes retain a cleaner, more vibrant appearance. Complemented by a renewed focus, it is now the ideal solution for day-to-day stains, the relaunch is…
CEAT Kelani Holdings recently celebrated the strength, resilience and success of its country-wide partner network at its Partner Excellence Awards 2026, a dazzling two-day gala held at Cinnamon Life, bringing together the company’s top-performing dealers, distributors and teams in a powerful tribute to shared achievement. Centred on the bold theme ‘Autobahn 3.0’, the event reflected…
Scope Cinemas, in collaboration with Sony Pictures Releasing International, raised the bar for Hollywood movie premieres in Sri Lanka with the spectacular launch of the film, delivering what is believed to be the country’s biggest movie premiere to date through an unprecedented series of fan experiences that culminated in an exclusive red carpet event and…
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“Reimagining the Future: Sunshine’s Digital Evolution Journey” sets the foundation for an insight-led, digitally enabled organisation Sunshine Holdings PLC has launched its Group-wide data, digital and AI transformation journey under the theme “Reimagining the Future: Sunshine’s Digital Evolution Journey,” marking a major milestone in strengthening the Group’s future readiness through smarter decision-making, modern technology and…
A meeting between Ms. Kanni Wignaraja, Assistant Secretary-General of the United Nations Development Programme (UNDP), and Dr. Anil Jayantha Fernando, Minister of Labor and Deputy Minister of Finance and Planning, was held today (03) at the Ministry of Finance. During the meeting, Ms. Wignaraja commended the progress made by the current Government in stabilizing Sri…
Diversified conglomerate CIC Holdings PLC (CSE: CIC) recorded continued revenue growth during the first quarter ended 30 June 2026 (1QFY27), delivering improved profitability despite a challenging operating environment. The Group posted consolidated revenue of Rs. 22.03 billion, reflecting 2.74% year-on-year growth, driven by resilient performance across its diversified portfolio. Group gross profit rose to Rs….
hSenid Business Solutions PLC (hSenidBiz) announced its financial results for the first quarter of FY2027, delivering strong revenue growth and sustained profitability as the Company continued to execute its SaaS-led growth strategy. Total revenue for the quarter reached LKR 602.8 million, reflecting year-on-year growth of 28 percent. The Company’s recurring revenue model continued to strengthen…
The 47th anniversary of the Sri Lanka Export Development Board (EDB) fell on August 1st. In a commemorative ceremony held today, the Chairman and Chief Executive Officer of the EDB, Mr. Mangala Wijesinghe, addressed the media, outlining the progress and future targets of the national export sector. Established under Act No. 4 of 1979, the…
The Sri Lanka Economic & Investment Summit 2026 (SLEIS 2026), organised by The Ceylon Chamber of Commerce, will open with a high-level Investment-Focused Panel Discussion, bringing together leaders from the public and private sectors to examine Sri Lanka’s investment landscape and the opportunities emerging as the country advances its economic reform agenda. The session, which…
Sets new global example for fostering an inclusive and equitable workplace Reflecting its dedicated focus on championing an inclusive and equitable corporate culture, the Commercial Bank of Ceylon has become the first bank in the world to be accorded Champion Status by the United Nations Population Fund’s (UNFPA) Coalition for Reproductive Justice in Business (CRJB)….
The Central Bank of Sri Lanka (CBSL) released its latest Market Operations Report (MOR) on 31 July 2026. The MOR aims to enhance stakeholder understanding of the monetary and foreign exchange operations undertaken by the CBSL in the pursuit of implementation of monetary policy within the Flexible Inflation Targeting (FIT) framework, supported by the flexible…
Analysis
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…
S&P Global Ratings affirmed its ‘CCC+/C’ long- and short-term sovereign credit ratings for Sri Lanka with a stable outlook, balancing a resilient economic recovery against heightened external uncertaintie. While the economy has demonstrated robust revenue growth and real GDP performance that exceeded expectations in early 2026, the sovereign’s creditworthiness remains vulnerable due to high debt levels…
Sri Lanka has been recognized as one of the world’s fastest-improving sovereigns for investor relations and debt transparency, according to the 2026 IIF Investor Relations and Debt Transparency Report. The Institute of International Finance (IIF) ranked the country fourth among the largest global improvers, a significant milestone as the government works to rebuild international confidence…
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