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Reuters – Stocks edged higher in Asia on Wednesday as a respite in the global bond selloff and a drop in oil prices steadied nerves ahead of a pivotal Federal Reserve decision later in the day. After a shaky start, MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.5%, snapping a four-day losing…
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Payable, Sri Lanka’s largest payments aggregator, has launched Payments.lk, a new payment gateway designed to make accepting digital payments simpler, cheaper and more accessible for Sri Lankan businesses of all sizes. For years, businesses in the country have had to work around the economics of legacy payment gateways that are known for setup fees, monthly…
Sri Lanka’s technology industry traded keyboards for cricket bats as the Technocity | Lenovo Premier League 2026 (TLPL 2026) brought together 18 leading companies from the country’s IT sector for a memorable day of competitive cricket and camaraderie. More than a corporate cricket tournament, TLPL 2026 was created as a platform to bring together people…
Bolero reinforces its leadership ambition in the Commercial Pickup segment With 5T and 1.7T payload configurations to suit diverse business needs Standard 3-Year/100.000 KM Manufacturer Warranty Advanced comfort and safety features including Factory Fitted AC with Heater, Turn Safe Lights, Reverse Parking Sensors to elevate the overall ownership experience Mahindra & Mahindra (M&M) & Ideal…
Siyapatha Finance PLC, one of Sri Lanka’s leading financial solutions providers, has been recognized among the Top 100 Most Valuable Brands in Sri Lanka in the Brand Finance Sri Lanka 100 Most Valuable Brands 2026 ranking. Further strengthening this achievement, Siyapatha Finance has also been ranked among the Top 10 Most Valuable Brands in the Financial Services category, within the…
HNB PLC has extended the partnership with John Keells CG Auto Pvt Ltd to introduce a comprehensive vehicle leasing programme for customers purchasing BYD and Denza vehicles in Sri Lanka. The agreement is enabling customers to enjoy a range of exclusive offers designed to make electric and hybrid mobility more accessible across Sri Lanka. The…
Seylan Bank PLC, the Bank with a Heart, marked another milestone in its flagship Environmental, Social, and Governance (ESG) initiative by opening its 295th ‘Pahasara’ Library at Giri/Gemunu Central College, Ingaradaula, Pannala. The ceremony was held on the 03rd of July 2026, under the patronage of Zonal Assistant Director of Education – North Western II,…
Homegrown finance company Siyapatha Finance PLC successfully unveiled its 67th branch in Wennappuwa, Puttalam District, further strengthening the Company’s presence in the North Western Province. Located in a town at the heart of the country’s coconut belt, the latest branch offers convenient and wider access to tailored, customer-centric financial solutions. The area is also served…
DFCC Bank emerged Second Runners-Up at the Mercantile ‘B’ Division Premier League Cricket Tournament, marking a commendable performance by the Bank’s cricket team in the highly competitive tournament. Adding to the team’s achievement, Pawan Pathiraja of DFCC Bank was named Best Batsman of the Tournament, recognising his outstanding performance and consistency with the bat throughout…
SDB bank recently marked its 29th Anniversary, celebrating nearly three decades of empowering people and contributing to inclusive economic and community development across Sri Lanka. Celebrated under the theme “29 Years of Empowering Thousands of Hands for One Sustainable Future,” the milestone recognised the individual customers, entrepreneurs, SMEs, cooperatives, employees and communities who have contributed…
AlchemX Global launched its latest publication, “Insights from the First Wave – Sri Lanka’s emerging SLFRS S1 & S2 Reporting Landscape”, at an event held on recently at Hilton Residencies, Colombo, bringing together representatives from across Sri Lanka’s corporate and reporting ecosystem. The event was attended by senior representatives and leadership from key institutional and…
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The Central Bank of Sri Lanka (CBSL) successfully hosted its inaugural Reserve Management Conference on 10 -11 September 2026 at The Kingsbury, Colombo. This distinguished gathering brought together leading central bankers, sovereign asset managers, policymakers, economists and investment professionals to exchange perspectives on the evolving global challenges and opportunities shaping official reserve management. Approximately 50…
In a strategic move to expand Sri Lanka’s export footprint, the Sri Lanka Export Development Board (EDB), in collaboration with the Sri Lanka High Commission in the Maldives and key private sector partners, organized a dedicated Sri Lanka Country Pavilion at the Food and Hospitality Asia Maldives (FHAM) 2026 held from 07th – 09th September…
For thirty years, Sri Lanka’s apparel industry has quietly powered the country’s export economy accounting for roughly 40% of merchandise export revenue and employing 300,000 to 350,000 people. That scale wasn’t accidental. It was built through deliberate government-industry planning dating back to the early 1990s. The first transformation, anchored by the 200 Garment Factories Programme,…
Sri Lanka’s tourism sector has officially surpassed the 1.6 million arrivals threshold for 2026, registering a total of 1,609,759 visitors between January 1 and September 14, 2026. The milestone was achieved during the first fortnight of September, which saw 74,637 tourist arrivals enter the country from September 1 to September 14. Visitor flow remained consistent…
Airline and tourism promotion body aim to continue on growth trajectory for in-bound tourism to the island, which achieved 15.1 percent growth in 2025 over the previous year. Emirates and the Sri Lanka Tourism Promotion Bureau (SLTPB) have renewed their partnership in order to amplify efforts aimed at benefiting the country’s tourism industry. The world’s…
Sri Lanka’s Gross Domestic Product (GDP) grew by 4.2% year-on-year in the second quarter of 2026, according to official data released by the Department of Census and Statistics (DCS). The total real GDP at constant (2015) prices increased to Rs. 3,029,816 million in the second quarter of 2026, up from Rs. 2,908,570 million recorded in…
As the Computer Society of Sri Lanka marks 50 years of leadership, the 44th National IT Conference (NITC) calls for a new focus on people, digital competency and human-centric adaptation as Sri Lanka moves towards a digitally driven economy and Society 5.0. Sri Lanka stands at a critical point in its digital journey. Artificial intelligence,…
A prolonged settlement over the MV X-Press Pearl dispute could prove costly for Sri Lanka’s shipping economy Four years after the MV X-Press Pearl caught fire and sank off Colombo, spilling plastic pellets and chemicals along Sri Lanka’s western coastline, the environmental case has largely been settled in the country’s favour. The economic one has…
Analysis
A prolonged settlement over the MV X-Press Pearl dispute could prove costly for Sri Lanka’s shipping economy Four years after the MV X-Press Pearl caught fire and sank off Colombo, spilling plastic pellets and chemicals along Sri Lanka’s western coastline, the environmental case has largely been settled in the country’s favour. The economic one has…
By Dr Nirmal De Silva – Associate Professor in Strategy, Policy Contributor & Corporate Advisor I have lost count of how many meetings end in much the same way. The formal business is concluded, the laptops are closed, and then comes the question that often says more than the agenda ever did: where should we…
Confidence in the economy strengthened in August with a larger share of corporate executives anticipating an improvement in the months ahead. However, the outlook remains cautious with half of those surveyed expecting economic conditions to remain unchanged amid rising costs and continued uncertainty surrounding the broader economic milieu. THE ECONOMY The latest LMD-PEPPERCUBE Business Confidence…
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