Category: Business and Economy

In accordance with the Financial Intelligence Unit (FIU), the country’s preliminary measures to prevent money laundering and terrorist financing, which are expected to be adopted at the annual general meeting of the Asia-Pacific Anti-Money Laundering Group (APG) to be held in July next year, have been implemented according to the scheduled dates and planed. Commenting…

The Central Bank of Sri Lanka (CBSL) Governor Dr. Nandalal Weerasinghe stated that there is no need to restrict vehicle imports at this juncture as the country’s gross official foreign exchange reserves has increased to US$ 7.3 billion by end last month. He made these remarks in response to a question raised by the media,…

KOKO, Sri Lanka’s premier BNPL platform and fintech innovator, won the Overall Gold Award for Excellence in Digital Payments together with three category Gold Awards at the Grand Finale of the LankaPay Technnovation Awards 2026, marking a standout result in the company’s first year of participation. The event was attended by key leaders from Sri…

SLIC donated Rs. 10 million to the ‘Rebuild Sri Lanka’ Fund in support of families affected by the recent ‘Ditwah’ cyclone. The contribution was formally handed over to the Secretary to the Treasury, Dr. Harshana Suriyapperuma, at the Ministry of Finance, Planning and Economic Development on March 16. This donation will contribute towards national relief…

The Central Bank of Sri Lanka (CBSL) has decided to maintain the Overnight Policy Rate (OPR) at 7.75%, citing the need to balance stable inflation with emerging global risks, particularly those stemming from escalating geopolitical tensions in the Middle East. Governor of the CBSL Dr. Nandalal Weerasinghe said that the Monetary Policy Board of the…

NPCI International Payments Limited (NIPL), the global arm of the National Payments Corporation of India (NPCI), has stepped up efforts to expand Unified Payments Interface (UPI) merchant acceptance in Sri Lanka, aiming to deliver seamless digital payment experiences for Indian tourists while supporting the island’s growing digital economy. UPI, India’s real-time payment system, processes over…

Melsta Hospitals – a reputed healthcare provider serving the Colombo and Gampaha districts and a fully owned subsidiary of Melstacorp PLC – has entered into a transformative partnership with the National Insurance Trust Fund (NITF) to provide enhanced medical benefits to beneficiaries of the Agrahara insurance scheme. This collaboration is a significant stride toward bridging…

As the punyakalaya approaches and the sound of the koha fills the air, Cargills Bank is back with its promise of unprecedented savings, adding even more joy and financial flexibility to the Sinhala and Tamil New Year celebrations. True to its ethos, the bank is making this Avurudu a truly memorable one for all its…

Be Dapper, the contemporary men’s fashion destination known for its distinctive streetwear identity and curated international brands, has reopened its refurbished store in Dehiwala. The transformation establishes the outlet as one of the largest men’s fashion store and collection in the Dehiwala area, marking an important milestone in the brand’s evolution. The newly redesigned store…

DIMO and MTU continue to strengthen their long-standing partnership of over three decades in Sri Lanka and the Maldives, delivering advanced propulsion and power solutions across marine, railway, power generation, and critical infrastructure sectors. The collaboration, which has over 400 MTU systems in operation throughout the region, is essential to support transportation, industrial applications, and…