Category: Business and Economy

McLarens Lubricants Limited, the authorised distributor for Mobil Lubricants in Sri Lanka, was honoured with the Brand Execution Award 2026, recognising excellence in brand execution across the region, at the ExxonMobil SAO (South East Asia, Alliance and Oceania, at Distributor Conference held in Shanghai. ExxonMobil, one of the world’s largest publicly traded energy and petrochemical…

Yi Jing at ITC Ratnadipa introduces Dim Sum & Co., a first-of-its-kind curated series of dim sum in Colombo, running from June 26 to July 5. The limited-time dining series features a newly curated selection of handcrafted dim sum, served for lunch and dinner, paired with signature cocktails designed to complement each dish. The beverage…

The Inland Revenue Department (IRD) has introduced several amendments to the country’s tax administration framework aimed at identifying individuals liable to pay taxes and broadening Sri Lanka’s tax base, Commissioner General of Inland Revenue Rukdevi Fernando said. Addressing the inaugural session of a special media workshop on the amendments introduced under the Inland Revenue (Amendment)…

As Sri Lanka pursues an ambitious target of US$ 36 billion in export earnings by 2030, exporters are urging authorities to address a series of long-standing regulatory, operational and policy issues that affect competitiveness across several sectors identified as priorities for the country’s export growth agenda. The National Chamber of Exporters of Sri Lanka (NCE)…

The Sri Lanka Association for the Advancement of Quality and Productivity (SLAAQP) hosted the National Convention on Quality and Productivity (NCQP) 2026 on June 17, at the Mount Lavinia Hotel, Colombo. The event brought together over 2,000 delegates from more than 100 organisations, making it the largest edition of the convention to date. Held under…

BCAS Campus launched its academic partnership with London South Bank University (LSBU), United Kingdom, at a special launch and media event held on June 15, 2026 in Colombo. The partnership marks a significant milestone in BCAS Campus’ continued efforts to expand access to internationally recognised British higher education opportunities for students ín Sri Lanka. Through…

Seylan Bank PLC has entered a strategic partnership with Sathosa Motors PLC (SML), a longstanding name in ISUZU vehicle imports in Sri Lanka, to introduce a dedicated leasing facility for customers purchasing commercial and passenger vehicles. Formalised through a Memorandum of Understanding (MoU), the collaboration aims to provide customers with improved access to financing solutions,…

The government aims for a multi-cloud hybrid system, integrating public and resident cloud infrastructures to drive the digital economy, Dr. Hans Wijayasuriya, Chief Advisor to the President on Digital Economy told the Grounded Sovereign Cloud Symposium 2026 held in Colombo on June 17. Sri Lanka aspires a 5x growth in its digital economy from around…

Seylan Bank, in collaboration with the Department of Development Finance, has introduced ‘Seylan Athwela’, a concessionary financing initiative designed to strengthen Sri Lanka’s agriculture sector by improving access to affordable funding for farmers, agribusinesses, and agriculture-related enterprises. As a bank committed to enabling growth across key sectors of the economy, Seylan Bank aims to support…

Keells Nexus has begun to play a more meaningful role, with a 25-year legacy in Sri Lanka’s loyalty landscape and over two million registered members, Nexus has grown beyond a traditional rewards programme into a platform that connects shopping, savings and engagement in a more immediate way. Its recent evolution into the Nexus app reflects…