Category: Business and Economy

The World Bank Group mobilized more private capital in fiscal year 2026 than in any year in its history and issued a record volume of guarantees, delivering on a goal shareholders and clients have pressed for years: putting more private capital to work alongside its own financing and expertise in developing economies. Private capital mobilized…

HR-led transformation places people, culture and business performance at the heart of the organisation Ideal Motors (Pvt) Ltd,has achieved a significant milestone by securing multiple prestigious workplace and organisational culture accolades in 2026, reinforcing its position as an employer of choice in Sri Lanka’s automotive sector. Among its latest achievements, Ideal Motors has been recognised…

As vehicles become Software-Defined, Evolution Auto’s portfolio brings AI computing capabilities ranging from 48 TOPS in the XPENG L03 to 100 TOPS in the AVATR 07.   Evolution Auto is highlighting the growing importance of vehicle computing power as the automotive industry moves towards Software-Defined Vehicles (SDVs), with its current portfolio offering AI computing capabilities ranging…

Fairway Leisure Sector is gearing up for a major expansion, targeting a portfolio of at least 500 room keys by the end of the current financial year. Under its travel and hospitality arm, Fairway Travel, the group is aggressively building out a nationwide network designed to support seamless round-tours and capture growing tourism flows. Chief…

Sri Lanka and Indonesia have agreed to strengthen bilateral cooperation in the labour sector, with particular emphasis on labour protection, social security, migrant worker rights and addressing challenges linked to irregular migration. Minister of Labour and Deputy Minister of Finance and Planning Dr. Anil Jayantha Fernando held bilateral discussions with Indonesian Minister of Manpower Prof.…

Industry leaders and tourism authorities are setting their sights on leveraging Digital Summit Asia 2026 to drive international travel and elevate Sri Lanka’s profile as a premier regional destination. Beyond serving as a hub for tech and marketing innovation, the upcoming summit is being hailed as a strategic catalyst for long-term destination marketing and economic…

World Bank and Institute of Internal Auditors collaborateThe government has taken steps to implement a special programme, in collaboration with the World Bank and the Institute of Internal Auditors, to enhance financial discipline and the internal audit process within Sri Lanka’s public institutions. Accordingly, a discussion regarding the strengthening of public financial discipline and internal…

The Sri Lanka Export Development Board (EDB), in collaboration with the Consulate General of Sri Lanka in Melbourne, successfully organised Sri Lanka’s first-ever national pavilion at Fine Food Australia 2026, held from 31 August to 3 September, 2026, at the Melbourne Convention and Exhibition Centre (MCEC). The landmark participation marked an important step in strengthening…

People’s Bank recently conducted the ‘YES Cash Carnival Draw’, providing 25 lucky customers with the opportunity to win cash prizes.  The draw ceremony was held recently at People’s Tower, Colombo 02. The promotion was open to customers who maintained a balance of Rs. 50,000/- or above their YES Savings Account between the period of August…

Sri Lanka Tourism has concluded its Australia and New Zealand Roadshow Series in Perth, bringing together more than 85 Australian travel agents and tour operators for a day focused on business-to-business engagement, industry networking and the promotion of Sri Lanka as a preferred holiday destination. The Perth programme, the final stop of the roadshow series,…