Category: Business and Economy

McLarens Lubricants shines at ExxonMobil SAO Awards in Shanghai

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…

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IRD moves to widen tax net as revenue collection reaches half-year target

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)…

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Seylan Bank signs MoU with Sathosa Motors to offer leasing facility for ISUZU vehicles

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,…

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Seylan Bank introduces ‘Seylan Athwela’ to strengthen agriculture sector

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…

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Keells Nexus brings everyday rewards to customers

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…

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