Category: Business and Economy

The government’s success in stabilizing the economy has been overshadowed by the challenge of reforms essential for attracting quality investments. Such investments are vital for inclusive growth and competitive productivity in Sri Lanka’s economy, European Union Ambassador to Sri Lanka and Maldives Carmen Mareno opined at a recently concluded forum held in Colombo. “The  government…

Today, sustainability is no longer simply an option, but necessity. Around the world, industries are rapidly transforming to meet  new environmental and sustainability expectations, Thilaka Jayasundara, Secretary, Ministry of Industry and Entrepreneurship Development told  the National Cleaner Production Awards 2026 and the 4th International Conference on Resource Efficiency & Circular Economy launch held in Colombo…

Strengthening Sri Lanka’s research and innovation sector is essential for achieving long-term economic prosperity, according to Prof Ashoka Jayawira Bandara, an inventor and academic who holds eleven world patents for new discoveries. Currently, based in the United Kingdom, Prof. Bandara is engaged in research across several institutions including Kingston University. Speaking at a special discussion…

MAC Holdings (Pvt) Ltd. contributed Rs. 5 million to the Government’s ‘Rebuilding Sri Lanka’ Fund, established to support communities affected by Cyclone Ditwah. The cheque was officially handed over at the Presidential Secretariat by the Managing Director of MAC Holdings (Pvt) Ltd. Andre Fernando, to the Secretary to the President, Dr. Nandika Sanath Kumanayake. The…

*Gross income reaches Rs. 430 billion *Results from operating activities increase by 49% to Rs. 72 billion * Total assets exceed Rs. 2.3 trillion * Total equity increases to Rs. 654 billion LOLC Holdings PLC delivered a strong operating performance for the year ended 31 March 2026, underpinned by robust income growth, a significant expansion…

The Canadian Chamber of Commerce in Sri Lanka (CanCham Sri Lanka) recently hosted a strategic press interaction with members of the business media at CanCham House in Colombo recently. The discussion focused on strengthening economic partnerships, enhancing bilateral dialogue and positioning Sri Lanka within the expanding Canada–Indo-Pacific economic framework. The session highlighted the evolving role…

The Commercial Bank of Ceylon, reaffirming its leadership in introducing the latest global financial technologies to Sri Lanka, has announced the availability of PayPal-linked withdrawal functionality for eligible customers to seamlessly channel their global digital earnings directly into their Commercial Bank accounts through ComBank Digital. The integration of PayPal with ComBank Digital enables Sri Lankan…

Wire Communication Consultancy Holdings, a leading regional reputation communications group celebrating its 15th anniversary of market operations, today officially announced structural advancements to its senior leadership team. The corporate realignments aim to accelerate the deployment of its comprehensive operational framework, the “Wire 15 Roadmap.” The strategic blueprint targets absolute service integration across public relations, advertising, digital growth,…

Being the largest bag store in Sri Lanka for premium travel luggage and suitcases, Bag.LK effectively responds to the growing demand for authentic and durable luggage options in the local market. As Sri Lankans have started to travel more and more again in the last few years, the luggage market faces major transformations. In order…

LankaPay, launched the eMudhra e-Sign Remote Signature with LankaSign, in collaboration with eMudhra Limited in Sri Lanka on May 22, 2026 in Colombo, with Commercial Bank of Ceylon PLC becoming the first bank in Sri Lanka to be onboarded to this facility, further strengthening its leadership in introducing innovative digital solutions to customers. eMudhra Limited…