HNB Investment Bank renews collaboration with CFA Society Sri Lanka as Silver Partner
HNB Investment Bank has renewed its partnership with CFA Society Sri Lanka as a Silver Partner for the 10th consecutive year, reaffirming its longstanding commitment to advancing Sri Lanka’s investment and financial services industry. The renewed sponsorship reflects HNB Investment Bank’s continued support for CFA Society Sri Lanka’s efforts to promote ethics, professionalism, knowledge-sharing and…
Siyapatha Finance expands footprint with Boralesgamuwa Branch opening
Siyapatha Finance PLC opened its latest fully fledged branch in Boralesgamuwa, expanding the Company’s islandwide network to 63 branches. The opening ceremony was graced by Siyapatha Finance PLC Directors Jayanath Gunawardena, Shiran Perera and Sriyani Ranatunga; Chief Executive Officer Mathisha Hewavitharana, Chief Operating Officer Rajeev De Silva and R.A. Akilesh Ayodya Perera, a student of…
People’s Bank conducts financial literacy programme for entrepreneurs in Weboda
People’s Bank recently organised a special programme for entrepreneurs in Weboda Village, situated within the Mahara Divisional Secretariat area, under its Entrepreneurial Villages initiative. The programme aimed to enhance financial literacy and strengthen business sustainability among Micro, Small and Medium Enterprises (MSMEs). Organized by the People’s Bank – Union Place Branch, the programme was held…
Rupee devaluation mixed impact to Lanka’s event management -EMA Chief
Rupee devaluation will have both a positive and challenging impact on Sri Lanka’s event management industry increasing affordability for foreign clients, boosting demand, and local revenue. However, it raises costs for imports. Adaptation and strategic responses are essential for competitiveness, Saliya Weerasekara, President Event Management Association (EMA) told Daily News Business participating in an exclusive…
Yasas Hewage assumes duties as Chairman of IDB
Yasas Hewage assumed duties as Chairman of the Industrial Development Board (IDB) on June 1 2026, taking leadership of one of Sri Lanka’s longest-standing enterprise development institutions with a proud legacy spanning 60 years. . Hewage brings nearly two decades of experience spanning banking and finance, business strategy, sales and marketing, entrepreneurship development, and sports…
Sri Lanka moves to strengthen regulatory framework
Sri Lanka is taking significant steps to establish a comprehensive regulatory framework for Virtual Asset Service Providers (VASPs), as authorities work to align the country’s digital asset sector with international standards and best practices. The fourth meeting of the VASP Sub-Committee was held at the Central Bank of Sri Lanka on May 25, 2026, under…
EDB moves to expand islandwide testing and certification facilities
The Sri Lanka Export Development Board (EDB) has taken steps to implement a comprehensive plan to expand testing and certification facilities across the island, addressing one of the most significant bottlenecks faced by the country’s export sector. A high-level stakeholder discussion was recently held in Colombo with the participation of government institutions, testing laboratories, certification…
VELLA signs USD 5.1 M agreement with BOI to transform 98 Acres Resort and Spa
Uva Greenlands Estate (Pvt) Ltd has signed a landmark agreement with the Board of Investment of Sri Lanka (BOI) on 29th May, marking a defining milestone in the evolution of 98 Acres Resort & Spa, Sri Lanka’s celebrated luxury retreat nestled in the breathtaking highlands of Ella. The transformative USD 5.1 million investment will unlock…
VietJet Air Colombo office opened by ambassador of Vietnam to Sri Lanka
VietJet Air officially marked the opening of its Colombo office at a special ceremony inaugurated by Trinh Thi Tam, Ambassador of Vietnam to Sri Lanka. The airline’s operations in Sri Lanka will be represented by its General Sales Agent (GSA) Andrew The Aviation Company (Pvt) Ltd under the leadership of its Chairman, Mahen Kariyawasan. The…
Lanka must establish itself as attractive investment destination
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…