Category: Business and Economy

The Intergovernmental Group of Twenty-Four (G-24) has warned that escalating global risks, including geopolitical tensions, rising inflation, and tighter financial conditions could undermine fragile economic recoveries in developing countries such as Sri Lanka. In a communiqué issued following its meeting on April 14, 2026, on the sidelines of the IMF-World Bank Spring Meetings in Washington,…

In a significant commitment of support to efforts to modernise Sri Lanka’s public passenger transport system, the Commercial Bank of Ceylon has partnered with NCG Express to introduce fully digital bus ticketing, enabling passengers to pay fares using cards, QR-based payments and contactless technology. The collaboration supports the Government’s Digital Ticketing Initiative and marks one…

Deloitte Sri Lanka hosted a leadership briefing for Corporate Business Leaders and Human Resource Professionals of Non-Bank Financial Institutions (NBFIs) to mark the official launch of the Non-Bank Financial Institutions Sector Compensation & Benefits Survey 2025 report. The first NBFI sector focused pay survey in Sri Lanka by Deloitte, highlights how companies are responding to…

LAUGFS Supermarkets, a leading retail chain in Sri Lanka, announced the opening of its 43rd outlet located in Pitipana, Homagama. This latest expansion reflects the company’s continued growth momentum and commitment to serving communities with quality products and exceptional service. The Pitipana outlet marks the third supermarket opening in the first quarter of 2026, following…

Pan Asia Bank is ushering in the festive season with an array of Avurudu promotions, offering over 250 special deals for its credit cardholders. Designed to enhance the spirit of celebration, these exclusive offers enable customers to enjoy discounts of up to 70% across a wide range of categories, making Avurudu a more rewarding and…

Cargills Food City has been named the People’s Supermarket Brand of the Year 2026 at the SLIM Kantar Awards, marking an exceptional fifth consecutive year of recognition. This achievement reinforces Cargills Food City’s position as one of the leading consumer brands in Sri Lanka and reflects its strong connection with customers across the island. Since…

Director General of the Development Finance Department of the Ministry of Finance, Planning and Economic Development Manjula Hettiarachchi noted that forty per cent of Rs. 95 billion allocated by the government in the 2026 budget to promote entrepreneurs in the country has been disbursed to beneficiaries. More than forty per cent of the loans have…

The 12th International Arts Research Symposium (SEUIARS – 2026), hosted by the Faculty of Arts and Culture of the South Eastern University of Sri Lanka (SEUSL), underscored the growing importance of digital transformation in shaping the country’s academic and cultural landscape. The symposium brought together local and international scholars under the theme ‘Transformation through Digitalization:…

In a key leadership appointment within the professional services sector, Suren Rajakarier has stepped into the role of Managing Partner of KPMG Sri Lanka and its Maldives practice, effective April 1. A respected figure in the accounting and audit profession, Rajakarier steps into the role following an illustrious career spanning over 38 years. He previously served as…

Seylan Bank has unveiled a range of seasonal offers for Seylan Credit and Debit Cardholders this Avurudu season, partnering with over 300 merchants across Sri Lanka to deliver discounts, flexible payment plans and lifestyle experiences during one of the country’s most celebrated festive periods. Positioned as the ‘Essential Card for heartfelt essentials,’ Seylan Cards aims…