Category: Business and Economy

nducted for the industries on Wednesday, 2 June 2026, bringing together key stakeholders in Sri Lanka’s Technical and Vocational Education and Training (TVET) sector. The event was held at Shangri-La, Colombo. The programme was organized under the KOICA-funded TVET Career Platform Project (2023–2026), which is implemented by UBION, a leading Korean EdTech company serving as…

Reinforcing its commitment to support the nation’s next phase of economic transformation, Commercial Bank of Ceylon PLC’s new branch in Port City Colombo will bring world-class banking services to Sri Lanka’s emerging international financial hub. Located at Building 04 in Area 02 of the Port City Business Centre – Commercial Hub, Commercial Bank’s Port City…

SDB Bank, one of Sri Lanka’s leading regulated banks, has collaborated with IBM (NYSE: IBM) and South Asian Technologies (SAT), an IBM business partner, to modernise its digital banking infrastructure and accelerate its transformation journey. Leveraging IBM’s enterprise infrastructure and automation solutions, SDB bank continues to demonstrate its ability to deliver secure and seamless banking…

Marking a significant milestone in its journey as it celebrates 25 years of trust and transformation, HNB Life has introduced Privileged Protect, a novel universal life insurance solution designed to meet the evolving financial and protection needs of modern Sri Lankans. Developed as an evolved protection offering, Privileged Protect combines short-term premium commitments with long-term…

Deputy Minister of Finance Dr. Anil Jayantha Fernando said that the Treasury has received the 6th and 7th tranches of the International Monetary Fund’s Extended Fund Facility. According to him the Treasury has received US$ 695 million as the 6th and 7th tranches after successfully completing the 5th and 6th reviews of the Extended Fund…

Padel House, the pioneers of padel in Sri Lanka, and the enterprise that has successfully established a strong presence for the sport in Colombo, has entered a new growth phase with the entry of two new strategic investors—former Sri Lanka cricket captain Mahela Jayawardene, and Trade Promoters Limited, a diversified group with interests across Sri…

Reaffirming its commitment to inclusive education and community empowerment, Seylan Bank donated a smart board and a suite of carpentry tools to the WP/PIL School for the Deaf, Ratmalana on June 5, supporting the educational and vocational development of hearing-impaired students. The donation is expected to significantly enhance the students’ learning experiences by supporting modern…

Reinforcing its commitment to those who serve the nation, the Commercial Bank of Ceylon has entered into a Memorandum of Understanding with theSri Lanka Air Force (SLAF) to introduce a comprehensive suite of concessionary financial facilities for its officers and other ranks. The partnership, unveiled in a year that marks the 75th anniversary of the…

The Sri Lanka economy must continue to grow at a pace that generates employment opportunities for women. This requires mobilising investments in sectors with high growth potential and stimulating economic development in historically disadvantaged and lagging regions, opined Shannon Cowlin, Country Director for Sri Lanka, ADB addressing the Serendipity Knowledge Program (SKOP), Unlocking Women’s Economic…

Prime Lands Residencies PLC (CSE: PLR.N) has reported an outstanding financial performance for the year ended 31 March 2026. Substantially exceeding market expectations, the Company reinforced its position as Sri Lanka’s undisputed real estate leader, propelled by massive operational scale, strategic project launches, and historic margin expansion. Reflecting on this exceptional performance, Group Chairman Premalal…