Category: Business and Economy

More foreign investment and industry growth is envisaged with Sri Lanka life insurance industry poised to adopt the global accounting standard for  insurance contracts, IFRS 17, panelist opined at the CT Smith Securities investor forum titled ‘Navigating Growth and Value in Life Insurance,’ held recently in Colombo. Today’s IFRS 4 focuses on a company’s stock…

The Classic Car Club of Ceylon (CCCC) successfully concluded its 34th year at its Annual General Meeting, held on 25 June 2026 at The Kingsbury Hotel, Colombo. The meeting marked the culmination of another outstanding year for the Club, highlighted by a series of successful events and initiatives celebrating Sri Lanka’s vibrant classic motoring community. These…

John Keells CG Auto (JKCG Auto), the authorised distributor of BYD and DENZA, recently welcomed BYD Vice President, Liu Xueliang to Sri Lanka as part of an official visit reviewing the remarkable growth of both brands across sales and aftersales. The visit reflects the company’s long-term confidence in Sri Lanka’s transition towards New Energy Mobility…

Pan Asia Bank launched its new ‘Remit Max’ product suite at a ceremony held on July 3, at Epitom Hotel, Kurunegala, reflecting its commitment to strengthening Sri Lanka’s formal inward remittance ecosystem while delivering innovative financial solutions tailored specifically for migrant workers and their families. The launch was attended by the Chairman of Pan Asia…

Sri Lanka’s export sector has once again demonstrated remarkable resilience despite global economic uncertainties, geopolitical tensions, supply chain disruptions and evolving market requirements.Sri Lanka’s total export earnings exceeded Rs.US$ 17 billion in 2025, reflecting continued growth in both merchandising and service exports, National Chamber of Exporters (NCE) President Indhra Kaushal Rajapaksa told the NCE Export…

Reaffirming its unmatched leadership and excellence in Sri Lanka’s banking sector, the Commercial Bank of Ceylon has been named Best Bank in Sri Lanka for the 15th consecutive year at the FinanceAsia Awards 2026, while also winning six other accolades across key areas of banking, the most by Sri Lankan bank. In addition to being…

The Market Research Society of Sri Lanka (MRSSL) elected its Executive Committee for the 2026 term at its 13th Annual General Meeting, with Suthaharan Perampalam being re-elected as President for a second consecutive term. In his acceptance speech, Suthaharan expressed his gratitude to the membership and Executive Committee for their continued support, acknowledging their collective…

HNB General Insurance (HNBGI) has become the only General Insurance company to make it to the exclusive list of 50 Best Workplaces in Sri Lanka for 2026. Compiled by Great Place To Work, the renowned global authority on workplace culture, the prestigious list features 50 Sri Lankan organizations across all sizes, with HNB General Insurance…

CEAT Kelani Holdings has expanded its radial tyre portfolio in Sri Lanka with the launch of two new SUV-focused products engineered to deliver a superior blend of control, comfort and durability across the country’s diverse driving conditions. The launch introduces the SecuraDrive SUV tyre in size 215/65 R16 and the CrossDrive AT tyre in size…

The Expo Leisure Cluster secured six accolades at the 8th Annual SLASSCOM National Ingenuity Awards (SNIA) 2026, held on 16 June at ITC Ratnadipa, reaffirming its growing strength in innovation and digital transformation across Sri Lanka’s travel, tourism, visa, and education sectors. The cluster’s wins included EVS Study Fly being named Western Province Winner for Best Innovative Product in…