Category: Business and Economy

As Sri Lanka’s value-added tea exports commanded more than 50% of total tea export volumes in 2025, with recent key investments made into matcha, green tea and artisanal teas, Sri Lanka Tea Board should protect the emerging high value segment, according to a recent (19) speech made by the newly elected Planter’s Association Chairperson Shanaka…

Union Bank has modernised its credit card business with BPC SmartVista, introducing a unified payment platform that gives the bank greater control over product development, integrations, data and customer experience. This initiative is an integral part of the Bank’s digital transformation agenda. Nisala Kodippili, Chief Technology Officer, Union Bank, said “that with the new platform…

AirAsia has been named the World’s Best Low-Cost Airline for the 17th consecutive year at the 2026 Skytrax World Airline Awards, a recognition that holds particular significance as the airline celebrates 25 years of making air travel more accessible and affordable. Widely known as the ‘Oscars of the aviation industry’, the Skytrax World Airline Awards…

HNB PLC, has secured ISO 9001:2015 Quality Management System Certification for its Central Collections Unit (CCU), covering debt collection and recovery activities within personal financial services. The certification was issued by Bureau Veritas Lanka following an assessment of the unit’s processes, controls and service standards. The certification confirms that the CCU’s recovery processes meet an…

Amana Bank recently opened its 49th Self Banking Centre in Eravur Pattu, further strengthening the Bank’s presence in the region and bringing greater banking convenience to customers in the area. Strategically located at Meerakerny Road, Michnagar, Eravur, the new Self Banking Centre provides convenient 24×7 access for cash withdrawals, cash deposits and cheque deposits for…

1,300 kWp across three properties strengthen sustainable hospitality Hayleys Solar, Sri Lanka’s No. 1 renewable energy solutions provider, has successfully completed solar power installations across three leading hospitality properties, Golden Star Beach Hotel (240 kWp), Tangerine Beach Hotel (780.57 kWp), and DoubleTree by Hilton Weerawila (280.25 kWp) supporting the hospitality sector’s transition toward renewable energy…

DFCC Bank PLC and SriLankan Airlines have partnered to launch the SriLankan Airlines DFCC Visa Platinum Credit Card, a premium co-branded credit card designed for customers whose lives increasingly extend beyond borders. The launch ceremony was held at the DFCC Bank Head Office, Galle Road, Colombo 3, on 21 July 2026, with the participation of…

The American Chamber of Commerce in Sri Lanka (AmCham SL) successfully held its 34th Annual General Meeting, bringing together its membership, distinguished guests, business leaders and representatives of the diplomatic community.  The AGM marked another important milestone for AmCham Sri Lanka as the Chamber reflected on a year of continued advocacy, high-level engagement and initiatives…

The Promotion of Export Agriculture (Amendment) Bill was considered and approved at a recent meeting of the Sectoral Oversight Committee on Environment, Agriculture and Resource Sustainability, which is meant to modernize Sri Lanka’s export agriculture sector, according to a statement released by the Parliament. Accordingly, as part of the restructuring of the institutional structure of…

Union Bank recently opened its third Leasing Hub in Matara, offering faster and more convenient leasing solutions to customers. Union Bank Leasing Hubs serve as dedicated one-stop centres for all leasing requirements, providing easy access, speedy service, and an enhanced customer experience. In addition to delivering greater convenience, these hubs contribute significantly to the growth…