Category: Business and Economy

Writer Corporation, one of India’s leading business groups, today announced the launch of its subsidiary, Writer Business Services Pvt. Ltd., and the commencement of its operations in Sri Lanka. The expansion reflects Sri Lanka’s strategic importance in Writer’s regional growth plans and its role in supporting a highly regulated digital and financial services market which…

UST Acquires Leading Fintech Innovator Tailwind Acquisition of key Texas and Brazil-based firm increases UST’s standing in the rapidly growing market for digital banking solutions and support services  UST, a leading AI and technology transformation solutions company, has acquired Texas based fintech company Tailwind Business Ventures, strengthening its position in a dynamic sector while also expanding its presence…

DFCC Bank’s Badminton Team delivered a strong performance at the 41st Mercantile Inter-Firm Team Badminton Championships, organised by the Mercantile Badminton Association of Sri Lanka. Held in late 2025, the tournament brought together more than 250 teams from across the country, making it one of the most competitive inter-firm sporting events in Sri Lanka. Competing…

Sampath Bank PLC continues to further its role as a catalyst for inclusive economic growth with the “200 Women Startups Development Programme”, which was launched under its flagship Sampath Saviya Entrepreneurship Development Programme. The initiative is a national-level effort aimed at identifying, nurturing, and scaling-up women-led enterprises across Sri Lanka. The programme achieved a key…

Asian Paints Causeway, the nation’s undisputed leader in the Auto Refinish sector, ushered in a new era of automotive innovation at its signature “Night of Champions” event. Held at the prestigious ITC Ratnadeepa Hotel, the gathering brought together over 250 dealers and corporate partners, marking it as the largest and most dynamic convention ever held…

Seylan Bank PLC recently joined the Partnership for Carbon Accounting Financials (PCAF), officially strengthening its commitment to sustainability and transparent climate reporting. With this step, Seylan Bank became one of the leading financial institutions in Sri Lanka to align with an internationally recognized framework for measuring and disclosing financed greenhouse gas (GHG) emissions. PCAF is…

Casons Taxi has officially rebranded as The Taxi Company, effective 10 January 2026, marking a new phase in the company’s evolution with a refreshed brand identity, new logo, and an enhanced digital presence. Under the rebrand, the company confirmed that rates, billing processes, and service delivery will remain unchanged throughout the transition. “This is purely…

Two New Division Directors Added to Support the Region Sarvesh Suri is named IFC’s Regional Vice President for Asia and the Pacific, bringing 25 years of global investment and development expertise as well as a proven track record of fostering public-private collaborations. In making the announcement, IFC confirmed that Suri will strategically lead all investment…

Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 60.9 in December 2025, indicating a continued expansion in manufacturing activities. All sub-indices contributed positively to this increase, mainly supported by seasonal demand, despite adverse weather-related disruptions experienced at the beginning of the month. Sri Lanka Purchasing Managers’ Index for…

Reuters – U.S. stock futures slid on Monday after President Donald Trump threatened to slap extra tariffs on eight European nations until ​the U.S. is allowed to buy Greenland, pushing the dollar down on the safe-haven yen and Swiss franc. Gold and silver both jumped ‌to all-time highs, while oil slipped on concerns about what an all-out trade war…