Category: Business and Economy

In a landmark move to strengthen cultural ties between Sri Lanka and Germany, F Entertainment, a subsidiary of Fairway Holdings, has entered into a strategic partnership with the Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) to host one of Sri Lanka’s true German Oktoberfest celebrations. The Memorandum of Understanding (MoU)…

DoubleTree by Hilton Weerawila Rajawarna Resort is proud to announce its recognition at the prestigious 2026 Haute Grandeur Global Excellence Awards, securing multiple accolades that reaffirm its position as one of Sri Lanka’s leading resort destinations. At this year’s awards, the resort was honored with the titles of Best Wedding Resort in Asia, Best Destination…

A significant milestone in Sri Lanka’s cooperative and technology sectors was marked on April 23, at Monarch Imperial, with the signing of a strategic partnership between Sell-X and TecCoop. This collaboration aims to elevate the cooperative movement into a new era of digital transformation, innovation, and customer-centric service delivery. TecCoop, a nationally registered cooperative operating…

LOLC General Insurance PLC, a widely trusted and leading general insurance provider in Sri Lanka, has announced its recognition at the Best Management Practices Company Awards (BMPC) 2026, organised by the Institute of Chartered Professional Managers of Sri Lanka (CPM Sri Lanka). The company was awarded Runner-Up in the General Insurance (Private Sector) category and…

People’s Bank presented its 2025 Annual Report to the Governor of the Central Bank of Sri Lanka, Dr P. Nandalal Weerasinghe. The report was formally handed over by People’s Bank Chairman, Prof. Narada Fernando, Chief Executive Officer/General Manager, Clive Fonseka, and Deputy General Manager and Acting Head of Finance, Ms Nilmini Premalal. The 2025 Annual…

Making Sri Lanka an event management hub is on top of the government’s agenda, Minister of Industry and Entrepreneurship Development, Sunil Handunnetti told the launch event of Sri Lanka’s first event calendar held in Colombo on Thursday (23). Minister of Industry and Entrepreneurship Development Sunil Handunnetti He said, “Sri Lanka has naturally received many good opportunities…

In a significant boost for its tourism sector, the Sri Lankan government has successfully negotiated a comprehensive funding package worth USD 300 million with the Asian Development Bank (ADB). This initiative aims to revitalize the country’s tourism industry, which has faced numerous challenges in recent years. Of the total funding, USD 100 million has already…

The Sri Lanka Foreign Employment Bureau states that the amount of remittances sent by migrant workers to the country during the first quarter of this year has increased by 26.5% compared to the first quarter of last year. From January to March 2026, the country received remittances of US $ 2.29billion. The amount of remittances…

Sri Lanka’s storytelling excellence took centre stage at the Inspire Global Media Awards 2026, held recently in London, United Kingdom with a packed room of media glitterati. The Sri Lankan travel documentary produced by Mark Julian Edwards won the Television Broadcast of the Year at the ceremony, contested by BBC and Amazon TV. The documentary…