Category: Business and Economy

At a pivotal stage where the Sri Lanka Export Credit Insurance Corporation (SLECIC) is building on a strong foundation and embracing a renewed strategic direction, the Corporation has announced the appointment of Upeksha Subasinghe as its new General Manager.  Subasinghe is a seasoned professional with extensive experience in Human Resource Management, Administration and Leadership. He…

Smallholders of oil palm cultivation and experts in the economic agriculture sector emphasized that resuming oil palm cultivation can easily earn foreign exchange while quenching the local demand for edible oil. They pointed out that Sri Lanka is the only country in the world that has banned oil palm cultivation while countries like Malaysia, Indonesia,…

Sri Lanka Insurance Corporation General Limited (SLICGL) delivered a remarkable performance in 2025, reinforcing its position as Sri Lanka’s leading general insurer with outstanding results across key financial metrics. The company sustained a Gross Written Premium (GWP) of Rs. 30.3 billion, demonstrating the resilience of its diverse portfolio in a competitive and challenging environment. SLICGL’s…

The Bank recorded a Profit Before Income Tax (PBT) of LKR 4,548Mn in Q1 2026, against LKR 4,199 Mn reflecting a growth of 8.31%. For the three months ended 31st March 2026, Profit after Tax recorded by Seylan Bank was LKR 2,906 Mn with a growth of 5.25% against LKR 2,761 Mn recorded in the…

Bilateral trade between France and Sri Lanka stood at 556 million  Euros in 2025,with French exports to Sri Lanka amounting to 85 million Euros, while French imports from Sri Lanka reached 470 million Euros. This resulted in a bilateral trade deficit of 385 million Euros, Remi Lambert, Ambassador of France to Sri Lanka told the…

Hoteliers along Sri Lanka’s Eastern Coast gathered at Sun Siyam Pasikudah on April 10, to confirm a new chapter for the Eastern Coast Hotel Association (ECHA), by appointing Arshed Refai, General Manager of Sun Siyam Pasikudah, as its new President. ECHA brings together hoteliers along Sri Lanka’s Eastern Coast around a shared purpose: raising Pasikudah’s…

Pan Asia Bank has been driving innovation to offer both mobility and energy independence. Anticipating the growing challenges surrounding fuel availability and energy costs in the country, Pan Asia Bank took proactive steps to offer customers a forward-looking solution. Its EV Plus Leasing seamlessly combines electric vehicle (EV) leasing with a pre-approved solar energy facility…

SLT-MOBITEL has once again signed with the STEMUP Educational Foundation to conduct the Code Club programme. Entering its sixth year, the partnership continues to transform digital literacy access for students islandwide. The agreement was inked by Rohana Ellawala, Chief Marketing Officer, SLT-MOBITEL and Prabhath Mannapperuma, Founder of STEMUP Educational Foundation. SLT-MOBITEL understands that science, technology,…

A dynamic learning opportunity awaits at CINEC thanks to a variety of Diplomas and Degrees, all of which are approved by the UGC and MoHE of Sri Lanka, opening a host of opportunities and still accessible for all aspiring students.  Planning ahead makes all the difference in today’s competitive world, and CINEC’s Degree and Diploma…

In a historic milestone for Sri Lanka, Abdul Razak M. Muzammil has become the first Sri Lankan to be awarded the globally recognised CAMA² (Certified Asset Management Assessor) certification, setting a new benchmark for professional excellence in the country’s infrastructure and asset management sector.  The CAMA2 designation, conferred by the World Partners in Asset Management…