Category: Business and Economy

The Commercial Bank of Ceylon has once again affirmed its standing among the world’s leading financial institutions, emerging as the No 1 ranked Sri Lankan bank in the 2026 edition of the prestigious Top 1000 World Banks ranking published by The Banker magazine, UK. Beaches & Islands The Bank’s No 1 position among local peers…

Setting a new global example for fostering an inclusive and equitable workplace reflecting its dedicated focus on championing an inclusive and equitable corporate culture, the Commercial  Bank of Ceylon has become the first  bank in the world to be accorded Champion Status by the United Nations Population Fund’s (UNFPA) Coalition for Reproductive Justice in  Business (CRJB). This global recognition marks a…

The Sri Lanka  Economic &  Investment Summit 2026 (SLEIS 2026), organised by The Ceylon Chamber of Commerce, will open with a high-level investment-focused panel discussion, bringing together leaders from the public and private sectors to examine Sri Lanka’s  investment landscape and the opportunities emerging as the country advances its economic reform agenda. South Asians & Diaspora The session, which will be…

The Central  Bank of Sri Lanka (CBSL) has announced that it tightened its monetary policy stance during the first half of 2026 to safeguard price stability while maintaining stability in the external sector amid heightened global uncertainties. The observations were made in the Market Operations Report (MOR) for June 2026, released by the CBSL’s Market Operations Department…

hSenid Business Solutions PLC (hSenidBiz) announced its financial results for the first quarter of FY2027, delivering strong revenue growth and sustained profitability as the Company continued to execute its SaaS-led growth strategy. Total revenue for the quarter reached LKR 602.8 million, reflecting year-on-year growth of 28 percent. The Company’s recurring revenue model continued to strengthen…

Rush Metropolis in Dehiwala, recently received approval from the Board of Investment (BOI) of Sri Lanka. The official recognition was received at the Board of Investment, with Rush Lanka’s Managing Director Sabeer Iqbal, Director Zaid Ariff, General Manager Irfan Rafeek and Finance Manager Zulfihar Ali representing the company. Comprising 125 contemporary apartments, the project combines…

The 91st Annual General Meeting (AGM) of the Import Section of The Ceylon Chamber of Commerce was held recently at Shangri-La Colombo, bringing together members of the import and trade community to review the Section’s achievements and outline its priorities for the year ahead. Sri Lanka Ports Authority (SLPA) Chairman Dr. Parakarama Dissanayake attended as…

The Sri Lanka Consumer Cooperative Societies Federation (COOPFED) has signed two landmark Memoranda of Understanding (MoUs) with Lanka Sugar Company and BCC Lanka Company to strengthen local industries while providing essential consumer goods to the public at affordable prices.  This marks a historic milestone in the cooperative movement, enabling consumers to access high-quality locally produced…

Directors should be less concerned about the cost of complying with governance requirements and more focused on ensuring boards discharge their responsibilities properly, Minor International Group CEO and Minor Hotels Thailand CEO Dillip Rajakarier said, arguing that strong governance protects corporate reputation and ultimately financial performance. Speaking during a panel discussion at the recent Sri…

Texworld NYC, Apparel Sourcing NYC, and Home Textiles Sourcing NYC—the East Coast’s premier textile and apparel sourcing events—concluded successfully at the Jacob K. Javits Convention Center in New York City, USA, from 29–31 July 2026. Recognised as the largest textile and apparel sourcing trade show on the East Coast, the exhibitions brought together more than…