Category: Business and Economy

Cinnamon Hotels & Resorts is strengthening its commitment to gender inclusion across its portfolio, with female participation now at 19.5%, marking a healthy trajectory toward its 2030 goal of achieving 30% workforce representation. Women currently hold 22% of leadership positions across the group. In Sri Lanka female participation in hospitality is barely making 10%, careers in…

Asiri Health partners with the Information and Communication Technology Agency of Sri Lanka (ICTA) to support and accelerate the growth of HealthTech startups, marking a significant step in strengthening Sri Lanka’s innovation-led healthcare ecosystem. This strategic collaboration was unveiled during ‘Global Entrepreneurship Week 2025’, at a HealthTech startup pitching session organized by ICTA. At the…

Sarvodaya Development Finance PLC (SDF), in collaboration with Fintechnology Asia Pacific Lanka Pvt Ltd (FINAP), has officially launched CIXOR PayDay, a next-generation digital WageTech platform that enables employees to access a portion of their earned wages in real time, while giving employers a structured and capital-efficient way to offer this benefit. Positioned as a financial…

As geopolitical upheavals increasingly shape business outcomes, IQ Global has partnered with the Centre for Law & Security Studies (CLASS) to launch the region’s first “GeoStrategy × Business Design” programme, an initiative that aims to redefine how senior leaders prepare for a world where disruption has become the norm. From shifting trade alliances to sudden…

Under the nationwide initiative to introduce innovative digital solutions, the Ministry of Transport, Highways, and Urban Development yesterday (01) launched a new program for Sri Lanka Transport Board (SLTB) buses. Implemented with guidance from the Ministry of Digital Economy, the initiative is intended to further strengthen transport services under the purview of the Ministry of…

Colombo recently witnessed a refined celebration of Italian coffee culture with the successful conclusion of La Dolce Tazza – The Art of Italian Coffee, an exclusive masterclass presented through a prestigious collaboration between the Embassy of Italy in Sri Lanka and Colombo Coffee Company.The event marked a significant milestone in strengthening cultural and commercial ties…

Ashraff Associates Appoints New Creative Director Ashraff Associates, one of Sri Lanka’s leading boutique creative agencies has appointed Yasaanth Krishnamoorthy as its Creative Director effective 1st January 2026. A qualified architect with a Master’s Degree from the City School of Architecture at the University of West England, Krishnamoorthy’s foray into advertising began as an Art…

This year, Emirates moved 55.6 million customers, circled Earth 29,290 times on nearly 180,580 flights, and placed orders for 73 new aircraft. The airline celebrated its 40th year of operations in October, but the real story of 2025 goes beyond that anniversary milestone, as Emirates plots what the future of flying better really means. Whether you’ve…

The Sri Lankan rupee depreciated by 5.6% against the US dollar during 2025, according to data released by the Central Bank of Sri Lanka (CBSL). This marks a reversal from the previous two years, during which the rupee recorded notable gains. The currency had appreciated by 12.1% in 2023 and a further 10.7% in 2024…

The Sri Lanka Purchasing Managers’ Index for Construction (PMI – Construction), as reflected by the Total Activity Index, increased to 66.2 in November 2025. Most firms reported improved construction activity during the month, despite the weather-related disruptions towards the end of the period. The New Orders Index remained expanded in November. Many respondents highlighted the…