Category: Business and Economy

The Global Reporting Initiative (GRI) and the Sri Lanka Export Development Board (EDB) have entered into a strategic multi-year cooperation agreement to strengthen sustainability and impact reporting among Sri Lankan exporters and enhance their competitiveness in global markets. The agreement was signed at the EDB on September 7 by GRI Chief Standards Officer Bastian Buck…

HNB PLC, once again secured its place among the nation’s most valuable brands as per the latest Brand Finance Sri Lanka 100 Report, with a brand value of LKR 25.4 billion. HNB’s placement sits within a Top 10 dominated by banking, with six banks among the country’s ten most valuable brands. The sector accounts for…

The Colombo Stock Exchange reversed its recent positive momentum on Tuesday, 8 September 2026, with both benchmark indices closing lower amid broad-based selling pressure. The All Share Price Index declined by 81.43 points, or 0.38%, to close at 21,542.23, while the S&P Sri Lanka 20 Index fell by 12.02 points, or 0.20%, to end the…

Seylan Bank has been honoured with dual wins at the Euromoney Awards for Excellence 2026, a prestigious recognition, as Sri Lanka’s Best Bank for Customer Experience and the Best Bank for SMEs; two of the most coveted country titles.  Euromoney is a leading international financial publication and market intelligence provider focused on global banking, capital…

The Board of Investment (BOI) of Sri Lanka has registered its agreement with Sahasdhanavi Limited for the development of a 350 MW combined-cycle power plant at the Kerawalapitiya Industrial Zone, marking a significant step towards strengthening the country’s power generation capacity. The BOI Agreement was registered on August 13, 2026, under Section 17(2) of the…

The National Chamber of Exporters of Sri Lanka (NCE) prepares to host the 34th Annual NCE Export Awards in December 2026, to celebrate the resilience and growth of Sri Lanka’s exporters. The programme has been held consistently for over three decades, during periods of economic uncertainty, global disruptions and changing trade conditions, marking its consistency…

Hayleys Electronics Limited, in collaboration with SolaX Power, brought together over 300 industry professionals and stakeholders in Colombo for ‘Unlocking the Power of Tomorrow’, an exclusive knowledge-sharing event focused on the future of intelligent energy solutions. Held at The Kingsbury Colombo, the event explored advancements in smart inverter technology, hybrid energy storage and intelligent energy…

Digibrush also ranks No. 24 among the world’s most effective independent agency offices Sri Lankan-grown independent agency Digibrush Productions has achieved a historic milestone on the global stage, ranking No. 5 among Asia-Pacific’s Most Effective Independent Agency Offices in the newly released 2025 Effie Index. The Colombo-based firm shared the regional top five alongside leading…

Sri Lanka is targeting $ 8 billion in tourism earnings by 2030, with the Government aiming to raise the sector’s contribution to around 5% of GDP, by transforming the country into a higher-value tourism destination, Deputy Minister of Tourism Prof Ruwan Ranasinghe said on Friday (4). Speaking on Ada Derana’s “The Public Square” programme, Ranasinghe said: “Sri…

The Board of Investment of Sri Lanka (BOI) has hosted the fifth working-level meeting of the Sri Lanka–Japan Business Environment Committee, providing a platform for Japanese investors to raise operational challenges and seek solutions from relevant government agencies. The quarterly meeting brought together representatives from the Embassy of Japan, Japan External Trade Organization (JETRO), Japan…