Category: Business and Economy

The Asian Development Bank (ADB) has appointed Shannon Cowlin as its new Country Director for Sri Lanka. She has assumed office in Colombo today. “I am honored to be appointed Country Director of ADB’s Sri Lanka Resident Mission,” Ms. Cowlin said. “For many years, ADB has been a trusted partner of Sri Lanka, supporting the…

CNCI Achiever Awards 2026 conducted by the Ceylon National Chamber of Industries (CNCI) will be held in October 2026 for the 25th consecutive year, Amila Sugathapala, Deputy Chairman of CNCl and Achiever Awards Judging Chairman told the official launch ceremony held in Colombo on February 5. ANCL is the official Print Media Partner of the…

Dilhan C. Fernando, Chairman of Dilmah Tea explains the danger of 2026 being the toughest year is not only to growers; this sounds dramatic, but the danger is genuinely to humanity. Discount culture fuels an accelerating emphasis on cheap produce, forcing growers to become unethical, unsustainable or give up. Discounts blind consumers to true value,…

Life insurance leader continues investment in country’s young achievers; applications for 2026 edition close on 30th April Ceylinco Life has announced the launch of the 25th consecutive edition of its flagship Pranama Scholarships programme, marking a significant milestone in the company’s long-standing commitment to recognising and rewarding excellence among the children of its policyholders. Under the 2026…

Asia Siyaka Warehousing (Pvt) Ltd(ASW), Sri Lanka’s leading tea auction logistics service provider, has achieved a significant global milestone by becoming the world’s first tea logistics company to be awarded ZeroCarbon® certification, reaffirming its commitment to sustainability, operational excellence, and responsible supply chain management The ZeroCarbon® certification, granted by Sustainable Future Group (SFG), recognises organisations…

Trading at the Colombo Stock Exchange (CSE) remained highly active from the opening of the market Yesterday (05), with strong momentum observed during the early part of the session. The All Share Price Index (ASPI) recorded several instances of gains exceeding the 100-point level in the initial hours of trading, reflecting heightened investor participation. The…

World Bank Group Executive Director Parameswaran Iyer is on an official visit to Sri Lanka to strengthen development cooperation and support the country’s economic growth efforts. Mr. Iyer, who represents Sri Lanka and several regional countries on the World Bank’s Executive Board, met with Secretary to the Treasury and Ministry of Finance, Planning, and Economic…

Sri Lanka presented a clear message of confidence, reform, and long-term opportunity at the Exclusive Port City Colombo Investor Forum held on 27th January 2026 at the Shangri-La Hotel, Singapore. Jointly organised by the High Commission of Sri Lanka in Singapore and Port City Colombo, the forum positioned Port City Colombo as the centrepiece of Sri…

Emirates Flight Catering (EKFC) is scaling up its approach to waste management with a custom-built biodigester, one of the largest in commercial scale and capacity. The Power Knot LFC-3000 biodigester at EKFC’s Central Commissary Unit enables on-site processing of organic waste, treating it at the source rather than diverting it to landfill. A biodigester functions…

First Capital Holdings PLC and Janashakthi Finance PLC, subsidiaries of JXG (Janashakthi Group), announced that their Chairman, Rajendra Theagarajah, was honoured with the Silver Award for Outstanding Independent Non-Executive Director of the Year at the inaugural SLID–ACCA National Corporate Director Awards 2025, in recognition of his leadership, integrity and contribution to strengthening corporate governance standards…