Category: Business and Economy

Cargills Food and Beverage Ltd. through its brands KIST and Knuckles, has signed a Memorandum of Understanding (MoU) with Clean Ocean Force Lanka (COF) to adopt Crow Island Beach for one year, reinforcing its commitment to long-term coastal conservation in Sri Lanka. This pioneering initiative is designed to protect and preserve the coastal environment through…

Sri Lanka stands to gain substantial economic and cultural dividends by strategically positioning its film industry to serve the global market, according to film director Dr. Arosha Fernando. Speaking on the future of local cinema, Dr. Fernando emphasized that Sri Lanka’s film sector has long been inward-looking, with most productions tailored primarily for domestic audiences.…

The arrival of a newborn should be a moment of joy, yet for many parents, the need for Neonatal Intensive Care Unit (NICU) support can bring anxiety and uncertainty. Recognising both the medical and emotional requirements of families during this critical time, Joseph Fraser Hospital has announced the enhancement of its Neonatal Intensive Care Unit…

The Faculty of Brands launched an event on March 9, attended by members of Sri Lanka’s marketing and advertising industry, marking the start of its efforts to drive collaboration with global and local experts and industry bodies to bring much needed practical marketing and branding knowledge to the industry. The initiative aims to build the…

Seylan Bank PLC has introduced a new feature to its SME loans portfolio, offering loan decisions within three working days for facilities below Rs. 25 million, once the required documentation is submitted. The initiative is designed to address one of the most common challenges faced by small and medium enterprises (SMEs), lengthy waiting periods to…

In a critical response to Sri Lanka’s escalating fuel shortages driven by Middle East tensions and QR rationing. The Export Development Board (EDB) has introduced a priority programme to ensure exporters receive their essential fuel stocks without delay. Treating the export sector as the nation’s top priority, this government-backed initiative aims to shield over 4,500…

The Credit Information Bureau of Sri Lanka (CRIB), in collaboration with the Insurance Regulatory Commission of Sri Lanka (IRCSL), has marked a significant milestone in the country’s insurance sector with the signing of agreements to establish a Centralised Insurance Data Repository System a first-of-its-kind national initiative to unify insurance industry data. The Centralised Insurance Data Repository will…

The National Savings Bank (NSB) has reported its highest-ever profit for the financial year ended December 31, 2025, reflecting robust growth across core banking operations and strengthened financial stability. The State-owned savings bank posted a record operating profit of Rs. 59 billion, marking a 55% increase year-on-year, while profit after tax (PAT) rose sharply by…

AIA Insurance, was the Platinum Sponsor of the inaugural EFC National Best Employer Awards 2025, a landmark national initiative organised by the Employers’ Federation of Ceylon (EFC), to recognise organisations that exemplify excellence in people‑centred leadership and responsible employment practices in Sri Lanka. The awards ceremony held recently brought together leaders from across the corporate,…

The National Chamber of Commerce of Sri Lanka (NCCSL) has announced the conclusion of a hands-on workshop titled ‘Empowering Businesses with AI-Driven Productivity’ held on March 17, at the Auditorium of the National Chamber of Commerce. The programme brought together CEOs, Directors, Managers, Entrepreneurs, Government officials, and business professionals to equip them with modern technology.…