Category: Business and Economy

As vehicles become Software-Defined, Evolution Auto’s portfolio brings AI computing capabilities ranging from 48 TOPS in the XPENG L03 to 100 TOPS in the AVATR 07.   Evolution Auto is highlighting the growing importance of vehicle computing power as the automotive industry moves towards Software-Defined Vehicles (SDVs), with its current portfolio offering AI computing capabilities ranging…

Fairway Leisure Sector is gearing up for a major expansion, targeting a portfolio of at least 500 room keys by the end of the current financial year. Under its travel and hospitality arm, Fairway Travel, the group is aggressively building out a nationwide network designed to support seamless round-tours and capture growing tourism flows. Chief…

Sri Lanka and Indonesia have agreed to strengthen bilateral cooperation in the labour sector, with particular emphasis on labour protection, social security, migrant worker rights and addressing challenges linked to irregular migration. Minister of Labour and Deputy Minister of Finance and Planning Dr. Anil Jayantha Fernando held bilateral discussions with Indonesian Minister of Manpower Prof.…

Industry leaders and tourism authorities are setting their sights on leveraging Digital Summit Asia 2026 to drive international travel and elevate Sri Lanka’s profile as a premier regional destination. Beyond serving as a hub for tech and marketing innovation, the upcoming summit is being hailed as a strategic catalyst for long-term destination marketing and economic…

World Bank and Institute of Internal Auditors collaborateThe government has taken steps to implement a special programme, in collaboration with the World Bank and the Institute of Internal Auditors, to enhance financial discipline and the internal audit process within Sri Lanka’s public institutions. Accordingly, a discussion regarding the strengthening of public financial discipline and internal…

The Sri Lanka Export Development Board (EDB), in collaboration with the Consulate General of Sri Lanka in Melbourne, successfully organised Sri Lanka’s first-ever national pavilion at Fine Food Australia 2026, held from 31 August to 3 September, 2026, at the Melbourne Convention and Exhibition Centre (MCEC). The landmark participation marked an important step in strengthening…

People’s Bank recently conducted the ‘YES Cash Carnival Draw’, providing 25 lucky customers with the opportunity to win cash prizes.  The draw ceremony was held recently at People’s Tower, Colombo 02. The promotion was open to customers who maintained a balance of Rs. 50,000/- or above their YES Savings Account between the period of August…

Sri Lanka Tourism has concluded its Australia and New Zealand Roadshow Series in Perth, bringing together more than 85 Australian travel agents and tour operators for a day focused on business-to-business engagement, industry networking and the promotion of Sri Lanka as a preferred holiday destination. The Perth programme, the final stop of the roadshow series,…

Deputy Minister of Plantation and Community Infrastructure Sundaralingam Pradeep said that Sri Lanka’s coconut industry generated US$614 million in export revenue during the first half of this year, up from US$530 million during the corresponding period last year. Addressing the Sri Lanka Coconut Awards 2026 organised by the Coconut Development Authority, Deputy Minister Pradeep said…

HNB PLC, Sri Lanka’s leading private sector bank, has enabled online payments to all government institutions connected to LankaPay’s Online Payment Platform via its Transaction Banking (TxB) platform with effect from 1 September 2026, allowing every HNB TxB client across the SME, Business Banking, Emerging Corporates and Corporate Banking segments to make payments to government…