Category: Business and Economy

The Sri Lanka Export Development Board (EDB) and the University of Kelaniya have launched a new industry-academia collaboration aimed at strengthening Sri Lanka’s electronic and electrical exports through research, innovation and product diversification. The initiative, titled “Innovation Bridge 2026,” brought together exporters, manufacturers, academics and industry experts at a seminar and mini innovation exhibition held…

The Sri Lanka – Japan  Business Council (SLJBC) of The Ceylon Chamber of Commerce recently held its 47th AGM, with the Ambassador of Japan and the Patron of the Council, Akio ISOMATA, attending as the Chief Guest. Addressing the gathering, Ambassador ISOMATA outlined three priorities for deepening bilateral economic relations: an effective and forward-looking trade and investment…

Union Bank opened its 2nd ATM/CDM in Trincomalee recently. The new cash point offering 24×7 cash deposits and withdrawals and is conveniently located at Uppuveli providing easy access to local community as well as foreign tourists for international cards. The first transaction was carried out by Sivapalan Krishan and Directors of Uppuveli Beach hotel by…

Sri Lanka’s national carrier, SriLankan Airlines announced the appointment of Vipul Misra as its new Chief Executive Officer (CEO), effective from yesterday (9). Misra succeeds Yasantha Dissanayake, who temporarily held the position in the interim period after Richard Nuttal stepped down from the position in April of 2025. Misra previously served as the Head of…

The Ministry of Science and Technology is ready to provide technical and research support for the development of the national cashew sector. As a preliminary step towards this, a stakeholder discussion was held under the patronage of the Minister of Science and Technology, Prof. Chrishantha Abeysena to exchange views on the current and future technical,…

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…