Category: Business and Economy

Marking a significant milestone, IBH Real Estate celebrates six years in business this year, reflecting a journey defined by growth, trust and a commitment to excellence within Sri Lanka’s evolving real estate landscape. Founded in 2020 by Mr. Romesh Abeysekera, IBH Real Estate began with a clear vision – to provide a more structured, transparent…

The Colombo Stock Exchange (CSE) officially opened its Galle Branch to the public, further strengthening its countrywide presence. The branch was inaugurated by Chairman of the Securities and Exchange Commission of Sri Lanka (SEC) Senior Professor D.B.P.H Dissabandara, Chairman of CSE Mr. Dimuthu Abeyesekera and Chief Executive Officer of CSE Mr. Rajeeva Bandaranaike in the…

DFCC Bank PLC conducted its first “Wyapara Hamuwa” programme for 2026 in Kuliyapitiya, bringing together suppliers connected to PROJAR Lanka (Pvt) Ltd, a Spain-based coconut chips exporting company operating in the region. The programme engaged 40 coconut chips suppliers, creating a focused platform to strengthen financial understanding and business practices among small and medium-scale participants…

The Intergovernmental Group of Twenty-Four (G-24) has warned that escalating global risks, including geopolitical tensions, rising inflation, and tighter financial conditions could undermine fragile economic recoveries in developing countries such as Sri Lanka. In a communiqué issued following its meeting on April 14, 2026, on the sidelines of the IMF-World Bank Spring Meetings in Washington,…

In a significant commitment of support to efforts to modernise Sri Lanka’s public passenger transport system, the Commercial Bank of Ceylon has partnered with NCG Express to introduce fully digital bus ticketing, enabling passengers to pay fares using cards, QR-based payments and contactless technology. The collaboration supports the Government’s Digital Ticketing Initiative and marks one…

Deloitte Sri Lanka hosted a leadership briefing for Corporate Business Leaders and Human Resource Professionals of Non-Bank Financial Institutions (NBFIs) to mark the official launch of the Non-Bank Financial Institutions Sector Compensation & Benefits Survey 2025 report. The first NBFI sector focused pay survey in Sri Lanka by Deloitte, highlights how companies are responding to…

LAUGFS Supermarkets, a leading retail chain in Sri Lanka, announced the opening of its 43rd outlet located in Pitipana, Homagama. This latest expansion reflects the company’s continued growth momentum and commitment to serving communities with quality products and exceptional service. The Pitipana outlet marks the third supermarket opening in the first quarter of 2026, following…

Pan Asia Bank is ushering in the festive season with an array of Avurudu promotions, offering over 250 special deals for its credit cardholders. Designed to enhance the spirit of celebration, these exclusive offers enable customers to enjoy discounts of up to 70% across a wide range of categories, making Avurudu a more rewarding and…

Cargills Food City has been named the People’s Supermarket Brand of the Year 2026 at the SLIM Kantar Awards, marking an exceptional fifth consecutive year of recognition. This achievement reinforces Cargills Food City’s position as one of the leading consumer brands in Sri Lanka and reflects its strong connection with customers across the island. Since…

Director General of the Development Finance Department of the Ministry of Finance, Planning and Economic Development Manjula Hettiarachchi noted that forty per cent of Rs. 95 billion allocated by the government in the 2026 budget to promote entrepreneurs in the country has been disbursed to beneficiaries. More than forty per cent of the loans have…