Category: Business and Economy

Asoka Hettigoda, Chairman of the Hettigoda Group of Companies, was unanimously elected as the President of The Hotels Association of Sri Lanka (THASL) at the Association’s Annual General Meeting for 2025, held at Cinnamon Life – City of Dreams.  This election positions a seasoned industry veteran at the helm of the country’s premier hotel association,…

Commercial Bank of Ceylon has signed a Memorandum of Understanding (MoU) with Overseas Realty (Ceylon) PLC, to provide tailor-made home loan facilities for buyers of condominium units at Mireka Seascape, the company’s latest development. Through this partnership, Commercial Bank will offer loans covering up to 100 percent of the purchase price of properties developed by…

Uber marked 10 years of operations in Sri Lanka, a decade in which the platform has reshaped how people commute and how thousands of Sri Lankans earn a livelihood.  Industries and Entrepreneurship Development Deputy Minister Chathuranga Abeysinghe graced the milestone event as the chief guest. U.S. Ambassador Julie Chung attended as the guest of honor,…

The Initial Public Offering (IPO) of WealthTrust Securities Limited (WTS) will open tomorrow, inviting the public to subscribe for 71,548,244 Ordinary Voting Shares at an Issue Price of LKR 7.00 per share. Through the Issue, WTS seeks to raise a total of LKR 500,837,708, with the Company’s shares expected to be listed on the Diri Savi Board of the Colombo Stock Exchange…

The World Bank Group is deeply saddened by the devastation caused by Cyclone Ditwah in Sri Lanka. Our thoughts are with the people who have lost loved ones, homes, and livelihoods, and with the communities now facing immense hardship. We commend the remarkable resilience shown by Sri Lankans in the face of this disaster and…

The Consulate General of Sri Lanka in Dubai successfully hosted a high-level breakfast meeting today, bringing together leading travel trade professionals, media partners, airline representatives, and key influencers to promote Sri Lanka as a premier travel destination under the revitalized “Sri Lanka is Ready” tourism campaign. The networking event, held at the premises of the…

Ministry of Finance data confirms Bank’s dominant contribution to national SME credit in 2024, accounting for more than 30% of total loan value The Commercial Bank of Ceylon has once again emerged as the country’s largest lender to small and medium enterprises (SMEs), retaining its position for the fifth consecutive year, according to the Ministry…

DHL Express is marking its 45 years of operations in Sri Lanka, connecting local businesses and communities to global opportunities through its logistics network. Ken Lee, CEO, Asia Pacific, DHL Express, said, “For 45 years, DHL Sri Lanka has been connecting businesses and communities with the world, driving trade, growth, and opportunity. The anniversary is…

ITC Ratnadipa announces the launch of Shifu’s Apprentice, an exclusive à la carte dining experience led by Chef Liang and his apprentice, Chef Prithvi, taking place at Yi Jing from 10th to 21st December 2025, from 6.30 PM onwards. Shifu’s Apprentice draws its inspiration from the traditional master–student relationship at the heart of classical Chinese cooking and in this…

Ogilvy Group Sri Lanka has once again secured its place among the region’s top marketing and communications agencies at this year’s Campaign Asia Agency of the Year Awards, continuing a winning streak that spans the past seven years. This year’s awards ceremony, held in Mumbai, India, saw Ogilvy Digital and Phoenix Ogilvy bring home two…