Category: Business and Economy

Sri Lanka yesterday marked a major milestone in its  tourism development agenda with the official launch of two nationally significant  consultancy assignments supported under the World Bank’s Grant Facility for Project Preparation (GFPP). The event was officiated by Prof. Ruwan Ranasinghe, Deputy Minister of Foreign Affairs, Foreign Employment and Tourism who emphasized the importance of these initiatives in shaping…

The Board of  Investment of Sri Lanka (BOI) has strengthened its  investment attraction capabilities through a knowledge-sharing workshop conducted by the Australian Trade and Investment Commission (Austrade), focusing on  strategies and best practices to promote and attract quality Foreign Direct Investment (FDI). The workshop forms part of an identified activity under the bilateral Trade and Investment Facilitation Agreement (TIFA) Action Plan…

Boutique Agency Network (BAN) has once again proven its strength as one of Sri Lanka’s most effective integrated creative agencies, winning Gold at the Dragons of Sri Lanka Awards for the Munchee Father’s Day campaign, “Piya Kirula”, in the Integrated Marketing Campaign category. The win marks a major milestone for BAN, making it the second consecutive year the agency has…

National Savings Bank Group (NSB) recorded resilient core banking performance during the first six months of 2026, supported by stronger net interest income, a notable expansion in fee-based earnings and continued growth in loans and advances. The results demonstrate the Bank’s capacity to maintain business momentum while navigating cost pressures and volatility in market-related income.…

DFCC Bank has won two country awards at the 4th ICC Emerging Asia Banking Conclave & Awards 2026, receiving Best Performance on Growth – Sri Lanka and Best Performance on Profitability – Sri Lanka. Organised by the Indian Chamber of Commerce (ICC), the regional awards recognise the performance of financial institutions across emerging Asian markets.…

The Northern Province (NP) can increase its current GDP contribution from 4.6% to 10% if the required facilities are provided, Northern Province Governor Nagalingam Vethanayahan told the Asian Development Bank (ADB) delegation at a meeting held on August 24 in Jaffna. The governor also appreciated and thanked ADB for providing drinking water from the ADB…

Sri Lanka’s  tourism industry has received a fresh boost from the Japanese market with 200 Japanese tourists travelling to the island on a single direct flight, highlighting the considerable economic potential that could be generated by expanding arrivals from Japan. The group, organised by the Little Japan Group, departed from Narita International Airport for Sri Lanka today…

Chandana Guniyangoda assumed duties as the new Chairman of People’s  Bank on August 25, at a ceremony held at the Bank’s Head Office. The occasion was attended by the former Chairman People’s Bank, Prof. Narada Fernando, members of the Board of Directors, People’s Bank Chief Executive Officer/General Manager and members of the Bank’s corporate management. Guniyangoda’s appointment…

A strategic investment to accelerate development of the platform ahead of its market launch. Aventude Pte Ltd, the award-winning AI-native software engineering firm, today announced a US$1 million commitment to Skarpa.ai, a platform positioned as a bet on the next decade of software, built on a single conviction: software is about to become a living thing.…

The future competitiveness of Sri Lanka’s businesses will depend not only on sound management but on the strength, vision and effectiveness of the country’s boardrooms. That message resonated strongly as the Sri Lanka Corporate Director Summit 2026, organised by the Sri Lanka Institute of Directors (SLID), successfully concluded recently, bringing together 475 participants, including chairpersons,…