Nemantha Abeysinghe joins WEBXPAY Board as Non-Executive Director
Sri Lankaโs fast-growing fintech sector received another boost after WEBXPAY Ltd appointed corporate leader Nemantha Nilhan Abeysinghe as an Independent Non-Executive Director to its Board. Abeysinghe brings more than 30 years of experience in corporate leadership, finance, strategy and business development, having served in senior positions in both local and international organisations. His appointment is…
RTS Holdingsโ Hidellana and Avissawella tea factories get Zero Carbon Manufacturing Certification
RTS Holdings has reached a significant milestone in Sri Lankaโs tea industry with its Hidellana and Avissawella Tea Factories being awarded the prestigious Zero Carbon Manufacturing Certification by The Sustainable Future Group, reinforcing its leadership in sustainable tea production. The certification, granted to Avissawella Tea Factory (Private) Limited, and recognizes the factoryโs successful transition to…
Importance of inclusive economic growth and trade-driven development stressed
Executive Director of the Centre for Poverty Analysis (CEPA) Prof. Sirimal Abeyratne, stressed the importance of inclusive economic growth and trade-driven development while addressing the International Conference on โPoverty and Development in times of crisisโ in Colombo yesterday (08). Addressing the conference, Prof. Abeyratne emphasized that sustainable development depends not only on economic expansion but…
A full-power authority to straighten out failing businesses
Several ministries and institutions are to jointly establish a full-power authority to carry out regulatory work related to the revival of failing businesses. One representative each from the Ministries of Finance, Justice and Trade, a representative from the Securities and Exchange Commission of Sri Lanka, a representative each from the Registrar of Companies, the Commissioner…
โMaldives open, ambitious and ready to partnerโ
The Maldives currently runs a trade deficit with Sri Lanka of over $166 million. While this reflects the strong presence of Sri Lankan goods in the Maldivian market, it also signals an opportunity to deepen and rebalance the partnership through greater two-way trade, targeted investments and high-impact joint ventures, Mohamed Saeed, Minister of Economic Development…
Peopleโs Bank supports National QR Payment Adoption Programme
Marking a significant milestone in Sri Lankaโs digital transformation journey, the National QR Payment Adoption Programme was recently launched with the objective of accelerating the countryโs transition towards a cash-lite economy. The initiative aims to reduce reliance on physical currency by promoting the widespread use of QR-based digital payments, enabling individuals and businesses to conduct…
Food & Hospitality Asia Maldives expo to be held in Sept.
Food & Hospitality Asia Maldives (FHAM) 2026 will take place from 7th to 9th September 2026 at the Manhattan Grand Hotel, bringing together global brands, regional suppliers, and key decision-makers from across the hospitality and tourism sectors. Recognized as the Maldivesโ largest and most influential international hospitality exhibition, FHAM continues to serve as a key platform…
โPoverty not just lack of money, but lack of opportunity, agency and dignityโ
Executive Director of the Centre for Poverty Analysis (CEPA) Prof. Sirimal Abeyratne said that poverty is not just a lack of money, it is a lack of opportunity, a lack of agency and a lack of dignity. He made these remarks while addressing the International Conference on โPoverty and Development in Times of Crisisโ in…
Embassy of Nepal in Colombo hosts Sri LankaโNepal Business Council
The Embassy of Nepal in Colombo hosted the Sri LankaโNepal Business Council (SLNBC) recently at the Cinnamon Lakeside Hotel, Colombo. The formal installation ceremony was marked by the presence of Dr. Purna Bahadur Nepali, the Ambassador of Nepal to Sri Lanka, foreign diplomats and dignitaries, representatives from the Embassy of Nepal in Colombo, leading Sri…
DFCC Bank strengthens digital capability through FITIS membership
DFCC Bank PLC has been certified as a Full Member of the Federation of Information Technology Industry Sri Lanka (FITIS) for 2026, marking a step in the Bankโs ongoing effort to strengthen its digital capability and align more closely with the countryโs evolving technology ecosystem. As Sri Lankaโs ICT industry body, FITIS brings together technology…