E.B. Creasy Solar, the renewable energy arm of E.B. Creasy & Co., PLC, has partnered with Kotagala Plantations PLC to install a 1 MW rooftop solar power system, reaffirming its commitment to supporting Sri Lanka’s transition towards sustainable energy solutions. This milestone project reflects the shared vision of both organizations to integrate renewable energy into […]
People’s Bank expands MSME business volume to LKR 20.8 Bn in 2025 strengthening support for national economy
Micro, Small and Medium Enterprises (MSMEs) continue to play a pivotal role in driving Sri Lanka’s economy through employment generation, regional development, entrepreneurship, and income distribution. Recognising the importance of this sector, People’s Bank further strengthened its commitment to MSME development in 2025 by expanding its MSME business volume to LKR 20.8 billion, reinforcing its […]
WSO2 Founder and CEO Dr. Sanjiva Weerawarana to step down as CEO
WSO2 announced that its Founder and Chief Executive Officer, Dr. Sanjiva Weerawarana, will step down from his role as CEO with effect from June, 2026. The Board of Directors has initiated a search for a permanent CEO and has appointed WSO2’s Chief Revenue Officer Devaka Randeniya as Acting Chief Executive Officer to lead the company […]
SLICGL first GI Insurer in Sri Lanka to surpass LKR 30 Bn GWP
Sri Lanka Insurance Corporation General Limited (SLICGL) has achieved a historic milestone, becoming the first General Insurance (GI) company in Sri Lanka to surpass LKR 30 billion in Gross Written Premium (GWP). The landmark achievement sets a new benchmark for the industry and demonstrates SLICGL’s unmatched strength, credibility, and customer trust. In addition to this […]
Improving broader business environment vital for sustainable growth – WB
A 2025–2026 World Bank enterprise survey reveals Sri Lanka’s post-crisis recovery is a “growth mirage” where firms are increasing sales and employment, but not labor productivity. While exporters are innovating, they are underperforming domestic-facing firms, indicating a structural crisis where productivity declines as firm size increases. To drive sustainable growth, policy must shift toward improving […]
JAECOO J7 PHEV Achieves Five-Star Ratings in Both Euro NCAP and Australasian NCAP Safety Assessments
With 148 years of trusted heritage under the Hayleys Group, Hayleys Mobility continues to lead Sri Lanka’s automotive sector by combining innovation, luxury, and uncompromised safety. Reinforcing this commitment, the JAECOO J7 PHEV has achieved the highest possible five-star rating in both the 2025 Euro NCAP and Australasian NCAP (ANCAP)assessments, excelling across all key categories, […]
Classic Travel Wins Gold for Consecutive Years at Malaysia Airlines Trade Elevation Summit 2026
Classic Travel has once again secured top honours at the Malaysia Airlines Trade Elevation Summit 2026, winning the prestigious Golden WAU Award and continuing its consecutive run of recognition at the global industry event. The awards ceremony, took place on 14th May at Shangri-La in Kota Kinabalu, recognises outstanding global trade partners that continue to […]
Dialog delivers strong Q1 2026 financial performance
Revenue: Rs.47.3Bn, up 9% YoY and NPAT: Rs.9.2Bn up +)100% YoYTaxes Paid to GoSL: Rs.16.0Bn (Rs.5.1Bn in Direct, Rs.10.9Bn Indirect)Investment in Digital Infrastructure: Rs.5.5Bn; Operating Free Cash Flow (OFCF): Rs.14.6Bn up +8% YoYFirst Interim Dividend: Rs.0.70 per share; Annualized Dividend Yield of 9.2% Dialog Axiata PLC announced its consolidated financial results for the quarter ended […]
Industrial activity up, tourism earnings, financial market indicators dip
Sri Lanka’s economy reflected mixed trends across key sectors during the week ending May 15, with industrial activity showing improvement while tourism earnings and financial market indicators recorded declines, according to the latest Weekly Economic Indicators released by the Central Bank of Sri Lanka (CBSL). In the real sector, the Central Bank said tea production […]
SME NEXUS National SME Strategy Framework 2026 to revolutionize business landscape in Sri Lanka
The SME NEXUS National SME Strategy Framework 2026 was officially launched in Colombo on May 13, 2026. Held at the Grand Maitland, the initiative, spearheaded by the Ministry of Industry and Entrepreneurship Development, focuses on empowering small and medium enterprises (SMEs) through digital transformation and policy consistency. The main purpose of the initiative was to […]