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IFRS 17 to boost life insurance growth

More foreign investment and industry growth is envisaged with Sri Lanka life insurance industry poised to adopt the global accounting standard for  insurance contracts, IFRS 17, panelist opined at the CT Smith Securities investor forum titled ‘Navigating Growth and Value in Life Insurance,’ held recently in Colombo. Today’s IFRS 4 focuses on a company’s stock […]

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Classic Car Club of Ceylon Celebrates Another Successful Year at Annual General Meeting

The Classic Car Club of Ceylon (CCCC) successfully concluded its 34th year at its Annual General Meeting, held on 25 June 2026 at The Kingsbury Hotel, Colombo. The meeting marked the culmination of another outstanding year for the Club, highlighted by a series of successful events and initiatives celebrating Sri Lanka’s vibrant classic motoring community. These […]

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Pan Asia Bank strengthens national remittance framework with ‘Remit Max’

Pan Asia Bank launched its new ‘Remit Max’ product suite at a ceremony held on July 3, at Epitom Hotel, Kurunegala, reflecting its commitment to strengthening Sri Lanka’s formal inward remittance ecosystem while delivering innovative financial solutions tailored specifically for migrant workers and their families. The launch was attended by the Chairman of Pan Asia […]

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Roshane Perera Honoured with the Global CEO 45 Under 45 Leadership Excellence Platinum Award 2025

Roshane Perera, Deputy Managing Director – Energy of Hayleys Fentons, has been honoured with the prestigious Global CEO 45 Under 45 Leadership Excellence Platinum Award 2025, recognising exceptional young leaders who are shaping industries through visionary leadership, innovation, and measurable national impact. Mr. Perera is widely regarded as one of Sri Lanka’s most influential leaders […]

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SLID prioritises future ready boards with Sri Lanka Corporate Director Summit 2026

As organisations navigate an increasingly complex business environment shaped by technological disruption, evolving stakeholder expectations, heightened regulatory scrutiny, and global economic uncertainty, the role of corporate boards is undergoing a significant transformation. Recognising this shift, the Sri Lanka Institute of Directors (SLID) will host the Sri Lanka Corporate Director Summit 2026, a premier governance forum […]

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Evolution Auto Unveils Auto Direct as One-Stop Solution for Buying, Selling and Upgrading from used Vehicles

Evolution Auto, the authorized distributor of electric vehicles (EVs) in Sri Lanka, has launched Auto Direct, a dedicated platform that brings vehicle buying, selling and trade-in services under one roof, offering Sri Lankan vehicle owners a structured and transparent alternative in a challenging automotive market.  Because of price uncertainty, shifting market dynamics, and reduced buyer […]

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Boat and Ship Building Sector to reach USD$100 Bn mark this year

Sri Lanka’s export sector has once again demonstrated remarkable resilience despite global economic uncertainties, geopolitical tensions, supply chain disruptions and evolving market requirements.Sri Lanka’s total export earnings exceeded Rs.US$ 17 billion in 2025, reflecting continued growth in both merchandising and service exports, National Chamber of Exporters (NCE) President Indhra Kaushal Rajapaksa told the NCE Export […]