The Asian Development Bank (ADB) yesterday said it has approved $ 100 million in financing to support reforms and investments that will strengthen social protection, economic inclusion, and well-being and resilience among the poor and elderly in Sri Lanka. The financing comprises a $50 million policy-based loan and a $50 million project loan. The ‘Promoting […]
Sri Lanka is positioning itself to become a dominant global force in the gem and jewelry sector, with plans to establish an international-standard gem hub complete with advanced research, laboratory, and exhibition facilities in Colombo by 2030. The announcement was made by the Minister of Industries and Enterprise Development, Sunil Handunnetti, during the 2026 Annual […]
The Ceylon National Chamber of Industries (CNCI), Sri Lanka’s premier industrial chamber, hosted the ‘CNCI Achiever Awards 2026’ at Cinnamon Life, City of Dreams, Colombo, on October 15, in collaboration with the Ministry of Industries and Entrepreneurship Development. The annual flagship event recognises and rewards outstanding Sri Lankan industrialists for their remarkable achievements and excellence […]
The Commercial Bank of Ceylon’s remarkable near two-and-a-half-decade run as Sri Lanka’s best bank was recognised on the global stage recently when Sanath Manatunge, the Bank’s Managing Director/CEO accepted the 24th Best Bank award presented to the Bank by Global Finance. The Global Finance Annual Awards ceremony for 2026 was held at the Dusit Thani […]
The Sri Lanka Institute of Directors (SLID) further strengthened its focus on the evolving Boardroom agenda with the successful conclusion of the first Executive Masterclass by its HR and Talent Governance Forum, titled “Redefining Human Capital: Shaping the Future of Work,” held on 18 September 2026 at Cinnamon Grand Colombo. The Masterclass follows the launch of SLID’s HR and […]
Sri Lanka’s first MRI with Siemens Healthineers’ Deep Resolve AI technology sets a new national benchmark in diagnostic imaging, bringing a level of capability not previously available in the country and marking another step forward in advancing Sri Lanka’s healthcare standards. Hemas Hospitals has brought a new class of MRI technology to Sri Lanka with […]
Sampath Bank PLC’s debenture issue attracted applications exceeding Rs. 10 billion, surpassing the maximum amount available under the offer. In a stock exchange disclosure, the bank said the issue would close at 4.30 p.m. on October 20 in accordance with its prospectus. The basis of allotment will be announced to the Colombo Stock Exchange in […]
Sri Lanka’s banks increased lending to overseas borrowers by more than 50 percent in the year to June 2026, with offshore loans accounting for over a third of their outstanding foreign currency credit, even as emerging risks linked to the Middle East conflict placed growing pressure on loan portfolios, according to Central Bank of Sri […]
Sri Lanka’s Cabinet of Ministers have approved the publication of a new bill to establish a National Agency for Public-Private Partnerships (PPPs) and provide the legal framework to promote and facilitate PPP projects in the country. Approval to introduce the legislation was initially granted at the Cabinet meeting held on 2 June 2025. Accordingly, the […]
The Sri Lanka–Thailand Business Council (SLTBC) has sought a clear roadmap for implementing the Sri Lanka–Thailand Free Trade Agreement (FTA) and details on proposed employment opportunities for 10,000 Sri Lankan workers in Thailand. The Council’s delegation, led by President Rizan Nazeer and comprising several executive committee members, met Thai Ambassador to Sri Lanka Paitoon Mahapannaporn […]