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 […]
Hemas Consumer Brands honoured its long service distributor partners from across Sri Lanka at its National Sales Awards – 2026 recently, recognising the dedication, consistency and entrepreneurial spirit that have helped bring some of the country’s most trusted household brands into millions of homes. The event celebrated long-standing partnerships built on trust, mutual respect and […]
The project arm of Hayleys Fentons Limited has successfully completed construction of a state-of-the-art manufacturing facility for Shield Restraint Systems (Pvt) Ltd at the Wathupitiwala Export Processing Zone, delivered fully on schedule, from foundation stone to completion in roughly 14 months. The project, valued at over LKR 1 billion, is among the more technically demanding […]
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 […]
Evolution Auto (Pvt) Ltd and Sampath Bank have signed a Memorandum of Understanding (MOU) to support the adoption of electric vehicles (EVs) in Sri Lanka, combining Evolution Auto’s growing portfolio of EVs with Sampath Bank’s financial solutions to make EV ownership more accessible to customers. Along with a range of EVs that meet various mobility […]