Category: Industry
JAAF stresses need for proven VAT refund system to safeguard export stability post-SVAT
The Joint Apparel Association Forum (JAAF) today reaffirmed its commitment to working with government authorities as Sri Lanka prepares to remove the Simplified Value Added Tax (SVAT) scheme on 1st October. While emphasising that the removal of SVAT is now inevitable, JAAF noted that the industry has been in continuous dialogue with policymakers on the […]
Sri Lanka’s banks present far-reaching proposals to Finance Minister to drive economic recovery
Sri Lanka’s banking sector has placed itself at the heart of the country’s economic recovery roadmap, presenting a far-reaching set of proposals for inclusion in the 2026 National Budget. The proposals, developed and submitted by the Sri Lanka Banks’ Association (SLBA) on behalf of all licensed commercial banks, were shared with Deputy Minister of Finance, […]
Sri Lanka charts course for a renewable future with launch of Green Hydrogen Policy
The Ministry of Energy, together with the Sri Lanka Sustainable Energy Authority and the United Nations Development Programme (UNDP) in Sri Lanka hosted the Renewable Hydrogen Stakeholder Consultation Workshop: From Strategy to Actions recently, bringing together national policymakers, private sector leaders, financiers, academia and international experts to discuss the country’s pathway towards a green hydrogen […]
Sri Lankan business leaders to participate in 2025 UN private sector forum
On the invitation of the United Nations Secretary-General, António Guterres, three representatives from UN Global Compact Network Sri Lanka (Network Sri Lanka) will participate in the 2025 United Nations Private Sector Forum (PSF), a high-level roundtable that brings together a select group of global private sector leaders to drive forward sustainable economic growth as a […]
HNB felicitates employees who completed 25 years of service
Sri Lanka’s leading private sector bank, HNB PLC organized a ceremony recently to felicitate their employees who completed 25 years of service at the Bank. HNB organized a gala event to recognize 160 employees who had joined in 1999/2000. This highly anticipated event was attended by HNB Managing Director and CEO Damith Pallewatte, SVP/Chief Human […]
TikTok launches dedicated STEM Feed in Sri Lanka with Govt support
TikTok, with the support of the Government of Sri Lanka, today announced the launch of a dedicated STEM Feed in the country, creating a new in-app destination for credible science, technology, engineering and mathematics content. This initiative signals a new era where TikTok, together with the Government and its vibrant Sri Lankan community, will come […]
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Fitch Ratings has assigned DFCC Bank PLC’s (A(lka)/Stable) proposed Sri Lankan rupee-denominated senior unsecured listed blue bonds of up to LKR3 billion an expected National Long-Term Rating of ‘A(EXP)(lka)’. The bonds, which would be the first listed blue bond issuance in Sri Lanka, will mature in three, four or five years. The proceeds from the […]
Terra Motors, Japan’s Leading EV Innovator, Enters Sri Lanka with Electric Three-wheeler
Terra Motors, a leading Japanese electric mobility company, has announced its entry into the Sri Lankan market with the launch of its flagship electric three-wheeler, Kyoro. It is Terra Motors’ next-generation electric three-wheeler, built for both passenger mobility and last-mile logistics. With a top speed of over 55 km/h, an extended range of up to […]
Marco Polo Makes Its Grand Debut with Flagship Store at One Galle Face Mall
Marco Polo, the premium modern casual wear brand inspired by the legendary explorer, has officially launched its flagship store at One Galle Face (OGF) Mall, Level 2, Shop No. 27. The opening marks a significant milestone for the brand, introducing Sri Lankan consumers to a refined fashion experience rooted in exploration, craftsmanship, and timeless style. […]
CA Sri Lanka & CFA Society Sri Lanka to Host Expert Panel on Bridging Market–Financial Reporting Gap
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), in collaboration with CFA Society Sri Lanka, will host an expert session titled “Unpacking Intangibles: Bridging the Gap Between Market Value and Financial Reporting” on 9th September 2025. In today’s knowledge-driven economy, intangible assets such as intellectual property, brand reputation, and data are the […]
MAS bags major honours at Mercantile Badminton Tournament
In a show of ultimate brilliance, Team MAS led by their captain Randika Fernando let the shuttle do the talking as they displayed amazing sporting spirit and stamped their authority at the recently concluded Mercantile Badminton Tournament clinching a Grand Slam Championship title and a Bowl Championship 2 nd Runners-up spot during the multi-day tourney […]
Ceylinco Life posts premium income of Rs. 22.45 bn. in 1H 2025
Ceylinco Life has reported gross written premium of Rs. 22.45 billion and total income of Rs. 36.49 billion for the first half of 2025. Premium income for the six months ending 30th June 2025 was up 12.5 per cent over the corresponding period of last year, while investment and other income for the period totaled […]