Category: Industry
Ceylon Chamber Highlights Opportunities in UK’s Enhanced Trade Scheme
The Ceylon Chamber of Commerce welcomes the UK Government’s liberalisation of rules of origin under its Developing Countries Trading Scheme (DCTS), set to take effect in early 2026. This important step reflects the UK’s continued commitment to greater trade openness and flexibility, offering Sri Lankan exporters enhanced access to one of their key markets. The […]
Stallion Consultancy Takes Over ACAP Stockbrokers in Strategic Market Play
Stallion Consultancy (Private) Limited has swooped in to acquire ACAP Stockbrokers (Private) Limited from Asia Capital PLC, marking a strategic power play that promises to reshape Sri Lanka’s stock brokerage landscape through a complete rebrand and fresh market positioning. The acquisition brings heavyweight leadership credentials to the table, with Stefan Abeyesinhe stepping in as Chairman, […]
‘s Upgraded DCTS Rules of Origin Allow SL Manufacturers to Source Up to 100-pct of Inputs Globally
Sri Lankan garment manufacturers will soon have “unprecedented access” to UK markets due to liberalized trade rules set to take effect in early 2026. The changes to the UK’s Developing Countries Trading Scheme (DCTS) will allow more garments manufactured in Sri Lanka to be exported to the UK duty-free. Under the new rules, Sri Lankan […]
CPCEC Reaffirms Commitment to Compliance and Business; Visa Suspended of Two Authorised Persons
This statement is following recent developments reported in the media, regarding the detention and deportation of foreign nationals employed by entities operating as Authorised Persons (APs) licensed by the Colombo Port City Economic Commission (CPCEC). Following the alleged incident, the CPCEC has suspended the issuance of Visa recommendations for the two APs whose employees were […]
Hayleys Solar named one of LMD’s most loved brands 2025
Hayleys Solar, Sri Lanka’s No.1 solar solutions provider, has been recognised as one of LMD’s Most Loved Brands for 2025, making history as the only renewable energy brand to earn this prestigious honour. The accolade marks a pivotal moment for Sri Lanka’s clean energy sector, reflecting both public trust in Hayleys Solar and broader national […]
ComBank creates history in Q2 as first private sector bank with assets of Rs. 3 trillion
Group deposits surpass Rs. 2.5 Tn. mark Loan book grows by Rs. 206 Bn. in 6 months to Rs. 1.73 Tn., disbursements average Rs. 34.33 Bn. per month Group net interest income up 17.39% to Rs. 68.81 Bn. Improves NIM and CASA Total taxes increase by over 60% for 6 months to Rs 24.42 Bn. […]
Yara Technologies partners with Clover Infotec to revolutionize EdTech in Botswana
Empowering schools with predictive analytics and seamless communication solutions with Talkative Parents and Quanta Platforms Yara Technologies (Pvt) Ltd (“Yara”), a fast-scaling EdFinTech startup in Sri Lanka, has announced a strategic resale partnership with Clover Infotec to launch its flagship platforms – Talkative Parents and Quanta – in Botswana. This partnership represents a pivotal step […]
Nations Trust Bank delivers 26% loan growth in 1H 2025 supporting economic revival
Nations Trust Bank PLC reported strong results for the six months ending 30th June 2025, achieving a Profit After Tax (PAT) of LKR 9Bn, reflecting a healthy 10% year-on-year growth. Nations Trust Bank, Director & Chief Executive Officer, Hemantha D Gunetilleke, stated, “The Bank’s performance in 1H 2025 highlights our commitment to economic growth and […]
Synamon Global’s Seacucumber Symposium 2025 in Jaffna
By Jekhan Aruliah The Seacucumber Symposium in Jaffna, sponsored by the US based investment organisation Synamon Global, brought together many diverse opinions to share and enhance knowledge and understanding. Academics and entrepreneurs gave their opinions and advice, occasionally in heated fashion. Thus achieving Synamon Global’s objective, to make the seacucumber industry a powerful sustainable and […]
‘Invest Sri Lanka’ forum to be held in Singapore to boost foreign investment
The Colombo Stock Exchange (CSE), in collaboration with the Securities and Exchange Commission of Sri Lanka (SEC) and the stock broking industry, are conducting an ‘Invest Sri Lanka’ Investor Forum in Singapore on 12 th August 2025. Building on the momentum of the successful foreign investor forum held in Colombo during March this year, the […]
TikTok releases Q1 2025 community guidelines enforcement report
TikTok has released its Q1 2025 Community Guidelines Enforcement Report, showcasing its ongoing commitment to creating a safe digital space for its users. The report, which covers data from January to March 2025, details the proactive steps TikTok has taken to identify and remove content that violates its Community Guidelines, ensuring a positive experiencefor its […]
President Vows to Keep Vehicle Imports Open for Sri Lankan Market
President Anura Kumara Dissanayake has announced that there will be no further tax increases or restrictions on vehicle imports. In a stern message, he also criticized those spreading rumors for creating “unnecessary panic” and putting “pressure on the dollar.” Addressing the Parliament, the President sought to provide stability and confidence to the local automotive market […]