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Building the case for software outsourcing in 2026: what’s changed, and the reasons that are still relevant
Software outsourcing seems to be increasing in popularity as time passes by. While there are many reasons contributing to this, which reasons are new, and which ones have been around for a while? In this article, we break down the reasons why businesses choose software outsourcing over in-house custom software development, by comparing evergreen reasons […]
Cabinet Approves Publication and Parliamentary Submission of New ‘Protection of the State from Terrorism’ Bill
Sri Lanka’s Cabinet of Ministers has formally approved a proposal to publish the draft bill for the ‘Protection of the State from Terrorism Act’ in the Government Gazette and subsequently submit it to Parliament for legislative enactment. The decision, reached at the Cabinet meeting on August 17, 2026, remains subject to formal approval at the […]
Cabinet Approves Amendment to Foreign Exchange Act to Criminalize Unauthorized Outward Fund Transfers
In a significant regulatory shift aimed at strengthening financial law enforcement, Sri Lanka’s Cabinet of Ministers has granted approval in principle to amend the Foreign Exchange Act, No. 12 of 2017. The proposed amendment will classify the unauthorized transfer of funds out of Sri Lanka as a criminal offense, addressing a crucial gap in the […]
ComBank partners SolarRay Energy to expand access to green financing for solar solutions
Mr W. D. Jayasuriya, Chief Manager of the Retail Products Department of Commercial Bank and Mr. Elabada Liyanage Chamil Suranga Silva, Managing Director of SolarRay Energy exchange the agreement in the presence of representatives of the two companies. Driven by its commitment to providing sustainable financial solutions for its customers, Commercial Bank of Ceylon has […]
Sampath Bank Partners GV Auto to Accelerate Electric Vehicle Adoption in Sri Lanka
Mr. Abeeth Dangalla, Managing Director, Gavinro International (Pvt) Ltd (Fourth from Left) and Mr. Darshin Pathinayake, Chief Business Intelligence Officer, Sampath Bank PLC (Fourth from right) exchange the agreement in the presence of representatives from both organisations Sampath Bank recently entered into a strategic partnership with GV Auto by Gavinro International (Pvt) Ltd., expanding access […]
CFA Society Sri Lanka to Host Exclusive Programme on Wealth Maximizing Options for Family Businesses
Initiative to provide family-business owners with practical insights on growth, succession, capital raising and long-term wealth creation CFA Society Sri Lanka, under its Learnings sub-brand, will host “Wealth Maximizing Options for Family Businesses,” an exclusive one-day programme designed for owners and principal shareholders of family-owned businesses considering the next phase of growth, succession, ownership transition […]
Aitken Spence begins with strong momentum in Q1 FY 2026/27, as PBT rises 74% to Rs. 1.74 Bn
Aitken Spence PLC, with a portfolio spanning diverse industries and geographies, began the financial year 2026/27 with strong earnings momentum, recording a 74% increase in Group Profit Before Tax (PBT) to Rs. 1.7 billion for the quarter ended June 30, 2026. Profit After Tax (PAT) increased by 158% to Rs. 1.0 billion, while Group EBITDA […]
Hemas Enters East Africa, Strengthening Its International Footprint
Ashish Chandra CEO Hemas Group and Sabrina Esufally, Managing Director Hemas Consumer Brands Acquisition of Kenya’s Twiga Stationers strengthens Consumer Brands portfolio and creates platform for regional growth Hemas Holdings PLC, one of Sri Lanka’s leading diversified conglomerates, announces its entry into East Africa through the acquisition of a majority stake in Twiga Stationers & […]
Vietjet brings its award-recognised brand and signature red uniform to Sri Lanka with new Colombo route
As Vietjet prepares to launch its direct route between Colombo and Ho Chi Minh City on 18 August 2026, the airline is celebrating two recent honours from the 2026 Flyers’ Choice Awards, organised by AirlineRatings: “Favourite Low-Cost Carrier” and “Best Cabin Crew Uniform.” Determined by travellers’ votes, the awards recognise Vietjet’s distinctive brand and cabin […]
Pan Asia Bank Crosses Rs. 350 Bn In Assets; 1H Profit Rises 16%
Pan Asia Bank has surpassed Rs. 350 billion in total assets for the first time in its 31-year history, reporting a strong performance for the first half of 2026. For the six months ended 30 June, the Bank recorded a Profit After Tax of Rs. 2.5 billion, up 16% year-on-year, while Net Interest Income grew […]