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99x launches AI-Hub to increase visibility on AI-assisted workflows
99x, a global product engineering company headquartered in Norway, has launched AI Hub, an observability platform designed to provide greater visibility into AI-assisted workflows and performance metrics. The event also celebrated 99x’s xians.ai platform being recognised as Sri Lanka’s Best Agentic AI Solution at the National AI Awards. The 99x leadership also shared updates on […]
Seven in ten Sri Lankan exporters already sell online, but paperwork and slow delivery hold them back: Survey
Sri Lankan exporters are taking to online selling faster than the country’s trade systems are keeping up. A new survey shows seven in ten already use e-commerce, but many are still tangled in paperwork, slow deliveries and high costs. The findings are in “E-commerce and international trade in Sri Lanka: Findings from a survey of […]
The cost of hesitation: Lessons from Asian national strategies on oil palm
By Lalith Obeyesekere, Secretary General, Planters’ Association of Ceylon In his memoirs, Lee Kuan Yew described Ceylon as Britain’s model Commonwealth country, and tooknote of the significant lead that then Ceylon had in terms of its resources, infrastructure and institutions when compared to the Singapore he had inherited, or to his immediate neighbours, Malaysia and […]
Tax exemptions for residential real estate at Port City distort tax regime: Advocata Institute
Residential real estate developments in Colombo Port City currently benefit from a range of tax exemptions and incentives, which create a highly distortionary and unequal tax regime for real estate businesses operating elsewhere in Sri Lanka, the Advocata Institute warned. Both previous regulations (Gazette No. 2343/60 of 4 August 2023) and recent regulations (Gazette No. […]
Seylan Bank Surpasses LKR 1 Trillion in Total Assets
Seylan Bank PLC, has surpassed LKR 1 trillion in total assets, marking a significant milestone in the Bank’s growth journey and strengthening its position among Sri Lanka’s leading private sector banks. The Bank reached the milestone in September 2026, becoming the fourth private sector bank in Sri Lanka to achieve this landmark. Surpassing LKR 1 […]
ComBank unveils ‘Prestige’ Banking to empower clients to craft their legacy for growth
New three-tier proposition combines bespoke banking, strategic wealth management, expert advisory, refined lifestyle privileges and enriching rewards The Commercial Bank of Ceylon has reaffirmed its commitment to providing a bespoke banking experience with the launch of ‘Prestige’ for Sri Lanka’s High Net worth (HNW) clientele. Bringing together the full weight and capabilities of Sri Lanka’s […]
USS Tulsa Returns to Colombo for Scheduled Port Visit
USS Tulsa (LCS 16), an Independence-variant littoral combat ship, arrived at the Port of Colombo on October 7, receiving a warm welcome from Sri Lanka as the ship returns for its second visit in two years. The port call underscores the enduring U.S.–Sri Lanka maritime partnership and our shared commitment to maintaining peace, security, and […]
Fitch Rates Merchant Bank of Sri Lanka’s Proposed Subordinated Debt ‘BBB+(EXP)(lka)’
Fitch Ratings has assigned Merchant Bank of Sri Lanka & Finance PLC’s (MBSL, A(lka)/Stable) proposed Sri Lankan rupee-denominated subordinated listed debentures of up to LKR1 billion an expected National Long-Term Rating of ‘BBB+(EXP)(lka)’. The proposed debentures will mature in five years and will be listed on the Colombo Stock Exchange. The company plans to use […]
Sri Lanka’s Economy Reaches Pre-Crisis Levels but Recovery Uneven, says World Bank Group
Sri Lanka’s economy reached a significant milestone, reaching pre-crisis levels. But the recovery remains incomplete and uneven, with household incomes and labor market outcomes still lagging the broader economic rebound, says the World Bank Group in its twice-yearly economic outlook. Released today, the latest Sri Lanka Development Update, From Recovery to Transformation, projects Sri Lanka’s […]