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Sri Lanka Launches Banana Tissue Culture Laboratory to Boost Fruit Value Chain Development
The North Central Provincial Department of Agriculture inaugurated a state-of-the-art Banana Tissue Culture Planting Material Production Laboratory at the In-Service Training Institute in Maha Illuppallama, North Central Province, with technical assistance from the Food and Agriculture Organization of the United Nations (FAO) under the South-South Cooperation (SSC) Programme with the People’s Republic of China. The […]
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 […]
ADB approves USD106.9Mn to strengthen secondary health care services in Sri Lanka
The Asian Development Bank (ADB) has approved a $106.9 million financing package to strengthen Sri Lanka’s secondary curative care services, improve communicable disease prevention and control, and enhance the health care sector’s governance and management capacity. The funding for the Strengthening Integrated Health Care and Governance for Universal Health Coverage Program consists of a $100 million loan […]
Ceylinco Life posts premium income of Rs. 22.45 bn. in 1H 2025
Ceylinco Life has reported gross written premium of Rs. 22.45 billion and total income of Rs. 36.49 billion for the first half of 2025. Premium income for the six months ending 30th June 2025 was up 12.5 per cent over the corresponding period of last year, while investment and other income for the period totaled […]
Hambantota Port Emerges as Marine Biodiversity Hotspot with Over 8 Unique Fish Species
A new baseline study by the Department of Fisheries and Marine Sciences, at Ocean University of Sri Lanka has revealed a thriving ecological marvel beneath the waters of Hambantota International Port (HIP). Despite being an artificial breakwater, the reef at HIP now supports the highest diversity of reef-associated fish in Southern Sri Lanka, outperforming natural […]
Central Bank Issues Rs. 2000 Circulated Commemorative Currency Note to Mark its 75th Anniversary
The Central Bank of Sri Lanka (CBSL) issued a Rs. 2000 circulated commemorative currency note today to mark its 75th anniversary. The note is in line with the anniversary theme, “Stability for Prosperity,” reflecting the Central Bank’s enduring commitment to fostering economic stability as the foundation for national development. This is the 5th commemorative currency […]
ComBank becomes the first Sri Lankan bank to cross USD 1 Bn. in market cap
Rings ceremonial bell at Colombo Stock Exchange to celebrate milestone The Commercial Bank of Ceylon PLC’s milestone of becoming the first bank in Sri Lanka with a market capitalisation of more than US$ 1 billion was celebrated at the Colombo Stock Exchange (CSE), where the Bank was invited to ring the ceremonial bell. Commercial Bank […]
Global Dialogue Forum gathers World leaders in Colombo on AI, energy, food & cybersecurity
Global Dialogue Forum (GDF) partnering Club of Rome’s India affiliate, is hosting a unique international conclave at the Galle Face Hotel, Colombo, bringing together leading global experts, policy framers, decision makers to explore the frontiers Artificial Intelligence (Ai) can breach to overcome challenges in green energy, food security and cyber security. It differs from the […]
Ex-President Ranil Wickremesinghe granted bail
Former President Ranil Wickremesinghe, who was arrested and remanded on Friday (22), has been granted bail, local media reported. The order was issued by Colombo Fort Magistrate Nilupuli Lankapura. The former President Ranil Wickremesinghe has been released on three surety bails amounting to Rs. 5 million each. Related: https://www.lankabusinessonline.com/former-president-ranil-wickremesinghe-arrested-to-be-produced-before-fort-magistrates-court/