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When is the best time to hire a dedicated software development team?
Dedicated development teams have recently gained much popularity, as they enable businesses to enjoy all the benefits that a software outsourcing company typically offers – while working with a team that feels more like an extension of their in-house teams, as opposed to an offshore team. However, the question of when to hire a dedicated […]
Hemas Sustains Q1 Revenue Amid Market Volatility; Sharpens Focus on Margin Recovery
Hemas delivered revenue growth of 0.9% YoY to Rs. 28.77 Bn in Q1 FY27, supported by growth in Consumer Brands, Hospitals and Mobility. Gross profit margin improved to 30.4%, demonstrating the benefits of pricing actions and portfolio mix improvements. The escalation of conflict in the Middle East led to rising global fuel, freight and raw […]
PickMe Launches Colombo Connect as First Flagship Destination Under New PickMe Explore Platform
Lotus Tower becomes the first destination connected to a city-wide digital ecosystem linking Colombo’s attractions, culture, entertainment and commerce. PickMe yesterday launched Colombo Connect, the first city-wide destination to be introduced under its newly unveiled PickMe Explore platform, a national digital ecosystem designed to connect attractions, experiences, events and communities through a single technology platform. […]
‘Sri Lanka AI Week 2026’ launched with the theme ‘AI Amplified’ by the Ministry of Digital Economy and SLT-MOBITEL
The premier AI event showcases Sri Lanka’s AI potential with four captivating events including AI Leaders Night, AI Conference, AI Expo, and National AI Awards Building on the success of Sri Lanka’s first-ever National AI Expo & Conference held last year, the Ministry of Digital Economy of Sri Lanka and SLT-MOBITEL, the National ICT Solutions […]
Applications Open for CSSL National ICT Awards 2025
The Computer Society of Sri Lanka (CSSL) has officially called for applications for the prestigious CSSL National ICT Awards 2025, one of the country’s flagship platforms celebrating excellence in Information and Communication Technology. The society invites ICT professionals, educators, researchers, entrepreneurs, and students across the nation to submit their contributions and gain national recognition for […]
National SME Forum Scale Up 2.0 to Help SMEs Access Markets, Build Competitiveness & Prepare for Growth
The Ceylon Chamber of Commerce’s Scale Up 2.0, the National SME Forum 2026, on 11 August at the Taj Samudra, Colombo, will provide SMEs with a platform to address some of the most pressing challenges affecting business growth, from accessing markets and meeting evolving business requirements to securing finance and building the capabilities needed to […]
EDB, IFC & European Union Launch Third ExpoScaleUp Cohort to Boost Sri Lanka’s SME Export Competitiveness
The Sri Lanka Export Development Board (EDB), in partnership with the International Finance Corporation (IFC) and with the support of the European Union (EU) under the “Accelerating Climate Smart and Inclusive Infrastructure in South Asia (ACSIIS)” programme, has launched the third cohort of ExpoScaleUp, a flagship program tp designed to help Sri Lankan SMEs compete […]
Cabinet Approves $200 Mn ADB Loan for Trade, Investment, and Industrial Development
The Cabinet of Ministers has approved a proposal submitted by President Anura Kumara Dissanayake, in his capacity as the Minister of Finance, Planning and Economic Development, to obtain a US$ 200 million policy-based loan from the Asian Development Bank (ADB). The funding, sourced from ADB’s regular general capital resources, will support Sub-Programme 1 of Sri […]
Government Expedites House Arrest Legislation to Address Prison Overcrowding
At its meeting on August 3, 2026, the Cabinet approved a proposal submitted by the Minister of Justice and National Integration to instruct the Legal Draftsman to promptly finalize a draft bill introducing house arrest as an alternative to remand and imprisonment. The initiative follows a comprehensive review of earlier drafts—initially sanctioned under a June […]
Cabinet Approves Gazetting and Submission to Parliament of Key Judicial Reform Bills
Following initial Cabinet approval on July 27, 2026, approval has been granted to publish the Twenty-second Constitutional Amendment Bill and the Judiciary (Amendment) Bill in the Government Gazette and subsequently submit them to Parliament. Drafted by the Legal Draftsman and granted constitutional clearance by the Attorney General, the proposed legislation submitted by the Minister of […]
Cabinet Approves Amendments to Modernize Sri Lanka’s EPF Act
Sri Lanka’s Cabinet of Ministers has approved a proposal to instruct the Legal Draftsman to draft legislation amending the Employees Provident Fund (EPF) Act No. 15 of 1958. The proposed revision aims to modernize the original framework in response to contemporary social, economic, and technological changes, reducing operational bottlenecks and delivering a more efficient service […]
Sri Lanka Electricity Tariffs to Remain Unchanged for Q3 2026
The Public Utilities Commission of Sri Lanka (PUCSL) announced today that electricity tariffs will remain unchanged for the third quarter of 2026, maintaining the existing rates established in the second quarter. The decision follows a comprehensive review of cost estimates submitted by the National System Operating Company (NSO). According to the regulator, the projected increase […]