Category: Economy and Markets
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, […]
Sunshine Holdings marks successful completion of ‘Smart Life Challenge’
Diversified conglomerate Sunshine Holdings (CSE: SUN) successfully concluded Phase 01 of the ‘Smart Life Challenge’, a three-month employee wellness programme designed to encourage sustainable lifestyle improvements among its workforce. Initiated and led by the Group’s HR team, this programme focused on fostering healthier habits, enhancing physical and mental well-being, and strengthening team spirit across all […]
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 […]
Deflation expected to end by Q3-2025; economy to grow by around 4.5-pct in 2025: CBSL
The Central Bank of Sri Lanka (CBSL) has released its second Monetary Policy Report for 2025, in line with the transparency and accountability requirements of the new Central Bank of Sri Lanka Act, No. 16 of 2023. The biannual report offers a forward-looking analysis of the economy, with a specific focus on the inflation and […]
U.S. Ambassador Meets with the Ceylon Chamber Leadership
The Ceylon Chamber of Commerce was honoured to welcome the Ambassador of the United States to Sri Lanka, Julie Chung, for a courtesy visit with the Ceylon Chamber’s leadership. Ambassador Chung met with Chairman Krishan Balendra, Vice Chairman Bingumal Thewarathanthri, Deputy Vice Chairman Vinod Hirdaramani, Secretary General and CEO Buwanekabahu Perera and other representatives of […]
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 […]
Ambeon Group Reports Strong Q1 2025/26 Performance with Profit Growth
Ambeon Capital PLC, the investment holding company of the Ambeon Group reported a Profit After Tax (PAT) of LKR 731 Mn making a significant profit growth compared to the PAT of LKR 83 Mn in the same period last year. Ambeon Holdings PLC the group’s principal operating subsidiary which is a leading diversified conglomerate with […]
National Program for Developing 1000 Entrepreneurs
The “National Program for Developing 1000 Entrepreneurs” is an innovative initiative aimed at empowering the SME sector in Sri Lanka by enhancing the knowledge, skills, productivity, and export capacity of entrepreneurs, thereby contributing to the strengthening of the national economy. This program is being implemented by the Ministry of Industry and Entrepreneur Development in collaboration […]
‘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 […]
Is an increase in the tobacco tax incidence a practical policy option in Sri Lanka?
By Sri Lal Somaweera The recent COPF discussions sparked debate on a push to raise Sri Lanka’s tax on cigarettes to be 75% of the price of the cigarette. This has resurfaced policy discussions, echoing a longstanding recommendation from the World Health Organization’s (WHO). Their aim is clear: discourage smoking, improve public health, and boost […]