Category: Industry
GovPay Crosses 50 Organisations & Announces Plans for Future of Government Digital Payments
At a media conference held today, the Information Communication Technology Agency (ICTA), in collaboration with LankaPay and under the guidance of the Ministry of Digital Economy, showcased the growing success of GovPay, Sri Lanka’s official Government Digital Payment Platform. The briefing also highlighted the pilot rollout of the online traffic fine payment system and marked […]
Softlogic Life completes 100% acquisition of Allianz Life Insurance Lanka Ltd
Softlogic Life Insurance PLC has successfully completed the acquisition of 100% of the shares of Allianz Life Insurance Lanka Limited (Life Business), following the receipt of regulatory approval from the Insurance Regulatory Commission of Sri Lanka (IRCSL). The transaction marks a significant milestone, following the initial announcement on 26th March 2025. Softlogic Life recorded Gross […]
Boost for Sri Lankan garment sector as the UK launches new trade measures under DCTS
The UK government yesterday unveiled a package of reforms aimed at simplifying imports from developing countries such as Sri Lanka. Under the upgraded Developing Countries Trading Scheme (DCTS), businesses will face fewer procedural hurdles when exporting to the UK. British High Commission said in a statement that the changes are designed to boost trade flows […]
Exporters warn against backdoor charges, urge Government to uphold transparent trade practices
The Joint Chambers of Commerce today urged the Government of Sri Lanka to engage in meaningful consultation with all recognized industry chambers before making decisions that directly impact trade, exports, and the wider economy. The call comes in response to renewed lobbying efforts by certain shipping agents and intermediaries seeking to reintroduce anti-competitive terminal handling […]
Emirates to Introduce Refurbished B777 on Colombo Route from 18 July
Emirates, the world’s largest international airline, will deploy its retrofitted four-class Boeing 777 on flights EK650/651 operating between Dubai and Colombo from 18 July. Services on the enhanced aircraft, with newly-configured and refreshed cabins, will be the airline’s second daily flight in Sri Lanka to feature Premium Economy seats. Currently, over 40 destinations in Emirates’ […]
Advocata Institute Urges Government to Uphold Electricity Sector Reforms
The Advocata Institute today called on the Sri Lankan government to reaffirm its commitment to the critical reforms initiated by the 2024 Electricity Act. The think tank emphasized the necessity of legally separating the Ceylon Electricity Board’s (CEB) functions and fostering a competitive and transparent electricity industry. “The 2024 Electricity Act was a landmark step […]
Sri Lanka among top 3 summer getaways according to Emirates search data
Sri Lanka is among the top three summer destinations for travel in July and August, according to the latest booking data of Emirates, the world’s biggest international airline. Emirates reports that Sri Lanka has seen a 32% increase in flight searches as a clear favourite for its rich cultural tapestry, pristine beaches, ‘tea country’ and […]
ComBank launches Sri Lanka’s first AI-powered SME Credit Underwriting Solution
The Commercial Bank of Ceylon has announced the launch of Sri Lanka’s first Artificial Intelligence-powered SME Credit Underwriting Solution, taking a transformative step in reshaping how small and medium enterprises (SMEs) access credit and financial solutions. This custom-built AI platform, another breakthrough initiative by the country’s largest private sector bank, was fully developed as a […]
Don’t Drive Away What’s Helping Consumers, Advocata Pushes for Checkout Tax Reform
Thousands of parcels ordered by Sri Lankans from popular e-commerce platforms like TEMU, AliExpress, and eBay are now stuck at customs, caught in a legal grey zone that’s choking the flow of goods. Advocata Institute warns ensuring consumer choice through a competitive market is key to delivering reasonable prices and better quality for Sri Lankans. […]
‘s eRL 2.0 Vehicle Revenue Licence System Down: ICTA
The Information and Communication Technology Agency of Sri Lanka (ICTA) has announced the temporary unavailability of its crucial Vehicle Revenue Licence system (eRL 2.0). A critical technical infrastructure issue has rendered vehicle revenue license issuance services inaccessible since July 3rd, 2025, with an anticipated restoration date of July 9th, 2025. This outage is expected to […]
CBSL Initiates Resolution Action on Nation Lanka Finance PLC
The Central Bank of Sri Lanka (CBSL) announced today its decision to initiate resolution action on Nation Lanka Finance PLC (NLFP), a Licensed Finance Company, effective immediately. This decisive step has been taken due to NLFP’s persistent violations of the Finance Business Act, No. 42 of 2011 (FBA), and various related Directions and Rules, coupled […]
EFutures honoured with dual wins at SLASSCOM National Ingenuity Awards
EFutures, a leading Sri Lankan software product engineering company, has been recognised with two prestigious honours at the SLASSCOM National Ingenuity Awards 2025, winning Best Innovative Product – Transportation and Logistics at both the Western Provincial and National levels. Presented by SLASSCOM, the national chamber for Sri Lanka’s IT and BPM industry, the annual awards […]