Live Last read · last published · next check
Software outsourcing seems to be increasing in popularity as time passes by. While there are many reasons contributing to this, which reasons are new, and which ones have been around for a while? In this article, we break down the reasons why businesses choose software outsourcing over in-house custom software development, by comparing evergreen reasons […]
Sri Lanka’s Cabinet of Ministers has formally approved a proposal to publish the draft bill for the ‘Protection of the State from Terrorism Act’ in the Government Gazette and subsequently submit it to Parliament for legislative enactment. The decision, reached at the Cabinet meeting on August 17, 2026, remains subject to formal approval at the […]
In a significant regulatory shift aimed at strengthening financial law enforcement, Sri Lanka’s Cabinet of Ministers has granted approval in principle to amend the Foreign Exchange Act, No. 12 of 2017. The proposed amendment will classify the unauthorized transfer of funds out of Sri Lanka as a criminal offense, addressing a crucial gap in the […]
Mr W. D. Jayasuriya, Chief Manager of the Retail Products Department of Commercial Bank and Mr. Elabada Liyanage Chamil Suranga Silva, Managing Director of SolarRay Energy exchange the agreement in the presence of representatives of the two companies. Driven by its commitment to providing sustainable financial solutions for its customers, Commercial Bank of Ceylon has […]
Mr. Abeeth Dangalla, Managing Director, Gavinro International (Pvt) Ltd (Fourth from Left) and Mr. Darshin Pathinayake, Chief Business Intelligence Officer, Sampath Bank PLC (Fourth from right) exchange the agreement in the presence of representatives from both organisations Sampath Bank recently entered into a strategic partnership with GV Auto by Gavinro International (Pvt) Ltd., expanding…
Initiative to provide family-business owners with practical insights on growth, succession, capital raising and long-term wealth creation CFA Society Sri Lanka, under its Learnings sub-brand, will host “Wealth Maximizing Options for Family Businesses,” an exclusive one-day programme designed for owners and principal shareholders of family-owned businesses considering the next phase of growth,…
Aitken Spence PLC, with a portfolio spanning diverse industries and geographies, began the financial year 2026/27 with strong earnings momentum, recording a 74% increase in Group Profit Before Tax (PBT) to Rs. 1.7 billion for the quarter ended June 30, 2026. Profit After Tax (PAT) increased by 158% to Rs. 1.0 billion, while Group EBITDA […]
Ashish Chandra CEO Hemas Group and Sabrina Esufally, Managing Director Hemas Consumer Brands Acquisition of Kenya’s Twiga Stationers strengthens Consumer Brands portfolio and creates platform for regional growth Hemas Holdings PLC, one of Sri Lanka’s leading diversified conglomerates, announces its entry into East Africa through the acquisition of a majority stake in Twiga Stationers & […]
As Vietjet prepares to launch its direct route between Colombo and Ho Chi Minh City on 18 August 2026, the airline is celebrating two recent honours from the 2026 Flyers’ Choice Awards, organised by AirlineRatings: “Favourite Low-Cost Carrier” and “Best Cabin Crew Uniform.” Determined by travellers’ votes, the awards recognise Vietjet’s distinctive brand and cabin […]
Pan Asia Bank has surpassed Rs. 350 billion in total assets for the first time in its 31-year history, reporting a strong performance for the first half of 2026. For the six months ended 30 June, the Bank recorded a Profit After Tax of Rs. 2.5 billion, up 16% year-on-year, while Net Interest Income grew […]
