Yasas Hewage assumes duties as Chairman of IDB

Yasas Hewage assumes duties as Chairman of IDB

Yasas Hewage assumed duties as Chairman of the Industrial Development Board (IDB) on June 1 2026, taking leadership of one of Sri Lanka’s longest-standing enterprise development institutions with a proud legacy spanning 60 years. . Hewage brings nearly two decades of experience spanning banking and finance, business strategy, sales and marketing, entrepreneurship development, and sports […]

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Sri Lanka moves to strengthen regulatory framework

Sri Lanka moves to strengthen regulatory framework

Sri Lanka is taking significant steps to establish a comprehensive regulatory framework for Virtual Asset Service Providers (VASPs), as authorities work to align the country’s digital asset sector with international standards and best practices. The fourth meeting of the VASP Sub-Committee was held at the Central Bank of Sri Lanka on May 25, 2026, under […]

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EDB moves to expand islandwide testing and certification facilities

EDB moves to expand islandwide testing and certification facilities

The Sri Lanka Export Development Board (EDB) has taken steps to implement a comprehensive plan to expand testing and certification facilities across the island, addressing one of the most significant bottlenecks faced by the country’s export sector. A high-level stakeholder discussion was recently held in Colombo with the participation of government institutions, testing laboratories, certification […]

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VietJet Air Colombo office opened by ambassador of Vietnam to Sri Lanka

VietJet Air Colombo office opened by ambassador of Vietnam to Sri Lanka

VietJet Air officially marked the opening of its Colombo office at a special ceremony inaugurated by Trinh Thi Tam, Ambassador of Vietnam to Sri Lanka. The airline’s operations in Sri Lanka will be represented by its General Sales Agent (GSA) Andrew The Aviation Company (Pvt) Ltd under the leadership of its Chairman, Mahen Kariyawasan. The […]

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Binance Launches U.S. Stocks Trading and Previews bStocks Tokenized Securities

Binance Launches U.S. Stocks Trading and Previews bStocks Tokenized Securities

A major step in Binance’s vision to build a multi-asset financial super app for investing, trading, and on-chain finance Binance introduced U.S. equities trading, giving eligible users access to more than 7,000 U.S.-listed stocks and ETFs. The launch reflects Binance’s belief that financial inclusion grows meaningfully when access to opportunities becomes simpler and more integrated. […]

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Lanka must establish itself as attractive investment destination

Lanka must establish itself as attractive investment destination

The government’s success in stabilizing the economy has been overshadowed by the challenge of reforms essential for attracting quality investments. Such investments are vital for inclusive growth and competitive productivity in Sri Lanka’s economy, European Union Ambassador to Sri Lanka and Maldives Carmen Mareno opined at a recently concluded forum held in Colombo. “The  government […]

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National Cleaner Production Awards 2026 and Int’l Conference on November 6

National Cleaner Production Awards 2026 and Int’l Conference on November 6

Today, sustainability is no longer simply an option, but necessity. Around the world, industries are rapidly transforming to meet  new environmental and sustainability expectations, Thilaka Jayasundara, Secretary, Ministry of Industry and Entrepreneurship Development told  the National Cleaner Production Awards 2026 and the 4th International Conference on Resource Efficiency & Circular Economy launch held in Colombo […]

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Research and innovation key to Sri Lanka’s economic growth, – Prof. Ashoka Jayaweera Bandara

Research and innovation key to Sri Lanka’s economic growth, – Prof. Ashoka Jayaweera Bandara

Strengthening Sri Lanka’s research and innovation sector is essential for achieving long-term economic prosperity, according to Prof Ashoka Jayawira Bandara, an inventor and academic who holds eleven world patents for new discoveries. Currently, based in the United Kingdom, Prof. Bandara is engaged in research across several institutions including Kingston University. Speaking at a special discussion […]

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MAC Holdings contributes Rs. 5 million to ‘Rebuilding Sri Lanka’ Fund

MAC Holdings contributes Rs. 5 million to ‘Rebuilding Sri Lanka’ Fund

MAC Holdings (Pvt) Ltd. contributed Rs. 5 million to the Government’s ‘Rebuilding Sri Lanka’ Fund, established to support communities affected by Cyclone Ditwah. The cheque was officially handed over at the Presidential Secretariat by the Managing Director of MAC Holdings (Pvt) Ltd. Andre Fernando, to the Secretary to the President, Dr. Nandika Sanath Kumanayake. The […]

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