Media reports indicate that National Development Bank (NDB) is preparing to engage a foreign specialist firm to recover funds and digital assets identified through a forensic audit into the massive internal financial fraud amounting to Rs. 13.69 billion at NDB. Meanwhile, it is also reported that the final forensic audit report prepared by Deloitte Touche […]
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The Cabinet of Ministers has approved awarding of a contract to build the internal wastewater collection network and pumping system at the Textile Manufacturing Investment Zone in the Punnai Kuda area of the Eravurpattu Divisional Secretariat Division, Batticaloa District. On 2 November 2020, the Cabinet had earlier approved the development of infrastructure facilities in the […]
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The Sri Lanka Export Development Board (EDB) held an SME Awareness Creation Forum at the Trincomalee District Secretariat on 1 October 2026, aiming to help small and medium enterprises (SMEs) in the Eastern Province break into export markets. Organised by the EDB under the Ministry of Industry and Entrepreneurship Development, the forum was designed to […]
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People’s Bank has secured four accolades at the 4th Commonwealth Business Excellence Awards 2026, earning international recognition for its excellence across banking, digital innovation, youth and student banking, and SME services. The Bank was recognised with four awards: Best Banking Brand of the Year, Best Bank for Youth and Students, Best Bank in Digital Banking, […]
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The Expolanka Leisure Cluster secured seven awards at the National ICT Awards – NBQSA 2026, including two Gold, one Silver, two Bronze and two Merit Awards, marking a significant achievement for the cluster and recognising its continued investment in technology, innovation and digital solutions across its travel and visa businesses. Leading the recognition, Classic Travel […]
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Earnings from Sri Lankan apparel exports declined by 7.4% in August 2026 compared to the corresponding month in the previous year. Central Bank of Sri Lanka export figures revealed that earnings fell to 434.8 million US dollars in August 2026, down from 469.6 million US dollars recorded in August 2025. Cumulative apparel export earnings for […]
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The new product stack brings together Binance AI, Binance AI Pro, and Binance Agent OS to help people understand financial information, turn ideas into strategies, and build on Binance During a livestreamed event held recently, Binance Co-CEO Richard Teng and VP of Product Jeff Li unveiled Binance Intelligence, an AI product stack built into the […]
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Sri Lanka’s tourism sector has crossed the 1.7 million arrival mark for 2026, with over 23,000 visitors registered during the first four days of October, but arrivals remain about 2% below last year’s pace as the industry enters its crucial winter season. According to the latest data released by the Sri Lanka Tourism Development Authority […]
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The CSE indicated very dull and but volatile conditions yesterday as external and internal environmental factors continued to clog stock trading, market analysts said. Both indices reflected downward trends. The All Share Price Index went down by 151.47 points while the S and P SL20 declined by 32.27 points. Turnover stood at Rs 3.16 billion […]
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The officials of the Export Development Board (EDB) have taken measures to promote the upcoming Sri Lanka Expo scheduled to be held from 14 th to 17 January 2027. Mangala Wijesinghe, Chairman and Chief Executive Officer of the EDB together with the Director General and a team of senior officials, recently met with Hanif Yusoof […]
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