Business News

Meta Settles Child Harm Claims for Up to $16.68 Billion

Wednesday, 26 August 2026 - 20:07

Meta Platforms agreed to pay a maximum $16.68 billion and make major changes to Facebook and Instagram to resolve claims by states across the U.S. that... Read More

Sri Lanka to host SEARIC Summit 2026 for first time

Wednesday, 26 August 2026 - 16:11

Sri Lanka will host the SEARIC Summit 2026 from September 11 to 13 at Pegasus Reef Hotel, marking the first time the country will host the flagship regional... Read More

Perituza launches AI framework in SL to drive business growth

Wednesday, 26 August 2026 - 15:52

Perituza Software Solutions, a Texas-based consultancy specializing in custom AI and software development, has announced the launch of its AI Assessment... Read More

Sri Lanka FinTech Festival to position country as emerging digital finance hub Sri Lanka is set to strengthen its position in the regional digital finance landscape with the inaugural Sri Lanka FinTech Festival 2026, organised by the FinTech Forum Sri Lanka in collaboration with the Ministry of Digital Economy. The two-day flagship event will be held on November 2 and 3 at Shangri-La Colombo. The Festival was officially announced at a press conference at Amari Colombo, where organisers also unveiled its official website. The Festival aims to bring together Sri Lanka’s growing fintech and digital finance ecosystem, showcase local capabilities and connect stakeholders with regional and global developments in financial technology. It is also expected to encourage stronger public-private collaboration, increase visibility for Sri Lankan fintech innovation and deepen engagement with international digital finance markets. Sri Lanka has already established important digital finance infrastructure and capabilities. The Festival will provide a platform to highlight these developments and demonstrate the country’s readiness to participate in the next phase of financial innovation. The programme will focus on four key themes: the future of FinTech; building unicorns and modernisation; sustainable and inclusive FinTech; and security and fraud. Discussions will examine developments shaping the regional and global fintech landscape, including digital finance policy and regulation, regulatory sandboxes, digital assets, cross-border payments and remittances, artificial intelligence in finance, tokenisation, digital public infrastructure and digital identity, financial inclusion, SME finance and tourism payments. The Festival will commence on November 2 with CEOs Night, an invitation-only gathering of banking and fintech CEOs, members of the FinTech Forum Board and Advisory Committee, speakers, government representatives and officials of the Central Bank of Sri Lanka. On November 3, the Sri Lanka FinTech Expo will bring together more than 500 participants for a full-day programme featuring keynote addresses, expert panel discussions and a FinTech and Solution Provider Exhibition. The exhibition will provide businesses with an opportunity to showcase their technologies and solutions to industry leaders and potential partners. The Festival will conclude with FinTech Night, a networking reception for participants and invited guests. Speaking at the press conference were Deputy Minister of Digital Economy Eng. Eranga Weeraratne, Chief Advisor to the President on Digital Economy Dr Hans Wijayasuriya, Secretary to the Ministry of Digital Economy Waruna Sri Dhanapala, FinTech Forum Chairman Channa de Silva and Vice Chairman Conrad Dias. The event was attended by representatives from the Government, banking and financial services sector, fintech and technology industries, Festival organisers and the media.

Wednesday, 26 August 2026 - 15:41

Sri Lanka is set to strengthen its position in the regional digital finance landscape with the inaugural Sri Lanka FinTech Festival 2026, organised by... Read More

Insurance summit highlights role of industry in economic confidence

Wednesday, 26 August 2026 - 15:32

The Sri Lanka International Insurance Summit (SLIIS) 2026 concluded in Colombo following three days of high-level discussions on strengthening the role... Read More

Bill Gates raises AI concerns, seeks talks with China’s Xi

Wednesday, 26 August 2026 - 15:15

Bill Gates is looking to meet with Chinese President Xi Jinping later this year, eager to propose global efforts to mitigate the growing ‌risks posed... Read More

Huawei, HP sign multi-year Wi-Fi patent licensing deal

Wednesday, 26 August 2026 - 15:02

China's Huawei Technologies said on Wednesday it had reached a multi-year cross-licence agreement with HP Inc, covering ‌patents used in Wi-Fi... Read More

SpaceX plans largest-ever launch site in Louisiana

Wednesday, 26 August 2026 - 8:50

Multi-billionaire Elon Musk's rocket company SpaceX has announced that it will build its largest launch site yet in the southern US state of Louisiana.Construction... Read More

Ceylinco Life retains position as Lanka’s most valuable insurance brand

Tuesday, 25 August 2026 - 17:35

Ceylinco Life has retained its position as Sri Lanka’s most valuable insurance brand in the 2026 Brand Finance ranking of the country’s 100... Read More

WSO2 opens first Africa office

Tuesday, 25 August 2026 - 17:26

WSO2, a leader in enterprise digital infrastructure technology, has opened its first Africa-based office in Johannesburg, South Africa, as the continent... Read More

ASPI slips 0.31% amid lacklustre trading

Tuesday, 25 August 2026 - 17:21

The Colombo Stock Exchange (CSE) ended lower today, with the All-Share Price Index (ASPI) declining 0.31% to close at 21,279.65, while the more liquid... Read More

PR Wire named South Asia’s Best Consultancy to Work For

Tuesday, 25 August 2026 - 17:05

PR Wire Sri Lanka, a strategic public relations consultancy and member of the Wire Communication Consultancy Holdings group, has been named Best Consultancy... Read More

Colombo hosts UN Global Compact’s flagship Asia-Pacific sustainability forum

Tuesday, 25 August 2026 - 16:57

More than 200 senior business leaders, policymakers, investors, sustainability practitioners and United Nations representatives gathered in Colombo on... Read More

AMW wins Silver at Dragons of Sri Lanka for Nissan Gravite campaign

Tuesday, 25 August 2026 - 16:51

Associated Motorways (Private) Limited (AMW) has won a Silver award at the Dragons of Sri Lanka 2026 for its Nissan Gravite launch campaign, recognising... Read More

NSB ranks among Sri Lanka’s five most valuable brands

Tuesday, 25 August 2026 - 16:46

National Savings Bank (NSB) has been recognised among the five most valuable brands in Sri Lanka in Brand Finance’s latest Sri Lanka 100 brand valuation... Read More

Prime Residencies celebrates hand over of The Palace Gampaha

Tuesday, 25 August 2026 - 16:22

Prime Lands Residencies PLC, the real leader in the modern real estate, the condominium development arm of Prime Group, has reached another significant... Read More

Sri Lanka tea exports decline in July

Tuesday, 25 August 2026 - 16:16

Sri Lanka’s tea exports declined in July 2026, with shipments falling to 20.41 million kilogrammes, down 3.63 million kilogrammes from 24.04 million... Read More

Tourist arrivals surpass 1.5 Mn in 2026

Tuesday, 25 August 2026 - 16:10

Sri Lanka’s tourist arrivals surpassed the 1.5 million mark by August 25, 2026, with India continuing to dominate the country’s key source... Read More

Dr. Prasad Samarasinghe appointed Chairman of HNB Finance

Tuesday, 25 August 2026 - 14:30

Dr. Talpawila Kankanamge Don Aruna Prasad Samarasinghe has been appointed Chairman of HNB Finance with effect from August 28, 2026, following the retirement... Read More

Chandana Guniyangoda appointed Chairman of People’s Bank

Tuesday, 25 August 2026 - 14:07

Chandana Guniyangoda assumed duties as the new Chairman of People’s Bank on August 25, 2026, at a ceremony held at the Bank’s Head Office.The... Read More