Category Archives: Economy

ComBank launches world-first LoungeKey access with UnionPay Asia Prestige

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COLOMBO, September 7 (ePRESS) – The Commercial Bank of Ceylon PLC has become the first bank in the world to link LoungeKey airport lounge access to the UnionPay Asia Prestige programme, offering unmatched travel benefits to its premium credit card holders. Through this partnership, ComBank’s UnionPay Asia Prestige Diamond and Asia Prestige Platinum cardholders can…

Ambiguity grips Colombo Bourse as volatility weighs on investors

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COLOMBO, Sept 4 (ePRESS) – The Colombo Stock Exchange closed on a cautious note on Thursday as heavy intraday volatility left investors uncertain, despite the All-Share Price Index (ASPI) ending marginally higher at 20,992, up 16 points. The market saw early gains with the index peaking by mid-afternoon before sliding sharply, reflecting a mix of…

Japanese “WOW” Technology comes to Sri Lanka

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COLOMBO, Sept 4 (ePRESS) – One of Japan’s most innovative and health-focused technologies, Water Optimizing Waves (WOW), has been introduced to Sri Lanka for the first time. WOW is a 100-year-old Japanese tradition of paper-bag vacuum technology that delivers health benefits for people of all ages without complications, said Tanaka Hisao, founder, CEO and inventor…

Sri Lanka launches robotics drive to empower farmers

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COLOMBO, Sept 4, 2025 (ePRESS) – The National Enterprise Development Authority (NEDA), working under the Ministry of Industries and Enterprise Development, together with NSBM Green University, has launched a new program titled “Colombo Robotics Meetup 2025.” The initiative, announced today at a media briefing in Colombo, is aimed at transforming traditional farmers into “Smart Farmers”…

Voyage Sri Lanka 2025 Marine Summit to spotlight Blue Economy

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COLOMBO, Sept 4, 2025 (ePRESS) – The Voyage Sri Lanka 2025 International Marine Summit, organized by the Sri Lanka Export Development Board (EDB), will take place on October 16 at the Kingsbury Hotel, Colombo, drawing global attention to the island’s marine economy. Organisers announced that the early bird registration deadline has been extended, with a…

CA Sri Lanka honours Inland Revenue Chief for service to tax administration

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COLOMBO, Sept 4 (ePRESS) – The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) held a special felicitation ceremony on September 1 to honour R. P. H. Fernando, Commissioner General of the Department of Inland Revenue, continuing its longstanding tradition of recognising national leaders in finance. CA Sri Lanka President Heshana Kuruppu reaffirmed…

Illegal tobacco trade drains revenue, endangers lives: IPS report

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COLOMBO, September 4 (ePRESS)  – A new study by the Institute of Policy Studies of Sri Lanka (IPS) has revealed that cigarette smuggling takes place in different forms across the country and urgent measures are needed to stop it. The study stressed that better understanding of smuggling channels is vital to protect public health, increase…

Lankapak 2025 set to showcase South Asia’s packaging industry in October

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COLOMBO, Sept 4, 2025 (ePRESS) – The 26th edition of South Asia’s premier packaging, processing, printing, plastics and paper exhibition, Lankapak 2025, will be held from October 23 to 25 at the BMICH, organizers announced. The event is organized by the Sri Lanka Institute of Packaging in collaboration with CDC Events, with support from both…

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