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Business Today Sri Lanka Magazine - May 2025

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In this issue

President Anura Kumara Dissanayake and Indian Prime Minister Narendra Modi outlined several development plans to improve the country.

Prime Minister Narendra Modi interacted with the 1996 Sri Lankan Cricket Team in Colombo. During the candid interaction, the cricketers expressed happiness and gratitude to meet the Prime Minister.

Dr. A A Mohamed Haroon, Chairman of Colombo Medilab, has driven an institution that started when they were scarce in the country with a patient-first philosophy, investment in innovation, and a legacy of consistent quality; he says those truly differentiate them.

With gold continuing to make headlines into 2025, the BestBrokers team set out to research the demand for gold by central banks in 2024.

Manik Jayakumar’s journey through the tea industry spans continents, decades, and a remarkable transformation—from a young assistant manager in the plantations of Ceylon to the founder of the largest organic tea importer in North America.

Prime Minister Narendra Modi addressed the News18 Rising Bharat Summit at the iconic Bharat Mandapam, New Delhi, reaffirming his government’s commitment to empowering India’s youth and accelerating the nation’s development trajectory.

Richard Simon’s Thomia finally arrived in 2025, and it stands as a historic achievement. This two-volume, 935-page opus is the culmination of nearly a twelve-year journey— a labor of love and determination to recount the history of a prestigious Christian boys’ school, St. Thomas’s College, Mount Lavinia, exploring its legacy through the eyes of the innumerable men connected to it, both near and far.

President Anura Kumara Dissanayake and Indian Prime Minister Narendra Modi

Indian Prime Minister Narendra Modi conferred with the highest Sri Lankan honor, the 'Sri Lanka Mitra Vibhushana, by President Anura Kumara Dissanayake.

9 mins

Prime Minister Modi's Special Interaction with 1996 Sri Lankan Cricket Team

Prime Minister Narendra Modi interacted with the 1996 Sri Lankan Cricket Team in Colombo. During the candid interaction, the cricketers expressed happiness and gratitude to meet the Prime Minister.

2 mins

Forging Ahead in the Diagnostic Ecosystem

Dr. A A Mohamed Haroon, Chairman of Colombo Medilab, has driven an institution that started when they were scarce in the country with a patient-first philosophy, investment in innovation, and a legacy of consistent quality; he says those truly differentiate them.

10+ mins

People's Bank Presents Annual Report to the Minister of Labor and Deputy Minister of Economic Development

People's Bank Chairman Prof. Narada Fernando presented the People's Bank's Annual Report for the year 2024 to Dr. Anil Jayantha Fernando, Minister of Labor and Deputy Minister of Economic Development.

1 mins

Bank of Ceylon Triumphs as Champions at DMASL Quiz 2025

The Bank of Ceylon (BOC) continues to set new benchmarks of excellence, emerging victorious at the highly competitive DMASL Quiz 2025.

1 mins

People's Bank Pulmoddai Branch Relocates

People's Bank celebrated the relocation of its Pulmoddai branch to a new and improved facility, marking another milestone in its commitment to delivering enhanced banking services.

1 mins

People's Bank Introduces Affinity Credit Card for Bandaranayake College OBA

People's Bank has unveiled a new Affinity Credit Card in partnership with the Old Boys' Association (OBA) of Bandaranayake College, Gampaha. Clive Fonseka, CEO and GM, People's Bank; Kasun Gunarathne, Principal of Bandaranayake College and President of the OBA; Air Chief Marshal (Retired) Udeni Rajapaksa, a distinguished alumnus; and Sachthra Praba, Executive Secretary of the OBA and several other representatives attended the event.

1 mins

DFCC Bank introduces Sri Lanka's First ten-day Express Home Loan

DFCC Bank has launched Sri Lanka's first fast-tracked housing loan, DFCC Express Home Loans.

1 mins

Gold's 2024-2025 Rally: Mapping Central Banks' Demand for the Precious Metal in 2024

In February 2025, gold prices reached unprecedented levels, with spot gold trading at above USD 2,940 per troy ounce as of February 19, an increase of around 50 percent within just a year.

8 mins

HNB and RDA Introduces Card Payment on Expressways

HNB partnered with the Road Development Authority (RDA) to launch Sri Lanka's first card-based toll payment system, improving commuter convenience.

1 mins

People's Bank Honored at Best Management Practices Company Awards 2025

People's Bank showcased its commitment to excellence by winning several awards at the Best Management Practices Company Awards 2025, hosted by CPM Sri Lanka.

1 mins

NDB Bank Hosts Exporter's Forum to Empower and Elevate Sri Lanka's Businesses

NDB Bank hosted Exporter's Forum by bringing together a distinguished audience of exporters and key stakeholders to engage in insightful discussions centered around exporter development and the strategic role of NDB's Business Banking services in accelerating growth.

1 mins

Dialog Sets a New Record with Download Speeds Exceeding 6Gbps

Dialog Axiata, in collaboration with Huawei and Samsung, has achieved a significant milestone in its 5G journey by demonstrating 6.2 Gbps speeds on its 5G Standalone (5G SA) Ready network - the fastest ever recorded in Sri Lanka on a commercial smartphone, Samsung Galaxy S25 Ultra.

1 mins

A Doyen of Tea Speaks

Manik Jayakumar's journey through the tea industry spans continents, decades, and a remarkable transformation—from a young assistant manager in the plantations of Ceylon to the founder of the largest organic tea importer in North America. His story is rooted in the misty hills of Sri Lanka and branches into the dynamic, health-conscious tea markets of the United States.

5 mins

HNB Enhances Digital Payment Accessibility by Removing MDR on LankaQR Transactions

HNB has eliminated Merchant Discount Rates (MDR) for LANKAQR transactions at its appointed merchants, aiming to enhance the accessibility and cost-effectiveness of digital payments in Sri Lanka.

2 mins

HNB's Gami Pubuduwa Avurudu Pola 2025

HNB hosted the Gami Pubuduwa Avurudu Pola 2025, a vibrant platform for 150 micro-entrepreneurs from across the country to exhibit and sell their products.

1 mins

Prime Minister Modi at Rising Bharat Summit: A Decade of Transformation, A Future of Aspiration

Prime Minister Narendra Modi addressed the News18 Rising Bharat Summit at the iconic Bharat Mandapam, New Delhi, reaffirming his government's commitment to empowering India's youth and accelerating the nation's development trajectory.

3 mins

Over 40 percent of Dogecoin millionaires wiped out since Elon Musk began D.O.G.E.

Elon Musk has become so closely linked with Dogecoin (DOGE) that he decided to embed the joke into the name of his new and semi-government agency: Department of Government Efficiency (D.O.G.E.).

2 mins

People's Leasing and INDRA Traders Join Forces to Offer Enhanced Leasing Solutions

People's Leasing & Finance has signed a Memorandum of Understanding (MOU) with INDRA Traders.

2 mins

Forty-eight percent of all 2025 unicorns work in AI sector

When the term 'unicorn' was first coined in 2013 to describe privately owned startups with a valuation of more than USD 1 billion, there were an estimated 39 such companies worldwide.

2 mins

People's Leasing partners with DIMO to offer Leasing Solutions for TATA Range Commercial Vehicles

People’s Leasing and Finance has signed a Memorandum of Understanding (MoU) with DIMO to provide flexible and accessible leasing solutions for the TATA range of commercial vehicles.

1 mins

People's Bank launches 'Vanitha Vasana Credit Card'

People's Bank unveiled the 'Vanitha Vasana VISA Platinum Credit Card'.

1 mins

Thomia: A Celebration of History, Resilience, and Unflinching Truth

Richard Simon's Thomia finally arrived in 2025, and it stands as a historic achievement. This two-volume, 935-page opus is the culmination of nearly a twelve-year journey— a labor of love and determination to recount the history of a prestigious Christian boys' school, St. Thomas's College, Mount Lavinia, exploring its legacy through the eyes of the innumerable men connected to it, both near and far.

6 mins

SLT-MOBITEL honored as Sri Lanka's Fastest 4G Network at Mobile World Congress 2025

SLT-MOBITEL was recognized as the country's fastest 4G network by Ookla for 2024, the global leader in internet testing and analysis.

1 mins

People's Bank Kayts Branch and Palaly Service Centre Open at New Locations

People's Bank relocated its Kayts Branch and Palaly Service Center to new, modern premises, further strength-ening its regional service offerings.

1 mins

BOC Cards powering Sri Lanka's Cashless Future

As Sri Lanka accelerates toward a digital economy, the Bank of Ceylon (BOC) is a driving force in reshaping how people manage money.

1 mins

People's Leasing Kandy introduces QR Code to enable Real-Time Public Engagement

The Kandy Municipal Council (KMC) introduced a Quick Response Code (QR Code).

1 mins

BOC exceeds 666 billion rupees in Avurudu Transactions

BOC reaffirmed its leadership in banking services by facilitating over 666 billion rupees in customer transactions during the Avurudu season 2025.

1 mins

National Savings Bank appoints Ajith Akmeemana as Chief Financial Officer

NSB has appointed Ajith. Akmeemana's as its Chief Financial Officer (CFO).

1 mins

Vision Care wins Best Management Practices Company Awards 2025

Vision Care won the 'Best Management Practices Company Awards 2025' in the Eye Care and Hearing Aid Services category.

1 mins

Read all Stories from Business Today Sri Lanka

Business Today Sri Lanka Magazine Description:

Publisher: BT-Options

Category: Business

Language: English

Frequency: Monthly

The magazine of the corporate world, Business Today features an interesting line-up of interviews with eminent personalities who impact the corporate, commercial and economic sectors. The monthly magazine also includes exclusive articles syndicated from the Harvard Business Review and Financial Times. It has also featured the monthly columns by Richard Branson and Howard Schultz. International interviews featured include Sir Richard Branson, Paul Allen, Howard Schultz, Omar Bin Laden and Sir Jonathan Ive. Articles penned by President Barack Obama and Vice President Joe Biden Jr. have also been featured in the magazine.