Two students who went for a bath in Negombo sea missing

Softlogic Life completes 100% acquisition of Allianz Life Insurance Lanka

Softlogic Life Insurance PLC has successfully completed the acquisition of 100% of the shares of Allianz Life Insurance Lanka Limited (Life Business), following the receipt of regulatory approval from the Insurance Regulatory Commission of Sri Lanka (IRCSL). The transaction marks a significant milestone, following the initial announcement on 26th March 2025. Softlogic Life recorded Gross Written Premiums (GWP) of Rs. 31,574 billion as at Dec 2024 with a market share of 17.2% and continued the

11 Jul, 2025

UK unveils reforms to simply imports from countries like Sri Lanka

The UK government unveiled a package of reforms to simplify imports from developing countries like Sri Lanka. Upgrades to the Developing Countries Trading Scheme (DCTS) make it easier for businesses to trade with the UK and help lower prices on the UK high street. The changes, announced as part of the UK’s wider Trade for Development offer, aim to support economic growth in partner countries including Sri Lanka while helping UK businesses and consumers access high-quality, affordable goods.  T

11 Jul, 2025

Exporters urge Sri Lankan Government to uphold transparent trade practices

The Joint Chambers of Commerce urged the Government of Sri Lanka to engage in meaningful consultation with all recognized industry chambers before making decisions that directly impact trade, exports, and the wider economy. The call comes in response to renewed lobbying efforts by certain shipping agents and intermediaries seeking to reintroduce anti-competitive terminal handling charges (THC) through misleading claims to policymakers. At the recent AGM of the Sri Lanka Association of NVOCC Ag

09 Jul, 2025