Sri Lanka’s textile and apparel industry has always leaned on two things to justify its place in the global supply chain: quality and compliance. Sri Lanka’s textile and apparel industry has long relied on quality and compliance to justify its place in the global supply chain. But that old formula is starting to wear thin….
By Prof. Samitha Hettige Chinese Leader President Xi Jinping delivered the keynote speech opening the 2026 World Artificial Intelligence (AI) Conference & High-Level Meeting on Global AI Governance in Shanghai held from 17 – 20 July & the speech clearly indicates China’s willingness to promote inclusivity & reject of hyper imperialism. Addressing the event attended…
Rajitha Kariyawasan Managing Director, Haycarb PLC “The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man.” – George Bernard Shaw The world is in the midst of a profound shift. The accelerating transition toward electrification in transport,…
By Prof. Samitha Hettige The plot of US TV series ‘Prison Break’ was about a man wrongly sentenced to death & how his brother plans to get imprisoned in the same prison to break them both out. Critiques highlight clever plots & intense drama capturing the essence of a high stakes escape (Ref. Media). After…
Developing Asia remained the world’s largest destination for foreign direct investment (FDI) among developing regions in 2025. But the region’s significance increasingly lies not only in the volume of investment it attracts, but also where within the region that investment is going. That shift matters for development because FDI can help economies move into higher-value…
The Price Index for New Condominiums in the Colombo District reached 284.4 in the first quarter of 2026, marking a significant year-on-year increase of 18.5 percent. Despite this price appreciation, the Condominium Property Sales Volume Index experienced a year-on-year decrease of 15.2 percent, indicating a slowdown in market activity across Colombo and other major cities….
Economic confidence edges up although the future is being viewed with caution Confidence in the economy improved marginally in June as the corporate community adopted a cautiously optimistic outlook – despite persistent concerns over rising costs, geopolitical tensions and broader economic uncertainties. THE ECONOMY The latest LMD-PEPPERCUBE Business Confidence Index (BCI) survey, conducted in the…
Oil palm cultivation in Sri Lanka has for many years been surrounded by strong public debate. Among the most common allegations is that oil palm degrade soil, accelerates erosion, loss of understory biodiversity and weakens the environmental health of plantation landscapes. These concerns must not be dismissed lightly, because soil functions as the vital matrix…
Fitch Ratings: Institutional investor engagement across Asia in June 2026 reveals a strong focus on structural and increasingly embedded risks, Fitch Ratings says. Artificial intelligence (AI) disruption, private credit expansion and sovereign risk have dominated conversations among leading investment teams and official-sector participants in Hong Kong, Seoul, Singapore and Tokyo. AI and digital infrastructure overspend…
The external sector performance continued to reflect the impact of the war in the Middle East, with the current account recording a deficit for the second consecutive month in May 2026. The external current account recorded a deficit of US$ 194 million in May 2026, mainly driven by the widened trade deficit, a moderation in…
Video Story
