The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has decreased to 2.4% in January 2026, compared to 2.9% in December 2025, according to the latest data released by the Department of Census and Statistics. Meanwhile, food inflation has decreased to 3.4% in January 2026 compared to 4.4% in December…
TWC Capital (PVT) LTD, the corporate financial advisory arm of TWC Holdings, acted as the exclusive buy-side financial adviser to CBL Group on its acquisition of PT Tri Jaya Tangguh Indonesia (TJT), a large-scale coconut processing facility in Indonesia, with an investment exceeding USD 25 million. This transaction marks TWC Capital’s third cross-border mergers and…
The Court of Appeal intervened in the escalating controversy over whether foreign tourists may lawfully drive tuk-tuks in Sri Lanka using International Driving Permits together with covering permits issued under Sri Lankan law. In C.A. (Writ) 1154/25, Hon. Justice Dhammika Ganepola and Hon. Justice Adithya Patabendige granted Interim Orders preserving the existing legal framework and restoring…
Sri Lanka Tourism Promotion Bureau (SLTPB ) will be kicking off its exclusive promotional activities at the ITB 2026 , scheduled to be held in Messe , Berlin . This Prestigious event, in which Sri Lanka has been a regular participant over the years, will be held from 3rd to 5th of March 2026 . …
Two Sri Lankan beaches — Mirissa Beach and Bentota Beach — have been ranked among Asia’s leading coastal destinations in the 2026 Travelers’ Choice Awards Best of the Best Beaches list released by Tripadvisor. Mirissa Beach secured fifth place on the prestigious list, while Bentota Beach was ranked seventh among Asia’s most celebrated beaches. According…
MAS Holdings has announced plans to repurpose its Methliya facility at the MAS Fabric Park as part of a strategic shift to strengthen fabric manufacturing capabilities amid a prolonged downturn in global apparel demand. In an announcement made to employees on 19 February 2026, the company said the Methliya premises will be converted to support…
The Securities and Exchange Commission of Sri Lanka (SEC) and the Sri Lanka Accounting and Auditing Standards Monitoring Board (SLAASMB) enhanced cooperation in the oversight of financial reporting and auditing standards by signing a Memorandum of Understanding (MOU) recently. The MOU was signed by Senior Prof. D.B.P.H. Dissabandara, Chairman of the SEC, and Mrs. K.M.A.N….
The Sri Lanka Export Development Board (EDB) recently organized a specialized training program for potential exporters and small and medium-scale entrepreneurs at the EDB premises. The program was held under the theme “Beyond Borders: Incoterms, Risk Management and Strategies for Competitiveness in International Trade”. Addressing the gathering, EDB Chairman Mangala Wijesinghe revealed that a five-year…
Gulf Air, the national carrier of the Kingdom of Bahrain, has announced an increase in flight frequencies between Bahrain and Colombo, expanding from daily operations to 10 flights per week effective 19 February 2026. The enhanced schedule comes in response to heightened travel demand during the upcoming Ramadan and Eid festive season — traditionally a…
Prime and Melwa, two Sri Lankan business powerhouses, have joined forces to mark a defining milestone in Sri Lanka’s most ambitious urban development initiative. The partnership has secured one of Port City Colombo’s best marina front land parcels, spanning over four acres and overlooking the stunning Indian Ocean. The site is set to host a…
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