India will provide a USD 450 million package to assist in the reconstruction of areas affected by Cyclone Ditvah in Sri Lanka, Indian External Affairs Minister Dr. S. Jaishankar announced. Addressing the media, Dr. Jaishankar stated that the package comprises a USD 350 million concessionary line of credit and USD 100 million in grants, aimed…
The presentation of certificates and the signing of the associated Memorandum of Understanding (MoU) for the allocation of funds to nine projects selected from proposals submitted during the first three months of this year under the National Initiative for the Commercialisation of Research and Development (NIRDC), was held yesterday morning (22), at the Presidential Secretariat….
The Hatton National Bank PLC (HNB PLC) commemorated raising LKR 10 Bn with its first ever issuance of sustainable bonds by way of a market opening ceremony conducted on the trading floor of the Colombo Stock Exchange (CSE) last week. The 9th December issuance of 100 Mn listed, rated, unsecured senior sustainable bonds, in five…
Cyclone Ditwah, which struck Sri Lanka in late November, has caused an estimated US$4.1 billion in direct physical damage to buildings and contents, agriculture and critical infrastructure, according to a World Bank Group Global Rapid Post-Disaster Damage Estimation (GRADE) report released today. This damage is equivalent to about 4 percent of Sri Lanka’s GDP. The cyclone, among…
Vidullanka PLC has emerged as the lowest-cost bidder for the Engineering, Procurement and Construction (EPC) contract for the expansion and upgrading of a 100 kilowatt mini hydropower facility at Buca Village in the Fiji Islands. In a corporate disclosure to the Colombo Stock Exchange, the company said the determination was made on December 19, 2025….
The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has decreased to 2.4% in November 2025, compared to 2.7% in October 2025, according to the latest data released by the Department of Census and Statistics. Meanwhile, food inflation has decreased to 3.6% in November compared to 4.1% in October while…
Sri Lanka’s export sector has continued its strong upward trajectory, recording a significant 5.8 % y-o-y growth during the period from January to November 2025. Based on Sri Lanka Customs statistics and estimated export figures for Gems & Jewellery, Petroleum Products and services, total exports reached US$ 15,776.36 Mn, the performance signals sustained growth and…
The Asian Development Bank (ADB) has approved a $3 million grant to help address water shortages in Sri Lanka’s Northwestern and Uva provinces by constructing modern pipe distribution network (PDN) systems. The project will provide irrigation to 877 hectares (ha) of farmland, supporting improvements in the country’s agriculture sector. The Transforming Irrigation Systems for Improved Food…
The Colombo Stock Exchange (CSE) announces the following change in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2025 Year End rebalance. The exclusion and inclusion as announced by S&P Dow Jones Indices, effective from 22nd December 2025 (after the market close of 19th December 2025) are presented below….
Ceylon Cold Stores PLC (CCS), a subsidiary of John Keells Holdings PLC, has launched its iconic Elephant House Ice Cream in Australia, marking a bold step in the brand’s global expansion. The official unveiling took place on 4th December 2025 at the Novotel Melbourne Glen Waverley, where industry leaders, local distributors, and strategic partners gathered…
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