Over USD 25 million investment Plans underway to expand exports to Europe and the United States CBL Group, one of Sri Lanka’s largest diversified food manufacturing conglomerates, announced the strategic acquisition of PT Tri Jaya Tangguh Indonesia (TJT), a large coconut processing facility, with an investment of over USD 25 million. TJT has a workforce…
Prime Minister Dr. Harini Amarasuriya has held discussion with Kristalina Georgieva, the Managing Director of the International Monetary Fund, in Davos, Switzerland. Minister of Labour and Deputy Minister of Finance Dr. Anil Jayantha Fernando also participated in the discussion.
Export Development Board (EDB) recently held the National Consultative Forum on the Strategic Export Development Roadmap 2026-2030 at its head office. As the nation’s premier export promotion organization, the EDB is currently formulating the National Export Development Plan to guide Sri Lanka’s export-led economic transformation over the next five years. The objective of the forum…
Sri Lanka’s apparel industry reaffirmed its leadership in ethical manufacturing at a high-level forum held in Colombo on 13 January 2026, where local and international experts gathered to examine how social sustainability can strengthen the country’s export competitiveness. Hosted at the Taj Samudra, the event brought together representatives from WRAP (Worldwide Responsible Accredited Production), Intertek…
(Reuters) – Gold prices surged to a record high above $4,800 per ounce on Wednesday, buoyed by safe-haven demand and a softer dollar as U.S. President Donald Trump’s pursuit of Greenland threatened to reignite a trade war with Europe and upend the NATO alliance. Spot gold rose 1.2% to $4,821.26 per ounce by 0226 GMT,…
Prime Minister Dr. Harini Amarasuriya has held discussions with the President and Chairperson of the Board of Directors of the Asian Development Bank (ADB), Masato Kanda in Davos, Switzerland. The meeting took place on the sidelines of the 2026 World Economic Forum (WEF) at the WEF Congress Centre in Davos-Klosters. Sri Lanka’s ongoing reform agenda,…
Sri Lanka’s top notch insurer Softlogic Life Insurance PLC has secured a USD 15Mn landmark 5-year Tier 2 loan facility from Norfund and OP Finnfund Global Impact Fund I, that will be the initial part and set the next phase of growth for the immensely successful life insurer that has established itself as the industry…
Sri Lanka’s economic growth is expected to moderate in 2026, though the overall outlook remains positive on the back of political stability, policy continuity and ongoing reforms, according to a Global Focus country briefing by Standard Chartered Bank. The bank forecasts GDP growth of 3.5% in 2026, easing from an estimated 4.5% in 2025, with…
(ANI): Madhya Pradesh government on Tuesday met Sri Lankan conglomerate Krishan Balendra, Chairman of John Keells Holdings PLC, on the sidelines of the World Economic Forum in Davos. As per a release from the MP Government, the discussions covered possible opportunities in Madhya Pradesh in the logistics, hospitality, food processing, and tourism sectors, and shared…
Mogo Studios has officially released the trailer for The Secret of the Moonstone, marking a historic milestone as Sri Lanka’s first fully produced animated feature film created for a global audience. The film is scheduled for worldwide theatrical release in 2026 and has already been submitted to several prestigious international film and animation festivals. Produced…
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