Vietjet Air, Vietnamese new-age hybrid airline, has announced its first direct service connecting Colombo to Ho Chi Minh City at the Sri Lanka – Vietnam Trade, Investment and Tourism Cooperation Forum. The announcement took place in the presence of General Secretary and President of Vietnam To Lam, Prime Minister of Sri Lanka Harini Amarasuriya, and…
The Colombo Stock Exchange (CSE) marked a significant recovery on Friday, 8 May 2026, as the All Share Price Index (ASPI) reclaimed the psychological 23,000 threshold. Intra-day charts showed the index gaining momentum throughout the session, briefly peaking near 23,100 before settling slightly lower. At the close of trading, the market indices reached the following…
In the past fifteen years, Vietnam has become a prime example of how trade policy can drive industrial growth, particularly in the apparel sector. This transformation is the result of a strategic focus on Free Trade Agreements (FTAs), export-oriented manufacturing, and integration into global value chains. Sri Lanka can draw valuable insights from Vietnam’s experience,…
In April 2026, the official reserve assets held by the Central Bank of Sri Lanka have once again fallen below the USD 7 billion mark. Accordingly, the official reserve assets, which stood at USD 7,026 million at the end of March 2026, declined to USD 6,759 million by the end of April 2026, a drop…
The Research Vessel Dr. Fridtjof Nansen has successfully completed a marine scientific survey in Sri Lankan waters and departed Colombo, marking the conclusion of a critical mission to strengthen the country’s ocean knowledge base. As part of the EAF-Nansen Programme of the Food and Agriculture Organization of the United Nations (FAO) and Norway, the vessel…
Mila Fashion (Pvt) Ltd has clarified that it has not ceased operations, following recent media reports concerning its Welioya facility. The company stated that it is currently carrying out a temporary and structured operational consolidation as part of a broader business continuity measure, in response to global market conditions affecting the apparel sector. The company…
Unisys (NYSE: UIS) today announced the integration of Sri Lanka-based Fits Cargo into its Cargo Portal Services (CPS) platform, significantly broadening global route options and booking capabilities for freight forwarders. As a hybrid air cargo carrier with an extensive worldwide network, Fits Cargo brings reliable connectivity from Sri Lanka and key origins across Asia and…
In a major step forward for Sri Lanka’s digital economy and foreign exchange inflows, the government has decided to enable direct receipt of funds into Sri Lanka through PayPal, one of the world’s leading online payment platforms. The move comes after years of requests from the country’s business community, IT professionals, and freelancers, who have…
The Colombo Stock Exchange (CSE) experienced a significant upward trajectory today (07), characterized by robust trading volumes and broad-based gains. Investor sentiment remained positive throughout the session, pushing major indices further into the green. The benchmark All Share Price Index (ASPI) surged by 258.09 points, representing a 1.13% increase. Simultaneously, the blue-chip S&P Sri Lanka…
Oilprice.com – Front-month Brent Crude futures dropped to below $100 per barrel again in morning trade in Europe on Thursday (07), reversing earlier gains, as the market hopes the U.S. and Iran could be able to reach an agreement that would eventually reopen the Strait of Hormuz. Following a steep selloff on Wednesday, which crashed the…
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