Amber Adventures (Pvt) Ltd, the developer of the BOI-approved Ambuluwawa Cable Car Project, has warned that it may pursue legal action to recover its investment following what it describes as arbitrary obstruction by state authorities threatening the continuation of the project. In an urgent notice addressed to the Chairman and Director General of the Board…
TV Derana has been awarded as a premier national brand at the Superbrands 2025 Awards Ceremony held in Colombo. Significantly, TV Derana emerged as the only media brand to be conferred with the prestigious ‘Superbrand’ status at this year’s event, underscoring its leadership and influence within Sri Lanka’s media landscape. The Superbrands 2025 Awards were…
CHEC Port City Colombo (Pvt) Ltd., the primary developer of Port City Colombo, has pledged approximately US$300 million in foreign direct investment to advance Phase II of the Port City Colombo project, marking a significant investment commitment at the start of the New Year and reinforcing confidence in Sri Lanka’s long-term growth prospects. The investment…
The U.S. Embassy in Sri Lanka today announced an additional $2 million in U.S. humanitarian assistance to support communities affected by Cyclone Ditwah, bringing total U.S. assistance for the response to $4 million. This new funding builds on $2 million in U.S. assistance announced in December 2025 within 72 hours of the cyclone’s landfall, underscoring…
Sri Lanka should seek to change the targets agreed with the International Monetary Fund (IMF) as part of the Extended Fund Facility (EFF) arrangement, the Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe noted. Speaking during TV Derana’s current affairs program 360° last night (12), Dr. Nandalal Weerasinghe said a discussion…
BYD has retained its position as the world’s largest seller of New Energy Vehicles (NEVs), recording total global sales of 4,602,436 units in 2025. The achievement marks another major milestone for the company and reinforces its leadership in the global transition towards sustainable mobility. In 2025, BYD also became the world’s largest seller of battery…
Hambantota International Port (HIP) closed 2025 with a landmark performance, recording a 175% year-on-year increase in total cargo volumes despite what has been widely recognised as one of the most challenging years for the global port industry. HIP handled 8.24 million metric tonnes of cargo in 2025, up from 3.0 million metric tonnes in 2024,…
The inaugural Sri Lanka Fintech Summit 2025, held recently, marked a decisive step in shaping the country’s modern, inclusive, and investment-ready digital economy. Designed as more than just a conference, the event united policymakers, regulators, investors, and fintech leaders to define industry priorities for the year ahead. It also attracted several leading international and local…
Explore the World: Tripadvisor’s Top Destinations for 2026 From Bali to New York, Travelers Share Their Favorite Spots for Adventure, Romance, and Culture Tripadvisor®, the world’s largest travel guidance platform, today announced its first Travelers’ Choice® Awards category for 2026: Best of the Best Destinations, celebrating the places that travelers around the world love most. Each…
The Central Depository Systems (Pvt) Limited (CDS), a wholly owned subsidiary of the Colombo Stock Exchange (CSE), and National Development Bank PLC (NDB) have partnered to increase the efficiency of dividend disbursement systems for companies listed on the CSE through the provision of a streamlined dividends pay-out system. The partnership aims to strengthen capital market…
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