A panel discussion to promote investment opportunities in Artificial Intelligence (AI) in Sri Lanka, jointly organised by the Sri Lanka–UK Chamber of Commerce – London (SLUKCC) and the High Commission of Sri Lanka, was held on 31 July 2025 at the High Commission premises. The panel featured a distinguished group of professional and academic including Dean…
The Sri Lanka Export Development Board (EDB) hosted a high-level meeting on August 1, 2025, with a delegation from the Singapore Food Agency (SFA) to discuss the progress of Audit of poultry slaughter houses and further discussions on enabling Sri Lankan poultry exports to Singapore. The meeting was chaired by EDB Chairman/CEO Mr. Mangala Wijesinghe…
BBC – Tesla has granted its chief executive Elon Musk $29bn (£21.7bn) worth of its shares, in an attempt to keep the billionaire at the firm. The move comes after a US court struck down his 2018 pay package,worth more than $50bn, ruling that it was “unfair to shareholders”. Musk has been appealing against the…
US based SpaceX has appointed Singer Sri Lanka, the nation’s leading consumer electronics and home appliances retailer, as the authorized retailer of Starlink in Sri Lanka. This announcement marks a significant step in revolutionizing internet accessibility across the country, especially in regions historically underserved by traditional connectivity solutions. Starlink, developed by global aerospace innovator SpaceX,…
Investors demonstrated overwhelming support for the green lending aspirations of the Commercial Bank of Ceylon, leading to the oversubscription of the Bank’s Rs. 15 billion Green Bond on its opening day, Monday 4th August 2025. The Green Bond Issue comprised of an initial issue of 100 million Basel III Compliant – Tier 2 Listed Rated…
Reuters – Vietnamese electric vehicle maker VinFast is in talks with several component manufacturers as it looks to source more from India, the company’s Asia CEO said on Monday (04). The firm is in discussions with several of its current component suppliers, and some want to shift part of their production to the industrial park in…
Investment Limit for listed companies raised from USD 500,000 to USD 750,000 and the limit for unlisted companies increased from USD 150,000 to USD 200,000 – Any investment exceeding USD 2 million require special approval. The Committee on Public Finance took into consideration an Order inclusive of updated guidelines on outward investments, introducing increased thresholds…
Singer (Sri Lanka) PLC, a subsidiary of Hayleys PLC, has been appointed as the official distributor for Elon Musk’s Starlink satellite internet service in Sri Lanka, marking a significant step in expanding high-speed internet access across the island. While an official announcement is expected shortly, Singer has already signaled the development through a teaser on…
The Colombo Stock Exchange (CSE) reached a historic milestone today (04), as the All Share Price Index (ASPI) surpassed the 20,000 mark for the first time during morning trading. At the time the ASPI crossed this significant threshold, today’s turnover was recorded as over Rs. 432 million.
Highest ranked private sector bank in Sri Lanka in 2025 rankings published by The Banker The Commercial Bank of Ceylon has once again been ranked among the world’s Top 1000 Banks by the UK’s authoritative financial sector publication The Banker, becoming the only Sri Lankan bank to achieve this milestone on 13 occasions. The first…
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