In a landmark move for Sri Lanka’s digital economy, Surge Global and Calcey Technologies have joined forces in a $40 million transaction to form Short Circuit Pte Ltd – a regional tech powerhouse built to deliver transformation at scale, with deep operational discipline for growth-stage companies and enterprises alike. The deal, backed by Hatton National…
Core operational improvements drive performance across Healthcare, Consumer, and Agribusiness sectors Consolidated revenue of LKR 15.9 billion Healthcare revenue up 14.0% YoY to LKR 8.6 billion Consumer revenue up 3.7% YoY to LKR 4.8 billion Agribusiness revenue increased by 20.7% YoY to LKR 2.5 billion Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) delivered…
The Sri Lanka Purchasing Managers’ Index for Construction (PMI – Construction), as reflected by the Total Activity Index, recorded a value of 58.6 in June 2025, indicating a continuous expansion in construction activities. Many firms attributed this growth to favourable industry conditions, particularly exhibited by the steady increase in project work and stable price levels….
The Central Bank of Sri Lanka (CBSL) released its third Market Operations Report (MOR) on 31 July 2025. The aim of the MOR is to enhance awareness and knowledge among the stakeholders on monetary operations and foreign exchange operations carried out by the Central Bank in implementing monetary policy under the Flexible Inflation Target (FIT),…
Reuters – Asian shares fell on Friday after the U.S. slapped dozens of trading partners with steep tariffs, while investors anxiously await U.S. jobs data that could make or break the case for a Fed rate cut next month. Late on Thursday, President Donald Trump signed an executive order imposing tariffs ranging from 10% to 41% on…
New tariffs go into effect from Aug 7 U.S. President Donald Trump signed an executive order on Thursday reducing tariffs on Sri Lankan goods to 20% from 44% announced in April, the White House said. Trump had initially announced a tariff rate of 44% in April for Sri Lankan exports. However, the rate was then…
An initiative that promises secure digital identities, minimum cost to Sri Lankan taxpayers, and total data control In a major push towards digital transformation, the Government of Sri Lanka announced that it will launch its national Digital ID system by April 2026, a move that promises to revolutionize access to public services while ensuring strong…
The overall rate of inflation as measured by the CCPI on Y-on-Y basis is -0.3% in July 2025 and Y-on-Y inflation calculated for the month of June 2025 was -0.6%. The Y-on-Y inflation of Food Group decreased to 1.5% in July 2025 from 4.3% in June 2025 and the Y-on-Y inflation of Non Food Group…
The US Department of State Wednesday announced sanctions on 20 entities, including six from India, for trading with Iran. Six Indian companies are under the radar of the US Department of State. Their fault? They “engage in Iranian petroleum, petroleum products, or petrochemical trade”. This reportedly violates American sanctions under Executive Order 13846. The US…
In a major milestone for Sri Lanka’s startup ecosystem, nVentures has emerged as the country’s first foreign venture capital firm to be licensed by Singapore’s Monetary Authority (MAS) and actively invest in local startups. In just three years, the firm has backed six Sri Lankan ventures, delivered a portfolio exit, and, together with its regional…
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