The Asian Development Bank (ADB) has appointed Shannon Cowlin as its new Country Director for Sri Lanka. She has assumed office in Colombo today. “I am honored to be appointed Country Director of ADB’s Sri Lanka Resident Mission,” Ms. Cowlin said. “For many years, ADB has been a trusted partner of Sri Lanka, supporting the…
Dilhan C. Fernando, Chairman of Dilmah Tea explains the danger of 2026 being the toughest year is not only to growers; this sounds dramatic, but the danger is genuinely to humanity. Discount culture fuels an accelerating emphasis on cheap produce, forcing growers to become unethical, unsustainable or give up. Discounts blind consumers to true value,…
Dr Bilesha Weeraratne, Research Fellow and Head of Migration and Urbanisation Policy Research, Institute of Policy Studies of Sri Lanka (IPS) Worker remittances to Sri Lanka have set a new all-time high record with USD 8.076 billion in 2025. This 22.8% growth, compared to the USD 6.6 billion received in 2024, is shaped by the…
Sri Lanka’s official reserve assets recorded a marginal decline of 0.2% in January 2026, according to data released by the Central Bank of Sri Lanka. The value of official reserve assets, which stood at USD 6,838 million at the end of December 2025, decreased slightly to USD 6,824 million by the end of January 2026….
AIA Group Limited (“AIA” or the “Group”) today releases new research revealing that deeply entrenched physical, mental and financial health stereotypes shape attitudes and behaviours around wellbeing across Asia. The study(1) was conducted across Mainland China, Hong Kong SAR(2), Singapore, Thailand and Malaysia, analysing more than 100 million social media posts and online content, alongside a survey…
The Export Development Board (EDB) recently organized a networking session at its head office, targeting new and potential exporters in Sri Lanka’s tea and coconut sectors. During the session, Mr. Indika Perera, Cluster Executive Director of Wichy Plantation (Pvt) Ltd, shared his industry experience under the topic “Real-life examples of entering and succeeding in challenging…
The Commercial Bank of Ceylon has reaffirmed its leadership in technology, innovation and the delivery of the most advanced banking experiences to customers by reaching another milestone in Sri Lanka’s digital payment landscape with the introduction of Google Pay support for its Mastercard debit and credit cardholders, in collaboration with Mastercard and Google. With this…
hSenid Business Solutions PLC (hSenidBiz) announced its financial results for the third quarter of FY2026, marking a transformative period as the Company achieved profitability and surpassed the USD 5 million exit ARR milestone. Total revenue for the quarter reached LKR 547.6 million, reflecting year-over-year growth of 27 percent in LKR terms and 23 percent in…
“The Japanese party may have been misinformed or inadequately advised” – Raju Radha The Magistrate’s Court of Fort has discharged a criminal complaint filed by C C Trust (Pte) Ltd against Asia Capital PLC, ruling that the court lacked jurisdiction to proceed with the matter. The case, bearing number MC Fort 36569/24, was instituted by…
Dubai, UAE – A special discussion was held between the President of Asia Rugby, Mr. Qais Al-Dhalai, and Sri Lanka’s Minister of Youth Affairs and Sports, Mr. Sunil Kumara Gamage, at the Al Bayt Palace in Dubai. The meeting focused on elevating Sri Lankan rugby to international standards and promoting sports tourism. The President of…
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