Sri Lanka’s apparel exports recorded a softer performance in April 2026, with total exports declining by 4.72% to US$ 328.15 million, compared to US$ 344.40 million in April 2025. The decline was mainly seen across key traditional markets, with exports to the UK down 16.91%, the EU down 8.78%, and the USA down 3.46%. However,…
Recurring revenues reach 74% of total; Normalized EBITDA margin expands 17 percentage points hSenid Business Solutions PLC (hSenidBiz) announced its financial results for the fourth quarter and full year ended 31 March 2026, delivering a significant turnaround in operational profitability, materially improving earnings quality, and achieving a key strategic milestone. In the fourth quarter, total…
Reuters – Oil prices fell 6% to two-week lows on Monday, as optimism grew that the United States and Iran were moving closer to a peace deal, even though they remain at odds over key issues, such as blockades on the Strait of Hormuz. Brent crude futures fell $5.85, or 5.7%, to $97.69 a barrel by 0343…
The Governing Board of the CBSL decided to introduce a maximum LTV ratio for credit facilities secured by gold and tighten the maximum LTV ratios applicable to credit facilities granted in respect of motor vehicles with effect from 25 May 2026. These steps are taken by the CBSL in line with its macroprudential authority, in…
Now available for pre-order via www.dialog.lk Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, has announced the launch of Dialog Air Fibre powered by 5G, marking a significant step in its commitment to delivering next-generation digital experiences. This latest innovation marks yet another industry first by Dialog, reinforcing its longstanding commitment to delivering cutting-edge technology…
As a result, many high-end car showrooms are reportedly jam-packed in South Korea. Samsung Electronics recently averted a labor union strike in its semiconductor division by agreeing to distribute KRW 40 trillion (approximately $26.6 billion) in bonuses. The payout will vary depending on each employee’s position, but the average bonus per employee in the division is expected to be…
Analyses Sri Lanka’s foreign policymaking towards China Dr Bhagya Senaratne launched her book From Friendship to Dependency: Analysing Sri Lanka’s Foreign Policymaking Towards China at a recent event held at the Bandaranaike Centre for International Studies, Colombo. Speaking at the event, Dr Senaratne mentioned that her book examines why Sri Lanka’s relations with China have…
At the close of interbank transactions today (22), it was observed that the selling rate of the US dollar at several commercial banks had fallen below the Rs. 340 mark. The Sri Lankan rupee, which had been rapidly depreciating against the US dollar over the past few days, showed significant volatility. The highest point was…
John Keells CG Auto (JKCG) has rejected allegations that it had prior knowledge of the temporary surcharge imposed on imported motor vehicles before the government’s recent Gazette notification. In a statement issued today (22), the company said claims circulating publicly suggested that certain vehicle importers, including JKCG, had established Letters of Credit (LCs) on the…
Demonstrating its commitment to supporting the nation’s next phase of economic transformation, Commercial Bank of Ceylon has become one of the first banks in Sri Lanka to enter into an agreement to establish a fully-fledged branch at Port City Colombo, marking a significant step in the Bank’s strategic expansion into the country’s emerging international financial…
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