Thirty structured investment projects in Multiple sectors Sri Lanka is open for business. That was the unambiguous message Dr. Sulakshana Jayawardena, Acting Chairman of the Board of Investment (BOI) of Sri Lanka, delivered to an audience of Vietnamese business leaders and officials at the Sri Lanka–Vietnam Trade, Investment & Tourism Cooperation Forum on 8 May…
Kelly Felder, Sri Lanka’s leading high-street fashion brand, has officially arrived in Australia with the grand opening of its Melbourne flagship store at The Glen Shopping Centre, Glen Waverley, on 15th May 2026, making history as the first Sri Lankan fashion brand to establish a retail presence in the Western market. The store, located at…
Sri Lanka’s reform program continues to move forward, with the International Monetary Fund’s (IMF) Executive Board set to consider the combined Fifth and Sixth Reviews under the Extended Fund Facility on Wednesday (May 27). IMF Mission Chief for Sri Lanka, Evan Papageorgiou, said that over the past years, the authorities have made significant progress in…
Reuters – Asian stocks rose on Friday while the U.S. dollar sat near six- week highs and oil prices were whipsawed as investors held on to hopes of a breakthrough in U.S.-Iran peace talks although both sides remained at odds over key issues. The worry for investors remains the near closure of the Strait of…
The overall inflation rate in Sri Lanka, as measured by the National Consumer Price Index (NCPI) on a year-on-year (YoY) basis, increased to 4.7% in April 2026 from 2.4% recorded in March 2026, according to the Department of Census and Statistics. The department stated that YoY inflation of the food group rose to 1.1% in…
Hellmann Worldwide Logistics and MAS Holdings, partners in the joint venture Hellmann MAS Supply Chain established in 2018, announced the development of a new built-to-suit contract logistics facility in Kimbulapitiya, Sri Lanka. Strategically located in the Gampaha District of Sri Lanka’s Western Province, just six kilometers from Bandaranaike International Airport (CMB), the facility will serve…
The Sri Lankan rupee depreciated further against the US dollar today (21), with the dollar’s selling rate surpassing Rs. 350 for the first time since March 2023. Latest exchange rates released by the Central Bank of Sri Lanka showed the US dollar buying rate at Rs. 342.63 and the selling rate at Rs. 354.03. The…
China Harbour Engineering Company (CHEC) has achieved a major construction milestone in the China-aided affordable housing project in Colombo, with the successful topping out of the Maharagama site on 12 May 2026. The milestone marks the completion of the main structural works for 112 housing units, forming part of a wider 1,996-unit housing development designed…
Prime Melwa Port City (Pvt) Ltd has formally commenced its highly anticipated world-class marina living experience at Port City Colombo, marking a significant milestone in the development of one of the region’s most prestigious waterfront residential destinations. Positioned as Asia’s Global Marina Front Masterpiece, the landmark project is poised to redefine luxury waterfront living in…
Bloomberg – A slide in the Sri Lankan rupee, Asia’s worst performing currency this month, has intensified due to speculation of further weakening, according to Deputy Minister of Finance Anil Jayantha Fernando. Importers are buying more dollars and exporters are delaying conversion of their foreign-currency earnings, Fernando told parliament in Colombo on Tuesday. The South Asian nation has…
Video Story
