Emirates says it has resumed flight operations and advised passengers with confirmed bookings for Saturday (07) afternoon flights to proceed to the airport. The airline said the update also applies to customers transiting through Dubai, provided they have confirmed onward connections. Passengers have been urged not to go to the airport without a confirmed booking…
The Central Bank of Sri Lanka (CBSL) purchased USD 461 million from the domestic foreign exchange market in February 2026, according to the latest data released by the central bank. The report further noted that the central bank did not sell any US dollars during the month, indicating continued efforts to accumulate foreign reserves. In…
Sri Lanka received USD 729 million in workers’ remittances in February 2026, according to the latest figures released by the Central Bank of Sri Lanka (CBSL). According to the report, in February 2025, foreign remittances to the country were recorded at USD 548.1 million. Accordingly, remittances in February 2026 increased by USD 180.9 million compared…
Emirates Statement – 6 March “Following the partial re-opening of regional airspace, Emirates is operating a reduced flight schedule while working to restore full network operations. The airline anticipates a return to 100% of its network within the coming days, subject to airspace availability and the fulfilment of all operational requirements. Safety, as ever, remains…
Sri Lanka’s Central Bank Governor, Dr. P. Nandalal Weerasinghe, emphasized the need for targeted regional integration in South Asia, highlighting opportunities in energy security and digitalization as “low-hanging fruits” that could deliver immediate benefits. Speaking at a high-level roundtable in Bangkok, he drew comparisons with ASEAN’s progress while pointing out barriers in South Asia’s protected…
Sri Lanka’s official reserve assets have surpassed the USD 7 billion mark for the first time since August 2020. According to the latest data from the Central Bank of Sri Lanka (CBSL), the country’s official reserve assets stood at USD 7,284 million at end-February 2026, reflecting a 6.6% increase from USD 6,832 million recorded at…
The ongoing military conflict in the Middle East has adversely impacted on the Sri Lankan tea industry as the exporters are unable to supply tea to the region. The exporters estimate the revenue loss at about $ 10-15 million per week. The exporters have orders in hand for supply of tea and it is the…
The Colombo Stock Exchange (CSE) and NSE IFSC LIMITED (NSEIX), an international multi-asset exchange and wholly owned subsidiary of the National Stock Exchange of India Limited, signed a Memorandum of Understanding (MoU) recently to strengthen capital market cooperation between Sri Lanka and India. Bringing together the senior leadership of both exchanges to formalise a strategic…
The Sri Lanka High Commission in Canberra together with China Harbour Engineering Company (CHEC), Port City Colombo (Pvt) Ltd convened an Investor Forum attracting investment into the Colombo Port City from Australia on 3 March 2026. The Forum was addressed by Deputy Managing Director, CHEC), Port City Colombo (Pvt) Ltd, Thulci Aluwihare, who delivered a…
The effective closure of the Strait of Hormuz, the key driver of oil price increases following the 28 February outbreak of the Iran conflict, is likely to be temporary given its vital economic role, Fitch Ratings says. This, alongside global oil market oversupply, should limit oil price rises and mitigate any potential disruptions to Iranian…
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