Reuters – Tea factory worker Jacintha Malar once relied on cooking gas to prepare meals for her family, but has switched to firewood after the Middle East conflict pushed up energy costs and battered the country’s tea industry. Malar and her husband, a tea plucker in Sri Lanka’s central hills, are among those dependent on…
The Joint Apparel Association Forum (JAAF) said the recent depreciation of the Sri Lankan rupee must be viewed in the context of wider global pressures, including the conflict in the Middle East, rising global fuel prices and increasing shipping costs. JAAF noted that a weaker rupee should not be interpreted as a sign that Sri…
CFA Society Sri Lanka (CFASSL) commemorated its 25th anniversary by ringing the Market Opening Bell and issuing a commemorative cover and stamp on the Colombo Stock Exchange (CSE) trading floor earlier this week, marking 25 years of contribution to the development of Sri Lanka’s investment profession and the financial services industry. The bell ringing was…
The Ministry of Agriculture, Livestock, Land and Irrigation and the Department of Agriculture, with the technical support of the Food and Agriculture Organization of the United Nations (FAO), launched the CROPIX Seed Production, Certification & Traceability System, a major step towards modernizing Sri Lanka’s seed sector through digital innovation. The new system strengthens seed production and…
The depreciation of the Sri Lankan rupee against the US dollar has accelerated sharply. According to the Central Bank of Sri Lanka today (20), the buying rate of the US dollar has increased to Rs. 332.08, while the selling rate has risen to Rs. 342.70. These are the highest buying and selling rates recorded for…
On the sidelines of the Asia Tech 2026 Conference held in Singapore, a high-level bilateral discussion was successfully conducted on 20 May 2026 with the Bill & Melinda Gates Foundation, aimed at accelerating and enhancing Sri Lanka’s digital transformation agenda. The Sri Lankan delegation was led by Hon. Eranga Weeraratne, Deputy Minister of Digital Economy….
BBC – The US Department of Justice has dropped criminal fraud charges against Indian billionaire Gautam Adani and some officials of his firm, days after he agreed to settle a separate civil case. Adani Enterprises, his group’s flagship firm, also agreed to pay $275m (£205m) to the US Treasury to settle a separate investigation into alleged violations…
With the aim of strengthening the export competitiveness of Sri Lanka’s light engineering industry, the Industrial Products Division of the Export Development Board (EDB) inaugurated a special Awareness Programme for Exporters and Potential Exporters in the Light Engineering Sector at the EDB headquarters in Colombo. The inauguration programme was held at the EDB on 19…
Exceptional earnings performance driven by a robust investment strategy, diversification, and a resilient portfolio Reinforcing sustained value creation momentum through disciplined execution and a diversified growth platform Ambeon Capital PLC (AMC), the principal investment holding entity of the Ambeon Group, announced financial performance for the year ended 31 March 2026 (FY2025/26), delivering a consolidated Profit…
The Ceylon Chamber of Commerce, in partnership with the Confederation of Indian Industry (CII), organised the India–Sri Lanka Business Forum: Partnering in Sri Lanka’s Growth and Investment and the CII – Ceylon Chamber CEOs Interaction in Mumbai on 13 May 2026. The events brought together senior government representatives, industry leaders, policymakers, and business delegates from…
Video Story
