Sri Lanka’s economic recovery is expected to lose momentum in 2025, with growth projected to decelerate to 3.5%, according to the World Bank’s latest Global Economic Prospects report. The downgrade comes as the country continues to grapple with the scarring effects of its recent economic crisis, persistent structural constraints, and heightened global uncertainties. The report…
Q Collection Pte. Ltd., a Singapore-based apparel manufacturer recognised for its operational excellence and product diversification, has announced the establishment of manufacturing operations in Sri Lanka with a strategic support from Hela Apparel Holdings PLC, a leading global apparel solutions provider. As part of this process, Q Collection has acquired and assumed operational control of…
LOLC Finance PLC has unveiled a major share repurchase plan targeting over 3.5 billion shares, as part of a strategy to enhance shareholder value and manage capital more efficiently. In an official announcement made under CSE Listing Rule 7.10.1(d), the company disclosed that its Board of Directors approved the buyback on 9th June 2025. The…
In a historic move that redefines rural financial security, Pelwatte Dairy Industries has announced the launch of Sri Lanka’s first pension scheme for dairy farmers, reinforcing its commitment to both national self-sufficiency and the welfare of the farming community. Pelwatte Dairy, one of Sri Lanka’s foremost homegrown dairy brands, has long been a pillar in…
European travelers are setting their sights on Sri Lanka this summer, with digital travel platform Agoda reporting a 13% year-on-year jump in accommodation searches for the island nation. Sri Lanka joins a wave of rising destinations in Agoda’s Europe to Asia Summer Travel Trends report, which analyzed travel searches for July and August. Though Thailand,…
A Stakeholder Awareness Program on the recent revisions to the Sri Lankan Organic Standard and Regulatory Framework was successfully held at the Sri Lanka Export Development Board (EDB). The event was organized by the National Organic Control Unit (NOCU) of the EDB, in collaboration with the Sri Lanka Standards Institution (SLSI) and the United Kingdom…
Financial and technical assistance for four key institutions A discussion between Dr Nandika Sanath Kumanayake, Secretary to the President and officials of the Tony Blair Institute for Global Change was held yesterday (11) at the Presidential Secretariat. The purpose of the meeting was to identify the priorities of the new government’s agenda and to express…
The Ceylon Chamber of Commerce is pleased to announce an exclusive B2B networking event titled “Connect with Swiss Businesses: Explore New Partnerships”, on Monday, 16 June from 12 noon to 2 pm, at the Ceylon Chamber premises. This high-level networking session will bring together top Swiss companies with Sri Lankan businesses to explore potential partnerships…
By Prof. Samitha Hettige Sri Lankan memory of Norway may vary. ‘CEY – NOR’ fisheries sector development project & the Cashew plantations in east are from the pre conflict 1970s. During 1980s NGO ‘Redd Barna’ served child welfare. In the 1990s Norway directly & indirectly invested in peace with Young Asia TV, World View Foundation,…
2025 Growth Forecasts Cut for 70 Percent of Economies Heightened trade tensions and policy uncertainty are expected to drive global growth down this year to its slowest pace since 2008 outside of outright global recessions, according to the World Bank’s latest Global Economic Prospects report. The turmoil has resulted in growth forecasts being cut in nearly 70%…
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