BBC – Singapore-based budget airline Jetstar Asia will close down at the end of July, with affected passengers to be offered full refunds. The low-cost airline has struggled with rising supplier costs, high airport fees and increased competition in the region. More than 500 employees will be laid off. The shutdown of Jetstar Asia will…
In a decisive move to streamline operations and reinforce financial stability, Hela Apparel Holdings PLC has announced a significant step in its ongoing strategic restructuring by divesting two of its manufacturing sub-subsidiaries in Sri Lanka for a total consideration of LKR 2.7 billion. As part of its broader turnaround strategy aimed at structural simplification and…
Dr. Gita Gopinath, the First Deputy Managing Director (FDMD) of the International Monetary Fund (IMF), is scheduled to visit Sri Lanka from 15-16 June 2025. This visit is significant, as it marks the first time since 2005 that a serving FDMD of the IMF visits Sri Lanka. During this visit, Dr. Gopinath will be the…
DFCC Bank PLC has become the first foreign corporate entity to list a bond on the National Stock Exchange – International Exchange (NSE IX) at GIFT City, India – marking a significant milestone in Sri Lanka’s capital markets and reinforcing DFCC Bank’s position as a regional leader in sustainable finance. This listing completes a strategic…
This comes as part of the strategic partnership between Visa and the Sri Lanka Tourism Promotion Bureau to promote Sri Lanka as a preferred tourist destination for leisure and MICE tourism Visa, the global payments leader, announced it will host the Visa Asia Pacific Summit in Sri Lanka to support the country’s MICE tourism. This…
The Colombo Stock Exchange witnessed a milestone on Monday as the benchmark All Share Price Index (ASPI) surpassed the 17,500 level for the first time in history, closing at 17,500.24 after gaining 105.79 points or 0.61%. The S&P SL20 index also moved higher, adding 33 points or 0.64% to end at 5,208.95. Market turnover was…
A significant increase in state revenue has been recorded during the first four months of 2025, according to data released by the Central Bank of Sri Lanka (CBSL). Government revenue and grants, which amounted to Rs. 1,218.07 billion during the corresponding period in 2024, have increased by Rs. 236.60 billion to reach Rs. 1,454.67 billion…
BYD, in partnership with its authorised distributor John Keells CG Auto, officially launched the SHARK 06 in Sri Lanka — marking the local debut of what is positioned as the country’s first plug-in hybrid pickup. Unveiled at a special launch event in Colombo, the SHARK 06 introduces a new category to the Sri Lankan automotive…
Prof. Chitra Weddikkara represents Sri Lanka at the SCO Arbitration Forum 2025 in China, showcasing Sri Lanka’s commitment to international dispute resolution and regional legal cooperation. 9th June 2025, Colombo, Sri Lanka — The Sri Lanka National Arbitration Centre (SLNAC) proudly represented the nation at the prestigious SCO Arbitration Forum recently, hosted by the China…
Haleon’s Sri Lanka manufacturing facility in Ratmalana, had the honour of hosting UK’s Trade Envoy to Sri Lanka Lord Hannett of Everton. He was accompanied by Mr. Andrew Patrick, British High Commissioner, Ms. Anna Shotbolt, Deputy Trade Commissioner, South Asia, Ms. Mara Waters, Director of Trade, Sri Lanka, Ms. Asanthi Fernando, Deputy Head of Trade…
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