Cementing its status as a global New Energy Vehicle (NEV) trailblazer, BYD has topped the global rankings for most innovative automotive group in the Automotive INNOVATIONS Report 2026, published by Germany’s Center of Automotive Management (CAM) – the first time in the study’s 21-year history that a Chinese automaker has claimed the top position. BYD…
TradingKey – The U.S.-Iran conflict continues to escalate, driving oil prices sharply higher. On Wednesday, Brent and WTI crude futures both closed higher, breaching $90 per barrel. During Thursday’s session, oil prices rose further, with WTI futures climbing over 2% intraday to cross $92, while Brent crude rose 0.5% to exceed $95. On the news…
The India–Sri Lanka Binational Bridge and Tunnel – Why Sri Lanka Should Embrace the Opportunity of the Century By Jithendra Antonio For decades, Sri Lanka has debated ports, airports, expressways, free trade agreements, and foreign investments as pathways to economic transformation. Yet one proposal has consistently resurfaced across governments, administrations, and geopolitical cycles as perhaps…
The Public Debt Management Office of the Ministry of Finance, Planning and Economic Development raised Rs. 71,744 million in its latest Treasury Bill auction today (10), falling significantly short of its Rs. 140,000 million target. While the auction attracted substantial market interest with Rs. 201,006 million in total bids received, the government chose to accept…
Mastercard has announced significant leadership appointments aimed at strengthening South Asia operations, by creating a more integrated model for Sri Lanka, Maldives, Bangladesh, Nepal, and Bhutan.The growing synergies within these countries, especially with regard to the focus on tourism and cross-border trade and payments innovation, makes this integration crucial in scaling the operations and underscores…
The Ceylon Motor Traders’ Association (CMTA), the senior-most automotive association in Sri Lanka affiliated with the Ceylon Chamber of Commerce, has issued an urgent appeal to the government to abolish the 15% depreciation currently granted on used vehicle imports, warning that the concession is causing massive revenue leakages at a time when the country can…
SriLankan Airlines has officially confirmed the appointment of Dimal Arandara as the Chairman of its Board of Directors. The move, which takes effect immediately, confirms Arandara’s leadership of the national carrier following a period of transition. Arandara previously served as the airline’s Acting Chairman, stepping into the role after the resignation of the former Chairman,…
Co-operative Leasing Company Limited (CLCL), a Registered Finance Leasing Establishment under the Finance Leasing Act, No 56 of 2000, as amended (FLA), has acted in contravention of the Directions issued by the Director, Department of Supervision of Non-Bank Financial Institutions (DSNBFI) of the Central Bank of Sri Lanka by its repeated failure to comply with…
Hayleys Solar, Sri Lanka’s No. 1 solar solutions provider, has successfully completed the installation of a 1.7MWp solar power system for GPV Lanka Pvt Ltd in Negombo, further supporting the country’s transition towards sustainable and energy-efficient industrial operations. GPV Lanka Pvt Ltd, a leading company in the electronics manufacturing sector, is strengthening its efforts to…
The Sri Lankan Rupee (LKR) saw a significant appreciation against the US Dollar today (10), following a strategic policy shift by the Central Bank of Sri Lanka (CBSL) aimed at boosting domestic currency liquidity. According to the daily exchange rate sheet released by the Central Bank, the buying rate of the US Dollar dropped from…
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