Expands production capacity to meet rising global demand for high-value protective gloves Introduces first-of-its-kind robotic technologies in Sri Lanka’s glove manufacturing sector Dipped Products PLC (DPL), a subsidiary of Hayleys PLC, officially inaugurated a series of major capacity expansion projects at its Kottawa manufacturing facility on 30th April 2026, marking a significant step forward in…
Travel And Tour World (TTW) has unveiled its highly anticipated 2026 rankings, placing Sri Lanka at number 31 among the top 50 global destinations redefining holistic and transformative travel. As the global wellness tourism market surges toward a nearly USD 1 trillion valuation, Sri Lanka is being celebrated for its “authentic, sustainable, and culturally immersive”…
The Export Development Board (EDB), in collaboration with Control Union Sri Lanka, convened an awareness programme on Sri Lanka’s readiness for the European Union Deforestation Regulation (EUDR), with a special focus on stakeholders in the coffee and wood-based products sectors. The programme, held on 12th May 2026 at the Training Arena of the EDB, brought…
Ministry of Energy and BOI launch landmark Request for Information as the island nation eyes a billion-dollar green energy future Sri Lanka has taken a bold step toward transforming its energy landscape, as the Ministry of Energy and the Board of Investment of Sri Lanka (BOI) jointly issued a Request for Information (RFI) inviting local…
Sri Lanka’s total tourism earnings during the first four months of 2026, from January to April, amounted to US$1.11 billion, according to the Central Bank of Sri Lanka. This marks a 19.4% decline compared to the US$1.37 billion recorded during the same period in 2025. Meanwhile, tourism earnings for April 2026 were reported at US$157.1…
Reuters – Asian share markets were on the skids on Monday as fresh drone attacks in the Gulf shoved oil prices and bond yields higher, while the AI boom is set to be tested by earnings from Nvidia this week. A drone strike caused a fire at a nuclear power plant in the United Arab…
Reuters – Gold prices fell on Monday to their lowest point in more than a month, as Middle East tensions pushed oil prices higher, fuelling inflation fears and reinforcing expectations of higher-for-longer interest rates. FUNDAMENTALS * Spot gold was down 1.1% at $4,488.99 per ounce, as of 0052 GMT, hitting its lowest level since March…
People’s Bank wishes to inform the public that an error relating to the application of exchange rate in one currency within a specific remittance system which resulted in certain customers receiving excess amounts during the period from May 2023 to March 2026, was recently identified and has since been fully rectified. Upon detection, the Bank…
Jyoti Structures Limited, India, as lead partner, along with Hayleys Fentons Limited, Sri Lanka’s No. 1 Solar EPC and MEP contractor, has signed a joint venture contract for the construction of the Mannar–Mullikulam 220kV Double Circuit Transmission Line. The contract is the inaugural award issued by the newly established National Transmission Network Service Provider (Private)…
The International Monetary Fund (IMF) has scheduled May 27, 2026 for its Executive Board to decide on the Fifth and Sixth reviews of Sri Lanka’s Extended Fund Facility (EFF) programme. Once the review is approved by the IMF Executive Board, Sri Lanka will have access to about US$700 million in financing, according to the IMF.
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