Sri Lankan engineering and technology company ISF, with bold ambitions in manufacturing AI, has officially launched the world’s first fully automated coconut dewatering system. The system improves productivity, reduces labour dependency and addresses operational inefficiencies across the coconut processing industry, while improving return on investment. Designed and manufactured in Sri Lanka by local engineers, the…
Reuters – Asian stocks rose on Thursday after U.S. inflation data came in as expected, dampening expectations of further near-term Federal Reserve rate hikes, while oil held near $80 a barrel as Washington and Tehran remained deadlocked over efforts to end the Gulf war. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.97%, led by…
Reuters – Oil prices fell more than $1 on Thursday as forecasters lowered global oil demand projections for 2026 because of the disruptions from the U.S.-Israeli war on Iran, though the supply constraints from the conflict provided a floor for the market. Brent futures dropped $1.29, or 1.5%, at $87.69 a barrel by 0100 GMT. U.S. West…
Forward Faster Now APAC 2026 brings together business, United Nations and sustainability leaders to advance responsible business and regional collaboration More than 200 business leaders, sustainability practitioners, policymakers and representatives from the United Nations gathered in Colombo on 11–12 August for Forward Faster Now APAC 2026: Driving Business Leadership for Sustainable and Inclusive Growth, the flagship…
The Sri Lanka Export Development Board (EDB), the host institution of the SheTrades Sri Lanka Hub recently held a one-day awareness programme on “Using Social Media for Export Marketing” at the Divisional Secretariat Office, Panadura, targeting export-oriented women entrepreneurs. The programme was conducted in collaboration with Foundation.lk, the knowledge partner, which shared practical expertise on…
The Hayleys Group delivered a strong start to the financial year with Consolidated Revenue from Continuing Operations increasing by 38% year-on-year to Rs. 179.32 bn and Consolidated Profit Before Tax from Continuing Operations surging 61% to Rs. 10.15 bn during the three months ended 30th June 2026. Performance was driven by the Group’s export-oriented sectors,…
The High Commission of Sri Lanka in the Republic of Maldives, in collaboration with CHEC Port City Colombo (Pvt) Ltd. hosted the Port City Colombo Investor Forum at the Barceló Nasandhura Malé on 10th August 2026, an invitation-only engagement bringing together a curated gathering of senior Maldivian business leaders, investors and developers. The forum marks…
The Ceylon Chamber of Commerce and the Maldives Business Chamber have entered into a Memorandum of Understanding (MoU) that will create new opportunities for businesses in Sri Lanka and the Maldives to expand trade, investment, and commercial partnerships. The signing took place in the presence of Hon. Wasantha Samarasinghe, Minister of Trade, Commerce, Food Security…
The Colombo Stock Exchange (CSE) and the UN Global Compact today marked a significant milestone in advancing responsible business in Sri Lanka with a ceremonial Ring the Bell for Responsible Business event and the launch of the Responsible Business Coalition—a landmark partnership designed to embed sustainability, strengthened governance and the Ten Principles of the UN…
A team of officials led by the Chairman of the Sri Lanka Export Development Board (EDB) recently conducted an observation visit to Ashadi Jewellers (Pvt) Ltd, one of the country’s leading jewelry manufacturing enterprises. The visit aimed to assess and provide the necessary support to strengthen the company’s export capabilities. Established in 1988, Ashadi Jewellers…
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