The barometer of business confidence free falls after a temporary stint at the summit July has been a month of both optimism and mounting uncertainty for Sri Lanka. On a positive note, the IMF approved its fourth review under the country’s 48 month Extended Fund Facility (EFF), unlocking a disbursement of US$ 350 million to…
Arkia, Israeli Airlines from September 2025 plans to resume service to Sri Lanka, last served until May 2024. Upon service resumption on 23SEP25, the airline’s Tel Aviv – Colombo route to be operated by Gullivair Airbus A330-200 aircraft. The airline schedules one weekly flight for the remainder of summer season. Schedule below focuses on the…
Dialog Axiata and H Connect International emerged as the big winners at the Grand Finale of the inaugural DEI Champion Awards 2025, organised by The Ceylon Chamber of Commerce, in partnership with the Strengthening Social Cohesion and Peace in Sri Lanka (SCOPE) programme, on 5th August at Cinnamon Life – City of Dreams. Dialog was…
SriLankan Airlines and the Government of Sri Lanka have announced the unsuccessful conclusion of recent restricted discussions with key bondholders regarding the restructuring of the airline’s defaulted US$175 million guaranteed bonds. Despite constructive engagement between 28 July and 1 August 2025, the parties failed to reach a consensus, citing significant differences between proposals put forward…
A panel discussion to promote investment opportunities in Artificial Intelligence (AI) in Sri Lanka, jointly organised by the Sri Lanka–UK Chamber of Commerce – London (SLUKCC) and the High Commission of Sri Lanka, was held on 31 July 2025 at the High Commission premises. The panel featured a distinguished group of professional and academic including Dean…
The Sri Lanka Export Development Board (EDB) hosted a high-level meeting on August 1, 2025, with a delegation from the Singapore Food Agency (SFA) to discuss the progress of Audit of poultry slaughter houses and further discussions on enabling Sri Lankan poultry exports to Singapore. The meeting was chaired by EDB Chairman/CEO Mr. Mangala Wijesinghe…
BBC – Tesla has granted its chief executive Elon Musk $29bn (£21.7bn) worth of its shares, in an attempt to keep the billionaire at the firm. The move comes after a US court struck down his 2018 pay package,worth more than $50bn, ruling that it was “unfair to shareholders”. Musk has been appealing against the…
US based SpaceX has appointed Singer Sri Lanka, the nation’s leading consumer electronics and home appliances retailer, as the authorized retailer of Starlink in Sri Lanka. This announcement marks a significant step in revolutionizing internet accessibility across the country, especially in regions historically underserved by traditional connectivity solutions. Starlink, developed by global aerospace innovator SpaceX,…
Investors demonstrated overwhelming support for the green lending aspirations of the Commercial Bank of Ceylon, leading to the oversubscription of the Bank’s Rs. 15 billion Green Bond on its opening day, Monday 4th August 2025. The Green Bond Issue comprised of an initial issue of 100 million Basel III Compliant – Tier 2 Listed Rated…
Reuters – Vietnamese electric vehicle maker VinFast is in talks with several component manufacturers as it looks to source more from India, the company’s Asia CEO said on Monday (04). The firm is in discussions with several of its current component suppliers, and some want to shift part of their production to the industrial park in…
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