As Sri Lanka advances its economic recovery and long-term development agenda, improving access to finance for women entrepreneurs remains critical to building a more inclusive economy. The publication of the first annual report on the Women Entrepreneurs Finance Code marks an important milestone in strengthening financial access and broader support for women-owned and women-led enterprises….
The Board of Investment of Sri Lanka (BOI) confirms that the employment of workers formerly attached to Hela Clothing (Pvt) Ltd and Foundation Garments (Pvt) Ltd remains secure, following their full absorption into Emerald Clothing (Pvt) Ltd under a group restructuring exercise completed well ahead of recent developments concerning Hela Apparel Holdings PLC. Recent media…
Reuters – Oil prices rose on Tuesday as negotiations between the U.S. and Iran over a peace deal and the reopening of the Strait of Hormuz hit an impasse, while Asian shares drifted on protracted uncertainty over the global inflation outlook. U.S. President Donald Trump on Monday responded to Iran’s conditions for a peace deal…
By Haridhu Abeygoonaratne, Managing Director/COO – SimCentric /Vice Chair – SLASSCOM At first glance, it seems improbable that a company developing advanced military simulation technologies for organisations such as the US Marine Corps, the US Military Academy, the UK Ministry of Defence and armed forces across NATO and Commonwealth countries would have its engineering nerve…
The National Biotechnology Industry Association (NBIA) is pleased to announce its relaunch and the resumption of its activities under a newly reconstituted Council and Committee, marking a renewed commitment to advancing Sri Lanka’s biotechnology sector. Following a period of inactivity, NBIA is recommencing its operations with a clear vision to strengthen industry collaboration, promote innovation,…
The Economy: Muted Optimism amid Caution Corporate confidence in the economy edged higher in July, supported by improved expectations in business circles regarding the months ahead. Nevertheless, sentiment remains measured as businesspeople continue to contend with rising costs and uncertainty surrounding the broader economic outlook. THE ECONOMY The latest LMD-PEPPERCUBE Business Confidence Index (BCI) survey,…
The National Chamber of Exporters of Sri Lanka (NCE) congratulates the country’s export community on achieving a significant milestone, with Sri Lanka’s export earnings surpassing USD 10 billion during the first six months of 2026. According to the Central Bank’s latest External Sector Performance report, export earnings increased by 3.3% year-on-year to USD 10.4 billion…
Reuters – Asian share markets tracked Wall Street higher on Monday after a soft U.S. jobs report pared the risk of a near-term rise in borrowing costs, though a lack of progress in Gulf peace talks saw oil prices creep higher. Iran said on Sunday that a deal with Oman defining new shipping lanes in the Strait of Hormuz was in…
SriLankan Airlines has resumed flights between Colombo and Kuwait, re-establishing air connectivity between the two destinations with a six-weekly service from today (8 August). According to the airline, flight UL229 from Colombo to Kuwait will operate every Monday, Tuesday, Thursday, Friday, Saturday and Sunday, departing Colombo at 5:10 p.m. and arriving in Kuwait at 8:05…
The Derana Colombo International Kite Festival has grown into one of Sri Lanka’s most recognized international cultural and tourism events, bringing together people from around the world through the universal language of kite flying. The journey began in 2015 as the Lokaya Saha Lokayo Kite Festival, organized by the Derana Kite Team with the vision…
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