The Sri Lankan government has announced new restrictions on marketing food and beverages to children, effective January 1, 2025, under the Food (Labelling & Advertising) Regulations 2022. The Ceylon Chamber of Commerce, through its Food & Beverage Steering Committee, was a key partner in shaping these regulations by providing inputs on food science, nutrition, international…
A delegation from CEAT, an RPG India company, led by Managing Director and CEO Mr. Arnab Banerjee, met with Mr. Mangala Wijesinghe, Chairman and CEO of the Sri Lanka Export Development Board (EDB), recently at the EDB Head Office in Colombo. During the meeting, Mr. Banerjee provided an overview of RPG’s operations across various sectors,…
By Joshua Perera Joshua is an experienced writer, editor, and researcher and has a background in fact-checking, investigative journalism, and debunking misinformation. Sri Lanka, renowned for its stunning landscapes, rich culture, and warm hospitality, is witnessing a resurgence in tourism after years of challenges. As the sector begins to recover, it is crucial to consider…
The Colombo Stock Exchange (CSE) is pleased to announce the appointment of Ms. Vindhya Jayasekera as the Chief Executive Officer (CEO) Designate, effective 1st January 2025. Ms. Jayasekera will succeed the incumbent CEO, Mr. Rajeeva Bandaranaike, who is due to retire during the course of 2025 after serving for 11 years in that capacity. Ms….
The index skyrockets for a third consecutive month following the election season The election of a new government has ignited a surge of optimism and speculation about the country’s economic future. Against a backdrop of prolonged economic turbulence, the government’s pledge of change has struck a chord with a business community that’s eager for both…
PASSENGERS will “fly back in time” this evening as their flight takes off from Hong Kong in 2025 and will land in Los Angeles back in 2024. A group of people will have the chance to raise a toast to the New Year twice thanks to crossing the International Date Line (IDL) during their flight….
Talented young cricketer appointed Brand Ambassador for country’s largest debit card business Matheesha Pathirana, one of Sri Lanka’s most talented young cricket stars, has been appointed Brand Ambassador for Commercial Bank, the largest private sector bank in the country. Matheesha will specifically represent the ComBank Debit Card brand, the biggest debit card base in the…
The Colombo Stock Market’s All Share Price Index (ASPI) delivered an exceptional performance in 2024, recording a remarkable growth of 49.66%. Starting the year at 10,654.16 points, the ASPI surged to a historic high of 15,944.61 points by year-end. Similarly, the S&P SL20 Index, which tracks the top 20 leading companies on the exchange, grew…
It was decided at the meeting of the Committee on Parliamentary Business held in Parliament Tuesday (31) under the patronage of the Speaker Hon. Dr. Jagath Wickramaratne that the debate on the Appropriation Bill for the year 2025 (Budget Debate) will be held from February 18th to March 21st, 2025, said the Secretary General of…
By Jithendra Antonio Sri Lanka’s economy feels like it’s stuck in a time loop. For decades, the same cycle has repeated—export raw materials, import finished goods, rely on tourism, and hope domestic spending plugs the gaps. But here’s the hard truth: this model is running on fumes. With $8 billion trade deficits, soaring inflation, and…
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