SriLankan Airlines is pleased to announce strategic partnerships with Saudia (SV) and Flynas (XY), further strengthening air travel links between the Kingdom of Saudi Arabia and Sri Lanka. This collaboration significantly expands SriLankan Airlines’ network reach, enabling travellers to access a wider range of destinations through convenient domestic and international connections. Under this arrangement, Saudia…
By Professor Devaka Weerakoon, Department of Zoology and Environment Science, University of Colombo Sri Lanka’s decision to phase out oil palm cultivation has been shaped by perception rather than policy. At the center of the debate lies a powerful claim: that oil palm poses a significant threat to biodiversity and the environment. Scientific evidence however,…
Marking a new milestone in Sri Lanka’s economic journey, the official launch ceremony of the National Export Development Plan (NEDP) 2026–2030 the country’s strategic export roadmap for the next five years is scheduled to be held in Colombo on 16 June 2026. Developed in alignment with the government’s national vision of “A Prosperous Nation –…
Reuters – The United States has become the world’s largest oil exporter, upending a decades-old order long dominated by Saudi Arabia and Russia, a shift that tightens American companies’ grip on energy markets as Washington’s war with Iran reshapes global energy trade. America’s ascendancy to the top spot marks a stunning reversal for a country…
Cementing its status as a global New Energy Vehicle (NEV) trailblazer, BYD has topped the global rankings for most innovative automotive group in the Automotive INNOVATIONS Report 2026, published by Germany’s Center of Automotive Management (CAM) – the first time in the study’s 21-year history that a Chinese automaker has claimed the top position. BYD…
TradingKey – The U.S.-Iran conflict continues to escalate, driving oil prices sharply higher. On Wednesday, Brent and WTI crude futures both closed higher, breaching $90 per barrel. During Thursday’s session, oil prices rose further, with WTI futures climbing over 2% intraday to cross $92, while Brent crude rose 0.5% to exceed $95. On the news…
The India–Sri Lanka Binational Bridge and Tunnel – Why Sri Lanka Should Embrace the Opportunity of the Century By Jithendra Antonio For decades, Sri Lanka has debated ports, airports, expressways, free trade agreements, and foreign investments as pathways to economic transformation. Yet one proposal has consistently resurfaced across governments, administrations, and geopolitical cycles as perhaps…
The Public Debt Management Office of the Ministry of Finance, Planning and Economic Development raised Rs. 71,744 million in its latest Treasury Bill auction today (10), falling significantly short of its Rs. 140,000 million target. While the auction attracted substantial market interest with Rs. 201,006 million in total bids received, the government chose to accept…
Mastercard has announced significant leadership appointments aimed at strengthening South Asia operations, by creating a more integrated model for Sri Lanka, Maldives, Bangladesh, Nepal, and Bhutan.The growing synergies within these countries, especially with regard to the focus on tourism and cross-border trade and payments innovation, makes this integration crucial in scaling the operations and underscores…
The Ceylon Motor Traders’ Association (CMTA), the senior-most automotive association in Sri Lanka affiliated with the Ceylon Chamber of Commerce, has issued an urgent appeal to the government to abolish the 15% depreciation currently granted on used vehicle imports, warning that the concession is causing massive revenue leakages at a time when the country can…
Video Story
