Hemas Holdings PLC announced the appointment of Sabrina Esufally as an Executive Director to its Board, effective 1 July 2026. Sabrina Esufally is the Managing Director of Hemas Consumer Brands and a member of the Hemas Group Board of Management. Since joining the Group in 2019, she has held leadership roles across pharmaceutical manufacturing, business…
Tea Exporters Association (TEA) emphasized the need to help the tea smallholder farmers in order to increase the tea crop at a meeting with President Anura Kumara Dissanayake held on 26th June 2026 at the presidential secretariat to discuss the export sector issues. Mr. Huzefa Akbarally, Chairman, TEA pointed out that though the exporters are capable…
Notice to General Public on Prohibited Pyramid Schemes In terms of Section 83 (C) of the Banking Act, No. 30 of 1988, as amended, the Central Bank of Sri Lanka has conducted an investigation, ascertained and determined that “Infinity Rover (Pvt) Ltd” has engaged, conducted and promoted a prohibited scheme. Further, the following Companies/Apps have…
Reuters – U.S. President Donald Trump reported more than $1.4 billion in income from his family’s crypto ventures last year, showing how Trump now derives most of his income from digital assets that have benefited from his policies, according to a review of his latest financial disclosures on Tuesday (30). The filings, his annual disclosure…
The newly appointed Chairman of the Board of Investment of Sri Lanka (BOI), Mr. Duminda Hulangamuwa, has pledged to restore the agency’s former authority and transform it into a genuine “one-stop shop” for investors, as part of a renewed push to close the country’s persistent trade deficit and accelerate export growth. The Chairman thanked the…
The World Bank’s Board of Executive Directors approved US$150 million in financing to support Sri Lanka’s reform agenda aimed at boosting investment, strengthening competitiveness, and creating jobs. The Sri Lanka Reforms for Growth, Resilience and Openness Development Policy Operation (REGROW DPO) is the first in a proposed series of three operations and builds on the earlier support…
The Council for Business with Britain (CBB) of The Ceylon Chamber of Commerce held its 26th Annual General Meeting at Westminster House, Colombo, bringing together members and stakeholders committed to strengthening trade and investment relations between Sri Lanka and the United Kingdom. Ms. Ameena Ziauddin, Managing Director of Norfolk Foods, was elected President of the…
Sri Lanka’s expenditure on motor vehicle imports has seen a sharp upward trend, surpassing the USD 1 billion mark within the first five months of 2026, according to the latest data from the Central Bank of Sri Lanka (CBSL). The Central Bank’s report on the “External Sector Performance” for May 2026 reveals that the total…
The Colombo Stock Exchange (CSE) extended the Opening Market Auction Call after certain active Central Depository System (CDS) accounts were inadvertently suspended during the deactivation of long-dormant accounts. In a statement, the CSE said CDS accounts that had remained dormant for a period of 15 years were suspended on June 30. However, a number of…
The Asian Development Bank (ADB) has approved a $200 million emergency assistance package for Sri Lanka’s recovery and reconstruction following Cyclone Ditwah. The package comprises a $100 million regular loan and a $100 million concessional loan from ADB’s ordinary capital resources, and a $500,000 technical assistance grant to help strengthen project implementation, readiness, and quality…
Video Story
