Sri Lanka’s official reserve assets saw a notable recovery in July 2026, increasing by USD 133 million, according to the latest statistics released by the Central Bank of Sri Lanka (CBSL). This marks a 2.1% growth from the previous month, bringing the total reserves to USD 6,591 million by the end of July. The reserves had…
The Fourth Round of Bilateral Consultations between the Ministries of Foreign Affairs of Sri Lanka and the Sultanate of Oman was successfully held in Muscat on 3 August 2026, providing an important platform to review the progress of bilateral relations and identify new avenues for cooperation in trade, investment, digitalisation, connectivity, innovation and human capital…
Asahi Dyes and Chemicals SL opens US$ 20.4 million advanced manufacturing facility at Biyagama Export Processing Zone, creating 281 direct employment opportunities Sri Lanka’s high-value manufacturing and export sector received a significant boost today with the official opening of the state-of-the-art manufacturing facility of Asahi Dyes and Chemicals SL (Pvt) Ltd. at the Biyagama Export…
The Ceylon Chamber of Commerce and the Southern Gujarat Chamber of Commerce & Industry (SGCCI), Surat, India, renewed their Memorandum of Understanding (MoU), reaffirming a commitment to strengthening business engagement between Sri Lanka and Gujarat. The renewed MoU was signed by Krishan Balendra, Chairperson of The Ceylon Chamber of Commerce, and Mr. Ashok Jirawala, President…
Quarterly Financial Review Tokyo Cement Group (Tokyo Cement) reported a turnover of Rs. 15,836 million and a Profit After Tax (PAT) of Rs. 635 million for the 1st Quarter ended 30th June 2026, compared to a turnover of Rs. 12,544 million and a PAT of Rs. 668 million, in the same period last year. The…
Performance Review for the Three Months Ended 30th June 2026 The Group recorded revenue of Rs. 28.77 Bn in Q1 FY27, an increase of 0.9% YoY, while gross profit margin improved by 0.2 percentage points to 30.4%. However, EBITDA declined by 14.1% to Rs. 2.26 Bn and Group earnings attributable to equity holders declined by…
Reuters – Oil extended gains on Friday amid further concerns around the opening of the Strait of Hormuz as Iran, working with Oman, suggested banning vessels deemed hostile from the strait and heavily fining those which violated the proposed rules. Brent crude futures rose 80 cents, or 0.97%, to $83.29 a barrel by 0303 GMT….
The Colombo Stock Exchange (CSE) recorded a landmark trading session today (06), with the daily turnover record surging past the Rs. 12 billion mark. By the close of trading, the market saw a total turnover of Rs. 12.23 billion. This represents the highest daily turnover recorded since January 8, 2026, when the market reached a…
Sri Lanka has taken a significant step towards strengthening business confidence with the establishment of a modern framework for commercial mediation, creating a structured, efficient and internationally aligned mechanism for businesses to resolve disputes while protecting valuable commercial relationships. The milestone was marked at the inaugural Corporate Mediation Pledge Ceremony organised by the International Alternative…
Lotus Tower becomes the first destination connected to a city-wide digital ecosystem linking Colombo’s attractions, culture, entertainment and commerce. PickMe yesterday launched Colombo Connect, the first city-wide destination to be introduced under its newly unveiled PickMe Explore platform, a national digital ecosystem designed to connect attractions, experiences, events and communities through a single technology platform….
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