International Trade Exhibition Rescheduled Amid Global Geopolitical Uncertainty The Sri Lanka Export Development Board (EDB) has announced that Sri Lanka Expo 2026, originally scheduled to be held in 2026, has been rescheduled to 14–17 January 2027. The international trade exhibition will take place at the Bandaranaike Memorial International Conference Hall (BMICH) in Colombo. The decision…
Reuters – The Indian rupee hit an all-time low on Tuesday (12), weighed by expectations of prolonged high crude prices, persistent portfolio outflows and weakening sentiment. The rupee opened at 95.50 versus the U.S. dollar, slipping past its previous record low of 95.4325 hit last week. The currency extended its fall to 95.6250, taking losses…
According to a research report by Mordor Intelligence, the coconut oil market size is projected to grow from USD 7.75 billion in 2026 to USD 11.05 billion by 2031, registering a CAGR of 7.36% during the forecast period (2026–2031). Growth is supported by rising demand for clean-label cooking oils, expanding use in pharmaceuticals, and increasing adoption in cosmetics and personal care products. Government initiatives in key producing countries such as the Philippines…
Following its landmark achievement of reaching a Gross Written Premium (GWP) of Rs. 11 billion in 2025, HNB General Insurance (HNBGI) enters Financial Year 2026 (FY2026) with a revitalized strategic roadmap. The company has mobilized a strengthened and digitally-empowered sales force, specifically engineered to capture emerging market opportunities and translate technical innovation into sustainable, long-term…
Abans Finance PLC (Abans Finance) recently marked the official listing of its maiden 13,384,000 debentures on the Colombo Stock Exchange (CSE) with a bell ringing and market opening ceremony held at the CSE trading floor this Monday (11th May 2026). The offer for subscription for the initial issue of ten million (10,000,000) listed, rated, senior,…
The Colombo Stock Exchange’s main indices recorded a slight decline on Monday (11). The All Share Price Index (ASPI) fell by 52.26 points to close at 23,011.72, while the S&P SL20 Index declined by 19.22 points to close at 6,300.02. Market turnover for the day stood at Rs. 4.92 billion. Local investors recorded buying of…
As of 8 May 2026, the Sri Lankan Rupee has depreciated by 3.6% against the US Dollar so far this year, according to the Central Bank of Sri Lanka. The Central Bank’s daily exchange rate bulletin released today (11 May) showed the buying rate of the US Dollar at Rs. 318.03 and the selling rate…
The Federation of Information Technology Industry Sri Lanka (FITIS) successfully concluded its Annual General Meeting on April 22, reaffirming its commitment to driving the nation’s technological advancement. At the landmark gathering, Dr. Dayan Rajapakse was unanimously re-elected as Chairman, embarking on his second consecutive year at the helm of the apex ICT body. The prestigious…
Sri Lanka’s Information and Communication Technology (ICT) sector marked another significant milestone in its global expansion, as five Sri Lankan technology companies successfully participated in a European market exposure programme under the Sri Lanka Export Development Board (EDB) – Import Promotion Desk Germany (IPD) project. Strategic Participation at Hannover Messe The programme commenced with participation…
NDB Bank, the fifth-largest shareholder of Seylan Bank, has fully exited its position in the bank by selling its entire 8.72% shareholding. The transaction, executed today (11 May 2026), involved the transfer of 26,631,495 shares at a price of Rs. 104.00 per share. The total value of the deal amounted to Rs. 2.76 billion. The…
Video Story
