Group Core Business Profit After Tax of LKR 1.8 Bn Group Total Capital Adequacy Ratio of 16.092% Group Net Fee and Commission Income up by 34% to LKR 1.9 Bn Group Total Assets up by 3% to LKR 885 Bn DFCC Bank delivered a strong financial performance for the period ended 31 March 2026, underscoring…
The Ceylon Chamber of Commerce will lead a senior corporate delegation to Mumbai for the India–Sri Lanka Business Forum on 13 May 2026, held in partnership with the Confederation of Indian Industry (CII). The delegation brings together the leadership of some of Sri Lanka’s most prominent companies, representing a broad cross-section of the economy. Participants…
By Dilani Hirimuthugodage, Research Economist, Institute of Policy Studies of Sri Lanka (IPS) Geographical Indications (GI) can unlock higher export earnings by leveraging origin‑based values in tea, spices, and other agricultural products. GIs enhance global recognition, secure premium prices, and access niche markets through branding and value addition. Targeted GI reforms are essential to build…
Nüwa at City of Dreams Sri Lanka, the luxury flagship hotel within South Asia’s first fully integrated luxury resort, marked a significant milestone with a special press conference and celebration honouring its prestigious 5-Star recognition, further reinforcing its position as one of the leading luxury hospitality destinations in the region. Held at the elegant Crystal…
Vietjet Air, Vietnamese new-age hybrid airline, has announced its first direct service connecting Colombo to Ho Chi Minh City at the Sri Lanka – Vietnam Trade, Investment and Tourism Cooperation Forum. The announcement took place in the presence of General Secretary and President of Vietnam To Lam, Prime Minister of Sri Lanka Harini Amarasuriya, and…
The Colombo Stock Exchange (CSE) marked a significant recovery on Friday, 8 May 2026, as the All Share Price Index (ASPI) reclaimed the psychological 23,000 threshold. Intra-day charts showed the index gaining momentum throughout the session, briefly peaking near 23,100 before settling slightly lower. At the close of trading, the market indices reached the following…
In the past fifteen years, Vietnam has become a prime example of how trade policy can drive industrial growth, particularly in the apparel sector. This transformation is the result of a strategic focus on Free Trade Agreements (FTAs), export-oriented manufacturing, and integration into global value chains. Sri Lanka can draw valuable insights from Vietnam’s experience,…
In April 2026, the official reserve assets held by the Central Bank of Sri Lanka have once again fallen below the USD 7 billion mark. Accordingly, the official reserve assets, which stood at USD 7,026 million at the end of March 2026, declined to USD 6,759 million by the end of April 2026, a drop…
The Research Vessel Dr. Fridtjof Nansen has successfully completed a marine scientific survey in Sri Lankan waters and departed Colombo, marking the conclusion of a critical mission to strengthen the country’s ocean knowledge base. As part of the EAF-Nansen Programme of the Food and Agriculture Organization of the United Nations (FAO) and Norway, the vessel…
Mila Fashion (Pvt) Ltd has clarified that it has not ceased operations, following recent media reports concerning its Welioya facility. The company stated that it is currently carrying out a temporary and structured operational consolidation as part of a broader business continuity measure, in response to global market conditions affecting the apparel sector. The company…
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